Anonymous asked: The idea quote wasn't by Ron Paul. Do a little research.
Yes it was. Victor Hugo had a similar quote which went, “You can resist an invading army; you cannot resist an idea whose time has come.”
But Ron Paul most certainly said “An idea whose time has come cannot be stopped by an army or any government”
You do a little research.
Anonymous asked: What are your thoughts on mt. gox and the whole bitcoin affair?
Just because I’m lazy, here’s what I had posted on Doug French’s facebook:
Mt.Gox and Bitcoin are not the same thing. This is like a big bank failing, oh, I don’t know, like Wachovia or Washington Mutual, and people assuming that the Dollar had failed.
Yes, bitcoin will take a hit only because the prices on Mt.Gox plunged and some uninformed investors are clueless about the facts and such, but overall, this is a good thing for bitcoin in general and for the long term.
The dollar didn’t fail in 2008 and this isn’t bitcoin failing. This is an institution taking failing and the price of their product, which is available universally, taking a hit due to association. 6 months from now, Mt.Gox will be a footnote.
Anonymous asked: For a person whose only introduction into brown liqueur has been four roses, jack daniels and black and white scotch what whiskeys would you recommend?
I actually had to google Black & White. Interesting choices but based on your prior picks, I’d recommend you try something along the lines of a Macallan. It’s not peaty (smokey) and it’s a highland (which you’ve already tried). It’s also sort of spicy, like a bourbon. Four Roses is okay but Jack is garbage, so the Macallan would be a nice upgrade. A Macallan 10 year starts around $40.
Once you tried Macallan, let me know if you liked or hated it and I can point you in a new direction.
If you’re feeling super adventurous and want to try a smokey scotch, pick up a Laphroaig 10 or a Talisker 10.
Anonymous asked: i thought btc was worth 800
It depends on where you’re buying from. That’s a chart of Mt.Gox, which has basically crashed.
I think CampBX is selling at $550-$600 a bitcoin.
Anonymous asked: "us futures just tanked" forgive my ignorance but what does that mean?
Futures (options, derivatives market, etc) are contracts to buy stocks at a specific future time for a specific time. They are sort of like options. Options can also be seen as a type of insurance or a “hedge” on your current holdings since fulfilling options is, well, optional. Futures are not optional, it’s a contract.
The derivatives market is based upon the stock market since they are “bets” based on future prices of stock market (or commodity exchange) assets. But it’s basically a whole different market of it’s own. And it’s HUGE! Because multiple people can make bets at different times on the same shares.
Some say the derivatives market is around $1.2 QUADRILLION dollars, or bigger than the actual economy of the planet. But I don’t know about that. I don’t think anyone knows the real size (and if they do, they’re not telling), but it’s massive because it’s, in theory, limitless since you can bet on both sides into the future are fractionally small intervals of time.
It’s actually really interesting to read about. It’s also a dangerous game. Even when I was trading full time, I never dipped into the derivatives market because it’s high risk.
read more: http://www.investopedia.com/terms/f/futures.asp
Anonymous asked: Is Scientology as big as they make it out to be in california? like i know that certain celebrities and all follow but what of the common folk
I have no idea.
All I know about Scientology is that I drive by their buildings all the time in Hollywood and my sister’s station supplies them with fuel mainly because they are near her place and they pay money just like any customer.
Anonymous asked: Potentially stupid question but, how will raising the minimum wage affect those who already make that amount? Say it's raised to $12/hourly. I make $12 hourly in my field solely because I have experience and am qualified to make that amount. If raising the minimum wage raises the price of goods (and it does) am I just shit-out-of-luck and stuck making the same wage as those who have no skills? I assume my wages would eventually rise but this would screw me over for a while, correct?
The thing about economics is that we can make predictions, but we can never know for sure until we see how the market reacts. However…
Would you be happy still making $12 an hour when you knew that that’s what a lower skilled entry level employee makes? Probably not.
Would you then ask for a raise? Maybe.
Would someone switching jobs or entering the labor market now ask for more money than they would have when the price floor was lower? Probably.
Would a price floor have an overall shifting impact on all wages? Possibly.
Would employers look for alternatives to labor to control costs? Sure.
Would employers increase prices if costs were to rise? Sure.
So, any one of these things, which is possible, can happen, some can happen in unison, some can happen in order, some can off set others. There might be some impacts or results which I didn’t identify, there might be some which no one identifies and can’t even foresee. But it’s safe to assume that some kind of mix of these things will happen.
Regardless of the exact formula, the end result is somewhere between less employment, less income value and higher costs.
Whether you would or wouldn’t value your labor at a higher price due to a price floor increase and then whether you would or wouldn’t actually act on those numbers and demand higher wages is going to be determined at an individual level, between each employee and their employer. There’s no way I or anyway can make a blanket statement about how the overall market would react exactly.
Anonymous asked: "i.e. if you made $15 an hour and the min was $7, if it goes up to $12" .. no need for history, use current events to compare. Here in New Zealand, minimum wage is already at $12. What you get is higher prices for everyone (food, gas etc costs 2x than US, housing costs 3 or 4 times more) and dumb motherfuckers who are only worth $7/hour essentially getting overpaid at $12. Product Quality is poorer compared to US products, worker productivity is down as there is less incentive to perform better
We have offices in New Zealand and in Australia. People don’t realize that the byproduct of higher minimum wages is a mix of higher prices and lower employment.
But another hidden cost is that imports are taxed at a higher rate. This creates a loss of comparative advantage, which is a very big deal. For example, in Australia, to be a German or Italian car that’s not produced in Australia, you have to pay something like 100% import tax. So you have to pay 100,000 AUD for a car that should have cost 50,000 AUD. That’s a detriment to the people, but this is only one example.
What if a specific medication or medical machine is made in America or Germany and people need it in Australia, but companies don’t import it because of the high cost? This happens all the time, even to the company I work for. We generally have better medical equipment in Hong Kong and Taiwan then we do in Australia and New Zealand because it’s cheaper and easier to do so.
Anonymous asked: what are some of your favorite rums?
I don’t drink much rum anymore, but I used to. The first legal bottle I drank was Bacardi gold and the first illegal bottle I bought (gave a homeless man 20 bucks in high school) was a bottle of Bacardi 151. (PAIN).
I like Appleton Estate reserve. It’s really smooth.
Bacardi & Ginger Ale always goes down smooth.
Cruzan is good.
If you just want to get sloshed, Sailor Jerry or Cap’N’Coke.
Rum’s actually a pretty good alcohol, it’s fun, doesn’t hit the head to hard the next day and it’s tasty. It’s disappointing that there aren’t more choices in rum.
Anonymous asked: S&P 500 futures up 0.2%. Let's see what happens this week...If the FED "surprises" the market on Wednesday by not reducing bond purchases from $75B to $65B, the market will shoot back up. That's all it takes. They will NEVER allow the market to fall by even as much as 5%. Don't bet against the Fed.
I got this question via another social media account and I just wanted to post it and my reply on here.
That’s the point, sir. The more they pump into the system, the higher stock prices go. The “growth” of stocks no longer has anything to do with actual growth in production or increase in efficiency or the creation of value and wealth. It’s all nothing more than a giant pump & dump.
The fed can say that QE is going to go up to $100 billion a month and the market will skyrocket. But is it actually “worth” more or is it simply the price that’s higher and the value of those dollars lower?
Based on inflation adjustment, the market isn’t up, it’s actually below the “peak” and that “peak” was artificial as well, based on Fed and govt policy to dump money all into the housing market. The prior peak was also artificial, based on the Fed’s shift into the tech market and dumping funds and investments into it. etc, etc, ad nauseam.
Now, can the Fed do this forever? Of course they can. Money is digital and based on nothing. They don’t even have to print tangible notes anymore. And as a contained system, the dollar can dilute down as infinitely as the Fed wants to, with interest rates artificially pinned at near-zero forever. The entire American dollar-based system can grow forever as a self-contained monster.
But that’s the catch, it’s not a self-contained monster. The dollar STILL relies on external loans, it still depends on bond/t-bill purchases, it still depends on consumption of American goods and services and it’s 100% depends on all of that happening on a dollar based reserve currency. Without such, the dollar is worthless to the outside world.
And that’s the dangerous part. Sure, we can pretend we’re rich as fuck for as long as you want, but if we’re no longer producing things we need (which America isn’t producing as much as it once did and no where near what it NEEDS) and if we aren’t able to buy and import what we do NEED (since our dollars inflate away value and slip into worthlessness), then what? You have a billion dollars in the bank and I have a trillion dollars in the bank, the dow is at 15,000,000,000 and yet, we can’t buy a single thing. We’re now an African nation with worthless money and little to no means of obtaining products that we want and need.
That’s what real wealth is, being able to purchase. The “value” of money on paper is pointless. The number of zeros to your bank account are worthless. It’s what you can buy with those dollars that matters.
Over the last 40, 80, 100 years (Nixon, FDR, Wilson), the dollar has lost 98% of it’s value. Lucky us, most idiot countries have gone to fiat currency as well. But that’s ending soon. Countries are slowly moving back to gold or shifting to their own currency. What then? We’re stuck. We’re either going to go to war for all the gold others are holding or we’re going to go to war to force others to stay on the dollar system. This isn’t a prediction, this is reality. This is exactly what the wars in Iraq, Libya, Afghanistan, conflicts in Iran, Africa and butting heads with Russia and China and Brazil are all about: Currency Conflicts.
And if you don’t see or have a problem with this system, then I am disgusted.
Anonymous asked: gal godot is far too thin to play superwoman, youre right. she's also israeli
I don’t care if she’s Israeli or Palestinian or Russian or a Martian. People pretend to be things they are not all the time in movies, that’s why it’s called acting.
But the physical make up of her body is nothing like what Wonder Woman’s supposed to be. It’s going to be hard to suspend my disbelief when a 90lbs woman is beating up super villains.
Anonymous asked: But the peoples they gets mean with more money. It's true I tells you that monopoly game be provin' it
Yes, It must be true if young college kids playing a game are doing it.
The car-crosswalk example was the worst. A larger share of expensive cars are less likely to stop? Did he even adjust for the fact that expensive cars make up a tiny slice of total cars on the road? If there are 100 expensive cars and 100,000 cheap cars and 50% of expensive cars failed to stop and 1% of cheap cars failed to stop, which group has more “mean” people.
This doesn’t even account for all of the other variables that I can think of: Time of day, position of pedestrian, lane in which the car is in, speed of car, traffic conditions in front of and behind the car, visibility, etc, etc, etc.
And this idiot works at Berkeley? Puke.
Anonymous asked: if you could never blog again and you could only pick one blogger to represent your views, who would that be?
Good question and I don’t know if I have the answer. Simply because every one on here is similar on a macro scale but distinctively different on a micro scale.
I really like the ideas and theories from Utilitymaximizer but I don’t share his love of anime. but the whole physics/science love thing is there.
I love most all of what eltigrechico has to say and I love comedy and who doesn’t love da booty but I like girls who are a toned and in shape. I’d say Dan is pretty much who I was in college (except a lot more sex. Sorry Dan).
Then there’s Petro anarcho-americana and his counter-culture, aliens, technology and other weird things. And apparently, according to tumblr, he’s in my top 3 of liked posts. ALIENS.
There’s also cerebralzero, who doesn’t post much on the economical side of AnCapism but if you read the few times that he has posted his ideas, the dude completely gets it. Also, guns, guns, guns.
Anonymous asked: So the kids are they half machine and human?????
Sort of. Most of their organs are a nanotech (that I can’t speak) and their limbs and body are composed of self-assembling carbon nanotube blocks with a layer of flesh-like silicone which also acts as the battery and it’s all wrapped in a carbon nano sheet which actually uses a combination of solar energy and also harvests energy from the micro-vibrations that surround them. The joints are made out of this weird goo which needs to be replaced every 10 years or 10,000 miles (which ever comes first). They have this cool machine inside which converts food into oil to lubricate their entire system by speeding up the process through extreme pressure and heat (you should hear them fart!) and then extracting hydrocarbons from their “meals” (the only reason we feed them).
Their brains are the only organic material contained in the system. They are on loan from a “private” collection. The donor wishes to stay anonymous.
I know, not perfect, but pretty damn close.