How does the cleanfeed system handle peer to peer? Because usenet, email, gnutella are all peer to peer. All it would take is for someone to implement a peer to peer static caching system for web sites and build it into an add-on or module for firefox.
You're imagining that there are dollars outside your system which can come in and pay your debt.
National currencies aren't like that. All the dollars and all the debt are already there inside.
The US is in this position; All it's debts are denominated in US dollars. There are 47 trillion in US debts. There are only 11 trillion US dollars.
How can you pay back the debt? No matter what you do. No matter how efficient you are, no matter how hard you work. There are still only 11 trillion dollars to pay back 47 trillion in debt. Even worse, most of those dollars (90%) are credit, so they simply vanish when they pay the principal on the debt.
The genius of the capitalist system is that it gets you busy working as hard as you can and you simply get deeper and deeper in debt.
Do you have any clue how much toxic debt there is circulating out there?
There is far, far more debt than there is money. It can't be paid off. It's pretty clear that the US can't even pay the interest any more.
You can approximate the percentage of people and businesses who may go bust by the credit/debt ratio. Once many of their debts have been written off and the ratio falls, the economy will be ok again for a few years until the debt grows out of hand again. (maybe the system will have been reformed by then, who knows).
Approximate numbers (not quite up to date, but ballpark, they should be worse by now) US total debt is around 47 trillion dollars. That's national, business, personal. US total money is around 11 trillion dollars. (M3)
The ratio then is around 4:1
As each dollar of credit pays off one dollar of debt, it vanishes. So you see, any attempt to pay off the debt using credit is completely futile. What America has been doing for the last 40 years is create new credit and debt to pay off the interest on the debt. (Gotta love these Ponzi schemes.) That's what all the "growth" bullshit has been about.
However that assumes that there is someone out there willing and able to take on that new debt. It used to be China, Japan and the UK as the primary holders. The UK is in an identical position to the US. Japan's economy just dropped 12%, so that pretty much leaves China, and they have a billion people internally to take care of.
My, aren't you guys proud of yourselves?
So... I think you'll find the government under Obama beginning to print (not borrow) trillions of dollars. Or rather, the fed will buy newly issued debt with freshly printed dollars. I'm fairly sure this stimulus package will be but the second of several more even larger packages. Obama gets to go on a spending spree of epic proportions. How would you like a 20% raise? What depression? It's going to be the roaring 10s.
This has all been predicted, the system is predictable. Hell, there have been loads of books written about it, maybe you read them. No?
The rest of the world has to buy US dollars in order to buy oil. America is paid for every barrel of oil which is sold across the world. (Ask the Saudis exactly why that might be the case)
That is why the status quo isn't changing any time soon.
Our politicians aren't stupid either. The simply can't afford to piss off their backers, so they end up making all kinds of bizarre and unhelpful decisions in order to please them.
I mean... Fuck. We're well into the trillions now. How big is a trillion? 1,000,000,000,000 dollars. It's a lot of paper.
Here's a question for you... How much capital does a well run bank need?
Answer: SFA.
Under the existing fractional reserve system, banks don't need much money, as bizarre as that sounds. With 700 billion dollars and the existing 10% reserve ratio in the US, the American government could have entirely replaced the existing fucked up banks with clean banks able to lend, and the problem would largely have been solved by now. Instead, of allowing them to fail, they are propping up a bunch of what are effectively zombie banks, as the Japanese government also did. I assume they'll continue to prop them up until they can unload their toxic crap on the government.
Why? Well, have a look at the campaign contributions for that answer. I mean, jesus. Geithner; New York Fed. Do you really expect anything to change?
Oh, btw, you and your children are paying for the privilege.
Haven't you all noticed? It's only the largest event in modern history.
Talk about bizarrely misplaced complacency. Particularly since the US is a trillion in debt to China and has shipped most of the production capacity there as well.
It's electric. It doesn't have to stop till it reaches the destination. The bloody things are 2kW. That's like a hairdryer.
A bus has to stop at every bus stop and then accelerate a 30 tonne vehicle back up to 30mph. As does a train, except that's 45 tonne vehicle.
Now think about the nature of a 45 tonne train accelerating and decelerating.. You can only afford to run it at peak times. At other times you have to reduce the schedule, which means people waiting longer. Which means poorer performance.
Now think of the infrastructure required to support a 45 tonne (per carriage) vehicle . It has to be big. That means expensive, and both big and expensive mean that it can only be run to the areas of highest demand. The truth is that trains do not scale. Buses scale better but have even poorer performance characteristics.
1. It won't "run out". Production will peak and it'll become more expensive as production declines.
2.As it and oil becomes more expensive, a larger and larger proportion of the economy will be dedicated solely to producing energy.
Lets say you go to Saudi and suck some oil from the ground. You get 100 times more energy back than you put in. Now lets say you go to Canada and try to turn some "tar sands" into oil. That's like trying to suck the oil out of asphalt. You'll be building nuclear power stations just to provide the heat to do it. You might get 2-3 times more energy out than you put in.
This is why it's a big problem. You end up spending all your time and energy producing energy.
The word gets bandied about here and there, but do you know what growth really is and why it's needed?
Ok, I'll tell you.
Growth is the increase in bank credit (and corresponding debt). It is a purely monetary phenomenon, the supply of money must grow every year. That's it, credit and debt. Yes, it is. Increase the money, the GDP increases. Simple.
It has little relation to reality. A house which has increased from 100,000 to 200,000 has "grown" in value but otherwise hasn't changed. More money chasing the same thing. Now, the real stuff does grow as well, but the figures quoted as "growth" don't represent reality. Lets take 1981 as an example, 12% GDP growth... Were there 12% more cars on the road, more houses built, more businesses, all in that single year? Nope.
Lets take 1976. 11% GDP growth. A doubling period of 6 years. Did EVERYTHING double between 76 and 81? Nope. Only the money did.
Growth, as used by politicians, financiers, journalists, then is basically how much paper is printed, and how much credit is created on top of that by banks. You can essentially equate growth with inflation; The devaluation of the currency.
Slashdot Mirror
How does the cleanfeed system handle peer to peer? Because usenet, email, gnutella are all peer to peer. All it would take is for someone to implement a peer to peer static caching system for web sites and build it into an add-on or module for firefox.
That is.
You're imagining that there are dollars outside your system which can come in and pay your debt.
National currencies aren't like that. All the dollars and all the debt are already there inside.
The US is in this position; All it's debts are denominated in US dollars. There are 47 trillion in US debts. There are only 11 trillion US dollars.
How can you pay back the debt? No matter what you do. No matter how efficient you are, no matter how hard you work. There are still only 11 trillion dollars to pay back 47 trillion in debt. Even worse, most of those dollars (90%) are credit, so they simply vanish when they pay the principal on the debt.
The genius of the capitalist system is that it gets you busy working as hard as you can and you simply get deeper and deeper in debt.
Do you have any clue how much toxic debt there is circulating out there?
There is far, far more debt than there is money. It can't be paid off. It's pretty clear that the US can't even pay the interest any more.
You can approximate the percentage of people and businesses who may go bust by the credit/debt ratio. Once many of their debts have been written off and the ratio falls, the economy will be ok again for a few years until the debt grows out of hand again. (maybe the system will have been reformed by then, who knows).
Approximate numbers (not quite up to date, but ballpark, they should be worse by now)
US total debt is around 47 trillion dollars. That's national, business, personal.
US total money is around 11 trillion dollars. (M3)
The ratio then is around 4:1
As each dollar of credit pays off one dollar of debt, it vanishes. So you see, any attempt to pay off the debt using credit is completely futile. What America has been doing for the last 40 years is create new credit and debt to pay off the interest on the debt. (Gotta love these Ponzi schemes.) That's what all the "growth" bullshit has been about.
However that assumes that there is someone out there willing and able to take on that new debt. It used to be China, Japan and the UK as the primary holders. The UK is in an identical position to the US. Japan's economy just dropped 12%, so that pretty much leaves China, and they have a billion people internally to take care of.
My, aren't you guys proud of yourselves?
So... I think you'll find the government under Obama beginning to print (not borrow) trillions of dollars. Or rather, the fed will buy newly issued debt with freshly printed dollars. I'm fairly sure this stimulus package will be but the second of several more even larger packages. Obama gets to go on a spending spree of epic proportions. How would you like a 20% raise? What depression? It's going to be the roaring 10s.
This has all been predicted, the system is predictable. Hell, there have been loads of books written about it, maybe you read them. No?
(http://www.federalreserve.gov/releases/z1/Current/data.htm)
That's the first question...
Thermodynamics, waves, subatomic particles etc etc.
Y'know. Where ALL the money goes.
Hmmm. Lets tax internet downloads... Genius at work. Aren't you glad your representatives are as highly effective as they are?
The rest of the world has to buy US dollars in order to buy oil. America is paid for every barrel of oil which is sold across the world. (Ask the Saudis exactly why that might be the case)
That is why the status quo isn't changing any time soon.
Pyrolysis.
You pyrolyse the crap and bury the resulting char in your fields.
It's just cheaper to bury it. However the oil's running out so that'll all change.
It's all about the money and how much you can afford to burn.
Jeez, I'd like to patent invisible rocket suits
So why don't you?
Clearly patents now have absolutely no relation to any form of reality.
Paper mills need lots of water. Y'know like for cooling.
Our politicians aren't stupid either. The simply can't afford to piss off their backers, so they end up making all kinds of bizarre and unhelpful decisions in order to please them.
I mean... Fuck. We're well into the trillions now. How big is a trillion? 1,000,000,000,000 dollars. It's a lot of paper.
Here's a question for you... How much capital does a well run bank need?
Answer: SFA.
Under the existing fractional reserve system, banks don't need much money, as bizarre as that sounds. With 700 billion dollars and the existing 10% reserve ratio in the US, the American government could have entirely replaced the existing fucked up banks with clean banks able to lend, and the problem would largely have been solved by now. Instead, of allowing them to fail, they are propping up a bunch of what are effectively zombie banks, as the Japanese government also did. I assume they'll continue to prop them up until they can unload their toxic crap on the government.
Why? Well, have a look at the campaign contributions for that answer. I mean, jesus. Geithner; New York Fed. Do you really expect anything to change?
Oh, btw, you and your children are paying for the privilege.
Is that she had already defined a P3P policy in Internet Explorer, so she didn't have to read the website documents. IE did it for her.
Microsoft have an R&D budget?
Haven't you all noticed? It's only the largest event in modern history.
Talk about bizarrely misplaced complacency. Particularly since the US is a trillion in debt to China and has shipped most of the production capacity there as well.
Cars and planes in 25 years.
Perhaps sooner.
http://news.bbc.co.uk/2/hi/business/7879372.stm
Anyone really think that the US dollar should be as strong as it is? After all, they're now throwing around trillions.
Yea, but it loses the efficiency of scale.
No. it doesn't.
It's electric. It doesn't have to stop till it reaches the destination. The bloody things are 2kW. That's like a hairdryer.
A bus has to stop at every bus stop and then accelerate a 30 tonne vehicle back up to 30mph. As does a train, except that's 45 tonne vehicle.
Now think about the nature of a 45 tonne train accelerating and decelerating.. You can only afford to run it at peak times. At other times you have to reduce the schedule, which means people waiting longer. Which means poorer performance.
Now think of the infrastructure required to support a 45 tonne (per carriage) vehicle . It has to be big. That means expensive, and both big and expensive mean that it can only be run to the areas of highest demand. The truth is that trains do not scale. Buses scale better but have even poorer performance characteristics.
Per passenger mile.
http://www.atsltd.co.uk/uploads/Documents/clean_air_paper.doc
other interesting docs:
http://www.atsltd.co.uk/uploads/Documents
What is it's purpose?
1. It won't "run out". Production will peak and it'll become more expensive as production declines.
2.As it and oil becomes more expensive, a larger and larger proportion of the economy will be dedicated solely to producing energy.
Lets say you go to Saudi and suck some oil from the ground. You get 100 times more energy back than you put in. Now lets say you go to Canada and try to turn some "tar sands" into oil. That's like trying to suck the oil out of asphalt. You'll be building nuclear power stations just to provide the heat to do it. You might get 2-3 times more energy out than you put in.
This is why it's a big problem. You end up spending all your time and energy producing energy.
You earn 100. A year later it's only worth 91.
Sorry, but if you think theft of labour is a human rights offence then, your political and financial leaders are also criminals, on an epic scale.
The sad fact is that the theft of human labour is an intrinsic and well rewarded part of our society.
They're just rubbish.
HTH.
Hey, there's another 800 billion heading towards the banks under the new guy... Didn't you notice?
Perhaps you might have noticed that the new guy at the Fed, is the old guy from the New York fed.
Or perhaps you didn't notice Obama's biggest contributers.
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638
Sure, globalisation has created a lot of growth.
The word gets bandied about here and there, but do you know what growth really is and why it's needed?
Ok, I'll tell you.
Growth is the increase in bank credit (and corresponding debt). It is a purely monetary phenomenon, the supply of money must grow every year. That's it, credit and debt. Yes, it is. Increase the money, the GDP increases. Simple.
It has little relation to reality. A house which has increased from 100,000 to 200,000 has "grown" in value but otherwise hasn't changed. More money chasing the same thing. Now, the real stuff does grow as well, but the figures quoted as "growth" don't represent reality. Lets take 1981 as an example, 12% GDP growth... Were there 12% more cars on the road, more houses built, more businesses, all in that single year? Nope.
Lets take 1976. 11% GDP growth. A doubling period of 6 years. Did EVERYTHING double between 76 and 81? Nope. Only the money did.
Growth, as used by politicians, financiers, journalists, then is basically how much paper is printed, and how much credit is created on top of that by banks. You can essentially equate growth with inflation; The devaluation of the currency.
Growth IS higher prices...
Growth stats:
http://www.econstats.com/gdp/gdp__a10.htm
The only species with the idiocy and shortsightedness to make a species go extinct,
Completely utterly wrong.
All species end up extinct. They are replaced by others which are more fit for the environment.