Where did you get the information that the Fed loan was not on their Balance Sheet? GAAP will require it, and their statements are audited of course.
I offered documented examples of the closest parallel we have. You are the one "blue sky" offering up completely made up scenarios....
First, you are assuming these banks only do business in the US. They don't. Second, if US assets are 50 trillion, then 1.5 trillion is only 3% of...
Ok, I understand what you are saying Cloud, but as you said that would be systemic and not just on BoA. I still say BoA once they work through...
Good questions. The two things I know, (or at least believe), is the new credit card laws has made credit cards more dangerous a lending game,...
Well the only real example we had was the US banning private gold ownership, right? Why not learn from history instead of conjecture? When the...
I completely agree with your outrage Fatima about the Fed keeping interest rates low and bailing out banks. I don't understand the "old rule of...
Lucy, there are so many variables moving in Economics even those with Nobel Prizes, who have the same school of thought, rarely agree. Its simply...
Ok, lets just talk about this. Three men, label them A, B, and C, each have an asset. There is only $1 worth of gold in the whole world, and that...
Fatima, I think you need to revisit this idea. Your scenario, Fields A and B, both priced at $1000. If there is buyer C, he pays farmer A $1000....
First, if he liquidates holdings in London someone may report about the sales. Holding it in Venezuela allows him to sell at his leisure, with no...
Actually, gold was used in coinage fairly pure in the Greek's time. First it was electrum, but fairly quickly pure gold was used because the first...
ANA monthly magazine Numismatic News World Coin News The Celator Oriental Numismatic Society newsletter ANS monthly magazine I am thinking...
But for the last 100 years, and for the foreseeable future all modern societies use, and will continue to use, fiat currency. I use inflation as a...
How many other metals meet your list, but not considered "monetary metal"? Platinum, palladium, amongst many others are just as suited to your...
:) I never said either was any better sir, just that my guess, given what I know of South American socialist dictators and Chavez's actions to...
Yes sir, I would consider that a fair statement. They are, because of circumstances, seen by the general public as monetary metals.
Maybe, but the Peron's and many others simpy sold the gold bars out of their countries depositories over time. It wasn't until they were...
If I were king for a day, I would solve it all in one fell swoop: 1. elimiate all $1 and $2 bills 2. Coin $1 and $2 coins, multi sided for...
I collect ancient coins and I know the reason silver and gold were used for them. It is simply that they were available metals, (most metals we...
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