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Comment: Re:Obvious Missing - GOLD (Score 1) 868

by omnix (#34965310) Attached to: I'd rather my paycheck be denominated in ...

Uh, you have that a little backwards/wrong. Fractional reserve banking is not a myth, it is very real. Banks can lend more than they have in reserve. To your point, they don't lend from their reserves, they borrow the money from another bank at a lower interest rate than they lend it to obligor. Thus, they create a positive cash-flow through arbitrage. They only keep enough money in reserve to service their debts, and then pocket the excess (aka executive pay and bonuses). What they don't plan on, due to moral hazard, is that the economy might shift (I'll save the reasons for another post) and the obligor may not be able to repay the debt. When enough of their loans go into default (Minsky moment), the bank becomes insolvent because it cannot repay it's debts. And, instead of the exorbitantly rich executives bailing out the banks, they turn to the government, central banks, etc to save the bank. If they don't get enough money injected to cover their debts, the bank collapses. Thus, all of that banks debts go into default, and the cycle repeats itself. This causes the money markets to shift (decreased demand and negative speculation) and the currency devalues. As key currencies devalue, the value of commodities (gold, silver, oil, platinum, pork bellies, frozen concentrated orange juice, etc) goes up. Ultimately, we find that in our debt-based fiat monetary system, the value of our currency is directly tied to the solvency of the banks, which is why the government has established the policy of propping up failing banks (aka moral hazard).

But yeah, when the obligor borrows money, it does create a deposit. This is part of a much larger and very nefarious system...

Comment: Corruption, Despotism, and Malfeasance - Oh My!!! (Score 1) 312

by omnix (#34926004) Attached to: I'd rather WikiLeaks concentrate on leaks about ...

I don't want Wikileaks to limit their focus, because most of those groups present equal threats. I don't even know why we separated banking and corporations, since banks are usually corporations. Similarly, why do we have separate options for the military and the government? And, the line between government and corporations has been blurred as we move closer to fascism. However, I would like to know more about the activities of mercenaries and government/defense contractors (Xi, Wackenhut, etc), and political organizations like the US Chamber of Commerce and the various parties and caucuses. Effectively, they are all synonymous - they are all controlled by the greatest REAL threat to freedom avaricious plutocrats.

I really don't care what my neighbors are doing, unless they are plutocrats and politicians doing something that truly effects me like dumping toxic waste in the neighborhood. Besides, I have wireless cams set up on the houses where they throw the "good" parties.

Comment: When I die... (Score 1) 793

by omnix (#31254886) Attached to: When I die, I want my body to be ...

I want any usable parts donated for transplant, and then I'd like a Woodstockesque concert at my wake where they pump me full of drugs and alcohol and have "You're next..." tattooed across my body in several places. Then I want my alcohol-embalmed body donated to science for some college student to dissect. Finally, I want any remaining pieces stuffed into a rocket, and launched into the sun. Optionally, I'll take regular cremation or dropped into a volcano, but I'd prefer being launched into the sun.

Comment: Re:Bribery (Score 1) 773

by omnix (#30133962) Attached to: Mark Cuban's Plan To Kill Google

I'd take the million, and then do what I want. Personally, I despise Microsoft, but Google is getting large enough to worry about who is at the helm.

Seriously though, not using Google would cost the larger companies more than 1MM. In marketing/advertising you use any and all channels to generate leads.

You know, this might also fall into exclusionary practices, which could cause the DOJ to pursue anti-trust case against MS and Mark "I smoke a lotta" Cuban.

Just my ($1/pi)*2^3 Hope you got your money's worth...

Comment: Re:Put's the lie to their open source claims (Score 4, Insightful) 284

by omnix (#29302815) Attached to: IBM's Supreme Court Brief Says That Patents Drive Free Software

So what, then, would you call an entity that is in general designed to remove wealth from as many hands as possible and put it into as few hands as possible?

The correct term is corporatism or fascism, which seems to be the direction of the Republican party. This is the fundamental argument against unregulated capitalism which has become prevalent in the US over the past 100 years.

Not that I believe the Democrats are any better, since they ultimately are a corporatist organization as well. The Dems just lack the organization...

Comment: Re:When will this end? (Score 1) 226

by omnix (#28349543) Attached to: The Next Ad You Click May Be a Virus

If it was only .01%... I'm thinking it's somewhere closer to 10-15% are truly unscrupulous, and another 10-20% that are either stupid or naive enough to follow the former set. Of that, I'd say half or more are actually capable of causing real problems (which is an amazing success rate, considering societies tendency to object to maliciousness). Thus, the effective number of assholes and blindly ignorant follows is fairly high (billions). Who was it that said, "Those who desire power, usually don't deserve it"?

I'm really surprised, though, that this ad-based malware is only making news now. Using ads to traffic malware has been going on for at least the last 5 years.

Businesses

Journal: How to get a company started in this economy...

Journal by omnix

Man, talk about bad luck... I've been working on an enterprise software product for several years. I built a prototype a few years ago; but it was not a marketable product for several reasons. Finally, in 2008, I thought we had everything set; we had equipment and enough money to operate for 6 months or more. So, I started working full-time on the project/company. Over the last 6 months I/we have finalized the design (URD, SRS, and project plan), and submitted a provisional patent. I ev

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