Comments on: Chancellor: Zero-coupon bonds are not a joke Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: donjamar Sat, 27 Aug 2016 05:45:17 +0000 All these suggestions are the result of the bankruptcy of our political system where our legislators can be (legally) bought to do the bidding of those who can profit from the neutralizing and destruction of all the measures enacted to secure our financial stability and security, the excellent laws and regulations enacted in the 1930’s following the Great Depression.
The collapse of 2000 was due the failure of the Central Bank to use its margin power to reign in the wild speculation due to a seemingly mixture of political considerations and cowardice. The present economic malaise is the direct result of giving the finance industry a free hand to speculate with other people’s money (OPM), to sell bricks wrapped in gold foil as gold bullions a/k/a subprime mortgages bonds. All that due is to having eliminated what the wise men had achieved after the Great Depression.
All we need to do is to elevate the ethical standards of our legislature by removing the need for large amounts of money to get and stay elected. England would be a good example.
By the way, those who believe we are out of the woods yet will have to change their views in the near future.

By: hometown Fri, 26 Aug 2016 22:28:35 +0000 So now the central bankers wish to become the only bankers? Please tell me we can get rid of our socialist overlords in this election cycle.