Possibly the most important thing to watch and understand as a trader today

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Old Apr 3, 2007, 2:14pm   #1
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Possibly the most important thing to watch and understand as a trader today

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Old Apr 3, 2007, 4:03pm   #2
 
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Execellent video! I enjoyed that a lot.
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Old Apr 3, 2007, 5:37pm   #3
 
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"House of cards"

Id no idea how big it was! FN scary!
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Old Apr 3, 2007, 8:54pm   #4
 
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say it aint so!

always had this vague notion that paying interest didnt quite add up, as the extra money had to come from somewhere, and it had to "mean" something (have "value" as per the video), but this was quite educational.
also the bit about people misunderstanding that "steady" growth is actually exponential.

the video also crystalised for me the absurdity of how our economies rely on continuous "growth", and that means chopping up more bits of the earth, or digging up bigger amounts of minerals from the ground to make the growth, which is clearly insustainable. (unless we steal it from somewhere. hmmm, thats gives me an idea.)

very illuminating, TWI.

EDIT: when newbies join T2W and ask quesions about charts, systems, psychology and the like, I reckon they should also be given this as part of their education.
Can it be added to the Traderpedia?
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Old Apr 3, 2007, 11:52pm   #5
 
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really illuminating! thanks very much TWI, best post & info I've seen on here in ages
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Old Apr 4, 2007, 1:31am   #6
 
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Originally Posted by TWI
Hi TWI,

Very interesting and I thought this was common knowledge. Remember it at school with pirates taking gold from ships. Bright spark says keep money in bank and here is a piece of paper give it to my cousine in Americas and he'll give you the same weight in gold and so banking was formed.

It is true about the contents but not sure about it's gravity. We had bank runs before and such events as hyperinflation in Germany and Russia has been lived in actual reality, as well as Argentina more recently. Banks refused peoples monies. I can't remember how they came through might be interesting to see. They also stopped money being taken out of the country.

Bit of scare mongering going on.

The Banking system has generated growth by promoting trade. If not for paper money, gold or bartering would add a big cost to transaction costs.

Also, there was no mention of

1. The number of products or
2. The frequency of exchange - goods and money changing hands.

As the frequency of exchange increases people will have more goods and more money in that week.

If trade slows down, people don't buy goods and services, less money goes round.

Growth in money supply is good and necessary providing you have growth in goods and services and productivity. If not then it's groovy inflation and all our property prices go up. People on fixed incomes with no assets pay higher taxes and lose out.

The main shocking problem here is simply that we are in a transition period where the $ is losing its value along with other international once stable currencies like the sterling.

Deutch Mark which was an anchor of a currency is now no longer. It's part of the Euro. However, in Europe and budget defecits above 3% brings about penalties. In the US budget defecit is touching 7% and this is the alarm with the $ coupled with BoP too.

Do agree people are ignorant of the facts. Fighting wars and printing $630 bn will cost US significant pains. I think people do not understand the gravity of it all.

Perhaps scare mongoring might be a good idea.



PS. Did anybody see the Strip Tease video too on that Google site If not well worth watching
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Old Apr 11, 2007, 11:02am   #7
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Also worth watching is "The Money Masters" http://www.trade2win.com/boards/show...110#post322110
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Old Apr 11, 2007, 11:15am   #8
 
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Great vid TWI.

Remember guys and gals, the banks create money out a fresh air and charge interest on it.
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Old Apr 11, 2007, 11:17am   #9
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Great vid TWI.

Remember guys and gals, the banks create money out a fresh air and charge interest on it.
And thats what they call "fractional reserve banking."

Last edited by JTrader; Apr 11, 2007 at 3:34pm.
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Old Apr 11, 2007, 2:44pm   #10
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TWI started this thread Iran: the Threat of a Nuclear War
by General Leonid Ivashov
Global Research, April 9, 2007
Strategic Culture Foundation - 2007-03-30
What is the real reason why the US is unleashing this military conflict?
The activities having consequences of global proportions can only be
intended to deal with a global problem. This problem itself is by no means
something secret - it is the possibility of a crush of the global financial
system based on the US dollar. CURRENTLY THE MASS OF THE US CURRENCY
EXCEEDS THE TOTAL WORTH OF THE US ASSETS BY MORE THAN A FACTOR OF TEN.
EVERYTHING IN THE US - THE INDUSTRY, THE BUILDINGS, THE HIGH-TECH, AND SO
ON - HAS BEEN MORTGAGED MORE THAN TEN TIMES ALL OVER THE WORLD. A DEBT OF
SUCH PROPORTIONS WILL NEVER BE REPAID - IT CAN ONLY BE RELIEVED. THE DOLLAR
AMOUNTS ON THE ACCOUNTS OF INDIVIDUALS, ORGANIZATIONS, AND STATE TREASURIES
ARE A VIRTUAL REALITY. THESE RECORDS ARE NOT SECURED BY PRODUCTS, VALUABLES
OR ANYTHING THAT EXISTS IN REALITY. WRITING-OFF THIS US INDEBTEDNESS TO THE
REST OF THE WORLD WOULD TURN THE MAJORITY OF ITS POPULATION INTO DECEIVED
DEPOSITORS. IT WOULD BE THE END OF THE WELL-ESTABLISHED RULE OF THE GOLDEN
CALF. THE SIGNIFICANCE OF THE COMING EVENTS IS TRULY EPIC. This is why the
aggressor ignores the global catastrophic consequences of its offensive.
The bankrupt 'global bankers' need a force major event of global
proportions to get out of the situation.
http://www.globalresearch.ca/index.p...articleId=5309
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Old Apr 11, 2007, 2:56pm   #11
 
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Well thats cheered me up TWI ! , that bit at the end God knows whats coming, im not a doomsayer, but what a bloody shame.

Good health.
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Old Apr 11, 2007, 3:30pm   #12
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Comprehensive Annual Financial Reports EXPOSED! (Alex Jones)
A video by Jones in which he interviews Commodity Trading Advisor (CTA) Walter Burien, who alleges that the majority (70%-85%) of stocks ... all » and insurance funds are owned by the federal, state and local government through investment fund participation. According to Burien CAFR (Comprehensive Annual Financial Report), only one-third of government's gross income is tax income, with the remaining two-thirds generated from non-tax income in the forms of investment and enterprise. The Annual Financial Report accounting structure for government started in 1946 through a private group called [Government Financial Officers Association], and then was Federally mandated for all local governments in the USA. A Google search will now yield over 260,000 hits on the CAFR. Mr. Burien suggests the CAFR review site CAFRMan.com, run by a retired Federal Auditor of 30 years, Gerald Klatt. The vide also includes an interview with former IRS special agent Joe Banister.

Last edited by JTrader; Apr 12, 2007 at 7:13am.
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Old Apr 12, 2007, 8:31am   #13
 
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Here's another

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"The trend is your friend and divergences are your best friend until the bend at the end"

Party on like it's 1930, until Mr C (Wave) gatecrashes the party.
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Old Apr 12, 2007, 9:05am   #14
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Last edited by JTrader; Apr 27, 2007 at 2:24pm.
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