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Yes, Europe etc will have problems of their own. The difference then is that on account of politics and ideology Europe and China will be friendly politically and conspire to cut the US out.

I have an idea. Central banks won't care about gold. Why would they? What's the value to them? Unlike the rest of us, they can create money by pushing a button. Why would they really care about having more gold in the vault? In the future if they wanted more gold, they create...

was the NASDAQ saying something in 1999 too? Just asking.

"from the perspective of the populous, they will always borrow if credit is loose enough." Yes, but the Fed can't make lenders lend. In a deflationary collapse, banks may be able to borrow at a mosquito's basis point above null, but if they want to get their money back they don't have...

The purpose there is to try to ensure that the value of keeping property operational is higher than the arson/abandonment value. Abandoned properties are roach nets for crime.

That somebody will steal your encoded system from a server and ruin the market? Think about it on the other side. Suppose somebody came to you and said, "hey I have this great black box system. let's trade it in massive size!" --- Uh, where did it come from? --- My friend is...

Sounds like exactly what has happened to many countries in the emerging markets, in part thanks to the IMF's poor policies combined with the local government's corruption. Situation goes like this: (Indonesia, etc) 1) Economy does well, but corrupt government is in power and steals lots...

The "risk" there is not default---since the US can conceivably print as many dollars as needed if they revoke the Federal Reserve Act or modify it. The risk of course is inflation that would cause. If you care there, then the TIPS (inflation protected securities) would help but the...

The rationale given above is sound why a sales tax (evasion) or VAT is not so good. It encourages black-market commerce and puts taxes on transactions, which is more far more often than paychecks. It is more intrusive to businesses. There's a simple way to encourage savings. 1) Revise...

Why exactly does a VAT (which is what this is) point in the right direction? Why would it "eliminate the IRS"? In nations that have this (and there are a number) there remains a significant bureaucracy devoted to computing and assessing and trying to find the cheaters, and finding...

There are regulated stock exchanges and futures and options exchanges. Most participants like this because this way they are less likely to get ripped off. There are now 24 hour futures, right? Still, I would imagine that the exchanges are themselves profit making enterprises and so why...

The problem with this seems to be that the "fundamentals" which are in trade in the forex are changes in interest rates. And people respond to "anticipated" changes, not actual changes, usually. This is all just doing trend-following well, right? Central banks seem to have alot of...

cute, but I think it's a photoshop fake. Look at the last frame, with the girl (supposed culprit) being tossed in the air. What's wrong? (think about gravity)

OK, prt_systems, what would happen in the VC system? This is not a flame or snarky remark. Actual curiosity.

In principle, yes. The problem is that the capital and production capacity in the US does not exist any more, except for agricultural commodities. Capital and knowledge was destroyed in the US, and transferred overseas. When companies had the choice of re-investing in US factories with...

Trading volume may not equal real-life importance. I imagine that actual commercial sellers and users negotiate mostly the long dated futures and options. A utility or industrial consumer wants stable prices, a producer wants to sell capacity at guaranteed prices above production cost...

After all the angst in this thread, why is there not a centralized, regulated exchange for spot currencies? I know about the futures but as people tend to primariliy think about the spot rate, why not have a true, spot instrument traded on an honest exchange with the usual guarantees...

Saving 1.5 million a year is exactly something that a government bureaucracy would do, based on its own internal issues. Even if somebody out there may conceivably benefit from the program. Honestly I doubt it. The only time I heard about M3 was now when they were going to take it away.

If it is indeed middle-eastern buying in the face of abnormal macroeconomic factors (i.e. higher US stock market and higher US dollar) might this signal some inside information? Like an upcoming major terrorist attack?

"A lot of it are also dependent on money management. I truly believe that a trader can randomly trade a stock and be profitable regardless of the system if he has great money management skill." This is untrue, and mathematically provable to be so, if you mean 'profitable' to be 'more...