Let them be people again, who used to be pioneers and let them have ability to stop being slaves of the system, that clearly has completely turned them into slaves over the last 100 years.
I'd do it by changing the Constitution to forbid the government to modify laws in any way to help any one entity in any economic sense.
I'd abolish the IRS, FED, FDIC, Fannie/Freddie and all other moral hazard programs.
I'd instrument a system based on sales taxes alone, this would require to cut spending dramatically, something like 99%.
No more medicare, medicaide, SS, minimum wage laws, subsidies to ANYBODY for ANY PURPOSE AT ALL.
No subsidies to corporations, to farmers, to individuals, to governments of other countries, to unions.
No regulations at all.
All assets would be liquidated, sold for private use.
Debts would have to be repaid through liquidating gov't assets.
As I said: no Fed, no setting interest rates.
All things would have to be handled privately, this means you'd be paying for your health out of pocket, like before Nixon and health insurance would have to be used as actual insurance, not as payment for every doctor visit.
No gov't loans for any kind to anybody for any reason.
All troops would be brought back home within the time it takes to load them all on planes/boats whatever and all military equipment that is not classified will be liquidated to help pay down the debt.
--- I'd get America to be competitive in the world market.
And how are you supposed to lose track of years exactly? Go put your head in blender if you find it even remotely possible that somebody could miss the fact they've gone through years in time searching for anything. It's called season change FYI.
well, on that point you should note that it was not a simple hike, it's obvious that the journey was long, the dragon grew up and the 'girl' had a head of gray hair on her and she looked older.
The animation was OK, but it looked like some Anime type of story, because clearly this was a girl, right? Over the years shown her figure didn't change at all, she still stayed looking like a teenager, except for her face and hair.
Clearly a bunch of guys who love Anime were doing this.
I don't get it, why? The story is pretty terrible and there were plenty of independent movies in history, not like it's a first at that. It's well done for a short story on private time and with limited funding on a computer. Is that the part that's so great about this movie?
Really, I am not certain what exactly I should be applauding to: 1. Pretty bad story? 2. Creative Commons license used? 3. Computer generated animation?
The news are full of stories how this September was the best September for S&P and DOW in over 70 years, what the data shows that I am presenting is that it's just an illusion, it's inflation that is causing everything to go up and all commodities are rising faster than the dollar and other currencies are rising while the dollar is falling.
Do you see what's happening from this or not? The dollar is falling, commodities and other currencies are rising (and foreign equities) it's inflation and the Fed came out a number of times and said that this is not the level of inflation they are comfortable with, they want much faster inflation.
I am saying get out of the dollar, buy pretty much anything else (except for US bonds) and you'll do better than the dollar and S&P and DOW. I am saying if you want to keep your purchasing power you are better of in sugar, which rose by 19.5% in ONE MONTH. But of-course you can also buy precious/semi-precious metals if you don't like sugars.
So it has everything to do with inflation, but inflation is going faster and faster it's because the Fed is printing more and more money. They want all prices to rise, that's their goal.
In US many fools think that their gov't cares about their well being. Well, if they cared, they would have stopped printing the dollar and let the interest rate go where the market takes it and that would cause prices to fall. People need falling prices in bad economy, not rising prices. But the Fed has a policy right now to try and make US labor more competitive by taking away its purchasing power AND they want to keep the artificially high valuations of the house mortgages, so that the banks stay afloat and don't collapse once it gets out that they are still holding most of those toxic assets.
US gov't wants US citizens to lose their salary to inflation, but the gov't is forgetting that the nominal salary is only a small part of the equation. To make the US labor competitive again, the prices for all sorts of things must come down for doing business, like tariffs, payroll taxes. Regulations must be repealed. The health insurance needs to be cheap (which can only be done if it gets its status of insurance back, the way it was before Nixon, so that most expenses are paid out of pocket). None of this will happen and so the US labor will stay uncompetitive and jobs will not come back just because the Fed is printing more money to cause more inflation, instead you'll see prices of food and energy and clothing going up.
That's what US gov't is going to cause: massive inflation in real terms of food and clothing and energy and other goods and eventually, when they can't hold off the market's forces anymore, the interest rates will skyrocket and then the housing bubble will collapse completely, taking down the bond market and then the Fed will print the USD to buy back all the bonds and it will cause a currency crisis.
This is an indication of the times that are coming: inflationary depression.
Gold: new high Silver: new 30 year high Gold stocks hit 52 week high Oil: strong day and strong week Dollar: dropped 13 percent from peak 3 months ago
September is done, media says: this is best September in 71 years. Dow gained 7.7%, SMP gained 8.8%.
However this month of September.
CRB Index (commodities): gained 8.7% - beat DOW and just under SMP Soy beans: up 9.5% - beat SMP Copper: up 10% - beat SMP Rice: up 10% - beat SMP Oil: up 11% - beat SMP Corn: up 12% - beat SMP Silver: up 13% - beat SMP Frozen concentrated orange juice: up 13% - beat SMP Cotton: up 17.5% - beat SMP Sugar: up 19.3% - beat SMP
Currencies: Swiss Frank: up 4.6% Euro: up 7% Australian Dollar: up 9% - beat SMP
--
Realize that this so called 'best September' is no such thing, what you are observing is huge, very fast inflation.
Beware of USD and US bonds.
Fed says that this inflation is still too low, to slow, prices are not rising fast enough for the Fed. Fed wants your prices to go up up up up up up up.
High Frequency Trading algorithms are most likely written by a very small number of people, who probably even know each other. The approaches to creating these algorithms should be very similar.
So it should not come as a surprise that given the same set of market data (news/some stocks going up/some going down/interest rates velocity/housing data/confidence/M1/Mx/etc.) the algorithms used by different HFT houses would respond in a similar fashion.
Imagine HFT House 1, 2, 3.
Now if one of them (1) noticed the market data at the same time *(and they saw that Japan was doing something funky with currency at that time) it started calculating probability of stocks going up or down and decided to play it safe (which at that time meant moving out of equities and commodities into cash), so it started to sell.
Now the other one (2) noticed the same thing about the market and noticed that (1) is selling, so it (2) upped the probability that stocks will go down and also decided to 'play safe' and started moving into dollars.
Same with the last one (3).
Now everybody is trying to sell at increased velocities. First they do their normal 5000 transactions/second post and cancel routine, but eventually they would actually stop canceling, prompting the rest of the market to start selling, triggering the automatic retail stops etc.
The HFT algorithms are really synchronized when it comes to overall data and they magnify the resulting movement by each others' actions.
BTW., you'll soon notice that bad news will no longer cause stock markets to go down, but instead they'll go up and so will commodities, that's because it is now recognized that bad news = more quantitative easing = more inflation = weaker dollar. So who wants to buy dollar on bad news, if bad news really means that the Fed will print more dollars? Same with bonds, buying bonds is stupid, they'll eventually figure it out. Buying bonds is like buying dollars to be received a number of years into the future. BUT if you don't want dollars that are inflating NOW, why would you want the inflated dollars in the FUTURE? Makes no sense, so bonds will also go down upon bad news eventually.
You can see these mini flash events caused by HFT in different market segments through the day, if one bank goes down in a very short time frame, then you can be almost certain that most of them went down by the same amount, and then they'll all come back to almost the original levels minus the retail auto stops that'll be eaten. Don't be a sucker, move your money to commodities or foreign equities.
Gov't is not there to give you any rights, it is there to protect the liberties that you have regardless of the gov't wishes.
The fact that you are saying: something bad is happening right now, only plays against your position, because right now, today, now, the markets are more regulated than they were yesterday and yesterday they were more regulated than they were 2 days ago, etc. Every day brings more regulations, more bills, more monopolies created by governments, more taxes, more subsidies, more spending. Gov't isn't bringing anything at all that can solve any problem, but it can create another problem in form of yet another bill and another regulation.
You are a Clear channel, you buy your equipment and I set up my equipment, that's bigger than yours or something to that effect if there is no ownership of the waves.
If there is ownership, then the waves are privately owned and are rented out or used by the owners, and the difference between that and what is happening now is: more market forces that work by letting you make your individual choices. Maybe you'll chose to buy a radio frequency or rent it and put your content on it, so what is stopping you if you have a good plan? Money? If your plan is sound you'll get credit (unlike right now, when you can't get credit because of gov't setting interest rates at 0 and creating an environment, where banks only lend back to gov't through t-bills and making a spread.)
Interest rates clearly should be left to go where the market takes them, rather than allowing gov't to set them. I haven't 'cooked up' anything, the only way an economy can recover is by removing the power of gov't to subvert the free market.
There is no such thing as "too little gov't regulation". All of it is too much, any amount of it.
Even the case of Standard Oil that is often used to argue against free market is incorrect, it had plenty of help from various politicians in various governments, not only the US, but more importantly by the time it was broken into pieces five or six competitors already appeared.
I disagree with this: destroying utility of the airwaves.
On the other hand, if the utility of the airwaves if provably high, then again, they must be sold off and then private owners would rent them or use them personally and it would be their headache - their investment.
I am not forgetting anything. AT&T was first granted a monopoly by the gov't, not just a monopoly either, it was 'national priority' or 'national security' or some such nonsense.
Trusts can happen, sure, but not without gov't interference can they stay being monopolies if the services they provide are not bearable by the market. When the services become too expensive or too low quality for the market, the market invents competition.
Right now the monopolies are not only huge, they are bailed out by the gov't with so called 'taxpayer' money.
I don't see a problem in this at all beyond your assumption that some one particular channel will have radio signal stronger than yours.
Let the market figure it out, what is happening now is clearly garbage, you already have Clear Channel in plenty of the space, so if the market is interested in competing with it, it should be competing with it, not running to an authority with guns.
And how exactly would they be preventing that? In fact the more interesting question is this: how can anybody claim ownership of radio waves at all? I am for more competition and I don't believe this lock onto radio waves by any entity serves a good purpose. FCC is not better doing any of it than any company would, the question really is why should one entity own the right dictate to everybody how one resource is used?
Sell the assets channel by channel to separate owners and let the market figure it out.
Monopolies are formed with government help. Currently there are monopolies in every segment of the market, some monopolies are established by gov't directly (like AT&T was as an example with their land lines, any sort of infrastructure monopolies), some are just sponsored into becoming monopolies and then they are taken care of by the gov't contracts, subsidies, tax breaks and various regulations that kill off competition (this is in everything, banking, financing, telecommunications, education, health, military, energy, agriculture, manufacturing, pretty much everywhere.)
So it's a huge joke talking about how monopolies would overrun the place if there was no gov't, because gov't is the primary cause for monopolies.
Gov't has done more to promote monopolies than anything else ever, this includes even copyrights and patents. Gov't loves monopolies because they give much bigger kickbacks to the gov't officials' campaigns etc.
It's no contest, if there was no gov't at all there would have been much fewer monopolies and they would have covered some very niche parts of the market - natural monopolies. Everywhere else you'd see actual competition.
Again, gov't should not own any assets. If gov't is the one originally holding the airwaves as an asset, it should be selling that asset to private companies, that's my position. How it would be used from then on would be up to the market to decide, but gov't shouldn't own it.
Not a fan of any assets being owned publicly. I left the link to my previous posts, I discussed this in great length previously. Gov't shouldn't own assets, there should be no commons. No commons = no tragedy. Everything must be private.
So far what have the gov't achieved owning stuff? Well, it put liability caps on deep water drilling, pretty much giving green light for corporations not to care about safety and proper insurance and procedures. If I owned that particular piece of ocean privately, I would have never set any liability caps, I would have required enough insurance from BP before they started drilling and without liability, they would have had a much greater incentive to be safe.
Basically I do not agree with Federal gov't doing anything at all except minimum military and Justice system to protect the contract law and work on criminal cases.
Also without gov't modifying the rules of the market, there wouldn't have been such a thing as 'limited responsibility'. People would have been personally responsible.
Slashdot Mirror
the next frontier is always here, first of all the oceans are not yet populated, but more importantly the frontier is next business idea or any idea.
People, who are turned into cattle and behave like cattle cannot think, and the next frontier is connected to ability to think.
I already addressed all of this in previous posts linked to the original comment in this thread.
Yes, everything except the justice department and minimum military to protect against foreign threats must go, this includes the FDA.
You know what's ironic about this thread? Nothing.
Let them be people again, who used to be pioneers and let them have ability to stop being slaves of the system, that clearly has completely turned them into slaves over the last 100 years.
I'd stop government involvement in the free market.
I'd do it by changing the Constitution to forbid the government to modify laws in any way to help any one entity in any economic sense.
I'd abolish the IRS, FED, FDIC, Fannie/Freddie and all other moral hazard programs.
I'd instrument a system based on sales taxes alone, this would require to cut spending dramatically, something like 99%.
No more medicare, medicaide, SS, minimum wage laws, subsidies to ANYBODY for ANY PURPOSE AT ALL.
No subsidies to corporations, to farmers, to individuals, to governments of other countries, to unions.
No regulations at all.
All assets would be liquidated, sold for private use.
Debts would have to be repaid through liquidating gov't assets.
As I said: no Fed, no setting interest rates.
All things would have to be handled privately, this means you'd be paying for your health out of pocket, like before Nixon and health insurance would have to be used as actual insurance, not as payment for every doctor visit.
No gov't loans for any kind to anybody for any reason.
All troops would be brought back home within the time it takes to load them all on planes/boats whatever and all military equipment that is not classified will be liquidated to help pay down the debt.
---
I'd get America to be competitive in the world market.
which proves my point precisely, the guy was mentally retarded.
And how are you supposed to lose track of years exactly? Go put your head in blender if you find it even remotely possible that somebody could miss the fact they've gone through years in time searching for anything. It's called season change FYI.
What is a bit dumb is that she expected to find a little dragon after all these years.
I guess the story is even dumber than I originally thought or that chick was a complete retard.
well, on that point you should note that it was not a simple hike, it's obvious that the journey was long, the dragon grew up and the 'girl' had a head of gray hair on her and she looked older.
The animation was OK, but it looked like some Anime type of story, because clearly this was a girl, right? Over the years shown her figure didn't change at all, she still stayed looking like a teenager, except for her face and hair.
Clearly a bunch of guys who love Anime were doing this.
You must be a real joy to hang out with.
I don't get it, why? The story is pretty terrible and there were plenty of independent movies in history, not like it's a first at that. It's well done for a short story on private time and with limited funding on a computer. Is that the part that's so great about this movie?
Really, I am not certain what exactly I should be applauding to:
1. Pretty bad story?
2. Creative Commons license used?
3. Computer generated animation?
? Not totally sure.
The news are full of stories how this September was the best September for S&P and DOW in over 70 years, what the data shows that I am presenting is that it's just an illusion, it's inflation that is causing everything to go up and all commodities are rising faster than the dollar and other currencies are rising while the dollar is falling.
Do you see what's happening from this or not? The dollar is falling, commodities and other currencies are rising (and foreign equities) it's inflation and the Fed came out a number of times and said that this is not the level of inflation they are comfortable with, they want much faster inflation.
I am saying get out of the dollar, buy pretty much anything else (except for US bonds) and you'll do better than the dollar and S&P and DOW. I am saying if you want to keep your purchasing power you are better of in sugar, which rose by 19.5% in ONE MONTH. But of-course you can also buy precious/semi-precious metals if you don't like sugars.
So it has everything to do with inflation, but inflation is going faster and faster it's because the Fed is printing more and more money. They want all prices to rise, that's their goal.
In US many fools think that their gov't cares about their well being. Well, if they cared, they would have stopped printing the dollar and let the interest rate go where the market takes it and that would cause prices to fall. People need falling prices in bad economy, not rising prices. But the Fed has a policy right now to try and make US labor more competitive by taking away its purchasing power AND they want to keep the artificially high valuations of the house mortgages, so that the banks stay afloat and don't collapse once it gets out that they are still holding most of those toxic assets.
US gov't wants US citizens to lose their salary to inflation, but the gov't is forgetting that the nominal salary is only a small part of the equation. To make the US labor competitive again, the prices for all sorts of things must come down for doing business, like tariffs, payroll taxes. Regulations must be repealed. The health insurance needs to be cheap (which can only be done if it gets its status of insurance back, the way it was before Nixon, so that most expenses are paid out of pocket). None of this will happen and so the US labor will stay uncompetitive and jobs will not come back just because the Fed is printing more money to cause more inflation, instead you'll see prices of food and energy and clothing going up.
That's what US gov't is going to cause: massive inflation in real terms of food and clothing and energy and other goods and eventually, when they can't hold off the market's forces anymore, the interest rates will skyrocket and then the housing bubble will collapse completely, taking down the bond market and then the Fed will print the USD to buy back all the bonds and it will cause a currency crisis.
This is an indication of the times that are coming: inflationary depression.
The fossil was uncovered when a large remnant of what appears to be a pre-historic version of a chair was removed from the top of its head.
The chair was carved out of stone.
Numbers below are courtesy Peter Schiff:
October 1 2010
Gold: new high
Silver: new 30 year high
Gold stocks hit 52 week high
Oil: strong day and strong week
Dollar: dropped 13 percent from peak 3 months ago
September is done, media says: this is best September in 71 years. Dow gained 7.7%, SMP gained 8.8%.
However this month of September.
CRB Index (commodities): gained 8.7% - beat DOW and just under SMP
Soy beans: up 9.5% - beat SMP
Copper: up 10% - beat SMP
Rice: up 10% - beat SMP
Oil: up 11% - beat SMP
Corn: up 12% - beat SMP
Silver: up 13% - beat SMP
Frozen concentrated orange juice: up 13% - beat SMP
Cotton: up 17.5% - beat SMP
Sugar: up 19.3% - beat SMP
Currencies:
Swiss Frank: up 4.6%
Euro: up 7%
Australian Dollar: up 9% - beat SMP
--
Realize that this so called 'best September' is no such thing, what you are observing is huge, very fast inflation.
Beware of USD and US bonds.
Fed says that this inflation is still too low, to slow, prices are not rising fast enough for the Fed. Fed wants your prices to go up up up up up up up.
Buy sugar and get out of the dollar.
High Frequency Trading algorithms are most likely written by a very small number of people, who probably even know each other. The approaches to creating these algorithms should be very similar.
So it should not come as a surprise that given the same set of market data (news/some stocks going up/some going down/interest rates velocity/housing data/confidence/M1/Mx/etc.) the algorithms used by different HFT houses would respond in a similar fashion.
Imagine HFT House 1, 2, 3.
Now if one of them (1) noticed the market data at the same time *(and they saw that Japan was doing something funky with currency at that time) it started calculating probability of stocks going up or down and decided to play it safe (which at that time meant moving out of equities and commodities into cash), so it started to sell.
Now the other one (2) noticed the same thing about the market and noticed that (1) is selling, so it (2) upped the probability that stocks will go down and also decided to 'play safe' and started moving into dollars.
Same with the last one (3).
Now everybody is trying to sell at increased velocities. First they do their normal 5000 transactions/second post and cancel routine, but eventually they would actually stop canceling, prompting the rest of the market to start selling, triggering the automatic retail stops etc.
The HFT algorithms are really synchronized when it comes to overall data and they magnify the resulting movement by each others' actions.
BTW., you'll soon notice that bad news will no longer cause stock markets to go down, but instead they'll go up and so will commodities, that's because it is now recognized that bad news = more quantitative easing = more inflation = weaker dollar. So who wants to buy dollar on bad news, if bad news really means that the Fed will print more dollars? Same with bonds, buying bonds is stupid, they'll eventually figure it out. Buying bonds is like buying dollars to be received a number of years into the future. BUT if you don't want dollars that are inflating NOW, why would you want the inflated dollars in the FUTURE? Makes no sense, so bonds will also go down upon bad news eventually.
You can see these mini flash events caused by HFT in different market segments through the day, if one bank goes down in a very short time frame, then you can be almost certain that most of them went down by the same amount, and then they'll all come back to almost the original levels minus the retail auto stops that'll be eaten. Don't be a sucker, move your money to commodities or foreign equities.
You are simply wrong, it's success, not a failure.
But of-course this is success of government abusing free market. Gov't is subsidizing the farmers, it shouldn't do that, that's first.
Secondly, if the market found a way to feed all of you, carnivores, with that meat, you should be thankful, it's a success story.
Gov't is not there to give you any rights, it is there to protect the liberties that you have regardless of the gov't wishes.
The fact that you are saying: something bad is happening right now, only plays against your position, because right now, today, now, the markets are more regulated than they were yesterday and yesterday they were more regulated than they were 2 days ago, etc. Every day brings more regulations, more bills, more monopolies created by governments, more taxes, more subsidies, more spending. Gov't isn't bringing anything at all that can solve any problem, but it can create another problem in form of yet another bill and another regulation.
You are a Clear channel, you buy your equipment and I set up my equipment, that's bigger than yours or something to that effect if there is no ownership of the waves.
If there is ownership, then the waves are privately owned and are rented out or used by the owners, and the difference between that and what is happening now is: more market forces that work by letting you make your individual choices. Maybe you'll chose to buy a radio frequency or rent it and put your content on it, so what is stopping you if you have a good plan? Money? If your plan is sound you'll get credit (unlike right now, when you can't get credit because of gov't setting interest rates at 0 and creating an environment, where banks only lend back to gov't through t-bills and making a spread.)
Interest rates clearly should be left to go where the market takes them, rather than allowing gov't to set them. I haven't 'cooked up' anything, the only way an economy can recover is by removing the power of gov't to subvert the free market.
There is no such thing as "too little gov't regulation". All of it is too much, any amount of it.
Even the case of Standard Oil that is often used to argue against free market is incorrect, it had plenty of help from various politicians in various governments, not only the US, but more importantly by the time it was broken into pieces five or six competitors already appeared.
I disagree with this: destroying utility of the airwaves.
On the other hand, if the utility of the airwaves if provably high, then again, they must be sold off and then private owners would rent them or use them personally and it would be their headache - their investment.
I am not forgetting anything. AT&T was first granted a monopoly by the gov't, not just a monopoly either, it was 'national priority' or 'national security' or some such nonsense.
Trusts can happen, sure, but not without gov't interference can they stay being monopolies if the services they provide are not bearable by the market. When the services become too expensive or too low quality for the market, the market invents competition.
Right now the monopolies are not only huge, they are bailed out by the gov't with so called 'taxpayer' money.
I don't see a problem in this at all beyond your assumption that some one particular channel will have radio signal stronger than yours.
Let the market figure it out, what is happening now is clearly garbage, you already have Clear Channel in plenty of the space, so if the market is interested in competing with it, it should be competing with it, not running to an authority with guns.
And how exactly would they be preventing that? In fact the more interesting question is this: how can anybody claim ownership of radio waves at all? I am for more competition and I don't believe this lock onto radio waves by any entity serves a good purpose. FCC is not better doing any of it than any company would, the question really is why should one entity own the right dictate to everybody how one resource is used?
Sell the assets channel by channel to separate owners and let the market figure it out.
Monopolies are formed with government help. Currently there are monopolies in every segment of the market, some monopolies are established by gov't directly (like AT&T was as an example with their land lines, any sort of infrastructure monopolies), some are just sponsored into becoming monopolies and then they are taken care of by the gov't contracts, subsidies, tax breaks and various regulations that kill off competition (this is in everything, banking, financing, telecommunications, education, health, military, energy, agriculture, manufacturing, pretty much everywhere.)
So it's a huge joke talking about how monopolies would overrun the place if there was no gov't, because gov't is the primary cause for monopolies.
Gov't has done more to promote monopolies than anything else ever, this includes even copyrights and patents. Gov't loves monopolies because they give much bigger kickbacks to the gov't officials' campaigns etc.
It's no contest, if there was no gov't at all there would have been much fewer monopolies and they would have covered some very niche parts of the market - natural monopolies. Everywhere else you'd see actual competition.
Again, gov't should not own any assets. If gov't is the one originally holding the airwaves as an asset, it should be selling that asset to private companies, that's my position. How it would be used from then on would be up to the market to decide, but gov't shouldn't own it.
Not a fan of any assets being owned publicly. I left the link to my previous posts, I discussed this in great length previously. Gov't shouldn't own assets, there should be no commons. No commons = no tragedy. Everything must be private.
So far what have the gov't achieved owning stuff? Well, it put liability caps on deep water drilling, pretty much giving green light for corporations not to care about safety and proper insurance and procedures. If I owned that particular piece of ocean privately, I would have never set any liability caps, I would have required enough insurance from BP before they started drilling and without liability, they would have had a much greater incentive to be safe.
Basically I do not agree with Federal gov't doing anything at all except minimum military and Justice system to protect the contract law and work on criminal cases.
Also without gov't modifying the rules of the market, there wouldn't have been such a thing as 'limited responsibility'. People would have been personally responsible.