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https://www.reuters.com/markets/currencies/india-russia-suspend-negotiations-settle-trade-rupees-sources-2023-05-04/ NEW DELHI/MUMBAI, May 4 (Reuters) - India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep...

A mind is a terrible thing to lose. You are losing yours! There is really only one way that someone could be so completely out of touch with reality as you, and that would be to rely on Russian State Media as a source of information. Even in Russia more reliable sources are available, though...

I have observed that among so-called "conservatives", i.e., those with baboon-like intellect, that if you're rich being LBGTQ is tolerated.

There is far too much misunderstanding about our Government's central bank's role in supplying an economy with the right amount of money our economy needs to carry on commerce while protecting the stability of our money. Someone, or some thing, has to create the money we use, and i don't want...

A lot of spinning going on.

Since being vaccinated for Covid many thousands have died! :rolleyes:

There is no question that the logic of Jackson's dissent will go over many heads. The absurdity of using race as a criterion for something that race should play no part in will win the day for those who cheer the Courts decision. Yet this misses completely the point of Jackson's dissent. Did...

Not having lived in prior centuries, it's impossible now, unless we are black, to understand why using race as a criterion in making college admission decisions is anything other than absurd. Yet Justice Jackson's brilliant, dissenting opinion explains why two-hundred years of the Court's...

Indeed, as we all know, Sweden, Finland, Norway, Germany, Great Britain, Canada, France and especially Denmark are packed to the gills with dull, non-innovative, lazy and incompetent socialists. Such a shame that they have all gone down the socialist path to utter despair and self destruction...

We need a couple more states to join the national popular vote interstate compact. Then all the things you guys want to see will have better odds of happening. If the GOP remains in control of evangelicals, criminals and terrorists we could see a blue wave across both houses and the White House.

I think a closer look would show this "paid according to impact" not to be true, but only seeming to be true if one doesn't look to closely. Reich's thesis makes somewhat more sense to me.

You must know the answers to all of your questions, as they are obvious.

What? Did you attend a MAGA rally last night, and now your mind is shot.

The obvious answer --- you should have thought of this --- is that Banks can not create an infinite amount of money because Demand is not infinite. And that's true in my world and in your world.

leonel's post is correct! Both the government AND private sector banks create money. The money the government creates is "outside" money. It is created via deficit spending, and it gets into the private sector by being spent in. At any time, most of the outside money is present in the form...

2rosy commented: "there is known a limit to this [bank lending] based on reserve requirements" This not correct because banks that are solvent will always be able to meet their reserve requirement one way or another. I just used overnight lending on the intrabank funds market as an example of...

As long as they continue to make the world's best french fries they'll be just fine.

Perhaps more interesting than the lead article in this thread is that 40% of retirees rely on Social Security alone! These are folks who live their lives with very little disposable income. Without disposable income their is very little opportunity. Think about that.

Banks don't look at their reserves to see if they can make a loan. They borrow the money they need at wholesale rates and loan it out at retails rates. The loans they make are bank assets. They can borrow against them. Currently there is no fixed reserve requirement. Rather than controlling...

Will this drama playing out in Russia furnish the material for a future "Putin und Prigozhin"? Santa Fe is doing Tristan und Isolde this summer. I will skip it. I'm not musically sophisticated enough to appreciate Herr Wagner. Puccini is more my speed (they are also doing Tosca). I may do that.