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What is money? Doco

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  • #46
    What it doesn't mention is two things though -

    A. In 1999 the PAR was abolished and that financial institutions now 'negotiate' their liquidity ratio's.

    and

    B. Liquid assets have to be grouped into Commonwealth Government securities, State Government securities, notes and coins, and balances with the Reserve Bank. (no mention of deposits from other banks ???)

    So really, i've still got no idea how it works in Australia

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    • #47
      Originally posted by Disco View Post
      Not sure why you keep making reference to the U.S Financial regulations hairydude.... so here's something a bit more local for you. The save australia alliance ? I'd imagine you've come across them
      Fk that's nearly enough to make you cry.
      What future does this leave for our kids?
      Anyone remember Keatings excuses for bringing in the international banks?
      Eat sleep ride repeat.

      Comment


      • #48
        There is some great reading on the hows whos and whys in an excellent book called The Shock Doctrine. Highly recomended.

        What was your take on this book Hairyone.
        LEAGUE OF SINGLE TRACK CUTTERS
        aut viam inveniam aut faciam


        Admire those who seek the truth. Be wary of those who know it.
        Andre Gide


        http://www.secularhumanism.org/index...e=affirmations

        2011 Gas Gas 450
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        • #49
          QUOTE=wabi "What was your take on this book Hairyone." I did intend to answer your question wabi and now there is this reason to restore this thread.
          I'm glad to have absorbed her heavy book but it was rather draining. I read it in amongst two other adventure novels to somewhat spread the brain drain depression. Sam400 on DBW has also read Naomi's book... imo it's one of those heady pursuits like Pythagoras whereby effort becomes it's own reward.
          The SOA (Yank Army Trained South American Assassins) & the CIA's involvement/dealing in Cocaine was largely ignored, as was Israel's wider influence.
          The Ascent of Money
          ABC Thursday Nights 8.30PM: Only Three Episodes Remain

          Ep. 1: Dreams of avarice
          From Shylock's pound of flesh to the loan sharks of Glasgow, from the "promises to pay" on Babylonian clay tablets to Medici banking system.
          Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilisation.

          Ep. 2: Human bondage
          How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy.
          With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic.
          It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century.
          And today governments are asking it to bail them out.

          Ep. 3: Blowing bubbles Aired 8.30 PM Tonight on the ABC Thursday 11/6/09
          Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris.
          He draws telling parallels between the current stock market crash and the 18th century Mississippi Bubble of Scottish financier John Law and the 2001 Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.

          Ep. 4: Risky business
          Life is a risky business – which is why people take out insurance. But faced with an unexpected disaster, the state has to step in.
          Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe.
          His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.

          Ep. 5: Safe as houses
          It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?

          Ep. 6: Chimerica
          Niall Ferguson investigates the globalisation of the Western economy and the uncertain balance between the important component countries of China and the US. In examining the last time globalisation took hold – before World War One, he finds a notable reversal, namely that today money is pouring into the English-speaking economies from the developing world, rather than out.

          Professor Niall Ferguson
          Born April 18, 1964, in Glasgow is a British historian who specialises in financial and economic history as well as the history of empire.
          He is the Laurence A. Tisch Professor of History at Harvard University and the William Ziegler Professor of Business Administration at Harvard Business School. He was educated at the private Glasgow Academy in Scotland, and at Magdalen College, Oxford.

          He is best known outside academia for his revisionist views rehabilitating imperialism and colonialism; within academia, his championing of counterfactual history is a subject of some considerable controversy. In 2008, Allen Lane published his most recent book, The Ascent of Money: A Financial History of the World which he also presented as a BBC Channel 4 television series.

          http://www.youtube.com/watch?v=o3C-OaWTB_U
          http://www.bbcactive.com/BroadCastLe...asp?series=143
          http://en.wikipedia.org/wiki/Niall_Ferguson
          http://en.wikipedia.org/wiki/The_Ascent_of_Money
          I'll try to remember to remind myself and others next Thursday. Highly recommended. Entertaining and not boring at all. He's better than James Burke.

          ℬγℯ.
          The More I Learn... The Less I Know.
          That Which Doesn't Change... Stays The Same.
          Those That Don't Fall... Just Aren't Trying Hard Enough.
          Genius or Idiot... Sadly it's Defined by the Mediocre Masses... With their Hindsight.
          Dicklaimer... The Text above is to be Evaluated by a Responsible Person... Prior to Any Action Being Taken.

          *George Carlin*What We Do*No Bravery*Tell the Truth*911*Genetic Armageddon*Carbon Tax*Interplanetary Climate Change*Fracking*Shock Doctrine*Extinction Protocol*

          Comment


          • #50
            Originally posted by Charlie View Post
            I was a little concerned I was being sucked in by left wing conspiracy crap, but I had a look at a few critiques and nothing much wrong with it has been mentioned. If anyone actually knows much economics I'd love a clear perspective on it
            The first one is pretty light on for factual references but it rings true and supports your video. http://whatreallyhappened.com/WRHART...=wrhindex.html Read the operation Mockingbird so you can understand that everything you thought you understood was manufactured for your consumption...or something like that

            There is babble in there about the US reserving land as collateral for intentional debt t avoid shipping gold from its reserves OS...which is interesting to those wanting access to public lands.

            Comment


            • #51
              The Ascent Of Money - Risky Business
              ABC Television 830PM Tonight Thursday 18 June 2009

              "In tonight's episode Professor Ferguson travels to post-Katrina New Orleans to ask why the free market cannot provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan. The struggle to overcome risk has been a constant theme in the history of money, from the invention of life insurance in 1744 by two hard-drinking Scots clergymen, to the rise and fall of the welfare state. Then to the explosive growth of hedge funds and their multi-billionaire owners.

              Disasters like 9/11 and Katrina expose the limits of both traditional insurance and the welfare state. But insurance and welfare aren't the only ways to buy yourself protection against future shocks. These days the smart way of doing it is by being 'hedged'. Everybody's heard of 'hedge funds', but what exactly does hedging mean - and where did it come from?"


              http://www.economicpopulist.org/cont...-money-edition Video clips of the six episodes.

              Edit: That episode was pretty crap imo; last week's was good; hopefully next week's, about mortgages, will be better.

              ℬγℯ.
              The More I Learn... The Less I Know.
              That Which Doesn't Change... Stays The Same.
              Those That Don't Fall... Just Aren't Trying Hard Enough.
              Genius or Idiot... Sadly it's Defined by the Mediocre Masses... With their Hindsight.
              Dicklaimer... The Text above is to be Evaluated by a Responsible Person... Prior to Any Action Being Taken.

              *George Carlin*What We Do*No Bravery*Tell the Truth*911*Genetic Armageddon*Carbon Tax*Interplanetary Climate Change*Fracking*Shock Doctrine*Extinction Protocol*

              Comment


              • #52
                Originally posted by hairyone View Post
                The Ascent Of Money - Risky Business
                ABC Television 830PM Tonight Thursday 18 June 2009

                "In tonight's episode Professor Ferguson travels to post-Katrina New Orleans to ask why the free market cannot provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan. The struggle to overcome risk has been a constant theme in the history of money, from the invention of life insurance in 1744 by two hard-drinking Scots clergymen, to the rise and fall of the welfare state. To the explosive growth of hedge funds and their multi-billionaire owners.

                Disasters like 9/11 and Katrina expose the limits of both traditional insurance and the welfare state. But insurance and welfare aren't the only ways to buy yourself protection against future shocks. These days the smart way of doing it is by being 'hedged'. Everybody's heard of 'hedge funds', but what exactly does hedging mean - and where did it come from?"


                http://www.economicpopulist.org/cont...-money-edition

                ℬγℯ.
                I watched it, still couldnt understand hedge funds.
                For Sale: 07 Honda CRF250x $2800 ono

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