There are definitely arguments to be made that the reserve levels should be higher or that loans should only be made to better customers, etc. I'm just saying that Griffin probably isn't the guy you should be deferring to.
While that is a risk, it is a calculated one, much like how your health insurance company only extracts a fraction of what you would pay if you had to pay for health care if you had a catastrophe. In the case that the bank does get overdrawn, the bank still has the option of turning to a lender for those funds.
That $250 isn't "from nothing". The bank doesn't magically have $1,250 upon loaning that money out.
In the most simplistic case, a bank holds money for depositors. It uses part of that to provide loans to people who will use that money to invest in their business (say a farmer buying a tractor). The bank charges interest on that money, and the borrower pays back the loan plus interest from the profit he made from the investment (the farmer can farm more land and make more money). The bank turns around and pays some of that profit back to the depositors as interest on the deposit accounts.
That isn't creating something from thin air. That is the purest example of providing a service that benefits both the provider and the customer.
Here at home we've got our own little "corporate Ireland" in the pissant state of Delaware.
Given that so many voters there just sent a Democrat into the Senate and also picked a right wing moron over a centrist statesman to run against that Democrat, it seems there is a huge political battle brewing in that tiny little state. If they ever do decide to renovate their business laws, we may see a large number of companies incorporate outside the U.S. and we will be much poorer as a nation for it.
Acrobat Reader does this stupid thing where it opens the Reader application to show me an error message then shuts that down and opens the document in the browser. During this, any other Acrobat Reader instances opened will be automatically closed and it's a 50/50 shot whether the current document actually shows up properly in the browser.
The singlemost influential album and artist of the past 50 years? The one that not only changed the direction of music for decades but changed the culture of much of America and many other countries around the world?
In a way, Apple and The Beatles are very similar. Both were pioneers in their industries. Both had throngs of loyal fans willing to do anything for them. Both are scarcely more than a thin veneer over the status quo.
It's a bit poetic that these two entities which have been at each other's throats over who has the right to call themselves a fruit now are hand in hand making money off the panting masses.
Deny deny deny. Obfuscate and confuse the issue. Introduce an alternative theory. Have "independent" expert validate alternative theory. Never admit truth. Wait for public to forget incident.
How far do the Air Force guys get from airplanes and hangars and runways? It seems like they don't really have the same type of "field" that the land based grunts do.
Just as designs are copyrighted now, the designs to create product knock offs with your replicator will also be subject to those same rules. Owning a replicator and building stuff for yourself won't be a problem, but if you upload a design that is essentially a copy of a product, you will get in trouble. Likewise, if you start replicating such goods and distributing them, you will be in trouble.
There really isn't anything new here. The best analogy isn't books or music, but rather stained glass lamps. Artists who design such lampshades guard the IP very aggressively. They prosecute frequently when someone is creating knockoffs. They hand number each sold design to reduce copying. And they add customer-specific details that make it easy to track down leaked designs.
Same thing can be expected with these replicators.
Slashdot Mirror
If something is on the internet, then doesn't that implicitly authorize access?
There are definitely arguments to be made that the reserve levels should be higher or that loans should only be made to better customers, etc. I'm just saying that Griffin probably isn't the guy you should be deferring to.
He's a John Birch conspiracy nut.
Not to pooh pooh your fears, but linking to Edward Griffin isn't going to provide any gravitas to your argument.
While that is a risk, it is a calculated one, much like how your health insurance company only extracts a fraction of what you would pay if you had to pay for health care if you had a catastrophe. In the case that the bank does get overdrawn, the bank still has the option of turning to a lender for those funds.
That $250 isn't "from nothing". The bank doesn't magically have $1,250 upon loaning that money out.
How do you figure?
In the most simplistic case, a bank holds money for depositors. It uses part of that to provide loans to people who will use that money to invest in their business (say a farmer buying a tractor). The bank charges interest on that money, and the borrower pays back the loan plus interest from the profit he made from the investment (the farmer can farm more land and make more money). The bank turns around and pays some of that profit back to the depositors as interest on the deposit accounts.
That isn't creating something from thin air. That is the purest example of providing a service that benefits both the provider and the customer.
Here at home we've got our own little "corporate Ireland" in the pissant state of Delaware.
Given that so many voters there just sent a Democrat into the Senate and also picked a right wing moron over a centrist statesman to run against that Democrat, it seems there is a huge political battle brewing in that tiny little state. If they ever do decide to renovate their business laws, we may see a large number of companies incorporate outside the U.S. and we will be much poorer as a nation for it.
Acrobat Reader does this stupid thing where it opens the Reader application to show me an error message then shuts that down and opens the document in the browser. During this, any other Acrobat Reader instances opened will be automatically closed and it's a 50/50 shot whether the current document actually shows up properly in the browser.
Welcome to the party, round-eyes.
Edy prepaid or iD credit, the Japanese have had this for years.
OMFG!!! This is fucking amazing!!
Nanotubes from grass? Who is going to tell my fucking dealer????
Graphene made with just normal fucking sugar? NO FUCKING WAY, MAN!!!
If you had watched the slideshow, you would have noticed that people were getting scanned long before they were within the scanner walls.
The more these assholes abuse their power, the less willing the public will be to entrust power to them.
Oh god, who am I kidding?..
The singlemost influential album and artist of the past 50 years? The one that not only changed the direction of music for decades but changed the culture of much of America and many other countries around the world?
1992: Dr. Dre's The Chronic.
End of story.
More long lasting influence than the Rolling Stones? I don't think so.
That's not really true, though. Every generation has its superstars.
The Beatles are just your grandpa's Justin Bieber.
In a way, Apple and The Beatles are very similar. Both were pioneers in their industries. Both had throngs of loyal fans willing to do anything for them. Both are scarcely more than a thin veneer over the status quo.
It's a bit poetic that these two entities which have been at each other's throats over who has the right to call themselves a fruit now are hand in hand making money off the panting masses.
Apple's done it again.
There are only two nations with the resources, will, and motive to attack Iran's nuclear ambitions in this way: America and Israel.
It figures that hegemony would lead either state to such an antagonistic stance.
Not!
Apple's website says there's going to be a big announcement tomorrow.
I wonder what it could be.
Karma goes up, karma goes down. Looks like this will be my last post before I get ban hammered for a while.
Deny deny deny. Obfuscate and confuse the issue. Introduce an alternative theory. Have "independent" expert validate alternative theory. Never admit truth. Wait for public to forget incident.
It works all the time.
Army? Yes.
Marines? Sure.
The Air Force? I wasn't expecting that!
How far do the Air Force guys get from airplanes and hangars and runways? It seems like they don't really have the same type of "field" that the land based grunts do.
Just as designs are copyrighted now, the designs to create product knock offs with your replicator will also be subject to those same rules. Owning a replicator and building stuff for yourself won't be a problem, but if you upload a design that is essentially a copy of a product, you will get in trouble. Likewise, if you start replicating such goods and distributing them, you will be in trouble.
There really isn't anything new here. The best analogy isn't books or music, but rather stained glass lamps. Artists who design such lampshades guard the IP very aggressively. They prosecute frequently when someone is creating knockoffs. They hand number each sold design to reduce copying. And they add customer-specific details that make it easy to track down leaked designs.
Same thing can be expected with these replicators.
Do you ever eat at nice restaurants?