Financial topics

Investments, gold, currencies, surviving after a financial meltdown
Higgenbotham
Posts: 7996
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Reality Check wrote:
Higgenbotham wrote: Banks are primarily in the business of lending money...
Banks are primarily in the business of loaning money...
Banks are primarily in the business of lending money...
Banks are primarily in the business of lending money...
No.

Regardless of how many times your repeat it,
There are a large number of sources that are confirming my previous statement, but I didn't quote all of them. In the interests of conserving space, I'll continue to quote the St Louis Fed:
St Louis Fed wrote wrote:Banks are primarily in the business of borrowing money, mainly through deposits, and lending that money.
http://www.stlouisfed.org/col/director/ ... onents.htm
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aedens
Posts: 5211
Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

I find it ironic H that the Banks plan better then the people responsible for the day to day operations of the Republic. My read is since 1983 they knew the day would come when major shock would entail the threat of deflation since Fisher basically called them to task on the so called scientific method.
Well that time is here and a victim who lost it all called them out as a citizen. Basically he said they are every where else but where they should be on all levels. Minding there own business and policy reflects the next press release on how bad these people have it. We alluded to smell the coffee test and it is here. These parasites who think this will go on forever are plain wrong and the last people working know it but these educated idiots are killing us saving the planet elsewhere lead around by the nose by interest that have nothing to do with the republic. People know this point blank and these poll players will be found out what they are. People know point blank Washington blew it and they cannot be trusted with our money. The demographics do not lie on how few are being told to do more for those who do even pretend to think that you are the problem and your sole duty is to be taxed to extinction for agenda's that are bleeding us to extinction. From the interviews I have been seeing they know they have been fucked over by coke and pepsi and of course from the best practices since countless trillions are spent on other idiots. It is time for change and blue or red can politicians better wise up.
Higgenbotham
Posts: 7996
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Reality Check wrote:
Higgenbotham wrote: Banks are primarily in the business of making private sector loans.
No.
Original Statement:
Higgenbotham wrote:Banks are primarily in the business of making private sector loans and when loan demand falls, banks have historically gotten smaller or gone out of business. There have been occasional strong attempts to resist the natural forces of falling loan demand. The strongest attempt I know of was that leading to the collapse of the Peruzzi and the Bardi in 1346. At that time, the Florentine bankers consolidated banks, established derivatives based trading businesses, and bankrupted countries in order to try to stay afloat. But the bottom line still seems to be that once private sector loan demand falls after a bubble bursts, banks are going to get smaller in the end and the only question is what road will be taken, the easier road or the harder road. In this case, it appears the harder road has been chosen, similar to the road that led to the collapse of the Bardi.
Corroboration of the first 11 words of that statement:
St Louis Fed wrote wrote:Banks are primarily in the business of borrowing money, mainly through deposits, and lending that money.
http://www.stlouisfed.org/col/director/ ... onents.htm

Definition of PRIMARILY
1: for the most part : chiefly <has now become primarily a residential town — S. P. B. Mais>
2: in the first place : originally

Related to PRIMARILY
Synonyms: firstly, initially, originally

http://www.merriam-webster.com/dictionary/primarily

The first 11 words of the original statement are clear and true. There is no basis upon which to dispute them.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
OLD1953
Posts: 946
Joined: Tue Aug 11, 2009 11:16 pm

Re: Financial topics

Post by OLD1953 »

aedens wrote:I find it ironic H that the Banks plan better then the people responsible for the day to day operations of the Republic. My read is since 1983 they knew the day would come when major shock would entail the threat of deflation since Fisher basically called them to task on the so called scientific method.
Well that time is here and a victim who lost it all called them out as a citizen. Basically he said they are every where else but where they should be on all levels. Minding there own business and policy reflects the next press release on how bad these people have it. We alluded to smell the coffee test and it is here. These parasites who think this will go on forever are plain wrong and the last people working know it but these educated idiots are killing us saving the planet elsewhere lead around by the nose by interest that have nothing to do with the republic. People know this point blank and these poll players will be found out what they are. People know point blank Washington blew it and they cannot be trusted with our money. The demographics do not lie on how few are being told to do more for those who do even pretend to think that you are the problem and your sole duty is to be taxed to extinction for agenda's that are bleeding us to extinction. From the interviews I have been seeing they know they have been fucked over by coke and pepsi and of course from the best practices since countless trillions are spent on other idiots. It is time for change and blue or red can politicians better wise up.
I simply find it ridiculous that the state attorney of New York has to be the one dragging them into court. The bank regulators should be the ones doing it, and they are turning a blind eye. Perhaps the suits from NY and abroad will shame them into doing their duty. I hope so, but I'm not going to hold my breath.

The greatest single weakness of the corporation has been the belief that they can become so entrenched as an institution that government and citizens will leap to their defense when they err. This has been an ongoing problem since the development of such large organizations coalesced into the modern form ca. 1600.

I notice Groupon has gone to crap. Seriously, this is all way dated.

http://articles.chicagotribune.com/2012 ... n-getaways

Tell you what, lets all form a business modeled after a new coupon idea. We'll drive it by simply putting up those one minute video ads, with a twist. We'll download a one shot number that can be read by our little kiosk gimmick off your cell phone. You watch the video, and you get a number. If you can answer a simple question about the video correctly, you get a better number for a bigger discount. Make the kiosks cheap and easy to hook into your regular cash register, and hard to mess with by locking down everything with encryption or in hardware, and you've got a winner, IMHO. Think it would go over?
Higgenbotham
Posts: 7996
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

aedens wrote:I find it ironic H that the Banks plan better then the people responsible for the day to day operations of the Republic. My read is since 1983 they knew the day would come when major shock would entail the threat of deflation since Fisher basically called them to task on the so called scientific method.
Well that time is here and a victim who lost it all called them out as a citizen. Basically he said they are every where else but where they should be on all levels. Minding there own business and policy reflects the next press release on how bad these people have it. We alluded to smell the coffee test and it is here. These parasites who think this will go on forever are plain wrong and the last people working know it but these educated idiots are killing us saving the planet elsewhere lead around by the nose by interest that have nothing to do with the republic. People know this point blank and these poll players will be found out what they are. People know point blank Washington blew it and they cannot be trusted with our money. The demographics do not lie on how few are being told to do more for those who do even pretend to think that you are the problem and your sole duty is to be taxed to extinction for agenda's that are bleeding us to extinction. From the interviews I have been seeing they know they have been fucked over by coke and pepsi and of course from the best practices since countless trillions are spent on other idiots. It is time for change and blue or red can politicians better wise up.
"These parasites who think this will go on forever are plain wrong."
William Playfair wrote:As in the hall, in which there has been a sumptuous banquet, we perceive the fragments of a feast now become prey to beggars and banditti; if in some instances, the spectacle is less wretched and disgusting; it is, because the banquet is not entirely over, and the guests have not all yet risen from the table.
William Playfair
An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations
1805

http://books.google.com/books?id=MLvIAA ... &q&f=false

I quoted this a few times about a year ago when it appeared to me that the world had passed the point of no return and was heading into a Dark Age. There's nothing I can see that's been done since to alter that course. The hard road has been chosen.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 7996
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Despite Apple having a largely successful year thus far in 2012, their continued battle with Samsung in the smartphone market has encouraged them to invest record amounts in research & development this year.

It appears that Apple have invested a whopping $3.4 billion on research and development during 2012. That represents growth of around $1 billion on their 2011 figures.

During the same period, the Apple staff levels have swelled by 13,000, many of which are employed in their 400 stores around the world.

Of course, Apple can well afford to bump up spending on R&D. They are currently sitting on $121 billion in cash. This is up $40 billion from the end of the 2011 fiscal period, and more than double their 2010 figure.
http://technorati.com/business/article/ ... ng-by-1bn/
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 7996
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Reality Check wrote:
No.

Regardless of how many times your repeat it,

Banks are primarily in the business of making profits...
Census Bureau wrote:How can I determine the correct NAICS code for my business?

1.You can use the search feature at http://www.census.gov/naics. In the "2012 NAICS Search" box on the left side of that page, enter a keyword that describes your kind of business. A list of primary business activities containing that keyword and the corresponding NAICS codes will appear. Choose the one that most closely corresponds to your primary business activity, or refine your search to obtain other choices.
http://www.census.gov/eos/www/naics/faqs/faqs.html
Census Bureau wrote:2012 NAICS Definition
T = Canadian, Mexican, and United States industries are comparable.

522110 Commercial Banking
This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans.
http://www.census.gov/cgi-bin/sssd/naic ... earch=2012
Citigroup Inc.
399 Park Avenue , New York, NY, 10022, United States
http://www.citigroup.com
Phone: 1-212-559-1000
Revenue: $69,173M Industry: Banks
Employees: 261,000 SIC: Commercial Banks (6020)
NAICS: Commercial Banking (522110)
http://www.insideview.com/directory/citigroup-inc
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aedens
Posts: 5211
Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

For those who passed smell the coffee test and stocked up with water, wheat and weather in mind first
I hope you fare well with the times ahead. We are the crazy's who think...
I was checking most fail list. Just ask the wife to update it for you....
best of the day " if you bought shares of Facebook, you're way too stupid to deserve any of that money in the first place."
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reviresco
Posts: 16
Joined: Wed Mar 04, 2009 12:49 pm

Re: Financial topics

Post by reviresco »

A bit of advice on Tuesdays Choice from the Democracy of the Dead

http://tylerdoughurst.wordpress.com/201 ... -the-dead/

On a visit by the Fabian George Bernard Shaw and Lady Astor to the Kremlin, as relayed by Sir Winston Churchill in “Great Contemporaries” copyright 1937:

It must have been with some trepidation that the chiefs of the Union of Socialist Soviet Republics awaited the arrival in their grim domains of a merry harlequinade. The Russians have always been fond of circuses and traveling shows. Since they had imprisoned, shot or starved most of their best comedians, their visitors might fill for a space a noticeable void....So the crowds were marshaled. Multitudes of well drilled demonstrators were served out with their red scarves and flags. The massed bands blared....How important for our public figures to probe for themselves the truth about Russia: to find out by personal test how the Five Year Plan was working. How necessary to know whether Communism is really better than Capitalism, and how the broad masses of the Russian people fare in ‘life, liberty, and the pursuit of happiness’ under the new regime....Here we have a system whose social achievements crowd five or six persons in a single room; whose wages hardly compare in purchasing power with the British dole; where life is unsafe; where liberty is unknown; where grace and culture are dying; and where armaments and preparation for war are rife. Here is a land where God is blasphemed, and man plunged in this worlds misery, is denied the hope of mercy on both sides of the grave....here we have a power actively and ceaselessly engaged in trying to overturn existing civilizations by stealth, by propaganda, and when it dares, by bloody force....

And, in a chapter about Leon Trotsky from the same book:

....And when at last the Communist regime for which he had striven with might and main was established throughout the whole of Russia, when the Dictatorship of the Proletariat was supreme, when the New Order of Society had passed from visions into reality, when the hateful culture and traditions of the individualist period had been eradicated, when the Secret police had become the servants of the Third International, when in a word his Utopia had been achieved he was still discontented. He still fumed and growled, snarled, bit and plotted.

He had raised the poor against the rich. He had raised the penniless against the poor. He had raised the criminal against the penniless. All had fallen out as he had willed. But nevertheless the vices of human society required, it seemed, new scourging’s. In the deepest depth he sought with desperate energy for a deeper. But-poor wretch- he had reached rock-bottom. Nothing lower than the Communist criminal class could be found. In vain he turned his gaze upon the wild beasts. The apes could not appreciate his eloquence. He could not mobilize the wolves, whose numbers had so notably increased during his administration.... So the criminals he had installed stood together, and put him outside....

....Communism is not only a creed. It is a plan of campaign. A Communist is not only the holder of certain opinions; he is the pledged adept of a well-thought-out means of enforcing them. The anatomy of discontent and revolution has been studied in every phase and aspect, and a veritable drill book prepared in a scientific spirit for subverting all existing institutions. The method of enforcement is as much a part of the Communist faith as the doctrine itself. At first the time-honored principles of Liberalism and Democracy are invoked to shelter the infant organism. Free speech, the right of public meeting, every form of lawful political agitation and constitutional right are paraded and asserted. Alliance is sought with every popular movement towards the left. The creation of a mild Liberal or Socialist regime in some period of convulsion is the first milestone. But no sooner has this been created that it is to be overthrown. Woes and scarcity resulting from confusion must be exploited. Collisions, if possible attended with bloodshed, are to be arranged between the agents of the New Government and the working people. Martyrs are to be manufactured. An apologetic attitude in the rulers should be turned to profit. Pacific propaganda may be made the mask of hatreds never before manifested among men. No faith need be, indeed may be, kept with non-communists. Every act of goodwill, of tolerance, of conciliation, of mercy, of magnanimity on the part of Governments or Statesmen is to be utilized for their ruin. Then when the time is ripe and the moment opportune, every form of lethal violence from mob revolt to private assassination must be used without stint or compunction.... The citadel will be stormed under the banners of Liberty and Democracy; and once the apparatus of power is in the hands of the Brotherhood, all opposition, all contrary opinions must be extinguished by death. Democracy is but a tool to be used and afterwards broken; Liberty but a sentimental folly unworthy of the logician. The absolute rule of a self-chosen priesthood according to the dogmas it has learned by rote is to be imposed upon mankind without mitigation progressively for ever. All this, set out in prosy text-books, written also in blood in the history of several powerful nations, is the Communists faith and purpose. To be forewarned should be to be forearmed!
OLD1953
Posts: 946
Joined: Tue Aug 11, 2009 11:16 pm

Re: Financial topics

Post by OLD1953 »

Given the current course of politics in the US, classic Leninism is the least of my worries. The probability of that happening is about nil. That it is being used constantly as a scare image, similiar to the way it was used in Central and Southern Europe in the 20's, doesn't have anything to do with the actual political trends in the country. Communists don't bail out banks or corporations, they execute bankers and corporate officers, appropriate the funds and companies in the name of the state, and keep the profits for the party.
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