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Old 11-10-2011, 01:09 PM
 
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1. The Federal Reserve should provide banks more reserve capital by paying banks to borrow money, up to 100 trillion dollars.

2. Credit worthy borrowers should be given cheap, 0 interest loans of this money so that they may invest it in capital. I figure about 7 investors would do.

3. Each of these investors should inject this new capital into North and South America, Europe, Asia, and Africa respectively. A 7th investor should invest in the islands.

With each investor having a continent's worth of new capital, that should fix it all up. They can use their profits to pay off the loan less expenses.

If that doesn't work, we can capitalize the oceans too.
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Old 11-10-2011, 02:51 PM
 
Location: NJ
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i cant wait to pay $10,000 for a roll of toilet paper.
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Old 11-10-2011, 03:17 PM
 
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Originally Posted by CaptainNJ View Post
i cant wait to pay $10,000 for a roll of toilet paper.

And the sad thing is this is exactly what is happening in a diluted form because Wall Street is creating money on their keyboards and buying commodities is what is called "speculating".

Price of Tissue, Toilet Paper And Diaper Products Going Up | digtriad.com
The company, which is based in Dallas, is blaming the increase on, the rising costs of wood pulp and oil.

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Old 11-11-2011, 09:10 AM
 
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Or we could simply fix the economy by addressing our massive trade deficits that has lead to an economy that relies disproportionately on consumer spending and debt to keep it going.
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Old 11-11-2011, 09:22 AM
 
Location: NJ
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Originally Posted by gwynedd1 View Post
And the sad thing is this is exactly what is happening in a diluted form because Wall Street is creating money on their keyboards and buying commodities is what is called "speculating".

Price of Tissue, Toilet Paper And Diaper Products Going Up | digtriad.com
The company, which is based in Dallas, is blaming the increase on, the rising costs of wood pulp and oil.


it is happening, but i believe its because the government is creating money on their keyboards and buying tons of treasuries with it.
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Old 11-11-2011, 10:31 AM
 
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Originally Posted by CaptainNJ View Post
[/indent]it is happening, but i believe its because the government is creating money on their keyboards and buying tons of treasuries with it.

Then you would be wrong. The US gov sells treasuries. They don't buy them. They are purchased by dealers in the Fed system. The US gov isn't weakening the dollar. The Federal Reserve is with 0 interest rates which means banks can create money free on their key boards. This is especially easy after the repeal of Glass-Steagall which allows the union of depository banks and investment banks. Its like me creating my own bank and buying your house with a loan to myself. Banks are creating money, for international speculation. Its really quite simple.
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Old 11-11-2011, 10:39 AM
 
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Originally Posted by fitz99clem View Post
Or we could simply fix the economy by addressing our massive trade deficits that has lead to an economy that relies disproportionately on consumer spending and debt to keep it going.
Many of our trading parters keep buying the pictures of dead presidents. Brazil is probably one of the few currency savvy countries out there. Look into the history of their currency "the real" and you will see why. That is why they use capital controls to stop hot money from entering their country. The US just doesn't allow foreign purchases of hard assets. That is how we do it. Australia seems clueless. Though with Brazil, their problem that it is good defense but not good offense. Other countries may win the currency war and buy up international assets and monopoly power.
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Old 11-11-2011, 10:43 AM
 
Location: NJ
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Originally Posted by gwynedd1 View Post
Then you would be wrong. The US gov sells treasuries. They don't buy them. They are purchased by dealers in the Fed system. The US gov isn't weakening the dollar. The Federal Reserve is with 0 interest rates which means banks can create money free on their key boards.
i believe the federal reserve is a part of the US government and they are the ones buying treasuries with keyboard created money, thus weakening the dollar.
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Old 11-11-2011, 11:02 AM
 
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i believe the federal reserve is a part of the US government and they are the ones buying treasuries with keyboard created money, thus weakening the dollar.

They are not part of da guberment. The Federal Reserve stock is owned by the member banks. Only the appointment of the chairmen has any government oversight. That is like saying a city contract with a company that does garbage collection is part of da guberment. That is very much how it is.

When was the last time da guberment interfered with a single policy? The house, senate, the administration, and the judiciary fight all the time. Never once has this occurred in a meaningful way with Fed policy. Any vetos or new bills? The brilliant idea was to make them independent of politics. That is always sold as its strength. That was what so good about Stalin too. The decision making was independent, efficient and decisive without all the bickering.

"Its not a bug, its a feature. "
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Old 11-11-2011, 11:29 AM
 
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2010 was first year the federal reserve "bought" more bonds than it sold. In effect creating that money. A lot of it.
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