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Everything posted by Sledgehead

  1. Basel III ensures that. Only sov debt and real estate allow banks to lend with any real gusto. Put too much in biz, of any sort, and your RWA immediately crimps your capacity to lend. Because of this, central bank credit has only a couple of intended destinations. Neither home has much to do with jobs, biz or the real economy. Bailing out govs who are too weak to tell the people 'no' is what it's really about. Asset price inflation is the side-effect-sweetner (for those who matter).
  2. My bad , I didn't realize you were into freestyle grinding: So troll, when did the rules of this forum change to allow your sort to stay on the main board? Don't bother answering that. I've blocked you.
  3. Firstly you are wrong : he refered to both ballots and online voting. Listen to the whole video. Secondly, it is not condesention to say you have no right to express an opinion on a matter of fact. If you have no concept of basic arithmetic you have no right to say whetherr 16/4=4. Saying, in your opinion the answer to 16/4 = horse is just pointless noise. The same is true when it comes to malware and vulnerabilities. You say you don't understand the maths of public key encryption. Well, then you simply don't KNOW whether it is secure in itself. You know even less therefore when it is incorportaed into PKI, or when PKI is used over networks. To say you understand that address space randomization is necessary is one thing, but to fully understand why , ie to understand how systems can be subverted w/o it is quite another, as that knowledge will tell you, 1) how completely "out there" hackers are in their inventiveness, and 2) how long it has taken for society / the IT industry to take the threat of buffer overflows seriously. There are some wonderful vidoes around demonstrating this old craft which I encourage you to seek out and watch. If you have the patience to understand software, operating systems and hardware architecture at the most basic levels and then watch how enthusiasts use that knowledge to break systems, you'll never view your pc / tablet / smartphone in the same way. And you will certainly review your "opinion" on electronic voting, of all flavours.
  4. Or water. Or soap. Or soapy bubbles. Or stubble. Stubble and velcro. Velcro FFS! First velcro. Now zips. Zips and buttons. God damn it. It's less than a fornight and I've nothing to keep my tackle in my trousers. It s madness gone crazy. And look, see that back there <-- ? Now the apostrophes have gone. Come back EU, all is forgiven!
  5. expert says NO. Now ask yourself these simple questions: 1 ) do you understand fully the mechanics and mathematics of public key encryption? 2 ) do you understand fully why address space randomization is necessary? Two simple security questions amongst thousands I could have asked. If you don't, you have no right to give an opinion on something like electronic voting.
  6. Interesting juxtaposition. And an interesting point to consider UK student concerns down through the years: 1960s : vietnam war 1970s : campaign for nuclear disarmourment, anti-vivisection 1980s : anti-apartheid movement, environmental activism 1990s : civil rights, climate change 2000s : iraq war II 2010s : anti-capitalist, anti-globalization 2016 : freedom to bag 4 star hotel groupon steals in the EU w/o roaming charges Wonderful to see our young people are still idealistic!
  7. Dunno, but pesto says it's all good news for probirdie, low interest rate outlook an' all. Makes sense: China falls, uk stocks fall, confidence falls, interest rate hikes postponed, uk property up. Same as when things are totally different. China rises, uk stocks rise, confidence rises, people invest in property, Chinese nationals look to invest in Uk property. It's all good, always. Until it isn't. and then China rises, Chinese stocks rise, people here put their money in Chinese stocks, interest rates rise, property slumps. Or China falls, Chinese investors are spooked and burned and have no ability to buy here, whilst global growth slowdown hits UK jobs and Uk confidence and people are denied mortgages and proprty slumps and Uk rates can go no lower, so things stay that way. Makes sense. It all makes sense. Up, down, left, right. Or maybe none of it makes sense. Or both. Or neither. All I know for sure is it must be cool being paid to spout this utter garbage.
  8. Then perhaps you should look at a list of so called Common Vulnerabilities and Exposures, the growth of which shows no sign of shrinking (just a note if you are unfamiliar: "execute arbitray code" translates roughly to "the crims own your ****"). Or perhaps note that "Banking bosses say a cyber attack is among their biggest fears". Physical cash is a buffer that allows you to buy things when the "system" is down, or when your i.d. is in question or your account cleared. Without it you are completely exposed to zero day vulnerabilities. Your life can literally be turned on its head, intentionally or even quite by accident (through bugs).
  9. Rise of cashless society: Bad for: - privacy - freedom - workers - savers - Good for: - cyber terrorists - hacktavism - bankers - speculators - profligate
  10. turns out there's an official vid with club footage, shuffling and a vocalist (miming most of the samples) who I'm sure few of you will object to:
  11. Those will be the free-marketeers who blocked the takeover of BSkyB, Astra Zeneca and now, BP. The same free-marketeers who restrict planning permissions whilst injecting £375bn of printed funny money plus numerous lending schemes into the property market, whilst leaning on banks who wish to forclose on those who don't honour credit agreements. They'll be the same lot who imposed "austerity" - a word that now officially means spending beyond your ways and means, but a bit less so than the last lot did. It'll also be the same lot who masterminded a "march of the makers" that has led to us now being able to "pay our way in the world" whilst simultaneously wracking up the largest current account deficit since records began in 1948. The very same lot no doubt who declared savers the innocent victims of the financial crisis, before driving base rates to the lowest level since records began in 1694, and then declaring "I would like interest rates to stay low forever". The very same lot who so hate bureaucracy that they declared a bonfire of red tape, only to make the tax code even bigger (now 17000 pages!).
  12. Yes, they do, but stuff like "educating Joey Essex", Joey being a man who, probably like his viewers, thinks Nick Leg is the leader of the Liberal Democats (and i made no typos there whatsoever).
  13. Actually what you are saying is that in China you step outta line and they slam you in jail w/o trial, whereas here, they send round some guy with a clipboard to offer assistance. Surprise, surprise, nobody takes it seriously... ever seen those food inspector progs? They should change those guys' titles. Something like "free heath and safety consultants" would be more appropriate.
  14. ... and yet, whilst we sell real property to any foreigner, companies many not be sold. I'm frankly sick to death of the serial abuse of my property rights wrt listed UK companies. BSkyB Astra Zeneca and now BP. MY SHARES, MY RIGHT TO SELL OR NOT, MY RIGHT TO ACCEPT A FOREIGN TAKEOVER BID! Clearly, our willingness to allow the wholesale buy-up of London prime real estate has little to do with a belief in free markets....
  15. Ofcourse they will. Starbucks rolls out cashless payment in Germany http://venturevillage.eu/starbucks-izettle-cashless-germany http://www.housepricecrash.co.uk/forum/index.php?/topic/204365-citi-economist-says-it-might-be-time-to-abolish-cash/#entry1102707659and yet: "Details of the new offence of purchasing scrap metal for cash and how the new offence will be implemented from 3 December 2012." https://www.gov.uk/government/publications/guidance-on-the-offence-of-buying-scrap-metal-for-cash Fine, but it won't stop the rise of the cashless soc.Nor will bitcoin, imho, which I feel might well be a trojan, as already pointed out here: http://www.housepricecrash.co.uk/forum/index.php?/topic/204365-citi-economist-says-it-might-be-time-to-abolish-cash/page-2#entry1102708000There is a solution. You must vote for politicians who have clear beliefs about national security - ie people who are clearly patriots. Why do I say this? Because nothing is a greater threat to a country than a cashless economy. Why? Just look at the rise of just-in-time consumerism. People have no savings and they increasingly shop on a daily basis. They have no buffer in their day to day lives whatsoever save the cash in their pockets and the credit at our retail outlets. If you remove the former, the entire populace becomes immediately and wholly vulnerable to a DoS attack on retail infrastructure. Can you envisage the entire population suddenly finding themselves unable to buy breakfast one morning? Being unable to fill up their car? Being unable to buy a coffee, a bottle of water, an Egg McMuffin? The country would literally grind to a halt. Not a bullet need be fired. Not a single threat made. We would be rendered helpless and hopeless. Does that sound like a threat a patriot would expose us to? So vote for a patriot and if you can't find one, vote for politicians who strongly claim to be (and thus are uniquely vulnerable to any charge of duplicitousness for attempting to expose us to such a threat). And in any case, start spreading this message amongst those you know. Defence of the realm should be the government's first role. We have arguably never been more vulnerable. It's such a shame the electorate seem more interested in the bribes politicians intend to shower upon us. ___________________________________________________ PS : interested in playing the person and not the ball on this issue? It's an open goal! On the cash economy you have patriots. On the cashless economy you have Willem Buiter: "Buiter was born in The Hague, Netherlands on 26 September 1949. He is a national of the United States and the United Kingdom. (wiki)" Not a tricky job to label this guy as somebody who will work for the highest bidder ;-)
  16. A few years back I was looking into prefabricated structures (NOT trailers, more Huff) and wondering how one might plonk one in forestry and get away with it (after all, the permanent 'damage' to the landscape would be next to zero). The barrier I always came up against was the so called "change of use" rules, which basically state that no matter what your structure might look like (eg an absolutely 100% accurate facsimile of a tree), living in it year-round would not an option for an owner occupier if the structure had not been granted residential use status. You can imagine how I felt when I learnt, through this program, that not only does renting (almost anything out) seem to bypass such rules, you can even get the authorities, who would usually be turfing you off the land, to stump up the cash to pay your capital outlay. Go figure.
  17. Cameron says today he's not been caught napping. Nobody could have forseen this situation ... then again : The New Cold War: How the Kremlin Menaces both Russia and the West http://www.amazon.co.uk/New-Cold-War-Kremlin-Menaces/dp/0747595674 - a book I referenced here 6 years ago. Giddeon took lunch on Oleg Deripaska's yaught a few month's later, along with Wolf-Hall wannabe Mandy. http://www.theguardian.com/politics/2008/oct/21/mandelson-georgeosborne Still, for all our fretting, chances are Vlad will never shell us: he'd largely be obliterating his countrymen's assets, thanks to our own government's encouragement of a putative Russian invasion ...
  18. I don't doubt he captures, nay embodies the zeitgeist of a reaction to Westminster elitism, but we are talking Bez, for gawdsakes: BEZ!
  19. They may experience extended childhood now, but my guess is their sharing a breakfast table with aging parents moaning about poor returns on savings will likely turn them prematurely older. It's a sobering to be told a million in the bank will earn you just north of the minimum wage. For those whose parents don't have a million in the bank, expect those retirement breakfasts to be less the Times crossword and sweet cups of tea and more the business pages and bitter recriminations. Or maybe blissful ignorance terminated by finding them both dead on their bed with a note detailing how the remainder of the house equity should stretch to funeral expenses (no IHT! yay!)
  20. Inviting Kirsty meant it would always be difficult to ensure a fair fight, but I think they just about got away with it. Bez, ever the gentleman, did the honourable thing and stuck to his election promise, handing Kirsty half a chance: What a sport!
  21. besides the obvious age discrimination, what do the public make of this idea that governments can use debt to fuel ever rising house prices? clearly, for a 5-10n year career politician, it might make sense, but for voters and the parties themselves, it must be hard to ignore the fact that hpi>cpi implies policies like this will ultimately lead to debt increasing rapidly above inflation, ie real and guaranteed expanding debt and deficits. With london price inflation, that situation would not take long. 4 billion for this bribe. Not to mention the fact that they make so much of a few hunded million on the welfare bill ....
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