[patience]

I dunno whether a gold standard would fix it or not. I'm sure that the root of the problem we have now is fractional reserve banking, that is, allowing banks to "create money" out of thin air. Wars have been fought, and heads of state assassinated over allowing them to do this, or not.

[Homesteader]

I agree that fractional banking is a root cause.

Great thread by the way. Thanks to all the posters for their thoughts.

[mkwin]

$this->bbcode_second_pass_quote('', 'A') derivative is an insurance claim for a term to pay if something happens. It gives you an income stream.

[mkwin]

$this->bbcode_second_pass_quote('Homesteader', 'I') agree that fractional banking is a root cause.

[Homesteader]

$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('Homesteader', 'I') agree that fractional banking is a root cause.

[sjn]

$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('Homesteader', 'I') agree that fractional banking is a root cause.

[mmasters]

Great time to buy commodities. I personally found the article saying how the collapse of bear was a sign of the bottom entertaining.

Anyhow I think the real question here is how long will the fed continue to prop up the US economy and or how long will the world's central banks continue to prop up the fed. Any break in this daisy chain support structure will lead to a global meltdown with the US at the epicenter.

[mmasters]

I know it sounds dramatic but people should use their brains on this more and better understand the fallout potential of this thing. It's very easy to fall a victim to a global meltdown.

[shortonoil]

smallpoxgirl said:
$this->bbcode_second_pass_quote('', '
')Yeah, except that if that happened, the money men would have no-one left to fleece. If it got bad enough, the butchers might even riot and burn down some of the money men's mansions. They won't let that happen. They will engineer some massively expensive government bailout so they get billions and we the taxpayers get to pay it off. That's what always happens.

[shortonoil]

mkwin said:

$this->bbcode_second_pass_quote('', 'A') derivative is a contract for difference there are no income streams for contracts for differences.

[DantesPeak]

$this->bbcode_second_pass_quote('mmasters', 'G')reat time to buy commodities. I personally found the article saying how the collapse of bear was a sign of the bottom entertaining.

Anyhow I think the real question here is how long will the fed continue to prop up the US economy and or how long will the world's central banks continue to prop up the fed. Any break in this daisy chain support structure will lead to a global meltdown with the US at the epicenter.

[smallpoxgirl]

$this->bbcode_second_pass_quote('shortonoil', 'I')f you believe the PTB are capable of doing what you say, apparently you have much more respect for their abilities than I do. If you are right, they must therefore be more intelligent than we are; perhaps they are a superior segment of the species? Maybe we should be bowing down to them, and be grateful they haven’t had us all zapped into oblivion!

[shortonoil]

DantesPeak said:

$this->bbcode_second_pass_quote('', 'S')till the Gulf Cooperation Council recently decided, among others, that they are more or less still supporting the dollar and preventing the dollar from losing its value too rapidly.

[newman1979]

The Middle East oil goes to many countries besides the US. As those countries that have already shifted from the dollar prosper, it will put pressure on the others to go to a basket approach to protect their economies from inflation. Many Middle East countries do not have as many options to fight inflation due, in part, to religious principles. Many countries blame the US for increasing their domestic inflation, so the US has lost some of its influence in their decision matrix. As China has increased its Middle East purchases, its influence grows.

[mkwin]

$this->bbcode_second_pass_quote('shortonoil', '[')b]mkwin said:

$this->bbcode_second_pass_quote('', 'A') derivative is a contract for difference there are no income streams for contracts for differences.

[mkwin]

$this->bbcode_second_pass_quote('Homesteader', '
')
So what mechanism allowed Greenspan to flood the world with dollars?

Certainly the standard of living for the wealthiest 1% or so would be considerably less.

[Homesteader]

$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('Homesteader', '
')
So what mechanism allowed Greenspan to flood the world with dollars?

Certainly the standard of living for the wealthiest 1% or so would be considerably less.

[mkwin]

$this->bbcode_second_pass_quote('', 'F')ractional banking has pushed us to the brink. Shit, I doubt my children's children will own a home due to global warming, due largely to the excesses supported to a large degree by fractional banking. Fractional banking financed the population explosion.

[mmasters]

$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('', 'F')ractional banking has pushed us to the brink. Shit, I doubt my children's children will own a home due to global warming, due largely to the excesses supported to a large degree by fractional banking. Fractional banking financed the population explosion.

[mkwin]

$this->bbcode_second_pass_quote('', 'I') disagree. Fractional banking has influenced an incredible pyramid scheme of growth and boom times, particularly through wars. Not that it's completely responsible for the population explosion but it is a huge catalyst as is oil. We would have never used as much of the planet's resources with a demurrage system that influences long term thinking for maximum wealth.