http://m.theaustralian.com.au/news/growing-fears-that-north-korea-actually-has-the-technology-to-launch-nuclear-missiles/story-e6frg6n6-1226614149427
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Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
Saturday, April 6, 2013
October 15, 2008: “Will 401(k)’s Disappear in the Interest of Fairness?”
October 15, 2008: “Will 401(k)’s Disappear in the Interest of Fairness?”
As I was saying, "fairness" means higher taxes.
As I was saying, "fairness" means higher taxes.
Capital controls having been gaining steam since 2007
That's when I closed the Goldmoney account. What the US government did back then was akin to capital controls.
Capital controls will equal less trade. The "Great Recession" started in 2007. See a connection? Trade has decreased since 2007, has it not?
The Great Depression got worse when the governments of that time began to restrict trade. Capital controls are just history repeating itself.
When politicians and central bankers get into trouble, capital controls will find its way onto the docket. It's that way in Cyprus now, it was that way in America in 2007 onward. It's going to get worse because they aren't solving any problems. They're just making the existing ones harder to see.
Capital controls will equal less trade. The "Great Recession" started in 2007. See a connection? Trade has decreased since 2007, has it not?
The Great Depression got worse when the governments of that time began to restrict trade. Capital controls are just history repeating itself.
When politicians and central bankers get into trouble, capital controls will find its way onto the docket. It's that way in Cyprus now, it was that way in America in 2007 onward. It's going to get worse because they aren't solving any problems. They're just making the existing ones harder to see.
Two Americas, was John Edwards right?
The question isn't asked in the sense that Edwards meant it. It is asked in the sense that some of us are not talking to each other, but at each other. One America is using different type of language to talk at the other America about the same subject.
If the word meanings get changed, how can you have a meaningful discussion? The words have to mean the same, and the language has to be stable. Therefore, you don't change the meaning of a word to hide its true meaning. If you do so, you are not communicating, you are deceiving. Deceiving isn't communication. Enemies don't talk, they fight. It can begin with thoughts, then proceed to words, and finally end in violence.
Language are the tools of thought. There has to be a gold standard of language. "Gay" doesn't mean homosexual. It means what it meant before it was redefined into what it didn't mean before. It means carefree. It means happy. It didn't mean homosexual 40 years ago. Homosexual is homosexual and should always remain so, as any other word.
I know Rush has talked about this, but I never really noticed how much of this goes on in politics. Besides the issue of homosexuality, there is abortion. In that case, the issue is about abortion, not choice. It gets redefined into something that it is not. It's an abortion of a developing infant, or to put it more directly, infanticide. Even abortion can be thought of as a redefinition of infanticide. People are not comfortable with killing babies. At least not yet. Abortion is used in place of infanticide. Choice is used instead of abortion.
Another example is climate change. The premise is that humans can change the climate at will. Climate was previously thought to be an act of God. Not anymore, thanks to the new wordsmiths of political speak. What "climate change" really means, if the words were honest, is an increase in regulations and taxes.
Gun-control is allegedly meant to increase public safety, but it doesn't do that. What it really means, if results are any indication, is less public-safety. It should be called "criminal enablement". You aren't going to stop criminals with new laws, especially more that didn't work in the first place. If a criminal uses a gun in the commission of a crime, the only way to stop him is to bring greater force than what he is able to bring. Gun-control doesn't control what needs to be controlled, which is the criminal behavior at the time it is instigated. You do that by bringing more guns to the scene than the criminal can.
To develop this further, "investments" are taxes. "Fairness" likewise. It leads back to taxes, it must mean taxes. A thing is what it is. A tax is a tax is a tax. A rose by any other name would smell just as sweet, but a tax is always a tax.
In summary, "if it walks like a duck, quacks like a duck, and looks like a duck, it must be a duck". If you can redefine the language according to your convenience, the duck can be an elephant. But the elephant in the room isn't convenient, so a duck has be substituted instead. That's because the politicians know that their ideas aren't popular, so the right words can't escape their lips, they need deceptive new words to express unpopular ideas.
Update:
Yes, I forgot this one. Illegal aliens used to mean what they are: illegal aliens. But not according to Geraldo.
If the word meanings get changed, how can you have a meaningful discussion? The words have to mean the same, and the language has to be stable. Therefore, you don't change the meaning of a word to hide its true meaning. If you do so, you are not communicating, you are deceiving. Deceiving isn't communication. Enemies don't talk, they fight. It can begin with thoughts, then proceed to words, and finally end in violence.
Language are the tools of thought. There has to be a gold standard of language. "Gay" doesn't mean homosexual. It means what it meant before it was redefined into what it didn't mean before. It means carefree. It means happy. It didn't mean homosexual 40 years ago. Homosexual is homosexual and should always remain so, as any other word.
I know Rush has talked about this, but I never really noticed how much of this goes on in politics. Besides the issue of homosexuality, there is abortion. In that case, the issue is about abortion, not choice. It gets redefined into something that it is not. It's an abortion of a developing infant, or to put it more directly, infanticide. Even abortion can be thought of as a redefinition of infanticide. People are not comfortable with killing babies. At least not yet. Abortion is used in place of infanticide. Choice is used instead of abortion.
Another example is climate change. The premise is that humans can change the climate at will. Climate was previously thought to be an act of God. Not anymore, thanks to the new wordsmiths of political speak. What "climate change" really means, if the words were honest, is an increase in regulations and taxes.
Gun-control is allegedly meant to increase public safety, but it doesn't do that. What it really means, if results are any indication, is less public-safety. It should be called "criminal enablement". You aren't going to stop criminals with new laws, especially more that didn't work in the first place. If a criminal uses a gun in the commission of a crime, the only way to stop him is to bring greater force than what he is able to bring. Gun-control doesn't control what needs to be controlled, which is the criminal behavior at the time it is instigated. You do that by bringing more guns to the scene than the criminal can.
To develop this further, "investments" are taxes. "Fairness" likewise. It leads back to taxes, it must mean taxes. A thing is what it is. A tax is a tax is a tax. A rose by any other name would smell just as sweet, but a tax is always a tax.
In summary, "if it walks like a duck, quacks like a duck, and looks like a duck, it must be a duck". If you can redefine the language according to your convenience, the duck can be an elephant. But the elephant in the room isn't convenient, so a duck has be substituted instead. That's because the politicians know that their ideas aren't popular, so the right words can't escape their lips, they need deceptive new words to express unpopular ideas.
Update:
Yes, I forgot this one. Illegal aliens used to mean what they are: illegal aliens. But not according to Geraldo.
Toomey could be key to a deal on guns
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12 GOP senators back Rand Paul on gun-control filibuster - Jonathan Allen - POLITICO.com
12 GOP senators back Rand Paul on gun-control filibuster - Jonathan Allen - POLITICO.com
Hairy Reid can bring it up for a vote as early as next week, it says.
Hairy Reid can bring it up for a vote as early as next week, it says.
Employment situation, March 2013
The most recent numbers:
v.
The last one attributable to the Bush Administration
Fewer people are working now than the last month of the Bush Administration. Now that's what the "progressives" call progress. More people on foodstamps and disability. That's a feature, not a bug for the Dems.
 |
| 143.2 million working in Mar. 2013 |
v.
The last one attributable to the Bush Administration
 |
| 143.3 million working in Dec. 2008 |
Fewer people are working now than the last month of the Bush Administration. Now that's what the "progressives" call progress. More people on foodstamps and disability. That's a feature, not a bug for the Dems.
Almonds and bananas as health food?
-- Comment --
According a commenter on free republic---"almonds and bananas, and you've got it made"
************************************************************
Low Magnesium Linked To Heart Disease
Low magnesium levels have been found to be the best predictor of heart disease, contrary to the traditional belief that cholesterol or saturated fat play the biggest roles...
To read the full article, please go to:
http://www.medicalnewstoday.com/articles/255783.php
************************************************************
-- Disclaimer --
Medical News Today is not responsible for the content of this e-mail. Anything written in this e-mail does not necessarily reflect the views or opinions of Medical News Today. Please note that this e-mail is an automated notification e-mail, sent by "me", via a form on the Medical News Today website. For that reason, neither the e-mail address nor name of the sender have been verified.
Senate votes highlight Dem divisions over Keystone pipeline, carbon taxes
The Hill's E2-Wire
Quote:
Climate change is a code word for increased regulation and taxation. It is packaged as a benefit---improved environment---but it doesn't deliver that. Instead, it delivers a weaker economy and no change in performance on improvement in climate. That's because climate is beyond our control. Taxation and regulation is within our power to change, which can start if the language and the premises are properly defined.
Quote:
“Congress has entered a period of legislative limbo on climate, in part because a partisan divide on climate science that exists nowhere else in the world,” said Paul Bledsoe, a senior fellow at the German Marshall Fund.The only "sneaking sense" that I get from this is the idea that the left is trying to fuzz up an issue on which they are losing support.
“There’s also a sneaking sense that many members of Congress on both sides prefer to let the President do the heavy lifting through regulation, rather than undertake more effective but politically complicated action themselves,” added Bledsoe, who worked on climate as an aide in the Clinton White House.[ emphasis added]
Climate change is a code word for increased regulation and taxation. It is packaged as a benefit---improved environment---but it doesn't deliver that. Instead, it delivers a weaker economy and no change in performance on improvement in climate. That's because climate is beyond our control. Taxation and regulation is within our power to change, which can start if the language and the premises are properly defined.
Free Bitcoins?
Looks like a bunch of garbage to me. I went there after setting up my wallet. Forget about it. Too much junk and a waste of time.
I'm not going to buy bitcoins, can't earn them by mining because it is too hard, and now that leaves donations.
Running out of options fast on that experiment.
I'm not going to buy bitcoins, can't earn them by mining because it is too hard, and now that leaves donations.
Running out of options fast on that experiment.
3-D printer builds synthetic tissues
http://m.phys.org/news/2013-04-d-printer-synthetic-tissues.html
What kind of tissues isn't specified in the article.
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What kind of tissues isn't specified in the article.
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Washington Post: campaign finance complaint
http://m.washingtonpost.com/politics/despite-complaints-outside-spending-to-influence-elections-grows-in-new-political-ecosystem/2013/04/06/430b662a-9ec6-11e2-9219-51eb8387e8f1_story.html
update:
Question: are the dems worried about this because of corruption,
or is it because it threatens their political fortunes?
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update:
Question: are the dems worried about this because of corruption,
or is it because it threatens their political fortunes?
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NYT: U.S. Adds Only 88,000 Jobs; Jo
http://mobile.nytimes.com/2013/04/06/business/economy/us-adds-only-88000-jobs-jobless-rate-falls-to-7-6.xml
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LA Times - Three justices' concern over gay parenting surprises experts
http://touch.latimes.com/#section/-1/article/p2p-75239058/
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No deal in sight on final day of Iran nuclear talks | JPost | Israel News
http://www.jpost.com/Iranian-Threat/News/Six-powers-Iran-begin-day-2-of-nuke-talks-308870
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I have a bitcoin wallet
Whoop-de-doo.
I think that I've researched this about as much as my time allows. Now, it is time to get some practical experience.
I won't put any bitcoins into this wallet. It is an experiment. I'll put up the address here on the web under the donate button. If anybody wants to donate using bitcoins, that option now exists. The link will be on the side bar to this post and this bitcoin address is ( drum roll please ) :
1PmvrXwi1fBqZ5gB1Cvh55cUso45oNQxj5
I think that I've researched this about as much as my time allows. Now, it is time to get some practical experience.
I won't put any bitcoins into this wallet. It is an experiment. I'll put up the address here on the web under the donate button. If anybody wants to donate using bitcoins, that option now exists. The link will be on the side bar to this post and this bitcoin address is ( drum roll please ) :
1PmvrXwi1fBqZ5gB1Cvh55cUso45oNQxj5
 |
| bitcoin thingy |
Friday, April 5, 2013
PJTV: Asteroid Apocalypse: The Tech Exists to Deflect Asteroids...
Discussion of science, planetary defense, and the mining of asteroids as synergistic projects.
Goldmoney
If you have been reading my posts, you may recall that I mentioned Goldmoney before. Goldmoney reminds me of bitcoin. It proposed to be a medium of exchange over the internet. You could pay for goods with Goldmoney in units of gold grams, which is the equivalent of 1 gram of gold at market rates.
Well, I was looking at the Goldmoney site yesterday and something caught my eye. Back in 2011, they were compelled ( in my opinion) to stop the practice of using gold as money. If I am not mistaken, this coincides with the beginning of the European crisis.
Now, bitcoin has only been around since 2009. Goldmoney has been around since 2001. Do any of these dates ring a bell? Bitcoin is kind of like Goldmoney without the gold.
What I get from this is that the central banks and the politicians suppressed Goldmoney and they are trying to do the same with bitcoin. Note that bitcoin is harder to suppress. It is intangible. It can exist anywhere on the world wide web. Therefore, it is going to be harder to stop than Goldmoney. Bitcoin may be stopped, but if it is, something else even harder to stop will emerge in its place. When that happens, fiat currencies will be in big trouble. Their continued existence relies upon a captive audience.
Well, I was looking at the Goldmoney site yesterday and something caught my eye. Back in 2011, they were compelled ( in my opinion) to stop the practice of using gold as money. If I am not mistaken, this coincides with the beginning of the European crisis.
Now, bitcoin has only been around since 2009. Goldmoney has been around since 2001. Do any of these dates ring a bell? Bitcoin is kind of like Goldmoney without the gold.
What I get from this is that the central banks and the politicians suppressed Goldmoney and they are trying to do the same with bitcoin. Note that bitcoin is harder to suppress. It is intangible. It can exist anywhere on the world wide web. Therefore, it is going to be harder to stop than Goldmoney. Bitcoin may be stopped, but if it is, something else even harder to stop will emerge in its place. When that happens, fiat currencies will be in big trouble. Their continued existence relies upon a captive audience.
Kyle Bass: "Japan Will Implode Under Weight Of Their Debt"
video via Zero Hedge
I found out this morning that MtGox, which is a bitcoin exchange, is based in Japan. There was a blip in bitcoin markets overnight, plus a big move by the BOJ mentioned in the video below:
Any connections?
I found out this morning that MtGox, which is a bitcoin exchange, is based in Japan. There was a blip in bitcoin markets overnight, plus a big move by the BOJ mentioned in the video below:
Any connections?
Bitcoin is virtual, gold is real money, USD$ is a compromise
Published on Zero Hedge (http://www.zerohedge.com)
On The Money-ness Of Bitcoins
By Tyler Durden
Created 04/04/2013 - 21:37
Bitcoins have been much in the news lately. Against the background of renewed concerns about the integrity of the euro zone and the imposition of capital controls in Cyprus, the price of a bitcoin has tripled over the last month and reached more than $141 for 1 BTC. Are we witnessing the spontaneous emergence of an alternative virtual medium of exchange, as some would put it? This article offers an answer to this question by considering three aspects of the economy of bitcoins: their production process, their demand factors, and their capacity to compete with physical media of exchange. Virtual monies, of which bitcoins seem to be the most perfected specimen up to date, do not allow acting individuals to manage the uncertainty of the future as well as material monies do. They could serve to intermediate exchanges among those who invest in the technology that creates them, stores them, and transfers them. Nevertheless, they could never achieve that degree of universality and flexibility that material monies carry with them by nature. Thus, on the free market, commodity monies, and presumably gold and silver, still have a great comparative advantage.Do androids dream of electric sheep?
That's the title of the book that the movie Blade Runner was based upon.
Anyway, there's a bit of news that ties into this book. A computer can 'see' your dreams.
What will they think of next? Androids, like RoboCop?
Anyway, there's a bit of news that ties into this book. A computer can 'see' your dreams.
What will they think of next? Androids, like RoboCop?
Bitcoin Hacked: Price Stumbles After Buying Frenzy
cnbc
quote:
Comment
Bitcoin news is rather fast developing. Something a year old is ancient history when it comes to bitcoin.
quote:
Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack
Comment
Bitcoin news is rather fast developing. Something a year old is ancient history when it comes to bitcoin.
The fallacy of gun-control
It has been stated so many times that it has been become a cliche---if you get rid of guns, only the crooks will have guns. This latest drive towards gun-control came as a result of the school shooting in Connecticut.
This Washington Times article has a quote worth noting here, but it is not going to get through to these thick-headed types who insist upon legislating ineffectual laws that won't address the real issue:
What gun-control supporters don't get or don't care is that the laws just passed do not address any of these basic facts. The only people who are going to observe these laws are the very ones who are the least likely to do any harm. The ones most likely to violate the laws won't be deterred from violating this one either.
This isn't about gun-control, it's about people control. But they are controlling the wrong people. The ones they should be controlling are the ones they are protecting. The government itself needs to be brought under control.
We need government control, not gun-control.
This Washington Times article has a quote worth noting here, but it is not going to get through to these thick-headed types who insist upon legislating ineffectual laws that won't address the real issue:
Before the Newtown tragedy, the Brady Campaign determined that Connecticut was the fifth highest-rated state for restrictive gun-control laws. Adam Lanza ignored those laws — such as including stealing the guns, carrying them without a permit and violating the federal “gun free” school zone — in his evil mission to murder school children and teachers.[emphasis added]
What gun-control supporters don't get or don't care is that the laws just passed do not address any of these basic facts. The only people who are going to observe these laws are the very ones who are the least likely to do any harm. The ones most likely to violate the laws won't be deterred from violating this one either.
This isn't about gun-control, it's about people control. But they are controlling the wrong people. The ones they should be controlling are the ones they are protecting. The government itself needs to be brought under control.
We need government control, not gun-control.
[Shared Post] Beginners Guide to Mining Bitcoins
In case you are interested, check out the following post:
Beginners Guide to Mining Bitcoins
More information here in this video:
Comment:
These two sources say to buy BitCoins. Why? It is difficult to mine them. [Hmm. Just a sidebar here, I've been writing them as BitCoins and bitcoins. It is easier to write bitcoins, so now I'll just write it that way because it is easier.]
An interesting thing mentioned in the video is that bitcoin exchanges are being regulated. So much so that a big exchange, MtGox is getting out of the business. Evidently, the government is concerned enough about these things to pay attention to them and to shut them down if that is what it takes.
This leaves me with the impression that the only thing bitcoin has to offer is the ability to move money around surreptitiously. That means the government is going to be interested in this, you can "take that to the bank".
Update:
More about mining bitcoins here. My impression is that this is a tough job, like real mining. You could even lose your stash, like what happened in the Treasure of Sierra Madre. Maybe it is well if you had a sense of humor about it.
Beginners Guide to Mining Bitcoins
More information here in this video:
Comment:
These two sources say to buy BitCoins. Why? It is difficult to mine them. [Hmm. Just a sidebar here, I've been writing them as BitCoins and bitcoins. It is easier to write bitcoins, so now I'll just write it that way because it is easier.]
An interesting thing mentioned in the video is that bitcoin exchanges are being regulated. So much so that a big exchange, MtGox is getting out of the business. Evidently, the government is concerned enough about these things to pay attention to them and to shut them down if that is what it takes.
This leaves me with the impression that the only thing bitcoin has to offer is the ability to move money around surreptitiously. That means the government is going to be interested in this, you can "take that to the bank".
Update:
More about mining bitcoins here. My impression is that this is a tough job, like real mining. You could even lose your stash, like what happened in the Treasure of Sierra Madre. Maybe it is well if you had a sense of humor about it.
Thursday, April 4, 2013
Obama seeks reprise of Speaker Pelosi
http://m.usatoday.com.akadns.net/article/news/2052145
The corresponding www article is:
http://usat.ly/17eGi7e
Additional comment is:
Sounds like a threat .
Geopolitical Weekly: Beyond the Post-Cold War World
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| View on Mobile Phone | Read the online version. |
| ||||||
An era ended when the Soviet Union collapsed on Dec. 31, 1991. The confrontation between the United States and the Soviet Union defined the Cold War period. The collapse of Europe framed that confrontation. After World War II, the Soviet and American armies occupied Europe. Both towered over the remnants of Europe's forces. The collapse of the European imperial system, the emergence of new states and a struggle between the Soviets and Americans for domination and influence also defined the confrontation. There were, of course, many other aspects and phases of the confrontation, but in the end, the Cold War was a struggle built on Europe's decline.
Many shifts in the international system accompanied the end of the Cold War. In fact, 1991 was an extraordinary and defining year. The Japanese economic miracle ended. China after Tiananmen Square inherited Japan's place as a rapidly growing, export-based economy, one defined by the continued pre-eminence of the Chinese Communist Party. The Maastricht Treaty was formulated, creating the structure of the subsequent European Union. A vast coalition dominated by the United States reversed the Iraqi invasion of Kuwait.
The post-Cold War world had two phases. The first lasted from Dec. 31, 1991, until Sept. 11, 2001. The second lasted from 9/11 until now. Read More »
Comments? Send them to responses@stratfor.com
Many shifts in the international system accompanied the end of the Cold War. In fact, 1991 was an extraordinary and defining year. The Japanese economic miracle ended. China after Tiananmen Square inherited Japan's place as a rapidly growing, export-based economy, one defined by the continued pre-eminence of the Chinese Communist Party. The Maastricht Treaty was formulated, creating the structure of the subsequent European Union. A vast coalition dominated by the United States reversed the Iraqi invasion of Kuwait.
The post-Cold War world had two phases. The first lasted from Dec. 31, 1991, until Sept. 11, 2001. The second lasted from 9/11 until now. Read More »
Comments? Send them to responses@stratfor.com
New to Stratfor? Get these free intel reports emailed to you. If you did not receive this report directly from us and would like more geopolitical reports, join our free email list.
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What I think I know about BitCoin right now
So, I've been researching this BitCoin phenomenon now for a few days. I've posted most of what I've learned, but not everything.
The only thing that I haven't posted is this: how do you spend your BitCoins? The answer is: not very easily. There simply isn't many places that accept BitCoins, as far as I've been able to find. Mostly, its for stuff that you can do without. You can't buy food, clothing, gasoline, or many consumables with these BitCoins unless I'm missing something.
That's one thing. Then there's the value problem, which is what I've posted about. Therefore, I'd say that you really don't want to have a lot of BitCoins in your possession if the value of your BitCoins goes to zero very suddenly. That's a real possibility. The only thing holding up the value of BitCoins right now is that people seem to be willing to buy them. They buy them and then what?
That brings up the question of why are people buying these things? The answer is that it may be in support of an underground economy of sorts. The price that you see for BitCoins could represent the interface between the demand for cash in place of the BitCoins, which are being traded in the underground economy.
You need cash to buy everyday items. You can trade BitCoins for illegal stuff. BitCoins could be useful for evading authorities because of the anonymity of the transactions. To give an example, what if a prostitute sells her services for BitCoins? She can't be busted if the authorities can't prove she accepted money for sex. If they can't prove a transaction, they can't prove a crime.
It may support the drug trade, but mere possession of drugs is illegal. Sex between consenting adults isn't illegal, as far as I know. But it may help the drug trade move money around, or hide it from authorities.
Another thing holding up the price could be something akin to a Tulip Craze. In other words, an asset bubble. Unless there's some way to establish values for BitCoins, they can't ever go mainstream.
The only thing that I haven't posted is this: how do you spend your BitCoins? The answer is: not very easily. There simply isn't many places that accept BitCoins, as far as I've been able to find. Mostly, its for stuff that you can do without. You can't buy food, clothing, gasoline, or many consumables with these BitCoins unless I'm missing something.
That's one thing. Then there's the value problem, which is what I've posted about. Therefore, I'd say that you really don't want to have a lot of BitCoins in your possession if the value of your BitCoins goes to zero very suddenly. That's a real possibility. The only thing holding up the value of BitCoins right now is that people seem to be willing to buy them. They buy them and then what?
That brings up the question of why are people buying these things? The answer is that it may be in support of an underground economy of sorts. The price that you see for BitCoins could represent the interface between the demand for cash in place of the BitCoins, which are being traded in the underground economy.
You need cash to buy everyday items. You can trade BitCoins for illegal stuff. BitCoins could be useful for evading authorities because of the anonymity of the transactions. To give an example, what if a prostitute sells her services for BitCoins? She can't be busted if the authorities can't prove she accepted money for sex. If they can't prove a transaction, they can't prove a crime.
It may support the drug trade, but mere possession of drugs is illegal. Sex between consenting adults isn't illegal, as far as I know. But it may help the drug trade move money around, or hide it from authorities.
Another thing holding up the price could be something akin to a Tulip Craze. In other words, an asset bubble. Unless there's some way to establish values for BitCoins, they can't ever go mainstream.
Bitcoin is backed by Weed. [???]
Published on Oct 26, 2012
http://bitcoin.com.au BitcoinOz
Sponsored by http://bitmit.bitcoin.me - the Ebay of legal non drugs.
Sponsored by http://bitmit.bitcoin.me - the Ebay of legal non drugs.
Don't Buy Bitcoins
Uploaded on Apr 22, 2011
Quote:
Obviously, a critical view of BitCoin.
Quote:
See also my article: The theory of money in the tradition of Carl MengerComment:
Obviously, a critical view of BitCoin.
Jon Matonis on Bitcoin and crypto-currencies
GoldMoneyNews
Quote:
Comment:
GoldMoney is a gold vault operation, for want of a better term. This is their communication, which is amongst the ways in which they communicate with the world.
You can buy and sell gold there, with what they call gold grams, which represent 1 gram of gold. In comparison to an ounce, it takes about 30 grams to equal an ounce. GoldMoney's vault is located in the Channel Island of Jersey, near England, if memory serves. I traded with them there, on the internet, in 2007. I stopped fairly quickly that year when the US government started interfering, to my displeasure.
My contribution to the thoughts on this matter on the video is that since BitCoin is peer-to-peer, and a value is needed to establish what a BitCoin is actually is worth, then all is needed is some agreement amongst the BitCoin community as what that value of a BitCoin actually is. Now, if BitCoin is pegged amongst the community that it is worth so many gold grams, then you have achieved an objective value of a BitCoin, in my opinion.
Real currencies are set up by governments. A government is a group of people who exert authority and operate according to some kind of mutual agreement amongst them. In comparison, you would need to have a way to police a system, amongst the participants in that system. Now, a group of people can set this up and run it according to a charter they agreed upon. It can govern the system.
The video doesn't cover this, by the way. It is my own thought on the matter.
Anyway, here's the video
Quote:
Published on Mar 29, 2013
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Episode 118: GoldMoney's Andy Duncan talks to Jon Matonis of the Bitcoin Foundation who is also a contributor to Forbes Magazine. They discuss Bitcoin's latest price spike and whether crypto-currencies are a credible alternative as a medium of exchange.
Comment:
GoldMoney is a gold vault operation, for want of a better term. This is their communication, which is amongst the ways in which they communicate with the world.
You can buy and sell gold there, with what they call gold grams, which represent 1 gram of gold. In comparison to an ounce, it takes about 30 grams to equal an ounce. GoldMoney's vault is located in the Channel Island of Jersey, near England, if memory serves. I traded with them there, on the internet, in 2007. I stopped fairly quickly that year when the US government started interfering, to my displeasure.
My contribution to the thoughts on this matter on the video is that since BitCoin is peer-to-peer, and a value is needed to establish what a BitCoin is actually is worth, then all is needed is some agreement amongst the BitCoin community as what that value of a BitCoin actually is. Now, if BitCoin is pegged amongst the community that it is worth so many gold grams, then you have achieved an objective value of a BitCoin, in my opinion.
Real currencies are set up by governments. A government is a group of people who exert authority and operate according to some kind of mutual agreement amongst them. In comparison, you would need to have a way to police a system, amongst the participants in that system. Now, a group of people can set this up and run it according to a charter they agreed upon. It can govern the system.
The video doesn't cover this, by the way. It is my own thought on the matter.
Anyway, here's the video
Guest Post: Will Globalists Use North Korea To Trigger Catastrophe?
Zero Hedge
quote:
Comment:
A plausible motive for what's happening in Korea. The idea is to get rid of the US dollar as a reserve currency.
Actually, my own take is that if this is true, it may also be a way to take down a source of US power. The real power behind North Korea is Russia and China.
quote:
a war in North Korea serves the more malicious interests of globalization. No matter what happens in the near future, it is important for Americans to always question the true motives behind any event and ask ourselves who, in the end, truly benefited.
Comment:
A plausible motive for what's happening in Korea. The idea is to get rid of the US dollar as a reserve currency.
Actually, my own take is that if this is true, it may also be a way to take down a source of US power. The real power behind North Korea is Russia and China.
Wednesday, April 3, 2013
Anti-Keystone billionaire rattles Democrats - Andrew Restuccia and Kenneth P. Vogel - POLITICO.com
Anti-Keystone billionaire rattles Democrats - Andrew Restuccia and Kenneth P. Vogel - POLITICO.com
The Dems want to play it both ways. For or agin , can't be both.
The Dems want to play it both ways. For or agin , can't be both.
Connecticut lawmakers set to vote on tough new gun law
I found this article on Reuters Mobile (us.mobile.reuters.com):
Connecticut lawmakers set to vote on tough new gun law
http://www.reuters.com/article/idUSBRE9320TS20130403
No authority to do this under the US constitution.
Bitcoins and Johnny Walker
How do you set a Bitcoin price? How do you know if the price is fair? Could you set some type of gold standard, but without the hassle of holding gold?
In my recollection, money has taken the form of commodities at various points in history. Such as a barrel of whiskey or tobacco during Colonial Times. Commodities would be good, because they don't change, or don't change much.
You really want prices to be stable. How do you know that you receive value if prices aren't stable?
Let's say you can buy this for 1 Bitcoin
Then, you may be in business.
In my recollection, money has taken the form of commodities at various points in history. Such as a barrel of whiskey or tobacco during Colonial Times. Commodities would be good, because they don't change, or don't change much.
You really want prices to be stable. How do you know that you receive value if prices aren't stable?
Let's say you can buy this for 1 Bitcoin
 |
| Johnny Walker |
Then, you may be in business.
Bitcoin & The End of State-Controlled Money: Q&A with Jerry Brito
Hype?
While researching this topic of Bitcoin, the ideas expressed above are what I mean when I say that I don't get it. It is still dependent upon existent currencies. How does it replace anything?
While researching this topic of Bitcoin, the ideas expressed above are what I mean when I say that I don't get it. It is still dependent upon existent currencies. How does it replace anything?
The Innovation Project 2013 - Al Gore Speaks On Mobile Money And The Global Mind
PYMNTS.com
quote:
Comment:
Surely, Gore jests. Something here doesn't add up. How can those who are pushing Bitcoin as some kind of revolutionary monetary system square that with what Gore said? Or vice versa.
quote:
“When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool,” Gore said. “I know that there are a lot of innovators that are out there that are trying to think up … come up with new models and I look forward to that.”[ emphasis added]
Comment:
Surely, Gore jests. Something here doesn't add up. How can those who are pushing Bitcoin as some kind of revolutionary monetary system square that with what Gore said? Or vice versa.
Say it ain't so!
Published on Zero Hedge (http://www.zerohedge.com)
Guest Post: The Myth Of U.S. Energy Independence
By Tyler Durden
Created 04/02/2013 - 21:52
There is no hope whatsoever of so-called U.S. "energy independence" unless three things happen. First, environmental rules have to be wound back to 1970 standards -- in other words, disband the EPA and make civil plaintiffs show actual harm, not just hypothetical harm because someone goofed on a sheaf of mandated paperwork. Second, stop wasting taxpayer money on nonsense like $25 per gallon biofuel. Third and most urgently, stop subsidizing Wall Street. Let the market decide what interest rates make sense, rewarding companies who can find and produce oil, instead of gorging themselves sick on artificially cheap junk bonds that money-losing shale swindlers will never pay off.
Bit-Pay Mobile Checkout
As I wrote earlier, I don't get Bitcoin. So, I'm trying to get an education on the concept and found a video that I'd thought I'd share. There are other videos, of course.
Once you get into this, your curiosity may grow. Incidentally, if you mention Bitcoin to people, they'll probably shrug it all off. So did I. I've heard about Bitcoin for some time now, but it didn't get my attention enough for me to begin researching it until yesterday.
Once you get into this, your curiosity may grow. Incidentally, if you mention Bitcoin to people, they'll probably shrug it all off. So did I. I've heard about Bitcoin for some time now, but it didn't get my attention enough for me to begin researching it until yesterday.
Tuesday, April 2, 2013
Beyond the Post-Cold War World ( updated)
Stratfor.com
Comment:
This is to balance off some of the negativism here. The analysis of the world situation holds that the USA is still at the top of the heap.
I don't know if the Chinese have gotten the memo, though. They have different ideas, I'm sure.
Comment:
This is to balance off some of the negativism here. The analysis of the world situation holds that the USA is still at the top of the heap.
I don't know if the Chinese have gotten the memo, though. They have different ideas, I'm sure.
Illinois Republican Senator Mark Kirk comes out for same-sex marriage - Daily News
http://m.nydailynews.com/1.1305650
Another GOP senator abandons tradition, betrays the base , and supports same sex marriage.
The GOP may as well close shop.
Sent from my Virgin Mobile Android-Powered Device
Another GOP senator abandons tradition, betrays the base , and supports same sex marriage.
The GOP may as well close shop.
Sent from my Virgin Mobile Android-Powered Device
Musk: SpaceX to Attempt Falcon 9 First Stage Water Landing
parabolicarc.com
Looks like the same story I posted on earlier. The link above has a few more details, though.
At a joint press conference with NASA earlier today, SpaceX CEO Elon Musk said the company will try a water landing of its Falcon 9 first stage later [this] year.
Looks like the same story I posted on earlier. The link above has a few more details, though.
US Dollar as reserve currency is at risk
Published on Zero Hedge (http://www.zerohedge.com)
Thanks, World Reserve Currency, But No Thanks: Australia And China To Enable Direct Currency Convertibility
By Tyler Durden
Created 03/31/2013 - 12:46
A month ago we pointed out [1]that as a result of Australia's unprecedented reliance on China as a target export market, accounting for nearly 30% of all Australian exports (with the flipside being just as true, as Australia now is the fifth-biggest source of Chinese imports), the two countries may as well be joined at the hip. Over the weekend, Australia appears to have come to the same conclusion, with the Australian reporting that the land down under is set to say goodbye to the world's "reserve currency" in its trade dealings with the world's biggest marginal economic power, China, and will enable the direct convertibility of the Australian dollar into Chinese yuan, without US Dollar intermediation, in the process "slashing costs for thousands of business" and also confirming speculation that China is fully intent on, little by little, chipping away at the dollar's reserve currency status until one day it no longer is.
Links:
[1] http://www.zerohedge.com/news/2013-02-26/goes-china-so-goes-world-and-definitely-australia
[1] http://www.zerohedge.com/news/2013-02-26/goes-china-so-goes-world-and-definitely-australia
U.S. on alert for nuclear blast overhead
Free Republic
quote:
You mean that Bush's Airborne Laser System, which was canceled by You Know Who, could have helped with this? I'm shocked, shocked, I tell you.
I discussed the EMP possibility just a few days ago.
quote:
WASHINGTON – U.S. officials quietly are expressing concern that North Korea could use its “space launch vehicle” to explode a high-altitude nuclear device over the United States, creating an electromagnetic pulse that would destroy major portions of the U.S. electrical grid system as well as the nation’s critical infrastructures.Comment:
You mean that Bush's Airborne Laser System, which was canceled by You Know Who, could have helped with this? I'm shocked, shocked, I tell you.
I discussed the EMP possibility just a few days ago.
Obama and the Democrats Hate Free Americans
canadafreepress.com
quote:
And I thought that it all began in the seventies!
quote:
As many of you know, the push to turn us into a Marxist/neo-fascist, totalitarian, top-down dictatorship began in 1913 with the Democrats and the “progressive movement,” and has never gone away.Comment:
And I thought that it all began in the seventies!
Bitcoin ( updated)
Published on Zero Hedge (http://www.zerohedge.com)
Guest Post: What Every Libertarian Should Know About Bitcoin
By Tyler Durden
Created 04/01/2013 - 20:45
"Soon, whether via Bitcoin or whatever comes next, it will be possible to strip banking away from bankers, and money away from governments." From a recent article in the Spectator titled "How Bitcoin Could Destroy the State" [1]. Support for Bitcoin amongst Austrian economists is growing by they day and in this interview, the highly admired and respected Tom Woods, discusses Bitcoin with Erik Voorhees of Bitinstant [2] (a popular, rapid way of converting fiat into BTC). This interview very poignantly addresses many of the layperson's concerns about it that I have heard over the past several months. Remember, despite the price rise, Ben Bernanke is still creating the equivalent of 75 Bitcoin markets every month [3] with his money printing.
Source URL: http://www.zerohedge.com/news/2013-04-01/guest-post-what-every-libertarian-should-know-about-bitcoin
Links:
[1] http://www.spectator.co.uk/columnists/hugo-rifkind/8874321/how-bitcoin-could-destroy-the-state-and-perhaps-make-me-a-bit-of-money/
[2] https://www.bitinstant.com
[3] http://libertyblitzkrieg.com/2013/03/21/bitcoin-goes-parabolic-my-updated-thoughts/
[1] http://www.spectator.co.uk/columnists/hugo-rifkind/8874321/how-bitcoin-could-destroy-the-state-and-perhaps-make-me-a-bit-of-money/
[2] https://www.bitinstant.com
[3] http://libertyblitzkrieg.com/2013/03/21/bitcoin-goes-parabolic-my-updated-thoughts/
Monday, April 1, 2013
Pessimism, part 3
It seemed that this little bit of self-examination was necessary. It does appear to be a reason for concern today. Being pessimistic about the situation isn't unreasonable given the track record of the government for as long as I can remember.
In particular, I reviewed this video once again. Now, if this guy is right- and I think that, unfortunately to say the least, that he is- then it is a very serious matter.
Banks are setting themselves up for a big crash and governments are letting them do it. The politicians are a little too corrupt to be good servants of the people. They have really screwed the pooch this time.
One thing that banks should never be allowed to do is to monkey around with their reserves. That's what the video says they are doing. It appears that they are being very conservative about it, but that little bitty crack they opened up can bring on a catastrophic failure.
Let's just hope that this guy's facts are wrong, and they aren't doing that. Because if he's right, we've got a problem.
In particular, I reviewed this video once again. Now, if this guy is right- and I think that, unfortunately to say the least, that he is- then it is a very serious matter.
Banks are setting themselves up for a big crash and governments are letting them do it. The politicians are a little too corrupt to be good servants of the people. They have really screwed the pooch this time.
One thing that banks should never be allowed to do is to monkey around with their reserves. That's what the video says they are doing. It appears that they are being very conservative about it, but that little bitty crack they opened up can bring on a catastrophic failure.
Let's just hope that this guy's facts are wrong, and they aren't doing that. Because if he's right, we've got a problem.
On pessimism part two
Do people who are negative know that they are that way?
That is a question I saw on quora.
I posted about that this very morning.
I think the question implies a bias towards being optimistic about things in general.
You could flip the bias to the negative, and ask : do people who are positive have a realistic understanding of the situation that applies?
There's nothing wrong with being positive but there must exist a reason for the optimism.
Being negative does not necessarily mean that you're being unreasonable, nor does being positive as being synonymous with being right or accurate.
I would rather be right than be optimistic if the optimism was unrealistic.
By the same token, I would hate to be pessimistic if there were some reason to believe that there were very legitimate reasons to be hopeful about a situation.
Sent from my Virgin Mobile Android-Powered Device
That is a question I saw on quora.
I posted about that this very morning.
I think the question implies a bias towards being optimistic about things in general.
You could flip the bias to the negative, and ask : do people who are positive have a realistic understanding of the situation that applies?
There's nothing wrong with being positive but there must exist a reason for the optimism.
Being negative does not necessarily mean that you're being unreasonable, nor does being positive as being synonymous with being right or accurate.
I would rather be right than be optimistic if the optimism was unrealistic.
By the same token, I would hate to be pessimistic if there were some reason to believe that there were very legitimate reasons to be hopeful about a situation.
Sent from my Virgin Mobile Android-Powered Device
On pessimism
This blog started off with some optimism. I figured that there were solutions out there, and all that was necessary was to implement them.
It must have changed with the reelection of Obama. Maybe the reality of what has happened to this country began to overwhelm whatever optimism there may have been left.
I'm pretty sure we are headed for a crack-up. Don't know how or when, but it is bound to occur.
That business I read about this past weekend with respect to gold probably croaked my optimism for good.
You know what they are doing with gold? They are treating it the same way that they are doing with paper money. They've created a fractional banking system with gold. The idea is that when somebody can't get their gold that they think they own, the entire system may crash. Well, maybe. You see, they lease out the gold and what happens is that the amount of gold that they have on hand isn't enough to cover the obligations that they are incurring during the meantime. It's like a bank that can't cover the demands of the depositors. A bank run ensues and they have to shut down the bank.
People still think paper money is good, so maybe they will accept paper money in its stead. That's a bit of gallows humor there, in case you didn't pick up on it.
It is hard to convey humor sometimes with the written word. If you didn't laugh...
It must have changed with the reelection of Obama. Maybe the reality of what has happened to this country began to overwhelm whatever optimism there may have been left.
I'm pretty sure we are headed for a crack-up. Don't know how or when, but it is bound to occur.
That business I read about this past weekend with respect to gold probably croaked my optimism for good.
You know what they are doing with gold? They are treating it the same way that they are doing with paper money. They've created a fractional banking system with gold. The idea is that when somebody can't get their gold that they think they own, the entire system may crash. Well, maybe. You see, they lease out the gold and what happens is that the amount of gold that they have on hand isn't enough to cover the obligations that they are incurring during the meantime. It's like a bank that can't cover the demands of the depositors. A bank run ensues and they have to shut down the bank.
People still think paper money is good, so maybe they will accept paper money in its stead. That's a bit of gallows humor there, in case you didn't pick up on it.
It is hard to convey humor sometimes with the written word. If you didn't laugh...
Texas won't secede
This is idle talk. How do I know? I didn't until this morning. On Drudge, I found an article that says Governor Perry is under pressure to take the Obama money which would be used for ObamaCare. The pressure is coming from within the Republican Party.
So, even the stalwart red Republican Party of Texas is hot for the free money from DC. If that's true, no way Texas will get off that gravy train.
What a joke.
So, even the stalwart red Republican Party of Texas is hot for the free money from DC. If that's true, no way Texas will get off that gravy train.
What a joke.
Early seventies was a turning point in history
Look what happened in the early seventies:
Perhaps the roots of this can be traced back to the sixties or earlier. However, whatever the cause, the events themselves heralded the decline that we witness to this very day.
Iran and North Korea are now threats to the United States. Who'd a thought that would be possible back in 1973?
- Cancellation of the molten-salt reactor
- Cancellation of the NERVA ( nuclear thermal rocket)
- End of Apollo, scrapping of the Saturn V rocket
- The end of the gold standard. Inflation spiked shortly afterward.
- Arab Oil Embargo
- Watergate and resignation of President Nixon
- Until 1973, homosexuality was considered a mental disorder.
- Roe v Wade decided in 1973
- End of the Vietnam War, South Vietnam collapses in 1975
- Beginning of systemic budget deficits
Perhaps the roots of this can be traced back to the sixties or earlier. However, whatever the cause, the events themselves heralded the decline that we witness to this very day.
Iran and North Korea are now threats to the United States. Who'd a thought that would be possible back in 1973?
Sunday, March 31, 2013
What could go wrong in Korea?
Haven't thought about this situation enough.
What are the possible scenarios?
Let's see what I can figure out on this.
At the top of the list is this: Is N. Korea bluffing, or not?
If they are bluffing, that means they have nothing to threaten us with, or they won't use it.
If they are not bluffing, that means they've got something, and they will use it if they wish.
Whatever the Norks have as information probably relies heavily on Russian and Chinese intelligence. But that is only as good as their intelligence is and also it is only as good as what those two will share. The Norks may not have the whole story, and they probably know this. Therefore, anything they do is very risky, and they must know this.
Here's something that just occurred to me. If the Russians and Chinese believe that an American counter attack will only harm the Norks, they could offer to rebuild North Korea if they attack America. In such a case as that, the Norks may find an attack to be worthwhile, if they can irreparably damage the United States.
Or, they may be playing for negotiations and concessions. However, they may end up with war, which only benefits Russia and China. There is, of course, the possibility that their attack will fail. In the best case scenario for them, they may count on Russian and Chinese help after a successful attack, or maybe those two will welsh, and not help rebuild North Korea at all.
If North Korea feels it has nothing to lose, and much to gain, this could get very dangerous if we are not prepared.
So, what does Obama do? If he does do something, it could get very ugly. What the Norks are counting on is that he does another Clinton and negotiates. But Obama can't repeat the Agreed Framework deal. Not with Iran bubbling up beneath the surface with their own nukes. Obama's wiggle room isn't very far.
So, what do the Norks want?
I recall that in the Bush era, they wanted some kind of non-aggression treaty, or something like that. Threatening them with war doesn't play well with that scenario. But Obama can't let the Nork's threats go by either, so he has to be seen as strong. If he is seen as weak, Obama can lose political credibility---which is something he may not be able to afford later on. There aren't a lot of good options here for Obama. His best option is to play for time and find a way to strengthen his hand if he has a weak one. Even if he has a strong hand, he needs to make sure he keeps it strong, which is not exactly what he's doing.
So, what could go wrong? The thing that sometimes happens on the world stage. Somebody miscalculates and something else goes boom.
What are the possible scenarios?
Let's see what I can figure out on this.
At the top of the list is this: Is N. Korea bluffing, or not?
If they are bluffing, that means they have nothing to threaten us with, or they won't use it.
In this case, they are hoping the bluff will make us go to the bargaining table and give them whatever they want. This would be an overestimation of themselves, or and underestimation of Obama. The latter could be dangerous for them if Obama does the unexpected. That cannot be ruled out. However, if they are forced to back down, this may cause them to plot for vengeance later.
If they are not bluffing, that means they've got something, and they will use it if they wish.
In this case, they have given up hope of getting anything from us, and will attack as a way of getting revenge. They are prepared to deal with the counter strike that will come, and this doesn't scare them.Information is the key here. If our information is good, then we know what they've got and that can be a relief of sorts. If our information is bad, they may pull off a coup of sorts. However, they will have to accept the American response, which is surely not what they should wish for themselves. Even if they cause tremendous damage to the US, they will not escape unharmed. That would not be a good trade for US and an acceptable trade for them, but nobody actually would win in such a scenario, except for possibly Russia and China.
Whatever the Norks have as information probably relies heavily on Russian and Chinese intelligence. But that is only as good as their intelligence is and also it is only as good as what those two will share. The Norks may not have the whole story, and they probably know this. Therefore, anything they do is very risky, and they must know this.
Here's something that just occurred to me. If the Russians and Chinese believe that an American counter attack will only harm the Norks, they could offer to rebuild North Korea if they attack America. In such a case as that, the Norks may find an attack to be worthwhile, if they can irreparably damage the United States.
Or, they may be playing for negotiations and concessions. However, they may end up with war, which only benefits Russia and China. There is, of course, the possibility that their attack will fail. In the best case scenario for them, they may count on Russian and Chinese help after a successful attack, or maybe those two will welsh, and not help rebuild North Korea at all.
If North Korea feels it has nothing to lose, and much to gain, this could get very dangerous if we are not prepared.
So, what does Obama do? If he does do something, it could get very ugly. What the Norks are counting on is that he does another Clinton and negotiates. But Obama can't repeat the Agreed Framework deal. Not with Iran bubbling up beneath the surface with their own nukes. Obama's wiggle room isn't very far.
So, what do the Norks want?
I recall that in the Bush era, they wanted some kind of non-aggression treaty, or something like that. Threatening them with war doesn't play well with that scenario. But Obama can't let the Nork's threats go by either, so he has to be seen as strong. If he is seen as weak, Obama can lose political credibility---which is something he may not be able to afford later on. There aren't a lot of good options here for Obama. His best option is to play for time and find a way to strengthen his hand if he has a weak one. Even if he has a strong hand, he needs to make sure he keeps it strong, which is not exactly what he's doing.
So, what could go wrong? The thing that sometimes happens on the world stage. Somebody miscalculates and something else goes boom.
Capital Controls equal Smoot-Hawley Tariffs
Coyote blog has a post about capital controls. Which reminded me that somebody on the net said that this was like the Smoot-Hawley tariffs that were imposed during the Great Depression. What the Coyote blog reminded me of was that Krugman is for capital controls. That's what little Cyprus is doing to try to save itself from its latest financial crisis.
What was the effect of the Smoot-Hawley tariffs? It caused the other trading partners to retaliate. This led to a downturn in international trade that deepened the Great Depression.
Is international trade shrinking? Well, I'm not sure. It seems like I read somewhere that it was. So, I brought up the Baltic Dry index to see. Trouble is, with all the government interference in the economy, you don't know if any of the numbers are any good. So, here's a snapshot of the last year. I'd have like to have seen a longer version, but this is all that this chart will reveal.
It hasn't arrived yet, but changes are coming. The leadership, if it can be called such, is hoping for a resumption of growth. But if the Baltic Dry Index goes the wrong way, that won't happen, and we may see something quite different.
History repeats itself, first as tragedy, then as farce. Which is the case here? I suspect farce. Western Civilization is making a caricature of itself.
What was the effect of the Smoot-Hawley tariffs? It caused the other trading partners to retaliate. This led to a downturn in international trade that deepened the Great Depression.
Is international trade shrinking? Well, I'm not sure. It seems like I read somewhere that it was. So, I brought up the Baltic Dry index to see. Trouble is, with all the government interference in the economy, you don't know if any of the numbers are any good. So, here's a snapshot of the last year. I'd have like to have seen a longer version, but this is all that this chart will reveal.
 |
| Looks like a wedge pattern of higher lows, and lower highs. A change of direction is coming soon. |
History repeats itself, first as tragedy, then as farce. Which is the case here? I suspect farce. Western Civilization is making a caricature of itself.
Don't laugh at the Nork leader
He might be able to hurt us, which would not be any laughing matter.
This is speculation, since I have no hard evidence of it being true. I read on a Free Republic thread that the Norks could be developing an EMP type weapon. If this is true, we may not be able to stop it.
How so?
A ballistic missile trajectory could be defended against by the anti-missile batteries that Bush built. However, the hypothetical EMP device would be placed into an orbital trajectory, and thus have a faster, steeper trajectory. Such a trajectory could not be reached by the anti-ballistic shield which was not designed for such a threat. In other words, we'd have no defense against this type of attack. That type of attack was not anticipated.
Moreover, such an attack may be disguised as a peaceful launch. You may not know what hit you until it is too late.
The question is this, then: do the Norks have such a device? It is plausible that they could develop one, you know. It doesn't require as much tech savvy as you might expect. In addition, they already know how to get to orbit. That was recently demonstrated.
There are ways to defend against such an attack, so the question there is: are we prepared? I suspect that we are not.
Update:
Looking at a globe, it appears that a missile attack can be defended, even if it is in an orbital trajectory. North Korea is not well-positioned to launch such an attack.
This is speculation, since I have no hard evidence of it being true. I read on a Free Republic thread that the Norks could be developing an EMP type weapon. If this is true, we may not be able to stop it.
How so?
A ballistic missile trajectory could be defended against by the anti-missile batteries that Bush built. However, the hypothetical EMP device would be placed into an orbital trajectory, and thus have a faster, steeper trajectory. Such a trajectory could not be reached by the anti-ballistic shield which was not designed for such a threat. In other words, we'd have no defense against this type of attack. That type of attack was not anticipated.
Moreover, such an attack may be disguised as a peaceful launch. You may not know what hit you until it is too late.
The question is this, then: do the Norks have such a device? It is plausible that they could develop one, you know. It doesn't require as much tech savvy as you might expect. In addition, they already know how to get to orbit. That was recently demonstrated.
There are ways to defend against such an attack, so the question there is: are we prepared? I suspect that we are not.
Update:
Looking at a globe, it appears that a missile attack can be defended, even if it is in an orbital trajectory. North Korea is not well-positioned to launch such an attack.
Risk - It's Not Just A Board Game
Zero Hedge
It resembles the game of managing perceptions that I wrote about before. Nothing is what it appears to be.
all markets from equities to bonds (and even risk itself) are priced as though 2007/8 never happened. It appears, Williams notes, given the market's perceptions that, "all the problems are behind us." He chides, "Nothing could be further from the truth."
It resembles the game of managing perceptions that I wrote about before. Nothing is what it appears to be.
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