"Magically", so everybody please pay attention. The poster I am replying to believes in magic, because that's the only way he thinks the dollar would be 'dropping' in case of printing - just by magic.
Tell me, oh the wizzardly one, why does the government even bother with counterfeiting laws at this point?
I'll tell you: they don't like the competition.
Printing 85 Billion a month is inflation by definition, what you don't see is WHERE it's going, where the inflation is causing the bubbles to appear, but just because YOU don't see, it doesn't mean there is no inflation.
There is inflation, MASSIVE inflation in the gov't bond market, in the stock market, some inflation is spilling into the housing market again, plenty of it is going into the 'education' market. Plenty of it is going into the various commodities markets and the foreign markets that are providing USA with its consumer goods are absorbing that inflation by responding with money printing of their own and buying up all the extra supply of the dollars.
But it's already collapsing, even before you realise that there is inflation, it's already collapsing. The interest rates in the bond market are going up, the Chinese are buying up USA properties and companies, dumping the collected dollars back INTO USA, and of-course just like with the last bubble that burst and then all these people on TV and in government said: nobody could see this coming, same thing is going to play out this time.
It's going to be a much more spectacular collapse this time, you are going to notice it when it really implodes, but until that, just like Ben Bernanke, the Federator, you think that dumping dollars from the helicopters actually achieves anything BUT inflation.
are millions of reasons to use a currency other than your own governments
- yes, being a free individual, free person that's the main reason.
Of-course people trade currencies for gain all the time, and it has nothing even to do with 'evading taxes', not that taxes shouldn't be avoided and evaded in the first place, anybody paying taxes is destroying the economy, not helping it.
The government wants to fund something? Let it cut the spending it already has.
I don't know if there are 'hired astroturfers' here, but there are BOUGHT astroturfers here. What do you think all these welfare benefits, food stamps, SS, Medicare, other various subsidies (loan guarantees for mortgages, for education, etc.) are but the 30 pieces of silver?
It's very hard to find people who would not BE the mob, supporting the theft and redistribution model that the government maintains, and Bitcoins and other freedom movements threaten that at the core, they set precedent proving that governments are actually not even the 'necessary evil', they are just evil, there is nothing else there, there is nothing that governments do that people cannot (or must not be allowed) to do on their own, as private individuals.
This is about the tone, the precedent, the idea that in fact individuals are the power, not the collective. Bitcoins threaten the status quo and there are too many here dependent on that.
1. Governments must not be allowed to steal people's private property via income and wealth taxes.
2. Government must not be allowed to regulate any business activity.
3. Government must not be allowed to control money supply and distort price of money (interest rates).
4. Governments must not be allowed to start offensive wars for any reason.
Also if governments of the world weren't creating the problems that are causing terrorism to have reasons to exist in the first place, there would be fewer people willing to do that.
Promoting trade is the only way to have a wealthy and healthy society but this requires government to but out of everything, there is no reason for governments to exist anymore actually, Bitcoin is a good indicator of that and the governments are really scared of the very idea of that, of the precedent it sets.
Well, 1988, my grandmother sent us another parcel 12000 km across the globe, it had a bottle of sunflower oil, some other stuff and a book. I remember this, because the bottle leaked and that book was smelling of sunflower seeds. It was a story, that a kid would have to read and solve puzzles in it and learn computer programming techniques to solve the puzzles (decode an encrypted paragraph, write an algorithm to jump to the right page, do something not to get killed in the story, etc.etc.) I don't remember the name of the book, but I remember that it was teaching Basic:) I wrote many games completely on paper, I had to wait 3 more years to get my hands on an actual computer.
Over the years I have witnessed 3 cats die of old age related diseases and every single one of them knew what was happening and was terrified of it. Every one of them did her (and the latest just TODAY, a deaf albino) his best to say goodbye, they may not 'think' it but they KNOW it. AFAIC those PETA members are lower than dirt, whether they can think about it or not.
I disagree. Who says that the dog is so much different from a raccoon or a cat is so different from that squirrel? Sure, they are different species, but if you ask the cat: would you rather live or die a violent death right now? I don't think the cat would give you an answer different from a squirrel or different from a PETA member and AFAIC PETA members are worse than any rat given how they treat these living creatures.
There is too much borrowing, the debts are historically high and savings are historically low. The inflation is rampant, it is currently concentrated in the bond and the stock markets, also some of it is in the housing market, 'education' loan market, 'clean energy' markets, 'social networking', things of that nature.
Basically where there is huge amount of gambling can be easily done by people with direct access to the Fed's discount window.
Of-course it is also spilling into the consumer market, but you are not observing it in the "consumption" economies (no such thing, they are just living on borrowed time and money). What is happening is that the production economies are absorbing so much of this inflation by devaluing their own currencies with their own forms of printing press, they are buying US debt and the US currency. By doing it they are shifting the inflation in the raw material and consumer markets to their own economies out of the countries that are exporting this inflation and importing consumer products.
This is a tide, it will soon reverse and I don't like quoting Buffett, because he is a giant corrupt hypocrite, but he is right about this: when the tide goes out it becomes clear who is not wearing his or her bathing suit.
Well, AFAIC no person should be paying income taxes and if he is forced to then he is in captivity, relative slavery. Applying PETA position in this case would mean it's better to kill people that pay income taxes than to have them suffer this way.
However if somebody actually ASKED those people that end up in that situation, I bet almost without exception they would prefer to stay alive even if they are forced into that relative slavery (after all, most of the actual slaves that were owned by specific people, not by a larger system, even they didn't want to die).
So PETA's position is indefensible, it's complete nonsense, extremely stupid and very selfish, because they are not in fact asking those animals if they want to die at all.
Lions, lions, PETA and lions.... lionising them? I think a swamp filled with hippos is a better place. You can escape a lion, escaping a hippo is much harder.
What about the obvious discrimination as to which animals to kill? Does PETA only stand for killing cats and dogs or do they also go after squirrels, raccoons, birds, rats and other animals that are often found in urban areas, towns, parks? Why the discrimination?
Why is it OK to collect and kill cats for example but not sparrows? Why the discrimination?
AFAIC cats are just as not willing to be murdered as crows.
Bullies? Murdering 90% of animals that make it to their shelters in the first 24 hours, isn't that more like genocidal maniacs, the SS of the animal world?
Price signals are faulty when there are distortions in the market introduced by outside market forces, exactly like now.
For example the Fed is creating fake money and forcing fake interest rates. Interest rate is price of money, simple supply demand: the more savings there are in the hands of people, in the banks, the lower the demand, the price goes down. As the price of money goes down, it creates more demand and more people borrow.
As the savings are low, supply is drying up, the price on money will go up and fewer people will borrow. In this case the borrowing will be limited to people with much higher ability to return the loans.
The Fed distorts the price signal flooding the market with the fake liquidity and low interest rates are set that create incentives to borrow more. People are borrowing as if there is glut of savings, but there is not.
That's a price distortion. Of-course markets can be wrong (and they are OFTEN ARE) in the short term. In the long term they are self correcting, so if the right price is not discovered at the beginning, this creates imbalances that eventually cause deleveraging and restructuring and the prices are adjusted.
- that's because people see words, words trigger automatic Pavlovian response without engaging higher brain functions and trying to figure out the meaning beyond that primitive basic instinctual one.
At least when graffiti is found under bridges and on old rusty depot buildings around rail roads (you'll see this in Strasbourg for example) it's tolerable, because those bridges and buildings are truly ugly, I mean depressingly ugly.
When the train cars are being vandalised this way it's just retarded.
Oh, you'll care what you look like after the beating you are going to get for pointing that thing at somebody who will not take kindly to it.
I am not saying that's the right thing to do, to beat you for wearing that around people who don't want to be part of your Googlexperment, but it's just bound to happen at some point. Take it as a free advice that may save your looks, whatever they are (and maybe more than your looks).
Real price signals. Price of everything, including price of money.
That's the fundamental force. When people disregard price signals they end up with resource imbalances, wrong incentives to push resources into wrong areas, distortion of the money market itself, moral hazards, etc.
The last stripes of a so called "free market" are being washed away into corporte feudalism, where the corporations now take over law enforcement, and soon after, law creation and destruction.
- I am not clear, are you blaming the free market for some private organisation asking the GOVERNMENT to implement a LAW that would VIOLATE free market?
Free market is the minimisation of government and regulation of the people's decisions purely by market forces. Using government force to destroy individual freedoms (like in this case - right to own and operate private property and right to a trial before being found guilty of some crime, etc.) is the exact opposite of the free market.
You don't get it, this dupe is here on purpose. Repetition is the mother of learning. What did we learn from this? You don't want your grave to become a parking lot for tourists, make sure to build yourself a pyramid, then at least you become a tourist destination on purpose.
Yes but Gouvernments these days asks themselves the important question of "What Would Nixon Do?".
- yeah, and then they multiply it by about 1000 and do that instead.
Has Nixon actually bombed a bunch of Americans around the world? I hate the guy, by the way, but I don't think he has done anything even close to what the modern day politicians are doing daily.
- the "consumption economy" nonsense strikes again.
In this case production is writing and reading is consumption. If the readers are not exchanging anything of their own for the content they consume, then the writers (producers) aren't getting anything from that trade.
Rifkin is wrong about more than that, both, the readers and the writers are products on these sites, their information is collected and exchanged, the customers are the businesses that pay for the information.
Has ANY reader on tumbler actually paid for anything TO tumbler? I doubt it. Just like no writer on FB paid for anything there.
What Rifkin is confused is the reason as to why it is even possible to find investors into such business models in the first place, the reasons are not obvious at the first glance, because you have to step back and take a look at the bigger economy around. The bigger economy is massively lacking savings and investments and the business climate is destroyed. This is NOT an economy of readers, this is not even an economy of writers, this is an economy entirely based on fake money.
The banks, the hedge funds are able to borrow fake money created by the Federal reserve at fake interest rates and they have no incentive to use that money for any productive business that will NOT generate 50 or 100 times the original investment back. So every attempt at a new social site is just a gamble.
This market in social media development is just like the larger bond and stock markets (and other fake loan markets, like the student loan market). This is all about cheap money and lack of real business opportunities, complete lack of real savers of-course, so the only people that are still making money are those, who have access to cheap money provided by the Fed basically (through whatever intermediaries).
This is a fake economy, those readers and writers BOTH have no money but what the fake economy is able to borrow or just steal from the dollar asset holders around the world via inflation (money printing).
This is a fake money, gambler based economy and it is the most unstable type of economy you can imagine and it has 0 chances of growing an actual productive economy until this fake economy implodes.
So the Apple Computer is THE Apple. Jobs is the snake. Woz is God.
The Tower of Babble story is obviously the story about the ancient language of Assembly that people used to build so much of the software stack, which angered the God and then he split the language into many.
The Great Flood and the Noah's Arc is probably an RMS related story.
Makes sense. Now we have men that are men, women that are men and also the FBI agents. The only question remains where is Eve in all of this?
Slashdot Mirror
"Magically", so everybody please pay attention. The poster I am replying to believes in magic, because that's the only way he thinks the dollar would be 'dropping' in case of printing - just by magic.
Tell me, oh the wizzardly one, why does the government even bother with counterfeiting laws at this point?
I'll tell you: they don't like the competition.
Printing 85 Billion a month is inflation by definition, what you don't see is WHERE it's going, where the inflation is causing the bubbles to appear, but just because YOU don't see, it doesn't mean there is no inflation.
There is inflation, MASSIVE inflation in the gov't bond market, in the stock market, some inflation is spilling into the housing market again, plenty of it is going into the 'education' market. Plenty of it is going into the various commodities markets and the foreign markets that are providing USA with its consumer goods are absorbing that inflation by responding with money printing of their own and buying up all the extra supply of the dollars.
But it's already collapsing, even before you realise that there is inflation, it's already collapsing. The interest rates in the bond market are going up, the Chinese are buying up USA properties and companies, dumping the collected dollars back INTO USA, and of-course just like with the last bubble that burst and then all these people on TV and in government said: nobody could see this coming, same thing is going to play out this time.
It's going to be a much more spectacular collapse this time, you are going to notice it when it really implodes, but until that, just like Ben Bernanke, the Federator, you think that dumping dollars from the helicopters actually achieves anything BUT inflation.
are millions of reasons to use a currency other than your own governments
- yes, being a free individual, free person that's the main reason.
Of-course people trade currencies for gain all the time, and it has nothing even to do with 'evading taxes', not that taxes shouldn't be avoided and evaded in the first place, anybody paying taxes is destroying the economy, not helping it.
The government wants to fund something? Let it cut the spending it already has.
I don't know if there are 'hired astroturfers' here, but there are BOUGHT astroturfers here. What do you think all these welfare benefits, food stamps, SS, Medicare, other various subsidies (loan guarantees for mortgages, for education, etc.) are but the 30 pieces of silver?
It's very hard to find people who would not BE the mob, supporting the theft and redistribution model that the government maintains, and Bitcoins and other freedom movements threaten that at the core, they set precedent proving that governments are actually not even the 'necessary evil', they are just evil, there is nothing else there, there is nothing that governments do that people cannot (or must not be allowed) to do on their own, as private individuals.
This is about the tone, the precedent, the idea that in fact individuals are the power, not the collective. Bitcoins threaten the status quo and there are too many here dependent on that.
1. Governments must not be allowed to steal people's private property via income and wealth taxes.
2. Government must not be allowed to regulate any business activity.
3. Government must not be allowed to control money supply and distort price of money (interest rates).
4. Governments must not be allowed to start offensive wars for any reason.
Also if governments of the world weren't creating the problems that are causing terrorism to have reasons to exist in the first place, there would be fewer people willing to do that.
Promoting trade is the only way to have a wealthy and healthy society but this requires government to but out of everything, there is no reason for governments to exist anymore actually, Bitcoin is a good indicator of that and the governments are really scared of the very idea of that, of the precedent it sets.
Well, 1988, my grandmother sent us another parcel 12000 km across the globe, it had a bottle of sunflower oil, some other stuff and a book. I remember this, because the bottle leaked and that book was smelling of sunflower seeds. It was a story, that a kid would have to read and solve puzzles in it and learn computer programming techniques to solve the puzzles (decode an encrypted paragraph, write an algorithm to jump to the right page, do something not to get killed in the story, etc.etc.) I don't remember the name of the book, but I remember that it was teaching Basic :) I wrote many games completely on paper, I had to wait 3 more years to get my hands on an actual computer.
Blinded? Ideology? How about the one of the very few with the eyes opened to the reality.
Over the years I have witnessed 3 cats die of old age related diseases and every single one of them knew what was happening and was terrified of it. Every one of them did her (and the latest just TODAY, a deaf albino) his best to say goodbye, they may not 'think' it but they KNOW it. AFAIC those PETA members are lower than dirt, whether they can think about it or not.
I disagree. Who says that the dog is so much different from a raccoon or a cat is so different from that squirrel? Sure, they are different species, but if you ask the cat: would you rather live or die a violent death right now? I don't think the cat would give you an answer different from a squirrel or different from a PETA member and AFAIC PETA members are worse than any rat given how they treat these living creatures.
There is too much borrowing, the debts are historically high and savings are historically low. The inflation is rampant, it is currently concentrated in the bond and the stock markets, also some of it is in the housing market, 'education' loan market, 'clean energy' markets, 'social networking', things of that nature.
Basically where there is huge amount of gambling can be easily done by people with direct access to the Fed's discount window.
Of-course it is also spilling into the consumer market, but you are not observing it in the "consumption" economies (no such thing, they are just living on borrowed time and money). What is happening is that the production economies are absorbing so much of this inflation by devaluing their own currencies with their own forms of printing press, they are buying US debt and the US currency. By doing it they are shifting the inflation in the raw material and consumer markets to their own economies out of the countries that are exporting this inflation and importing consumer products.
This is a tide, it will soon reverse and I don't like quoting Buffett, because he is a giant corrupt hypocrite, but he is right about this: when the tide goes out it becomes clear who is not wearing his or her bathing suit.
Oh, so the "Easy, just don't lead 'em so much" technique.
perpetual national debt
- Financed by... who?
Well, AFAIC no person should be paying income taxes and if he is forced to then he is in captivity, relative slavery. Applying PETA position in this case would mean it's better to kill people that pay income taxes than to have them suffer this way.
However if somebody actually ASKED those people that end up in that situation, I bet almost without exception they would prefer to stay alive even if they are forced into that relative slavery (after all, most of the actual slaves that were owned by specific people, not by a larger system, even they didn't want to die).
So PETA's position is indefensible, it's complete nonsense, extremely stupid and very selfish, because they are not in fact asking those animals if they want to die at all.
Lions, lions, PETA and lions.... lionising them? I think a swamp filled with hippos is a better place. You can escape a lion, escaping a hippo is much harder.
What about the obvious discrimination as to which animals to kill? Does PETA only stand for killing cats and dogs or do they also go after squirrels, raccoons, birds, rats and other animals that are often found in urban areas, towns, parks? Why the discrimination?
Why is it OK to collect and kill cats for example but not sparrows? Why the discrimination?
AFAIC cats are just as not willing to be murdered as crows.
It would a hoot to set up a website with pictures of the murdered kittens and puppies with text around them explaining that that's PETA's work.
I wonder how big a legal fund it would build up, not that I need a legal fund.
Bullies? Murdering 90% of animals that make it to their shelters in the first 24 hours, isn't that more like genocidal maniacs, the SS of the animal world?
Price signals are faulty when there are distortions in the market introduced by outside market forces, exactly like now.
For example the Fed is creating fake money and forcing fake interest rates. Interest rate is price of money, simple supply demand: the more savings there are in the hands of people, in the banks, the lower the demand, the price goes down. As the price of money goes down, it creates more demand and more people borrow.
As the savings are low, supply is drying up, the price on money will go up and fewer people will borrow. In this case the borrowing will be limited to people with much higher ability to return the loans.
The Fed distorts the price signal flooding the market with the fake liquidity and low interest rates are set that create incentives to borrow more. People are borrowing as if there is glut of savings, but there is not.
That's a price distortion. Of-course markets can be wrong (and they are OFTEN ARE) in the short term. In the long term they are self correcting, so if the right price is not discovered at the beginning, this creates imbalances that eventually cause deleveraging and restructuring and the prices are adjusted.
Don't know why you got modded down
- that's because people see words, words trigger automatic Pavlovian response without engaging higher brain functions and trying to figure out the meaning beyond that primitive basic instinctual one.
At least when graffiti is found under bridges and on old rusty depot buildings around rail roads (you'll see this in Strasbourg for example) it's tolerable, because those bridges and buildings are truly ugly, I mean depressingly ugly.
When the train cars are being vandalised this way it's just retarded.
Oh, you'll care what you look like after the beating you are going to get for pointing that thing at somebody who will not take kindly to it.
I am not saying that's the right thing to do, to beat you for wearing that around people who don't want to be part of your Googlexperment, but it's just bound to happen at some point. Take it as a free advice that may save your looks, whatever they are (and maybe more than your looks).
Real price signals. Price of everything, including price of money.
That's the fundamental force. When people disregard price signals they end up with resource imbalances, wrong incentives to push resources into wrong areas, distortion of the money market itself, moral hazards, etc.
The last stripes of a so called "free market" are being washed away into corporte feudalism, where the corporations now take over law enforcement, and soon after, law creation and destruction.
- I am not clear, are you blaming the free market for some private organisation asking the GOVERNMENT to implement a LAW that would VIOLATE free market?
Free market is the minimisation of government and regulation of the people's decisions purely by market forces. Using government force to destroy individual freedoms (like in this case - right to own and operate private property and right to a trial before being found guilty of some crime, etc.) is the exact opposite of the free market.
You don't get it, this dupe is here on purpose. Repetition is the mother of learning. What did we learn from this? You don't want your grave to become a parking lot for tourists, make sure to build yourself a pyramid, then at least you become a tourist destination on purpose.
Yes but Gouvernments these days asks themselves the important question of "What Would Nixon Do?".
- yeah, and then they multiply it by about 1000 and do that instead.
Has Nixon actually bombed a bunch of Americans around the world? I hate the guy, by the way, but I don't think he has done anything even close to what the modern day politicians are doing daily.
readers are far more important than writers
- the "consumption economy" nonsense strikes again.
In this case production is writing and reading is consumption. If the readers are not exchanging anything of their own for the content they consume, then the writers (producers) aren't getting anything from that trade.
Rifkin is wrong about more than that, both, the readers and the writers are products on these sites, their information is collected and exchanged, the customers are the businesses that pay for the information.
Has ANY reader on tumbler actually paid for anything TO tumbler? I doubt it. Just like no writer on FB paid for anything there.
What Rifkin is confused is the reason as to why it is even possible to find investors into such business models in the first place, the reasons are not obvious at the first glance, because you have to step back and take a look at the bigger economy around. The bigger economy is massively lacking savings and investments and the business climate is destroyed. This is NOT an economy of readers, this is not even an economy of writers, this is an economy entirely based on fake money.
The banks, the hedge funds are able to borrow fake money created by the Federal reserve at fake interest rates and they have no incentive to use that money for any productive business that will NOT generate 50 or 100 times the original investment back. So every attempt at a new social site is just a gamble.
This market in social media development is just like the larger bond and stock markets (and other fake loan markets, like the student loan market). This is all about cheap money and lack of real business opportunities, complete lack of real savers of-course, so the only people that are still making money are those, who have access to cheap money provided by the Fed basically (through whatever intermediaries).
This is a fake economy, those readers and writers BOTH have no money but what the fake economy is able to borrow or just steal from the dollar asset holders around the world via inflation (money printing).
This is a fake money, gambler based economy and it is the most unstable type of economy you can imagine and it has 0 chances of growing an actual productive economy until this fake economy implodes.
So the Apple Computer is THE Apple.
Jobs is the snake.
Woz is God.
The Tower of Babble story is obviously the story about the ancient language of Assembly that people used to build so much of the software stack, which angered the God and then he split the language into many.
The Great Flood and the Noah's Arc is probably an RMS related story.
Makes sense. Now we have men that are men, women that are men and also the FBI agents. The only question remains where is Eve in all of this?