maple_leafs182

I disagree, if you look at current events, the tea party and OWS, it looks like the people want a libertarian candidate. I think a libertarian will emerge as a strong third party candidate, if not this election the next. It isn't my own personal agenda, that is how I see the world, I know I am not the only one. Speculate with precious metals...the stock market is for speculators, this is why you see so much volatility.

Always...that is a strong statement. It may not be the conventional form of slavery but it is how I perceive it. Nothing has changed, central banks will always be corrupt because the work to prop up established institutions. There is no freedom with a central bank.

Most are libertarians not anarchists. I see what we have now as a form of slavery. It's sort of a hybrid between wage slavery and debt slavery What happened to the last one, why did your country get rid of it? Was it because it was doing such an awesome job or because it was a corrupt institution used by a small elite for their benefit.

They can do as they please. It does seem like your country is one of the only countries that have people whom agree with me. Modern financial systems are crumbling. The BoC was created during the great depression, I think, and this is just speculation, but I think it was created for political reasons instead of what was in the best interest for the country. I like to think that the long term negative effects clearly out weigh the short term benefits. Aren't you conservative, don't most conservatives believe in the free market?

I am against central banks in general. People don't understand the monetary system, we aren't taught about the monetary system and how it works. Not once in high school did the mention anything about the Bank of Canada or the monetary system, I am in a course called Financial Systems at the University of Winnipeg, the chapter on money and central banks isn't part of the curriculum so our prof doesn't teach it. I think if people were more educated on the subject then there would be more votes to change the monetary system.

It doesn't matter if you don't worry about what the BoC does. Just because you support the concept of a central bank does not make the concept work. What is your point here?

Where is the logic in that, why would you listen to someone who clearly understand how an economy grows and why it crashes. There is a little motto I have when it comes to economists...If the economist isn't government endorsed, then they aren't worth listening to.

In order to remain competitive we need to cut taxes and possibly wages. I am all for cutting taxes but that means we need to shrink the size of our government and I don't think we are willing to do that, even the conservatives love our big Canadian government.

There is no yet again, they would just be continue to make a mockery of the free market. There is no such thing as a free market, it doesn't exist, not in Canada, not in America, not anywhere.

I don't think you do either, if you did, you would be protesting against the Fed.

It looks like it or something has quite a bit of power since it seems like it is able to force the Greek government to take a bailout without the consent of the people. If America had ample reserve taxing capacity to service its debts then the Fed wouldn't be printing money to buy up its debt. All America exports is dollars. The only reason it can export so many dollars is because it's the worlds reserve currency, countries need it for oil. Trust me, this can't go on, other countries won't accept those dollars forever. It looks like a currency war has already started, every nation is devaluing its currency to remain competitive.

Then we would be dependent on the government to regulate the banking industry. When we give governments power, people always find a way to manipulate that power to benefit themselves. It is to easy to influence and corrupt a government. I think it would only be a matter of years before that sort of system corrupts. Also, the government is inefficient, I can't see the government doing too good of a job at running the banking/monetary system. With the free market we would be the ones regulating the market. If governments didn't insure bank deposits, we would pay attention to what banks would are doing with our money. We would take our money out of the banks doing risky loans because we don't want to see our savings disappear. In a free market there would not be a fixed rates to get a loan, based on the conditions of the market and the risk of the loan, the banks would adjust their rates accordingly. In a free economy, we wouldn't be forced to use a single currency. We would be able to use whatever we wanted as money. As long as people see value in it and are willing to accept it in the market place, that's all that matters. It would be easier for our money system and economy to evolve. All in all, I really do think we would do a better job with a free market then for us to give up that responsibility and give it to the government.

It wouldn't make the other categories pointless, people don't only discuss news in them. I do think it would see the most traffic, I see that as a good thing. People should want to know and talk about the latest news. A lot of us use different sites to get our news, I think if we collected all that news and built up a good, organized database of all of it, that would make it easier for us to better informed on what is going on around the world.

Your Federal government was also intended to have limited powers. If the EU had limited powers there wouldn't be a problem. I think US is in worse shape then Europe, it is the most indebted nation in the history of the world. The only reason Europe is getting the headlines right now is because its bills have came due.

I don't see that as a problem, I see that as more of a solution. I like the idea of national sovereignty, would you want a North American Union?

Why not just look at how well the first Greece bail out worked...why do you guys think this one will have a different outcome?

I get what your saying and I would prefer that kind of system over the current system. Banks make a lot of profits so why not use that money for government programs instead of taxing the people. It also doesn't make sense for the government to get loans from banks or the BoC at interest when it could just loan itself money at zero percent interest. But who sets the interest rates? what is to stop the government from making bad policies and loaning out to the wrong people like what happened in the US and their housing market.

The banking/monetary system is the reason why the world is going to shit, we need to change it. Regulating it threw the government won't work because as you know, the government is incompetent. The best way to regulate the banking system is to regulate it threw a free market. What we have now is a totalitarian economy with central banks calling the shots, totalitarianism doesn't work. The economy is kind of in slave mode right now, we need to set it free.

Look at this forum, www.overclock.net This forum is the 100th largest forums in the world. You can't talk politics in it so I use this forum. Their news section works flawlessly, no clutter. As long as people follow the rules and there are good moderators, then it can be a very useful asset to this forum in attracting more people to this forum. Lots of people like a one stop shop to get their news. I like having the source in the title, it let's me know what the source is before I click the link.

The point of operation twist was to flatten the yield curve. It pushed short term rates up and long term down. Smaller banks borrow at the short term rates and loan out at the long term rates. So now it costs more for them to loan and the get less back for the loans they make.

You will see many more small banks fall because of operation twists. The rate at which they get loans has risen and the rate at which the loan out has fallen.

Cutting interest rates gives banks access to easy credit from the Fed. What they do with that money is up to them. It looks like they are using that money to buy Government bonds instead of loaning out money to the public.

I think at the top of the forum, above the Canadian Politics section, there should be a News section. In this area we post political or economic news. Look at my topic 'EU crisis deal' in the economics section, http://www.mapleleafweb.com/forums//index.php?showforum=27 I think that should be the posting format in the news section. It lists the source of where the news came from in the thread title, it quotes only the important part of the article, and it has the source at the bottom for people to read on. I go on other forums that have a similar news section, I often just go to those forums for the news section. I think adding that kind of section here would be a good way to attract more people to this forum. I also think adding a news section would bring better organization to the forum, right now news articles are scattered around the forum. Thoughts anyone?

You are right Dre.

I've seen debt as money before, good watch. I don't really understand the digital coin though. I'll try watching it again and maybe reading up about it.