F Dominicus Blog : bad idea

Well done

Friedrich Dominicus — Wed, 20 Feb 2013 08:06:00 GMT

Congratulations to some horse sense:

http://www.zerohedge.com/news/2013-02-19/just-say-no-seattle-residents-kill-city%E2%80%99s-drone-program

If you do not do anything to get your right back you will be without any right very soon

But don't let stupidity get all the rest of you: http://www.zerohedge.com/news/2013-02-19/president-obama-sermonize-unspeakable-sequester-evil-live-webcast But I do not really know if I feel sorry for you. You voted again for dear Mr (Fud)/Presi)dent Obama. Maybe sometines one really gets what one deserves....

Your data

Friedrich Dominicus — Tue, 12 Jun 2012 11:34:00 GMT

belong to you. Feel free to give them away to whomever you like but don't be surprised if it backfires.

With every new day and new news about Facebook I'm happy I'm not "in". If you just google for my name you can get a lot of information. And I know this will stay forever. Yes I'm unimportant and nobody but maybe one or two cares. That's fine with me. But I write what I think and "reveal" what I want and what I decide.

With Facebook I know all my data are in access to Facebook, who am I to know to whom they give access even if I would not agree? I simply do not know. Facebook needs desperately new sources of income. There stocks still are hell of expensive, and they must earn much more to get just near somewhat rational regions. So If they'd earn 10 billions one might things that 90 billions are "fair" priced, But So what else but your data should drive it's profits.

If you feel Facebook offers something to you then fine use it, but I for my part have decided that I want mine to stay mine. I do not want even more advertisements in my mail box, nor do I like to get stuffed with it every day, every click. In Germany the biggest advisor for debt handling Schufa have announced to start collecting user information on facebook for their credit rankings. How would you like that? I can just say, I'm not amused.

And within 5 years I'm sure you state agencies will put pressure on Facebook to get hands on our data. Of course all for the greater goog of the american state. And they will tell, those who do not have anything to hide can simply disclose that information. Well I guess they will do it even more "subtle". I bet Facebook will find a way to provide them with your data. Backdoors, hacker attacks, viruses, trojan horse, I don't doubt it a second that NSA should be able to crack accounts in the hundreds of thousands if they are inclined and told to do so. Your data? Not if you give them away that freely.....

von Mises run

Friedrich Dominicus — Mon, 11 Jun 2012 04:25:00 GMT

well yes there are no good news. There are currently just bad and worse news.

Now it's the spanish banks, another 100 billion. I wonder from where that money comes. And you know the answer. It comes from new debts and this debts have to be beard by the tax payers. Oh yes they won't honestly higher the tax immediately, but the invoice will come. And it's always those who have and live within their financial limits, which have to pay. I guess it will be as usually. The inflation will be driven up, the tax is driven up and those not paying taxes will not even recognize, that's somebody get's robbed.

The different loosers in the different countries are cheering another looser. Really they tell, what a good thing that Spain takes the EFSF money. Well you can see it's not the idea of market which prevails. It's from a to z socialism pure. And every socialist country get bankrupt within around a live span of a man.

And again the best safety net for the savers would have been sound money, and there you have it. The last we get is sound money. We'll see more money printing, more card houses of debts. I know it's stupid, people with at least a slight idea on economic thinking know it's stupid and yet those who know will get overturned by the majority. And as we can see e.g in France the majority just is stupid as wood. I really wonder how the French think Hollande will pay for all "his" promises. They really must think the state is a money spender. And they simply do not get it that it's robbery which keeps the states afloat. One should not wish bad for others, but I feel it is needed that they suffer under exact the conditions they seem to prefer.

And it's now starting to get really worse. The banks are bankrupt and the states a bankrupt, and the stupid people still believe the state can steer anything. They are steered and it will show, and the more they deny the facts (money has to be earned) the more devastating the outcome.

Thanks but no to Mrs Lagarde

Friedrich Dominicus — Mon, 23 May 2011 05:28:00 GMT

I'm against Mrs Lagard for the IMF. The IMF is just a from Politician controlled instrument, with no-failure-built-in. It's not a market instrument, because otherwise hardly any political pressure could be come from it. So short, it's dictatorship pure.

Mrs Lagard has an open dispute about corruption and all in all France is the county for centralism.

The only "right" thing would be to abolish the IMF. This will not happen so we should at least get some democratic control about it.

If we have this IMF we should have president of a country which never has gone bankrupt. France was known to default every 50-100 years in the 17-19 th century. I also am against any Chinese at the top (China is the last "big" dictatorship around with not acknowledgement for any human rights). The IMF president should come from a country with the lowes corruption rate, That is the only thing which "may" help anyone.

Here on Mises the guys have an idea on the problems with central banks http://blog.mises.org/17035/mad-men-2/ So the only "right" way is abolish the central banks, and introducing sound money. And then the debts avalanches will not be a problem. It's just the constuction of Fiat money with last lenders all over the place. Responsibility is an emtpry phrase if it comes to deledefs and bureaucrats