Comments on: Government – Bank Symbiosis

By: Bank Bailout | The Incidental Economist

Bank Bailout | The Incidental Economist — Sat, 19 Jun 2010 08:02:02 +0000

[...] Barry Ritholtz.) AKPC_IDS += [...]

By: ToNYC

ToNYC — Sat, 12 Jun 2010 16:32:15 +0000

“When in the Course of human events it becomes necessary….” to demand the interest that FRS each member banks accrue from debt increase and paid by customers for said debt against the public balance sheet to be credited to retire that same balance sheet debt. The incentive to print would have its own active suspension forcing it back on the track. The FED would devolve to a domestic GNP algorithm with plus 2-3% per annum currency growth. I’m thinking the bankster battles Jackson, Lincoln, Garfield, Kennedy fought…nothing is new, just the scoundrels have shown their natural hand.

By: Pat Shuff

Pat Shuff — Sat, 12 Jun 2010 15:31:00 +0000

Some banks are becoming dangerously addicted to the medicine the ECB has been administering. They can easily borrow from the ecb and then invest the proceeds in higher-yielding government bonds. Mr Ryan of UBS, reckons this “carry trade” may account for as much as 40% of the profits posted by some smaller Spanish banks and 20% at bigger ones.

http://www.economist.com/node/16274373

Europe’s grim sovereign-bank loop

The funding constraints for European banks are having an impact on asset prices and liquidity. Firstly, peripheral sovereigns are becoming increasingly dependent on their domestic banks to absorb new issuance while banks are increasingly dependent on sovereign support. The feedback loop has been highlighted a number of times in the past few months as a ratings downgrade of a sovereign is followed by a ratings downgrade of a number of domestic banks.

http://ftalphaville.ft.com/blog/2010/06/08/253966/europes-grim-sovereign-bank-loop/

By: torrie-amos

torrie-amos — Sat, 12 Jun 2010 14:26:27 +0000

cnbc’s when lehman failed is a good 45 minutes, pretty interesting, apparently behind the scenes, six months before the crash paulson was trying to save the world and finally had had enough and said screw it……………………………

in a sense u could actually say paulson was a hero, he put the fear of god into there idicoy of unlimited moral hazard

By: ToNYC

ToNYC — Sat, 12 Jun 2010 14:18:52 +0000

Gold is good for survival and fiat currency metric, but brings no solutions to the table. Mankind thrives on Intellectual Property. To mine and then re-bury gold is nothing new but an act of desperation. Can you help?

By: mathman

mathman — Sat, 12 Jun 2010 13:38:12 +0000

oh, and:

http://www.zerohedge.com/article/john-embrys-17-reasons-own-gold

By: mathman

mathman — Sat, 12 Jun 2010 13:27:36 +0000

Here’s a good one for you:

http://ofgoatsandmen.blogspot.com/2010/06/chairman-of-goldman-sachs-international.html

By: Tarkus

Tarkus — Sat, 12 Jun 2010 12:41:19 +0000

That cartoon is wrong in so many ways…

First, in the case of the U.S., only Congress can coin money, so gov’t gets money from the Treasury, not by borrowing from banks. Borrowing would mean paying interest, and why pay interest to make someone else rich when you are the one who is creating the money?
Second, it implies that banks are not independent of gov’t influence in their actions, which is clearly wrong because we have been told so on numerous occasions.
Finally, the sharks aren’t just in the water because there are Land-sharks.
Just so wrong in so many ways.

By: How the Common Man Sees It

How the Common Man Sees It — Sat, 12 Jun 2010 11:33:18 +0000

You can’t destroy gold except with a really hot star.

You can’t print gold.

It is rare.

Three simple reasons why it retains its value

By: Mark E Hoffer

Mark E Hoffer — Sat, 12 Jun 2010 11:24:59 +0000

http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Why+Governments+hate+Gold

“…it requires an almost belligerently blinkered view of history to believe that gold has no use as money or a store of value…”

http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=History+of+Gold+as+Money
~~
“Everything is based on faith.”
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Moral+Relativitism+and+The+Decline+of+the+West

Graphite,

nice Post!~, I added some ‘footnotes’ to go w/ it.. ~