Comments on: Measuring Financial Innovation and its Impact http://www.aleablog.com/measuring-financial-innovation-and-its-impact/ Alea Jacta Est Tue, 07 Sep 2010 13:59:07 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Larry http://www.aleablog.com/measuring-financial-innovation-and-its-impact/#comment-3421 Larry Thu, 27 Aug 2009 06:41:31 +0000 http://www.aleablog.com/?p=4077#comment-3421 Common phrases used to white-wash corruption include "lack of transparency = hidden in darkness) and "new financial instruments, also called financial-innovations = fraudulent representations" The regulators were bought. They allowed "financial innovation" (read crookery). New "financial instruments" and "derivatives" (read all too loosely defined ) were allowed to be white-washed and used for the sake of gaining new commissions on top of already multiplied commissions,....and all this on the back of already multiplied fiat "money" ie the FRBS (Fed Reserve Banking System , see Creature from Jekyll Island) multiplies interest on money they don't own, this is mathematically defined as infinite interest, but de-facto legalized. On top of interest, they multiply the fiat times 9, then their banks x5 or more, then further credit systems multiply the totals again, then Fannie Mae leverages those results up to another 100x as testified before congress, then AIG execs innovated new layers of insurance derivatives, Credit Default Swaps and others, with more multiplied commissions, and only the perpetrators know what other instruments circulated around the world, clear to China with multiplied leverages of money, all based on a false fiat debt system of the Creature From Jekyll Island. And the American people get held liable to pay all the profits put into the pockets of those criminally abusive finance-innovators (read "thieves in the night of darkenss without transparency), and the regulators protect themselves by failure to expose it all. Just look at what congressman McDonald was doing prior to his plane being shot down, talking John Birch talk about the Creature from Jekyll Island. If you're ignorant of what that is, buy the book. All that money disappeared into deep pockets, dark holes, and the American people get to pay for it all. Wow. What a deal. And who in our congress will stand up. I know a few who are. Ron Paul is one, and others are now joining his move to audit the FRBS as never before. If American's won't take back control of their money, how can they expect anything else to be made right ... Common phrases used to white-wash corruption include “lack of transparency = hidden in darkness) and “new financial instruments, also called financial-innovations = fraudulent representations”

The regulators were bought. They allowed “financial innovation” (read crookery). New “financial instruments” and “derivatives” (read all too loosely defined ) were allowed to be white-washed and used for the sake of gaining new commissions on top of already multiplied commissions,….and all this on the back of already multiplied fiat “money” ie
the FRBS (Fed Reserve Banking System , see Creature from Jekyll Island) multiplies interest on money they don’t own, this is mathematically defined as infinite interest, but de-facto legalized. On top of interest, they multiply the fiat times 9, then their banks x5 or more, then further credit systems multiply the totals again, then Fannie Mae leverages those results up to another 100x as testified before congress, then AIG execs innovated new layers of insurance derivatives, Credit Default Swaps and others, with more multiplied commissions, and only the perpetrators know what other instruments circulated around the world, clear to China with multiplied leverages of money, all based on a false fiat debt system of the Creature From Jekyll Island. And the American people get held liable to pay all the profits put into the pockets of those criminally abusive finance-innovators (read “thieves in the night of darkenss without transparency), and the regulators protect themselves by failure to expose it all.

Just look at what congressman McDonald was doing prior to his plane being shot down, talking John Birch talk about the Creature from Jekyll Island. If you’re ignorant of what that is, buy the book. All that money disappeared into deep pockets, dark holes, and the American people get to pay for it all. Wow. What a deal. And who in our congress will stand up. I know a few who are. Ron Paul is one, and others are now joining his move to audit the FRBS as never before.

If American’s won’t take back control of their money, how can they expect anything else to be made right …

]]> By: Don the libertarian Democrat http://www.aleablog.com/measuring-financial-innovation-and-its-impact/#comment-3353 Don the libertarian Democrat Mon, 27 Jul 2009 13:48:43 +0000 http://www.aleablog.com/?p=4077#comment-3353 "During the general discussion it was noted that banking crises seem to have become more widespread and regular. Was this the result of innovations which often resulted in a good idea being overextended into inappropriate areas with negative consequences for financial stability? Could statistics show where such overextensions occurred so that crises could be avoided? Could statistics measure innovations more pro-actively?" These are good questions. I don't think so, which is why I support Narrow Banking for a base system and taxes on bank size, for example. Except for Leverage and other basic metrics, what would you measure? Since Irving Fisher is the guiding light of this group, how about taking a fresh look at his views? Narrow Banking, Stamping, etc. Especially if more crises are coming our way regardless. “During the general discussion it was noted that banking crises seem to have become more
widespread and regular. Was this the result of innovations which often resulted in a good
idea being overextended into inappropriate areas with negative consequences for financial
stability? Could statistics show where such overextensions occurred so that crises could be avoided? Could statistics measure innovations more pro-actively?”

These are good questions. I don’t think so, which is why I support Narrow Banking for a base system and taxes on bank size, for example. Except for Leverage and other basic metrics, what would you measure? Since Irving Fisher is the guiding light of this group, how about taking a fresh look at his views? Narrow Banking, Stamping, etc. Especially if more crises are coming our way regardless.

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