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		<title>Common Sense in Stock Speculation</title>
		<link>http://bikibook.com/common-sense-in-stock-speculation-855.html</link>
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		<pubDate>Mon, 15 Mar 2010 03:26:24 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Market Panics / Crashes]]></category>
		<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[corporate finance]]></category>
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		<description><![CDATA[Chances for Success in the Stock Market Stock market speculation, notwithstanding all the calumnies and maledictions heaped upon it since its inception, is steadily increasing throughout the length and breadth of the land. There is no gainsaying the fact that speculation has been the cause of many a lost fortune, but one should not forget that practically all business enterprises of whatever nature are also, in the last analysis, speculation pure and simple. The farmer who plows, fertilizes and plants his lands gambles on weather conditions for a good crop, and then on the prices his products may ultimately bring ; the man who buys a house speculates on his tenants remaining therein and the probability of selling it some day for a higher price ; the merchant who lays in a stock of goods gambles on the possibility of their ready sale ; etc., etc. The difference is that in one ease a loss or gain is realized slowly and gradually, whereas in the other case they occur more quickly. That the percentage of losses in stock speculation is greater than in business speculation is due to the fact that in the former ease values (and all values constantly [...]


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<li><a href='http://bikibook.com/the-new-york-stock-exchange-a-discussion-of-the-business-done-its-relation-to-other-business-to-investment-speculation-and-gambling-by-h-s-martin-1387.html' rel='bookmark' title='Permanent Link: The New York Stock Exchange; a Discussion of the Business Done, Its Relation to Other Business, To Investment, Speculation and Gambling by H S Martin'>The New York Stock Exchange; a Discussion of the Business Done, Its Relation to Other Business, To Investment, Speculation and Gambling by H S Martin</a> <small>FOREWORD The New York Stock Exchange can The be said...</small></li>
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		<title>War and Lombard Street by Hartley Withers</title>
		<link>http://bikibook.com/war-and-lombard-street-by-hartley-withers-710.html</link>
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		<pubDate>Sun, 21 Feb 2010 13:48:33 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[fraud]]></category>
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		<guid isPermaLink="false">http://bikibook.com/?p=710</guid>
		<description><![CDATA[CONTENTS CHAPTER I THE MORATORIUM Suddenness of the crisis — Its severity increased by the strength of London&#8217;s position — Credit and civilization — Moratorium defined CHAPTER II THE INTERNAL PROBLEM Effect of war on public mind — Hoarding — Jump in Bank rate — Action of joint stock banks — Their uncomfortable position — Closing of the Stock Exchange — Breakdown of exchange — Position of bill brokers — New notes issued — Was banking moratorium required ? CHAPTER III THE EXTERNAL PROBLEM Fear of gold exports — Why improbable — Foreign debts&#8217; and foreign exchange — England&#8217;s huge receipts of gold — Inability of foreign debtors to pay — Relief consequently given to acceptors of bills — Its stages — And effects CHAPTER IV FINANCE BILLS AND TRADE Exaggerated outcry against finance bills — Their abuse — Their effect on freedom of Exchange market — Effect of their reduction on our export trade CHAPTER V AFTERTHOUGHTS Striking evidence of London&#8217;s strength given by the crisis — Her rivals — New York&#8217;s chance — The internal lessons — Government note issue — Its dangers — Bank Act and Bank rate — Banks and Stock Exchange — Banks and cash [...]


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		<title>An Inquiry into the Currency Principle: The Connection of the Currency with Prices and the Expediency of A Separation of Issue From Banking</title>
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		<pubDate>Wed, 10 Feb 2010 15:58:24 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
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		<description><![CDATA[PREFACE BY THE AUTHOR SOME part of the following pages was written immediately after the appearance of the reports of the committee of the House of Commons on Banks of Issue, and the greater part has since been put together without any definite view to publication. The reason which has determined me in now publishing them is, that whether the views here presented be assented to or not, they are such, I think, as ought not to be wholly overlooked in the consideration of the measures which the government has announced its intention of proposing to Parliament in the course of the present session, with a view to placing the banking system of the United Kingdom on an improved and permanent footing. Some of the points which I have endeavoured to establish may probably be thought not to be made out with sufficient fullness of explanation, and doubtless on several of the topics a more exhaustive process of proof and illustration might be required for the purpose of anticipating and answering objections. But such a process could not be comprised within a readable compass. It would require a book instead of a pamphlet. The necessity for compression, which I feel [...]


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		<title>An Inquiry Into The Causes and Modes of the Wealth of Individuals, or, The Principles of Trade and Speculation</title>
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		<pubDate>Tue, 09 Feb 2010 08:14:43 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
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		<description><![CDATA[INTRODUCTION. POLITICAL ECONOMY is the science which treats of general or national wealth, general or aggregate as distinguished from individual, as the term Political implies. This science is directed chiefly against, or has reference to the errors of statesmen or legislators, as connected with trade or the industry of mankind ; and, however extensive, intricate, and perplexed in its details, is, like most other sciences, few in its general principles, and simple in result, coming uniformly to the conclusion, that all legislators can do for trade is to let it alone. Remove all monopolies, prohibitions, and restrictions, and its importance is at an end. This is its invariable and infallible termination. Were a person to write a hundred books on the subject, it has been observed, they would all come to this conclusion. It is, therefore, in a great measure a negative science, teaching little or nothing towards or in aid of the productive powers of man, but merely tending to instruct or counsel those intrusted with, or rather who assume, the superintendence of their affairs, not to counteract their endeavours. Yet it is not the less important on this account, if we consider the general and sweeping nature of [...]


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		<title>Seventeen Talks On the Banking Question</title>
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		<pubDate>Sun, 13 Dec 2009 11:33:58 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
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		<guid isPermaLink="false">http://bikibook.com/?p=258</guid>
		<description><![CDATA[FOREWORD THIS book is written in the form of a conversation between Uncle Sam and six men of various occupations. It begins with the A, B, C of the subject and by question and answer goes over all the different phases of the subject precisely as you would expect them to arise under such circumstances. After weeks of study and investigation they finally reach an agreement, based upon their talks, and formulate a Financial and Banking system for the United States. TABLE OF CONTENTS FIRST NIGHT. The Standard of Value SECOND NIGHT. What Is Money? THIRD NIGHT. What Is Currency? FOURTH NIGHT. Bank Credit Currency FIFTH NIGHT. What Is Exchange? SIXTH NIGHT. Value, Price, Wealth, Property, Credit SEVENTH NIGHT. Commercial Credit, Land Credit, Government Credit EIGHTH NIGHT. Colonial Credit Money NINTH NIGHT. United States Notes or Green-backs TENTH NIGHT. Reserves ELEVENTH NIGHT. The Bank TWELFTH NIGHT. Land Credit Bank THIRTEENTH NIGHT. The Clearing House FOURTEENTH NIGHT. Banking in 1860 FIFTEENTH NIGHT. Outline of Bill SIXTEENTH NIGHT. Draft of Bill SEVENTEENTH NIGHT. Aldrich Plan and Plot Exposed Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/17-talks-on-the-banking-question/ EMBED Related posts:A View of the Banking [...]


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		<title>An Outline of the Money Market</title>
		<link>http://bikibook.com/241-241.html</link>
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		<pubDate>Sun, 13 Dec 2009 04:24:19 +0000</pubDate>
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		<description><![CDATA[Synopsis 1. The Evolution of the Money Market. 2. The Importance of the Banking Element. 3. The Origin and Development of Banking. 4. Banking and the Bank of England 5. How the Banker Obtains His Funds. 6. How the Banker Uses His Funds. 7. The Bank of England. 8. Management of the Bank of England. 9. State Protection. 10. The Duties Carried Out by the Bank of England for the Nation. 11. The Bank Act 1844. 12. Suspension of the Bank Act 1844. 13. Chief Provision of the Bank Act 1844. 14. The Bank of England Weekly Return. 15. Issue Department. 16. Banking Department. 17. The Bank Rate. 18. Foreign Exchanges. 19. Bills of Exchange. 10. Balance of Trade and Balance of Indebtedness. 11. India Council Bills. 12. Mint Par. 13. Specie Point. 14. High Rates of Exchange. 15. Low Rates of Exchange. 16. The Bank Rate in Connection with the Exchanges. 17. Arbitrage Operations. 18. Course of Exchange 19. Long Rate 20. Short Rate 21. The Reconciliation of the Long and Short Rates. 22. The Gold Reserves. 23. England&#8217;s Small Gold Reserve 24. England&#8217;s Credit 25. A Scheme to Increase the Gold Reserve Please Activate the Full Screen Mode [...]


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		<title>A Fraudulent Standard by Arthur Kitson</title>
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		<pubDate>Sat, 12 Dec 2009 20:16:42 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
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		<category><![CDATA[market]]></category>
		<category><![CDATA[money]]></category>
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		<guid isPermaLink="false">http://bikibook.com/?p=232</guid>
		<description><![CDATA[PREFACE The idea expressed and the conclusions arrived at in this work, are the result of many years of careful thought and study, coupled with practical and varied experience of a very busy in connection with industrial, commercial, and financial affairs, both here and abroad. It is now nearly a quarter of a century, since I first called attention in my book entitled A Scientific Solution of the Money Question (published in 1894 by the Arena Co., Boston, U.S.A.) to the fraudulent character of the so-called &#8220;Gold Standard of Value,&#8221; and to the impossibility of any commodity functioning in its commodity city, as either a just measure or an honest expression of Exchange- values. I endeavoured at same time, to point out a method, by which an invariable monetary unit might be established and maintained : viz by definitely fixing the purchasing power of gold or of any other commodity in relation to wealth generally with reference to time and place, just as the unit of length is fixed by temperature and pressure, and the unit of altitude and atmospheric conditions. I showed how most of our financial authorities had confused themselves and their readers, by confounding money with the [...]


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<li><a href='http://bikibook.com/an-inquiry-into-the-causes-and-modes-of-the-wealth-of-individuals-or-the-principles-of-trade-and-speculation-502.html' rel='bookmark' title='Permanent Link: An Inquiry Into The Causes and Modes of the Wealth of Individuals, or, The Principles of Trade and Speculation'>An Inquiry Into The Causes and Modes of the Wealth of Individuals, or, The Principles of Trade and Speculation</a> <small>INTRODUCTION. POLITICAL ECONOMY is the science which treats of general...</small></li>
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		<title>Cause and Cure of Hard Times</title>
		<link>http://bikibook.com/cause-and-cure-of-hard-times-77.html</link>
		<comments>http://bikibook.com/cause-and-cure-of-hard-times-77.html#comments</comments>
		<pubDate>Sun, 24 May 2009 04:59:34 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Banking, Currency and Foreign Exchange]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Political Economics]]></category>
		<category><![CDATA[US Economy]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Fiat currency]]></category>
		<category><![CDATA[fiat money]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[hard times]]></category>
		<category><![CDATA[hardship]]></category>
		<category><![CDATA[Hyperinflation]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Paper Currency]]></category>
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		<category><![CDATA[silver]]></category>

		<guid isPermaLink="false">http://bikibook.com/?p=77</guid>
		<description><![CDATA[PREVIEW It is an essential part of the case of the silver men that the country is having “hard times.” The bolters from the Republican convention say, in their manifesto: “Discontent and distress prevail to an extent never before known in the history of the country.” This is an historical assertion. It is distinctly untrue. There is no such discontent and distress as there was in 1819, or in 1840, or in 1875, to say nothing of other periods. The writers did not know the facts of the history, and they made use of what is nowadays a mere figure of speech. People who want to say that a social phenomenon is big, and who do not know what has been before, say that it is unparalleled in history. There has been an advancing paralysis of enterprise and arrest of credit ever since the Sherman act of 1890 was passed. The bolters say that “No reason can be found for such an unhappy condition of things save in a vicious monetary system.” The reason for it has been that the cumulative effect of the silver legislation was steadily advancing to a crisis. The efforts by which the effects of that [...]


Related posts:<ol><li><a href='http://bikibook.com/bad-times-an-essay-on-the-present-depression-of-trade-tracing-it-to-its-sources-in-enormous-foreign-loans-excessive-war-expenditure-the-increase-of-speculation-and-of-millionaires-and-the-depopu-834.html' rel='bookmark' title='Permanent Link: Bad Times &#8211; An Essay on the Present Depression of Trade With Suggested Remedies By Alfred Russell Wallace'>Bad Times &#8211; An Essay on the Present Depression of Trade With Suggested Remedies By Alfred Russell Wallace</a> <small>PREFACE. The present work was written last March, in competition...</small></li>
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