Recent content by fishball

Lost property -> Give to police. I thought this was SOP everywhere? :P

MSM is covering it... I know people that aren't stackers that have taken notice of this tiny country's predicament. However, the recent turn of events in Canberra has taken most people's attention span...

http://www.zerohedge.com/news/2013-03-19/spain-preparing-its-own-deposit-levy I lol'd.

http://shop.auspost.com.au/expresspost/sku/0590323 For those that have none in local shops...

The propaganda machine is in full power right now. MSM are demonizing Cyprus savers as 'money launderers' and 'tax evaders' already and that it's ok (TM) to steal from people that allegedly 'steal'. Times like these are when we all are reminded that hard assets such as Gold, Silver, RE are...

The interest the bank pays in your example would be the interest they get from the loans they put out (ie. Jane & James would pay interest on the $170). The bank doesn't magically make money or print it. They simply act as the middlemen so if you were paying 5% for the loan they would pay 4%...

I think you're looking for the Money Multiplier? There's still a finite amount of cash that can be 'generated' per unit of 'original cash'. You can take a look at the growth here: https://en.wikipedia.org/wiki/File:Fractional_reserve_lending_varyingrates_100base.jpg

Feel free to educate yourself: http://www.rba.gov.au/publications/bulletin/2012/mar/5.html That's just an extra step. Once you take the cash out you would no longer be on their books as a liability as they owe you nothing (the 90 deposit) but you owe them something (the 90 loan).

Last time I checked if I take a loan for $X I can take it in the form of cash. Besides, why the hell would I take a loan out to put back into the bank???? Sure way to lose money isn't it.

Loans issued by the bank is considered an asset on the books hawkeye. ie. Your assets would be 190 but the liability would still be 100. CAR has to do with bank liquidity and how they manage it. It doesn't really mean they're leveraged it just means they may or may not be liquid. It'd be...

Well ya know the ratings are merely a probability of default... BoE could fire up the printing press and they wouldn't default :lol:

Depends what it is. Rarer coins I would say 1.5x - 2x for MS69 over MS68 would be normal price and 70 would be crazy sky high prices. More common coins such as 2000+ onwards I would not buy 68 unless really cheap (~ or < OMP prices) Well the market seems to believe it's fair. You can simply...

Our gov is not known for efficient spending. Besides, the money was stolen from the poor folk who were with BankWest and should be given back to them. The rest us of really don't deserve jack shit for their suffering. My 2c. ps. 1 bil too little, 100 bil thanks ;)

True free markets don't exist in the real world. It is why I always use 'free market' (quotations) where possible. The aspect of information asymmetry and barriers of entry and regulation all play a part in the world of not having a free market. However, carbon credits are completely different...

Last time I went to China I just got a prepaid SIM for local-ish calls. You can then use this prepaid SIM to call something like gountimed (which I use, cheap but not always the most reliable) which then allows you to do international calls using their VOIP system. Generally speaking it is...