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Comment Re:Roll-back as in play-back? (Score 1) 61

Can't speak for the OP, but the whole debt-based monetary system is one colossal screw! Sovereign governments give up their monetary power and allow a group of private corporations called "banks" to create the money. Then, the government uses force to coerce the citizenry into using the privately created debt-money. Since the whole money supply, minus a tiny amount of physical currency is really just a series of debt obligations and the banking system is a closed loop, banks are collecting interest on money that they created out of thin air. Via this special power, bankers are permitted to suck wealth out of the productive sectors of society and all people who are doing the real work and creating real wealth. Unless you're a banker, government employee or are operating off the grid, you're getting the screw as well. Watch the short film "Money as Debt"(on youtube) if you're unaware of the "bank screw".

Yes, I'm confused about the Deposit/Investment thing because the government repealed the Glass-Steagall Act, thereby removing the firewall between deposit banks and other financial institutions. Also confused because Goldman Sachs was an investment bank, but in 2008, government waved a magic wand and turned them into a deposit bank so that they could cash in on TARP and Federal Reserve bailout $$$. Even more confused because the FDIC has a documented procedure and legal obligation for handling insolvent banks and the law was flagrantly ignored.

Comment Re:Would similar arguments to that of the NRA appl (Score 1) 267

The NRA has accepted the National Firearms Act of 1934, the Federal Firearms Act of 1968, the National Instant Checks System(NICS) and all of the state level licensing/permit bullshit. Does that mean that N. Korea should accept USA government restrictions on its weapons programs? Your verbiage suggesting that someone (USA?) is "letting" NK develop and acquire weapons is rather telling. As if it's up to the USA government to rule over the world and tell countries what they are allowed to have.

The USA government and media will of course paint NK as the aggressor for its nuke and ICBM tests. Given the USA government's insane foreign policy of bombing, invasion, regime change and global military imperialism however, I don't blame any other country for ramping up its military capabilities.
What would you do as leader of an "Axis of Evil" country?

Comment Re: Militant Slashdot (Score 1) 292

Take a few minutes to read a couple of papers: "The Changing Face of War" and "Understanding Fourth Generation Warfare" by William Lind.
For further reference read "The War of the Flea" by Robert Tabor.

All the high tech tanks and planes of the USA military proved useless against a determined insurgency in Vietnam. The Russians encountered the same thing in Afghanistan, as did the Israelis in their occupation of Lebanon.

Now consider the fact that the longest war in the history of the USA has been in Afghanistan where the vaunted USA military has spent 14 years trying to defeat a small insurgency armed only with rifles and improvised explosives. If the USA government can't defeat a few thousand lightly armed insurgents in a country the size of Afghanistan, how are they going to fight a few million similarly armed U.S. citizens in a country 12x (lower 48 states) the size?

Comment Re:American blindspot re guns don't kill, people d (Score 1) 292

The anti-gun crowd conveniently changes their definition of "mass shooting" to claim that mass murders by firearm never happen outside the USA, and then change the definition again to conclude that there were over 300 in the USA last year (including an incident where four kids were "shot" with pellet guns)

No shootings in Australia with four or more victims since 1996? LOL

Seven shot @ Monash University in 2002 (OMG! School Shooting!!!!!) Seven shot in Hectorville in 2011. A family of five shot to death in Lockhart, NSW in 2014.

Search engines are your friend, you lying sack of urbanite excrement.

Comment Re:Since all money is fiat, why have taxes at all? (Score 2) 175

Government doesn't print money (or even do the digital equivalent). They borrow money from private banks and the Federal Reserve. The personal income tax (which was passed at roughly the same time as the Federal Reserve was established) is merely the federal government's tool for guaranteeing that the bankers will always get their interest payments.

Comment Re:Donald Trump (Score 1) 667

Donald Trump has what's known as "Fuck You" money. His wealth is such that he can say and do whatever the hell he wants and if anyone whines about it, he can just say "Fuck You."
He's free to speak his mind because he doesn't have to fear being kicked out of school or losing his job/business and doesn't really have to fear for his personal safety.

Comment Re:Captital Controls. (Score 1) 158

I think it's more sinister for a number of reasons. Ben Bernanke openly admitted that his goal at The Federal Reserve was to destroy rates of return available on "safe" investments like certificates-of-deposit, money markets, etc. His motivation being to encourage consumption and to coerce people into riskier assets like stocks. i.e. force risk-averse savers into the Wall St. gambling casino to serve as more prey for people with HFT capabilities and inside information. If we are forced to go cashless, we will be in a situation where we actually have to pay a bank just to hold our wealth(negative interest rates?). No more money under the mattress. This will also make bank-runs and capital flight impossible because there's nothing to withdraw. Countries are also considering financial "reforms" which can allow bank "bail-ins". Rather than putting the taxpayers on the hook for bailouts of TBTF banks, depositors could simply have their wealth confiscated to recapitalize the bank. When the Cyprus banking crisis was in full swing (and depositors with balances over 100k Euros were forced to take a haircut), the Canadian government proposed a scheme which included the possibility of:

"rapid conversion of certain bank liabilities into regulatory capital."

"certain bank liabilities" = YOUR savings account. i.e. they're suggesting that in the event that a TBTF bank gets in trouble, it could simply seize your savings to recapitalize itself.

This stuff is getting scary. Anyone notice that the BoJ recently announced negative interest rates on bank reserves? I don't pretend to understand this stuff, but it seems like the global economy is now dependent on perpetual debt accumulation, a game that needs to end somewhere. Guess the USA federal government could rack up another $20 or $30 trillion dollars in debt by borrowing from The Fed, but consumers seem to have reached "peak debt". Where does this debt accumulation game end? We had the internet bubble, the housing bubble, and now it seems like we've got a government debt bubble.

Comment Re:Ever see the ads on FB? (Score 1) 336

Agree with your AR vs. AK points, but this is totally wrong:

"The cheapest of AK-47's can be polished up to stand next to the best in a couple hours"

I've seen, handled and fired Russian, Chinese, Romanian and Bulgarian models. No amount of polish could possibly make that Romanian POS stand up to the Russian model.

Comment Re:US Gov Advice USED to be OK for the masses (Score 1) 425

The USA government's "advice" was probably some of the worst advice imaginable! It was never "OK".
As you might recall, they were advising people to eat a whole bunch of breads and cereals to get their daily calories and to consume very little meat. That "advice" has contributed heavily to the obesity problem and general poor health of the people in this country. I think the government employees knew that their advice was going to make people fat and sick and it worked exactly as they intended.

"My first rule: I don't believe anything the government tells me" -George Carlin

Now THAT is good advice.

Comment Proof of government incompetence? (Score 1) 412

I think this whole scheme is insane, but it's nevertheless revealing. If a government can eliminate its current welfare expenditures and then provide every poor person with a basic income while reducing overall spending, what does it say about the current system? Doesn't that mean that government is doing a terrible job in administering all of its current welfare programs?

Think about the USA. What would happen if governments eliminated Obamacare, Medicare, Medicaid, Social Security, SNAP, EITC and all of the other welfare programs and simply used the funds to boost poor people's incomes? As a back-of-the-envelope calculation, assume those programs cost ~$1.8T per year. Then, suppose that money is instead transferred directly to every household with income below the median, which is ~60M households. That would mean $30,000 per household! Why do we still have people living in abject poverty with that amount of government expenditure? This certainly doesn't paint a flattering picture of the existing welfare state.

Comment Predicting the future.... (Score -1, Troll) 252

"Pickering concludes, 'What Evans apparently doesn't realize is that because of the thermal inertia of the oceans, within narrow bounds we can already predict what global temperatures will be in 2019, 2024, and 2029...' "

A major part of science is the ability to verify a theory by independently repeatable experiments and observations. Predicting the future is not "science". You can create a predictive model by retro-fitting current observations to past data, looking at trends and making certain assumptions, but it's still only a model. Such a model can be used, but it should never be "believed". That's the problem with the global warming *cough* "Climate Change" alarmists. They honestly think they KNOW what global temperatures are going to be over the next several decades based on their climate models. The same types of models from decades ago made all sorts of dire predictions that never came to fruition and the same is true of today's models.

Comment Seriously? (Score 1) 432

There are people that connect something as critical as their home heating system to the internet and allow the manufacturer to automatically push out firmware updates to their thermostats?
And there are people who design (and other people who buy) a thermostat that requires f***ing batteries when most homes with thermostats controlling the central heating system are also wired for AC power?

WTF? x1e6

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