Well, BofA is in the midst of laying off 10,000 workers and in the letter the CEO sent to the employees the week before last, he said the reason...
OK, so they have $144B in assets when the liabilities are subtracted out and they have a $100B loan from the Fed that isn't even on that sheet....
Yeah, I've admired that reverse proof in that set and regret that I didn't get one when it was issued by the mint.
This $1.5T loan alone to the banks is $230 for every single person on the planet. It's $10,296 for every working person in the USA where the...
What are their liabilities?
You are entitled to your opinion, but I think it is also ludicrous to think there will be federal agents in a local grocery store that would stop...
You are offering up conjecture based on an unproven personal anecdote. In comparison, Idaho has passed a state law making gold & silver legal...
This is traditional banking. The reserve requirement was 10%. Banking business plans assumed the other 90% was loaned out earning money for the...
BAC has two lawsuits filed against them (AIG, State of NY) for about $20B alleging numerous types of fraud committed by this bank. If so, their...
This would require active participation from the states and local goverments because there simply are not enough federal agents to police such a...
Everyone has biases. It's the listener's responsibility to distinguish upon advice based upon opinion, where the only argument is the...
You didn't make your case about the investment banker with this example. The party who organized the cattle drive is part of the production arm...
The real reason interest rates are unrealistically low now is because the Federal Reserve has loaned out $1.5T to the largest banks in the world....
This is incorrect. If the currency stays and prices on food rise, then there is less currency to spend on something else. Total inflation is 0....
I am thinking that many bullion investors tend to avoid facebook alltogether due to the huge amount of privacy issues surrounding it. I...
Indeed. it sounds as if the plan is to send it by boat. Yeah, I've heard the stories about the tungston and it would be my guess that Hugo has...
Try looking at what I said in the context in which it was given. There was a claim made there were $50T worth of assets in the USA, but only $2T...
Look again. I said that total worth was limited by the available currency. I didn't say worth had to absolutely equal the available currency....
Apparently just the 99 tons coming from the BoE will require, according to Zerohedge, 40 shipments by sea to move the 17,000 400 ounce bars....
But it could be argued that it was manipulated up as well. It rose 270% in just a few months which would indicate that something other than the...
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