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Last year Ron Paul introduced the Free Competition in Currency Act of 2007 which would make alternate currencies legal, though not change other aspects of what you can do with currencies (e.g. money laundering would still be illegal).

Few young people realize that until the 1964-1968 time period it was possible to bring your dollars to the government and get precious metal on demand. This gave the dollar real worth. Since that time, the government has found that it can simply make more money out of thin air and spend it on government programs to generate votes. As with any supply and demand equation, when they start running the printing presses to make more dollars, the dollars you have in you bank account become worth less. You're losing money value and the government is gaining money value, but your 'taxes' are low. One can see this in inflation charts which start to skyrocket in the 1970's, relative to decades previous. Interesting note: if we measured inflation today the way we used to back then, our inflation rate would be 11%.

The Wall Street Journal recently ran a graph showing the value of the dollar vs. gold vs. oil. If we look at the start of the decade until now, if we were holding euros instead of dollars, gas would only be about $2.70 at the pump - that extra $1.30 can be viewed as lost power of the dollar. But, the euro is no panacea either - if you compare the price of gas to the price of gold, it's nearly flat. How about $1.20 gas? I actually saw $5 diesel in CT last weekend.

Not surprisingly, the government decided to stop keeping track of 'M3', or the money supply of the dollar recently. Private economists have continued the calculations and it's easy to see why the government doesn't want to talk about it.

So, back to the beginning, the government has taken irresponsible action with the way it manages the value of its currency, and they have laws preventing people from opting out of their mismanagement. Afraid of a little competition, are they? Experience shows that the most likely effect of competing currencies, even ones that mimic the way the government operated in your parents' generation, would be to pressure the government to exercise some restraint. Of course, if this competition is illegal, they'll continue with their outrageous devaluation.

Folks who think a little competition helps to keep markets fair, and monopolies hurt them, would do well to contact their representatives in government about the aforementioned bill.

Well, actually, that is not true. It does happen here, and over the past few years it has happened to a lot of people, the vast majority innocent. The problem is that you limit your view to US citizens, and that is absurd. GITMO is filled with people who have been kidnapped, tortured, abused and "vanished" by our government, and the fact that they are "fereigners" doesn't make that less so.

Then you are either outrageously ignorant, stupid or both. Probably in conjunction with a healthy dose of paranoia. The majority of the people at GITMO probably had no clue where the US is let alone how to "plot against" it. Most of them were some sort of soldier in the Afghan version of an "army" when we invaded.

Now, let's investigate that a little. Let's say you are a citizen of Afghanistan. Let's say you have a gun. For the argument let's assume you are of a fundamentalist religious persuasion, in other words, you are a fundamentalist muslim. All of that is fine in most countries. Nothing particularly bad about it. Let's, for arguments say that we are talking about two people here, you and your brother. Your brother is a member of the Taliban armed militia, the closest Afganistan of 2001 comes to a standing army. You are just a regular citizen, but you are good with a gun.

Now, let's assume a foreign power invades. Let's call that foreign power USA. Let's assume they do so for their own reasons and that they are not invited by the current government of Afghanistan.

Your brother, what is his duty then? As a member of the Taliban militia? It is his duty to shoot every american soldier he sees. On sight. It is his duty to kill as many of them as he can. If he can't kill them it is his duty to capture them. That is his duty. Should we punish him for performing his duty? Shall we whisk him away to a strange island in no-mans-land, torture him, deprive him of all his legal rights just because he performed his duty?

Now, let's get back to you. You are a guy with a gun. A foreign power has (illegally according to your laws) invaded your country. What should you do (as opposed to your legal duty)? What is your moral obligation? Your moral obligation is to shoot every fucking American soldier you see. On sight. That is your moral obligation and if you don't stand up and defend your country against this invasion you are a coward. Should you go to jail, be tortured and deprived of all human rights for not being a coward?

I totally supported, and still support, the US invasion of Afghanistan. Of course I do. That doesn't mean that I don't realize that it is every Afghan man and woman's right, and moral duty, to fight the invader though. If you do cooperate with the invasion force you are (technically, morally, legally) a collaborator. Now, you might be a collaborator for "the good side" but you are still a collaborator and a traitor of your country. The fact that your side won doesn't change that post-fact.

Holding the prisoners at GITMO is legally insane, morally absurd, and it only serves one single purpose - it turns us into the bad guys and everybody else into the good guys. That is too absurd for words.

Corrupt writes "I've admired Obama, but I never confused him with a genuine progressive leader. Today I don't admire him at all. His collapse on FISA is unforgivable. The only thing Obama has going for him this week is that McCain is matching him misstep for misstep."

I'm not an American (well, technically, yes, but from Canada), so I do not mark the 4th of July.

Frankly, I often wonder if I will feel guilty in fifty years to have lived near the USA without doing much to change anything, like people under the Nazi regime. I wonder if I will be blamed for my laziness while an empire went mad in front of my eyes. I wonder what will my children think of me when (and if ever) the real atrocities of the American administration are revealed.

To me, there's not much to celebrate. Or maybe the 4th of July could mark the independence of the Rest of the World from the USA...

And there's that quote right now at the bottom of the page that says: "Violence is a sword that has no handle -- you have to hold the blade."

Indeed.

sunny in Seattle writes "'Have you ever thought rush hour on the 405 Freeway might be more bearable if you could check your e-mail, shop for a book on Amazon, place some bids on EBay and maybe even, if nobody is looking, download a little porn? Then perhaps you should be driving a Chrysler.' LA Times reports that the nation's third-largest automaker is set to announce Thursday that it's making wireless Internet an option on all its 2009 models. The mobile hotspot, called UConnect Web, would be the first such technology from any automaker."

I think it is like an ostrich with his head in the sand. Except the ostrich is "Dubya", and the sand that he has his head in is really his ass. Judging by these and other events, he likes the view in there.

whencanistop writes "Despite good job prospects, graduates think that a job in IT would be boring. Is this because of the fact that Bill Gates has made the whole industry look nerdy? Surely with so many (especially young) people being 'web first' with not just their buying habits, but now in terms of what they do in their spare time, we'd expect more of them to want to get a career in it?"

esocid writes "The sun has been laying low for the past couple of years, producing no sunspots and giving a break to satellites. Periods of inactivity are normal for the sun, but this period has gone on longer than usual. The sun usually operates on an 11-year cycle with maximum activity occurring in the middle of the cycle. The last cycle reached its peak in 2001 and is believed to be just ending now, with the next cycle just beginning and expected to reach its peak sometime around 2012. Today's sun, however, is as inactive as it was two years ago, and scientists aren't sure why. In the past, solar physicists observed that the sun once went 50 years without producing sunspots, coinciding with a little ice age on Earth that lasted from 1650 to 1700." (More below.)

Your post is so reactionary and simple-minded that it certainly seems to have been written by an American, short on rationality as it is. In fact, in the last day or so /. has had several posts like yours modded up because they say absurd things such as the high cost of oil is due in part to the restrictions on domestic drilling.

If you think the US economy is in the shitter because of environmental protections you are an embarrassment to the genetic legacy your ancestors have bequeathed you.

The US economy is in the craphole because of the massive debt that has been leveraged against insolvent debtors. This came in the form of the mortgage crisis and its effects have reverberated and multiplied through the banking system. This has led to a crisis in commercial credit which has taken away the ability of consumers to fuel the economy which further erodes the ability of the banking system to maintain solvency. The causes of the credit crisis caused by the tanking of the mortgage system has not yet finished and we are likely to see much worse before it stops.

Regarding the offshoring of manufacturing and environmentalism, the real impact of environmental legislation in the United States is not to preserve non-human species, but to protect humans themselves. Look at the places where mining companies, steel refineries, chemical manufacturing plants, and pulp mills have operated and what you'll find are poisoned water tables and insanely elevated cancer rates. Additionally, the relative low-production of minerals from mining is due mainly to evisceration of the lands where valuable resources once existed, not due to the governmental restrictions on development.

For you to say something like "the tree huggers over her taking so much power" is laughable. Opening all the protected lands in the US would to natural resource exploitation do virtually nothing to fix the GLOBAL ECONOMIC CRISIS let alone the paltry problem of the US economy stumbling against the stronger European economy. The kind of neanderthal thinking that bad economic times can generate amongst people is amazing and your post is an example of such stupidity.

Environmentalism has not caused the US economic crisis. Bad banking practice has.

I wonder if this has anything to do with Bush running up trillions in debt and making everyone hate us?

Roland Piquepaille writes "It's now almost certain that the world's ice shelves are melting. And while satellites provide lots of data about their evolution, ground-based weather stations could be even more useful. But if scientists can no longer stay on fragile and volatile ice sheets, what can they do? They can use specially designed robots called SnoMotes developed by U.S. researchers. 'The SnoMotes work as a team, autonomously collaborating among themselves to cover all the necessary ground to gather assigned scientific measurements.' More importantly, a SnoMote is an 'expendable rover that wouldn't break a research team's bank if it were lost during an experiment,' according to the lead researcher." Reader coondoggie adds a link to another story on these robots at Network World.

An anonymous reader writes "Verizon and Comcast announced they will not 'block or throttle Internet traffic delivered via peer-to-peer networks' — essentially proclaiming that they are now P2P friendly. The decision came as a result of a test conducted with Verizon and Pando Networks, testing the benefits of a P2P/ISP partnership. During the test, the amount of P2P content delivered to Verizon subscribers from inside its network grew from 2 percent to 50 percent. This shows ISPs need to work with P2P companies to improve content delivery and manage traffic. Verizon also announced it will be looking at ways to use P2P technology to deploy new features on FiOS TV." Just the same, read on for one approach to mitigating likely tightening restrictions on P2P network use.

I Don't Believe in Imaginary Property writes "The Los Angeles County Board of Supervisors has declared that copyright infringement 'substantially interferes with the interest of the public in the quality of life and community peace, lawful commerce in the county, property values, and is detrimental to the public health, safety, and welfare of the county's citizens, its businesses and its visitors.' You might laugh, but that means they can close up a property for up to one year for violations of the anti-infringement ordinance [PDF] and the owner can be fined $1,000 for each infringing work produced on site. Not to mention the penalties in the PRO-IP Act, which just sailed through the House."

I Don't Believe in Imaginary Property writes "The Pro-IP Act has passed the Judiciary Committee unanimously, thanks to the support of committee chairman Rep. John Conyers (D-MI). We've discussed this before — it's the same bill which would create copyright cops with the power to seize computers, when powers like that have been systematically abused in other areas. But, apparently, they think the bill is just wonderful now, simply because they cut the provision that would've increased statutory damages while keeping the rest. This is the same bill that William Patry called the 'most outrageously gluttonous IP bill ever introduced in the US.'" While we're on the subject of intellectual property, Canadian law professor Michael Geist gave a talk on Monday about "copyright myths."

Tracy Mayor writes "Is a gig on an IT help desk really the career death it's always assumed to be? Not always, this Computerworld writer found out, just don't get comfy and stay too long. "