X86BSD

In his speech advocating an open internet, FCC chairman Julius Genachowski calls for adding two more principles to the FCC's current 'Four Freedoms': 1) non-discrimination (no blocking or degrading content due to bandwidth demands or because it competes with other services) and 2) provider transparency. Here are his prepared remarks (.pdf).

The problem with this is, now that FCC has decided it has the power to regulate this aspect of the internet you can bet your first born they won't stop there. This is the problem with government and why we citizens have SO many problems with living life. Whether it is the economy or internet access or jobs. Once the government puts its foot in the door they dont stop regulating until the tear the door off the hinges and rip out the entier wall the door was in with over regulation, which causes the price of said door and wall to sky rocket. This is a BAD sign.

Tom Weber likens the success of Kindle (AMZN) to Starbucks (SBUX), which convinced us to pay $2 for a coffee by creating an environment in which we could actually enjoy it. And the Kindle? It's all about unitasking.

The success of the Kindle?
Hi im earth! Have we met? The kindle isn't even a fad.
A few geeks have one but no one else.
Do you know anyone that even has one? Chances are... no.
It's a novelty that winds up in the closet after a few days of use.
Give me a break. Kindle success indeed!

What's New With the Kindle 2?

There is no mention of kindle sales numbers because it's not selling.
This is the biggest waste of money for Amazon. No one is buying this thing. It's a novelty. Especially for $359. They might as well rename it the Titanic. Amazon Kindle == FAIL.

Evidence That Big Inflation Is Coming

Die keynesians die! Holy god, how much longer and how many more depressions and bubbles will it take before we stab these people through the heart with a wooden steak and KILL their ilk for good? SERIOUSLY can we *please* bring about some sound austrian economics, kill central banking, end fractional reserve banking, and for the love of all thats holy end fiat money!!! I mean this, I implore you, with sugar on top, I don't care if the currency to replace the dead dollar is backed by gold, silver or uranium, but can we pleeeeeeease have a value based currency again. All of this was predicted by the austrian school of economics. Am I the only austrian follower here?

Amazon: What's Behind the Kindle Shortage?

Yeaaaahhhhh I throw my weight behind reason #3. The product sucks and they sold out because they only made 50 of them. Has anyone even *seen* one of these in the wild? Do any of your friends own one?
This is such a novelty device. If you had one you would use once, maybe twice and then it would end up in the trunk of your car or in a box in the attic.

The Fed refuses to grant Bloomberg News's request to disclose the recipients of more than $2T of emergency loans from U.S. taxpayers and the assets it's accepting as collateral. "If they told us what they held, we would know the potential losses that the government may take, and that’s what they don’t want us to know."

The FED is so damn unconstitutional. Can we *please* just end it now? Before the dollar collapses?! Is there *no* sanity to be found in the republic anymore?

The Dollar Gets Slammed

As peter schiff said once the rally on the dollar breaks look out! It's going to collapse after the rally ends.

JPMorgan: Expect Fed to Cut to 0% in January

Disgusting. All of this is disgusting. We are now on a way street to a depression to top all depressions. The ignorant masses of American voters have allowed the FedGov to destroy this country, and its currency.

If the government wished to end this entire mess as quickly and painlessly as possible it would have done nothing. Let the freaking markets ADJUST!

Let prices come down and stabilize the housing market. Let industries and companies fail. But alas as per usual their policy since the great depression which was caused by their wrongful thinking has led to another much worse depression. The dollar will crash this time.

How can the government interfere with and delay market adjustment? Lets see...

*
(1) Prevent or delay liquidation. Lend money to shaky businesses,
call on banks to lend further, etc.

(2) Inflate further. Further inflation blocks the necessary fall in
prices, thus delaying adjustment and prolonging depression. Fur-
ther credit expansion creates more malinvestments, which, in their
turn, will have to be liquidated in some later depression. A gov-
ernment “easy money” policy prevents the market’s return to the
necessary higher interest rates.

(3) Keep wage rates up. Artificial maintenance of wage rates in a
depression insures permanent mass unemployment. Furthermore,
in a deflation, when prices are falling, keeping the same rate of money wages means that real wage rates have been pushed higher.
In the face of falling business demand, this greatly aggravates the
unemployment problem.

(4) Keep prices up. Keeping prices above their free-market levels
will create unsalable surpluses, and prevent a return to prosperity.

(5) Stimulate consumption and discourage saving. We have seen
that more saving and less consumption would speed recovery;
more consumption and less saving aggravate the shortage of saved-
capital even further. Government can encourage consumption by
“food stamp plans” and relief payments. It can discourage savings
and investment by higher taxes, particularly on the wealthy and
on corporations and estates. As a matter of fact, any increase of
taxes and government spending will discourage saving and invest-
ment and stimulate consumption, since government spending is
all consumption. Some of the private funds would have been saved
and invested; all of the government funds are consumed.15 Any
increase in the relative size of government in the economy, there-
fore, shifts the societal consumption–investment ratio in favor of
consumption, and prolongs the depression.

(6) Subsidize unemployment. Any subsidization of unemployment
(via unemployment “insurance,” relief, etc.) will prolong unem-
ployment indefinitely, and delay the shift of workers to the fields
where jobs are available.

The Federal Government is well on their way down the expressway of destroying this country, following their great depression inducing policies.

The best action the government can take is to do nothing! It's the quickest and least painful road to recovery. But what they have done and are doing is going to be SO much more destructive and cause these problems to last soooo much longer.

*Credit to Murray N. Rothbard

Eight Thoughts on the Current Crisis

@aynrand_offacliff

The reason the US took itself off the gold standard is fairly simple. And that reason is because gold limited the funds the Federal government had available to wage its wars, builds its VAST global empire, put military bases in well over half the countries on earth, topple governments, and secure its new empire. Gold is finite, and the US Federal government only had (n) amount of that finite gold. If you only have (n) amount of gold and you need (n+1) you must get more gold.
This of course is a major road block to building your global empire. It's much easier to pile up HUGE deficits and spend all the money you need, to do whatever you want when you have a printing press (the FED) and can just print money out of thin air. This is one of the theories of Austrian economics on having a currency backed by say gold. It limits the ability of insane run away spending like we see with the US Federal government now. I find it laughable these clowns in washington even waste the time to print up budgets. What's the point? They just print money out of thin air. Useless money that is literally only worth the fabric paper its printed on. The dollar is essentially valueless.

Eight Thoughts on the Current Crisis

Another post blissfully ignoring the core of the problem. The FED.
Abolish the FED and make the dollar a value based currency again instead of the debt based currency it is now. I don't care if you back it in gold, silver, uranium, it doesn't matter. Fiat currencies FAIL. The FED creates all of these bubbles and disasters by trying to "predict" the market with inflation hikes and cuts. Interfering with the free market and creating all these damn problems. They create hyper inflation by devaluing the dollar by printing money out of thin air. Good lord is anyone getting the memo the FED is the core of the problem?? And btw we do have an alternative world currency to the dollar, its called gold.

When It Rains, It Pours

Unless the "Socialist takeover" plan involves:

A) The dismantling of the FED and the arrest and charge of those employed by it.

B) The return of the dollar to a value based currency based on gold or silver, or platinum for all I care.

C) The allowance of all these companies to FAIL and allowing the free market to WORK, which it is trying to if everyone will STOP interfering with it, and reduce housing prices from their super incredibly over inflated prices.

Without the above, the plan is no plan at all and will only delay the oncoming destruction of the dollar and the economy as we know it.

5 Failures of SEC Chairman Cox

Wow. I am floored. After ALL that has been said and done to bring us to the status quo of the economy today I cannot believe you people are still not getting it. "It's Greenspan's fault!" "It's Paulsons!" "Bush!".
You just don't get it do you? This is why America is doomed. The people do not understand the problem. As in every other post I have made recently I will break it down for everyone again.

1) The FED!!!! This unconstitutional, corporation with no oversight or auditing which has looted the public treasury long ago, has been printing money out of *thin air* since its creation. In order to break the US economy and control the country. Central banks are the enemy of free republics. Once they control your currency you are doomed. This is not insane ranting it's simple history. You don't need armies to control a nation if you control the currency. The FED is illegal and MUST be abolished. Fractional reserve banking does NOT work and was never created to work. It is used to artificially manipulate the market and control the currency.

2) Fiat currencies == FAIL. Debt based fiat currencies like the US Dollar are utterly, completely, and totally worthless. No debate. Period.
The FED has been printing USD non stop since they were created. Reducing the value of the dollar to less than 0. The dollar is not even worth the paper it's printed on anymore. It's a negative sum game. I beg the people to realize this so that we can move on already! And create a solid value based currency again bringing the dollar back to its rightful place as a meaningful currency with *value*. Then BAN the FED and all Central Banks *forever*. Bringing prosperity back to the United States.

Once these two items are accomplished and the US is back on solid footing then we can move on to getting rid of the illegal institutions that have helped worsen the problem. The FDIC, the SEC, etc have all played a roll in manipulating and and corrupting the free market. But this is only debatable when people come to realize 1 & 2 have been the destruction of the United States. And looking at the comments above it appears the people still don't understand, and will continue to allow the country to be brought to it's knees and beheaded by the FED and a fiat currency. Which is truly sad.

If You Think the Dow Did Well Today, You're Wrong

My predictions:

Monday opens with a massive drop in the market. Thought the several hundred point gain was good? The inverse x 2 or 3 is what I expect monday. Based on? Based on the fact that the market is run by completely insane people at hedge funds and other places who don't do anything remotely sane or logical. And will see the point gain from Friday as "Thats as good as its getting take that gain and sell everything!" Which we will see monday.

Also because no matter what *anyone* says or does come monday. no matter if if the market tanks or rallies again, these simple FACTS remain:

The US dollar is completely, totally, utterly worthless. It is a debt based fiat currency with absolutely NO value or worth. Period. Non debatable.

The Treasury of the US, IMO was ransacked long ago by the FED. Think we still have any gold at fort knox? :)

There is a reason the FED will not allow auditing of its books by Congress or anyone else. Three guesses as to why.

The FED since it's inception has been printing money out of thin air.
Completely out of air. Just flipping on the photo copier. The dollar is now not even worth the paper it's printed on because of the length, duration and amount of bills printed by the FED.

None of these facts are going to change. The dollar will crash just as soon as everyone wakes up and goes "Oh, yeah, thats true." to the facts above. There is no way out of this. There are trillions and trillions of dollars of uncountable derivatives, bad debt, etc that will now start to unwind from this credit mess. And the sooner it does and the dollar crashes the sooner we can move the hell on and finally start the discussion of a new value based currency again, shut the FED down! boot those bastards out of this country, and forbid a central bank ever being created here again.

But seriously, i'm not bitter. Really.

A Resolution Trust Corp. 'Solution'?

*taps foot waiting for the dollar to crash*
Oh.. what? Is it time to admit the FED is unconstitutional, that fractional reserve banking is a *massive* FAIL, and we need to LOSE fiat currencies that are debt based and go back to a solid value based currency like the founders learned after the continental dollar crash?
Seriously this whole bury your head in the sand and defend the current system is beyond tiresome. It doesn't work. It was never designed to work. It's a failure. No amount of throwing gobs of tax payer dollars at the problem to suppress the massive bubble that will be the destruction of the dollar is going to change that. Really gentlemen, can we please just admit it's a failure, move on, and design a value based currency system again. Pretty please? With sugar on top? And a cherry?

Apple vs. Bank of America: When "Whisper Numbers" Come Home to Roost

***WARNING APPL SHAREHOLDER***
I know the Apple haters here will label me a fanboy of Apple. However not only was that beating down they took of 10%! totally uncalled for it makes me realize how incredibly stupid wall street is. How long has this game been going on? Seriously what years now? My dog Isis has caught on to the game for petes sake! Wall street is incapable of any kind of original thought or learning. We all KNOW Apple undercuts themselves in their guidance so they can blow the guidance away. This is not new its been going on for *years* now. Why don't all the "analysts" and "fund managers" just resign. Seriously. This is like watching a child repeatedly touching a hot burner and yet still not learn to stop touching it. "Ow!.. Ow!... Ow!..." Why does anyone listen to these clowns?

If Apple says 1.12 bank on 1.20. It's was laughable 5 years ago and now it's just boring and annoying. Go away Wall St. you are too dumb to play.
***WARNING APPL SHAREHOLDER***