Marcus Tullius Cicero provides advice to Washington
July 26, 2011
“The budget should be balanced. Public debt should be reduced. The arrogance of officialdom should be tempered, and assistance to foreign lands should be curtailed, lest Rome become bankrupt.” - Marcus Tullius Cicero 106 BC-43 BC
Honestly this is becoming too much for the average American to handle. We have complete dysfunction in Washington.
At stakes are a massive amount of US dollars not being paid, a spike in alternative currencies like bitcoins and gold and a whole new level of distrust of Washington.
The root of the problem is that the level of debt is unsustainable. This is what the fight is about. If we never committed to such huge levels of spending we wouldn’t have this problem in the first place.
But alas we do. We charged millions of Americans hard earned money over their lifetime for social security, now we have to pay them for what they put into the system but the system (the whole system, not just social security) is trillions of dollars in debt and now needs regular increases to our credit card limit.
At one point this party is going to crash. In many instances the tea party wants the party to crash now rather than later, in their opinion it’s better to take the medicine now. The problem is try telling that to 86 year old grandma that there is no more money for her.
We hear you Marcus Tullius Cicero, we hear you.
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Large number of invites sent out today for flexcoin the bitcoin bank
July 22, 2011
There will be a large number of invites handed out today for the bitcoin bank. Several new pages were posted on the site this morning hinting at it’s strengths compared to the standard bitcoin currency. Also added were a TOS, Privacy Page, and a few others.
Flexcoin has peaked interest within the bitcoin community due to the fact that the bank pays interest to it’s account holders, Solves the “coffee shop” problem and gives vendors an easy to use ID suitable for printed material and marketing rather than a long sting while at the same time fundamentally allowing anyone to access their bitcoins from anywhere. Basically revamping the system to something that can actually be used for general commerce.
It has the potential to fix all the bitcoin problems and allow the currency to go more mainstream.
Currently flexcoin has several hundred users, with the only limiting factor being the highly sought out invites.
We were told to “watch our inbox” over the next 24-72 hours.
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Mt.Gox buys MtGoxLive.com but has no money to refund stolen bitcoins
July 20, 2011
Mt.Gox buys MtGoxLive.com , but the purchase price was not released.
MtGox.com has agreed to acquire MtGoxLive.com, the largest independent provider of bitcoin related web and mobile applications and services. This move strengthens MtGox.com’s portfolio, with the host of applications and services that will be joining the MtGox.com family of services. according to the press release
Mt. Gox has been under some intense fire since the hacking incident, with individuals complaining that they have yet to be reimbursed for their stolen bitcoins but yet Mt. Gox has the funds to go on a buying spree?
It’s an honest question, why can their customers go without their stolen bitcoins due to Mt. Gox lax security but Mt. Gox can go buying up companies?
Clearly there’s a mismatch.
To make matters worse Mt. Gox tells the victim to file a police report, like the local police department even knows what bitcoins are in the first place.
This is more of an insult than anything.
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GOP Strategist : Default would be good for GOP Whitehouse
July 5, 2011
A GOP strategist noted off the record that it’s not in the best interest for the Republicans to raise the debt limit if they want to take the Whitehouse in 2012.
The strategist told us off the record because what we were told was nothing less than mind boggling. This is what he said.
“Americans vote with their pocketbooks. Over the past 235 years we have punished or rewarded the President by how our personal economic situation is.
By most estimates we are in a recovery and by election day the average American will be better off financially than right now. However if we default on the debt, we would be hitting the darkest days of a near depression right around election day. We could run a random guy on the street and beat Obama.
There is zero incentive for the Republicans to fix the economy right now. After the election it will be the sole focus as they need to reward the American public for electing the right party.
Don’t be so sure that there will be a debt ceiling deal. It’s in the GOP’s best interest NOT to fix the problem right now.”
That’s what we were told people. Not sure what to think about this. We can tell you a bit about the Strategist. He worked for George Bush Senior in the 1990′s, and he also worked for George Bush Jr as well.
The man has met both Presidents.
Enjoy the new reality.
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What Google + looks like via invite
July 1, 2011
Everyone wanted to see a screenshot of what a google + account looks like when you get an invite? Well here it is. 
Roger Wehbe reporting here from Yooter InterActive
It looks sort of like facebook on steroids. It’s easy to use, plenty of drag and drop rather than menu selections, it’s actually fairly fun. However on mobile devices it’s less than useable. I’m sure they will fix that.
The interface allows access to plenty of other google products, IE: Google IM’s service is there, access to mail is sitting there.. and tons of status updates from friends, newer friends and family.
The problem I have with it is though it’s easier to use than facebook, many people can’t join so it’s limited in terms of who can participate in the discussions.
When it’s completely open however, I fully expect it to be a serious competitor to Facebook, if anything it’s interface alone makes it a valid competitor.
Enjoy.
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