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I'm all for it. Prop desks do not belong in banks. If you're a bank and get free money and backstops, you do not trade. Banking should be boring - like a utility company. Banking is for assisting the REAL economy - not some speculating thieves that don't have skin in the game. Banking...

Ich verstehe nicht.

Senate Proposes Increasing U.S. Debt Limit to $14.3 Trillion http://www.bloomberg.com/apps/news?pid=20601103&sid=a8STKZn2nYiU The U.S. debt limit would be raised by $1.9 trillion to $14.29 trillion under an amendment proposed in the Senate. The chamber began debate yesterday on raising...

I'm in on it too.

Google the word "notional" as it relates to derivatives and their (mis)reported values.

Which is a worse problem to have, Greece or California? From: ECB’s Trichet Says Greece Is No California http://www.dailymarkets.com/economy/2010/01/14/ecbs-trichet-says-greece-is-no-california/ quote: Asked about any threat to the euro because of Greece’s problems, Trichet pointed...

Buy a small working farm far from the city with a well stocked pond. And get a gun too... maybe several. That's the best real estate investment, IMHO.

Quotes from the video: "Although a lot of power will be required to kick start the reactor, around ten times as much energy could emerge." "The project could provide us with an almost limitless supply of safe, green energy." So, basically, you need seed energy to "kick start" the...

Yes I have. I have also read Colin Campbell, and Richard Heinberg and others. But here's the thing: people will prefer to become eggheads and look at the nuances of different monetary systems before looking at the 800 lb gorilla in the room - what really changed humanity in the last...

I'll say it again, and (I'll be ignored again.) Money is an abstraction. Without a tangible real world, it is nothing. The past 100 years of the federal reserve and fractional reserve lending was possible because we had essentially a free source of energy and a booming population. Keep in...

III was awesome. And yes, the game is an example of reality. Though people prefer to bicker about the nuances of monetary policy and ignore the obvious truth about the tangible world around us...

No other country in the world relies on oil and debt per capita than the US does - bar none. Both of these will become more scarce and costly as time goes on. That's when you start to judge different countries. So lessen that massive per capita oil and debt, and the US prosperity, too, is...

Bill Gates walks into a bar in the poor part of town. Guess what the average wealth of the patrons in that bar is? Statistically speaking, they're all millionares.

My father was a young kid during WWII in Greece. A German fighter pilot thought it would be fun to shoot at him as he was herding his family's flock of sheep in the countryside. The bullets hit the ground right behind him. If those bullets landed two feet over, I wouldn't be here today...

I googled unique phrases in the article. Found it. Here's a verbatim source: http://tibetanaltar.blogspot.com/2010/01/corrupt-chinese-officials-abscond-with.html and this: http://www.google.com/hostednews/afp/article/ALeqM5j97pgKgZCZwHmD_Wyd7kf1X03kCA mohdsalleh - don't be...

Was this the Sixth sign?: Neel Kashkari’s Quiet Path to Pimco http://www.nytimes.com/2010/01/01/business/economy/01kashkari.html

Good one. At least you're making money off of peak oil, even though you don't believe it... you'll come around eventually, when you *REALLY* start making money off it! I believe in taking perception into consideration too - I'm still not 100% sold on shale gas because many wells' gas...

Anybody take heed of my stock pick here? ESPH.OB nearing .60 Ecosphere Techonlogies - will be vital in shale gas drilling, IMHO Know your Peak oil dammit!

Where does Germany sell their stuff? Go to an electronics store in any of those countries and you'll be surprised at how many things are made in Germany. And Germany's mercedes in Europe are not exactly the luxury you see here. They cover all markets, last I was in Greece, many if not...

Economics also ignores the fact that exponential growth in a finite planet is unsustainable. And countries such as Japan may finally realize that as population levels off, a monetary system reliant on exponentially expanding credit may not be the way to go. Populations leveling off is not a...