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POPSFresh gains add to markets rally Here comes the long awaited bounce, but it is pent up hope, not pent up demand. Still money can be made on the way up. So that is what the banks will do. Governments have made them into a can't lose business. No wonder everyone is investing in banks. Of course, the ultimately the price will be the destruction of national currencies. Some people think that this is the goal of policy, so that a Euro-like global currency will be deployed to save the day. They are, of course, labeled as conspiracy theorists.
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POPSNo cash? Barter for services with "dibits"
In the First Great Depression, the use of local community currencies ("script") exploded across the United States. Roosevelt sent a senior member of his Cabinet (I think it was John Foster Dulles, the Secretary of the Interior) to tour the country to find out what was going on. After a few months research, the Secetrary returned to report that the local "script" currencies were thriving and were starting to turn things around. But then he told the President that if the Federal Government lost control of the money system, it would lose control of the country. Local currencies were then outlawed and the New Deal, according to which the Federal Government borrowed and dispersed all monies, was hatched. Obama is trying the same trick in his new New Deal. If it does not succeed -- and our findings indicated that success is unlikely -- then he might be open to letting people create and trade in their own local bartar currencies, as well as give each other interest-free credits. One lesso
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POPSWhy Obama’s new Tarp will fail to rescue the banks The writer is a heavy-weight FT analyst. In simple terms, Obama's TARP policy falls between the two proverbial stools. Giving up the Fed's monopoly on currency, allowing for the blooming of new local, people's currencies is the answer, as it was during the last depression.
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POPSMADOFF AS METAPHOR My fear is that the destruction of national currencies is part of a plan by the financial elites to set up and enforce a single global currency regulated by the IMF or the World Bank. The right answer, of course, is the opposite, which is to encourage the blossoming of community currencies.
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POPSRipple Home made money for a home made economy ...
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POPSCrisis wreaks havoc on shares The Feds are down to their last round of ammunition, but the crises are still coming at them in multiplying numbers. The big problem is not about interest rates, it is the fact that the principle will never be repaid. The banks know this, but the Feds do not.
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