Jan 12
15
Electronic Pennies
Once inside the
cut around the window of our house, found six old pennies. As the house had once worked as day-care center, I assumed that the playful children of coins was set at a level which is a sort of time capsule to me to find so many years later. It was nice to see that one of the zinc pennies were minted in copper deficiency in the Second World War, suggests the time the children are playing. Copper Penny was greenish with age.
Then the thought occurred to me. I was wondering if the bureaucrats in Washington are still six pennies counted part of the national debt. If every old home port of the hidden money, hidden debt. There must be billions in hidden money, and it is possible that our national debt is much higher than those granted to us in our leaders. idea depressed me. After all, money is a product of mechanical age. They were and still are, a product relatively primitive technology: hit machine. The fastest coin press is limited to the mechanical laws of production, and the only coin of each stamping. These laws, still held by the line of weight machines, that our paper money. My gloom deepened, because I knew we mechanische leaving age and is now an era of an electron and a trusted partner for computer. Therefore, unity of debt is not pennies or dollars, or to express a physical unit, which actually could produce mechanically. Instead, the real unity of debt tied to the increase of data in an electronic device. Expressed in nano-seconds, the debt has become responsible for the electronic information
the other side of the coin says that wealth is no longer physically expressed, as it once was, the gold. At the moment, live in wealth holding encoded data in electronic form. Central government debt can be assumed as distributed electronic data on computers around the world. Information moves at an affordable price. Owner Info dollar-denominated bond holder a modern parallel to more primitive times.
more grave: If the forger the last stage of the mechanical age, only one hundred dollar bills printed on Xerox color, why the forger could not just break into the electronic age of computers in the banking and offshore accounts to move the dollar? So the final recipe for the electronic terrorism clearly. In the medium of terror will no longer be a bomb. Terror now lives electronically. In the future, the wild eyes of terrorists buying Cray Research Computers and Mega disaster spreads hacking a global electronic network of information and money by injecting faults in the system. Reign of Terror is symbolized by the guillotine, but a mega-bite of false money. I can not wait for the federal agencies to understand my concern, and that is why I write. I am convinced that the biggest problem in the United States, and perhaps the world is that we have an aging bureaucracy, what kind of information age and its impact on economic decisions are not understood at all levels.
simple example makes my point. In the Federal Reserve System, the decisions about how to create a much more electronically, simply by adding the numbers wearing the computers resources of the banking system made of “money supply” is calculated in different ways. But, as I said, the census has serious shortcomings, as many of the electronically encoded information to circumvent the dollar computers that are no data available on the counters.
keep my metaphor for children and money, many electrons are snoozing peacefully in the Swiss Alps, peaceful islands in the Caribbean and the nooks and crannies far from the eyes of the Fed. When the central bank increases the reserve is based on a false charge, we can confidently assume that a good bit of any additions to already electronically linked to hidden.However, the aging bureaucrats do not demonstrate understanding of such a large change? I think not. This is a test to put all that work in government offices, financial decisions:
1 What is index arbitrage, when making the foreign exchange market?
2 How does the butterfly spread to the Swiss franc against the dollar? 3 Is it a legal U.S. citizen to send a personal check on a foreign bank, that place in the United States, and does not report the transfer? 4 Name the type of hedge used by the U.S. grain exporters, the cost of the hedge to leave this country. 5 What effect does the North American Free Trade Agreement ability Vancouver Stock Exchange and the Mexican Bolsa sell directly to American citizens, without registration? Here’s a bonus question for those who responded to the above three questions correctly:6 What proportion of the costs of the U.S. bureaucracy to make foreign workers, when their products are imported into the United States without tariffs?