I wasn't going to reply, but you have been modded up and someone congratulated your post.
If you received (for example) $10,000 from the Federal Reserve Bank with no interest, you would still owe $10,000 in 30 years, which with 3% per month inflation, will be worth about what $0.23 is worth today. The original $10,000, if you were to invest it such that it would bring returns equal only to inflation, would eventually be $400 billion, which would be worth what $10,000 is today.
It sounds as if you're implying no wealth was given. Remember in this scenario, you borrowed $10,000 and are paying back the equivalent of $0.23. That is a net gain of $9,999.77. Pray tell what magic would you have to weave to accomplish this gain of wealth? Get out of dollars at the receipt of the loan, ie spend the money and exercise the wealth.
Fortunately, the Fed doesn't work that way. It usually charges an interest rate (called the discount rate) that is, on average, equal to the rate of inflation
What world do you live on?
inflation (which is about 3% per year)
I would like to know how you are privy to the inflation rate! The inflation rate I'm talking about is the original definition of the term, from the dictionary:
Monetary sense of "enlargement of prices" (originally by an increase in the amount of money in circulation) first recorded 1838 in Amer.Eng.
We're talking about increases in the money supply. The fed does NOT release the actual numbers for quantity of money it has created. A partial audit of the FED has indicated that very recently they have over $15,000,000,000,000.00 of cash dispensing that they were keeping secret. This is a astronomical amount.
While the FED has been increasing the money supply, the banks have been decreasing it in their efforts to stay afloat. This is masking the inflation rate. What do you think will happen if the banks resume business as usual?
The biggest effect of such inflation is that people whose investments didn't meet or exceed inflation now have worthless savings. That means retirement savings, business investments, and many other facets of daily economic life all grind to a halt, because the person (or company) saving can't get money fast enough to compensate for the loss of purchasing power their money has.
Nothing grinds to a halt. Wealth is transferred from those with their accounts frozen (you and I and everyone in the 99%) to those who continue to receive the new money that is generated. The little people continue to live day by day, paycheck to paycheck watching their savings evaporate into the hands of the cronies. When demand is increased via an increase in the money supply, it is increased directly by the hands of those who received the newly created moneys! They are the ones who's Willingness To Pay has increased. Everyone else still has the same money, their willingness to pay is the same, they just won't be the ones actually buying the goods because their WTP is now comparatively less.
Unlike you I have been there. Luckily my family saw it coming and went first to dollars then to commodities before nation wide account freezes occurred. Sure it helps to leave the country with your money too, you have to get it out of the grasp of those who would steal your wealth.
This story is as old as dirt. The roman empire collapsed in a spectacular fashion in this same way. It tried to mint ever smaller coins and force it's citizens to accept them for the same value as the larger coins. Then it started using cheaper metals. Then finally the currency was a joke and no one would take it unless it was a sword point.
I haven't even mentioned how propping up companies with these moneys throws a wrench in the capitalist system. Here's one example. When you propped up Chrysler and GM with bailouts, low or interest free loans and screwing their creditors in that joke o
No, you really can't. However, certain institutions (the Federal Reserve Bank and other equivalents) can effectively create cash by creating an equal amount of debt, which works much like cash but with a negative value. Then that institution can issue both the cash and the debt to a bank, effectively giving a value of zero. If a bank wants to lend out the new cash it just received, it's still stuck with the equivalent amount of debt to pay back at some point. The bank could make arrangements with other banks to pay back the debt for them, and raise fees to cover the debt, but the debt still exists. There is no non-existent cash, and there is no free money, either.
I think you are really confused.
Let me ask you this. If the inflation rate is 3% per month and I'm able to secure a 30 year loan from the federal reserve at 0% interest, is the federal reserve not in effect GIVING me free wealth? The answer is an obvious yes. Please learn about rhetorical questions.
Where is this wealth coming from? It's coming from the IDIOTS holding US dollars during that 30 year period, watching the value decrease through the inflation that is created by the zero interest rate federal loans of which they'll never get their hands on.
Those idiots are YOU and I and everyone else in this country who is not a crony of the 1 party system.
Now you might say "well why don't you invest in commodities then? you don't need no stinkin commodities crowding your living space, just buy into the markets and the futures and options."
To which I reply "good Effing luck getting any of your wealth back from the hands of those in wall st"
I've been through this before in other countries. The next step is to declare a bank holiday and freeze people's bank accounts so you can't retrieve your money. Freeze and confiscate their commodities. Freeze wages. Your debts won't be frozen. You will still have to pay your mortgage and your car payments, but your bank account will be frozen. The inflation will keep slicing away at your frozen salaries too. When it's all said and done, the debt of the 1% will be liquidated as it needs to be and the wealth of the 99% will no longer be in their hands.
Evolution by natural selection has certain characteristics that make it important
It was born from and refined by the scientific process
it has birthed many new disciplines which themselves have also created numerous predictions that have been tested.
there was no bias or possible alternative motive in it's acceptance
It can be disproved
It has withstood the test of time and thousands of professional scientists trying to disprove it
It can be used to make predictions and these also have been proven correct many times over
It is corroborated by all of our knowledge and is congruent
Because of all of the above it gains the distinction of being called a theory, not an explanation
I have not read papers on these 'black box' ideas, however I have watched the videos. First let's admit that it has none of the characteristics above and let's list some of its troubling characteristics
did not arise from the proven methods of science
it arose from a desire for a specific conclusion rather than examining the evidence
can not be disproved, you can always use the excuse of the creator having done something to fiddle with your results or planned ahead of time
it has not withstood criticism or even the simplest of sniff tests
it cannot be used to make predictions and has not made any successful predictions
it is not congruent with other theories
That's why one is a theory an the other is just propaganda. In fact the black box stuff will never leave that realm unless it either becomes possible to disprove (unlikely) or acquires a lot of supporting evidence from the realms of logic and mathematics.
Pro tip: when crafting a scientific theory by starting from your desired conclusion, you're doing it wrong. That's a big science fail.
I'm a scientist and a skeptic by nature. Not of global warming, I've read enough scientific papers myself to convince me; of the fact that humans are solely responsible.
Could someone please inform me where to look for direct access to the scientific evidence that disproves other sources of possible global warming?
But I hope you realize that it's not up to you to bring suit against the cops, amtrak and whoever owns union station in order to defend the rights of EVERYONE in the country.
Don't let them buy you off midway through the process either. They will continue to do this to everyone if people like you don't stand against them. We'll back you up.
Government ALWAYS turns into a tool of oppression for those with power, be they corporatti, clergy, royalty, gangsters or ambitious politicians.
This is why the american constitution was written explicitly to make sure that the government is granted limited powers by the people; not that the people are granted rights by the government.
Whoever wrote this story hasn't been listening to the republican debate. I want to poke out my eardrums whenever michelle bachman speaks, sorry, screams.
Congress has oversight of the FRS. The place where I work, not so much.
Really? Because congress can no longer even get numbers about how much money is in circulation, how much has been printed and how much has been loaned out.
There's a reason why they had to threaten to pass a bill to audit the fed before they found out anything at all.
Also, I would like you to answer, who owns the fed? who is on the board of governers? How many appointments has each president made and who were they and on what basis have they been appointed and were they approved by congress?
Furthermore, do you think there's a conflict of interest between the people controlling the fed and their other occupations and family ties? Do you think they wield too much power?
By the way the answer to the last 2 questions is yes.
People drive because it is cheaper than paying an extra $100k for a more convenient living location.
You live in a simple world don't you?
The only difference between packets and cars is the magnitude of cost.
Must be nice to have it all figured out. Are you from the future because your intelligence is blowing my mind right now.
to get everybody where they want to be with LESS cars on the road
Way to miss the point in it's entirety. The point is about exponential growth, why it has to stop and why it IS going to stop no matter what gheyness you force people into.
By the way, I don't ever want to share my car with strangers. My car is as personal as a toothbrush. It feels like an extension of my body and brings me feelings of freedom and joy on a daily basis. I don't want nasty car interiors with other people's bogeys and fecal matter and the scent of harsh industrial cleaners and disinfectants.
I would be happy to personally expire thousands of people by my own hands and avoid the future you describe there.
These are great ideas for helping the disabled and dumb, but not for traffic loading.
The video talks about how they want to drastically increase the number of cars on the roads since the computers can drive very close to each other.
Sorry but we don't need more cars on the roads. What we need is to stop our crazy unsustainable growth in traffic.
They mentioned that the traffic is growing at a rate of 2.9% per year. Doesn't seem like much right? Well that's an exponential rate and it means that traffic will double every 23 years. So first they want to fill the entire surface of roads from 8% to 16% full of cars, then 32%. By then people who want to drive themselves probably no longer can and what have you gained? 40 years? then what? 4 more decades and you've got 100% of road surface area on the planet occupied by cars at all times anyway.
I enjoy driving, don't start making plans to make that enjoyment go away.
3% growth in any aspect of society becomes unsustainable very quickly. That's the nature of exponential growth.
I wanna put a camera in your bedroom, wait this is slashdot, your sister's bedrom. Trust me, I'm going to record images only when somebody breaks in and tries to rob the place. That way you'll be SAFER, er wait your sister will be safer.
Wait, why not? But you're ok with their cameras in your car?
Is it because you don't trust me? And you think the government is more trustworthy than I am? Hahaha.
Hey I get it. So you build in the inefficiency all the time, so that when those rare times come where you have to adjust you're already used to it?
Brilliant!
I had a crazy uncle that used to wear a buttplug all the time, so that just in case he got gang raped by a bunch of guys it wouldn't hurt.
Like I said tho, he was crazy.
Let's just pretend to forget that most countries in europe are crowded as fuck and cheap gas or not people ain't gonna be building anywhere NEW because there ain't nowhere new to build baby.
Welcome to the peanut gallery, where we argue over the peanuts
Meanwhile we've spent trillions of dollars on wars we didn't need, Trillions more on bailing out fat cats and who only knows how much to keep our empire stretched as thin as possible.
Seriously, who cares about the crazy North Korean dictatorship. I'm sure they're doing other outlandish things to like blacking out half the internet with their not-so-great-firewall and..
I once used the Alice bot plugin for aim and some of my friends would chat for several minutes before becoming frustrated and calling me to complain for why I'm being an asshole.
Anyway here's my exchange with cleverbot online:
Me: What up nigga. cleverbot: What up dawg. Me: If snoop dog and jesus had a fight, what would dr. dre say about it? cleverbot: That you are able explore things! Me: I'm trying to rebuild my transmission but the differential doesn't spin freely. Do you think if I reverse the orientation of the bearing on the side of the speed gear it would solve the problem? cleverbot: Having a 'better world' would only have a big flaw in it: being perfect. Nothing is or can be perfect.
Why does EVERYONE have this great misconception that EVs and charging stations are like chicken and egg?
Every time research is done into EV owner driving and charging patterns they show that people really don't drive that far on a daily basis and always prefer to charge AT HOME overnight rather than at some charging station.
Why would anyone want to drive to a charging station and wait an hour when they can just plug in when they get home? That's like having a gas pump at your house, but instead wanting to drive 30 minutes to a "gas station" to fill up.
For EV owners who have longer trips, they can take their second car, rent a car or fly.
Slashdot Mirror
I wasn't going to reply, but you have been modded up and someone congratulated your post.
If you received (for example) $10,000 from the Federal Reserve Bank with no interest, you would still owe $10,000 in 30 years, which with 3% per month inflation, will be worth about what $0.23 is worth today. The original $10,000, if you were to invest it such that it would bring returns equal only to inflation, would eventually be $400 billion, which would be worth what $10,000 is today.
It sounds as if you're implying no wealth was given. Remember in this scenario, you borrowed $10,000 and are paying back the equivalent of $0.23. That is a net gain of $9,999.77. Pray tell what magic would you have to weave to accomplish this gain of wealth? Get out of dollars at the receipt of the loan, ie spend the money and exercise the wealth.
Fortunately, the Fed doesn't work that way. It usually charges an interest rate (called the discount rate) that is, on average, equal to the rate of inflation
What world do you live on?
inflation (which is about 3% per year)
I would like to know how you are privy to the inflation rate! The inflation rate I'm talking about is the original definition of the term, from the dictionary:
Monetary sense of "enlargement of prices" (originally by an increase in the amount of money in circulation) first recorded 1838 in Amer.Eng.
We're talking about increases in the money supply. The fed does NOT release the actual numbers for quantity of money it has created. A partial audit of the FED has indicated that very recently they have over $15,000,000,000,000.00 of cash dispensing that they were keeping secret. This is a astronomical amount.
While the FED has been increasing the money supply, the banks have been decreasing it in their efforts to stay afloat. This is masking the inflation rate. What do you think will happen if the banks resume business as usual?
The biggest effect of such inflation is that people whose investments didn't meet or exceed inflation now have worthless savings. That means retirement savings, business investments, and many other facets of daily economic life all grind to a halt, because the person (or company) saving can't get money fast enough to compensate for the loss of purchasing power their money has.
Nothing grinds to a halt. Wealth is transferred from those with their accounts frozen (you and I and everyone in the 99%) to those who continue to receive the new money that is generated. The little people continue to live day by day, paycheck to paycheck watching their savings evaporate into the hands of the cronies. When demand is increased via an increase in the money supply, it is increased directly by the hands of those who received the newly created moneys! They are the ones who's Willingness To Pay has increased. Everyone else still has the same money, their willingness to pay is the same, they just won't be the ones actually buying the goods because their WTP is now comparatively less.
Unlike you I have been there. Luckily my family saw it coming and went first to dollars then to commodities before nation wide account freezes occurred. Sure it helps to leave the country with your money too, you have to get it out of the grasp of those who would steal your wealth.
This story is as old as dirt. The roman empire collapsed in a spectacular fashion in this same way. It tried to mint ever smaller coins and force it's citizens to accept them for the same value as the larger coins. Then it started using cheaper metals. Then finally the currency was a joke and no one would take it unless it was a sword point.
I haven't even mentioned how propping up companies with these moneys throws a wrench in the capitalist system. Here's one example. When you propped up Chrysler and GM with bailouts, low or interest free loans and screwing their creditors in that joke o
No, you really can't. However, certain institutions (the Federal Reserve Bank and other equivalents) can effectively create cash by creating an equal amount of debt, which works much like cash but with a negative value. Then that institution can issue both the cash and the debt to a bank, effectively giving a value of zero. If a bank wants to lend out the new cash it just received, it's still stuck with the equivalent amount of debt to pay back at some point. The bank could make arrangements with other banks to pay back the debt for them, and raise fees to cover the debt, but the debt still exists. There is no non-existent cash, and there is no free money, either.
I think you are really confused.
Let me ask you this. If the inflation rate is 3% per month and I'm able to secure a 30 year loan from the federal reserve at 0% interest, is the federal reserve not in effect GIVING me free wealth? The answer is an obvious yes. Please learn about rhetorical questions.
Where is this wealth coming from? It's coming from the IDIOTS holding US dollars during that 30 year period, watching the value decrease through the inflation that is created by the zero interest rate federal loans of which they'll never get their hands on.
Those idiots are YOU and I and everyone else in this country who is not a crony of the 1 party system.
Now you might say "well why don't you invest in commodities then? you don't need no stinkin commodities crowding your living space, just buy into the markets and the futures and options."
To which I reply "good Effing luck getting any of your wealth back from the hands of those in wall st"
I've been through this before in other countries. The next step is to declare a bank holiday and freeze people's bank accounts so you can't retrieve your money. Freeze and confiscate their commodities. Freeze wages. Your debts won't be frozen. You will still have to pay your mortgage and your car payments, but your bank account will be frozen. The inflation will keep slicing away at your frozen salaries too. When it's all said and done, the debt of the 1% will be liquidated as it needs to be and the wealth of the 99% will no longer be in their hands.
END THE FED.
Evolution by natural selection has certain characteristics that make it important
I have not read papers on these 'black box' ideas, however I have watched the videos. First let's admit that it has none of the characteristics above and let's list some of its troubling characteristics
That's why one is a theory an the other is just propaganda. In fact the black box stuff will never leave that realm unless it either becomes possible to disprove (unlikely) or acquires a lot of supporting evidence from the realms of logic and mathematics.
Pro tip: when crafting a scientific theory by starting from your desired conclusion, you're doing it wrong. That's a big science fail.
How the fuck am I supposed to get my freak on in the back?
I'm a scientist and a skeptic by nature. Not of global warming, I've read enough scientific papers myself to convince me; of the fact that humans are solely responsible.
Could someone please inform me where to look for direct access to the scientific evidence that disproves other sources of possible global warming?
Thanks sincerely.
s\not\now\
But I hope you realize that it's not up to you to bring suit against the cops, amtrak and whoever owns union station in order to defend the rights of EVERYONE in the country.
Don't let them buy you off midway through the process either. They will continue to do this to everyone if people like you don't stand against them. We'll back you up.
This is why the american constitution was written explicitly to make sure that the government is granted limited powers by the people; not that the people are granted rights by the government.
Thanks, I love it when people tell me what to do.
Whoever wrote this story hasn't been listening to the republican debate. I want to poke out my eardrums whenever michelle bachman speaks, sorry, screams.
That government is best which governs least.
Congress has oversight of the FRS. The place where I work, not so much.
Really? Because congress can no longer even get numbers about how much money is in circulation, how much has been printed and how much has been loaned out.
There's a reason why they had to threaten to pass a bill to audit the fed before they found out anything at all.
Also, I would like you to answer, who owns the fed? who is on the board of governers? How many appointments has each president made and who were they and on what basis have they been appointed and were they approved by congress?
Furthermore, do you think there's a conflict of interest between the people controlling the fed and their other occupations and family ties? Do you think they wield too much power?
By the way the answer to the last 2 questions is yes.
Here's the only thing that should come out of your lips when you are stopped on a non-border crossing:
Am I being detained or am I free to go?
repeat several times.
If they mention anything about searching your vehicle say you know your 4rth and 5th ammendment rights and you do not conscent to any searches.
Then go back to repeating the first phrase.
So WHY has nobody yet made a room with a cooled superconducting floor and went in wearing magnetic boots? WHY?
People drive because it is cheaper than paying an extra $100k for a more convenient living location.
You live in a simple world don't you?
The only difference between packets and cars is the magnitude of cost.
Must be nice to have it all figured out. Are you from the future because your intelligence is blowing my mind right now.
to get everybody where they want to be with LESS cars on the road
Way to miss the point in it's entirety. The point is about exponential growth, why it has to stop and why it IS going to stop no matter what gheyness you force people into.
By the way, I don't ever want to share my car with strangers. My car is as personal as a toothbrush. It feels like an extension of my body and brings me feelings of freedom and joy on a daily basis. I don't want nasty car interiors with other people's bogeys and fecal matter and the scent of harsh industrial cleaners and disinfectants.
I would be happy to personally expire thousands of people by my own hands and avoid the future you describe there.
If you don't have a proper legal argument, it's going to be summarily dismissed with prejudice and she'll have to pay their legal fees.
The video talks about how they want to drastically increase the number of cars on the roads since the computers can drive very close to each other.
Sorry but we don't need more cars on the roads. What we need is to stop our crazy unsustainable growth in traffic.
They mentioned that the traffic is growing at a rate of 2.9% per year. Doesn't seem like much right? Well that's an exponential rate and it means that traffic will double every 23 years. So first they want to fill the entire surface of roads from 8% to 16% full of cars, then 32%. By then people who want to drive themselves probably no longer can and what have you gained? 40 years? then what? 4 more decades and you've got 100% of road surface area on the planet occupied by cars at all times anyway. I enjoy driving, don't start making plans to make that enjoyment go away.
3% growth in any aspect of society becomes unsustainable very quickly. That's the nature of exponential growth.
I wanna put a camera in your bedroom, wait this is slashdot, your sister's bedrom. Trust me, I'm going to record images only when somebody breaks in and tries to rob the place. That way you'll be SAFER, er wait your sister will be safer.
Wait, why not? But you're ok with their cameras in your car?
Is it because you don't trust me? And you think the government is more trustworthy than I am? Hahaha.
Brilliant!
I had a crazy uncle that used to wear a buttplug all the time, so that just in case he got gang raped by a bunch of guys it wouldn't hurt.
Like I said tho, he was crazy.
Let's just pretend to forget that most countries in europe are crowded as fuck and cheap gas or not people ain't gonna be building anywhere NEW because there ain't nowhere new to build baby.
Welcome to the peanut gallery, where we argue over the peanuts
Meanwhile we've spent trillions of dollars on wars we didn't need, Trillions more on bailing out fat cats and who only knows how much to keep our empire stretched as thin as possible.
Seriously, who cares about the crazy North Korean dictatorship. I'm sure they're doing other outlandish things to like blacking out half the internet with their not-so-great-firewall and..
Oh.Shit. It's not the North Koreans...
Fuck. Well, I never knew the South Koreans were supposedly so bad at internet that they need to be tracked and punished.
I guess now when they whomp me at Starcraft I'll at least have their real names so I can know who beat me IRL.
I once used the Alice bot plugin for aim and some of my friends would chat for several minutes before becoming frustrated and calling me to complain for why I'm being an asshole.
Anyway here's my exchange with cleverbot online:
Me: What up nigga.
cleverbot: What up dawg.
Me: If snoop dog and jesus had a fight, what would dr. dre say about it?
cleverbot: That you are able explore things!
Me: I'm trying to rebuild my transmission but the differential doesn't spin freely. Do you think if I reverse the orientation of the bearing on the side of the speed gear it would solve the problem?
cleverbot: Having a 'better world' would only have a big flaw in it: being perfect. Nothing is or can be perfect.
Yeah, his head must be spinning!
Why does EVERYONE have this great misconception that EVs and charging stations are like chicken and egg?
Every time research is done into EV owner driving and charging patterns they show that people really don't drive that far on a daily basis and always prefer to charge AT HOME overnight rather than at some charging station.
Why would anyone want to drive to a charging station and wait an hour when they can just plug in when they get home? That's like having a gas pump at your house, but instead wanting to drive 30 minutes to a "gas station" to fill up.
For EV owners who have longer trips, they can take their second car, rent a car or fly.