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Comment: Re:Wow! (Score 3, Informative) 314

You couldn't care less...

Maybe you should know that the big banks who do HFT also co-locate inside the exchanges and front run orders making hundreds of billions per year.

Also, you might want to know that if the market crashes and restarts like today the big banks can get their losing trades reversed and you can't.

All the profit they're making has to come from somewhere. Are you so certain it doesn't come out of your pocket?

Comment: FYI (Score 1) 439

by 7-Vodka (#43249429) Attached to: Bitcoin To Be Regulated Under US Money Laundering Laws
FYI, this is step one.

Step two will be to charge income tax if your bitcoins appreciate in value. Then other types of taxes. They will give it the same treatment as they give precious metals, just so there's no doubt that in their eyes FIAT money is the only money and the rest will be subject to additional taxation to discourage use as money.

If they removed the taxes on gold and silver, the dollar would collapse within a year.

Comment: Re:Price Fixing? (Score 1) 371

by 7-Vodka (#42877713) Attached to: Australian Govt Forces Apple, Adobe, Microsoft To Explain Price Hikes

True, since 1913 we've always had a spending problem. But the debt issue is worse than ever and here's why:

  1. If interest rates were to rise to historically normal levels, I mean they were 15% in the 80's, the debt is now large enough that all of our money would go to paying the interest on this debt.
  2. The debt is around $150k _per taxpayer_, while the average US _household_ income is $45,018.
  3. As I pointed out in the original post, we now print money to cover 90% of our spending, something which we've *always* financed by selling bonds to the rest of the world. We're spending monopoly money and laying the foundation for a currency collapse that could be as great as the Weimar Republic's.

Clinton was not a fiscal conservative, he profited by accident from a HUGE tech and housing bubble that was fueled by the federal reserve's printing of money. Good god man, the nasdaq was over 5000 in 1999-2000.

When you make loans cheaper than they should be and spread money around, it ends up inflating bubbles in places where it should not go. It causes long term spending to bubble in inefficient ways. Then when the bubbles burst, you get a much needed correction.

Obama's policies are trying to prevent this correction and laying the foundation for the death of the dollar and all american wealth. Yes, he's doing what most of them have always done, but unfortunately there won't be many more after him doing this...

Comment: Re:Price Fixing? (Score 1) 371

by 7-Vodka (#42867723) Attached to: Australian Govt Forces Apple, Adobe, Microsoft To Explain Price Hikes

This would be funny if it wasn't tragic. I don't watch fox and I'm not a republican, this is merely your broken model of the universe failing to comprehend something it's been brainwashed not to think about.

Republican vs. democrat is the invisible cage that keeps you trapped inside your own mind. The illusion of choice.

Obama is a continuation of bush policy, which is a continuation of clinton policy, which is a continuation of bush policy.

We haven't had a president who went off script in a long time. Probably since JFK.

It is better to be bow-legged than no-legged.

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