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In a "free market", supply and demand works and equal voting abounds. That very quickly degrades in to power blocks and incorrect price signals. Those get worse and worse until society hits a breaking point. Distortion in price signals causes ever more inefficiency and then social unrest. The...

Venus project - yes like that, although I also agree it sounds too good to be true. I would modify it to have no political leaders at all - no place that power could work its evil magic. I think our society organizing problem resolves around "The tragedy of the commons". I think that we are...

The government does. (All of us need some kind of identity or purpose). Common people can't eat, breathe or wear socialism.

Great comment. It think it's mostly the unbalanced that suggest these kinds of solutions. It truly amazes me that some actually think that they are glad if the money system fails or there is a massive destruction, or some other suggested fix. A subsection of the NIMBY philosophy I guess...

Some thoughts for you: I believe that I read that every democracy has ended in facism with an average lifespan of about 200 years. Monetary debasement has led to the downfall of many (if not all) of them. The biggest change was the movement off family farms into government dependence. It...

Brokers apparently can't make money on 2 dollar commissions, so they resort to many tricks to make their big money. The PFG CEO said that he managed to lose money almost from day one but made it up on volume and photoshop purchases. All of us would be wise to ask the question "How are they...

Ummm ... just for the safety of the rest of us, what broker are you using now? (Wink wink, nudge nudge) Seriously, I have a lot of sympathy for you since I am sure there are others in this boat.

Photoshop?

When sino forest stopped trading, I wondered about their auditors. I then googled "lawsuits against ernst and young" and was amazed at what I read. My conclusions: 1) Most auditors must have huge legal bills these days. 2) What the heck do auditors get paid for these days? Reading...

My vote is for the FED and the government. Both are sending out red flags and it is astounding to me how many don't realize how serious the problems are.

"But he had no sympathy for regulators: "I have to say I don't feel bad about deceiving the regulators," the note said. "They made the decision to be my enemy." .... so he was forced to steal the investors money because the regulators were his enemy? How is that reasonable? Sounds to me...

Canadians had two choices, deal directly with the US firm or use the Canadian branch of PFG. As I read it, the Canadian branches of PFG and MF were fine because they have regulators and the people (Canadians also) with the US company have "regulators" (wink wink, nudge nudge.) The regulators...

I find it hard to picture accountants or auditors taking on the power elite and doing what is right - full steam ahead and damn the torpedos! At least that is my prejudice of the industry from my experience. Remember what happens to many whistle blowers. One would think they would be...

They are working on this now - the God particle is the reason they think. LOL

Great comments. Just to clarify what I meant. Bank profits are not an issue. The issue is just what the purpose of interest is, in a fiat money system. I contend, that in theory, in fractional reserve systems, money (or as we might like to call it debt) created is (in theory) reversible and...

For an even deeper rabbit hole scenario (that couldn't have really happened) , read my previous post.

There is another way to read this comment that would be just scary. If the NFA KNEW he was in deficit after their audit after the MF global affair, perhaps they were supporting him until he corrected the problem. However, if their bosses were forcing electronic verification on them this year...

For some comparison about the S&L crisis versus the crisis today I like the comments of William Black. http://www.youtube.com/watch?v=J8CqaHTygSc In 2007? he came to Calgary to talk about corruption and regulatory capture and law. It was an excellent talk. I bought a copy of his book...

Wasn't there also a change in expectations, a move to money as the center of life, and an entitlement mentality? When I started out, buying a starter home was the way to begin for many, now they want a 5 bedroom mansion or nothing (a generalization since some still work their way up) and welfare...

I don't know why they won't answer you seriously. You gave one answer already in your other response. This disgrace is caused because your implied position sizes (by you or all those together who follow you faithfully as you announce your trades in advance) are much too large as a percentage of...