In Newfoundland - which has a large fishing industry - cod fish were an actual form of currency that could be traded for value.
Newfoundland also has an active Local Exchange Trading System(LETS), which the currency is called the "cod", although "cod" is only a term which describes the currency.
> "Without fractional reserve banking, how do you have banks in the current sense? Banks need money to operate."
They don't. Fractional reserve banking IS the problem.
What it means is that the banks can lend out money that they don't have - as long as they have a fraction of it.
For example; a standard 10:1 fractional reserve ratio means that if the bank has $100 in the vault then it can lend out $1000 - and charge interest on it. Absolutely ridiculous, but absolutely true.
Supposing the bank charges 10% or $100 interest and the borrower repays in full.
The bank's vault now has and additional $1100 from the borrower - the principal + interest. The vault itself now contains $1200.
With a 10:1 ratio, the bank can now lend out $12000 and charge interest on it, even though it doesn't have the full reserves to back it....so on and so on..
In short, banks create money out of thin air and charge interest on it!
Of course, the borrower's promise to repay is always backed by real assets as collateral - house, car, etc.. It is 100% ponzi scheme. We are truly slaves to the banksters.
In Canada we have the ability to print our currency debt free (unlike the USA, in which the Federal Reserve - a private corporation - has a monopoly on the government's money supply), but only about 5% of Canadian currency is actually printed debt free. The rest is borrowed from the central banks - at interest.
Mathematically, the cold hard truth is that you can never repay a debt of principal+interest from a pool of money that only contains the principal. Collapse (or loss of assets) is inevitable. A large real-world example of the effect would be Canada losing it's national railway (CN) to the banksters in the 70's.
It is also interesting to note that in Canada, the "Bank of Canada" is a special corporation setup as a liason between the Government of Canada and the central banks. The only member of the Canadian government on the board of directors of the BoC is the deputy minister of finance - and he has no vote!
So in short, the banksters dictate monetary policy to the government - not the other way around.
If you are interested in learning more about this subject, I highly recommend watching Money as Debt. It is a short, easy to understand animated documentary which explains money and banking.
It is the film that you should have been shown in grade 9 math class but weren't.
Or you could have a society that is not dependent upon central banks and the fractional reserve system - one which prints its own currency debt-free and backed by a commodity such as gold or silver - without a national debt (interest owed to central banks for borrowing our nation's currency) and more economic prosperity for all.
As it stands, most - if not all - income tax dollars collected go to pay back the central banks.
The taxman, in many ways, is little more than a glorified collection agency for the banksters.
"...via all the corrupt politicians they have caught and not reported."
Controlling politicians is big business.
The expose The Franklin Cover Up by former Senator John Decamp exposes high ranking politicians, clergymen and businessmen using and abusing children (mostly boys) regularly and sadistically.
These abuses are often recorded and then used to compromise powerful individuals.
Pedophilia is literally the fabric that binds the system together - which is also why these sickos keep getting off (no pun intended!).
It happens in every country. In Canada, these activities were exposed by whistle-blowing police officer Perry Dunlop.
In the UK, there are ongoing scandals which will likely end with little to no convictions and hundreds of abused victims with no justice or compensation.
In Belgium there is the famous Mark Dutroux case. Dutroux admitted to procuring children (mainly little girls) for "high ranking officials in police and government".
These pedophile rings operate 24/7 and involve some of the most prominent members of society and are always covered up.
With the seemingly limitless global surveillance technology, it would be folly to think that the 'five eyes' are unaware of these crimes - much less that they would actively investigate and convict these child rapists.
One of the more disturbing 'government sponsored' activites, is the CIA program The Finders, exposed by former FBI special agent, (the late) Ted Gunderson.
To make the changes required for humanity to truly evolve, these pedophiles need to be exposed and convicted.
I don't know whether the Apollo moon landings were faked or not; I wasn't around in 1969. However, I never used to question it.
But after people started questioning it and bringing up some very interesting points, I do question it too. Believing something simply because the masses believe it is not proof. It is foolishness.
However, if your belief is that the Apollo moon landings were legitimate, then please explain to me how the astronauts got through the Van Allen belt? And why are there so many doctored pictures of the moon landings?
Slashdot Mirror
In Newfoundland - which has a large fishing industry - cod fish were an actual form of currency that could be traded for value.
Newfoundland also has an active Local Exchange Trading System (LETS), which the currency is called the "cod", although "cod" is only a term which describes the currency.
The currency itself is backed by mutual credit.
> "Without fractional reserve banking, how do you have banks in the current sense? Banks need money to operate."
They don't. Fractional reserve banking IS the problem.
What it means is that the banks can lend out money that they don't have - as long as they have a fraction of it.
For example; a standard 10:1 fractional reserve ratio means that if the bank has $100 in the vault then it can lend out $1000 - and charge interest on it. Absolutely ridiculous, but absolutely true.
Supposing the bank charges 10% or $100 interest and the borrower repays in full.
The bank's vault now has and additional $1100 from the borrower - the principal + interest. The vault itself now contains $1200.
With a 10:1 ratio, the bank can now lend out $12000 and charge interest on it, even though it doesn't have the full reserves to back it....so on and so on..
In short, banks create money out of thin air and charge interest on it!
Of course, the borrower's promise to repay is always backed by real assets as collateral - house, car, etc.. It is 100% ponzi scheme. We are truly slaves to the banksters.
In Canada we have the ability to print our currency debt free (unlike the USA, in which the Federal Reserve - a private corporation - has a monopoly on the government's money supply), but only about 5% of Canadian currency is actually printed debt free. The rest is borrowed from the central banks - at interest.
Mathematically, the cold hard truth is that you can never repay a debt of principal+interest from a pool of money that only contains the principal. Collapse (or loss of assets) is inevitable. A large real-world example of the effect would be Canada losing it's national railway (CN) to the banksters in the 70's.
It is also interesting to note that in Canada, the "Bank of Canada" is a special corporation setup as a liason between the Government of Canada and the central banks. The only member of the Canadian government on the board of directors of the BoC is the deputy minister of finance - and he has no vote!
So in short, the banksters dictate monetary policy to the government - not the other way around.
If you are interested in learning more about this subject, I highly recommend watching Money as Debt. It is a short, easy to understand animated documentary which explains money and banking.
It is the film that you should have been shown in grade 9 math class but weren't.
"Blessing" is not limited to Christianity.
And Perl has not been abandoned - not by me, and not by at least 2 other people.
Interesting.
No, you are wrong.
Gold worked just fine until currency became backed by debt instead of a real commodity.
Read Griffin's book...
Thank you. I like you too. :)
(That is, as long as you are not the heterophobic troll who has been spamming Slashdot lately).
No, I probably won't make $100k/year coding in Perl but I don't care.
It's not about the money. It's about the love.
Not as tedious as C++; not as clunky as Java; not as lame as VB.
Scoff all you want! I feel blessed while coding in Perl.
Thanks Larry & friends!
Or you could have a society that is not dependent upon central banks and the fractional reserve system - one which prints its own currency debt-free and backed by a commodity such as gold or silver - without a national debt (interest owed to central banks for borrowing our nation's currency) and more economic prosperity for all.
As it stands, most - if not all - income tax dollars collected go to pay back the central banks.
The taxman, in many ways, is little more than a glorified collection agency for the banksters.
See also:
Money As Debt
The Creature From Jekyll Island
They should create a child abuser database, from which the public has access.
Most importantly it should highlight prominent pedophiles.
For a list of names, The Franklin Cover-Up would be a good place to start.
>Aren't banks still the largest employers of COBOL and/or FORTRAN programmers?
Yes, and Exxonmobil.
(I used to work there).
... if you've been eating brownies.
The other problem is that Lucas wrote them.
... should have stayed as a trilogy.
Does that mean that a dial-up connection would result in a slow, painful death?
I turned on a firewall, bought ESD boots, and upgraded to Acme AV Pro!
They can't kill me now.
"...problems of terrestrial space probes contaminating other planets"
The billions of dollars spent on the space program should be spent feeding starving people and cleaning up the environment.
If we can achieve that, then perhaps we would be responsible enough as a race to reach out to other planets in our solar system.
As it stands, we have absolutely no business occupying other planets until we learn to take care of our own.
Except the anti-fertility vaccines. They are reserved for the general public. Oops, did I say that out loud?
You first.
"...via all the corrupt politicians they have caught and not reported."
Controlling politicians is big business.
The expose The Franklin Cover Up by former Senator John Decamp exposes high ranking politicians, clergymen and businessmen using and abusing children (mostly boys) regularly and sadistically.
These abuses are often recorded and then used to compromise powerful individuals.
Pedophilia is literally the fabric that binds the system together - which is also why these sickos keep getting off (no pun intended!).
It happens in every country. In Canada, these activities were exposed by whistle-blowing police officer Perry Dunlop.
In the UK, there are ongoing scandals which will likely end with little to no convictions and hundreds of abused victims with no justice or compensation.
In Belgium there is the famous Mark Dutroux case. Dutroux admitted to procuring children (mainly little girls) for "high ranking officials in police and government".
These pedophile rings operate 24/7 and involve some of the most prominent members of society and are always covered up.
With the seemingly limitless global surveillance technology, it would be folly to think that the 'five eyes' are unaware of these crimes - much less that they would actively investigate and convict these child rapists.
One of the more disturbing 'government sponsored' activites, is the CIA program The Finders, exposed by former FBI special agent, (the late) Ted Gunderson.
To make the changes required for humanity to truly evolve, these pedophiles need to be exposed and convicted.
Please, think of the children.
Is it a disease?
No, it's a naturally occurring phenomena.
Hot earth -> warm earth -> cold earth -> ice age (no more dinosaurs!) -> warm earth -> warmer earth....
Lather, rinse and repeat.
Well, he IS a programmer, after all.
Ok. Thanks.
> " First catfish, and now cardiac arrest? WHAT CAN'T CAYENNE FIX?????"
Stupid.
Bump.
I don't know whether the Apollo moon landings were faked or not; I wasn't around in 1969. However, I never used to question it.
But after people started questioning it and bringing up some very interesting points, I do question it too. Believing something simply because the masses believe it is not proof. It is foolishness.
However, if your belief is that the Apollo moon landings were legitimate, then please explain to me how the astronauts got through the Van Allen belt? And why are there so many doctored pictures of the moon landings?