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Comment Re:horse has left the barn (Score 1) 154

So you see the biggest problem is that people live in flood areas, not that the petroleum industry effectively is the most subsidized industry on the planet, and is insulated against the significant costs the use of fossil fuels is producing? Oh no, but we must punish people for living near sea level.

Comment Re:Everybody Panic! (Score 2) 154

The insurance industry isn't panicking, but it's building the effects into policies; whether it much more expensive flood insurance (if you can get it), or just general increases in premiums.

Just because it's not yet a panic-worthy problem, doesn't mean it isn't a serious problem, or that for some people it already is panic-worthy, or will be soon.

When the North American rain belt starts shifting several degrees latitude northward, I think you may find reason to be concerned.

Comment Re:resistance is futile (Score 2) 180

So you have one of the terrorists in the Bataclan attack, but there were also EU nationals in the Bataclan and Charlie Hebdo attacks.

As to the period of disruption, with several major banks saying they're pulling out of London, you're looking at the diminishment of the City, which is one of the major economic engines of Britain.

All I see here is the usual Brexit tripe which amounts to "Migration bad, Europe bad, everything will just be fine!" But if that were the case, then why were the chief Brexiteers yacking on about ECC membership during the referendum campaign, almost as if they knew damned well that Europe was Britain's most significant trading partner, and loss of open access to the Common Market would be enormously damaging.

Comment Re:resistance is futile (Score 4, Insightful) 180

How many terror attacks can you link to freedom of movement? And the Greeks want to stay in the Eurozone (which is different than the EU) and it is pretty clear Germany wants Greece to remain as well.

And if the Brits had enough of it, how come so many Brexiteers were hanging on to the hope of remaining in the ECC (which, by the way, would still mean some degree of freedom of movement).

Frankly, I think Brexit was just an episode of national pique, and I suspect if you reran the referendum now, with at least some of the ramifications becoming clear (such as Norway objecting to continued British membership in the ECC), Remain would have a solid win.

Comment Re:Not just bitcoin (Score 4, Interesting) 180

It does not have an intrinsic value that makes it worth weighting an entire currency on, and it is, in fact, rather vulnerable to price collapses itself. Both gold and silver have been witness to significant depreciation events, such as when the Chinese Empire began bleeding its silver reserves in the 18th and 19th century.

Metal-based currencies are no panacea, and are highly inflexible, and worst of all, don't do anything to stave off worst case scenarios like recessions and depressions.

Comment Re:resistance is futile (Score 4, Insightful) 180

Except Brussels itself is a construct of all the EU members, and it is the pooled sovereignty of all EU members that counts. This claim that Brussels is some sort of overlord that controls Europe demonstrates a great ignorance of what the EU is.

Beyond that, all but the most hardened Brexiteers would love to stay in the Common Market, which was why they kept talking about how Britain could still remain part of the ECC.

Comment Re:Not just bitcoin (Score 2, Interesting) 180

The fact is that metals-based currencies are far more arbitrary in valuation of a currency than a fiat currency. Why should a currency for any nation be entirely unlinked from factors like trade surpluses/deficits, GDP, interest rates and the like? What is it about gold that makes it so great for pegging a currency to? Saying "gold-backed is better" is really just picking an arbitrary element, giving it an arbitrary value, and somehow that is supposed to be a good way to value a currency?

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