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Comment: Re: It's like Venezuela but without all the gun c (Score 1) 293 293

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) 293 293

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:I sincerely hope the 1st Amendment is bulletpro (Score 1) 359 359

Did you just argue that preventing States from letting gay people get married is expanding the State and "screwing" liberty, justice and freedom?

Generally speaking, when SCOTUS says "No, you can't pass laws preventing consenting adults from doing X", it's defending freedom, not restricting it. Unless your concern is the freedom of State governments, in which case we, the people, don't give a shit. The States exist to serve us, not vice versa.

Comment: Re:Just in time (Score 1) 142 142

Not sure about the GP, but I interpreted it as being about Microsoft moving to a subscription service, which Windows doesn't fit into. The sentence was:

Which is where Windows is now. Windows is declining, and as Microsoft moves to the subscription model, will die even faster.

That's the exact opposite of him saying "Windows is switching to a subscription model". He's saying "Windows will die, because Microsoft is moving to a subscription model". If he was arguing Windows was switching to a subscription model, he wouldn't be arguing Windows will die as a result of Microsoft moving to one, would he?

I would be interested in his reasons, but I suspect the logic is something related to the cross platform nature of most cloud hosted offerings, which Office 365 is an example of. If you can use Office on a ChromeBook, you have less need to use Windows. And if you're trying to make money by selling subscriptions, ensuring everyone has 24/7 access regardless of device is probably a good idea and a major selling point.

Comment: Re:I sincerely hope the 1st Amendment is bulletpro (Score 4, Insightful) 359 359

Good luck, Judges hate it when you try to be "clever" with tricks like that, and rarely rule in your favor. Also don't forget that the diagram is already technically broken into parts (individual bits) by virtue of being digitized and sent through the Internet anyway, so that particular attempt to circumvent a ban is unlikely to work with any law as effectively written.

Comment: Re:I sincerely hope the 1st Amendment is bulletpro (Score 2) 359 359

I don't know about that, were the ACM provisions of the DMCA (the part that in theory banned DeCSS) ever declared to be in breach of the first amendment? I recall we "lost" that legal fight, even if DeCSS's ubiquity meant it ended up being a Pyhrric victory for the DVD-CCA.

Legally I suspect they can "ban" 3D gun blueprints if stored in some computer parsable form. Practically, of course, they'll find that hard to enforce.