Search found 7488 matches
- Sun Jan 04, 2009 8:58 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Financial topics
Well, this question of negative interest rates is being addressed this weekend. President of the Chicago Fed says below zero rates are not possible. Wonder what he means by that, if he's referring to fed funds or otherwise. Fed funds are the first layer of bank reserves, referred to as primary reser...
- Sun Jan 04, 2009 7:40 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Treasury Bills/Federal Reserve Notes
Somehow this discussion of Federal Reserve Notes and Treasury Bills seemed to be a rehash of a previous discussion on this forum. In fact it was previously discussed under the topic of "Defensive Interpretation of Generational Dynamics" in October. http://generationaldynamics.com/forum/viewtopic.php...
- Sat Jan 03, 2009 12:31 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Financial topics
> I should mention that this situation is vastly different from that > in the 1930s where the Federal Reserve Notes were backed by gold > and since it is impossible for gold to default, it was impossible > for Federal Reserve Notes to lose value in the marketplace unless > the government came in an...
- Fri Jan 02, 2009 2:40 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Safe Money
US government default So can you explain how the US government CAN default when our debt is in dollars, which are backed by nothing and we can print any quantity of dollars we want at any time? The Fed just printed $2 trillion worth in the last 6 months, with no transparency at all . Congress just ...
- Fri Jan 02, 2009 2:04 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Safe Money
US government default I'm not sure I'm smart enough to follow that interview you posted about. Here's one quote from the interview: "It’s stupid for people to hold currency. The Fed can simply print all they want at very low cost. Paper money is as abundant as leaves on trees" I'm not sure how that...
- Thu Jan 01, 2009 8:48 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Safe Money
I've been researching this topic some more and reviewing some of the past articles I've read that touch on this subject. The quote below is from a 1991 interview with John Exter where he discusses the sort of thing we've been discussing here with regard to treasury bills vs cash (Federal Reserve Not...
- Thu Jan 01, 2009 4:35 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Where to keep your money today
Let's look at some of the options: Cash. This is by far the best choice for most people. If you live in a house with a basement, you should find a way to bury some cash there. Or in your mattress. Otherwise, an FDIC insured bank account is probably the best choice, but keep an eye on events, and be...
- Tue Dec 16, 2008 7:32 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Financial topics
I agree with this analysis, but it still never ceases to baffle me. Krugman and Roubini get everything wrong, and yet each error seems to make them even more respected. How can that possibly be? But this is why there HAS to be a big generational stock market crash. People will go on believing the K...
- Mon Dec 15, 2008 4:08 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29822
- Views: 15891449
Re: Financial topics
My point isn't so much to blow my own horn, but to back up what John said about Roubini. Roubini was years behind laymen like me and I was reading about a lot of this stuff before I started writing about it... Japan spent its government out of its credit rating and it had the US bubble to prop it a...
- Mon Dec 15, 2008 12:19 am
- Forum: Finance and Investments
- Topic: Bailouts - Medicine or Poison?
- Replies: 4
- Views: 4955
Re: Bailouts - Medicine or Poison?
This is my guess about bailouts. Bailouts allow money losing enterprises to keep losing money, while bailouts prevent money making enterprises from being established. The net result is that everyone gets poorer on average. Take the car business. GM's car manufacturing has been a money losing busines...