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Gov't Docs Reveal Canada's Net Neutrality Enforcement Failure

pcb Re:Money buys power, again. (109 comments)

That's the whole point! Canadian regs required a higher ratio than both Europe and the US. So in fact, it was a better regulatory framework that saved the Canadian banks.

about 3 years ago
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Should Employees Buy Their Own Computers?

pcb Re:Uh, no. (498 comments)

This happens anyways. I often take work home and use my machine at home. I bet a lot people do this...

PCB

more than 3 years ago
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UK Asks News Outlets Not To Publish WikiLeaks Bombshell, US Prepares For Fallout

pcb Re:What do they have to hide? (606 comments)

What's the old adage, "Countries don't have friends, only interests".

more than 3 years ago
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ICE Satellite Maps Profound Polar Thinning

pcb Re:"man made" (245 comments)

Your certainty actually demonstrates your lack of intelligence, especially since you've clearly developed your opinion from very limited data - or more accurately - from other peoples opinion.

more than 4 years ago
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Barack Obama Wins Democratic Nomination

pcb Re:People don't learn from history (1788 comments)

With the exception of the last few years, the value of gold reached a peak around 1980. Even today, it's still about half the value it was then. So to say that if we still had the gold standard today, the dollar would be worth 100 times its current value is very, very wrong (look it up!).

The only reason to peg the value of a currency against an external factor (i.e. gold, but any anything will work - I personally like NY real estate; it can't be stolen!) is to curb inflation. Politicians find it almost irresistible not to print money eventually (i.e. to pay for a war - yes, hello there GWB). causing inflation. This is especially true when you're a reserve currency like the USD was (note the past tense).

Gold bugs are obsessed with gold. They think it's a magically substance. In reality it's a pain in the ass: expensive to store (bulky), difficult to transport (heavy), and extremely environmentally damaging to extract from the ground.

Oh, even gold exhibits inflation: as the more gold is mined from the ground, the value decreases (same effect as printing money). If the value ever go over $2K/ounce, you would see so much production capacity come online it would make your head spin (and the earth cry). Granted, it's not as easy as printing the stuff.

-PCB

more than 6 years ago

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