http://www.freerepublic.com/tag/money/ en-us Fri, 10 Oct 2008 11:57:43 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2102153/posts Monetary base growth over 600% at annual rates. St. Louis Fed | Economic Research http://www.freerepublic.com/focus/f-news/2102153/posts#comment Fri, 10 Oct 2008 11:57:43 GMT http://www.freerepublic.com/focus/f-news/2101625/posts The Dow Jones industrials fell under 9,000 this afternoon for the first time since the summer of 2003 as investor confidence that markets would stabilize appeared to collapse. At 3:40 p.m. ET, the blue chips were down 641 points, or 6.9%, to 8,617. The Standard & Poor's 500 Index was off 74 points, or 7.5% to 911. The Nasdaq Composite Index was down 94 points, or 5.4%, to 1,646. The S&P fell under a closely monitored support level of 960. A support level is important because it is supposed to trigger new buying. At those levels, the crash of 2008... msn.com http://www.freerepublic.com/focus/f-news/2101625/posts#comment Thu, 9 Oct 2008 19:59:03 GMT http://www.freerepublic.com/focus/f-bloggers/2100620/posts CNBC will only show market gyrations from the waist up American economists say that economic mood swings indicate the country is facing a possible Great Manic Depression. The stock market has been up, down, down severely, up severely, down, up, and down and down again over the past 14 trading sessions. Market bottoms have been pronounced eight times, about the same amount of times that market experts pronounced that there was no bottom in sight. Glendale Snardley, an economist from the Greater Altoona Business School, said that market shows no signs of stabilizing. Charts are starting to resemble the thought... DotPenn.com http://www.freerepublic.com/focus/f-bloggers/2100620/posts#comment Wed, 8 Oct 2008 17:39:48 GMT http://www.freerepublic.com/focus/f-news/2100056/posts NEW YORK, Oct 7 (Reuters) - Unprecedented demand for precious metals and volatile markets forced the U.S. Mint to cease production for the half-ounce and quarter-ounce popular American Eagle gold coins for the rest of this year and to supply other bullion coins on an allocation basis. "Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high," the U.S. Mint said Monday in a memorandum to its authorized coin dealers. "The U.S. Mint has worked diligently to attempt to meet demand,... Reuters http://www.freerepublic.com/focus/f-news/2100056/posts#comment Wed, 8 Oct 2008 01:12:58 GMT http://www.freerepublic.com/focus/f-news/2099841/posts The World in Crisis: Where are the Safe Havens? Axel Merk, October 7, 2008 Merk Insights provide the Merk Perspective on currencies, global imbalances, the trade deficit, the socio-economic impact of the U.S. administration's policies and more. We have been warning for some time that “there is no such thing as a safe asset anymore, you have to take a diversified approach to something as mundane as cash.” Unfortunately, the current crisis shows that we may be right. Physical gold is attractive to many investors because of its lack of counter party risk. The only counter party risk with gold... Merk Insights http://www.freerepublic.com/focus/f-news/2099841/posts#comment Tue, 7 Oct 2008 20:20:04 GMT http://www.freerepublic.com/focus/f-news/2098844/posts "Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my... Raging Debate http://www.freerepublic.com/focus/f-news/2098844/posts#comment Mon, 6 Oct 2008 18:40:47 GMT http://www.freerepublic.com/focus/f-religion/2098761/posts Meanwhile, Pope Benedict XVI addressed the Bishops gathered in Rome to begin a Synod of study on the Word of God. He reminded the faithful that the crisis should be a reminder that"He who builds only on visible and tangible things like success, career and money builds the house of his life on sand".... Catholic Online http://www.freerepublic.com/focus/f-religion/2098761/posts#comment Mon, 6 Oct 2008 17:03:55 GMT http://www.freerepublic.com/focus/f-news/2098692/posts C O M P A R A T I V E R E T U R N S Range 12/30/94 - 12/29/06 Securities Prc Appr Total Ret Annual Eq SPX Index 208.82 % 279.45 % 11.75 % Range 12/29/06 - 10/ 3/08 Securities Prc Appr Total Ret Annual Eq SPX Index -22.50 % -19.73 % -11.71 % Bloomberg Terminal Calculation http://www.freerepublic.com/focus/f-news/2098692/posts#comment Mon, 6 Oct 2008 15:46:15 GMT http://www.freerepublic.com/focus/f-news/2097781/posts When credit markets seize up, when financial instruments disintegrate, when the dollar fails -- it's not because Alan Greenspan was not sufficiently omniscient. He wasn't, true. But no one ever was. No one ever could be.If capitalism depends on designating a person of godlike abilities to manage demand and supply for all forms of money and credit -- currency, demand deposits, money-market funds, repurchase agreements, equities, mortgages, corporate debt -- we are as doomed as those wretched citizens who relied on central planning for their economic salvation The Wall Street Journal http://www.freerepublic.com/focus/f-news/2097781/posts#comment Sun, 5 Oct 2008 03:43:28 GMT http://www.freerepublic.com/focus/f-news/2096271/posts I'm sorry for the vanity but I have a question for our economists on this site. I'm in the process of moving at least some of my investments into more secure holdings. However, I was wondering if it would be possible that pumping $1T into the economy could trigger hyperinflation. I've been reading through this issue on various sites and it seems that some feel that hyperinflation could be trigger by the government failure to find buyers or pumping large amounts of dollars into the economy without proper tax revenues. Has there been any serious thought given about this issue... Self http://www.freerepublic.com/focus/f-news/2096271/posts#comment Fri, 3 Oct 2008 01:36:27 GMT http://www.freerepublic.com/focus/f-news/2094934/posts MEXICO CITY - Mexicans living in the U.S. sent home 12 percent less money in August, the largest drop on record since the Bank of Mexico began tracking remittances 12 years ago, the central bank reported on Wednesday. Remittances began dropping early this year, economically stranding many small towns and neighborhoods that live off the stipends. The Bank of Mexico said remittances will likely continue to fall in the coming months because of the "difficult problems the U.S. economy faces." The bank said remittances in August dropped 12 percent to US$1.9 billion. That compares to US$2.2 billion in August 2007. AP on Yahoo http://www.freerepublic.com/focus/f-news/2094934/posts#comment Wed, 1 Oct 2008 16:01:50 GMT http://www.freerepublic.com/focus/f-bloggers/2094610/posts For weeks, I've watched it unfold, like an excruciating slow motion train wreck. One that I saw coming from far away, but was helpless to do anything about. I and a handful of others seem to be the only people in the entire country who gave a damn, and worse yet, those who had the power to fix it, who could have saved our country with a wave of a pen, a few written words passed into law, instead facilitated our demise. They sold us down the river, they destroyed the country that I truly believed in my heart could... The Faulking Truth http://www.freerepublic.com/focus/f-bloggers/2094610/posts#comment Wed, 1 Oct 2008 04:32:47 GMT http://www.freerepublic.com/focus/f-news/2094051/posts More than half of the whopping $426.9 million Barack Obama has raised has come from small donors whose names the Obama campaign won't disclose. And questions have arisen about millions more in foreign donations the Obama campaign has received that apparently have not been vetted as legitimate. But because of Obama’s high expenses during the hotly contested Democratic primary season and an early decision to forgo public campaign money and the spending limits it imposes, all that cash has not translated into a financial advantage — at least, not yet. The Obama campaign and the Democratic National Committee began September... Newsmax.com http://www.freerepublic.com/focus/f-news/2094051/posts#comment Tue, 30 Sep 2008 16:52:31 GMT http://www.freerepublic.com/focus/f-bloggers/2093964/posts Though he hasn’t yet been elected president, the Democratic National Committee has called for the minting of coins with presidential nominee Senator Barack Obama’s image on them. Traditionally, no living person has ever appeared on U.S. money of any kind. The proposed break with precedent is being labeled “educational.” “Many people in this country don’t know who is president,” DNC chairman Howard Dean said. “By having the president’s face and name on our coins we will have a daily instruction on who is ruling this nation.” A Semi-News/Semi-Satire from AzConservative http://www.freerepublic.com/focus/f-bloggers/2093964/posts#comment Tue, 30 Sep 2008 15:38:02 GMT http://www.freerepublic.com/focus/f-news/2093605/posts Our wretched economy of false valuations cannot continue much longer. It is the domestic counterpart of President Bush’s past friendship with Vladimir Putin. It is the fantasy world of an everlasting bull market and “successful” government bailouts. The political leadership in America has demonstrated that it doesn’t understand economics. They cannot solve the present crisis unless they go back to school and consult the wisdom they have so long neglected. They have built their post- Cold War world on a false boom, on false “partnerships” with enemies. They have permitted a policy of credit expansion without end. “Credit expansion,” wrote... financialsense.com http://www.freerepublic.com/focus/f-news/2093605/posts#comment Tue, 30 Sep 2008 01:52:28 GMT http://www.freerepublic.com/focus/f-news/2092428/posts 1. The Federal Reserve cut interest rates to as low as 1% so that after inflation we had negative interest rates. Mises Institute http://www.freerepublic.com/focus/f-news/2092428/posts#comment Sun, 28 Sep 2008 16:45:23 GMT http://www.freerepublic.com/focus/f-religion/2091560/posts With the economy and money and the preoccupation (along with their veneration) joining the ranks of other "dark signs of the times" I offer this little glimmer of insightful light. Contrary to the delusional adage: "You can't take it with you" --- quite to the contrary --- we most certainly can, and do, take it with us. That is, our money, but more precisely, "our greed for money". Or, to use the more universal and timeless wording for money as found in the Scriptures, - "silver and gold". So let it be known --- "WE CAN TAKE IT WITH US"... http://www.freerepublic.com/focus/f-religion/2091560/posts#comment Sat, 27 Sep 2008 03:48:16 GMT http://www.freerepublic.com/focus/f-bloggers/2090929/posts Idea for Paulson and Bush: Why not have a fundraiser in order for Americans to open their wallets and donate to this bailout cause? I mean, we're asked to open our wallets for many things -- hurricane relief, Sept. 11th fund, overseas natural disasters (tsunami, etc.) -- why not have Americans write checks to benefit the U.S.? Also, Obama's campaign has made over $460 million in the past 2 years, and McCain has made less. Why not donate all of this campaign money to this cause after this election cycle is over? Finally, where are our allies and why don't... Self http://www.freerepublic.com/focus/f-bloggers/2090929/posts#comment Fri, 26 Sep 2008 11:15:43 GMT http://www.freerepublic.com/focus/f-news/2090267/posts I don't know about the rest of you, but this really tickled my funny bone.http://www.youtube.com/watch?v=ZKi9tOBaNPA YouTube http://www.freerepublic.com/focus/f-news/2090267/posts#comment Thu, 25 Sep 2008 16:09:13 GMT http://www.freerepublic.com/focus/f-news/2088355/posts Watch the money flow. Obama dollars can tell us a lot. 1. $120,349. Other People's Money. Senator Obama received more political contribution money from now-collapsed mortgage banks Fannie Mae [Federal National Mortgage Association] and Freddie Mac [Federal Home Loan Mortgage Corp] than all but one of the 353 other senators and congressmen who received political contributions from these two entities which were recently taken over by the federal government. Even more dramatic is the fact that 19 years (from 1989 - 2008) of Fannie Mae and Freddie Mac political contribution statistics show Senator Obama received his $120,349 despite having been... American Thinker http://www.freerepublic.com/focus/f-news/2088355/posts#comment Tue, 23 Sep 2008 11:40:20 GMT http://www.freerepublic.com/focus/f-news/2088242/posts Given last week's dramatic events — the bankruptcy of Lehman Brothers, the end of Merrill Lynch's independence, and an $85 billion US-government bailout of insurer AIG — most financial institutions are likely to become more sensitive to the state of their net worth. For instance, all it takes for a financial institution that has a net worth of $30 billion and assets of $600 billion to go under is for the value of assets to fall by 5%. In the current financial climate, it can easily happen; hence, most financial institutions are not immune from the potential threat of going... Ludwig von Mises Institute http://www.freerepublic.com/focus/f-news/2088242/posts#comment Tue, 23 Sep 2008 03:39:44 GMT http://www.freerepublic.com/focus/f-news/2086551/posts THIS IS A VERY LONG VIDEO, BUT WORTH AN ENTIRE COLLEGE COURSE --- FOR FREE ( MAKES YOU WONDER WHY THEY DON'T TEACH THIS IN COLLEGE ). IF YOU WANT TO UNDERSTAND HOW THE US FINANCIAL SYSTEM GOT INTO THE MESS IT IS IN TODAY, THIS IS A VIDEO WORTH WATCHING IN ITS ENTIRETY. CLICK THIS SITE : http://video.google.com/videoplay?docid=-9050474362583451279 Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and... Google Video Course http://www.freerepublic.com/focus/f-news/2086551/posts#comment Sat, 20 Sep 2008 15:15:13 GMT http://www.freerepublic.com/focus/f-news/2085487/posts Eager to show that he feels people's pain, President Bush told the country Thursday his administration is working feverishly to calm turmoil in the financial markets. With reports swirling of possibly imminent new government action, the president met with his treasury secretary and the head of the Federal Reserve. Nothing was announced immediately after the 40-minute meeting at the White House, which included Securities and Exchange Commission Chairman Christopher Cox, along with Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke. White House spokesman Tony Fratto would not comment on whether any decisions were made at the session, or whether... http://news.yahoo.com/s/ap/20080918/ap_on_go_pr_wh/bush_markets&printer=1;_ylt=AiEgqLZ6uoD9nqYmnUgo2 http://www.freerepublic.com/focus/f-news/2085487/posts#comment Fri, 19 Sep 2008 01:02:42 GMT http://www.freerepublic.com/focus/f-bloggers/2084415/posts Media tell Americans: Well, you have to go broke someway. Citing its mission to inform the public and to secure better ratings and higher single-copy sales, America's media is doing its part to reassure Americans that the demise of the economy is certain. After an unprecedented sell-off on Wall Street that has happened numerous times before, the leaders of America's media establishment helped Americans with jarring headlines and spooky, omniscient pronouncements that the financial end is near. Gerald DePepperdeu, assistant financial demise editor for the New York Times, said the mission of the media is to deepen a crisis by... DotPenn.com http://www.freerepublic.com/focus/f-bloggers/2084415/posts#comment Wed, 17 Sep 2008 16:59:52 GMT http://www.freerepublic.com/focus/f-news/2084316/posts One of the original and largest money market funds has put a seven-day freeze on investor redemptions after the net asset value of its shares fell below $1, in a rare instance in the fund industry of what is called "breaking the buck." Primary Fund (RFIXX), managed by New York-based money market fund inventor The Reserve, said late Tuesday that its $785 million holding of Lehman Brothers Holdings debt has been valued at zero. As of 4 p.m., Eastern, the value of the fund's share was 97 cents. The Reserve said that redemption requests received before 3 p.m. will be... MarketWatch http://www.freerepublic.com/focus/f-news/2084316/posts#comment Wed, 17 Sep 2008 15:14:08 GMT