SR4 - Nov. 16, 2009 - The Still Report on the Economy
Uploader Comments (bstill3)
All Comments (23)
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was this the report referenced in the report on the secret of oz being censored on amazon?
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Thanks Bill I'm learning a lot from your videos!
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you are indeed a man of truth! keep up the good work!
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Consistently EXCELLENT Mr. Still!
Please keep up the outstanding work of trying to save our country, our feedom, ourselves.
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Derivative trillions are money that has been created by investment companies as debt, without authority from anyone except that the law does not prevent them from doing it.
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Bill, i think you're awsome. keep up the good work!
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Värdeskapande
Schumpeter beskriver entreprenören som den verkliga värdeskaparen, då denne bryter ett equilibrium genom innovation som skapar mer nytta. Marknadsfunktionen är en viktig del i ekvationen för att prissätta nyttan.
Om prissättningen kan optimeras skulle då marknadsfunktionen vara överflödig? Svar JA,
Ben, love the video, well done on the history, but I do wonder where you get the $700 Billion interest payment on a debt of $12 Trillion? Especially when the Treasury reported the total interest for 2009 at $383 Billion?
BrianJConsidine 2 years ago
Hmmm, odd you would bring that up here, since it's not mentioned in this report. In any case, that's the best estimate I could come up with for this fiscal year. No one believes the government numbers at this point.
bstill3 2 years ago
Bill, believe the derivatives number you quote at the 2:30 mark or so is the NOTIONAL...not the fair value at a particular date.
kzajac001 2 years ago
Those are figures available to everyone on the Treasury's website.
bstill3 2 years ago
I don't understand. Do you think I'm being unfair. It's a big number that illustrates the hold Morgan has on the world economy. Keep in mind, I also mentioned that Morgan's net assets was $1.6T. What's the beef?
bstill3 2 years ago
I tend to think that if private banks didn't have a legal monopoly on money creation and the FDIC didn't exist, we wouldn't really need to heavily tax or ban derivatives trading. Such insane risk all seems due to the banks enjoying this powerful position and the deposit insurance by the FDIC making depositors apathetic towards what their banks are doing.
When you can create money out of nothing and the government underwrites your nonproductive speculation, the potential for abuse is monstrous.
ReddHeretic 2 years ago
Good idea! But, that doesn't solve the underlying problem -- $700 BILLION a year goes to pay interest on the National Debt -- TOTALLY UNNECESSARY! Obamacare bill = $100 billion a year! WAKE UP!
bstill3 2 years ago