Credit, Credit, and Infinite Love
The NYSE index has hit 13,000.
FRB Chairman Mr. Ben Shalom Bernanke once explained well why the Great Depression occurred in 1929.
According to Mr. Bernake's theory, it was the gold-standard currencies system that actually caused the Great Depression (influence of which continued until the end of WWII).
As the US dollar was linked with quantity of gold possessed by the US Government, the Government could not issue the necessary amount of bills.
Accordingly, overall credit available in the money market was restricted. Many people suddenly could not borrow money which might have helped them out of bankruptcy as it used to.
Now, the US dollar is free. The US Government can print and issue bills as many as it wishes. The Government can give credit as much as it wishes to parties concerned in the money market.
The only concern is the international credit of the US dollar. However, as long as Saudi Arabia and other oil producing countries receive the US dollar for the trade of oil, the credit of dollars can be bolstered.
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You cannot win God in poker. Even if the benevolent God does not interfere with probability of taking good cards or hands, He has infinite volumes of gold and silver to wage.
If you and the God have the same chances and probability of getting good cards, in the long time the God will inevitably win because He has infinite quantity of gold and silver to wage.
At least in a very long time, you will surely encounter a moment when all of your stakes are taken out; and the game will be finished at the moment.
But, there will be no such a moment for God, since his gold and silver are infinite.
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The key is infinite credit: a right or a power to borrow or raise money as much as necessary.
You can continue to borrow money until business situation is improved.
Or, you do not have to mind the situation any more; you just repeat borrowing money and continue your business as long as you live.
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The true key is importance of giving poor people credit as much as they need to get out of poverty.
You have to give one million-dollar credit to a poor man who has no money.
If there are 100 men who are poor but given one million-dollar credit each and we can assume 10% of them can succeed in business, we may get eventually 100 million-dollar new credit facility when we can expect a multiplier factor of 10 through their influence on whole economy and market.
If we repeat this process, sooner or later there will be no poor men in the world.
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When the U.S. entered WWII, the US Government took responsibility for expanding credibility to businesses that accepted orders for products and services the Government would use for the war, according to a certain interpretation.
Now, you know how to fight the War on Poverty.
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An infinite amount of love a mother gives her child makes the child grow.
An infinite amount of love the God gives mankind makes mankind grow.
However, if you bring discredit upon yourself, the infinite amount of love might turn to dust and ashes just like bonds and certificates of a bankrupt company.
(Won't you sometimes try to give an infinite amount of love to somebody, since the Dow has hit 13,000? Or you may give him 13,000-dollar credit as a memory. In either case, I know some with qualification as a recipient.)
"If That Stone Falls on Someone, It Will Crush Him to Dust"