"which is projected to account for 40% of all consumers in the U.S. by 2020"
People born after 1995 would be 21 and under today. By 2020 they will be everyone 24 and under. There's no way that the 0-24 age group represents 40% of all consumers in the US. I stopped reading after the first sentence.
This story is misleading and irresponsible. There are many different measures of the US money supply including M0, M1, M2, M3, M4, adjusted monetary base, et al. The $1.7T number represents only the physically printed bills plus minted coins in circulation. M4 represents the total money supply including physical cash, bank balances, certificates of deposit, etc. Current US M3 money supply is approaching $20T, and the Treasury Department doesn't even divulge the M4 numbers anymore as per Federal Reserve Directive because they claim it's too difficult to calculate the total amount of US currency in circulation. READ: they don't want the proles knowing how much money is being pumped into the system post 2008 crash. The Fed alone has nearly $4T on their balance sheet and they don't even have legal authority to print money -- that's the Treasury Departments arena.
This story would only be accurate if those companies were holding the $500 billion in actual physical $100 bills in a vault. They are not. This $500 billion is merely entries in a database on a bank server and thus should be compared to the total M4 money supply, not M0. While $500B is a tremendous amount of money, the story would be much less shocking if the correct comparison was made.
broadcast tv: free
original cable tv: paid, but commercial free
mature cable tv: paid with commercials
sling: paid hardware, paid cable tv and commercials
new sling: paid hardware, sling commercials, paid cable tv, and cable tv commercials!
This is one of the best comments I've seen about the Patriot act (from the NY Times):
'Listening to the arguments for keeping the "Patriot Act" on the PBS News Hour tonight, they sound just like the same kind of arguments used by the NKVD, and the Gestapo, everyone needs watching to keep the American people safe.
They are protecting us from subversives, terrorists, those who would threaten our society. The same arguments used by dictators and tyrants for all history.
Just the term "Patriot Act" ("a person who loves and strongly supports or fights for his or her country") was coined to give the idea that anyone against it was not loyal to the country, and were a threat to the rest of the citizenry. It is also used to demean anyone who criticizes the government for actions such as going to war, to "protect Americans."
There is nothing patriotic about the act, it is an act of repression, it is a scare tactic, made by people who have a strong desire to stay in power and make others behave withing their ideological framework.
It is a means to keep watch on all of us, not just the miscreants.
We got by for 239 years without it, we don ot need it now.'
--David Underwood, Citrus Heights
Slashdot Mirror
"which is projected to account for 40% of all consumers in the U.S. by 2020" People born after 1995 would be 21 and under today. By 2020 they will be everyone 24 and under. There's no way that the 0-24 age group represents 40% of all consumers in the US. I stopped reading after the first sentence.
I remember the days when it was republicans and conservatives discriminating against people because of their sexual preferences.
This story would only be accurate if those companies were holding the $500 billion in actual physical $100 bills in a vault. They are not. This $500 billion is merely entries in a database on a bank server and thus should be compared to the total M4 money supply, not M0. While $500B is a tremendous amount of money, the story would be much less shocking if the correct comparison was made.
broadcast tv: free
original cable tv: paid, but commercial free
mature cable tv: paid with commercials
sling: paid hardware, paid cable tv and commercials
new sling: paid hardware, sling commercials, paid cable tv, and cable tv commercials!
This is one of the best comments I've seen about the Patriot act (from the NY Times): 'Listening to the arguments for keeping the "Patriot Act" on the PBS News Hour tonight, they sound just like the same kind of arguments used by the NKVD, and the Gestapo, everyone needs watching to keep the American people safe. They are protecting us from subversives, terrorists, those who would threaten our society. The same arguments used by dictators and tyrants for all history. Just the term "Patriot Act" ("a person who loves and strongly supports or fights for his or her country") was coined to give the idea that anyone against it was not loyal to the country, and were a threat to the rest of the citizenry. It is also used to demean anyone who criticizes the government for actions such as going to war, to "protect Americans." There is nothing patriotic about the act, it is an act of repression, it is a scare tactic, made by people who have a strong desire to stay in power and make others behave withing their ideological framework. It is a means to keep watch on all of us, not just the miscreants. We got by for 239 years without it, we don ot need it now.' --David Underwood, Citrus Heights
I think Star Wars Galaxies was the first application of their feature erosion technology.
How 'bout we work on that 8.65 trillion dollars in national debt first.