436800+ entries in 0.158s
mircea_popescu: Why not halt the trading for start and provide a way to work this out between investors and those thieving scumbags at BitVPS."
mircea_popescu: "There are many options. Delisting and telling everyone to just fuck off is exactly what can be expected form a narcissistic fucktard like Mircea Popescu.
mircea_popescu: but otherwise, it's the same as any imploding rogue state.
mircea_popescu: if they keep it going for just a little longer the top people can finish getting out
mircea_popescu: now, understandably the political decision was made that this wouldn't be acceptable. but this is a purely internal affair of the us. i can sorta see why they thought this too :
mircea_popescu: now, the average american trying to live on 400 bucks a year would be a funny sight indeed.
mircea_popescu: making us average salari about 400 bucks ? a year that is.
mircea_popescu: you're forced to adjust their income to the real level.
mircea_popescu: if you stop pretending like what they're doing is useful,
mircea_popescu: the average american citizen uses up about 20k worth of resources a year.
mircea_popescu: it would just force a much more unpalatable "taking down a notch"
mircea_popescu: they can get away with it because the gap between their real gdp and their nominal gdp was small
mircea_popescu: as far as i understand, the iceland thing was simply : banks are a private issue, the state does not back banks. figure it out.
mircea_popescu: so, let it go back to where it has to go, rather than try and pretend for a coupl;a more years
mircea_popescu: there is literally no limit to human suffering and hardship. none.
mircea_popescu: rents go back towhat they are in the 3rd world and so on.
mircea_popescu: salaries go back to the economically warranted 5-600 usd a year
mircea_popescu: and in any case you're too stupid by now to do anything useful anyway"
mircea_popescu: and if given a chance you will steal and idle rather than do somethinguseful
mircea_popescu: welfare does not work, what we were trying to build doesn't work
mircea_popescu: it's just ego. no us politician can actually man up and say "listen, we fucked up. we were wriong.
mircea_popescu: so it's not really a "should have". more like a, that'd have been retrospectively the correct path
mircea_popescu: i can see why they tried, at the time, and why they couldn't stop, after they tried.
mircea_popescu: and people didn;t want to argue with them for the obvious reason of publicity.
mircea_popescu: sure, there's exception. too much molasses around them to have a chance.
mircea_popescu: this incidentally is exactly why i wouldn't buy the whole us for five bitcoins right now : pretty much made up entirely of this sort of stupid.
mircea_popescu: but i am kinda amused at the newb krugerite coming here and giving me advice about mpex and then getting offended when i don't happen to share his ignorance of economy.
mircea_popescu: i'd be willing to take bets that by 2015 the us economy will actually be smaller than germany's economy.
mircea_popescu: and for that matter, i too can write 10000000000000000 dollah on pieces of paper and trade it back and forth with the girls
mircea_popescu: if you make a huge company "producing" "art" you will fail too
mircea_popescu: and isn't dhs the dept of welfare i mean human services ?
mircea_popescu: the delusions to the contrary are actually part of the "sad".
mircea_popescu: really sad to watch (from a safe distance, blesfully) what's happening to that country.
mircea_popescu: but it's mandate legally is exactly that : to dismantle the tsa and go away.
mircea_popescu: right, it works in practice as a sort of soviet commisariat of the people's soviets bla bla
mircea_popescu: their job is pretty much getting tsa dismantled already and then going away in the sunset.
mircea_popescu: nyRednek the point is the homeland security thing has no business discussing this, or pretty much any other matter.
mircea_popescu: are they coming up with those booklets on spouse selection already ?
mircea_popescu: why thanks very much to the dept of who the fuck asked them