I helped one of the Amish pull electronic reports off his laptop. They guy used Quickbooks for all his finances, and would print out invoices from his truck for customers of his building business. Amish != Luddite. It is often quite surprising how much they know about current technology and events. A more accurate description is that they are selective and deliberate about what they adopt into their lifestyle, rather than soak up whatever bits of pop culture are put in front of them.
In short, don't automatically assume real estate is the safe place to be in an inflationary environment, because it may not be unless one buys in an area with low property taxes and is relatively certain they won't increase much nor get hit with special assessments.
Not to mention you also sacrifice flexibility. If the job market tanks bad in your location it is FAR more difficult to up-root yourself to another area where the suck isn't so bad. If you think it is tough finding a job in a dying community, try selling a house in one! The job market is always asymmetrical in it's ups and downs - some areas will fail first, and others will recover first.
The problem people will be those that feel they have some sort of divine (or otherwise) responsibility to shame and/or punish pedophiles just for being pedophiles, even when no child is or would have been harmed.
I've always thought it is mostly venting frustrations at an unfulfilled desire for the deviant behavior. These repressed wants drive the need to punish any who would actually experience the object or action secretly desired. It's over-compensation and the guilty need to punish themselves by proxy - the more guilt, the more rabid foam.
Since the cellphones all connect to local towers and infrastructure, AT&T should actually see a rolling traffic spike as each tower and (possibly) it's back-haul connections are overwhelmed. I'm no wireless engineer, but I'd suspect the current congestion issues are mostly tower resource related.
I'd be inclined to agree with you, but unfortunately those taxes very rarely, if ever, go towards covering the costs society bears for that activity. Take smoking taxes. Here in Wisconsin there is a $1 per pack extra tax on the stuff. If your theory held true, that extra money the state collects on behalf of society should go to fund hospitals and prevention programs. Instead it is a bait and switch - tax something unpopular to make an attempt to close a very large budget hole. That is the real reason for all these new exotic taxing schemes, and the politicos know which buttons to hit to bring the useful idiots out in droves to support it.
I live out in the sticks where Internet is either satellite or dial-up, and actually priced out a balloon to get line of site for the local wireless provider since neither choice was appealing. I looked at advertising balloons, as they were generally large enough to hoist a payload and a bit more durable. For the balloon, cable tether, anchor, a supply of helium, solar panels, strobe (for aircraft), battery, etc. was something like $1500 at the time. It was a bit more for the UFO shaped one to fsck with the neighbors.;-)
The part you are forgetting is that once the information is collected you have no way of knowing how long it is kept. Once you become a person of interest (suspect, political target, etc), they will be looking at historical information to see where you have been, tie it to the transaction at the bank, surveillance cams in Walmart and McD's, etc. You don't really need to have someone under full time surveillance - all the pieces are already there recorded and stored.
Exactly! Being forced to be at a specific location for a set period of time has substituted for performance and quality metrics. They can be done, but are very hard to quantify. That and a lot of managers are just as lazy as their reports are.
With the technology we have today, there is zero reason to move your biomass to another place unless you have to actually touch something. The whole concept of "going to work" is silly, and a hold over from a bygone era. People seriously need to get behind teleworking with enthusiasm. Can't get much greener/cheaper than that!
You may think they don't do enough or as much as they used to, but it still exists and is still important.
That is why I said managed, rather than non-existent. Stories have been delayed and modified quite often at the request of government. It's not so much that the information gets out, since it is hard to truly stop disclosure. NSA wiretapping - Delayed at the request of government, Yellowcake/Joseph Wilson incident - war buildup/political revenge, too many examples of news and govt getting into bed to list. The US news is very much a managed resource, since information is power. Heck, it would be completely stupid of them to ignore such a powerful tool.
Then there is the fact that you almost never see anything that would remotely indicate a change from the current Oligarchy. 2004 arrest of two presidential candidates, investigative work by GATA (although that is gaining traction), Ron Paul's approval numbers higher than a lot of "front runner" R candidates but almost zero media coverage, etc.
A lot of it could be explained away as individual incidents, but taken as a whole it points to a troubling reality.
we must continue to have newspapers in our society. Newspapers are the bulk of the 4th branch of government
What we need is accurate and timely information in our society, not newspapers. I will agree that newspapers are the 4th branch off gov.t, seeing as they are mostly owned by a few huge corporations with a political agenda. More than just general bias, since that has been prevalent since newspapers began. Their real purpose nowadays is managing opinions and information so that the status quo is the only option presented, not research. That died in the 70s with Watergate, rather than any monopoly benefits being curtailed.
Let them die - technology has moved on and so should they.
They are manipulating it - there are plenty documents available where they come right out and state it for the public record. Don't take my word though, as these folks have compiled a huge body of evidence:
So instead of paying $90 for cable TV, you apply that $90 to your debt - or you get a $15 cable TV package, and apply the other $75 to the debt.
I see where you are coming from now. I totally agree that is the 100% correct course of action for unproductive debt that isn't self liquidating. However I think you are missing one key facet of the US monetary system that isn't all that obvious just looking at the very micro - money used to pay back debt is destroyed. Once that money goes back to where it came from, all the leverage still in the system based on the $90 in your example above ($810 outstanding at textbook 10% frac reserve plus compounding interest) still exists within the system. The remainder cannot be payed back, or even the interest due serviced, unless additional debt equal to the $90 (plus all interest due for the $900 frac multiplier) is put back into the system. Bottom line - there can never be enough money in the system to pay back all debt in a debt based monetary system, where that debt is incurred with interest due. The only reason your example works is that so very few are doing just that - paying down debt. The corresponding decrease in debt is more than made up for by others increasing the total amount of debt in the system.
We all know that the Fed is the lender of last resort. The less obvious side is that the US Government is the borrower of last resort. This is plainly visible with the current situation. Nobody is borrowing, so the Govt is running massive deficits just to keep the thing from collapsing. Dollar based debt can't ever decrease without a corresponding increase in another sector (personal, municipal, corporate, etc.) taking it's place. I wish the micro applied to the macro, but it doesn't. There is no way back to even.
It only withdraws from other resources if it doesn't or people default. Lack of expansion does not equate to greater defaults.
How do you service debt payments denominated in dollars without dollars? I'm not talking about other assets (gold, military tech, etc.) that are converted into dollars, as those dollars which purchase said assets were themselves borrowed into existence at some point and subject to servicing payments. The only other creation mechanism I'm aware of involves fractional reserve banking, which is different From Fed created dollars to purchased Govt debt because it is debt leveraged to the frac reserve ratio. If there is another method I'm missing in my analysis I'd like tho hear it.
The only stock of money that has no debt associated with it is the stock of money existing at the time gold was confiscated by FDR. In addition to the around 80 million dollars exchanged for the gold turned in.
The best thing the Fed could do is help the gov't pay down it debt instead of creation more.
With what? I seriously would like to know how that could be accomplished. (10 trillion dollar pot metal coin minted by the treasury?) In a debt based monetary system all money is, as you acknowledge yourself, based on debt. (With the minuscule caveat of money stock noted above) Add in Fractional reserve banking and it's now leveraged debt (textbook 10 to 1, but in practice a lot more). The only way for the Fed to help is to directly inject dollars, which is not a power it has (yet). Exchange created dollars for govt debt (and now trash paper) yes. Drop money from helicopters - they might get desperate enough but not yet.
It's only current economic thought that says deflation is bad - and everyone who does is arrogant in saying so.
Deflation has some serious consequences in a debt based monetary system. Each year enough new money MUST be created to pay the servicing cost of the current outstanding debt. If the money supply doesn't expand at at least this rate, people default. This cancels the debt, but also destroys a larger portion of the monetary base due to fractional reserve banking. If enough people default, the system goes into a self-reinforcing contraction until it is ultimately destroyed or arrested by some external force (WWII in the case of the Great Depression).
This is why the Fed is handing out money like candy at the fair in the US. There was a HUGE amount of gambling going on that was based on shaky assets. Sub-prime defaults rising showed the ponzi for what it was. The Fed has to backfill that gaping hole or they will put themselves out of a job. Trouble is that it seems the major players are looting what they can on the way out the door.
I personally prefer not to think of monetary concepts as good or bad. Everything has consequences that reward some behavior (deflation good for savers), and punish others (deflation punishes debtors).
The idea that energy prices should be kept high, through a carbon tax, is intended to harness the market's ability to provide approximations of optimal solutions to resource distribution problems by internalizing the environmental costs of energy use.
Bah, you don't need a tax for that. All that need to happen is to stop subsidizing security in the Middle East.
I don't think latency would be an issue. You don't need to time stamp the signal, just hear it. From the satellite point of view the break in signal would be instantaneous once it lost line of sight, even if that signal spent 2000ms to get there.
Slashdot Mirror
What? Sorry, I was too busy watching Jack Bauer kick the crap out of terrorists on TV.
Ooooh, IDeals. Is Apple going into the coupon business?
I helped one of the Amish pull electronic reports off his laptop. They guy used Quickbooks for all his finances, and would print out invoices from his truck for customers of his building business. Amish != Luddite. It is often quite surprising how much they know about current technology and events. A more accurate description is that they are selective and deliberate about what they adopt into their lifestyle, rather than soak up whatever bits of pop culture are put in front of them.
Woosh!
http://www.youtube.com/watch?v=zIV4poUZAQo
Yeah, but then she'll just demand another one.
In short, don't automatically assume real estate is the safe place to be in an inflationary environment, because it may not be unless one buys in an area with low property taxes and is relatively certain they won't increase much nor get hit with special assessments.
Not to mention you also sacrifice flexibility. If the job market tanks bad in your location it is FAR more difficult to up-root yourself to another area where the suck isn't so bad. If you think it is tough finding a job in a dying community, try selling a house in one! The job market is always asymmetrical in it's ups and downs - some areas will fail first, and others will recover first.
The problem people will be those that feel they have some sort of divine (or otherwise) responsibility to shame and/or punish pedophiles just for being pedophiles, even when no child is or would have been harmed.
I've always thought it is mostly venting frustrations at an unfulfilled desire for the deviant behavior. These repressed wants drive the need to punish any who would actually experience the object or action secretly desired. It's over-compensation and the guilty need to punish themselves by proxy - the more guilt, the more rabid foam.
Since the cellphones all connect to local towers and infrastructure, AT&T should actually see a rolling traffic spike as each tower and (possibly) it's back-haul connections are overwhelmed. I'm no wireless engineer, but I'd suspect the current congestion issues are mostly tower resource related.
And that's where cost taxes come in.
I'd be inclined to agree with you, but unfortunately those taxes very rarely, if ever, go towards covering the costs society bears for that activity. Take smoking taxes. Here in Wisconsin there is a $1 per pack extra tax on the stuff. If your theory held true, that extra money the state collects on behalf of society should go to fund hospitals and prevention programs. Instead it is a bait and switch - tax something unpopular to make an attempt to close a very large budget hole. That is the real reason for all these new exotic taxing schemes, and the politicos know which buttons to hit to bring the useful idiots out in droves to support it.
I live out in the sticks where Internet is either satellite or dial-up, and actually priced out a balloon to get line of site for the local wireless provider since neither choice was appealing. I looked at advertising balloons, as they were generally large enough to hoist a payload and a bit more durable. For the balloon, cable tether, anchor, a supply of helium, solar panels, strobe (for aircraft), battery, etc. was something like $1500 at the time. It was a bit more for the UFO shaped one to fsck with the neighbors. ;-)
The part you are forgetting is that once the information is collected you have no way of knowing how long it is kept. Once you become a person of interest (suspect, political target, etc), they will be looking at historical information to see where you have been, tie it to the transaction at the bank, surveillance cams in Walmart and McD's, etc. You don't really need to have someone under full time surveillance - all the pieces are already there recorded and stored.
http://en.wikipedia.org/wiki/Diatomaceous_earth#Pest_control
That would be the monkeysphere at work. Did they do anything to raise their "value" in the eyes of the decision makers above cardboard cutout?
A job is about more than pure output. There are many ways to have face time, and not all of them require face-to-face time.
Exactly! Being forced to be at a specific location for a set period of time has substituted for performance and quality metrics. They can be done, but are very hard to quantify. That and a lot of managers are just as lazy as their reports are.
With the technology we have today, there is zero reason to move your biomass to another place unless you have to actually touch something. The whole concept of "going to work" is silly, and a hold over from a bygone era. People seriously need to get behind teleworking with enthusiasm. Can't get much greener/cheaper than that!
You may think they don't do enough or as much as they used to, but it still exists and is still important.
That is why I said managed, rather than non-existent. Stories have been delayed and modified quite often at the request of government. It's not so much that the information gets out, since it is hard to truly stop disclosure. NSA wiretapping - Delayed at the request of government, Yellowcake/Joseph Wilson incident - war buildup/political revenge, too many examples of news and govt getting into bed to list. The US news is very much a managed resource, since information is power. Heck, it would be completely stupid of them to ignore such a powerful tool.
Then there is the fact that you almost never see anything that would remotely indicate a change from the current Oligarchy. 2004 arrest of two presidential candidates, investigative work by GATA (although that is gaining traction), Ron Paul's approval numbers higher than a lot of "front runner" R candidates but almost zero media coverage, etc.
A lot of it could be explained away as individual incidents, but taken as a whole it points to a troubling reality.
What we need is accurate and timely information in our society, not newspapers. I will agree that newspapers are the 4th branch off gov.t, seeing as they are mostly owned by a few huge corporations with a political agenda. More than just general bias, since that has been prevalent since newspapers began. Their real purpose nowadays is managing opinions and information so that the status quo is the only option presented, not research. That died in the 70s with Watergate, rather than any monopoly benefits being curtailed.
Let them die - technology has moved on and so should they.
>
Excellent! The top speed of Windows 7 is 7.9 rather than 5.9. That a 34% increase.
Call me when it can go to 11.
They are manipulating it - there are plenty documents available where they come right out and state it for the public record. Don't take my word though, as these folks have compiled a huge body of evidence:
http://www.gata.org/
I see where you are coming from now. I totally agree that is the 100% correct course of action for unproductive debt that isn't self liquidating. However I think you are missing one key facet of the US monetary system that isn't all that obvious just looking at the very micro - money used to pay back debt is destroyed. Once that money goes back to where it came from, all the leverage still in the system based on the $90 in your example above ($810 outstanding at textbook 10% frac reserve plus compounding interest) still exists within the system. The remainder cannot be payed back, or even the interest due serviced, unless additional debt equal to the $90 (plus all interest due for the $900 frac multiplier) is put back into the system. Bottom line - there can never be enough money in the system to pay back all debt in a debt based monetary system, where that debt is incurred with interest due. The only reason your example works is that so very few are doing just that - paying down debt. The corresponding decrease in debt is more than made up for by others increasing the total amount of debt in the system.
We all know that the Fed is the lender of last resort. The less obvious side is that the US Government is the borrower of last resort. This is plainly visible with the current situation. Nobody is borrowing, so the Govt is running massive deficits just to keep the thing from collapsing. Dollar based debt can't ever decrease without a corresponding increase in another sector (personal, municipal, corporate, etc.) taking it's place. I wish the micro applied to the macro, but it doesn't. There is no way back to even.
It only withdraws from other resources if it doesn't or people default. Lack of expansion does not equate to greater defaults.
How do you service debt payments denominated in dollars without dollars? I'm not talking about other assets (gold, military tech, etc.) that are converted into dollars, as those dollars which purchase said assets were themselves borrowed into existence at some point and subject to servicing payments. The only other creation mechanism I'm aware of involves fractional reserve banking, which is different From Fed created dollars to purchased Govt debt because it is debt leveraged to the frac reserve ratio. If there is another method I'm missing in my analysis I'd like tho hear it.
The only stock of money that has no debt associated with it is the stock of money existing at the time gold was confiscated by FDR. In addition to the around 80 million dollars exchanged for the gold turned in.
The best thing the Fed could do is help the gov't pay down it debt instead of creation more.
With what? I seriously would like to know how that could be accomplished. (10 trillion dollar pot metal coin minted by the treasury?) In a debt based monetary system all money is, as you acknowledge yourself, based on debt. (With the minuscule caveat of money stock noted above) Add in Fractional reserve banking and it's now leveraged debt (textbook 10 to 1, but in practice a lot more). The only way for the Fed to help is to directly inject dollars, which is not a power it has (yet). Exchange created dollars for govt debt (and now trash paper) yes. Drop money from helicopters - they might get desperate enough but not yet.
Deflation has some serious consequences in a debt based monetary system. Each year enough new money MUST be created to pay the servicing cost of the current outstanding debt. If the money supply doesn't expand at at least this rate, people default. This cancels the debt, but also destroys a larger portion of the monetary base due to fractional reserve banking. If enough people default, the system goes into a self-reinforcing contraction until it is ultimately destroyed or arrested by some external force (WWII in the case of the Great Depression).
This is why the Fed is handing out money like candy at the fair in the US. There was a HUGE amount of gambling going on that was based on shaky assets. Sub-prime defaults rising showed the ponzi for what it was. The Fed has to backfill that gaping hole or they will put themselves out of a job. Trouble is that it seems the major players are looting what they can on the way out the door.
I personally prefer not to think of monetary concepts as good or bad. Everything has consequences that reward some behavior (deflation good for savers), and punish others (deflation punishes debtors).
The idea that energy prices should be kept high, through a carbon tax, is intended to harness the market's ability to provide approximations of optimal solutions to resource distribution problems by internalizing the environmental costs of energy use.
Bah, you don't need a tax for that. All that need to happen is to stop subsidizing security in the Middle East.
I don't think latency would be an issue. You don't need to time stamp the signal, just hear it. From the satellite point of view the break in signal would be instantaneous once it lost line of sight, even if that signal spent 2000ms to get there.
Real programmers don't make backups. They post their code on the Net and let the world mirror it. -- Linus Torvalds (paraphrased)
What does he recommend for checking account data and password backups? Twitter?
While that may be true, my time isn't. Getting the lappy set up and restored from backup > 0.