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If you know you are sitting on crap investments and fear they will blow up, sometimes you try to sell it to someone before it dumps. TARP bailed out wall street and sunk main street. http://finance.yahoo.com/news/the-last-mystery-of-the-financial-crisis-154447818.html

Your argument is sound that laws created by states are not enforceable if people's behavior is against those laws. Natural laws (math, science) like gravity don't care much whether you enforce them or not. We should discover and apply those laws and whether they are written down or not is not...

Awful. Hopefully it is not a portent of the future for us? What happens to one of us, happens to all of us.

It's the citizens duty to change the government if it is wrong. I didn't read the 'avoid tax' amendment. Concentrate on the money you have left over, not a cost of doing business. Or you can do what the majority of citizens do - quit and let the government look after you. Isn't that how we...

Yes, my opinion would change at 100%. But it is not 100% and I have paid the maximum in my lifetime. I do drive fast but never push or honk at people in front or yell at people in back unless it becomes unsafe. In most cases, I move over and sometimes I drive more slowly. Usually they move...

LOL. Agreed. Calgary state of emergency lifting in 2 hours. 1 dead citizen, 25 condemned houses - 1 bulldozed for safety, many 1000s more need work, some a lot of work, and lots of work for contractors , 1 giraffe in shock (may die) from waist deep flood-water, LRT spiral spaghetti track put...

Whew! That is much easier to talk about. I don't like that analogy. It says that every law made is like pot. Laws need enforcement because laws are made on things the state wishes to happen, not necessarily what people want to happen. People want pot, states want control and survival. Laws...

I knew one American transplanted former CEO who boasted to some of us in a bar that he was cheating both Canada and the US income taxes. What surprised me was why did he boast about it? Perhaps he wanted to get caught? Another Canadian gal was also boasting about deducting her new house...

Well you don't ask difficult things do you? Let's redesign the banking system so it works on ET. Well I am game. It will take some time since I need to think a lot and since I can not do it alone, we all need to critique it until the idea is proven false, or we have a workable solution or we...

Article on housing after the flood: http://www.edmontonjournal.com/business/real-estate/Lamphier+Calgary+floods+will+have+ripple+effect/8583904/story.html and http://business.financialpost.com/2013/07/01/the-buyers-are-back-as-canadas-housing-market-defies-doomsayers/?__lsa=525a-649e City is...

... and that was the point I was trying to make also! (Use fully reserved banking system - or as proposed in other threats, an internet based citizens loaning system. Risk matching reward backed by the lender's assets). Alternatively a ban on passing debt forward so that the risk can't grow...

Gresham's law: "Bad money drives out good". (see Wikapedia for more). The next thing to fall would be governments since bad government also drives out good, partly because the amount of intelligence in the world is a constant, but population increases every day! At least it seems that...

Absolutely right. See the Chicago plan from 1933. Instead we got the FED plan - pump up the world, refinance everything until the problems go away. That battle lost was the beginning of the end IMO.

Why does the real price matter? Because whenever money is lent or invested, there are two sides to it. One is the investing side (return) and the other is the repayment side (the risk). In a perfect world the risk and return would fall on the same entity. That is, the person getting the return...

(I am glad you disagree with my arguments and present sound comments to support your side. It forces me to re-examine my thinking. If I am right then it doesn't matter, and if I am wrong, I should re-examine them ASAP.) I agree that risks are similar and that regulated leverage is lower for...

Fair comment and I make a generalization of course. The missing link is that the government is standing behind the insurance companies and they are heavily regulated because the government has been burned before. AIG was taken over by the government when a multiple sigma event ( black swan)...

The capitalist system is about accepting risk (in return for reward proportional to said risk) and socialism is about getting someone or something else to assume that risk and getting something for nothing.

Interesting discussion. I agree with M, that the root cause is fractional reserve banking system itself. If all loans were at risk to the lender's money only, the system couldn't blow up and the risk signals wouldn't be compromised. A bank should earn money as a broker, not as an investor...

My hometown is sure feeling the hurt today. Last Thursday night a flood struck downtown with little warning and displaced about 10% of the city, blacked out the downtown core, threatened the opening of the Calgary Stampede, twisted LRT track like spaghetti. Maybe it is a good time to buy real...

“First they ignore you, then they laugh at you, then they fight you, then you win.” - Mahatma Ghandi I think the BTFD scoffers got F...d. Good call - you are the deli Lama - his market holiness.