It's basically the same here in Sweden. But we are one step before the rest of the world, here every newborn child since 1975 has a blood sample taken and stored in a central register. Personally i get a warm fuzzy feeling that in the eyes of my government I'm only a number and a genetical profile in a database...
(More information about the blood sample, regrettably only in Swedish)
http://sv.wikipedia.org/wiki/PKU-registret
Talk about a miserable failure. First you send me to a 9/11 site. Then i notice the aura of conspiracy on that site. Last, my browser tells me to download a divx plugin so i can watch a film that perhaps contain the message you wish to bring to me?
In a era of communication, you have failed miserably of letting me know your point...
This typo are a subset of what one would call "Writer's right" Namely the right to edit facts to create a good story for the reader. I do believe this is purely intentional.
>I honestly don't know how you can blame this on the federal reserve. The whole issue is caused by people defaulting on their loans. How is the fed responsible for that? Wouldn't the libertarian way of looking at it be to blame the people who acquired loans they couldn't afford?
My apologies, i did not try to blame this mess on the federal reserve thou i do mean they are implicated. As you know, when one find oneself in a conversation about federal reserve and the gold standard things do tend to get a little heated.
There is one angle where in the low interest rates helped to build up the looming credit crisis (sub prime crisis)From this angle i blame the federal reserve. From another angle, one would assume when you are about to buy a house you would read up on the terms of the loan. Sad to say, there are some people who failed to do so. In the third angle one could go after the lenders of these loans, i have some horrific examples lined up here to back up my argument.
But since this is a discussion about the gold standard or lack thereof, i will continue to argue from that standpoint. There will be a recession, the fed are going to print a huge amount of money to try to curb things up. Since im a follower of the Milton Friedman school of economics i do believe this i going to start a inflationary process. I do not like the sound of these printing presses, call me a biggot if you like.
So from my standpoint, i am about to get hit from the madness other people brought on themselves. Not directly, since i don't live in the united states. But indirectly, since the country i live in do export a large sum of goods to the united states. Now remembering the tulip crisis of holland.
http://www.stock-market-crash.net/tulip-mania.htm
Even with or without a gold standard a lot of innocent people where hit by the craze of the times. I want to minimize that target area, yes my business may be bad for some times due to the failing markets. But no, there are no means for the federal reserve to further bring havoc upon me, this by starting the printing presses (if one would have pegged it to gold standard)
I thank you for your link about the gold standard but i have already read it and some other material concerning this subject. Please keep in mind that I'm struggling throe bot language and culture barriers to get my message throe
No i am not the least happy about the coming recession. And no i do not live in the eurozone.
The point of my argument is that even after 100 years of the new economic theory[1] the people in charge still manages to screw things up. Now you got a desperate federal reserve trying to evade the coming crisis. As we speak they are activle devaluing the dollar, or said in plain English, taking value from your wallet.
Now, suppose they only cold print a dollar note for every ounce of gold they have in the reserves? Do hold in mind that the looming sub prime crisis all is to blame upon the institution's said to protect your money. One of these institutions is federal reserve.
-But hey, housing can only go up! Perhaps there would not be a recession as you would argue...
[1]According to what economic school one might ponder?
>Wow. Way to ignore everything we've learned about economics in the last 100 years.
I'm sure you know about the us economy is crashing right as we talk? Even without a gold standard i am not that sure federal reserve can handle it.
But i give you credit in this, with federal reserve we can all have that cosy socialist feeling when we help those poor bastards that screwed up. You know, the sub prime bailout. Personally i go for gold.
Because you are supposed to be a citizen in "the land of the free" ? How ironic, built on immigration, now you are doing our best to forget your countrys glorios past and it's ideas.
It sounds like the first time i was in Turkey, about the year of 2006. Going along with my Turkish friend we where deep in the suburbs of Istanbul. When trying to find a parking space for our car we had a grouelling search by the guards who where there to reissure nobydy tried to blow up the buisness complex.
It sounds a bit familiar to your story. Trying to find everlasting peace in a foregin country. Personally i was a bit amused of what had happend to me. -Surely, this country must be att bit -left behind. These things for a fact wont happen in my native country Sweden. One must go abroad to encounter things like this.
Well to make a long history short, It's somewhat of a wakeup call to read about what is happening in the U.S., as i personally came to see in Turkey. The headline ought to spell, -History repeats itself.:|
Slashdot Mirror
Books last because you have many copies, no one is gonna find out the last copy of that particular book.
Money that gets spent locally - but for which we get no benefit.
-Hey it's economics, why do you need a reason?
It's basically the same here in Sweden. But we are one step before the rest of the world, here every newborn child since 1975 has a blood sample taken and stored in a central register. Personally i get a warm fuzzy feeling that in the eyes of my government I'm only a number and a genetical profile in a database... (More information about the blood sample, regrettably only in Swedish) http://sv.wikipedia.org/wiki/PKU-registret
Talk about a miserable failure. First you send me to a 9/11 site. Then i notice the aura of conspiracy on that site. Last, my browser tells me to download a divx plugin so i can watch a film that perhaps contain the message you wish to bring to me? In a era of communication, you have failed miserably of letting me know your point...
This typo are a subset of what one would call "Writer's right" Namely the right to edit facts to create a good story for the reader. I do believe this is purely intentional.
In other words, nothing to see here, move along.
>I honestly don't know how you can blame this on the federal reserve. The whole issue is caused by people defaulting on their loans. How is the fed responsible for that? Wouldn't the libertarian way of looking at it be to blame the people who acquired loans they couldn't afford?
My apologies, i did not try to blame this mess on the federal reserve thou i do mean they are implicated. As you know, when one find oneself in a conversation about federal reserve and the gold standard things do tend to get a little heated.
There is one angle where in the low interest rates helped to build up the looming credit crisis (sub prime crisis)From this angle i blame the federal reserve. From another angle, one would assume when you are about to buy a house you would read up on the terms of the loan. Sad to say, there are some people who failed to do so. In the third angle one could go after the lenders of these loans, i have some horrific examples lined up here to back up my argument.
But since this is a discussion about the gold standard or lack thereof, i will continue to argue from that standpoint. There will be a recession, the fed are going to print a huge amount of money to try to curb things up. Since im a follower of the Milton Friedman school of economics i do believe this i going to start a inflationary process. I do not like the sound of these printing presses, call me a biggot if you like.
So from my standpoint, i am about to get hit from the madness other people brought on themselves. Not directly, since i don't live in the united states. But indirectly, since the country i live in do export a large sum of goods to the united states. Now remembering the tulip crisis of holland. http://www.stock-market-crash.net/tulip-mania.htm
Even with or without a gold standard a lot of innocent people where hit by the craze of the times. I want to minimize that target area, yes my business may be bad for some times due to the failing markets. But no, there are no means for the federal reserve to further bring havoc upon me, this by starting the printing presses (if one would have pegged it to gold standard)
I thank you for your link about the gold standard but i have already read it and some other material concerning this subject. Please keep in mind that I'm struggling throe bot language and culture barriers to get my message throe
No i am not the least happy about the coming recession. And no i do not live in the eurozone.
The point of my argument is that even after 100 years of the new economic theory[1] the people in charge still manages to screw things up. Now you got a desperate federal reserve trying to evade the coming crisis. As we speak they are activle devaluing the dollar, or said in plain English, taking value from your wallet.
Now, suppose they only cold print a dollar note for every ounce of gold they have in the reserves? Do hold in mind that the looming sub prime crisis all is to blame upon the institution's said to protect your money. One of these institutions is federal reserve.
-But hey, housing can only go up! Perhaps there would not be a recession as you would argue...
[1]According to what economic school one might ponder?
>Wow. Way to ignore everything we've learned about economics in the last 100 years.
I'm sure you know about the us economy is crashing right as we talk? Even without a gold standard i am not that sure federal reserve can handle it.
But i give you credit in this, with federal reserve we can all have that cosy socialist feeling when we help those poor bastards that screwed up. You know, the sub prime bailout. Personally i go for gold.
Its called selling a story. You do it so you could get the readers interested. And then later profit.
No load? Please do visit a european country on new years eve, basically all service is out between 23.30-01.00 Just because of the "no load" sms.
Because you are supposed to be a citizen in "the land of the free" ? How ironic, built on immigration, now you are doing our best to forget your countrys glorios past and it's ideas.
It sounds like the first time i was in Turkey, about the year of 2006. Going along with my Turkish friend we where deep in the suburbs of Istanbul. When trying to find a parking space for our car we had a grouelling search by the guards who where there to reissure nobydy tried to blow up the buisness complex.
:|
It sounds a bit familiar to your story. Trying to find everlasting peace in a foregin country. Personally i was a bit amused of what had happend to me. -Surely, this country must be att bit -left behind. These things for a fact wont happen in my native country Sweden. One must go abroad to encounter things like this.
Well to make a long history short, It's somewhat of a wakeup call to read about what is happening in the U.S., as i personally came to see in Turkey. The headline ought to spell, -History repeats itself.