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lol, it was a rhetorical question I'm sure.

Your analogy that a carpenter cannot create something from nothing is quite obviously true. And when the currency was backed by a commodity, as in gold and silver, it was equally as true that additional money could not be created without additional reserves coming into the bank in the form of...

So where do the funds come from? Money trees growing next to the trees the carpenter uses?

When a consumer gets a loan from a bank for a new dwelling and the loan is based on the banks ability to issue credit as a function of some multiple of actual cash on hand, all the players involved in the development to the new property (carpenters, plumbers, lumber yards, etc.) get paid in real...

So fractional reserve lending does not exist?

Interesting subject to speculate on. My take on the situation is that the next crash, if and when it comes, will be based on a dramatic loss of confidence in the dollar. Since Bretton Woods and the dollar being used as the worlds reserve currency the US has basically been able to do whatever...

Where does all that money come from then?

gnome you're killin' me....:D

lol! I was thinking the same!

A non sequitur here. Ron Paul is against a minimum wage:confused:

Sounds like a taxable event to me.

mayo367, you are right in your surmise that the X's and O's are buyers and sellers but I will quote a paragraph from Jeremy du Plessis's excellent book The Definitive Guide to Point and Figure to illustrate a bit more. One other great feature of P&F is that time is not shown on the chart so...

mayo367, I have to assume from your descriptions that you are using Market Profile in your trading. I am a firm believer in MP and a large part of the way I look at the markets comes from my study of that discipline. The best charting method I have found is Point & Figure. Nothing filters out...

fwiw here is my take on random walk...it is a little like not being able to see the trees for the forest. As an example, I trade the mini's and at times (not recently) when the market is in a grinding uptrend I see this pattern in prices. On a 5 minute chart I have fib levels of the previous...

It's deja vu all over again. Remember the S&L's? http://www.mises.org/story/2772

Good job Corey, you have called my main point exactly. I do think that a thoughtful person can see the same mentalities that caused the booms and busts then in the dotcom and housing activity in current times. The frenzy is not here today with the masses but the financial elites seem to have...

Hey stockturder, pick up a copy of Extraordinary Popular Delusions and The Madness of Crowds. See if you can find any correlations with todays' headlines. Try to put two and two together

Good question. The link is to a page that has a video of the proposal introduction by Rep Rahall of W Va. It is unclear whether shale mining would be included since oil and gas producers already have to pay severance taxes. Oil shale could fall into a gray area since it is hard rock mining so...

A new mining tax will presumably make oil shale development even more costly. http://www.mises.org/story/2771

The following paragraphs are from a paper on the subject and illustrate why oil shale is so problematic. ...The most direct obvious environmental impact of an oil shale industry would be the immediate displacement of ecosystems in land under development. Surface retorting, which...