No it isn't. Not any more than it robbed me to pay my parents and grandparents. Because it will pay me back more than I put in, too. And it will pay my descendants more than they pay in as well.
No robbery there. Just cautious investment in the biggest, most stable mutual fund in the universe.
Most people don't understand that their savings account is a loan to the bank.
Seriously. Read the banking laws. You give the bank a dollar, you become a creditor and the bank becomes a debtor, and that's how you'll be treated in court when you have to sue to get your money back.
Banks are the registry in the flow of cash from the mattress into the money-multiplier.
Lent money is not created, it is granted in return for a promise to repay it with interest. The interest is in the form of future earnings for future risk and effort.
Money is multiplied, in other words, by impounding value from the future. There's actually much more money in the system than was depositied in the first place.
This is not what happened at Full Tilt. At Full Tilt, there was much less money in the system than was deposited. And no way to get it back.
Both schemes are stable in part because not every depositor wants to withdraw every dollar deposited at the same time. In the case of the banking system, the inability to do that is legal, and is the result of how the money is used, to amplify the economy. In the case of Full Tilt, the inability to do that is illegal, and is the result of how the money is used, to enrich the crooks who set up the scam.
All insurance schemes depend on paying claims out of income from premiums and investments. SSA is no different, it's just a lot safer and a lot cheaper than any private insurance business.
Aside from the house advantage, casinos can lose in the short term. And most casinos will have the cash, in the vault if not in the cage, to cover every chip on the floor.
Anyone trusting an online casino or poker room with real money is a moron in the first place. You have zero insight into who does or doesn't have the ability to see or control that machinery. Everything that could be done to cheat you has been done to cheat someone. This won't be the last time the corporate structure of these things is found to be the conduit for the cheat.
Video games are a driver issue. Windows gives the computer over entirely to the game. Linux does too, but has more niggles with card interfaces because it has no consistent relationship with card vendors.
That could change if the card vendors realize they can package games for something other than Windows. Like, say, Android. Then the card vendor has total control of the interface.
i was playing with PowerShell today, and discovered "get-alias", and within its output discovered that "man" is one of the default aliases. "man dhcp" doesn't return much, but it looks like it returns just what "man -k dhcp" should
i was playing with PowerShell today, and discovered "get-alias", and within its output discovered that "man" is one of the default aliases. "man whatever" does what "man -k whatever" would do.
There's no "load balancing" at all built into wi-fi. Your laptop will latch on to the first system in its list, if it can. Even if the construction of the list is fully randomized every time the laptop is told to find an AP, the number that find the same AP first is also a random number, and can vary from 0 to All. And if the SSID broadcast from them isn't coordinated to split the interval between broadcasts equally, then one of them is more likely to be in the top of the list every time, because it comes around the merry-go-round in front of the other one every time.
You'd have to set up the laptops with one SSID or the other in order to ensure balance.
Smoking can kill you and anyone around you. It should not be legal, but the tobacco-murderer cartel spends hundreds of $millions keeping it legal. If your congressman isn't posting "trying to make smoking illegal" on his website, he's in on it.
Drinking can kill you only if you're addicted to it. It's far less addictive than tobacco. It can kill others around you only if you act while drunk to kill them yourself. We made it illegal once, and it made the Mob a government unto itself, and the Mob owned major portions of the country for 60 years, even after we legalized it again.
Some illegal drugs probably should be legal. But not all. Weed, likely. Coke/crack/meth/smack, fuck no. Any drug that turns you into nothing but a vehicle for getting more of the drug, no. Get it to critical mass in the population, and it ends populations. It was illegal in the 60s and 70s, but tolerated among the population enough that policing it was irrelevant, and it turned parts of NYC into devastated war zones. It turns simple poverty into $0 for miles, and makes junkie-on-junkie crime the primary employer, and junkie-on-the-man crime the primary non-drug entertainment.
We need to stop treating Mexico like a foreign devil-nation full of filthy wogs, and start treating it like the deteriorating crack-house next door. Stop spending a $trillion a year fighting Poppy Bush's revenge wars on the other side of the globe, and start fighting the shitheads who've turned war into an industry on our back porch.
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> is robbing your children and grandchildren
No it isn't. Not any more than it robbed me to pay my parents and grandparents. Because it will pay me back more than I put in, too. And it will pay my descendants more than they pay in as well.
No robbery there. Just cautious investment in the biggest, most stable mutual fund in the universe.
It does when the account you're writing against is a trust fund and you're its executor, not its beneficiary.
IIRC, the rules have been changed, and the use of sweep accounts to avoid reserve requirements has been curtailed if not stopped altogether.
They'd have to have been regulated as a bank, as well.
And I'm pretty sure that banks aren't allowed to deal poker.
Uhhh, haha.
No. There are legal ways to do things and illegal ways to do them.
And stealing the money from your depositors before the government can legally impound it... hoo boy.
Most people don't understand that their savings account is a loan to the bank.
Seriously. Read the banking laws. You give the bank a dollar, you become a creditor and the bank becomes a debtor, and that's how you'll be treated in court when you have to sue to get your money back.
Banks are the registry in the flow of cash from the mattress into the money-multiplier.
Lent money is not created, it is granted in return for a promise to repay it with interest. The interest is in the form of future earnings for future risk and effort.
Money is multiplied, in other words, by impounding value from the future. There's actually much more money in the system than was depositied in the first place.
This is not what happened at Full Tilt. At Full Tilt, there was much less money in the system than was deposited. And no way to get it back.
Both schemes are stable in part because not every depositor wants to withdraw every dollar deposited at the same time. In the case of the banking system, the inability to do that is legal, and is the result of how the money is used, to amplify the economy. In the case of Full Tilt, the inability to do that is illegal, and is the result of how the money is used, to enrich the crooks who set up the scam.
No. Your bank is regulated as to how it can use the deposits that it does not retain in reserve.
It can't just donate them to the guys in the back office.
All insurance schemes depend on paying claims out of income from premiums and investments. SSA is no different, it's just a lot safer and a lot cheaper than any private insurance business.
Aside from the house advantage, casinos can lose in the short term. And most casinos will have the cash, in the vault if not in the cage, to cover every chip on the floor.
Anyone trusting an online casino or poker room with real money is a moron in the first place. You have zero insight into who does or doesn't have the ability to see or control that machinery. Everything that could be done to cheat you has been done to cheat someone. This won't be the last time the corporate structure of these things is found to be the conduit for the cheat.
Video games are a driver issue. Windows gives the computer over entirely to the game. Linux does too, but has more niggles with card interfaces because it has no consistent relationship with card vendors.
That could change if the card vendors realize they can package games for something other than Windows. Like, say, Android. Then the card vendor has total control of the interface.
There's no Angry Birds desktop for Windows.
They don't have lock-in.
Linux is gaining on them, especially in nontraditional spaces, and Apple could rear up and eat their lunch at any moment.
Windows 8 is a very cagey reaction to that, as it's no longer Windows at all.
Nice. Guess which are the only two options available on this browser...
It's called "underemployment," and if it ever bubbles up into the economic argument, it's going to cause a shitstorm.
I'd tell you, but you'd never believe me.
The first few commercials were creepy in lieu of quirky and I chalked it up to a fluke.
But they haven't gotten any less creepy. I actually feel like I'm getting germs whenever I use anything with the Bing logo on it.
better:
i was playing with PowerShell today, and discovered "get-alias", and within its output discovered that "man" is one of the default aliases. "man dhcp" doesn't return much, but it looks like it returns just what "man -k dhcp" should
i need to dig at it some more, see what it can do
i was playing with PowerShell today, and discovered "get-alias", and within its output discovered that "man" is one of the default aliases. "man whatever" does what "man -k whatever" would do.
i need to dig at it some more, see what it can do
Sounds like a Texas Faraday Cage Death Match.
If I hear a CTO say "bake off" instead of "trade study," I'm talking to the CEO about making the CTO a CUO (completely unemployed oaf).
Must be.
If they were werewolves I'd have seen them at the meetings.
Man, if I could have one that does adaptive beam-shaping...
The Apple Newton had "handwriting recognition," and it almost killed Apple. It did kill one of the Newton's engineers.
So far, padlike interfaces have been losing text-entry business to keyboards.
But the new generation of pads since the introduction of the iPad are much better at things. My question is, will the input tide turn?
There's no "load balancing" at all built into wi-fi. Your laptop will latch on to the first system in its list, if it can. Even if the construction of the list is fully randomized every time the laptop is told to find an AP, the number that find the same AP first is also a random number, and can vary from 0 to All. And if the SSID broadcast from them isn't coordinated to split the interval between broadcasts equally, then one of them is more likely to be in the top of the list every time, because it comes around the merry-go-round in front of the other one every time.
You'd have to set up the laptops with one SSID or the other in order to ensure balance.
Smoking can kill you and anyone around you. It should not be legal, but the tobacco-murderer cartel spends hundreds of $millions keeping it legal. If your congressman isn't posting "trying to make smoking illegal" on his website, he's in on it.
Drinking can kill you only if you're addicted to it. It's far less addictive than tobacco. It can kill others around you only if you act while drunk to kill them yourself. We made it illegal once, and it made the Mob a government unto itself, and the Mob owned major portions of the country for 60 years, even after we legalized it again.
Some illegal drugs probably should be legal. But not all. Weed, likely. Coke/crack/meth/smack, fuck no. Any drug that turns you into nothing but a vehicle for getting more of the drug, no. Get it to critical mass in the population, and it ends populations. It was illegal in the 60s and 70s, but tolerated among the population enough that policing it was irrelevant, and it turned parts of NYC into devastated war zones. It turns simple poverty into $0 for miles, and makes junkie-on-junkie crime the primary employer, and junkie-on-the-man crime the primary non-drug entertainment.
We need to stop treating Mexico like a foreign devil-nation full of filthy wogs, and start treating it like the deteriorating crack-house next door. Stop spending a $trillion a year fighting Poppy Bush's revenge wars on the other side of the globe, and start fighting the shitheads who've turned war into an industry on our back porch.