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1) Inflation is caused by an expansion in the money supply or credit. Who regulates this? Yes, that's right, not private banks. Economics 101 on open market operations (money supply) and reserve requirement ratios (credit). 2) Federal Reserve decisions are controlled by their board...

So who votes?

Yeh, Greece is heading into chaos. They lived beyond their means for way too long and now that it's time to take the pain, they don't want to. Spain, Italy, Portugal next. Europe is heading down the plughole until they break down this rediculous half baked currency union.

Private banks don't control inflation. That is called a central bank and that is the Government (people).

Which is Frankels little brother name? Yeh, More Joyous is having a cracker at the moment, absolutely eased past some top quality horses including Americain in her last race. She is going to be hard to stop in the Cox Plate, but races too high distance to ever race BC. She is more of a...

Apparently Hay List was looking at going to the Breeders Cup but now looks like he will never race again. Big disappointment. Look out for Atlantic Jewel also, a horse that perhaps next year could take Black Caviar after she likely wins at Royal Ascot.

metoo reborn.

24, your still a kid. You have no children/mortgage or committments, which would make the decision one you would have to weigh up. But at this point, you are young, if you want to do something, do it. Don't look back and wonder what could have been. Ever.

Ah, long time no see Brain. This is old Clooney. Funny situation you are in, because I am in the same boat here in Australia. I have to be out of my place in 2 months. I am actually going to move in with family for a while and then look to buy a place. I vowed never again to rent becuase...

All fair points. This is why Government policy is so important, so it is not 'wasted' as such on outright bludgers.

See the BoE last night, where this problem just really came to the fore and you have a GBP rallying.

Definately a factor also.

The Government is part of the cycle but has more immediate options than the private sector because the Central Bank is more likely to continue to print money and buy Government debt at auction. It also helps most US debt is denominated in their own currency. There comes a point though, where...

I actually own a hedge fund and I get to see all that is wrong with the world every day, including arrogant people like yourself that think you made your money yourself, without realising it was the system around you, which can easily be overthrown once it becomes disorderly. Your mindset...

I think it's fine. You make your millions, but you need the masses to do so or there is no way you could make your money to begin with. It's fair to expect to be taxed at a high rate, you still live far beyond the average joe and you help contribute back into those who allow you to make your cash.

Agree there social leper.

Nice, that is a good way to go, 4 days off and 13 hour days, I'd much rather do that. Principals pay very well right! Good work.

Does sound like it. But how do you survive on 3 days of work? Obviously you are doing 12 hour days for those 3 or something of the like? That or you have a rich partner! :cheer:

LOL, the enthusiasm of youth. It all starts at the bottom though and you have to gain some technical skills first in your industry before you are going to secure contracts for your firm by employing graduates. Get a job in your industry and be the sh*tkicker, work your way upto middle...

Leverage and derivatives are financial market expressions, which is what the UK economy is based upon. It isn't indicitave of my knowledge in economics, but I'm sure I have experience far beyond yours. Many wealth creators outside the financial services industry in the UK, then yes, that is...