Reader Mail – 08/05/2012 To 08/11/2012

Breogan commented on About FSK.
Hello FSK, I started reading your blog a few days ago. It was really a ground-breaking discovery to me find your older and this newer blog. But there's something I don't actually understand. In a real free market, wouldn't just change the name of the psycopaths that rule publicly? I mean, instead of being governed by the state with the help of their armies, we will be governed by the big companies with the help of their armies, cause they for sure would get one. The first thing to do, before switching to a real free-market economy, should be teaching the abused-productive to defend themselves against the psycopaths, at least this is the conclusion I arrived to. I don't know if you have post about this, I haven't read all the entries. If you did, sorry for making you losing your time but if you didn't I would like to know your opinion on this subject.

PD: English it's not my native lenguage, I apologize for the spelling and the syntactic mistakes

In the present, evil people rule for several reasons. They have the ability to collect taxes, to fund their activities. They have a monopoly for police, lawmaking, and "justice". People have been brainwashed to believe that this is legitimate and necessary.

Without a government monopoly, if people start abusing their business, then I can start a new business that competes with them.

Right now, If I try to form a less-corrupt police department, I won't get customers. It wouldn't be a profitable business. People are already paying for State police via taxes. They wouldn't want to pay again for my services, and they don't have much money left over after taxes. Also, I wouldn't get the "sovereign immunity" perk that State police get.

In a really free market, if a group of police start abusing their power, then some people will start a competing police business.

If someone tried to form a new government, they wouldn't have the ability to force people to pay via taxes, and it wouldn't succeed.

If there's a group of people that have the power to force people to pay taxation/tribute and buy their services, then those people are the government.

If you have a couple of large groups, each trying to acquire a violence monopoly, then you have a civil war. This is what's happening in Somalia. Also, the fighting in Somalia is funded externally, by people trying to impose a new government.

It also requires some education, so that people don't stupidly try and form a new government again.

A government monopoly is an unstable equilibrium, due to increasing corruption. A really free market would be a stable equilibrium.

It's a completely different perspective, compared to what you've been brainwashed to believe. It hasn't been tried before. If you think about it, it would work.

The biggest problem is that, if you do try and start a fee society, there will be violence against you by the people who claim to own you. All land is claimed by some government. There may be more small groups of free people, as the State economy collapses.


Justin commented on Techdirt - Successful E-Book Publishers.
Make sure to market it :)

Anonymous Coward commented on Computer Illiterate Headhunters.
I wrote a software product and sell it myself.

Obviously it took sometime before I was confident it actually produced a stable, real, consistent income. Ironically I am more secure than I ever was working for evil, sick clowns.

It took me some time to realize that the more successful my software is, the less likely someone is to employ me!

If I was a failure I would more easily get a job.

I did go on quite a few interviews. They were all a waste of time.

The worst one was going to a Swiss bank. I got 100% in one of their written tests. I made three trips to their offices. Again their face-to-face interviews consistent of a barrage of technical questions for about an hour.

At the end of it all, one interviewer who had never spoken to me before, glanced at my CV (resume) and then said as I had 5 jobs in 10 years, I couldn't be hired!

What a complete waste of my time! They have my CV right at the start.

Anonymous Coward commented on Computer Illiterate Headhunters.

Ironically the same Swiss bank purchased my software a few weeks before my interview!

Anonymous Coward commented on More Propaganda Tricks - Andrew Stoltmann And Tim Ryan On CNBC.
> Lehman Brothers committed Repo 105 accounting fraud leading up to their bankruptcy.

I vaguely remember something about this being discussed on The Keiser Report.

I'm not sure whether this relates to Lehmans, but the law is different between the USA and the UK. Repo fraud (peek-a-boo accounting, hiding debt during the public accounting periods and then bringing it back, pushing debt to other banks temporarily) is legal in the UK. So Lehmans may have done their dirty laundry in the City of London where it is legal.

A friend of mine mentioned Lehmans moved money outside the UK just before they went broke. Is this legal? Should Plod be feeling some collars?

Anonymous Coward commented on More Propaganda Tricks - Andrew Stoltmann And Tim Ryan On CNBC.

Apologies to MK, but I think FSK is being too hard on Lehmans.

Without fraud there would be no economy in the City of London.

"If you won't stop the corruption, can I at least have a cut of the pie."

Lehman asked a bunch of different lawyers for an opinion letter, saying that the "Repo 105" trick was legal. A whole bunch refused, until they finally found a lawyer who said it was OK.

Anonymous Coward commented on More Propaganda Tricks - Andrew Stoltmann And Tim Ryan On CNBC.

The USA lawyers said no. Lehmans had to ask United Kingdom lawyers to sign off on the dirty stuff.

Don't begrudge the UK its financial fraud. Without the fraud there would be no UK economy!

But just think of all the tax revenue bank fraud creates for the UK government!

Do you think fraud and theft could be a good thing!

Anonymous Coward commented on More Propaganda Tricks - Andrew Stoltmann And Tim Ryan On CNBC.

It was a UK lawyer that said it was OK.

Perhaps I should explain UK law to you as you seem confused.

Several months ago there were riots in the UK.

The judges cracked down hard. People were sent to prison for small crimes such as stealing a bottle of water and trying on some clothes a flatmate had brought home. Yes, trying on clothes in your own home someone else had independently dumped there is now criminal!

Yet if you are a banker and steal billions and trillions you are let off.

I'll let Max express our disgust.

http://maxkeiser.com/2011/11/06/stfu-cameron/

It seems our police had their search warrants declared illegal when they raided the premises of Vincent Tchenguiz involved in the crash of the Icelandic banks. See

http://www.bbc.co.uk/news/business-19062414

It must be nice to have the high court agree with you. It must be nice to have so much money.

Vincent Tchenguiz borrowed £100m from Kaupthing bank bank shortly before its collapse in 2008.

Yet steal a bottle of water and the UK courts will hit you very hard.

Take up a part-time job paying a small irregular income of about 300 UK pounds a month and the judges will jail you in the UK over housing benefit fraud.

Yet taking 100 million pounds is perfectly fine.

This was a good post on some other disinformation tactics.


Someone submitted this post to reddit/r/Anarcho_Capitalism. It was user "ParahSalin".

She also submitted my post on Andrew Stolzmann and Tim Ryan on CNBC.

I don't waste time promoting my blog on Reddit. There are groups of people/sockpuppets who upvote each other's submission, and downvote others' submissions. It's very hard for a "non-approved" post to reach the top.

Another defect of Reddit is that posts have a very short lifespan. You'll get traffic for a few hours, but then no more. If I post a comment on Reddit, by that time, most people have already read the thread and moved on.

Reddit has a serious flaw. They rank posts by "# upvotes - # downvotes". If the majority of people strongly disagree with an idea, it'll be harshly downvoted, even if it's something I'd be interested in.

Also on that Reddit thread, someone asked:

>How does Lowe's benefit from State violence?

Retail is a heavily leveraged business. The Federal Reserve keeps real interest rates negative. Large retailers get to borrow more cheaply than small retailers.

Lowe's indirectly benefits from the State central bank and monetary monopoly, via cheaper borrowing costs.


Anonymous Coward commented on Only Idiots Use Java For High Frequency Trading.
I mostly agree with you. I started programming in C, did a vast amount of programming in C and still have fond memories of it.

But... But...

For some types of software, doing one type of work in an inefficient matter actually doesn't effect the speed of the overall software. I seen this first hand myself.

When I started out programming, I wrote a program in C.

A few years later, I rewrote the same software from scratch in Java.

Because over a long period of time I had seriously thought of efficient way to do certain things, my Java software was faster than my C software. The nature of the software was a complex algorithm.

Then I waited a few more years and rewrote the Java program in compiled C++ as a modern Windows piece of software. It was much faster still. But really as far as the user was concerned the speed of the Java was as fast as necessary.

I am not saying you are wrong. In fact I mostly agree with you.

But it is not the whole story. The same software can be faster in Java than C, even if written by the same person as I have proven. The reason is the design and algorithms got much smarter as the person matured.

Anonymous Coward commented on Only Idiots Use Java For High Frequency Trading.

For example Microsoft say Early Binding is faster than Late Binding.

However in practice, it doesn't matter for a big piece of software.

The speed sinks will be elsewhere.

I have seen this first-hand myself.

When I go on an interview, I also evaluate the intelligence of the interviewer. For the C/C++ jobs, the interviewers seem more intelligent than for the Java jobs.

A bad implementation in C is worse than a good implementation in Java. Assuming a skilled programmer, C/C++ will always be faster than Java.

Someone might say "Why not assembler?" For a high-frequency trading program, assembler might be worth it. If you're trying to get a fraction of a millisecond faster, C/C++ with assembly may be best.

Tony commented on Only Idiots Use Java For High Frequency Trading.

LOL! That's just awesome!

I can just see it now - some MegaBank is running it's Java based HFT software to trade the market - and the JRE decides - it's time to do some massive garbage collection!

... 2 seconds goes by ...

... various people's limit orders get activated ...

finally, the garbage collection completes, the HFT tries to resume it's trades - meanwhile due to the limit orders, the stock price is now much higher than expected - and the MegaBank is out MegaBucks.

Seriously, if you interviewed at some place that was using Java for their HFT algos, DON'T SAY ANYTHING, in fact - just agree with them - maybe even give them tips on how to improve their Java (like how to add a nice GUI to their Java so that it will be easier to configure and use - lol).

If they don't know any better - just let those bastards rot. (Any job you could get with them just isn't worth it, if they're that stupid. It's way to difficult to try to educate them, so don't even try - just let their own incompetence destroy them and move on).

LOL - your blog post today just brought a huge smile to my face - there is Justice in the world. :D

Anonymous Coward commented on Only Idiots Use Java For High Frequency Trading.

One of the reasons why my software had good sales for a number of years and eclipsed all of the competition for almost all time up until a year ago, was that in my area there is a certain type of operation that is very, very slow.

Almost by accident one evening I picked up on the right thing to do to make something that is slow, very fast. Microsoft actually don't provide any documentation on this area. I had to experiment.

Anyway the slow type of work is slow in Java, C, C# and C++. All languages equally suck in this area. If you know the trick, the operation becomes magically fast in whatever language.

Your compiled language and technology isn't the be all and end all of it.

Anonymous Coward commented on Only Idiots Use Java For High Frequency Trading.

I actually visited the offices of a hedge fund in London on four different occasions for interviews!

They use Java.

Despite actually doing well technically in the interviews, I didn't get offered a job for the silliest of reasons.

During my last interview, the interviewer casually dropped into conversation they work 60 hour weeks. I have in the past worked many 60+ hour weeks. I don't remember what my reply was at the time, but I either said something non-committal or made no comment.

After the interview, the smarmy recruitment consultant telephoned me on my cell phone as I was walking down the street. I really wasn't in the mood for a conversation with a smarmy, pushy git at that time as I wanted some time to wind down after a barrage of technical questions.

Anyway the recruitment consultant asked me what I thought of the position. I replied that I wasn't quite sure as they said they work 60 hour weeks.

The smarmy guy hung up and then rang me back. He told me they don't work 60 hour weeks but the comment about 60 hour weeks was a trick question and I had failed it. Hence I wasn't being offered a job!

Oh yes, during the interview, the main technical interviewer spoke for about 30 minutes solid on garbage collection. It was getting tedious. I much prefer to read a book that listen to someone else. Anyway I think I was looking a bit bored after his 30 minute monologue. He then attacked me for not being interested in efficiency.

I then replied I had written the fastest piece of software in my field and am currently selling it on the Internet. I told him anyone could download a trial version of my software and see for himself/herself that my software is fastest than all the competition.

Anyway this seemed to stop the guy attacking me.

Anonymous Coward commented on Only Idiots Use Java For High Frequency Trading.

There is another side. I once knew a clown who believed that software developers were interchangeable idiots. He believed if you only found the right combination of language, technology and library, then that would do all the work.

He wasted all the time looking for this magical combination of languages and libraries.

I knew all long that a programmer trusting his instincts and himself and making the right decisions would trump.

He was wrong.

I was right.

Tony commented on Only Idiots Use Java For High Frequency Trading.

What you're referring to is algorithmic efficiency, and this requires an intelligent programer to come up with something efficient and quick - works well in all languages - can result in 100x or more speedups of slow problems.

That's worth a LOT. Companies don't understand it, and won't pay for it. It requires an intelligent programer to create it, and other intelligent programmers to NOT SCREW IT UP. :D

Companies like to hire interchangeable workers (cogs) - that way, they can budget how long something should take to do. Intelligent workers are not interchangeable - it's not what you're paid for. :D

Worst part of intelligent workers - they usually command premium salaries and bonuses, and are not easily replaced. They also have trouble with being tasked to do stupid things (ie: hard to control by their less intelligent and higher paid bosses, who have trouble justifying their own existance - it's their job to ensure that their workers are easily interchangeable). :D

That's how the "machine" works :D

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