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Frequent Contributor

Re: The Myth of Market Manipulation

Top Five Reasons that gov't regulation leads to economic malaise,

1) government regulators are the biggest buffoons found in society. These" Watchdogs" are like a cocker spaniel watching an orgy, they don't understand what is going on, all they know is that they want in on it.

2) the FDIC is a horrible idea. Bank runs are the only way to keep banks honest and to punish fractional reserve lending. The FDIC guarantees taxpayer will pay for bad management, not the bank.

3) the public ssumes if Uncle Sam puts stamp of aproval on an investment, it must be kocer. Hence more money flows into the investment than otherwis would. Making the inevitable crash worse yet.

4) a friend of mine is an insurance company examiner for the state. He told me that if he blew the whistle on solvency, the house of cards would crash. His boss (governor) don't want that.

5) greedy liars will try to fleece innocent investors, by creating the false sense of security that regulation is, these crooks get a pass.

The result of removing healthy bank runs from the system is ultimately an over-reaching political class, and the turning of cash into trash.
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Senior Contributor

Re: The Myth of Market Manipulation

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Veteran Advisor

Re: The Myth of Market Manipulation

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Veteran Advisor

Re: The Myth of Market Manipulation

Sorry but I don't buy it. Da gubmint probably is your enemy insofar as it has been captured by monied interests.

 

But the only recourse is to either recapture the government or bring the whole system down.

 

And if you're going to bring it down you'll need to go all the way because if you leave any plutocrats standing they'll just own everything.

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Frequent Contributor

Re: The Myth of Market Manipulation

I reckon da gubmint is my enemy insofar as its getting taken over by monied interests is precisely the natural order of things once centralized authority gains power.

The only way to halt the lobbyist proffession is to simply reduce the role of government. A politician with no power isn't somebody a lobbyist works on.

That's not gonna happen. Instead, government power will gain, the American people will continue becoming increasingly unproductive, the trade deficit will widen, our ability to repay debt will diminish, our need for more welfare will rise, and hyperinflation will result. The Brazilification of America is a trend that knows no reverse.
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Highlighted
Advisor

Re: The Myth of Market Manipulation

I heard on either Fox business news or CNBC that China is updating and expanding their electrical grid.  For this they will consume 10% of known world copper reserves.  If true, it is an amazing fact.

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Senior Contributor

Re: The Myth of Market Manipulation

Out of curiosity, why did the photo gallery, which is interesting, not explain the background? Or the reasons this city was built? I'd refer you back to the article I posted, and be sure to click to expand it so you can read the whole thing.

 

The most fascinating issue is the power of central economic planning and financing in terms of deciding a situation needs to be changed vs the incremental approach used by democratic captialism. Development in each is a different paradigm. But the idea that there are many empty cities based on this one coal economy in Mongolia and is representative of a sham economy ios laughable at least.

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Veteran Advisor

Re: The Myth of Market Manipulation

I really don't have any idea what to think about the sustainability of the Chinese economic system.

 

Having watched the 1994-96 situation in corn unfold in real time I'll remain open to beleiving that we don't understand it as well as we think we do but again, I just don't know.

 

I do find it interesting that on the one hand we are told that casino capitalism needs to be protected because everyone knows that "free" markets know better than governments how to allocate resources, then I'm told that centrally planned eonomies are inherently superior.

 

They can't have it both ways, or maybe they can- maybe only Asian bureaucrats are all knowing.

 

Best, h

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Veteran Advisor

Re: The Myth of Market Manipulation

PS  WSU got a chance agaisnt Stanford?

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Senior Contributor

Re: The Myth of Market Manipulation

Not a chance. I guess you could try the long shot and bet in Vegas. Wouldn't have to bet much on WSU to get filthy rich if some miracle occurred.

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