Money As Debt - How banks create money

Simple informative video describing the power of the banking system, the incoherence of its fundamentals in creating money that does not exist and the impacts it has on society.

"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in.

But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp

Sequoia capital on startups and the economic downturn Presentation

Not a good time to be working for startups these days...

http://www.slideshare.net/eldon/sequoia-capital-on-startups-and-the-economic-downturn-presentation?type=powerpoint

Volatility / Opportunity

Friday, I started looking on buying back back my stocks that had the hardest beat up but didn't get a chance to buy them before the bell. Nortel at 1,25$ and Bombardier at 3,50$ (which I sold at 6$ a few weeks back) looked pretty attractive and 2 indexes from ishares iShares CDN S&P/TSX Energy Sector Index and (poundered 60 % down in the bear run last month) and the iShares CDN S&P/TSX 60 Index Fund.

When learning about the 1700 Billion bailout plan from the Euro Zone I was really pissed I didn't step in on Friday but still tought there would be some opportunity on tuesday morning when TSX opens up after 3 days of non trading, but I was left a little perplex when I saw the bids before the opening. I guess I'll wait a little for the speculation craziness to settle down before I get in. These days I just wish I could trade all day. I want to get in the energy iShare index before the end of the day if it falls bellow 15.

The currency factor

During my first employment experience in Montreal back in the days, I worked for the world leading website for precious metals information and trading Kitco.com. With Alex, we developed a pretty sophisticated chart generation framework which is used to generate the thousands of charts you can consult on the site in real time.

Especially these days, I use these charts every day to analyze investment trends. Its cool to see some real life usage of what we work for.

The coolest feature of the framework is the ability to compare the price of commodities in different currencies. On the chart bellow you can see that on 60 trialling spot the price of gold has increased in Euro and decreased in US dollars.

The investment banking business responsability

I.O.U.S.A.

America trying to wake up, the Oracle of Omaha himself is urging for action and supporting the documentary.