IDN Forums - Internationalized Domain Names  
Home | Advertise on idnforums | Premium Membership

Go Back   IDN Forums - Internationalized Domain Names > IDN Discussions > Politics, Philosophy and Economics

Politics, Philosophy and Economics Discuss world events, politics, philosophy and economics.

LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 10th December 2009, 06:59 PM
touchring's Avatar
Join Date: Dec 2005
Posts: 7,547
iTrader: (29)
Rep Power: 1290
touchring is an unknown quantity at this point
Paul Volcker: ATM Was the Peak of Financial Innovation

Paul Volcker's latest speech and North korea's latest currency stunt (see made me realize how huge this 30 year old credit cum dollar bubble has become. And all ponzis however large will finally come to an end, eventually. The ending part will be the really scary part as ponzis invariably end in a bang.

I think the world is going to see some very significant changes over the next 10-15 years, so I guess what Duck has been preaching may well come true.

By now, everything is becoming clear. If you have a toddler today, it's better to send your toddler for mandarin classes. By the time the child graduates from college, the world will be a very different place.

Amid throngs of bankers arguing that new regulations should not impede on financial "innovation," Volcker pushed back, blasting Wall Street's increasingly complex financial products as useless to economic growth. In what seems to have been a shot at exotic securities, he named the ATM cash machine as the most successful financial innovation in the past 20 years, the Times reported.

North Korean Won Plunges 96% After Government Revaluation
Share Business ExchangeTwitterFacebook| Email | Print | A A A

By Bomi Lim

Dec. 9 (Bloomberg) -- The North Korean won has plummeted 96 percent against the dollar after the government revalued the currency last week, according to reports by Yonhap News Agency and a South Korean aid group.

Last edited by touchring; 10th December 2009 at 07:17 PM..
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT. The time now is 12:44 PM.

Site Sponsors
Your ad here
buy t-shirt
מחיר הזהב

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0
Copyright 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54