Now, we are back where we began. I am Belgian and I loaned you money out of solidarity. You are not going to pay it back even though you could if you chose to. That is disgusting and I hope my government does everything it can to make a pariah out of you.
This is probably the stupidest thing I read on slashdot in the 12 years i've been in this site.
A random citizen believing he is the lender, and that he has a saying in monetary policy, and to make it worse: psychopatically asking Daddy Government to beat the guy he doesn't like.
Also, a Belgian believes he is a First-Class EU Citizen (you know who is? Germany. Not you.)
Back in 2001 here in Argentina the government couldn't print more pesos than what was in the central bank reserves as US dollars. Provinces needed money (because some provinces subsidize others through federal taxes). So what did most provinces do? Print their own "money": bill-sized bonds with face values of 2, 5, 10, 20, 50 and 100 pesos. The federal government responded by printing their own bonds. So basically every province had their own "quasi-currencies" that were valid only within their boundaries, and they were accepted at a value of 80-90% face value, and only up to a certain amount for your shop (usually up to 50% in bonds). (Except LECOP, the federal bond, which was accepted at full face value up to 100%). These bonds had (I think) a 10-year payout at 3% yearly. They were largely forgotten when Argentina exited the "convertibility" system that tied the Peso to the USD, and the bonds were "recalled". People quickly traded their bonds for true Pesos at the bank. But of course, the banks kept these bonds and cashed them 10 years later. This is one of the possibilities for Greece, assuming Greece has any sort of local production to feed their people (Argentina does. We don't need to import food, but we do import most other things)
That's the thing I LOVE about america: communism/socialism is EVIL, but their public school system is great (yeah I don't care for anecdotical stories of how bad a particular school is. Overall, it's great). But they can't really use government money to build things, or to pay for R&D like most other countries do. So, they use loopholes: their military, for direct government-funded R government aid for companies that build "privatized" infrastructure, like roads (after all: the government isn't building a communist road, it's just "lending" money to a private company -- through a private bank, hopefully. Ah, the american dream). They're also super protectionist through loopholes (price dumping via agricultural subsidies, "diseases" that don't allow for certain produce to enter their country, etc). But they're the first ones to shove free trade agreements down third world countries throats. Geniuses, i'd say
You can default the external debt. Really, it isn't that bad. Creditors will of course try to scare everyone away, but the truth is, it's just the investors trying to get their money back ASAP.
A default is just "i can't pay now, i'm working things out". Creditors, sooner or later, get paid. The problem is that this credit is usually "big league" 10, 20, 30 or 50 years. Which is typical for a large international bank, or credit organization (IMF, World Bank, etc).
So when you're a small guy who saw a 300% return rate in a small period, of course you will get mad. But it's YOUR fault: if the country is paying out such high interest, there is something very wrong and you should walk away. At that point, it's gambling, not investment.
None of the 3 you described. Only a Sith deals in absolutes. Normal people reach a middle ground. See Argentina's economic crisis of 2001-2002 to see what hapens with Greece: a combination of Default (without civil war), debt restructuring (or writeoff as you called it), and lots of inflation to cover salaries. And just like in Argentina: it ends up bad 10 years later with "free money" for government.
It would allow Greece to freely print money as it needs. Thus, trading "debt" for "inflation".
This is what Argentina did back in 2001. We had our money at a fixed rate of 1 USD = 1 Peso. The country could only have as many pesos as we had dollars in the central bank.
In 2002 we exited this scheme and made the Peso a floating currency. This allows the government to print as much money as they need to pay public employees and local suppliers.
Is it a good solution? Yes BUT temporarily. You can live with inflation for a few years if you do things right, and use that opportunity wisely. Create industry, lay off government workers, and basically allow things to take their course.
The problem is that Argentina has been abusing this for 12 years now. Instead of getting rid of government workers, they're taking more. They're also nationalizing railways and airlines (Aerolineas Argentinas operates at a loss of $1M a day). Instead of incentives for new jobs, they're giving away money to unemployed in "social plans".
Reading the comments about Greeks I'm guessing they will do exactly what we did: Exit the euro, devaluate, cover salaries by printing more money. Take the unemployed into government jobs. Forbid utilities from increasing their price (but giving them "subsidies"). In 3 or 4 years Greece will be a FINE place to live. You'll see a lot of expensive cars in the streets, lots of new buildings, overall support for the government. The president will be re-elected with an overwhelming majority. And in 10 to 15 years Greece will be struggling again. How do I know? Because as an Argentinian, this is what i live with every day.
What the hell are you talking about? Argentina was in much worse shape than Greece in 2001. We restructured our debt (basically: screw you i ain't payin that). And guess what? We can get loans.
At a ridiculous >10% annual rate, while our neighbors get it for less than 3%.
But we can get loans. Never underestimate the greed of capitalists.
libertarian OP only sees only "it's cheaper for me" and not the big picture.
they will also gladly avoid paying taxes by using an illegal service or by buying a black-market product, simply because they don't believe taxes are moral - so they don't consider it illegal or immoral to avoid taxes. I imagine this kind of people representing themselves in front of a judge (to cut on the "middleman" lawyer) telling the judge that, and expecting a ruling such as "you know what? you're right. good job OP".
libertarian OP will cry rivers and demand regulation the day H1B workers replace his programming job by an indian that will work for 1/10th his salary.
The phony that hugged "Madres de Plaza De Mayo" leader in U2. Mothers of Argentinian terrorists "disappeared" in Argentina in the 70s after bombings, killings and even trying to set up an independent republic inside the country. The same Madre that's under investigation for corruption and who founded a private university, now in debt, that she wants the state to take care of.
I own a store. If I want to make a promotional campaign or whatever, it goes out of MY POCKET. You know what will happen if I tell my suppliers "I gave this away because it was a promo, so I won't pay you for it?"
Dear Fucking Idiot: 1. the "address space" cannot be "EXPANDED" as the size of the address is A FIXED LENGTH RECORD IN AN IP PACKET.
But... ALAS! An IPv6 packet is -- GUESS WHAT: AN IP packet with MORE ADDRESS BITS. The rest is the same, like you're still a fuckin idiot.
2. Yes, if you're a network admin THAT'S YOUR FUCKING JOB and if you're a home user WHAT'S THE FUCKING PROBLEM? If you're using static addressing i feel bad for you son. Learn DHCP, DHCPv6 and SLAAC properly.
You're so fucking dense and incredibly close minded, and by all means, a complete idiot.
A stateful firewall is a RULE. A fucking CONFIGURATION LINE in a text file. The syntax for IPv6 stateful firewall IS EXACTLY THE SAME in Linux for IPv4 and IPv6.
This is the IPv4 configuration for NAT: iptables -t nat -A PREROUTING -o interfaceN -j MASQUERADE iptables -A FORWARD -i interfaceN -m state --state established -j ACCEPT iptables -P FORWARD DROP
This is what you do for similar effect in IPv6:
ip6tables -A FORWARD -o interfaceN -j ACCEPT ------ NO NAT, JUST LET EVERYTHING OUT! ip6tables -A FORWARD -i interfaceN -m state --state established -j ACCEPT ip5tables -P FORWARD DROP
Slashdot Mirror
This is probably the stupidest thing I read on slashdot in the 12 years i've been in this site.
A random citizen believing he is the lender, and that he has a saying in monetary policy, and to make it worse: psychopatically asking Daddy Government to beat the guy he doesn't like.
Also, a Belgian believes he is a First-Class EU Citizen (you know who is? Germany. Not you.)
Back in 2001 here in Argentina the government couldn't print more pesos than what was in the central bank reserves as US dollars. Provinces needed money (because some provinces subsidize others through federal taxes). So what did most provinces do? Print their own "money": bill-sized bonds with face values of 2, 5, 10, 20, 50 and 100 pesos. The federal government responded by printing their own bonds. So basically every province had their own "quasi-currencies" that were valid only within their boundaries, and they were accepted at a value of 80-90% face value, and only up to a certain amount for your shop (usually up to 50% in bonds). (Except LECOP, the federal bond, which was accepted at full face value up to 100%).
These bonds had (I think) a 10-year payout at 3% yearly. They were largely forgotten when Argentina exited the "convertibility" system that tied the Peso to the USD, and the bonds were "recalled". People quickly traded their bonds for true Pesos at the bank. But of course, the banks kept these bonds and cashed them 10 years later.
This is one of the possibilities for Greece, assuming Greece has any sort of local production to feed their people (Argentina does. We don't need to import food, but we do import most other things)
Well, not literally, physically: there is no unlimited supply of paper, ink and time in the universe. But the Fed can (and does) print a LOT of money.
That's borderline communist...
Wait, no. That's outright communist!
That's the thing I LOVE about america: communism/socialism is EVIL, but their public school system is great (yeah I don't care for anecdotical stories of how bad a particular school is. Overall, it's great). But they can't really use government money to build things, or to pay for R&D like most other countries do. So, they use loopholes: their military, for direct government-funded R government aid for companies that build "privatized" infrastructure, like roads (after all: the government isn't building a communist road, it's just "lending" money to a private company -- through a private bank, hopefully. Ah, the american dream). They're also super protectionist through loopholes (price dumping via agricultural subsidies, "diseases" that don't allow for certain produce to enter their country, etc). But they're the first ones to shove free trade agreements down third world countries throats.
Geniuses, i'd say
Yes, we know. Western powers help only western powers. That's the whole point of this argument. It's not about money, it's about power.
You can default the external debt. Really, it isn't that bad. Creditors will of course try to scare everyone away, but the truth is, it's just the investors trying to get their money back ASAP.
A default is just "i can't pay now, i'm working things out". Creditors, sooner or later, get paid. The problem is that this credit is usually "big league" 10, 20, 30 or 50 years. Which is typical for a large international bank, or credit organization (IMF, World Bank, etc).
So when you're a small guy who saw a 300% return rate in a small period, of course you will get mad. But it's YOUR fault: if the country is paying out such high interest, there is something very wrong and you should walk away. At that point, it's gambling, not investment.
Kirchner is crazy.
Political behavior: government solves problems for me and gives me free money.
Bitcoin: cold, hard math.
GUESS.
Suits you for trying to make an economic agreement with people you KNOW are scum.
None of the 3 you described. Only a Sith deals in absolutes. Normal people reach a middle ground.
See Argentina's economic crisis of 2001-2002 to see what hapens with Greece: a combination of Default (without civil war), debt restructuring (or writeoff as you called it), and lots of inflation to cover salaries.
And just like in Argentina: it ends up bad 10 years later with "free money" for government.
It would allow Greece to freely print money as it needs. Thus, trading "debt" for "inflation".
This is what Argentina did back in 2001. We had our money at a fixed rate of 1 USD = 1 Peso. The country could only have as many pesos as we had dollars in the central bank.
In 2002 we exited this scheme and made the Peso a floating currency. This allows the government to print as much money as they need to pay public employees and local suppliers.
Is it a good solution? Yes BUT temporarily. You can live with inflation for a few years if you do things right, and use that opportunity wisely. Create industry, lay off government workers, and basically allow things to take their course.
The problem is that Argentina has been abusing this for 12 years now. Instead of getting rid of government workers, they're taking more. They're also nationalizing railways and airlines (Aerolineas Argentinas operates at a loss of $1M a day). Instead of incentives for new jobs, they're giving away money to unemployed in "social plans".
Reading the comments about Greeks I'm guessing they will do exactly what we did: Exit the euro, devaluate, cover salaries by printing more money. Take the unemployed into government jobs. Forbid utilities from increasing their price (but giving them "subsidies"). In 3 or 4 years Greece will be a FINE place to live. You'll see a lot of expensive cars in the streets, lots of new buildings, overall support for the government. The president will be re-elected with an overwhelming majority. And in 10 to 15 years Greece will be struggling again. How do I know? Because as an Argentinian, this is what i live with every day.
What the hell are you talking about?
Argentina was in much worse shape than Greece in 2001. We restructured our debt (basically: screw you i ain't payin that). And guess what? We can get loans.
At a ridiculous >10% annual rate, while our neighbors get it for less than 3%.
But we can get loans. Never underestimate the greed of capitalists.
No. I'm talking about illegally avoiding taxes. What you talk about is IMMORALY avoiding taxes.
libertarian OP only sees only "it's cheaper for me" and not the big picture.
they will also gladly avoid paying taxes by using an illegal service or by buying a black-market product, simply because they don't believe taxes are moral - so they don't consider it illegal or immoral to avoid taxes. I imagine this kind of people representing themselves in front of a judge (to cut on the "middleman" lawyer) telling the judge that, and expecting a ruling such as "you know what? you're right. good job OP".
libertarian OP will cry rivers and demand regulation the day H1B workers replace his programming job by an indian that will work for 1/10th his salary.
The phony that hugged "Madres de Plaza De Mayo" leader in U2. Mothers of Argentinian terrorists "disappeared" in Argentina in the 70s after bombings, killings and even trying to set up an independent republic inside the country. The same Madre that's under investigation for corruption and who founded a private university, now in debt, that she wants the state to take care of.
That phony.
I own a store. If I want to make a promotional campaign or whatever, it goes out of MY POCKET. You know what will happen if I tell my suppliers "I gave this away because it was a promo, so I won't pay you for it?"
HAH. Your router likely runs linux. If you use an android phone, you're using linux.
You're an idiot.
Dear Fucking Idiot:
1. the "address space" cannot be "EXPANDED" as the size of the address is A FIXED LENGTH RECORD IN AN IP PACKET.
But... ALAS! An IPv6 packet is -- GUESS WHAT: AN IP packet with MORE ADDRESS BITS. The rest is the same, like you're still a fuckin idiot.
2. Yes, if you're a network admin THAT'S YOUR FUCKING JOB and if you're a home user WHAT'S THE FUCKING PROBLEM? If you're using static addressing i feel bad for you son. Learn DHCP, DHCPv6 and SLAAC properly.
3. OH BOO HOOOOO SO MUCH WORK TO DOOOO
WHAT. SO ONE NEEDS AN IPV4 BACKGROUND TO USE THE INTERNET?
Oh my god, you're getting stupider every day, slashdot.
"Home users" already use preconfigured devices with proper firewalls. You're just ignorant. Shut up, you have no argument.
You're so fucking dense and incredibly close minded, and by all means, a complete idiot.
A stateful firewall is a RULE. A fucking CONFIGURATION LINE in a text file. The syntax for IPv6 stateful firewall IS EXACTLY THE SAME in Linux for IPv4 and IPv6.
This is the IPv4 configuration for NAT:
iptables -t nat -A PREROUTING -o interfaceN -j MASQUERADE
iptables -A FORWARD -i interfaceN -m state --state established -j ACCEPT
iptables -P FORWARD DROP
This is what you do for similar effect in IPv6:
ip6tables -A FORWARD -o interfaceN -j ACCEPT ------ NO NAT, JUST LET EVERYTHING OUT!
ip6tables -A FORWARD -i interfaceN -m state --state established -j ACCEPT
ip5tables -P FORWARD DROP
See the difference?
Again, why do you need to feel superior? Seriously. OP is discussing SURVEILLANCE and you talk about healthcare?
OH SHUT UP, YOU FUCKING IDIOT.
The UK is part of Europe and internet is CENSORED over there. Everything you do online is logged.
In France ENCRYPTION IS ILLEGAL, to the point that there is a special version of Windows there that disables encryption.
Why do Europeans have a tendency of making fools of themselves trying to look superior to the USA? (And no, i'm neither north american nor european)
Faggot. Fuck you fucking faggot.
There's an ad hominem for you. Fag.
You are so sweet and adorable. It's so obvious you're not into foreign politics or import/export.
Keep at your keyboard programming, honey.