Financial topics

[aedens]

http://www.scribd.com/doc/116293469/Kee ... rom-1930-s tyler

Review on 33 and 37 and as we noted and 73 was on with nickel grass as iron dome.
37 was the propery rights issue and the route to confusion since trust was shattered on many facets for berivity.
This was well documented as the three levels of lesser naive firms and scale we discussed at length.
The hand scanners are ready to go from what I have seen of course for security reasons of crisis.
Already noted the projected peak date anticipated for a lack of a better word anti reality.

As RC noted in contextual consideration 40 Billion a month pump from Benny and the inkjets 1983 thesis
I would posit as smoothing the 37 demographic unwind as Steve notes in the paper we have been
anticipating for a lack of a better GD term for some time. I think we understand here as others also the low is
going to be one hell of a thing to grasp for others. I seen a few ticks on some equity and I attribute this
to the political economy since as we noted the beta sort has already been turned.

[Higgenbotham]

The hand scanners are ready to go from what I have seen of course for security reasons of crisis.

Wouldn't surprise me.

Already noted the projected peak date anticipated for a lack of a better word anti reality.

Yes, looks more likely than not. The first 40 billion appears to be levitating it.

[aedens]

“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” – Sir Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be the 2nd wealthiest man in England at that time.

[Reality Check]

Under a dollar reorganization, how would an existing electronic bond, note or bill under direct ownership by an individual US citizen be treated? You mentioned above that, "By federal law U.S. government debt re-paid to U.S. citizens is paid exclusively in new "safe electronic dollars"." I assume this means upon maturity, the US citizen owner of the bond, note, or bill receives electronic dollars and cannot buy another US Treasury instrument? If the intent is to reduce the debt in this manner by converting it to electronic dollars, that could be problematic because it converts long term dollars that are locked up into dollars that can be spent immediately, and could cause asset bubbles or inflation.

Sometimes the best way to answer a question, is with a different question ( or several ).

Why did Franklin D. Roosevelt make it illegal for United States citizens to own Gold ?

Answer: to decrease, on a massive scale, the ratio of U.S. dollars which could be exchanged for a huge, but limited, supply of U.S. Gold.

What was the practical effect of this?

There were really two U.S. currencies, one used to purchase goods overseas which was backed by U.S. Gold;
the second was used to purchase things in the United States and was not backed by U.S. Gold. This continued from the 1930s until the Gold standard for the U.S. dollar was finally abolished in 1971.

After gold ownership in the United States by anyone other than the U.S. government was abolished in the 1930s, the money supply used within the United States could be increased without impacting the ratio of overseas dollars to U.S. Gold. Making the U.S. dollar the strongest international trading currency in the world.

The speculative scenario is similar in the sense that it creates two truly separate money supplies ( but it uses modern technology to make it possible). One currency can be used only to buy and sell goods within the United States, and, given that it exists only in computers, can not be carried out of the country, this is the speculative new "electronic safe dollars". This currency is not backed up by the Federal Reserve and printing more of the "electronic safe dollars" does not impact the Federal Reserve Balance sheet in any way. The supply of this currency can be expanded to stimulate the U.S. economy without impacting the ratio of Federal Reserve Notes to Assets ( Treasuries, MBS and Gold ) held by the FED.

The other, currency, the Federal Reserve Notes we all carry in our wallets, can be used to purchase goods and assets within the United States or Overseas. However, deficit spending in the United States for building roads in the U.S., or health care in the U.S., or unemployment benefits for U.S. citizens can be done with "electronic safe dollars" as easily as Federal Reserve Dollars.

The question as to how the speculative scenario will impact U.S. Debt and how it will change the impact ( or avoid ) the ongoing explosion of debt owed to foreign countries will be addressed later.

[aedens]

http://www.cboe.com/publish/MonthlyVolu ... chment.xls

RC we have consistantly warned on the sheep pens. They will not listen.
http://www.bloomberg.com/news/2011-07-2 ... efeat.html

When the query begins on investor equity it is already been answered...

Among the most prominent financial-industry rules still under construction is the Volcker rule to restrict banks from trading with their own money
potentially https://www.jdsupra.com/law-news/securi ... ndangering depositors.
The SEC is writing this Dodd-Frank Act rule along with four other regulators.
We discussed at length "no man" status of definition to claim on equity. The political kill switch called MF was just that, kill switch.

As they noted a deliberate shift in investor attitudes towards how best to diversify the asset mix with an eye towards generating risk-adjusted
returns has been underway. What people have failed to garner is that FDR was the culmination of a sovereign to commercial statutes. From the second your naked person arrives on the planet you are titled. The flaw in the logic is when entitled as public lays a claim to the private capital base. Attitudes may change but the realism never does. This is the event of a structured implosion.

This should sound familiar from the preceding paragraph.
First year compliance costs for companies covered by the Conflict Minerals Rules are estimated by the SEC to be as high as $4 billion. In view of these costs and for other reasons, it is incumbent upon companies to be as efficient as possible when designing their response to the rules. To assist companies
with this process, this article discusses some of the initial steps a company should take to prepare for filing its first Form SD.

The period we studied from 33 to 37 was another transitory period if you wish to acept this or not is your problem to rebalance Statist and Commercial
interests. Point Blank there is no free market or has been, just less free which in itself is not all bad in some regard. Locally in 1996 dollars it was >250K when the local legal macro parasites issued documentations to capital seizures. If the capital structure was not structered you lost it, or close the door.
I closed the door since it was IRS coded real property for yearly depreciation cost basis so they had no claim locally of over 25k. I waited for the local DA to serve, showed the Judge the documentation and put the closed sign on the Business early by a few years in that sector. This was the fact for me to go digital which was done until I had enough of it. Recovery in my opinion is denied but this is a sectorial only discussion from this point forward.

Ask you neighbors what is happening and you will find out in 30 seconds or less what is.
I think a decision has been made in China - tit for tat. If the U.S. topples Iran (a very important economic partner of China), China will destablize Japan.
quid pro quo. This is the obvious message except idiots like Hillary Clinton run the U.S. Department of State, and anyone who disagrees with Obama or Hilary is run out of the military high command, so I am not sure if the idiots in Washington are getting this message clearly.
So I will spell it out for them. China is saying, "What the U.S. does to Iran. We do the same to Japan."
China in Japans air space is clear.

[gerald]

An interesting six minute video -- Financial Crisis Europe and the US -- created for ECON 5501 at UMKC

http://www.youtube.com/watch?feature=pl ... L9YET2gg0k

from http://www.zerohedge.com/news/2012-12-1 ... -star-wars

[Reality Check]

The hand scanners are ready to go from what I have seen of course for security reasons of crisis.

Wouldn't surprise me.

I have to ask. What is the hand scanner reference from ?

[Reality Check]

http://www.scribd.com/doc/116293469/Kee ... rom-1930-s

Interesting paper.

Professor Steve Keen appears to be making the point that it is the Private Debt stupid, and that the Obama stimulus, using government deficit spending, was exactly the correct thing, and we need more of it, not less.

He notes correctly that U.S. Private Debt is bigger than Government Debt in both 1929 and in 2007.

He does note, correctly, that the Great Depression Private Debt bubble, created prior to 1929, did finally deflate in the 1940s during the World War II massive manufacturing boom, with the manufacturing boom being funded by U.S. government deficit spending.

He also notes, correctly, the Private Debt bubble has not deflated after 2007 except for a very minor drop in total Private Debt between June 2009 and June 2011 after which the Private Debt has remained flat.

He notes correctly that U.S. Government deficit spending was greater in the period 1938 to 1945 than it was in the period of 1929 to 1937. At the end of the peiod of 1938 to 1945 the U.S. Government Debt exceeded 100% of GDP and the Private Debt Bubble deflated without throwing the United States into Recession.

Professor Steve Keen fails to note:

He failed to show on his graphs that the percentage drop in the 1930s of the private debt market was in the range of only -7% to -8% ( at it's worse ) versus the -20% shown on his 2007 to 2012 graphs, undermining the entire point of his paper. Professor Keen, for some unexplained reason, simply omitted the percentage labels from the 1930s graph but included them on the corresponding 2007 - 2012 graph.

That even though U.S. Government debt has already reached the 100% of GDP professor lauded as having solved the problem with the Great Depression, the unwinding of the Private Debt bubble, that occurred during the 1940s did not occur during the massive Obama Stimulus. The Obama Stimulus has already pushed the U.S. Government Debt ( Excluding guarantees to the GSEs and excluding guarantees to individual bank and money market accounts ) above 100% of GDP.

Both the Private Debt and the Government Debt were much larger, as a percent of GDP, in 2007 than in 1929 ( again as a percentage of GDP ).

That while U.S. Government Debt is still smaller than Private Debt in 2007, U.S. Government Debt is much larger, relative to Private Debt, in 2007.

That Private Financial Sector Debt is more than 2.5 Times Larger, as a percentage of total Debt, in 2007 than 1929.

That GSE Agency Debt did not exist in 1929 and GSE Agency Asset Guarantees by the U.S. Government effectively make the guarantees additional Government Debt to the extent the GSE Agency Assets are worth less than face value.

That all mortgage Debt is carried as Private Debt regardless if the U.S. Government Insures the Debt or if it is a risk of the Private Sector.

That in 2007 the personal ( individual ) household debt was larger than the Private Corporate Debt and the Private Financial Services Debt combined, indicating just how important Mortgages and other Personal Assets used to back up Securitized Debt are in the ongoing 2007 to 2012 financial crisis.

That the U.S. Federal Reserve has been printing Trillions of dollars and investing a substantial portion of that in the secondary Mortgage market of agency insured mortgages thus propping up both the sales price of real estate and the Mortgage backed securities market to avoid the Private Debt deflation that would otherwise result from write downs to market value of Real Estate backed loans and Real Estate backed securities ( such as MBS ).

This graph helps put some of the failures in perspective:

*** The Below Graph does Omit the Approximately Five ( 5 ) Trillion in Social Security and Other Trust Debt Not Traded on Debt Markets ***

[aedens]

Something from met d you will never understand RC.
Here is a tip from ICP as the iraqi's come over the hill.

You don't know terrible...you will
once the iraqes come over the hill!!

In the eighties the lebanese sawed off shotgunned the street evil ones to submission.
Cut them in half and no one seen a thing as the carnage was removed.
Just as memphis you called a white card for the statist cleaners. The media are owned
to placate the idiot voters.
Do you think they sent them here to plant flowers RC.
Our 5 districts paid for them to be unleashed for a generation
paid on your dime and the Feds dumped countless thousands here.
When the time comes the rifd are for the so called chosen ones. Who are the terrible ones.
Those who see, or live it, no the ones who profit in it? Bing will drop in local barneys as we did to give the
blind a view and Hope. Time capsual from met d in the ninty's. You need to understand culture even if you do
like it. The rfid industry has 528 million invested last time i checked so that is old data
https://www.youtube.com/watch?v=_Ud1ETRmqtc
Like I said the kids answer the door with a 9 milli so be nice in Michigan.
We gathered the facts. If you depend on FEMA your dead. Its for them.
We had two who they left in the street last year, one hurt a little girl, the other was dealer.
This precluded guilty verdict for there actions. City's in decline are what they are. No one has ever came to my
door and left with out a meal and a prayer. When we ate it was afer the animals, Veterens are Sir, no matter what age
and we are losing some damn fine lately from father time so we are the watchers. If you are not you are bad thing.
I will pay taxes to a evil bastard if he helps the defenseless and kills evil bastards. Give to your church, give to your neighbors.
As for the Vote herders I am unsure on there eternal fate at times but that us just me.

[aedens]

Yea we have been on this forum topic on Keene a very long time and H, and O will remember this since O noted that we had to change views on the
back wall we seen it then. we followed "Dr. Keen" the data as does Dr. Koo since are both are worth a long serious read when you get time RC as we have done to preserve capital. It was left at hard rain then and I follow Rosey also since he means very well as many others. To be blunt this summer should reshape my view and I hung out a first or second week of feb for my view on a dated view on stock straddles I trend with beta regression.
http://chartistfriendfrompittsburgh.blogspot.com/
I still think second derivitive notes as latent realities but we all keep a data view formost to keep us balanced. As they say it the thought of the driven for tomorrows tape. Do we get it spot on? We have, are we off, yes it happens and we understand the mechanics of why.
We do not have a narrow view here at all and yes we are hard to follow. IMO, Peace if it can be found.
Currently reading and watching the cliff dwellers once a week if that. Money in misery so we assumed off we go since the demos get more money
and no acountability to what both spend anyway.