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Comment: Re: It's like Venezuela but without all the gun c (Score 1) 240 240

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) 240 240

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:[T]hings that ... fail: lots of experience at t (Score 0) 172 172

"US labor participation rate is the lowest it's been in 40 years. Only jobs being created are all part-time. Under-employment is at an all time high."

The labor pool is filled with horribly undereducated people. Of course they don't have jobs. IF public education was not a steaming mess and if college actually was affordable or free like it is in the other 95% of the world, this would be very different.

If those damn democrats did not keep cutting funding for education programs and other entitlements..... oh wait, it's the other guys that did that.

Comment: Re:Zune (Score 1) 256 256

Notice he is typing it on a first gen surface pro WITH THE KEYBOARD.

As all generations of the surface are pretty useless without the keyboard. (I own one, I know this as a fact)

That is why the surface is not a success, Microsoft's inability to get user interfaces right. The hardware is sound and great. It's the steaming crap OS that is installed by default that is the problem.

Comment: Re:Not kill the messenger ... (Score 1) 116 116

Unfortunately, by your definition I don't believe that there *are* any civilized nations. It's not that I disagree with you, exactly. But I believe that your idealized definition of civilized doesn't map to any country in the world either at the present time or at any previous time.

Comment: Re:Not kill the messenger ... (Score 1) 116 116

Plenty of excuses, but sorry, if we're using English "kill the messenger" essentially means to act in such a way as to discourage others with the same (or sufficiently similar) message.

You may use the excuses to claim that the intent was other than "killing the messenger", but not to argue that that isn't what they did. To argue that that isn't what they did you would (probably) need to show that their action did not serve to discourage others with similar communications.

OTOH, perhaps in Spanish the phrase would be taken literally, as it once was in English. But in modern English "kill" has many figurative uses, such as "kill the spotlight" (though I think that's now more commonly "strike the spot", which also doesn't involve hitting the light).

Comment: Re:I'm all for recreational drone use but... (Score 1) 72 72

And that is the problem. You dont have to have any IQ at all to own and operate a quadracopter like that. Only need a checkbook or credit card.

Honestly, I think they need undercover cops to walk around and just taze the hell out of drone owners that do that crap. No warning, just a tazer to the balls for 5 minutes and then say, "Stop being an asshole, have a nice day."

Comment: Re:I hate bloatware as much as the next person... (Score 1) 79 79

Why not? Suing them seems totally appropriate unless they are making adequate pre-purchase disclosure, and ensuring that the prospective purchaser is aware of the characteristics of the thing they are purchasing.

Disagree? Re-read Adam Smith.

Comment: Re:Indeed (Score 2) 380 380

Yes, but remember, in those days "Cookie Monster" was a typical virus. And internet communities were relatively homogenous.

There are, there must be, limits to free speech. Shouting down someone else doesn't count as free speech. At most it's a reasonable reaction to their stifling of your own speech.

In this case it appears (as an outside observer) that this is the silencing of an honest, truthful, and respected voice. If she is an employee of Rededit, then I suppose that is their right, but the proper response is to refuse to deal with or support Rededit in any way. Which is what this protest appears to be doing.

You are an insult to my intelligence! I demand that you log off immediately.

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