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if i had to guess, i'd say synergies between the broker and the market making sides of the business

the federal reserve system basically guarantees its own extinction. it's just going to take some time

http://en.wikipedia.org/wiki/Money_multiplier this sums up the basic idea. with a reserve ratio of 10:1, banks pocket the difference between lending rates and deposit rates on 10 times the amount of the original deposit (while diluting all savings and spending power at the same time)...

dunno, i have an itchy feeling like that could be the news this weekend

i did notice the part you mentioned and admittedly i can't speak to the validity - but the general concept of fractional reserve lending creating an inherent wealth vacuum from ordinary people to banks seems valid enough. is there an argument that negates this?

good vid. the origin of debt money should be taught in public school

yen!

seriously. i know. i've been with the trend and directionally ambivalent most of my time as a trader. still sorting out why i fell so deeply out of tune last june. too aggressive, too fast and i trapped myself in the idea after initial success on the May drop. size and stubbornness...

valid points. wrt brazil and mexico devals vs the US, aren't those like comparing apples and elephants on the world financial stage. the dollar is a good bit different being world reserve currency

Larry Silverstein's retraction (or clarification) of his 'pull it' comments are so sketchy. He tried to say by 'pull it' he meant pull the firefighters out of the building, but there weren't any in there as far as i can find - besides 'pull it' being industry jargon for a controlled demolition...

but do you have to vote for one of them AAA? this is where i think the broken system everyone accepts is thoroughly misleading. everyone wants their vote to count, but if feeling counted still results in a harmful leader, wouldn't it have been better not to vote, or vote 3rd party? if a...

lol!

well if you think kerry would have been worse, then you can take comfort in your decision to advocate bush for president personally i wish americans would object to being funneled by the two party system, and refuse to endorse candidates with obvious character problems even if they appear to...

the writing was so clearly on the wall. it's annoying to hear the republican partisan voters complain now. imo, very bad judges of character - or just blinded by the need to belong to a 'winning' side

what do folks make of this http://www.alternet.org/story/50941/?page=1

what could they possibly need to hide about the reason for WTC 7's collapse? If true, doesn't a controlled demolition of wtc7 imply foreknowledge of 911, since it takes days if not weeks to perform? Not something that can be prepared on the spot in an unstable building with fires inside

Wow, just saw that too. Very good question. Why would we have been lied to about it?

that's definitely true. fwiw eqttrdr registered at the end of the bear mkt, and posted that he stopped shorting 17 months ago. we all go out of sync i guess. i've been for almost a year now and it's nasty

what else is there to say lol

lol ok. you win mr adeptness