We just quit regulating

As if our financial safety was not as important as health and welfare? We convinced ourselves over decades that it was ok, to not understand the implication of serious change to regulation.

Let me put this in medical terms. Regulation is our immune system. America has financial AIDS. Normal healthy companies are viewed as destructive. Destructive products are views as healthy. This is what happens when you remove or ignore the rules of structure.

If you want to gamble, go to Vegas. Do not take our livelihoods as the basis of the gamble. A company like GM cannot take the stress of marketing its product and marketing its stock. Other people (Other than GM's board) were given authorization to create product involving GM stock. These products had nothing to do with GM's product line.

The reason sports betting is allowed is because you cannot not bet on the shop. You cannot go to the Mirage and bet on the Mirage. You bet the game with cash. You cannot bet with credit. Yet this was allowed in brokerage houses.

There have been two camps; Those who wanted fewer rules and those who wanted fewer regulators. In 2006 we finally reached the pinnacle of this insanity.

This is a report on Glass-Steagall from Frontline : A chronology tracing the life of the Glass-Steagall Act, from its passage in 1933 to its death throes in the 1990s, and how Citigroup's Sandy Weill dealt the coup de grâce.

Games that have few rules allow for/require, more and more volatile failures. These failures will continue to get worse until they are monitored by enforceable rules. All forms of derivatives must be removed from the market. Derivatives are good information, they are not good product. The people who create the derivative have no fiduciary responsibility to the company on which the product is based. Whereas the people who create the value to the company stock do have a fiduciary responsibility to the owners of the company.

A system with few rules is so boring, people will not play. American Football is a game of rules. Everyone must play to the rules and ignorance of the rules is not allowed. What the hell is a 'false start' in Rugby? Americans love the game of Football because of its rules. But even rugby has rules. Rugby is a riot with rules. Without the rules it is just a riot.

I could not allow people who were trying to circumvent the rules to continue. Beyond regulation is reality. We use rules and regulation to curb/alter the effects of reality. Reality is brutal to the ignorant. I don't care if you choose to be ignorant. Just don't be surprised when reality slaps the shit out of you. You don't want to ever know reality.

It is known that financial jobs are already lost. This last spike in the market showed that the system can handle the loss of the human moderator. That is the difference between 1987 and this spike. The system corrected the change in rules with minimal failure.

It is known that all the rules based computational systems saved the system from human fear. Information and rules protected the system, especially when the humans enacted NYSE special rules for their own benefit.

Those who market the human interaction will not have a way to justify their existence. We will lose more jobs but we will have a stronger system for this loss. I don't care if broker/dealers have nothing to sell. You only need a sales person when a product does not justify its own existence. Thus sales persons are to be replaced by media and user interface tutorials.

You in the financial community may need to clean oil off birds with soap, so you can eat.

It is not necessary for the financial community to exist. We have created Ted Stevens' dream, a 'series of tubes' to replace you. It is already complete and tested. You, the financial executive are as relevant as the Dewey Decimal System. The only thing left to do is replace the human error. That will happen on its own, human error cost too much for business or even sovereign debt to support.

New oil technology testing

I do feel the President could have lined up some innovators to test oil removal technology. Look at this. It can remove n gallons of oil. Be it a hair boom, bubble oil/water separator, no chemicals necessary. This is a density problem.

Show us how fast this is being cleaned up, now. Then show us how this American technology can be used to clean it up faster, safer. Set up a site to attract innovators and designers. There are people who have prototypes available. They have working tests.

We need these systems placed on boats. We need to capture the oil and bring it ashore. Stop burning it. That does nothing good.

Small nuke for a plug

Your ignorance does not preclude the usefulness of the Low Yield Nuke. A low yield nuke is far more dense than the mud so it will fall down the current hole. Most of the mud is now being forced out of the top by the back pressure of the well.

If this is dropped several hundred feet into the well it will collapse the well into a plug.

Fitch rates Spain AA+

According to this Spain is still an 'A'. When are we going to start seeing 'C'?

So now there are two ratings; AAA+ and AA+. There may be a minus in there, somewhere. If your country is not AAA+ then you are falling into riots, bank defaults, tea parties.

Lets see some transparency in rating system. This problem is what got us here in the first place. We should take care of the fake rating system before we default, again.

Goldman, Settlement?

Goldman offers a billion dollars. The U.S. Government says, 'Na, we will take 691 million.'

These people created trillions of fraudulent sovereign debt bonds based on faulty U.S. mortgages.

They should go to jail!

This is not a serious attempt by the SEC to enforce the law.

Plug for Gulf Oil Leak

Since BP has refuses to use new technology designed and built by Americans.

Use White Phosphorus on a timer delay thin solid fuel rocket fired into the well.

The WP will heat the oil and silica to form a large plug. The explosion needs to be big enough to dislodge several hundred horizontal feet of sand. This will continue to burn WP for several hours. If WP does not work then use a low yield nuke. BP will not want to do this because it might irradiate the oil.

Still, this is better than what BP is doing.

But lets look at what BP has declined to use; Hair Booms, Bubble density oil water separators, vacuum systems...

President Obama, please take this catastrophe away from BP. This will take 10 years or more to remove the oil. BP refuses to even look at these new ideas. Let the developers of these new systems show up and bill BP.

BP has set the oil on fire. They have dumped toxic chemicals on the oil. They even suggested using trash and golf balls to fill the hole. Come on.

I think you should attach lead weights to BP executives and throw them overboard until they plug the giant hole they drilled.

Animal Spirits

So the stock market is now being run by Animal Spirits. Lets get naked and dance around the totem pole.

The next system

The next system

Requirements:
1:1 Capital Requirements

Only products available to consumer
Stocks
Bonds
Options
Puts and Calls

Banks can physically trade currencies.
Currencies are commodities. If I want to take a trip to Europe. I can go to the bank and buy Euros. I must take possession of Euros; Debit card or cash

All Derivatives or products that do not have a 1:1 capital requirement, must be removed from the market. ETFs, funds, LBOs

We are still in fibrillation

There is no reason for this market to be moving up. Are we prepared for an arrest?

Capital Requirement

Capital requirements are to be 1:1

You cannot leverage any type of trading.

I wonder how visa feels when it pays a debt in a casino. Will it ever get its money back?

You still don't get it. The Interest Rate must be at %20+. We must stop these people from making money on fake transactions.

It is not Options trading that caused this problem. It was Derivatives.

Goldman to pay a billion to settle, Fuck off

The liars at Goldman and other investment banks knew what they were doing. I cannot accept they were so inept that they did not know the effect of their fraudulent and greedy actions. They destroyed our economy. They broke fiduciary laws.

So you want to return a billion of the 10 trillion that you stole. Finders Keepers. Fuck off. I hope they jail all your asses. I don't care what happens to you. You broke the known system. You have created so much long term damage. You have defeated the faith and credit of the American People. As far as I am concerned that is treason. And were at a time of war. Who knew.

Please do not settle for anything from Goldman and others. I don't care if they make a profit. I expect the system to work for all. They cannot be allowed to walk away with $9.999 trillion of our money.

Goldman, Always protect the lie.

To:
Jim O'Neil, Goldman Sachs.

Do you really think the Euro is going to be stronger in a year? Germans have more personal debt then Greeks. Other than the trillion dollars taken from our economy, How do you see them making more money? What new ideas are coming from Euro-nations that will strengthen European sovereign debt?

The shit you sold them in the form of sovereign debt . When they default, this will mean they understand, you sold them shit. It does not mean they cannot pay the debt back.

You sold them debt that was knowingly improperly rated. You and yours caused this.

The beauty of this is that you cannot place your problems on other people, anymore. I will make sure that the people will not pay for your disaster again. Goldman will lose everything to pay for this fraud. The people of America won't. America does not need you to exist.

You are losing your secret systems. Even worse we have replaced your secret systems without you knowing. Anyone can do better with Scottrade, E-trade, or Options Express... The one thing our systems can not do is fuck-up the world economy. Your secret systems have repeatedly caused bubbles, crashes, wars and poverty. The system we built does not allow secret systems to exist in the real system.

You are betting on second, third, and fourth derivatives. This is like string theory. It contains many imaginary dimensions. Goldman Sachs sold third derivative products as full bonds.

For example the VIX is a second derivative product. It is the change of the value of the basic wealth of the objects involved. What these guys have done is created a product that is based on the change, in the change, of the value of the Full Faith and Credit of the people of the United States of America and sold it to other countries. Only the Senate can ratify treaties. Except Goldman.

Bloomberg deals with the bloggers

That was a sad commentary. Kids are going to lose their virginity because of bloggers? Really. We are having the largest economic collapse and this dude is worried about teenagers having sex. Sell them some condoms and make a buck.

Come on.

That Thompson dude was an idiot. He seems to be a lawyer, trolling for fools to pay him money to fight free speech. A battle he knowingly could not win.

If an individual or a group of people independently find that a propriety device made by, let say Pig&Grunt, is dangerous. Then they are allowed to discuss their findings with whomever they wish. That is the freedom of speech.

If your company secrets are so important. Then put them behind a firewall. That is why we built firewalls.

It is not like we have regulators to protect us. If I trusted the regulation system then I would not have this issue. Regulators use to be the best and brightest of all of us. It took a dozen idiots to manipulate a regulator. By the 80s, smart people were removed from regulation.

You actually think you can stop people like us? Especially with people like that. I took down the gravitational model of physics. I made sure Schwartz and company did not destroy our ability to produce new innovation. I am glad to see innovation expand. I am glad to see Oracle bought Sun.

We have seen civilizations die because people did not learn or implement the lessons learned. These bloggers make sure that these lessons are learned. Bloggers are the new regulators.

Bloggers are regulated by being correct. If a blogger bases an idea on a false premise then the nature of the internet destroys that incorrect premise and the blogger. If you can disprove what I say then please print it.

If your secret is that your product harms babies. I would do anything to help those mothers. But the mommy bloggers seem to be doing well on their own. They will destroy P&G or P&G will conform to their needs. P&G does not know what their customer wants. A product that does not harm the user. The users are talking about exactly what they want.

Aaron Guerami
http://aaronsreality.blogspot.com

Commercial Bank Lending

Distributed Economics

This is a good article on Commercial Bank Lending and the money supply.

ETF Gold

Gold ETFs

When you own Gold ETFs, you do not own gold. You own the paper wrapped around the gold. How much is the wrapping paper around the gift, worth?

The more gold is worth the less you are worth.

Fees on Debit Cards

You people are really trying to destroy the economy with your ignorance. You are making this economy worse. You will decrease the usage of the system. You will increase usage of real cash.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aGVnSC6fA1uo
Credit:Peter Eichenbaum - Bloomberg

When did The Senate stop looking 25 years in the future?

At a penny, the owners of the system are making $10 billion a day. The system was designed to cost .0000000001c per transaction. The actual charge of the system is .0001c per transaction. You are already making $1 million a day on a router.

You do this and you will decrease usage of the electronic system and real banks will need to replace the electronic cash. You are not limiting fees, you are introducing fees.

The person who thought of this should be fired/impeached. You should retaliate against lawmakers who voted on this. This will immediately choke the system.

This (our) system requires an equality between physical dollar and bank. What this will do is cause a disparate set of bank currencies. This will say my dollar is worth 1.8 Citibucks or 2.4 Wells Fargo bucks or 15639 HSBC bucks. This will create volatility within a bank.

I want to know who signed this bill, these people have no clue how the system works. I want to also know who introduced it, these people are paid puppets.

Debit Card transactions are used to replace physical cash. Debit card transactions cost nothing compared to physical transactions. There must be a 1:1 relationship between the debit card transaction and the physical dollar. You lose this and everything goes.

Credit cards transactions are support of this system. Fees are charged to this user because they are borrowing money. The user knows this.

This system cost about 1/2 penny for each user per month. This allowed the banks to charge the user. The bank charges $20+ per user for this network.

Inflation

We should be at 17%-21% interest rates. We should have 1+ years of inflation and then many years of recovery. Also cut the money supply. We must do these to reduce the collapse. The coming collapse will be in sovereign debt.

Who's Your Favorite Dick

The Rats are fleeing the sinking ship.

The largest owner of Transocean just sold all his shares. Won't spend a dime to clean the mess he created. What a dick!

Marsico Discusses Sale of Transocean, Goldman Shares

Another, Its kinda obvious

So, the EU needed a trillion dollars to backstop the coming debt crisis. We lost a trillion dollars on Thursday.

Not really a big bridge. There is a rule that the NYSE has for Special clients.

Our system of banking set up the bonds that are worth, well... They needed the money to support themselves.

So we the people are paying for treaties that The Issuer of debt created and the Senate did not ratify.
--------
Wow, They lost a Trillion dollars and nobody knows where it went. That is what the investigators are saying.

Spike before the crash

A spike always precedes an economic crash by 3 days. I remember studying that somewhere.

By saying something it might relieve pressure.

This is from 50+ years of bad financial policy. A set of policies that is based on the 'Me'.

I also noticed the congress had a meeting last week on the 'Shadow Banking System', 6am-7am Thursday morning(5/6/2010). This is what caused the spike. Whatever occurred at that meeting caused this spike. I assume someone could not cover their losses.

The crash will occur Tuesday or Wednesday. Crashes are generally 10 times the size of the spike.

The background noise changes after the spike. I can see real damage to the system in the form of devaluation.

And quit blaming the Greeks for this. They did not cause this. Goldman and others caused this. You are saying is that our house of cards could not withstand the Greeks.

This was cause because the people who run the system no longer can afford to support the system. This system is failing because of open source information and regulation. We must have this failure in order to fix the problem. We are transforming into an open source information economy. It was the failure in the structure of the system that caused this, not the display of information.

Oh, Please do not hurt yourself when the symbol's apparent value is equal it's real value.

Our economy is based on gamblers instead of analysis.
------
9:45 est 5/10/2010
A 32% change in the VIX does not equate to stability.
It is a sign of failure. We are having an arrest of the system. This is fibrillation.

10:25 est 5/10/2010
Moody's the outsourced regulator of the current system is down 12+%. This is another sign of failure of the system.

10:45 est 5/10/2010
Fannie Mae's need for $8b shows the failure of the system of origination of money.

11:18 est 5/10/2010
If $1 trillion was taken from the system on Thursday, then we can expect that there were $10 trillion worth of derivatives that were fraudulent or poorly constructed.

Automated systems did not cause this. Automation showed the problems.

11:47 est 5/10/2010
The Euro is not the problem either. The issuers and raters of debt created this problem. The issuers of debt used known fraudulent information to create debt vehicles.

12:33 est 5/10/2010
It is nice to see the Turks are helping the Greeks.

----

Dear Moody's,
So today is the day you sort of, kinda rated Greek debt. Good Job, for doing you job. Kinda.

So this is what is happening

This is what I have been trying to say, and most people look at me as if I am nuts. I am afraid to talk about most of the ideas. People react with fear.

One of my arguments, by just following the rules of the Constitution we would solve many problems, like unemployment. Article 1 Section 2 Clause 3 says we should have 11,000 members of The House. It would employ a million people directly and many more in indirect support. We would use current tools like search engines, forums, users... It would cost next to nothing to build this analog to digital conversion infrastructure.

I see people's idea structures fall into chaos when I describe this problem. This is the problem I have. If the solution is not tested by the people, they will not understand the argument. I need to know the solution is already completed before I release the problem to the courts to argue.

By increasing the nodes, you are reducing the error. This is the basis of neural networks. This is how a brain or a collective works. The basis of the Constitution is a neural network.

I don't think it is necessary to have a succession movement. Just follow the rules of the Constitution. This representation system has never been implemented.

There are certain things that I can do to be of benefit to all.

State of Florida - Oil spill

This oil spill will destroy our state.

We need to be able to deploy containment booms completely around the state. We must contain the slick before it reaches that flow of water.

We have the boats and willing workers to do this. We need many layers of containment barriers. We need ships that can vacuum the oil off the surface of the ocean and pump it into super tankers. We need statewide organization to manage this now.

We will lose our coast if this is not done now!

This is preventable. This will educate people to protect our coast from these major catastrophes. This will pay fisherman to protect their business. This should provide 10000 jobs. And a feeling of invincibility to the state government.

Get it done now.
This must be a Dunkirk event.

SEC sues Goldman

It is about time. This occurred through out wall street.

I hope this is not a Martha Stewart thing. These people created synthetic products to create fraud.

AC grid failure

If there is a major failure of the AC grid in Florida, there are not enough people who know how to repair the system. This is the reason why our national electric grid is in so much peril.

I am watching a crew fix the power grid in our back. Amanda asked them, where they were from? North of Titusville. We are in West Palm Beach. He told her, there are 4 crews that maintain the area from Broward County to South Georgia.

We must train new repair personnel to fix our grid. The State of Florida needs to put money into infrastructure and training, not marketing.

It is important to realize that the more money FPL makes in profit, the more catastrophic the failure will be. That should be obvious.

Off Balance sheet

What the hell is that? That means you are intentionally having transactions off the books. That is not suppose to be legal.

You were hiding your transactions from regulators and shareholders. This is fraud! I don't care if it was, voted, legal. Then the politicians should also go to jail for legalizing fraud. That can be called treason. Purposefully creating fraud against the American people is treason.

Is the only scheme that is illegal the Pyramid Scheme. Risk schemes are not illegal. You all understand that risk schemes are far more dangerous than pyramid schemes. Legalized risk is regulated insurance.

The concept of derivatives

The man (Bob Lamb - NYU Stern School of Business) who was talking to Margret Brennen right now is correct. There were more derivatives allowed to be issued then were ever allowed. It use to be impossible to get options on stocks.

These structured derivatives we being sold at a far larger volume then common stock. A derivative has almost no value. It is derived from a structure that has a little more than no value, common stock. This means a company had no value because the underlying derivative had taken all the value from the stock.

Models of risk

It astounds me that the rating system of mortgages allowed for such high levels of AAA ratings. It should be next to impossible to get a AAA rating. AAA ratings should never exceed less than 1% of all mortgages.

I'm an American, and I can see that US debt cannot hold a AAA rating. 50% of all the subprime mortgages defaulted. This is 30% of all mortgages. This should reduce our sovereign debt rating.

We must go through the dismantling of our problems to start the solutions. We must go through inflation to solve the economic disaster. We must put those who created the problem in jail. The created a fraudulent model. They created nothing more then a inverse risk scheme. This is a fraud. They told their customers misinformation about risk models. They rewarded fictional hallucinatory stories about risk modeling by paying bonuses to those who could lie the best.

We must take our medicine like inflation in certain areas of the economy and deflation in certain areas.

I am angry. Regulators , board members, rating agencies and journalists failed purposefully. These failures have legal and economic implications. This means there are criminal laws that need to be in-forced and fines extracted.

Robert Rubin did not know what was going on

Robert Rubin premise that the Boards should not know what it going on at the lower levels. "A board could not know what is in the books". Who are you kidding? That is your fiduciary responsibility of that position.

It is a board's responsibility to know what its employees are doing!!!

Bloomberg is covering for idiots

Today at 8:48am you had an idiot on and did not even try to refute the jack ass statements he was making. At this point these idiots don't want to go to jail!!!. They will say anything to stay out of jail. They know what they did. They made fraudulent products that decimated our economy. These people must go to jail.

The worst part was your reporters did not even question the idiot. I think the idiot's name was peter walison.

This is the reason to stop watching bloomberg. I watch bloomberg every day for many hours. I cannot believe you let the man get away with this. If they could not see this coming, then they should go to jail. You are allowing the rich to continue this fundamental failure. We see it in the way products are still being sold.

This is fraud! Large numbers of these people should go to jail for this.

I saw this coming and I am just a disabled epileptic.

These people took down economies. Bloomberg is just as culpable as the idiots because you are failing to report. You are just agreeing that they had no idea this was occurring.

Oil Fraud

This is from Bloomberg, Oil Falls After Report Shows Bigger-Than-Forecast Supply Gain

It is not possible to have a weekly report of oil inventory barrels off by 8 million barrels. This is an obvious fraud. In this day and age of technology, it is not possible for Fred Flintstone to be off by 8 million barrels. Did we lose a couple dozen super-tankers? Were the tankers payment for something?

This 80 dollar fraud will crash naturally under the weight of the fraud. It will take down the oil companies. You did this to yourselves. You have no-one to blame but yourselves. I have no sympathy for those rich people who's business plan was based on how well they could lie their way out of such widespread fraud. You are the ones paying people to lie to you and take your money.

Shareholders will lose and the executives will walk. What do I care? I have no vested interest in oil. I just want to see shareholders prosecute executives for fraud. I want to see these people go to jail.

Wall street: Using Jails to Market Large Banks

This is from Bloomberg. Big Banks Begin Effort to Improve Image, Set ’Record Straight’

These people gambled our business industry away. They gambled countries GDP. They committed fraud and manipulation. The executives and employees who participated during the 0 decade should go to jail for major destruction of our country. They knew what they were doing. This was all based on greed.

The only way to 'Revamp the image of the economy' is to put these people, en mass, in jail. They broke their fiduciary obligation. White collar crime is far more damaging then any other crime but violence. White collar crime is massive scale theft. White collar crime will cause war and violence.

People will come along and try to make shit smell like roses.

This is another important story from Bloomberg. Rich Pumped for Fees in Banking Conflict of Interest

Expanding bandwidth

I listened to the FCC Chairman discuss bandwidth expansion. This is the first necessary infrastructure needed to begin Art 1. Sec 2. Cl 3. representation. I was impressed.

Wide distribution of infrastructure is necessary for our nation. Yes the network and security are already widely distributed through every router/modem, but we can build in EMR and Education into these devices.

These devices should be built in the US. We should have only our factories build these. For that extension of education to industry.

Wide scale fraud investigation

This paper was written by Amanda Griffin-Weil. She is studying to be a criminologist.

Fraud Investigations

"Algorithms are delicate; slight variations, quality of data, attention (or the lack of) can create data sets that subtly inform the model to display what the processor wishes to see. Analysts are in the unique position of only seeing what is there."

These ideas should be implemented for federal investigators. She explains this distinction in this truly important paper.

We can easily see fraud. We need to convert intelligence analysts into economic protection analysts.

Wall Street failure continues

You cannot continue to allow Wall Street to gamble our business away. There are no changes being made to the system. This will happen again until CEO's realize They cannot make money through both ends. You either make money from your customers and give it you the shareholders in the form of dividends or you make money from your shareholders and give it to your customers as product.

You cannot have it both ways in one place. Wall Street employees should not know anything about raising capital for new or expanding business. That part of Wall Street should move to California or Florida. The Wall Street system domain should only include paying profits to shareholders. Anything else is a conflict of interest.

Insurance should move to Vegas. They understand risk/reward. These systems should move away from each other. They are inherently dangerous as a single unit. This single unit system is capable of causing war.

Open Source Solution

The problem is that we need the Open Source model. But open source is guaranteed to decimate for profit solutions. Our school system (public and private) will need to be re-evaluated to use the Moodle, because Moodle will quickly replace current class systems.

The class model has already become a babysitting service. Education is secondary. Education money needs to be pushed into these new models. A DARPA model of how to directly fund these projects to their needs. If a open source project can gain funding from the government, the government can set goals and maintenance needs.

For HPC standardization is a requirement. I need to rest.

Debt vs. GDP

I just heard on Bloomberg TV that the tipping point for an economy is the debt of a country reaching 90% of their GDP. We are quickly approaching this threshold.

I would like to know how much U.S. debt, China sold off. Yesterday on Bloomberg, China sold US bonds to a level that they are no longer the primary U.S. debt holder. China sold 34b dollars of U.S. debt.

Now on Bloomberg, they just said that Greece is at 12% of GDP. The U.S. is at 10% of GDP. Confusing, Very Confusing.

Define GDP using wiki: GDP = Consumption + Investment + Government Spending + (Exports - Imports)
OR
GDP=C+In+G+(E-I)

The sales of debt is good for America. No longer is China the largest debt holder of U.S. Debt. Japan is.

Gold (Specific Gravity) Standard

I have read in several places that there is a concern over counterfeit gold bars. This is the reason we are not on the Gold Standard. We cannot place the economy in the hands of gold.

If the value of gold is reduced because of a fear that it is not pure, then we will see a crash of everything. It must be well understood by the participants, that the economy is based on their production, not on the value of gold.

In order to have a stable long term economy we must reduce the value of gold. The only way to do this is Full employment. There must be an appearance that everyone is working on innovation. This must return infrastructure to all. The return of infrastructure is the only measure of innovation and pride.

There will be a point where it cost less to counterfeit the gold then it cost to maintain the stability. Then the value will crash. If the value crashes then there will be a loss of confidence in all governments and all systems.

Massive employment can be deployed without conflict by following Article 1 Section 2 Clause 3 1:30000 representation would almost instantly cause full employment. This will also provide the infrastructure to reduce error in the government. This will provide security, transparency, and redundancy. This level of representation would reduce cost, increase standardization and demand innovation. This level of representation is brilliant.

This is a choice. The next problem in our economy is gold. The only solution is full employment.

Open Source disaster

Open source is causing a rip in our economy. It destroyed Sun Microsystems. The moment things become free, they have no value. If they have no value, then there is no reason to support them. There are mature systems that are essentially free.

Over time we will lose quality from a lack of people getting paid to develop open source systems.

Open source needs to be tied to paying developers before shareholders. Just because many developers designed and built these complex systems does not mean they should not be paid for their contribution.

The lesson learned from Sun was; Don't pay for something that is free. And do not open source your private work. Here is the rub, how do you pay for development into new technology if the open source model is not available.

Larry Ellison did the right thing. He was able to communicate this to the EU is a way that they understood it. He protected our world's society. If we had lost Sun, we could have crashed.

We cannot rely on necessity and innovation, planning must be involved.

It should be understood that Sun, IBM, Cisco, AMD, Intel, Google... need to immediately expand to develop the next level system. There needs to be further development and expansion of the system. This does not mean management. It means development and protection.

Innovation centers must be funded. Management centers need to be defunded. Management has been removed by current tools. It takes a few people to manage a large network of innovators. Sales has essentially been removed by the same tools.

Economic disaster system avoidance

There are several issues I have with the state of our economy. These issues should be taken seriously. These are as serious as missile defense or terrorism.

Our complex system has several weak spots, that if exploited would be disastrous. Tools need to be designed to make it impossible for there to be another serious bubble/attack. These are system level tools.

This site should be restricted. The ideas listed here are dangerous. It must be understood that these ideas are written to warn of possible attack on the world economic system. These are disaster level problems that need to be addressed or they can be used by terrorists. Everyone should be concerned about these issues. We must design safety systems to avoid these system level failures. In order to do this the problem needs to be described.

I was able to describe the real estate bubble/burst to several people before the event. I was able to describe the damage that would be caused by such an event. I wish to describe; first the problems, then the solutions.

The system is complex and so are the solutions.