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Old 06-24-2013, 02:12 PM   #551
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Meaning? Most of us will be dead and thus our souls need to know where to go?

Or just pure gobbledygook?
I am not surprised you have to ask this Wags.


A true connection with the Spiritual Source is really all that truly matters

It is what Shakespeare was referring to with "To be or not to be that is the question."
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Old 06-24-2013, 02:15 PM   #552
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I am not surprised you have to ask this Wags.


A true connection with the Spiritual Source is really all that truly matters

It is what Shakespeare was referring to with "To be or not to be that is the question."
Sounds to me you need to re-read Hamlet. That's not at all what it is referring to, and with "wherefore art thou Romeo", this is the most misinterpreted quote of his (their) entire collection of work.
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Old 06-24-2013, 02:37 PM   #553
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QE is about manipulating an equation to equilibrium. And finlaly they are making plans to taper it off so we have some real ****ing interest rates. And while the rest of the world is lowering their, we'll be raising ours.

We still drive the ship, bro.
They can't raise interest rates or the bond market will collapse.

They are stuck. They can't go forward and can't stand still.

They can't continue the QE or they crash the dollar. But they can't stop QE or the too big to fail banks go under.

I wouldn't want to be in Bernanke's shoes, right now.

MHG
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Old 06-24-2013, 03:00 PM   #554
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They can't raise interest rates or the bond market will collapse.

They are stuck. They can't go forward and can't stand still.

They can't continue the QE or they crash the dollar. But they can't stop QE or the too big to fail banks go under.

I wouldn't want to be in Bernanke's shoes, right now.

MHG
And yet, one or other will happen.
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Old 06-24-2013, 09:46 PM   #555
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In a true barter economy after the collapse you keep talking about, your gold will be worth less than my beet seeds.
I will be living high and mighty off of sun rays and will therefore be in the market to sell some of my sun rays for gold. **** beet seeds. The beet juice will run into my other good food and destroy it.
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Old 06-24-2013, 09:54 PM   #556
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Actually your can of Spam will trump both gold and seeds as will cigarettes.

Gold and Silver will have value during the rebuilding process.

The most valuable instrument one can possess in these times is a Spiritual relationship with your Maker.
Ill club you in the head w a gold brick and take your seeds and smokes.
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Old 06-25-2013, 09:36 AM   #557
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Originally Posted by mhgaffney View Post
They can't raise interest rates or the bond market will collapse.

They are stuck. They can't go forward and can't stand still.

They can't continue the QE or they crash the dollar. But they can't stop QE or the too big to fail banks go under.

I wouldn't want to be in Bernanke's shoes, right now.

MHG
No and no and no and no.

You don't get it. The math and manipulation is beyond you. That's why they're making plans to taper it off. The Bond market will no crash. Sure current investors will feel the pinch, but with raised rates, getting into the bond market will be good. Banks have been storing up cash and assets as well. The US is actually in good shape except for our debt, which is relative because just about everybody else is in debt too.

The outlook is good.
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Old 06-25-2013, 09:38 AM   #558
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No and no and no and no.

You don't get it. The math and manipulation is beyond you. That's why they're making plans to taper it off. The Bond market will no crash. Sure current investors will feel the pinch, but with raised rates, getting into the bond market will be good. Banks have been storing up cash and assets as well. The US is actually in good shape except for our debt, which is relative because just about everybody else is in debt too.

The outlook is good.
Bingo! Interest rates could double overnight and still be absurdly low.

Getting unemployment down is still the #1 priority....or it should be.
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Old 06-25-2013, 09:40 AM   #559
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Bingo! Interest rates could double overnight and still be absurdly low.

Getting unemployment down is still the #1 priority....or it should be.
That's what Krugman has been telling these idiots in Washington for two years. They still don't get it.
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Old 06-25-2013, 09:58 AM   #560
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Unemployment is roughly only 2 percent above average. I mean I get the need, but 2 points on all those workers isn't as big a deal. Of course that's spreadsheet thinking. And before anyone says it's really at blah..blah..blah...the measuring stick is the measuring stick.
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Old 06-25-2013, 10:02 AM   #561
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Bingo! Interest rates could double overnight and still be absurdly low.
I hope they do. I mean right now there are whole product lines in demand deposit banks that are dead or don't exist.

Anyone bought a CD lately? WhyTF would you? Been keeping money in the savings account? You're better off spending it.
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Old 06-25-2013, 10:07 AM   #562
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Ill club you in the head w a gold brick and take your seeds and smokes.
Ever see a film called "The Road"?
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Old 06-25-2013, 02:24 PM   #563
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No and no and no and no.

You don't get it. The math and manipulation is beyond you. That's why they're making plans to taper it off. The Bond market will no crash. Sure current investors will feel the pinch, but with raised rates, getting into the bond market will be good. Banks have been storing up cash and assets as well. The US is actually in good shape except for our debt, which is relative because just about everybody else is in debt too.

The outlook is good.
You overlook the fact that the too big to fails are way over-leveraged. Their reserves are tiny compared with their exposure to credit default swaps and other toxic debt. On an order of 30 to 1 or even worse.

This is not good. This is why the QE 3 was put in place in the first place -- and why if the Fed backs off the too bigs will be in big trouble.

MHG
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Old 06-25-2013, 03:21 PM   #564
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You overlook the fact that the too big to fails are way over-leveraged. Their reserves are tiny compared with their exposure to credit default swaps and other toxic debt. On an order of 30 to 1 or even worse.

This is not good. This is why the QE 3 was put in place in the first place -- and why if the Fed backs off the too bigs will be in big trouble.

MHG
How about a source?
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Old 06-25-2013, 03:22 PM   #565
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That's what Krugman has been telling these idiots in Washington for two years. They still don't get it.
Partisan politics are much more important. They just don't have the time to address the issues that matter.
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Old 06-25-2013, 03:23 PM   #566
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Unemployment is roughly only 2 percent above average. I mean I get the need, but 2 points on all those workers isn't as big a deal. Of course that's spreadsheet thinking. And before anyone says it's really at blah..blah..blah...the measuring stick is the measuring stick.
A few million more consumers and tax payers wouldn't hurt.
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Old 06-25-2013, 04:01 PM   #567
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How about a source?
There are many sources on this. Do a search. Here is one:

http://www.forbes.com/sites/richards...talized-banks/

It is not only US banks. The Euro banks are just as bad. Deutsche Bank's reserves may be leveraged 60 X !

http://alternativeeconomics.wordpres...tive-exposure/
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Old 06-25-2013, 05:58 PM   #568
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There are many sources on this. Do a search. Here is one:

http://www.forbes.com/sites/richards...talized-banks/

It is not only US banks. The Euro banks are just as bad. Deutsche Bank's reserves may be leveraged 60 X !

http://alternativeeconomics.wordpres...tive-exposure/
I've searched in the past and not found anything like the "30-1 or worse ratio" you claimed.

From your Forbes link.

Quote:
the top eighteen banks are leveraged by just 12:1 (average), while the three censured banks are leveraged by only 10:1
Very manageable, and very different from the 'sky is falling' picture you're trying to paint.
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Old 06-25-2013, 06:08 PM   #569
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I've searched in the past and not found anything like the "30-1 or worse ratio" you claimed.

From your Forbes link.



Very manageable, and very different from the 'sky is falling' picture you're trying to paint.
Is it 30:1 in lizard years?
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Old 06-25-2013, 06:25 PM   #570
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Is it 30:1 in lizard years?
Most likely. I'm sure it was a typo and Gaff didn't mean to exaggerate.
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Old 06-26-2013, 03:39 AM   #571
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I've searched in the past and not found anything like the "30-1 or worse ratio" you claimed.

From your Forbes link.



Very manageable, and very different from the 'sky is falling' picture you're trying to paint.

so 12 - 1 is good ?

Am I the only one who thinks banks should only be able to lend what they have ? If any other kind of company kept records like banks it would be fraud, but not in the banking world, its business as usual.
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Old 06-26-2013, 04:23 AM   #572
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so 12 - 1 is good ?

Am I the only one who thinks banks should only be able to lend what they have ? If any other kind of company kept records like banks it would be fraud, but not in the banking world, its business as usual.
Fractional Reserve Banking is what enables banks to loan money based on deposits. Without fractional reserve banking, a bank would have to keep 100% of deposits as cash on hand -- meaning it couldn't lend that money out.

A leveraging ratio describes how much cash on hand the bank has to cover deposits (and other liabilities). For example, if a bank has 10 customers all with $10 deposited, a 10:1 leveraging ratio would mean that the bank was loaning out $90 and keeping $10 in cash (i.e. $100 in liabilities : $10 in assets). If the ratio was 1:1 (no fractional reserve), the bank would have to keep all $100 in cash and be unable to actually loan any money out.

It's a bit more complicated, because leveraging ratios are inclusive of all bank liabilities (customer deposits, outstanding loans, etc.). But that's the gist.

Previously the legal limit of FRB was 4:1. Under that limit, the solvency of the bank was only threatened if more than 25% of its total liabilities were called in (withdrawals, defaults on loans, etc.)

A little over a decade ago, that limit was completely abolished, which is pretty much the root cause of the 2008 financial crisis where many institutions were leveraged far, far beyond that original 4:1 limit (most at 50:1 or more, some even as high as 500:1).

At 50:1, only 2% of liabilities being called in would cause the bank to be insolvent. At 500:1, only 0.2% would cause insolvency.

Of course, any effort to get back to a sane compromise such as 4:1 limits is consistently met with ZOMG BIG GOVERNMENT!

Last edited by Fedaykin; 06-26-2013 at 06:13 AM..
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Old 06-26-2013, 06:06 AM   #573
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so 12 - 1 is good ?

Am I the only one who thinks banks should only be able to lend what they have ? If any other kind of company kept records like banks it would be fraud, but not in the banking world, its business as usual.
12-1 is manageable.

Without leverage, would anyone be able to get a mortgage or finance a car?
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Old 06-26-2013, 06:32 AM   #574
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On the subject of the OP, Glad I dumped all my precious metal ETFs in March. Only wish I had done so in Oct. GLD alone is down 35% since OCT12, with silver down almost 50%
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Old 06-26-2013, 06:41 AM   #575
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Is there any difference between gold and pork bellies, as far as the commodities market is concerned?
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