Fully 'Fixed' Friday: Extend and Pretend Edition [View article]
Although Jefferson didn't actually say all of it, this quote attributed to him sums it up very nicely and has certainly been true for hundreds of years because the game never changes:
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson, (Attributed) 3rd president of US (1743 - 1826)
Bbody - The dollar was 40% stronger when oil was 70% cheaper. It's the disposal of $12Bn a day used on a commodity that is burned the same day (effectively burning the dollars) that is destroying our currency. Dollars flood the market as they are exchanged for what becomes nothing as soon as it's used and end up in the hands of OPEC, who don't need them all, allowing them to spend up for things they want creating more global inflation.
If I paid you $2 a gallon for your tap water and you collected $1M a day at a huge profit, then you would end up inflating your local economy spending that money. If I paid you only in Lira and you tried spreading that around, you would find it was harder and harder to pass off as you push more of it on your local vendors and the local banks were swimming in it. Multiply that $1M a day by 12,000 and that is what is happening to the dollar - globally 4 Trillion of them are being used to buy oil per year and the consumers end up with nothing of lasting value for their dollars while the producers get more and more dollars every day and they do last, they pile up and up and up until they become worth what they look like - trash. Your currency cannot have value if you flood the world with it....
I don't know of a proper Dow study. The S&P routinely changes components too and the Russell just rebalanced but with the Dow just having 30 components, you really can't just go pretending it doesn't matter when you trade 2 in, especially with their whacked out weighting system - that in itself could have used an extensive study to figure out what the hell they did.
I would understand the lack of action by the government if the situation was insoluble, but it isn't. It just takes firm action and some vision. Unfortunately, those are things we are very short of in our government.
Fully 'Fixed' Friday: Extend and Pretend Edition [View article]
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)
Options Trader: Thursday Outlook [View article]
Bbody - The dollar was 40% stronger when oil was 70% cheaper. It's the disposal of $12Bn a day used on a commodity that is burned the same day (effectively burning the dollars) that is destroying our currency. Dollars flood the market as they are exchanged for what becomes nothing as soon as it's used and end up in the hands of OPEC, who don't need them all, allowing them to spend up for things they want creating more global inflation.
If I paid you $2 a gallon for your tap water and you collected $1M a day at a huge profit, then you would end up inflating your local economy spending that money. If I paid you only in Lira and you tried spreading that around, you would find it was harder and harder to pass off as you push more of it on your local vendors and the local banks were swimming in it. Multiply that $1M a day by 12,000 and that is what is happening to the dollar - globally 4 Trillion of them are being used to buy oil per year and the consumers end up with nothing of lasting value for their dollars while the producers get more and more dollars every day and they do last, they pile up and up and up until they become worth what they look like - trash. Your currency cannot have value if you flood the world with it....
Options Trader: Tuesday Outlook [View article]
SC Boeing: www.bloomberg.com/apps...
I would understand the lack of action by the government if the situation was insoluble, but it isn't. It just takes firm action and some vision. Unfortunately, those are things we are very short of in our government.