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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
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The textbook for my Principles of Macroeconomics class, Macroeconomics , 2nd ed. by R. Glenn Hubbard and Anthony Patrick O'Brien, has a section entitled "Money without a Government? The Strange Case of the Iraqi Dinar" (Chapter 13, p. 435 for anyone who is interested) in which the authors...
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This is a new intiative by the FED: "These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30. Can someone elaborate on this for me? Will this make a...
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So, here is something I have been thinking about for the past 2 months. Background: Currently, I reside in Tokyo, Japan. I have to commute between 2 and 3 hours a day, which means a lot of train usage. Recently, there has been a movement towards electronic forms of money: SUICA and PASMO . These are...
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Money as debt is a good educational video of how the system works but it's socialized solution is something that could be compared to the FED itself. The amount of money created (liability) in the economy should equal to that of the production (asset) of a nation thereby offsetting each other and...
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There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...
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[quote user="MrJekyll"] The problem isn't what currency IS, rather that it is MANIPULATED in a CLANDESTINE way with no BACKING by an unseen GROUP. Hence, get rid of the GROUP, store something of VALUE in a warehouse that has OPEN and PUBLIC audit, and you get rid of MANIPULATION. As defined...