Economic Crises

Diogenes

Kama wrote: »

In that parallel reality, Ron Paul would be President already...

Herding a pack of elephants onto wall street each lead by monkeys juggling lit sticks of dynamite is the only thing that I think could be worst for the world right now.

Ron Paul is a deluded charlatan.

Diogenes

Mahatma coat wrote: »

damm straight, tis a shame they didnt pick him over McCain

Yeah dead shame, such a close race he came it, what? A distant 9th? So anywho Mahatma your plan to make the world a better place, now you've had a week.

Flamed Diving

I'm still waiting to hear this alternative..

Surely the youtube researchers can come up with one.

Économiste Monétaire

Mahatma coat wrote: »

UCD Econ - He probably stopped posting in the thread because you don't have an open opinon (there HAS to be a conspiracy theory), nor do you understand anything he says because you've not even got basic economic knowledge. It is same as trying to explain banking and monetary theory to a dog. The dog just keeps barking at you.

It's a complicated field. Pick up a book rather than trying to insult those who are educated. It's obvious you've never studied economics.

That was in response to you badgering someone for answers to monetary thought, just to put it in context. By the way, I noticed you stopped posting in that thread soon after that post, so I find it amusing that you would even link it, when it became apparent you couldn't even buy a clue about the subject matter.

Mahatma coat wrote: »

So Morgan Stanley and Goldman Sachs get to become real banks instead of investment banks, what does this mean for the average punter?

Not a whole lot, unless you want to open up a deposit account with them. There will be less opportunity to make quite substantial returns due to their reclassification and subsequent oversight by the FED/SEC. What will the bailout mean in general for the average punter? Most likely it will ease interbank markets and, thus, ease the pressure on mortgage rates.

Also, you're delusional if you think Flamed Diving knows nothing of the economics field.

d0gb0y

Global Monetary Authority

Apart from all the semi-covert consolidation going on in banking and finance at the moment, here is another thing to raise its head during the crisis

article from before the start of the meltdown
http://us.ft.com/ftgateway/superpage.ft?news_id=fto060820081850443845

article from thursday the 25th
http://www.ft.com/cms/s/0/7caf543e-8b13-11dd-b634-0000779fd18c.html?nclick_check=1

There is also Gordon Browns speech to the UN which alludes to the agenda.
hhhmmm problem, reaction, solution

Run_to_da_hills

d0gb0y wrote: »

Global Monetary Authority

Apart from all the semi-covert consolidation going on in banking and finance at the moment, here is another thing to raise its head during the crisis

article from before the start of the meltdown
http://us.ft.com/ftgateway/superpage.ft?news_id=fto060820081850443845

article from thursday the 25th
http://www.ft.com/cms/s/0/7caf543e-8b13-11dd-b634-0000779fd18c.html?nclick_check=1

There is also Gordon Browns speech to the UN which alludes to the agenda.
hhhmmm problem, reaction, solution

I am currently looking through an book written in 1982 called “The new money system” On page 183 the author predicted that a new Global authority would take over after a major economic crash. It talks of governments after Governments going bankrupt with nations lining up to default on repayments on loans with banks on the brink of disaster.

It said the initial agenda of this new global money authority would be a total cashless system based on plastic cards containing magnetic strips!!. Little did the author know about smart cards. The book quotes from an article in business week written in April 18th 1977, "If there's just one card... It will be issued by the Government". (Sounds very familiar ).

She also said that the UPC barcode would play a major part in the new global financial system. In 1981 the Barcode was voluntary and only appeared on a hand full of consumer goods. It will be replaced in the not so distant future by e_tagging.

Mahatma coat

so they decided that the Bail out was a Stupid idea

Who'd a thought it eh?

time to sit back shore up the defences and wait it out.

Kama

Initial Paulson Plan deserved to be thrown out; happy 'bout that republican rebellion is me. Dodd's modified plan wasn't as bad; it at least had some oversight and a potential upside for taxpayers.

It was driven as 'panic policy'; loevly Daily SHow comparison of it and Iraq being justified by Bush, almost exactly the same line of argument...NOW NOW MUST BE NOW!

Never mind, oh, the constitutional problems of giveing a publi servant non-reviewable powers that aren't subject to oversight or any of that malarkey. Cheeky bugger. Dodd at least pushed for a clawback, where they could review the books and claw back money based on incidences of financial fraud...

bonkey

Mahatma coat wrote: »

so they decided that the Bail out was a Stupid idea

Absolutely. You're dead right. There's no possibility that they decided that the deal on the table was not acceptable...nope...they decided that any deal would be unacceptable.

Thats why they've abandoned discussions and have given up on the idea of a bail-out.

Smudgeyboy

I wonder if all this bailing/buying out will lead to one big bank...who knows? Haha

Run_to_da_hills

Smudgeyboy wrote: »

I wonder if all this bailing/buying out will lead to one big bank...who knows? Haha

Its called the "World Bank". Eventually it will controll every man woman and child on this planet through the EFT. :eek:

Mahatma coat

anyone else find it a little suspect that Bush is all, NOW NOW NOW we need a decision,

Oh no wait its a Jewish holiday

Time Magazine

Run_to_da_hills wrote: »

Its called the "World Bank".

No it's not.

Mahatma coat

anyone else find it a little suspect that Bush is all, NOW NOW NOW we need a decision,

Oh no wait its a Jewish holiday

Run_to_da_hills

David McWilliams wrote: »

No it's not.

What is it then? the "Global bank"??

Time Magazine

Smudgeyboy asked...

Smudgeyboy wrote: »

I wonder if all this bailing/buying out will lead to one big bank...who knows? Haha

to which you said 'Its called the "World Bank".'

Do you know what the World Bank does, or are you focusing primarily on its name? Your answer suggests the latter, that you think it is some normal kind of commercial bank, but absolutely huge. A superbank, if you will.

It's nothing of the sort.

Smudgeyboy

Run_to_the_hills, you mean a world 'AIB' or 'Bank of Ireland' style bank yes?
With individual accounts for people in all different countries, one currency across the world, etc. rather than the internationally supported World Bank that already exists?

Run_to_da_hills

Smudgeyboy wrote: »

Run_to_the_hills, you mean a world 'AIB' or 'Bank of Ireland' style bank yes?
With individual accounts for people in all different countries, one currency across the world, etc. rather than the internationally supported World Bank that already exists?

We will have one Global bank with one global currency based solely on the EFT with cash as we know it phased out. The Government of each country will be required to issue the chipped national ID card that will be your cash card to conform with this imposed currency. To avoid “cloning” and fraud all new smart card machines will be able read biometrics of thumb prints and possibly retna scans.

Cash as in paper notes will be phased out. One will be able to exchange credit and financial transactions with personal USB touch pads, mobile phones, ATM machines and on line. It will be a very strict system and anyone found “out of line” could find their privileges restricted and could easily be cut out of society not being able to "buy or sell" or travel.

All your day to day spending is monitored, electronic green tax could be imposed with possible rationing, IE you can only purchase what your state smart card will allow you to within a given time. THe same smart card could ration cigarettes and Alcohol and automatically restrict its sale to minors.

Drug dealing, smuggling, hyjacking, terrorism and all crime will now almost cease and the world will become an extremely peaceful place and the Global Governing body of this financial cashless organisation will take full credit for this system.

All this will be at the expense of your freedom. Every single purchase transaction you make through the EFT will pinpoint you on planet earth and will reveal your spending habits and your lifestyle.

Welcome to the New World Order.

Kama

Apropos of crises and conspiracies, anyone have any funny views on the Plunge Protection Team?

Flamed Diving

Run_to_da_hills wrote: »

We will have one Global bank with one global currency based solely on the EFT with cash as we know it phased out. The Government of each country will be required to issue the chipped national ID card that will be your cash card to conform with this imposed currency. To avoid “cloning” and fraud all new smart card machines will be able read biometrics of thumb prints and possibly retna scans.

Cash as in paper notes will be phased out. One will be able to exchange credit and financial transactions with personal USB touch pads, mobile phones, ATM machines and on line. It will be a very strict system and anyone found “out of line” could find their privileges restricted and could easily be cut out of society not being able to "buy or sell" or travel.

All your day to day spending is monitored, electronic green tax could be imposed with possible rationing, IE you can only purchase what your state smart card will allow you to within a given time. THe same smart card could ration cigarettes and Alcohol and automatically restrict its sale to minors.

Drug dealing, smuggling, hyjacking, terrorism and all crime will now almost cease and the world will become an extremely peaceful place and the Global Governing body of this financial cashless organisation will take full credit for this system.

All this will be at the expense of your freedom. Every single purchase transaction you make through the EFT will pinpoint you on planet earth and will reveal your spending habits and your lifestyle.

Welcome to the New World Order.

Quick, everyone point and laugh.

Kama

Point and laugh at Conspiracy Theory on the Conspiracy Theories forum?

You'll have a tired arm and a sore throat, m8!

bonkey

Run_to_da_hills wrote: »

Drug dealing, smuggling, hyjacking, terrorism and all crime will now almost cease and the world will become an extremely peaceful place and the Global Governing body of this financial cashless organisation will take full credit for this system.

For years, we've been told that drug-dealing, the black market, organised crime and terrorism were all effectively state-controlled and state-sponsored, and that behind the State was some shadowy NWO organisation.

Now, it turns out that their plan is to do away with all of this stuff that they themselves control.

Fantastic. I can't wait.

All this will be at the expense of your freedom. Every single purchase transaction you make through the EFT will pinpoint you on planet earth and will reveal your spending habits and your lifestyle.

Because that's so impossible today, what with most people using credit/debit cards, stores having CCTV, and all the rest of it.

Seriously....the few transactions that people use cash for...they're not interesting.

Also...there's no need for a single global currency. Why bother, when there's money to be made on ForEx transaction charges?

Run_to_da_hills

bonkey wrote: »

Also...there's no need for a single global currency. Why bother, when there's money to be made on ForEx transaction charges?

Why didn't the European cronies think of that in 2002 when they wiped out over a dozen foreign currencies from the Common Market when they introduced the Euro.


More would be made on charging a commission for every single "smart card" transaction that they would make on any foreigh exchange.

Mahatma coat

Lads We're slippin here a bit,

as the old sayin goes, 'Follow the Money'

I was PM'd a link yesterday from a Friend of the Forum

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

Transparency eh? so they get a fistfull of public Debtmoney to fix the problems they caused, but it would b detrimental to the economy to ask them what they are doin with it.

lets see what themarveous G20 emergency summit comesup with, are peopple sofickle that they have forgotten about this already

Oh look Gladiators is on :D

bonkey

Run_to_da_hills wrote: »

Why didn't the European cronies think of that in 2002 when they wiped out over a dozen foreign currencies from the Common Market when they introduced the Euro.

Maybe its because it wasn't intended to be a money-making effort?

Fits fine with my understanding of how the world works....doesn't fit so good with the notion of the whole banking/government its-all-about-the-money theories.

More would be made on charging a commission for every single "smart card" transaction that they would make on any foreigh exchange.

But they could have had both....which would obviously have mode more again.

Mahatma coat

Something thats been buggin me for a while,

Why did the Australian Dollar lose 30% of its value against the $US, when all logic would have pointed to our Dollar increasing in value, we are one of the few countries not to cary a National Debt, in fact there was a surpluss at the time, strikes me as being very Lizzzardy

bonkey

Mahatma coat wrote: »

Why did the Australian Dollar lose 30% of its value against the $US,

When was this?

If you're referring to recently, then you should bear in mind that you'd be starting from around when the dollar was pretty-much at an all-time low against every major international currency and most people were insisting that it was grossly undervalued.

Mahatma coat

See I was under the impression that the Dollar was being hugely inflated by the borrowings to finance the War and the collapse of the Sub Prime markets didnt help that either, from reading the papers a few months ago it seemed that the Chinese basicly owned huge chunks of Dollar reserves, we were sellin them stuff and the Yanks were buyin it, so it struck me as a little odd that the US$ increased in value and the AU$ decreased, seemed a bit Lizzzzzardy