Re: Market Control Tools
- From: phil scott <phil@xxxxxxxxxxxxx>
- Date: Sun, 27 Jan 2008 18:19:12 -0800 (PST)
On Jan 27, 4:03 pm, Curly Surmudgeon <Curly.is....@xxxxxxxx> wrote:
For those of us who saw this disaster unfolding long ago, I, for one,
thought the decline would be much earlier and faster. Even with study I
underestimated the tools and weapons the Federal Government has.
We saw a dramatic example when the Fedreal Reserve Board dropped interest
rates by three-quarters of a point in one session. That was either a
unique or exceedingly rare event depending on who you listen to. In
eitehr case, it is an example lesson we need to consider.
The Government is willing to bankrupt the economy through inflation to
save the money markets, their house of cards is more important than the
value of our currency, retirement accounts, or corporate earnings. The
economic system must be saved no matter the threat.
This was underlined this week with a near unanimous call for infusing
$150,000,000,000.00 of newly printed money. Money that we do not have and
will borrowed against the lives of our grandchildren generating rampant
inflation.
In a long drive yesterday there was time to ruminate over economic issues
and one tool that teh government hasn't used so far is actually an entire
class of tools to control the velocity of money. A number of nations
teetering on the brink of financial ruin have used some of these tools
with fair success such as slowing the time of money transfers, limiting
withdrawals, slowing approvals, requiring authorization to use bank
accounts, etc. All work similarly, by increasing the time that money is
in the system markets become less reactive with fewer and less deep,
fluxuations.
When you ate told that your account is unavailable or limited in any way
you'll know the fit is in the shan.
-- Regards, Curly
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http://feeds.feedburner.com/SL/thegreen
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I think the mess will be engineered to what we have seen in england,
slow decline...adjstment to a lower standard of living... nothing
dramatic...that will be insured by the recently enacted civil
population control laws, none of that an accident, govt has seen this
mess coming for at least 15 years. (helecopter, beach landing,
automated machine gun drills in SF, oakland, NYC etc in the late
90's..reported on the tee vee..interview with one of the
commanders...'the intent of the drill is to practice protecting
property in a time of civil unrest'.
.
The viable tactic for most of the middle and lower class will iinvolve
self conservation tactics (conserving personal energy), seen today in
much of the eu... and in France with its graciousness...... living in
much smaller spaces, cooking at home, use of mass transpport to a
greater degree, less of a consumer economy.... notice the moped life
style in much of Paris...more attention to ones personal life style
and much less attention on pleasing the corporation.... most will not
notice the transormation.... the exchange wll be in better quality of
life for individuals, focus on making the ordinary, food etc..a
pleasure.
Those suffering will be the ones in debt who are bent on paying it off
in an uphill economy, as the ppty is taxed to ruins......then loose
the asset regardless to a ravenous state govt.
Those who stage to live within their means, keep a circle of friends,
mutual support...and for some of us, broad level skill sets (workable
but in tough times the rates are still low as hell)..... repair
people. Car repair entrepreneurs, mobile mechanics etc will live a
decent life...and much of the medical community, nurses etc..
doing well as usual will be the wide range of entrepreneurs,
finagliing a profit one way or the other as usual.... leverage for
any of these will be in an ultra low overhead life style... one phone,
no storage fees, alternative below the taxable radar living
stategies.
Govts counter to that will be fees at every turn, 500 dollar traffic
tickets, killer sales taxes...etc. Your job should you choose to
accept it is to move to Argentina.. :).
Phil scott
.
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