Financial topics

Investments, gold, currencies, surviving after a financial meltdown
aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

aedens wrote:I agree Old in a very large regard but TBTF appears TBTS " to big to survive". Many will regard the struggle of the individual against the central planners as mechanisms we have covered for our regard to GD to underpinnings of construct.
http://www.zerohedge.com/news/lacy-hunt ... d-policies
I alluded to Hume on a few facets and many others as all do to not assert a ideological view but of course as Hume observed and countless others it will not matter. Hume conveyed the problem of induction, and the distinction between fact and value.

"I guess I'm getting old, because this nonsense has passed from amusing to irritating." Nope, denied since you see the world and the actors IMO
Hume built on the framwork of the seen and unseen as did Kopernicus and no he was not allowed to print "timely" as was Hume who was almost executed for an opinion and denied tenure.

Of Morals, appeared in 1740, as well as an anonymous Abstract.
Although other candidates, especially Adam Smith, have occasionally been proposed as the Abstract's author, scholars now agree that it is Hume's work. The Abstract features a clear, succinct account of “one simple argument” concerning causation and the formation of belief. Hume's elegant summary presages his “recasting” of that argument in the first Enquiry. Hume never held an academic post.

In 1526 Kopernicus wrote a study on the value of money, Monetae cudendae ratio. In it he formulated an early iteration of the theory, now called "Gresham's Law," that "bad" (debased) coinage drives "good" (un-debased) coinage out of circulation, 70 years before Gresham. He also formulated a version of quantity theory of money. His work was suppresed as was Sismondi and a few others we have noted. I can reference many works on so called Keynesian economics based back to 980. Walker (1912) cites the political reality in this context even up to Luther's comments on repressionary design of state affairs. I do not like the term Keynesian economics for reference to the nature of economics reality of social interaction in the proper management of scarce resources.
The sad state of affairs can be traced back to the treaty of Verdun and build the thought map from there on political economy. I found it a fulcrum point to look back and forward from that view in my preference alone. I, as many will follow the scope of thought and our age is dimming for the common man some say. No we will have to wait for the people to awake. What will be left as another conveyed to me. Another conversation was summised as now the lesson was seen as the hand of age pressing on the misconceptions I carried for others. It was good to build a view with another to the placing of importances of allocations and at least move them to the center from the grip of those who abandoned Her. I guess the view retained was pressed out since considerations of that party entertained and revolved in taking capital and not utilizing it for others. One day they just seen to find out the hard way what the left always decides at the allocation dinner table. In time I will ask why you sought harm to the plain people and tell them what you see.
Last edited by aedens on Tue Aug 07, 2012 6:00 am, edited 2 times in total.
Marc
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Joined: Mon Aug 09, 2010 10:49 pm

Re: Financial topics

Post by Marc »

aedens wrote:Let me phrase this as bluntly as I can to hopefully nip any further inquiries in the bud:

DO NOT call me asking for a broker referral. The markets are dead and collapsing, and only a complete moron would expose money to the markets, either futures or stocks, at this point.

If you are one of those truly stupid people who is still trading stocks or futures and you get your money stolen, DO NOT CALL OR EMAIL ME whining about it. You're not going to get ANY sympathy. Since MF Global, the situation has been crystal, crystal clear. If you haven't totally exited the financial markets, then you are simply stupid, and there are consequences for being stupid.

Girls who go to frat parties dressed like prostitutes and then drink until they pass out get raped.
:P

I do respect your strong caution here, aedens.

Again, as a Generation-X'er, I guess my philosophy has been to welcome risk to a significant extent — yet, to also practice survival skills in terms of good risk management.

My recommendations for those who still dabble in the securities markets is to either stick with bags of long-term solid-as-possible securities or to engage in prudent tactics for very- or ultra-short-term trading (with a few exceptions here and there). This absolutely includes using prudent derivatives to protect trades, as well as knowing how to navigate the short-sell landscape. The truly foolish or improvident shouldn't be doing it, but even novices, with some discipline and good mentoring, may be missing market opportunities by staying out, I humbly feel — that is, if they generally engage in their own securities selections, and, more often than not, just ditch the broker. But again, there is no doubt that we've entered once-in-a-lifetime super-volatile markets, rife with nasty surprises and leavened with mischief. Yes, you gotta be careful out there, or else!!

Thanks for sharing! —Best regards, Marc
aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

That was and is the advise from Ann, I seen it and tossed it up. Got delayed from numerous to do things.
Marc
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Re: Financial topics

Post by Marc »

I'm a big Ann Barnhardt fan as well, aedens; I love her "lay-it-on-the-line" prose regarding the financial world, similar to how John makes my day here :) Thanks again! —Best regards, Marc
Last edited by Marc on Thu Aug 02, 2012 9:31 pm, edited 1 time in total.
aedens
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Re: Financial topics

Post by aedens »

Marc wrote:i'm a big Ann Barnhardt fan as well, aedens; I love her "lay-it-on-the-line" prose regarding the financial world, similar to how John makes my day here :) Thanks again! —Best regards, Marc
http://generationaldynamics.com/forum/v ... ann#p10744

The root we covered here. Also, Reg T needs to be amended yesterday to moderate reality and we did see some coordination IMO. The rest is vanity.
Prior to the 14th century vanity did not have such narcissistic undertones, and merely meant futility.

Margin, and we as many said do not be that guy. The policy direction has been confirmed from there own crypt keepers in the fed.
Forever we stated what they are after and how they are after it. Red or Blue makes no difference at all which is stone cold fact.
Marc
Posts: 263
Joined: Mon Aug 09, 2010 10:49 pm

Re: Financial topics

Post by Marc »

aedens wrote:
Marc wrote:I'm a big Ann Barnhardt fan as well, aedens; I love her "lay-it-on-the-line" prose regarding the financial world, similar to how John makes my day here :) Thanks again! —Best regards, Marc
http://generationaldynamics.com/forum/v ... ann#p10744

The root we covered here. Also, Reg T needs to be amended yesterday to moderate reality and we did see some coordination IMO. The rest is vanity.
Prior to the 14th century vanity did not have such narcissistic undertones, and merely meant futility.

Margin and we as many said do not be that guy.
I really agree with what you have to say regarding the SEC's Regulation T. There are some "safe" things that could be allowed 100 percent margin as a convenience tool; on the other side of the coin, there are other securities transactions in which a safe margin amount would be rather small or maybe no margin at all. Situational financial risk management, in other words. And, you're really correct in regards to the interconnectivity of securities risk out there; it is something that even the most "basic" trader needs to be aware of and coordinate for (which can justify certain types of "derivatives on top of derivatives" for underlying protection in a prudent-as-possible way, in my humble opinion).

Finally, isn't it funny how the early modern era seemed to bring such linguistic changes to the English language — our medieval ancestors wouldn't believe some of the word changes that have come about (although I understand that the F-word has been going strong since at least the 12th century, and even back then, it was first found written in code! :) ) —Best regards/Cheers, Marc
aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

Evidence from public opinion polls and corporate bond markets shows that FDR’s policies prevented a robust recovery of long-term private investment by significantly reducing investors’ confidence in the durability of private property rights. Not until the New Deal/war economy ended and resources became available for peacetime production did private investment—and the nation’s economic health—fully recover.
If they take the nickel now its over. Inflection point for me is here albeit somewhat early.
Last edited by aedens on Tue Aug 07, 2012 6:00 am, edited 1 time in total.
Higgenbotham
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Re: Financial topics

Post by Higgenbotham »

Regarding the Ann Barnhardt rant(s), I think Marc Faber laid out a decent strategy in the video I posted where he cautions against doing too much of anything.

I happen to know a trader who had ALL his money in an MF Global account. What he got back was automatically transferred to PFG by the CFTC!!! Can you believe it??? Whereupon, he lost almost all of his remaining money.

I've always said regarding futures accounts, put no more than single digit percentages of your net worth into futures accounts. And the above is the reason and has been the reason for a long time before MF Global blew up. The risk has been there for a long time lying dormant. After all, how long did the PFG fraud remain hidden?

There is nothing out there that is completely safe in this environment and putting large percentages of savings into anything is risky. I could just as easily envision a situation where all US Treasury debt receives an across the board haircut, while segregated futures account cash balances remain exempt from any haircut. The irony in that one would be that many investors may believe at this point that if they put their futures account balances in t-bills that will keep them protected from fraud.

I've also cautioned people against too much "mattress money" because you never know if the government will recall the currency and require that you take any notes you want redeemed to a designated bank to exchange them for new currency. And in the bank you may find a friendly government rep tabulating transactions by SS number who will register anyone who has more than X amount of total currency exchanged for "further investigation".
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

http://generationaldynamics.com/forum/v ... 4234#p4234
More than $2 billion in California taxpayer money has apparently been stashed in hundreds of special funds unaccounted for by the state Department of Finance, a newspaper reported on Friday.
Last edited by aedens on Tue Aug 07, 2012 6:01 am, edited 1 time in total.
Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

aedens wrote:And the voters deserve all you conveyed H
Oh, it's kinda like someone saying, "Hey, make sure you read the article Custom Built Pathogens Raise Bioterror Fears." Just goes in one ear and out the other. The potential pitfalls are only limited by the imagination, and they've infected everything.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
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