The World's 50 SAFEST banks...

**CVT** · March 15th, 2009 03:08 PM

Madoff may now spend the rest of his life in prison. The US household and financial and non financial firms and government may spend the next generation in debtor’s prison having to tighten their belts to pay for the losses inflicted by a decade or more of reckless leverage, over consumption and risk taking.

... And the average American taxpayers (as with the other average taxpayers in the world),- with the dogs....

7606:mobile:

**tidus1203** · March 15th, 2009 03:31 PM

I have said this previously on other threads already and I will say it again here. After the gold standard was removed, money became dishonest. The fiat system is a huge pyramid requiring new money (thus inflation) to be created in order to sustain it... With the huge contraction of money circulation the pyramid is cracking and the governments are scrambling to print, spend and create money to keep the scheme going...

**Gen. Miting** · March 15th, 2009 05:04 PM

and so the next 50 will be the next target of the ponzi kaya

ang behaviour kasi ng ponzi is to jump from one thing to another. hindi naman pera ang mahalaga talaga, kungdi people's confidence. and so they the ponzi jumps to the next one realiable thing for people.

**shadow** · March 15th, 2009 05:07 PM

bakit wala yun Legacy?

**Horsepower** · March 15th, 2009 05:12 PM

If I am the US Govt (or his victim), I'm gonna burn Madoff alive. In low heat.

**uls** · March 15th, 2009 05:21 PM

the Pinoy Madoff = Legacy's Delos Angeles

**creepy** · March 15th, 2009 06:47 PM

Originally Posted by tidus1203

I have said this previously on other threads already and I will say it again here. After the gold standard was removed, money became dishonest.

Fixing paper money to gold is the same thing (but worse) -- I don't know if you realize that. Conceptually, it is all the same.

Why do you keep on clinging to something foolishly anachronistic? When the US dollar was fixed to the gold standard, its value was not equivalent to the gold it was supposed to be exchangeable for.

Why don't you fix paper money to real estate instead? Or moon rocks? Or uranium?

**tidus1203** · March 15th, 2009 09:30 PM

Kaya nga exchangeable to gold meaning paper in circulation is equivalent to gold in storage. So they can't just print money endlessly. They need to increase the supply of gold to create more money.

**Negus** · March 16th, 2009 12:11 AM

A bit OT:

Switzerland eases banking secrecy

The Swiss government has finally bowed to intense pressure from Washington and Brussels

http://news.bbc.co.uk/2/hi/business/7941717.stm

more international "Madoffs" are gonna be exposed perhaps?

**uls** · March 16th, 2009 10:05 AM

^^

the Swiss banks are being pressured by US and EU governments to name their clients coz the banks have been helping Americans and Europeans evade taxes in their home countries