TWI
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Possibly the most important thing to watch and understand as a trader today
FXSCALPER2
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TWI said:
Execellent video! I enjoyed that a lot.
trendie
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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?
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?
Last edited:
Directional
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really illuminating! thanks very much TWI, best post & info I've seen on here in ages
Atilla
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TWI said:
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 
JTrader
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Also worth watching is "The Money Masters" http://www.trade2win.com/boards/showthread.php?p=322110#post322110
TWI
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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.php?context=viewArticle&code=IVA20070409&articleId=5309
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.php?context=viewArticle&code=IVA20070409&articleId=5309
Crap Buddist
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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.
God knows whats coming, im not a doomsayer, but what a bloody shame.Good health.
JTrader
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fibonelli
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JTrader
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