Tuesday, June 25, 2013

Why entitlements will not fail?

Why entitlements will not fail?

Because everybody feels that we have a right or a claim to something.

Because they are payments made directly to individuals.

Because the federal government wants to be legally obligated to make payments.

Because they make up the major part of the federal budget.

Because the government assistance to individuals is mandated by law and by need.

Because everybody wants the right to a particular privilege.

Because an individual qualifies simply by virtue of his or her circumstances.

Because the mayority of the people does not believe the idea that everything  should be obtained through effort.

Monday, June 24, 2013

Why America is not Europe?

Why America is not Europe?

Because America has CME Group Inc. (Chicago Mercantile Exchange), the world's largest futures exchange company; the world's leading and most diverse  derivatives marketplace; the place  where the world comes to manage risk.

Sunday, June 23, 2013

Why central banks cannot stabilize financial markets?

Overburdened central banks cannot stabilize financial markets without governments reforming economies and banking systems.

Central banks are out of control, they have persistent policy problems; they do not have the independence to determine the best way of achieving its policy goals; they cannot solve economic problems; they are unable and unwilling of dealing with a bubble economy.

Saturday, June 22, 2013

Why Mt.Gox, the world's largest bitcoin trading exchange, has halted withdrawals of customer funds in U.S. dollars?

Why Mt.Gox, the world's largest bitcoin trading exchange,  has halted withdrawals of customer  funds in U.S. dollars?

Because the Tokyo-based exchange is the only FED concern nowadays.

Wednesday, June 19, 2013

Life's greatest pleasure?

 Life's greatest pleasure?

Rowing (sport)

Tuesday, June 18, 2013

What makes you average American ?

What makes you average American ?

To land in the middle quintile – where you are richer  than 2 out of 5 households but poorer than 2 out 5 households – requires  an income of between $34,738 and $55,330. 

That – and that only – is the average American family. 

You are only “average” if you have pre-tax income of between  $2,894.83 and $4,335.75 per month.

Anything below this and you are below average. 

Anything above this and you are above average.

Monday, June 17, 2013

The war between government and technology.

The war between government and technology.

The Texas state government has banned drones for most private use.

The state of North Carolina is considering a ban on  direct sales of Tesla vehicles.

The state of New York considers Airbnb illegal

Ride-sharing startups like Uber, Lyft, and Sidecar  face constant threats and hurdles as they  expand outside of the Bay Area.

 Bitcoin,  suffered a recent Fed crackdown as the most active exchange  for the popular crypto-currency.

The ways things are going, 3-D printers will be  banned because some fanatic will hack software that lets him print a 3-D gun.