Monthly Archives: April 2013

Reader Mail – 04/21/2013 To 04/27/2013

Adam B commented on Do Disabled Veterans Deserve Respect?.
I disagree with you friend. It isn't the soldier that gives the politicians their power, it is the people of this country who should be held accountable for that. We pay taxes, watch the news, vote, conduct our own research into the validity of politicians decisions (or more likely, not), and it is we the people who "stupidly" turn a blind eye to the corporate political agenda of the politicians we elect. Being a soldier does not inherently make a man stupid or a criminal. It makes most of them young. Young people make mistakes. Unfortunately the information these young people have about war, the military and the government comes from the people around them, and the attitudes and messages that their friends and families convey. You are obviously interested enough in the topics you talk about to do the research necessary to adequately express your opinions in an educated way. But the political efficacy of the people, coupled with the ambivalent approach to the politics of their own country, is where this "stupidity" you write of comes from.

If the young people of this country, relying on the words, feelings and [uneducated] opinions of the PEOPLE of this country (and not just the politicians), join because they believe it is good, just, that it will make their families proud, that it will help them pay for college later, that it's an interesting career — if those young people are irreparably hurt as they undergo the often crippling path to maturity that the military offers — do they not deserve to be compensated by the people who have mislead them? The politicians and CEO's (often simultaneously) are the manipulative center of a complex web that includes the people themselves. The PEOPLE are responsible in their complacency.

Now. Are there men and women who do criminal things while they serve? Of course, as in any job. But is it fair to label them as criminals simply because they fell headfirst into the rhetoric? Do you think that all people join the military with a complex understanding of economics, political-science, international laws, logic of action vs. logic of consequence theory, corporate to rent-seeking, legislative analysis and Geneva protocols??? Etc. etc. etc.

Would you label every citizen in this country who hasn't had the opportunity to go to college, or go to college yet, as stupid? These are complex subjects that must be taught; they are not inherent — and I hate to break it to you, but a general public U.S. out-of-high-school education isn't that good, and many of our young service members only hold GED's.

Finally, until society steps up to the plate, not by military action but through collectively INFORMED action, we share the responsibility for any harms our service-members have incurred. Some may not deserve it, and others may actually have committed criminal acts while they served, but they are the minority not the majority — and certainly not enough to blanket all soldiers as "criminals". Should we therefore cut them all off from help? Help that we are partially responsible for?

The answer is unequivocally NO.

Well written article regardless, and I don't disagree with everything you said.

I know that the government we have today is much closer to a criminal conspiracy than a group of people protecting my freedom. What can I do about it? Voting is a fake choice. It's ridiculous to say that I'm partially responsible for the crimes of politicians. Whenever I work and pay taxes, I'm supporting their crimes. The only strategy I can think of that would work is agorism, but that also has many problems.

Adam B commented on Do Disabled Veterans Deserve Respect?.

I agree with you that voting is an ineffectual contribution from the individual citizen, at least in presidential elections. But higher turnout in state, county and municipal elections can make a real difference.

We are all responsible. My point is that the majority of the population is complacently uninformed, and that undermines the very evolution of humanity you speak of in your article. One of the greatest things that separates us from the rest of nature is the ability to share knowledge and opinions and better, not only ourselves, but each other. Society would not exist without that human quality.

Radical individualism undermines the concept of evolution, it does not promote it. Radical anything, for that matter, should be taken with a grain of salt. You are indeed right that agorism, that radical branch of libertarian ideology, has many many problems.

In answer to your question, however; what can you do about it? Exactly what you are doing, actually. And I sincerely applaud you for it. If more people had the will and motivation to promote that which they believe in, backed up by research and fact-checking in addition to their personal experiences (such experience can, unfortunately, blind those who believe that experience always equals wisdom), and more people applied a rational and logical analysis of that which they see and hear both from other people and the media, society as a whole will change for the better. We may not see the fruition of those changes we start — I doubt if any of the women who began the women's rights movements in the early 1800's lived to see women's suffrage achieved 100 years later. It was the same with slavery, civil rights and every other noble social cause that was at first resisted by a complacent "majority".

I may not agree with everything you write, but I appreciate your honesty and encourage you to express yourself however you believe. I write this merely as a gesture of mutual respect, not as an attack.

— Adam

The difficulty with agorism is the difficulty of finding trustworthy trading partners and starting an underground economy. The difficulty is getting started, and not that market anarchism is inherently flawed. It also is difficult, given that most people are brainwashed to be obedient slaves. The State spends a lot of resources tracking down and stopping people who want more freedom.

One example of a functioning underground economy is the market for "illegal immigrants". Right now, most underground economy jobs are low-wage. I can make a better salary in the State economy, so I stick there for now. As long as I work on-the-books, I'm going to reluctantly pay the tax; I'm not using any of the silly "tax protester" arguments.

It would be nice to see more (L)libertarian politicians and libertarian laws. Unfortunately, the trend is towards more State control. That accelerates the collapse.

One benefit of agorism is that it recognizes that a collapse may be coming. It's a way to prepare. Right now, I can't practice agorism for two reasons. First, I don't know any trustworthy trading partners. Second, my personal circumstances are restricted.

Todd commented on Don't Bother Meeting Headhunters In Person.
I refer to them as Techno-Pimps

They will sell you to anyone that has the cash and turn you out onto the streets if you don't perform

R. Ruggles commented on The Latest uTorrent (3.2.3) Is A Buggy POS (DIsk Overloaded 100% Bug).
I am using the another torrent version. If your u torrent really not work in proper way than you can use my torrent tool, I used the french version tools. I think you can also try it.

Source: Download utorrent french

When I upgraded to uTorrent 3.3, that seemed to fix the problem. However, I don't know what other bugs they introduced.

Joseph de Lange commented on Google Play Demands Google+ Account For Reviewing Apps.
No G+ for me, but Google has so much excellent stuff. However they are getting as control freak-ish as Apple and that is hard to put up with. They also have a way of discontinuing services I like to use, and perhaps it is time to look at a telephone system other than Android.

Unfortunately, Maemo/Meego phones aren't available on Verizon. I've been seriously considering that.

That's one reason I'm reluctant to invest time in learning Android programming. A few years from now, there's going to be something better that blows Android away.

I also was disappointed that Google discontinued Google Reader.

Brodie commented on Bitcoin Bubble.
Right, every transaction is tracked. But they are not tied to anyone. They just say so many Bitcoins were transferred from one wallet to another, but to find out whose wallets those were takes a lot of work. And if one takes enough precautions, they can't find out.

The Bitcoins can be tied to identities later. For example, the police can arrest one Bitcoin user, and then start figuring out the identity of other users. If you own a Bitcoin that was formerly used to purchase "illegal" drugs, you might be accused of "facilitating money laundering".

Anonymous Coward commented on Where Did My Blogging Motivation Go?.
My motivation to write more software has vanished.

Well I planned to write more, but "life" got in the way.

We have more laws than ever in existence. I'm sure the UK has at least 11 volumes of tax code, yet large multinational companies avoid paying corporate tax via shuffling money around. Accountants shuffle between the Treasury and large accountancy firms. The same people write tax law with loopholes than end up working in the private sector.

The government chases little businesses over tax, yet lets the large fish off.

What did David Cameron's father do for his business? Moving money offshore! George Osborne's family use trusts to avoid tax. And there people run the UK government!

Laws don't make good men. Jesus realized this. Listen to him rebuke those in authority over their silly man-made laws that only tie up little people and actually stop them going good.

Where Did My Blogging Motivation Go?

My motivation to work on my blog has greatly decreased. I want to work on my blog, but the motivation to do it isn’t there.

My prescription was changed when I was hospitalized in October. I was changed from Seroquel, which I liked, to Risperdal+Zoloft, which I don’t like. I have much lower creativity on the Risperdal. I hope I can get my psychiatrist to switch me back.

I’m mostly convinced that the drugs are decreasing my motivation to write.

Reader Mail – 04/14/2013 To 04/20/2013

John T. Rollin commented on node.js Is VB6 - Does node.js Suck?.
Haha, PHP morons always resort to auxiliary details like "support base" or nebulous, meaningless crap like being "more mature". Maturity of a technology isn't measured in time, it's measured in *directed effort* over time.

In short, PHP is a bad joke and the only serious attention it deserves is when mocking and laughing at people who use it.

Olivier Bauchau commented on Only Idiots Use Java For High Frequency Trading.
Dear Sir or Madam,

The reason why I am writing to you is that I am a last year Master’s degree student at the Louvain School of Management at the university of Louvain-la-Neuve (Belgium).

As to achieve this final year of academic study I decided to write my final thesis on the topic of “High Frequency Trading”. What has been done so far was to emphasize benefits and controversial misdeeds of this recent trading method by going through the academic literature. Nevertheless, I would now like to support or, to the contrary, contradict my conclusions by collecting the opinion of professionals of the sector.

Therefore I hope that you will agree to answer and/or to convey to your relevant employees my online survey which is located to the following internet link :

If a French version of the survey should be more adequate please find the internet link hereafter :

If you should come across any question please feel free to contact me.

Lastly if it should occur to you that one of your acquaintances may meet the different criteria requested to answer this survey please feel free to forward this email to that person.

With the hope that you will answer positively to my request I thank you very much dear Sir or Madam for your help.

Yours faithfully,

Olivier BAUCHAU.

Student in 2nd year of Master’s degree at the Louvain School of Management (Belgium)

Tel. : +32-478/68.89.45

Email :

LinkedIn :

Are you talking about the Free Keene crowd? The people who start fights with the police over trivial things?

Brodie commented on Bitcoin Bubble.

I am talking about the hosts of who do live in Keene. Ian has been arrested by the police for trivial things yes. Mark has not. TDV is The Dollar Vigilante also. If you don't know about that group, I would highly recommend it.

Anyways, here is my conspiracy theory about Bitcoins and the MSM. Maybe, they are giving it attention, to cause a speculative bubble, so that it will pop, and their hope is people will stop using it because it keeps popping. My other idea is simply they don't understand yet how dangerous Bitcoins will be to the empire, and once they do, you won't hear anything else about Bitcoins in the MSM.

Every Bitcoin client gets a copy of every transaction. That makes it very easy for police to trace. That's a major flaw.

Brodie commented on Bitcoin Bubble.

As she says in the article I posted for you "As a final bit of skepticism, the essay called into question the anonymity of Bitcoin. Maybe it’s true, maybe it’s not, but the world is a checkerboard of jurisdictions and there do exist government in the world which do not care whether their citizens fling these obscure bundles of electrons back and forth. And even within the control-obsessed jurisdictions of the US and EU, people can almost instantly create as many accounts as they want.

Even if they were 100% traceable, so what? The wind is likewise traceable, but tracing it and stopping it are two very different matters."

Esse commented on Bitcoin Bubble.

Glad you are bringing these points up. People have said to me, "If you were truly a Libertarian you would be using Bitcoin!" Well first, I have not said that I am or am not a Libertarian, assuming we can define what that is. But getting to the point, it's simply not private or anonymous at all. Every transaction in history is tracked. Secondly, as I am no cryptography expert, and have not reviewed the source code, and the identity of the people running the system is secret, how the hell would I know whether or not the system is subject to inflation or theft? Also, people are getting huge amounts of their bitcoin accounts robbed by thieves as it is, and there's no police agency that will investigate.

Nothing about it smells like currency, safe, or anonymous to me.

Anonymous Coward commented on Bitcoin Bubble.

The fall in the price of gold from $1700 to $1400 USD by naking shorting in the corrupt paper markets has been prophesied.

Come now, you rich, weep and howl for your miseries that are coming upon you! 2 Your riches are corrupted, and your garments are moth-eaten. 3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days. 4 Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth.[a] 5 You have lived on the earth in pleasure and luxury; you have fattened your hearts as[b] in a day of slaughter. 6 You have condemned, you have murdered the just; he does not resist you.

Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth

Gold does not corrode. A better translation is "cankered" which means morally corrupted. This could allude to the price of gold being destroyed by corrupt banksters.

Anonymous Coward commented on Bitcoin Bubble.

Dr Paul Craig Roberts (former Assistant Secretary of the US Treasury) writes about the attack on gold.

Reader Mail – 04/07/2013 To 04/13/2013

rYAN commented on node.js Is VB6 - Does node.js Suck?.
You think everyone falls into those 3 buckets? "Abused productive", "parasite" and "psychopath"? How about reading less conspiracy theories and getting a grip?

rYAN commented on node.js Is VB6 - Does node.js Suck?.

Not sure what the fuck your point is. You are agreeing JavaScript is a pathetic, worthless piece of shit, right?

Konner commented on Rise Of Legends - No Patch Server! - v2.5 patch.
This saved my day, I was playing it on the version it shipped as, on Windows 8 x64, and there were so many graphical glitches, and the game just completely locks up sometimes. So this is awesome. I actually like this game.

chris commented on NFL Players Are Underpaid For The Playoffs And Super Bowl.
I'll work 16 hours a year for 2 million :) I think they are ok.

Topic NFL commented on NFL Players Are Underpaid For The Playoffs And Super Bowl.

[...] Lastly, I would go as far to say that NFL players are underpaid during the playoffs. There is no financial advantage for an NFL player to make the playoffs. This is because they will make less per game than in the regular season. Consequently, they are risking career-ending injury for less pay in the playoffs. I would like to see team owners give larger bonuses to players for making the playoffs; this would be an incentive to get there, and also payment for increasing their seasonal chance of injury. The in-depth math behind this argument is here. [...]

Anonymous Coward commented on Reader Mail - 03/31/2013 To 04/06/2013.
Elaine Diane Taylor sings an ode to Uncle Ben (Chairman of Federal Reserve) and his nice beard.!

Anonymous Coward commented on NFL Players Didn't Know That Getting Hit In The Head Is Bad For You?.
The Parable of the Workers in the Vineyard comes to mind.

At one level this parable says that if two people enter into a contract then it should be deemed as fair, even if later on other people are given a more favourable contract.

Owners should be able to do what they want with their own money.

Of course you can interpret this parable on other levels.

Brodie commented on Bitcoin Bubble.
Normally I love your posts. However, I think you are wrong on this one. Check out these points for a counter if you like:

Anonymous Coward commented on Bitcoin Bubble.

Our current financial system is run by dishonest, thoroughly nasty clowns whose behaviour shocks the civilized. These clowns hate workers. These clowns hate anyone competent. There are barbarians in pin-striped suits. It is a pity the clown politicians in the UK are so enamored with them. They say the banks provide the government with lots of tax revenue. What a joke? It is just creating money from thin air and any fool can do that. I suppose the trick is to fool ordinary people creating numbers from thin air is somehow clever.

There should be an alternative.

But really there is nothing to stop someone creating Bitcoin Alternative #2, Bitcoin Alternative #3, Bitcoin Alternative #4, Bitcoin Alternative #5 and so on.

There may be a fixed number of Bitcoins, but not the number of Bitcoin competitors.

A quick Internet search has come up with.

Anonymous Coward commented on Bitcoin Bubble.

Hey FSK, the nasty clown banksters hammered the price of gold today.

Any comments?

By the way I still think alternative currencies and commodity backed money is good.

If a nasty clown can create money from thin air, then THE PEOPLE should be able to as well.

It's only a decrease of a couple percent. As I say repeatedly, gold and silver have crushed almost every other investment over the past 10-15 years. Don't look at short-term fluctuations.

Here's a rule of thumb. If Bitcoin and Wikileaks are promoted in the mainstream media, then they aren't that subversive to State interests.

Anonymous Coward commented on Bitcoin Bubble.



> Testnet2 was just the first testnet reset with a different genesis block, because

> people were starting to trade testnet coins for real money

This shows the problem with the system. Although people say the number of Bitcoins is limited. There is no limit to the number of competing algorithmic/mathematical Bitcoin alternatives and competitors.

Having pointed out a flaw, there still should be a money system outside of the corrupt banking and government system.

We do not live in a free market capitalist system.

Brodie commented on Bitcoin Bubble.

Another good rule of thumb is if freetalklive and TDV endorse something, then it is subversive to State interests.

State-Subsidied Five Boro Bike Tour

This story was interesting. The Five Boro Bike Tour is a 40 mile cycling race. The Five Boro Bike Tour recently won a lawsuit, so that it would qualify as a tax-exempt charitable organization. Why does that matter? By qualifying as a “charity”, they receive a $1M State subsidy.

The Five Boro Bike Tour is getting city streets closed for its race. Why is that a problem? The cost of closing the streets and police overtime is $1M. If the Five Boro Bike Tour is not a charity, they must pay this fee. By qualifying as a charity, they don’t have to pay the fee.

Superficially, you might say “Good for them! Why should they have to pay the fee?” The problem is that everyone else pays higher taxes, to pay the $1M police fee. In effect I’m paying $0.15 more in taxes so they can have a free cycling race. You might say “So what? $0.15?” When you multiply it by all the things government wastes money on, it becomes a lot.

If a group of people wanted to steal $0.15 from every person in NYC on their own, that would be impractical. When the government does it for you via taxes, it becomes profitable.

Whenever government spends money for a specific group of people, that isn’t free. All the people not in that group pay higher taxes to compensate. The people who want to participate in the race should have to pay for the cost of closing the streets to accommodate them. If that makes the event not financially viable, then it was a waste of resources that shouldn’t have happened.

Bitcoin Bubble

This story is interesting. The value of a bitcoin in USD had a sharp crash, going from a high of $260 to $130.

Could you imagine a crash of 50% in gold or silver?  There would be a lot of people buying physical, if that happened.  The last time the price of gold sharply crashed in 2008, a lot of dealers ran out of inventory.  The “official” price of gold was low, but there wasn’t much gold available to buy at that price.

I have previously posted on Bitcoin. That led to an interesting flamewar in the comments. There was a lot of hostility to my criticism of Bitcoin. It reminded me of the hostility to my posts on node.js, Stackoverflow, Test Driven Development, Design Patterns, and Ruby On Rails. That’s one lesson I’ve learned from blogging. If a post receives a lot of hostile comments, that’s how I know it’s an important subject and I’m probably right.

I don’t see the attraction of Bitcoin compared to physical gold and silver.  Bitcoin has several flaws.

Every Bitcoin client gets a copy of every transaction.  That makes it very easy for police to track what’s happening with Bitcoin.  If police arrest some Bitcoin users and figure out identities, then they can start figuring out other users’ identities also. BITCOIN DOES NOT PROVIDE STRONG ANONYMITY PROTECTION.

One conspiracy theory is that Bitcoin was set up by undercover State police. They’re tricking stupid people into using an “alternate monetary system” where they can be easily tracked.

The value of a Bitcoin can never be greater than the cost of mining more.  If it was much greater, people would mine more, and drive down the price.  However, due to the “difficulty” adjustment, the more people are mining, the more the cost to mine each one.  Bitcoin can be worth less than the cost of mining more, because it’s a currency with no intrinsic value.  If that happened, people would mine it less. (Some people do mine Bitcoins for free, by using spare CPU cycles on their employer’s computer.)

The sharp fluctuations in Bitcoin’s price is a symptom of a thin market.  If there’s a large block bought or sold, prices can move a lot.

Bitcoin also is useless as money in a SHTF scenario, with no electricity.  Gold and silver would still have value as barter money, although there would be a risk of being robbed.

Bitcoin has another weak point that police can target.  When you exchange State money for Bitcoins, that becomes a regulated financial transaction, with legal restrictions, taxation, and reporting requirements.  Those are the same laws that ruined E-Gold.

I’d prefer a system like Ripplepay, with transactions based in gold or silver, with the right to redeem for physical at any time. Under a ripplepay-like system, each transaction becomes a credit. If A buys something from B and then B buys something from C, A’s credit to B can be transferred to C. Another advantage of such a system is that only people you trust know about your transactions, rather than everyone. If A does not trust C in my example, then the transaction does not offset.

Systems like Bitcoin give alternate currencies a bad name.  Why not keep it simple, and use a system based on physical gold and silver? The only reason electronic money backed by gold and silver failed is that they were ruined by State violence. State laws were changed to make electronic gold and silver illegal or heavily regulated/taxed.

NFL Players Didn’t Know That Getting Hit In The Head Is Bad For You?

This story is interesting. Some former players are suing the NFL, regarding brain injuries they suffered while playing.

The NFL made a lot of money at the expense of former players. However, the players thought they were fairly paid at the time. The NFL has grown in size and revenue, leaving some former players feeling underpaid. The average player now gets paid a lot more than players 20-30 years ago, even when adjusting for inflation correctly.

Another important point is “Seriously? Getting hit in the head repeatedly is bad for you? Who would have ever figured that one out?” Football is a violent and dangerous sport. It’s silly to suggest that former players were not aware of the risks.

The legal system resembles a lottery rather than being based on merits. If you have a vaguely valid claim against someone with deep pockets, why not take a shot?

The NFL did make a lot of money at the expense of former players. However, it’s ridiculous to suggest that players didn’t know that getting hit in the head is bad for you.

Reader Mail – 03/31/2013 To 04/06/2013

On Wednesday, there was a traffic spike for "Time-Warner Cable Gross Negligence". Time-Warner released an update on Wednesday, crashing a lot of people's cable boxes, leading to a lot of Google search traffic for that post. I was recording something Wednesday night, and it was ruined by the cable box reboot for the software update.
VicPopuli commented on About FSK.
I am interested in reproducing your essay "Agorist Philosophy Overview" ( ) on my own blog "Fight the Power" ( ).

Is this essay a current statement of your philosophy or is there a post on this or on your former blog which more accurately conveys your current thinking?

I still believe agorism is the best strategy for fighting State evil. I was planning to update everything in my FAQ, but haven't gotten around to it. Also, I'm not in a position to start practicing agorism myself.

Go ahead and use any content from my blog (this one or the old fskrealityguide one). I appreciate a link back to the source. (Besides, you've used my stuff with citation before.)

I noticed that my blogging motivation has decreased in the past few months. I wonder if that's a side-effect of the change in my prescription? Or, am I just wasting my time playing computer games?

VicPopuli commented on About FSK.

It's funny you say this. I've often thought that internet gamers - accustomed to receiving payments in the form of points/credits, and trading same in their respective online communities - would have the greatest prospect of forming the beginnings of a significant agorist vanguard. In a sense (not intended at all derogatorily), gamers have already succeeded in shutting out much of modern society from their preferred leisure activities; they would not require much more by way of incentive to declare de facto independence from the monopoly state.

There's a big difference between virtual gaming communities, and producing physical goods and services.

Drewsky commented on About FSK.

hey FSK,

i stumbled onto your blog because I am seeking a cure for my red-green colorblindness. For as long as I can remember, I've always wanted to be a pilot, and this is the single thing that's holding me back. You say taking Seroquel cured or partially cured your red-green colorblindness. I'm wondering, does it revert back to color deficiency when you stop taking Seroquel? Or is it permanent even when you stop taking Seroquel for extended periods of time? Thanks a lot. And I totally agree with your view of a free economy. I just read Ayn Rand's Atlas Shrugged last summer and it totally changed my view of politics, economics, etc. Anyway, appreciate a response!

Actually, my color blindness returned when I stopped taking Seroquel. (When I was hospitalized again in Oct 2012, they changed my prescription.)

I can tell because in certain games, such as Q*Bert, I can't make out the colors on certain levels. When I was taking Seroquel, I was able to do it, and now I can't again.

I really would like to see some medical researcher seriously examine this. There may be a connection between Seroquel and color blindness.

gary commented on Facebook IPO - Pump And Dump.
It looks like some of you need to be updated on Mike Stathis' gold articles.

This article contains links to other articles and several gold videos he has created to expose the charlatns like Peter Schiff (check at the bottom where it says related Articles for the videos).

First, note that Stathis advised gold to his clients since 2001 and recommended it in his 2006 book America's Financial Apocalypse, BUT recently has issued warnings in order to help neutralize all of the pumping by the Glenn Becks of the world. Stathis has the leading record in the world on the economic collapse and has backed this claim with a $100,000 guarantee. Anyone who does not listen to what he says is clearly a fool.

"Never pay attention to those who are in the media. The media has a long history of airing fools who confuse you and provide misinformation and the guests will do anything to please the media in order to get invited back so they can pitch their snake oil. The media serves those who pay for advertisements. Ask yourself who advertises on the financial dealers, mutual fund companies, Wall St firms, banks, insurance companies. Get the point? Real experts who can help you are never in the media because the media's purpose isnt to help you, but you exploit you for the benefit of its financial sponsors, or those who buy the advertisements."

The reputable PM dealers like APMEX and Kitco don't advertise in the mainstream media. Glenn Beck is selling overpriced collectible coins at ridiculous premiums to spot (Goldline).

I don't understand what point your making. Are you saying "Convert your worthless State paper to gold!" or are you saying "People who by gold are idiots."?

I don't believe "There's a gold bubble." The increase in the FRN price of gold is merely the inflation rate, very high.

There are a few decent arguments against gold.

1. unfavorable tax treatment (That's why I want a good agorist gold/silver/FRN barter network.)

2. lack of a safe place to store it (Cleverly hiding it in your home only goes so far.)

3. The State tracks all on-the-book PM transactions.

4. poor liquidity and high bid/ask spreads

However, there's a risk of 100% loss in hyperinflation or Cyprus-style bank robbery or getting Corzined. You should own some gold and silver, taking physical delivery. Unfortunately, I haven't followed my own advice.

alexijseptimus commented on Rise Of Legends - No Patch Server! - v2.5 patch.
Thank you for doing this. You are a good person.

Anonymous Coward commented on Reader Mail - 03/17/2013 To 03/23/2013.
>> Where did you pull a "real" inflation rate of 20% - 30%?

> My measure of inflation is very simple. I look at the price of gold.

Tullet Prebon have produced figures for inflation in the formerly great Great Britain.


Tullet Prebon's UK Essentials Index shows a rise since 2007 of 33%, not the official 17% figure.

Another interesting link on insiders withdrawing their money from Cyprus pre-crisis.

Anonymous Coward commented on Cyprus Negative Bailout.

After all FSK's negative posts about cronyism in the USA and Europe, I am thinking of moving to Somalia. I hear they have a stable currency as they don't have a central government printing loads of cash out of thin air.

Wikpedia tells me their economy is actually growing.


> with a projected real growth rate of 2.6%

Anonymous Coward commented on Trolling Karl Marx On The Daily Show.
We need some original thinkers in government willing to try new ideas and experiments.

But that will never happen with our current system.

In the UK the selection procedure for Members of Parliament by the main parties will weed out anyone that doesn't tow the party line.

Income tax is income tax (20) + National Insurance (11) + Employers' Payroll tax (11) = 42%.

Value Added Tax (Sales Tax) is 20% and is applied to luxury goods, eat-in food, hot takeway food, biscuits, fuel.

Council tax is over a 1000 Pounds Sterling a year and not dependent on your level of income.

The level of taxation is 60%.

Not content with that local councils fine people for having dustbins that are too full etc. Parking wardens patrol residential streets looking for builders and vans making deliveries. Then they strike and issue a parking ticket even if a van was just there to unload goods. If the parking wardens don't issue a certain level of tickets, they are harassed by their bosses. This increases the price of maintaining your property. Councils don't care. They just want their pounds of flesh.

Anonymous Coward commented on Trolling Karl Marx On The Daily Show.

We shouldn't forget inheritance tax which is a whopping 40% above a certain level and that level is well below the price of houses and flats in the South-East of England.

And capital gains tax! Tax on dividends. Tax on pensions.

Anonymous Coward commented on Trolling Karl Marx On The Daily Show.

The idiots in government don't realize their excessive taxation is sucking money out of the economy and destroying jobs.

All David Cam-Moron and George Osborne want is to protect the City of London and create another bubble in the housing market.

Tony Blair's Lie-Bor government passed a law saying the competitiveness of the City Of London was more important that obeying laws and regulation!!!!!!!!!

Anonymous Coward commented on Trolling Karl Marx On The Daily Show.

Comments to FSK:

1) Our leaders in the UK may just be as dangerous as your American ones, but at least our Prime Minister and Chancellor have nice posh accents.

2) We are better at fraud that you! Witness Lehman Brothers had to do their peek-a-boo accounting (hiding debts during public accounting periods temporarily) in the City of London rather than the USA. Tony Blair encouraged fraud by passing a law saying that regulators have to consider the competitiveness of the City of London before a prosecution.

Yah Boo Sucks!

We are going down the toilet faster than you!

Trolling Karl Marx On The Daily Show

I saw Jonathan Sperber on The Daily Show. He was promoting his book on Karl Marx.

Their spin was “HAHAHA!! Those communists sure were stupid. Capitalism won!” Actually, the economic system in the USA is nearly a perfect implementation of Communism. Through taxation and regulation, insiders and the government control nearly the entire economy. There’s a lot of free market rhetoric, hiding the various ways government controls everything everyone does.

That’s one reason the economy is in such bad shape. With bailouts and crippling regulations, the “market” resembles a communist dictatorship, rather than a true free market.

I wonder if Jonathan Sperber actually read Karl Marx’s writing. Is he so incompetent that he never read and compared it to our economic system today? Is he a shill lying on purpose? It’s hard to tell. I spoke with one person who had a political science PhD. He said “All of FSK’s free market ideas are discussed in PhD level courses. They are soundly discredited (with the usual pro-State troll arguments). They aren’t discussed at the undergrad level and high school level, because those ideas are so wrong, but everyone with a PhD is required to know them and the arguments against them.” In other words, PhDs and State-approved thinkers are required to know the truth, lest anyone have a deviant thought, and they are also supposed to know the fake arguments against them. Anyone who’s a true independent thinker gets weeded out of the PhD training process.

Liars like Jonathan Spencer are important. They help promote the illusion that the USA is a free market, whereas it’s actually a nearly perfect implementation of Communism.

Cyprus Negative Bailout

This post was very interesting. According to that calculation, the total bailout Cyprus received was negative.

It’s a very interesting analysis. Some of the cash is going to Cyprus’ government and not to the banks. That money is being used to refinance government debt, mostly held by the ECB, which means that the bailout money is going right back to the rest of the UE.

Some Cyprus banks had Greek branches. However, the banks were split into two, the Greek part and the Cyprus part. However, the underwater liabilities were stuck with the Cyprus banks. Greek depositors were paid off at par, increasing losses for Cyprus depositors. In effect, Cyprus bailed out Greek depositors.

Most of the Cyprus bank losses were Greek government bonds. In effect, Cyprus depositors bailed out the Greek government.

This story was very interesting. Some people knew about the Cyprus insolvency ahead of time, and withdrew their deposits a few weeks before the “bank holiday”. Because insiders withdrew their deposits at par, other depositors had a greater loss.

When a Ponzi scam implodes, people who were net beneficiaries have to give their money back to the other victims, ensuring that all Ponzi participants have the same loss rate. Similarly, those insider withdrawals should be clawed back, and returned equally among all depositors. In a non-corrupt justice system, those insider withdrawals should be nullified and the money spread equally among all depositors.

The Cyprus “bailout” may have actually been negative, if you include all the dodgy transactions that happened before the “bailout”, along with all the restrictions that come along with the bailout. Sometimes, banks are “too big to fail” and are bailed out (big banks during subprime mortgage crash). Sometimes, the banks are allowed to fail and depositors lose (MF Global, Cyprus). Whatever will lead to most profit for insiders, is what happens. If insiders are holding all the debt, then there’s a bailout. If it’s non-insiders depositors and investors, then there’s no bailout.

I’m surprised that Cyprus depositors were allowed to lose everything, rather than printing new money and bailing them out. The lesson is that if you have money in the bank, that isn’t a safe investment at all. Why cause everyone to lose confidence in the banking system, just to cheat Cyprus depositors out of $20B? One poster cynically said that it’s a test, to see if the State can rob depositors of their money, without it leading to violence and revolt.