Quote from achilles28:
Your ignorance is astonishing.
Lemmie guess, you've never heard of the House Banking Committee Staff Report of August 1976: Federal Reserve Directors: A Study of Corporate and Banking Influence?
European Ownership of the FED by Rothschilds, Loeb, Schiff and Warburg is well documented (by your own Government, no less).
As for poo-pooing all this as "conspiracy talk."
Your founding fathers fought and died to keep European Bankers out of America.
They knew the money scam and wrote it about it profusely.
How bankers create booms, busts to confiscate private wealth.
I strongly suggest you go educate yourself.
Quote from BabyDrew:
"Warren E. Buffett warned about a similar phenomenon during the tech bubble. Mr. Buffett said he wouldnât invest in tech stocks because he didnât understand the business model."
The above is explains the Laissez-Faire system perfectly. The smart, efficient competition will always rise to the top. Who is going to call Buffett a fool because Berkshire didn't invest Nasdaq? The risky investments failed and the smart investments succeeded. That is the beauty of competition.
The Fed's monopoly of credit is the underlying issue. Monopoly always leads to inefficiencies in the market. In a free-market economy, a monopoly would be quickly brought down by competition. Since credit competition is outlawed, the Fed's inefficiencies cannot be corrected. Should credit-currency be treated as other commodities, banks would be forced to compete with deposits and credit. This would stabilize interest rates at a market value. Easy money would cease, the credit lines could never freeze, and the economy would be much more stable.
Quote from Capablanca:
I don't go out of my way to read conspiracy theories so no I haven't read that House Banking Report you refer to.
Edify me and name the current Fed Reserve directors and governors and draw their link to the European banking families you think control the Fed.
Quote from IluvVol:
safe your time man, those guys are the same who claim the US has never landed on the moon. LOL. And they are the same who spend day and night to find out who to blame for this mortgage bubble. The Fed, the government, the bankers, the Europeans, who whatever. THe fail to see that it was created by simple greed and fear. Greed when people with 40k annual salaries thought they also deserve a home without down payments, without sufficient credit. Greed when the average American consumer STILL TODAY AS WE STAND thinks he/she deserves 3-4 maxed-out credit cards, at least 2 cars (one of which exceeds the annual net salary), and the list goes on. People have grown to expect the impossible. The virtue of patience has gotten lost and been replaced by an "I deserve NOW" attitude. That there are others who feed from this greed is expected and will NEVER change. So, why are we surprised, we shall rather blame all of us ourselves. Why everthing so complicated?
Quote from IluvVol:
safe your time man, those guys are the same who claim the US has never landed on the moon. LOL. And they are the same who spend day and night to find out who to blame for this mortgage bubble.
Quote from IluvVol:
leverage fuels speculative bubbles BUT it does not causes bubbles nor does the lack of leverage prevent bubbles. Look at the tulip mania in Holland. This among many other speculative bubbles was caused by simple human greed and fear nothing else.
People always like to make it complicated when it really is very simple to find the roots and causes of what we today observe in financial markets.
Quote from IluvVol:
and I strongly suggest you keep the church in the village, so to speak. Ownership of the Fed? Dude, you make me laugh. You should maybe spend more time on your trade ideas instead of throwing around with your conspiracy theories. A lot of you guys come up with wild ideas but you never answer a simple question: WHY and WHAT IS THE PURPOSE!!!
But thanks for the amusing comments.
Quote from Capablanca:
I don't go out of my way to read conspiracy theories so no I haven't read that House Banking Report you refer to.
Edify me and name the current Fed Reserve directors and governors and draw their link to the European banking families you think control the Fed.
Quote from IluvVol:
nobody has a monopoly on credit. The only difference is the Fed can print money, therefore by definition cannot go into default (although it would be entirely possible)
Quote from IluvVol:
I dont understand why people make things so complicated. It all boils very quickly down to the human aspects of greed and fear. In LEHs case most counterparties lost all confidence in Lehman and stopped lending even short term. Others such as KfW still had confidence (out of negligence and lack of due diligence) and transferred 350 million Euros to Leh on the same day Leh went into default. Simple as that.