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Comment Re: It's like Venezuela but without all the gun c (Score 2) 431

Iâ(TM)m not blaming âoebankersâ exactly, Iâ(TM)m blaming people who loan money to people who are may or may not pay it back and when they dont get paid back they go running to their central banks or governments and demand they get made whole at the expense of everyone else. Same thing happened in the U.S. in 2009 with the TARP and assorted other bail outs.

Yea the rating agencies really sucked especially leading up to the crash in 2008, but it doesnâ(TM)t relieve lenders of ultimate responsibility for their actions. If the credit ratings are wrong its the responsibility of the lender to figure this out, no one else.

Lenders collect interest on their loans partially to cover the potential risk they wont get paid back, the higher that risk the higher the interest they collect. If they collect high interest rates on risky mortgages and then when someone defaults on them central banks and governments make them whole it creates massive moral hazard.

If the Greeks were a bad risk prior to 2008, which they probably were, the interest rates they had to pay should have been higher and they would have been dissuaded from borrowing or lenders would have been dissuaded from lending to them. Instead the EU created a perverse system where risky borrowers (all of the PIIGS) got relatively cheap money and a lot of it and were incentivized to take as much of it as they could. The EU and the lenders are 100% to blame for this situation for throwing the money at them.

The PIIGS shouldâ(TM)ve never entered an economic union with Germany in the first place, they had no chance of competing with Germany locked in to the same currency. It was a win win for Germany on all fronts.

Comment Re: It's like Venezuela but without all the gun cr (Score 5, Insightful) 431

You donâ(TM)t actually know what you are talking about do you.

Most of the loans in question here were in fact loaned by German and French bankers to the Greeks prior to the 2008, Deutsche bank was one of the biggest. They could get somewhat higher returns loaning to Greece and they had some security because Greece was in the Eurozone. That security unravelled with the 2008 crash.

The ECB, EU, IMF gave massive loans to Greece in 2010, and most of it immediately went to extricate the German and French banks from their bad greek loans. If the Greeks has defaulted on the original loans then there would have been a massive banking crisis in Germany and France. The 2010 EU bailout was to save their banks more than it was to help the Greeks.

The Greeks just got more debt piled on top of too much debt and its totally destroyed their economy. Recently released IMF studies confirm the Greeks canâ(TM)t sustain their current debt load and it has to be restructed or they have to default. If they stay the current course with austerity and more and more bailout loans they are doomed.

If the Greeks had been smart they would have exited the EU and defaulted on the debt in 2009 and the people who made the bad loans, the German and French bankers, would have paid the price. Instead they got off scot free.

Iceland immediately defaulted in a similar situation, they had some short term pain but they rebounded, while the Greece has gotten nothing but worse and worse under the yoke of a corrupt European and global banking system.

For banking and loans to work there is a simple rule, if you are foolish enough to make a bad loan to someone who probably wonâ(TM)t pay it back, then you pay the price when they default. Instead the people who make the bad loans (i.e. bankers) get to keep their bonuses profits and everyone else gets to pay for their stupidity, greed and corruption.

Comment Re: Good for greece (Score 1) 1307

Who is at fault now?

Greece, and the officials who they voted into office. They created their own mess. They lied about that mess. And, they got help, but still couldn't get their shit all in one bucket. How many times should the responsible countries be expected to pay for the sins of the irresponsible? They're like an alcoholic who's still in denial about his affliction.

Comment Re:Once Again (Score 2, Interesting) 141

You know whats worse than todays pilots flying ancient airplanes, a brand new extravegantly expensive F-35 that cant match an F-16 or F-15E built in the 80s, planes built for a fraction of the price.

The F-35 might be an OK successor to the F-117 as a mostly stealth small bomber, but all indications are its completely worthless in a close in dogfight, you just have to read the leaked report from a recent test against an ancient F-16.

The F-35 simply doesnt have enough power, cant turn fast enough and bleeds off to much energy. The pilot found one manuever he could use to shake the F-16 but it consumed so much energy he had to run away and try to get the energy back.

The F-35 will also be horrible in the close air support role at which the A-10 excels, again at an even smaller fraction of the price tag.

F-35 is a classic jack of all trades and master of none.

There might have been a place for a few hundred of them but for the U.S. and every allied air force to think they are going to use one horrible design to replace every fighter they have is complete insanity. If it ever reaches full deployment, one accident or problem and the entire western world will have no air force. At least the Navy has the sense to keep the F-18 alive.

The F-35 is a tribute to the extent Lockheed has seized total control of Congress and the Pentagon, they could literally sell the Air Force actual turkeys for a hundred million a pop and get away with it.

Those B-52â(TM)s still flying today is because Northrop, has also seized control of the Air Forces generals made the B-2 so expensive and so few in number the Air Force canâ(TM)t afford to risk it in combat.

Besides the U.S. has been fighting people living in mud huts who have no air force and air defenses for over a decade, B-52â(TM)s and A-10â(TM)s work incredibly well in that role.

Comment iOS users feel it (Score 1, Insightful) 311

I currently have a web radio transceiver front panel application that works on Linux, Windows, MacOS, Android, Amazon Kindle Fire, under Chrome, Firefox, or Opera. No porting, no software installation. See blog.algoram.com for details of what I'm writing.

The one unsupported popular platform? iOS, because Safari doesn't have the function used to acquire the microphone in the web audio API (and perhaps doesn't have other parts of that API), and Apple insists on handicapping other browsers by forcing them to use Apple's rendering engine.

I don't have any answer other than "don't buy iOS until they fix it".

Comment Re:RFCs are not laws (Score 2) 53

The market not IETF process decides which protocols will continue to be used going forward.

The market loves when we have formal documents laid down by the Formal Documents People confirming what we've been telling our bosses for years. I would bet large sums of money that some tech, somewhere, just walked out of a meeting happy because he finally has permission to deprecate a long-broken system.

Comment Re:'Leak' ? (Score 1) 302

The Windows Insider builds are available to anyone who can be bothered signing up to the program. The only 'leak' here is if publishing screenshots constitutes a breach of the EULA.

Microsoft only releases some builds to the insider program. More to the fast ring than the slow, but they certainly do not release every internal build to the insider program. For example, the currently available build for PC is Build 10130. For me, it's always interesting to see what's in the latest internal builds even if they aren't released to the public - just to know what to expect when a build is released.

Also, this is not just a screenshot release. The entire build was leaked, and this is the appropriate word, because it is not available through official Microsoft channels. The story chosen for the summary was just one that shows a lot of pictures primarily in place of writing more informative content.

Comment Re:Randomness can't come from a computer program (Score 1) 64

Most of us do have a need to transmit messages privately. Do you not make any online purchases?

Yes, but those have to use public-key encryption. I am sure of my one-time-pad encryption because it's just exclusive-OR with the data, and I am sure that my diode noise is really random and there is no way for anyone else to predict or duplicate it. I can not extend the same degree of surety to public-key encryption. The software is complex, the math is hard to understand, and it all depends on the assumption that some algorithms are difficult to reverse - which might not be true.

Comment Re:Bad RNG will make your crypto predictable (Score 2) 64

The problem with FM static is that you could start receiving a station, and if you don't happen to realize you are now getting low-entropy data, that's a problem.

There are many well-characterized forms of electronic noise: thermal noise, shot noise, avalanche noise, flicker noise, all of these are easy to produce with parts that cost a few dollars.

Comment Randomness can't come from a computer program (Score 2, Interesting) 64

True randomness comes from quantum mechanical phenomena. Linux /dev/random is chaotic, yes, enough to seed a software "R"NG. But we can do better and devices to do so are cheap these days.

I wouldn't trust anything but diode noise for randomness. If I had a need to transmit messages privately, I'd only trust a one-time pad.

Comment Re:Seriously?!?!? (Score 2) 213

Again, you can choose to live in the real world, or you can choose not to, and be played by everyone else. Wars and other conflicts happen, it's not a matter of if, it's a matter of when. Being on the wrong side of the intelligence equation means you're going to be the fly, and not the fly swatter.

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