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mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

Mathematically Perfected Economy™ FORUMS, DISCUSSION

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 Post subject: U.S. Futures Exchange: End of the Line
PostPosted: 25 Dec 2008, 2:08 pm 
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Joined: 29 Jan 2008, 6:06 pm
Posts: 731
WSJ.com wrote:
The head of the U.S. Futures Exchange said Tuesday that it would be closed down after no buyers emerged for the Chicago-based trading platform.

The future of the USFE was called into question last week when MF Global Ltd. said it was seeking buyers for its 48% stake, setting a Dec. 31 deadline.

John Spiegel, CEO
http://www.usfe.com/about.html


Quote:
End of Line For Futures Exchange
Wall Street Journal - Dec 23, 2008
By DOUG CAMERON The head of the US Futures Exchange said Tuesday that it would be closed down after no buyers emerged for the Chicago-based trading platform ...


Quote:
18 December 2008 - 12:16
MF Global to exit US Futures Exchange
MF Global is to write off its 48% stake in ailing US Futures Exchange, spurring the mart to a last ditch effort to find a buyer for the business before the year end.

Absent a sale of USFE, MF Global estimates that it will take a non-cash impairment charge of $9 million to $11 million in Q3, and a cash charge of $3 million to $5 million, net of tax. USFE represented approximately $7 million of expense to MF Global annually, net of tax.

Bernard Dan, chief executive officer, MF Global, comments: "The decision to exit the business and take the impairment charge is a reflection of our commitment to appropriately allocate our human and financial capital to those areas that will enhance operating margins and deliver long-term shareholder value."

In a related announcement, the USFE has stated its intention to seek a strategic sale of its operations with the objective of reaching a resolution by December 31, 2008.

Originally established as a direct competitor to the Chicago Mercantile Exchange by Eurex, the business was resuscitated in 2006 by a capital infusion from Man Group, with a new focus on providing products for hedge funds and retail investors.

Earlier this month, ELX - a new challenger to the CME established by a consortium of bank and three Chicago trading firms - filed with federal regulators for approval to operate as a futures exchange.
Source:
http://www.finextra.com/fullstory.asp?id=19457




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 Post subject: Re: U.S. Futures Exchange: End of the Line
PostPosted: 26 Dec 2008, 10:17 am 
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No loss




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 Post subject: Re: U.S. Futures Exchange: End of the Line
PostPosted: 05 Jan 2009, 5:40 pm 
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Joined: 24 Jan 2008, 8:33 pm
Posts: 492
Yes. And what a hysterical concept!

I mean, "Hey, would you like to buy the future prospects of a system which can only engender collapse under insoluble debt — like right before it does so?"

Great idea.




mike


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"When the freedom they wished for most was the freedom from responsibility, then Athens ceased to be free, and never was free again."



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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



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