You'd be wrong on the history of that

Post #164,401 by ben_tilly 7/14/04 10:49:47 AM Reply	You'd be wrong on the history of that On the tail of the banking crisis, Roosevelt issued [link\|http://www.the-privateer.com/1933-gold-confiscation.html\|http://www.the-priva...confiscation.html]. This resolved one of the major problems that the USA was having, that people were taking advantage of the difference between the cost of gold and US dollars to convert the latter into the former and move it out of the country. Therefore, whether or not the fundamental banking problem was caused by gold, the banking crisis had a lot to do with gold. Specifically it caused a lot f gold-related problems that the US government had to deal with. And the government took extreme actions to resolve them, see [link\|http://www.the-privateer.com/gold2.html\|http://www.the-privateer.com/gold2.html] for a short list. Incidentally based on that list, I strongly suspect that Norm got his history mixed up. (Shocking, I know.) Yes, there were big problems involving the French and gold, but they related to why the USA officially went off the gold standard several decades later, and had nothing to do with the banking failures. Cheers, Ben To deny the indirect purchaser, who in this case is the ultimate purchaser, the right to seek relief from unlawful conduct, would essentially remove the word consumer from the Consumer Protection Act - [link\|http://www.techworld.com/opsys/news/index.cfm?NewsID=1246&Page=1&pagePos=20\|Nebraska Supreme Court]
Post #164,408 by boxley 7/14/04 11:21:39 AM Reply	try horses mouth [link\|http://www.multied.com/documents/Bankingcrisis.html\|http://www.multied.c...ankingcrisis.html] What, then, happened during the last few days of February and the first few days of March? Because of undermined confidence on the part of the public, there was a general rush by a large portion of our population to turn bank deposits into currency or gold-a rush so great that the soundest banks couldn't get enough currency to meet the demand. The reason for this was that on the spur of the moment it was, of course, impossible to sell perfectly sound assets of a bank and convert them into cash except at panic prices far below their real value. into cash or gold, not specifically gold. They wanted money under mattresses instead of in the bank. This could happen today. The above quote is from a radio address by the president. thanx, bill Anchorage AK: House for sale 3 bed 1 bath 1440 sq feet huge lot near Cheney Lake 175K FSBO 813.273.3518 I wondered what Darwinian moment had to effect itself before we devolved from children flying paper flags in the sky to half formed creatures thundering in a wall of horns down the road to Roncevaux. James Lee Burke questions, help? [link\|mailto:pappas@catholic.org\|email pappas at catholic.org]
Post #164,412 by ben_tilly 7/14/04 11:38:24 AM Reply	And how does this contradict what I said? I didn't say that gold-related issues caused the banking crisis. I said that the banking crisis caused the US government to run into a lot of problems around the gold standard. Which they resolved with extraordinary measures, including confiscating all of the gold that they could reasonably get. In other words there was a big connection between gold and the banking crisis. But gold problems were an effect, not a cause. Explanations by Roosevelt to the general public of the causes of the banking crisis cannot contradict my assertion. Furthermore Roosevelt's actions demonstrated that the gold problem was considered both present and urgent. Cheers, Ben To deny the indirect purchaser, who in this case is the ultimate purchaser, the right to seek relief from unlawful conduct, would essentially remove the word consumer from the Consumer Protection Act - [link\|http://www.techworld.com/opsys/news/index.cfm?NewsID=1246&Page=1&pagePos=20\|Nebraska Supreme Court]
Post #164,414 by boxley 7/14/04 11:47:00 AM Reply	thought you were promoting gold as a cause, not effect yes, I can agree with that. thanx, bill Anchorage AK: House for sale 3 bed 1 bath 1440 sq feet huge lot near Cheney Lake 175K FSBO 813.273.3518 I wondered what Darwinian moment had to effect itself before we devolved from children flying paper flags in the sky to half formed creatures thundering in a wall of horns down the road to Roncevaux. James Lee Burke questions, help? [link\|mailto:pappas@catholic.org\|email pappas at catholic.org]
Post #164,828 by orion 7/17/04 12:52:21 AM Reply	Yet again you are wrong Does the initials FDIC mean anything to you? The government backs up bank accounts up to 100,000 US dollars. Bush wants to raise that to 300,000 US dollars. Why would people do a bank panic now if the government will cover them up to 100,000 in their account? Unless they feel the government won't honor the FDIC insurance? Please try learning some facts first before you post. *"What's the use of saving life when you see what you do with it?" - Corbin Dallas "The Fifth Element"* [link\|http://www.xormad.com:4096/district268\|I am from District 268].
Post #164,865 by boxley 7/17/04 1:14:35 PM Reply	ah, the educated fucktard raises his snout and brays [link\|http://216.239.39.104/search?q=cache:i6QWABxoBb4J:www.ots.treas.gov/docs/r.cfm%3F87069.pdf+recent+bank+run&hl=en&ie=UTF-8\|http://216.239.39.10...un&hl=en&ie=UTF-8] school aparently has enlarged your ignorance so you may spout more misinformation than ever before. twitfiltered. thanx, bill Anchorage AK: House for sale 3 bed 1 bath 1440 sq feet huge lot near Cheney Lake 175K FSBO 813.273.3518 I wondered what Darwinian moment had to effect itself before we devolved from children flying paper flags in the sky to half formed creatures thundering in a wall of horns down the road to Roncevaux. James Lee Burke questions, help? [link\|mailto:pappas@catholic.org\|email pappas at catholic.org]
Post #167,227 by orion 8/3/04 2:27:54 AM Reply	Apples and Oranges "This avoided the much higher losses that would have resulted had the FDIC been forced to sell these loans at fire-sale prices out of a receivership." So I am talking about checking and saving accounts, and you are talking about loans. Big difference there. Nice way to change the subject. *"What's the use of saving life when you see what you do with it?" - Corbin Dallas "The Fifth Element"* [link\|http://www.xormad.com:4096/district268\|I am from District 268].
Post #164,985 by inthane-chan 7/18/04 10:05:54 PM Reply	Yeah, and who pays for it? Taxpayers. So, if the banks fail, and we have to compensate everybody who has up to $100,000 in the bank, it comes out of THE FEDERAL BUDGET. Think about it. WANTED: Precognitive Telepath for adventuring Partnership. You know where to apply.
Post #165,013 by Ashton 7/19/04 8:02:49 AM Reply	{{Shhhh!}} we're not sposed to know that. Bad for 'lections
Post #167,228 by orion 8/3/04 2:30:51 AM Reply	I know that also Reagan put in the federal budget some billions to try and save the Savings and Loan companies that made very risky loans. So I ask you, which is better? A> Use taxpayer money to bail out banks and cover deposits. B> Let the bank fail and don't use any money to cover deposits. *"What's the use of saving life when you see what you do with it?" - Corbin Dallas "The Fifth Element"* [link\|http://www.xormad.com:4096/district268\|I am from District 268].

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