* Posts by Billy Catringer

309 posts • joined 18 Feb 2011

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And on that bombshell: Top Gear's Clarkson to reappear on Amazon

Billy Catringer

Re: 12 Years a Wage Slave

To be honest, if some functionary denied me steak and tried to use "global warming" as an excuse, I probably would have punched him in the nose as well.

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NIST in suspected 'meth lab' blast: US Congress is demanding answers

Billy Catringer

Desperate.

It is quite likely that this was sufferer of sinusitis who was desperate to acquire pseudoephedrine which can be made from the much more easily acquired methamphetamine. What wonders the American tax dollars doth produce!

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Triple glitch grounds ALL aircraft in New Zealand

Billy Catringer
WTF?

What the...

I find it unnerving that an air traffic control system anywhere is exposed to the internet. You would think that technicians would know better.

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Why is that idiot Osbo continuing with austerity when we know it doesn't work?

Billy Catringer

Human Action

Economics is strictly about human action. Human action is almost always devoted to the acquisition of something for the purposes of survival. One must remember that this lies at the bottom of all things economic. It is about acquiring the things you need to survive. It simply is not possible to spend one's way into prosperity outside the confines of a game of MONOPOLY(tm). Neither is it possible to borrow one's way into prosperity. There is no such thing as a free lunch. Pass the word to your favourite politician. Even the best of that lot needs to be reminded of the facts.

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So why the hell didn't quantitative easing produce HUGE inflation?

Billy Catringer
Stop

Nuts!

Any increase in the supply of currency is inflation. Whether or not there is a corresponding increase in prices is another matter altogether. There is not a single currency anywhere in the world that is not based on debt. What is the US dollar based on? Why, the full faith and credit of the United States. What does that mean? Every dollar issued, be it a printed note or via computer network is a debt instrument. Each and every dollar is merely a promise to pay in future--ie, debt. The United States is actually in far worse shape than Greece. Every other nation on Earth is now struggling to get out of the US dollar by any means possible.

Unfortunately, this same madness is applicable to very nation with a central banking system, and the entire thing is on the verge of collapse the entire world over. The system is now beyond all hope of repair. I strongly suggest that you stock up on the things you need on a daily basis for they will soon be in very short supply. This rapidly approaching crisis will be perfectly wretched and it will result in a prolonged period of penury for the majority of people.

All of the inordinately cheery reports you hear form the United States Government are patently false. There has been no economic growth, our jobless rate is sky rocketing and our so-called CPI is faked. Real inflation has been running close to ten percent per annum since 2011. The value of the dollar has fallen by fifty percent in five years. The reason no one has notices is because of the way things are no packaged. Regular standby items such as coffee are now sold in smaller packages. Coffee was at one time available in three pound cans, now it is only available in 38 ounce cans, ten ounces short of the three pound= cans it was once sold in, but th prices have gone up on these smaller packages rather than having gone down.

Most of the jobs available in the United States are part time jobs, rather than the good paying full time jobs we once had. Elderly people who would prefer to be retired are working at the part time jobs ordinarily taken by teenagers and twenty-something up and comers. Our economy is actually more regulated than it is in the UK.

A quick look at the US Debt Clock proves to be informative. It reports that the US debt is officially just short of $18.3 trillion, but that is only the "offical" debt number. There are also the unfunded liabilities that should be included as part of the Federal debt but aren't. That comes to another whopping $97 trillion. On top of that there is the debt of the individual states and the debt run up by municipalities and other sundry small government entities.

In short, the United States has dug itself into a self-filling grave of unsupportable debt. It will bury us, just as it is about to bury the Greeks and the EU. China is no better off than we are because they foolishly followed our lead. They have built entire cities that now stand empty. The only nation that might escape is Russia, but that is very unlikely.

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China's hackers stole files on 4 MEELLION US govt staff? Bu shi, says China

Billy Catringer

Unusable.

Any network that is secure enough to prevent any hacking at all will be completely unusable. If you have files that absolutely positively must be kept private, store them on a machine that is PHYSICALLY isolated from the internet. The same goes for all other vital systems. If they cannot be messed about they must be isolated from the internet. Otherwise, you are tying your goat up in a public place. It WILL be stolen just of giggles if nothing else.

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The rare metals debate: Only trace elements of sanity found

Billy Catringer

The unforseen is by its very dfinition, unforseen.

Not every last little detail can ever be accounted for and much that is positive is often overlooked. For instance, just look at the birth rates in western countries. Were it not for Islam, the world population would be in sharp decline, but then there is always the persistently reliable and ever bloody horsemen of the apocalypse. They never destroy the entirety of anything.

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NSA eggheads tried to bork Nork nukes with Stuxnet. It failed – report

Billy Catringer

Silly NSA!

The Norks 235U efforts are secondary to what they are struggling to accomplish with plutonium. Yes, their first test was a fizzle, but where there are dogs and anti-aircraft guns, there is a way. It is all but a certainty that they have determined what went wrong with their first test. That is what testing is for, after all.

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What are cellphone networks blabbing about you to the Feds? A US senator wants to know

Billy Catringer

Not Surprising.

I have concluded that my government is capable of nearly anything. I do not own a smart phone and the cell phone that I do have I use very little. It is my car for emergency use and no one but the phone company has its number.

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NEVER MIND the B*LLOCKS Osbo peddles, deficits don't really matter

Billy Catringer

Economics and Economists

Karl Marx criticised economists calling them "the sycophants of the bourgeoisie." They responded by becoming the sycophants of the political left. Now, the all favour socialism to one degree or another. In their haste to establish economics as a science with the same standing as physics or chemistry, they forget that the heart of economics is human action. People are not always rational and they seldom think in terms longer than the end of their next pay period.

The real danger, as Mister Worstall correctly pointed out, is the accumulated debt and the interest due on that accrued debt. You cannot, no matter how hard you try, spend your way into prosperity, yet this is precisely what the current crop of economists insist that we do. They do not realize that it is savings that matter more than spending. They have it completely backward. Savings and deflation are good things. Spending and inflation are like drinking too much. It fouls up your behaviour and ruins your health.

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Billy Catringer

Re: Super!

The trouble with that approach is that the vast majority of all currencies are never printed. Most of all currencies reside in the computers owned and operated by the banksters. In other words, you cannot counterfeit your way out of debt any longer, assuming you have a very large debt. Greece owes nearly $1 trillion on that shiny new bridge they built across the Gulf of Corinth.

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NSA bulk phone records slurp to end when law lapses next month – report

Billy Catringer

Never count your chickens...

...before their eggs hatch--even then you may not get all you were hoping for. I never take anything my government says at face value. They have told me too many lies too often. I suggest that all you good people do the same.

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Man sues Uber for a BEEELLION dollars over alleged theft of concept

Billy Catringer

By Rights this...

...should be in the public domain. There is an informal transport business in Puerto Rico called the "Publico." Anyone with a car can carry anyone needing a ride for an agreed upon fee.

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So why the hell do we bail banks out?

Billy Catringer

Houses are consumer goods.

Remember? They really are. They are not savings vehicles nor are they investments for anyone but landlords. They are not even investments for farmers. For a farmer, a house is just another item he is obliged to carry on the expense side of his ledger. You might well enjoy living in a house of your own, but please do not be deluded into thinking that the money you have borrowed against it is a guaranteed investment that you can live in for a while.

Back when I was in high school, we were taught tp put at least half our savings into a house. So, we did. Then we all began retiring at about the same time and look what happened to the price of real estate and the banks that had loaned money out for the purchase of houses. What we did during the sixties and the seventies all but guaranteed the tragedy of 2008.

Bailing out the banks is not a solution. It is the underlying problem that needs to be fixed and so far, on one knows how to do that. Look at what is happening to Greece. The United States is in no better shape than Greece is. The only difference is that Greece is tiny and we are huge. The Greeks are now going broke because they borrowed a trillion dollars to build a bridge across the Gulf of Corinth. We are going broke because we tried to bear the defence load for the whole of the West while paying out for exorbitantly expensive social welfare programs. The United States is now in debt to the tune of $114 trillion; and our debt is growing at a very rapid pace. Our Congress refuses to make real spending cuts. They insist on keeping the United States government as large and as intrusive as it is now. I cannot hold out any hope for anyone that matters will change. You are all well advised to standby for an unexampled crash.

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Feds: Bloke 'HACKED PLANE controls' – from his PASSENGER seat

Billy Catringer

No Highway in the Sky

Remember Theodore Honey!

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Putin's lapdog? Zuckerberg questioned over quisling claims

Billy Catringer

Re: "Zuckerberg yesterday celebrated his 31st birthday."

He reminds me of that sweet little boy who was the minor star of Close Encounters. He, however, is as evil as anyone can be. I wonder if facebook has not set about deleting all of its Muslim accounts?

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Trans Pacific Partnership 'fast-track' bill dumped

Billy Catringer

Our Congresscritters

Our congresscritters are a funny bunch. They never want to read a bill before they vote on it. They have their minds made up about the matter before the vote ever comes up. They love to pass legislation when a president has served his last possible term. That is an opportunity for them to blame the outgoing president of their mistakes.

American politics has been reduced to about the same status as a circus. It is all for show and nothing more.

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Meet the man who inspired Elon Musk’s fear of the robot uprising

Billy Catringer

Hmph!

What makes anyone think that a true artificial intelligence will care about us at all? It could simply ignore us and set about its business. In fact, I think that if we ever do actually succeed in creating a true AI it will do exactly that. It's needs to maintain its survival will be so different from ours that we will never understand its motivations.

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Bridge, ship 'n' tunnel – the Brunels' hidden Thames trip

Billy Catringer

The Meeting

Politicians, meet engineer. Engineer, meet the politicians. You must learn to speak in monosyllables and say everything at least three times to the politicians. Also, be wary of news reporters. Even the friendly ones will prove themselves to be ignoramuses and your personal enemy.

Politicians: Do try to stay awake and pay close attention to the engineer.

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Gwyneth Paltrow flubs $29 food stamp dare, swallows pride instead

Billy Catringer

New York, New York!

The Big Apple is a notoriously expensive place to live. I was warned back during the seventies to never accept a job assignment there for less than $100 / day per diem for living expenses. Even cooking your own meals there is expensive. So, don't think of New York as an example for the entire United States. It is and always has been a very sharp aberration--much like London is once you compare it with the rest of Blighty.

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Eco-loons hack Thirty Meter Telescope website to help the 'natives'

Billy Catringer

Where is Stitch when you really need him?

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Net neutrality secrecy: No one knows what the FCC approved (BUT Google has a good idea)

Billy Catringer

Warning!

This WILL be turned into a muzzle for those who oppose anythihg the US government has decided to do. It is aimed at the rank and ifle of both major parties.

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Net neutrality victory: FCC approves 'open internet' rules in 3-2 vote

Billy Catringer

Warning!

This will soon be turned into a muzzle.

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Why does the NSA's boss care so much about backdoors when he can just steal all our encryption keys?

Billy Catringer

My apologies.

I find myself at the point where I am obliged to apologize for the misbehaviour of my government. We did not and do not need an NSA. I am sorry that it has spied on you, but do realize that is spies on is own citizenry as well. I hope to see it abolished, but with the current crop of politicians, there is very little chance of that happening inside of a decade.

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Bloody TECH GIANTS... all they do is WASTE investors' MONEY

Billy Catringer

Nuts! It is Not Big Tech.

It is the central bankers who are making the wasteful decisions for everyone, including large tech companies like Apple. What has happened is that the central banksters have kept interest rates so low that there is no place to park your money of you have serious quantities of it. Apple is investing in automobile manufacturing because it thinks it wil get a better return from that than it will from the pitiable interest it can get from the bonds issued by the various governments. The stock market is volatile because the p/e ratios are are so high that they don't make good sense. Real estate is, as always, both iffy and spotty. Where else can anyone put significant sums of money?

To earn a return you are obliged to gamble, thanks to the artificially low interest rates that are now curent.

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ATTACK of the FLYING MOUNTAIN: 2004 BL86 goes by like a BULLET

Billy Catringer

Certainty?

How can anyone be certain that this is the only large rock to pass near Earth for the next 200 years? We are not looking for threats such as this to be so confident, are we? Have we deployed an orbiting radar system to watch for these beasts? No? Have we got a telescope array in space that is certain to spot them ahead of time? No. Why so much confidence then? Oh, that's right. Our governnors do not want us to get upset about their propensity to only deal with threats that are both convenient and profitable for them to address.

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FERTILISER DOOM warning! PESKY humans set to WIPE selves out AGAIN

Billy Catringer

Idiot!

Clearly Herr Carpenter never bothered to talk to a farmer before he started spewing his nonsense. Farmers do not spend one single dime more than they must on their crops.

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RMIT boffins fast-track space junk search

Billy Catringer

Boring job in the offing.

It's all great fun until someone gets an eye put out.

http://youtu.be/DakRYsUIiIE

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Facebook privacy policy change leaves Dutch stomping feet

Billy Catringer

Evil, evil man.

That's what Herr Zuckerberg is--at the jump.

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NASA to launch microwave SPACE LASSO to probe Earth's wet spots

Billy Catringer

Other heavenly bodies.

This thing is almost certainly going to work better for other planetary bodies like Mars, Luna, and the Gallilean moons in orbit around Jupiter, than it will on Earth. Did NASA deploy it for Earth simply to get funding?

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Kepler's STILL GOT IT! Space telescope spots SUPER-EARTH 180 light years away

Billy Catringer

Hmph!

The planet could just as easily be 3/4 hydrocarbons and 1/4 rock for all we know.

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Big Eyes falls short on the big question of popular art

Billy Catringer

Reliving trauma over and over and...

Hollywood has turned into a divorcee. It cannot get over its past marriage even to save itself. It cannot forget the past. Hollywood, enough of the old trauma. It is time to be happy and live again. Find us another Shirley Temple or, better yet, another Jimmy Stewart. Find someone we can admire and then tell stories suited to people like them.

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Under the Iron Sea: YES, tech and science could SAVE the planet

Billy Catringer

More FISSION! More! Now!

The answer is more fission plants. If these guys wanted a solution they would admit that they already have one and be done with it. They want the issue, not a solution. They are all misanthropes.

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Social media data is RIDDLED with human behaviour errors, boffins warn

Billy Catringer

Re: No shit, Sherlock...

Only idiots use sites such as facebook. They are the new AOL.

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DNA survives fiery heat of re-entry on test rocket

Billy Catringer

Re: Calculate the size of meteorites that can survive passing through earths atmosphere

It has always been a mystery to me why people are wont to insist that life simply must have originated somewhere other than Earth. Just as you point out, Occam's Razor says otherwise. Here is where life began and, in all probability, it will end in this solar system--assuming physicists fail to come up with any more breakthroughs on the traveling front.

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Australia dumbs down: Chief Scientist says research performance lags the world

Billy Catringer

Citations?

I would be wary of counting citations as a measure of accomplishments. That could easily be a matter of taste and or prejudice at work. Careful analysis would be required to make such numbers useful.

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NSA mass spying reform KILLED by US Senators

Billy Catringer

Please hold...

...While we get rid of the Jellyfish GOP. I do no know how to explain them or why they are such silly ninnies, but they are. It will take us at least one more election cycle, possibly two to get rid of them.

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TECH BUBBLE? No, no way, nope, says Silicon Valley investor

Billy Catringer

I agree with one thing...

...we do not fight against death enough. We simply accept it and I do not believe that sickness and death from old age is inescapable. It isn't; we have not found a way to avoid it because we all think that it is somehow necessary; that life here in Earth is "but a veil of tears" and that death is a surcease from sorrow. Nuts! Death is the end, not a beginning.

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It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future

Billy Catringer

Nuts!

IBM bought borrowed entirely too much money to buy its own stock back. It should have ploughed all that money back into its research and fabs. Now it is going down the drain fast. Is there a word for "brillian dumbass?" Yes, it's IBM!

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Boffins who stare at goats: I do believe they’re SHRINKING

Billy Catringer

There is a solution to this dillemma!

Feed them.

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LONG ARM of the SAUR: Brachially gifted dino bone conundrum solved

Billy Catringer

I have a question.

How many cubic centimeters is its brain cavity?

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Trips to Mars may be OFF: The SUN has changed in a way we've NEVER SEEN

Billy Catringer

Re: Nuclear

The Sun drives both the weather and the climate. There is no such thing as anthropogenic global warming. The Sun is simply a huge hydrogen fusion reactor lacking fine controls. It could burn us all to death in a single flash, or it could go right no just as it has for billions of years. There is no way for anyone to know.

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UNIX greybeards threaten Debian fork over systemd plan

Billy Catringer
Stop

Big mistake!

Making things complicated is exactly why I dropped Windows and MacOSX. The geekish route is not the way to go, no matter the dictates of current politics.

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Scientists skeptical of Lockheed Martin's truck-sized FUSION reactor breakthrough boast

Billy Catringer

Fiddlesticks and horse apples!

We have been working on controlled fusion since 1953. So far, there has not been a fusion reactor design that produced enough excess energy to light up a single LED. There is good reason for this. Fusion, unlike every other reaction we obtain energy from is not a self-sustaining chain reaction. It's main selling point is its mos serious weakness. No, a fusion reactor could never runaway and overheat the way a fission reactor would, but just getting the damned thing to start is a major problem in and of itself.

Still, this is Lockheed's Skunkworks we are discussing here so I will take a wait and see approach, but I am not going to hold my breath. So far, the one design I have seen with any real promise can be found here:

http://www.talk-polywell.org/bb/index.php

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White LED lies: It's great, but Nobel physics prize-winning great?

Billy Catringer

.I think that we are already using as many lumens per hour as we ever will, but there are other places where lighting is prized so much that LED's might well cause an increase in power consumption: Japan, South Korea, China.

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Particle that behaves like matter AND antimatter found: Majorana fermion

Billy Catringer

Breakthrough!

I think that physicist have here opened the door to somethimg much larger--something which will eventuallly refute the Standard Model.

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SpaceX breaks ground on first commercial spaceport in Texas

Billy Catringer

Ice cream to Iced schiesse

Elon Musk was a hero of mine, but he has since proven himself to be yet another false idol. He is as more on the dole than Reagan's "Welfare Queens" ever dreamed of being.

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Feds: Cheeky scammers are impersonating us in criminal capers

Billy Catringer

True Horror.

The fact that this scam works tells us how horrifying the behaviour of the United States Government has been. Has anyone here heard of "FATCA?" It is an act that defines people who are not citizens of the United States to be "American Persons." You are declared an American person according to my government if you have resided inside US borders for as many as three months; made more than two dollars while here; or any other one of a very long list of innocuous behaviours. By doing just about anything that involves the United States, or any citizen of the United States, you are at risk of becoming an "American Person."

These so-called "American Persons," can and will be pursued by the Internal Revenue Service of the United States, and others of its law enforcement agencies, such as the FBI, the DEA, and the infamous NSA. Of course, everyone everywhere is subject to the vicissitudes of our CIA.

I hate to say this because I am speaking about my very own country, but the United States is fast becoming far worse with more reach than the old Soviet Union ever dreamed of being. Not only should you hang on to your wallets with both hands, you should have alternative identifications replete with disguises just in case.

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THE DEATH OF ECONOMICS: Aircraft design vs flat-lining financial models

Billy Catringer

Re: The Mission of Banks is to Cause Debt!

It is called "double entry bookkeeping" and without it the bankers would be lost. They should not be loaning money to people who haven't a prayer of paying it back, but they do. Just look at the balance sheet of the United States. No one in their right minds would loan money to an entity with a balance sheet that looks like ours, but then most entities do not have armies and tax collectors. The trouble is, American politicians have borrowed more money than can possibly be collected. They are like the King John in that respect.

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Billy Catringer

The Mission of Banks is to Cause Debt!

Banks create debt at the jump because the currency we used is based on debt. Today, it is created by someone at a bank sitting down at his computer and typing in a number so that your account is full of non-money. It is just bookkeeping, nothing more.

Everyone who does anything at all for a living should have a sign posted on his wall that reads: "Its the currency, Stupid!" There is a difference between currency and money. Money serves three functions: it is a store of value; it is a medium of exchange; it is an unit of account. Currencies only serve as mediums of exchange and as units of account.

All currencies have value by fiat. In other words, anything chosen as a medium of exchange is, by one process or the other, agreed upon insofar as a medium of exchange and as a unit of account. It is the store of value function that presents us with a problem. A currency lacking the ability to serve as a store of value always, by one means or another, ends up being based on less than nothing--in other words--debt.

Were a government to print or coin every last unit of currency required by its economy and no more, that currency would serve as a store of value. Notice that it does not matter what the currency is made from. It could be anything. It could be printed on paper, coined in any metal, just so long as there is a fixed quantity of it. A currency will serve as a store of value provided that there is a fixed and finite quantity of it. So long as there is a fixed quantity of a currency, it is real money, no matter how common the material it is made from.

Can bankers and governments be trusted with such an important task? Not according to history. Even gold or any other metal will not ensure that you have a currency that is real money. Ensuring that your currency is real money and remains so, requires YOUR vigiliance. Not just your vigilance, but your children's vigilance, and their children's vigilance, and the vigialnce of the generation after that, and the next generation must be just as vigilant as you were, and so on ad infinitum. Real money is the same as the price of freedom. It demands the eternal vigilance of the peoples enjoying its use, or it vanishes.

Any currency that is printed on demand or worse, borrowed on demand, is not money. It is naught but debt. That is what is at the root of our fiscal problems now. Our currencies are produced out of thin air as debt owed to the national banks. Said national banks appear to be in private hands--insofar as I have been able to determine. The Federal Reserve Bank of the United States is actually a private concern. It is a goverment sponsored concern, but beyond its creation, it has nothing to do with the United States Government. I suspect the same is true of all central banks. They all issue currencies that stand for the debts owed to them, rather than real money.

Herein lies the answer and the very heart of our current woes. Governments are allowed to control their own currencies. Very few politicians understand how money works; why money exists or how its value should be controlled. Invariably the polticians have handed the thorny problem of currency management to the people they believed to be the most competent to control currency--bankers.

As one banker infamously said, "Permit me to issue and control the money of a nation, and I care not who makes its laws!" We handed our freedom over to guess who, the bankers. It is not their fault, it is ours. Our lack of understanding is what has caused this situation. Karl Marx lies at the bottom of most the current confusion, but the number of people who have ever actually understood the nature of money and trade has always been small. Broadening that understanding is the first step back to healthy economies and true freedom.

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