Recent Comments

I should explain that in my research I'm hoping to find out just what kind of banking milieu by the private bankers led to the establishment of central banks. Venice, Amsterdam, England, etc.

Than-q, DOB! 👍

Quicksand?

Here's another example of what I mean:
https://www.zerohedge.com/political/a...

No.

Yep. Still laughing...

It's true. Only the knuckle-draggers will be voting for Harris-Walz!

Have you read The Creature From Jekyll Island?

I understand your point, Abaco, but I can't reconcile your title with what you wrote. I kept looking for liberal lunacy, and all I saw was liberal normalcy. But I do agree with your last point; regardless of who wins (no, I don't believe Trump has a snowball's chance in Hell of defeating the Democrat vote manufacturing machine) we will be deep in it post-election.

We don't have proof. Yet. You did read my comment that referred to von Gwinner's assessment of central banking?

Currently I'm researching early banking, and early central banks, England and elsewhere. When I have more info I'll let you know.

In accusing the Fed of being a cartel of banking interests, you are overlooking the content of their quasi-governmental directorates.

Desperately disgusting!
You'd think only knuckle-dragging dunces with base bottom IQs would fall for Kommiela and Benghazi Killary calling Trump Hitler and MAGA Nazis with smiles on their ugly faces.

Tomorrow I leave the country. I've been accused of election interference for barricading cemeteries.
But really, we are setting up reception areas for Blue expats. Wish me extended stay.

Unless they are in the banking cartel. Then you are on the hook for all their mistakes.

I'm surprised that many businesses actually made it through covid.

Yeah, and so the people become shiftless, sort of.

Or the government, and I think the U.S. already has, lost its 'full faith and credit'. Hard to get loans that way!

But the Fed is owned by the banking cartel with a vested interest in maximizing their profits, wealth, and power and with no regard to who they cripple or kill unless it benefits them.
They should have zero power outside their own cartel, and if the cartel is anti-competitive to the economy (which it obviously is) then the cartel should be broken up never to be allowed power again.

I think there's a bit of tweaking going on there! I've always liked probability, it is mathematical in nature, but econometrics and sometimes statistics sometimes seem like, guesswork!

yes. I think TGIF restaurants are about to go through that.

absolutely. at least if I dont own their stock, I am not made to pay for their mistakes. With government debt, I have to pay regardless

Statistics and Probability were a couple of college classes I just could GET. So I have to hand it to the actuaries who get it right. I have no idea how they do it.

And the moral of THAT story is to run the business well!!

Yes, and the value of those shares drops dramatically, once a corporation goes bankrupt. Could be why mergers, acquisitions and buyouts are done often.

the stockholders pay eventually in terms of the value of the shares they own I suppose.

Ever hear of an actuary? An accountant-mathematician who uses statistics and such to 'predict' losses based on the Law of Large Numbers.

Not an exact science, but in the long run, if his numbers are good, and the underwriter knows what he is doing, the company can make a profit.

You are aware that English explorers and discoverers were underwritten by Lloyd's in coffee houses in London, beginning somewhere around the 16th century?

They say you can give a Lloyd's underwriter the bones of a risk, and he can give you a rate off the top of his hat.

Let me add to that, that if an insurance company makes a pretty good profit one year, the next year he can discount his rates and premiums from the actuarial numbers, and so compete from a better position.

The whole election thing looks like its run by the left in honor of josef goebbels of nazi fame. Its disgusting actually.,