U.S. government less reliant on the Chinese for money to meet obligations
"While China remains a major lender, new data show taxpayers owe 10 percent less than year ago."
No verification of whether the journalist typed this with a straight face. It's considered orthodox to retain a poker faced demeanor, regardless of who you're taking payoffs from.
Utter ignorance is accepted as plausible deniability. As are both dumb & dumber.
9 comments:
Yep.
Sorta off-topic but on-message:
http://arstechnica.com/tech-policy/2012/10/78-percent-of-bitcoin-currency-stashed-under-digital-mattress-study-finds/
I hate both of them--Obama, Romney.
Obamney ... Obamaneytion .. Co-Abomination
Rambomney? Could "Silverster" Capone play the role?
paul,
"The figure translates to more than 7.019 million BTCs, the term used to denote a single coin under the digital currency, "
I've often wondered (not intimately familiar with the upper limit of this addressing scheme) if the protocol could accommodate the trillions of $USD balances and we could just use this type of protocol to redesign the USD system.
ie you could assign a unique address to each USD individually. This would be like going back to the 'nomisma' system but instead of using silver tokens we would use these numeric addresses on an IT system and do it all electronically...
No more "money laundering" for sure... you could literally follow every USD issued and know exactly "where" each and every serialized USD was at any time... with this type of set up, no one could ever think we were "borrowing from China" for sure as China would not be operating the computer system.
A truly modern US monetary system.
The system would lose a lot of it's abstractness to the layman and this would perhaps more people understand what was really going on..
rsp,
PS
the Libertarians would lose their f-ing minds.... rsp,
For instance the IPV6 protocol allows for:
"How many IP addresses does IPv6 support? Well, without knowing the exact implementation details, we can get a rough estimate based on the fact that it uses 128 bits. So 2 to the power of 128 ends up being 340,282,366,920,938,000,000,000,000,000,000,000,000 unique IP addresses.
How do you say that, though? 340 trillion, 282 billion, 366 million, 920 thousand, 938 — followed by 24 zeroes. There’s no short way to say it in numbers without resorting to math. "
That should hold us for a while if there are only about 16T USDs out there at this point...
We could assign EACH USD a unique address...
rsp,
Thank God the Chinese keep finding dollars buried all over China, keep digging them up and keep lending them to poor old dollar-deprived US of A.
"Thank God the Chinese keep finding dollars buried all over China, keep digging them up and keep lending them to poor old dollar-deprived US of A."
y: :-)
You win the internets for today.
"There’s no short way to say it in numbers without resorting to math. "
3.40282366920938 E38
Explain THAT to your friends.
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