Archive for the ‘General Stuff’ Category

We Never Died

Saturday, June 1st, 2013

Being agnostic, I don’t believe in “heaven” or “hell” in the “biblical-afterlife-sense” of these words. But when visiting a beloved’s resting place, I would still converse with them as if they could hear and understand me. In a sense, they do.

The atoms that formed the loved one–every single one of those atoms–are still part of this Earth. The very oxygen, carbon, and nitrogen that they drew is now part of the sustenance of many living beings. These living beings will be ingested by other living beings, and the said other living beings that ingested them will go on to be ingested themselves. The atoms will be used in many biological processes everywhere around me. I can take solace in that.

Admittedly, the void left by a beloved’s departure is irreplaceable, but at least I know that they will always be around me no matter what. As a matter of fact, ninety-eight percent of our atoms are changed out during the different stages of our lives. Somewhere out there, there could be an atom that was carried by my loved one’s breath that formed their words, and another that was once a part of their hand when it held mine.

 

Do not stand at my grave and weep

I am not there. I do not sleep.

I am a thousand winds that blow.

I am the diamond glints on snow.

I am the sunlight on ripened grain.

I am the gentle autumn rain.

When you awaken in the morning’s hush

I am the swift uplifting rush

Of quiet birds in circled flight.

I am the soft stars that shine at night.

Do not stand at my grave and cry;

I am not there. I did not die.

-Mary Elizabeth Frye

The Futility of US Debt Woes

Saturday, February 9th, 2013

I would like to open with what I consider to be one of the greatest channels of comfort for me personally, when I am faced with the alarming figures on http://www.usdebtclock.org: Unlike many countries in the Euro-zone (Greece being a prime example), the US issues its debt in the same currency over which it has complete control to mint. For countries that issue debt in this manner, bankruptcy is not just improbable–it is impossible. Unlike many other countries that issue government debt, the US enjoys the ability to issue debt on its own terms, literally in every respect.

China, Japan, and other holders of US debt are forced to purchase the said debt with US Dollars, and not with their own currency. Let me rephrase this: if you want to buy US debt, you need to first trade in your Euros, Yuans, and Yens for United States Dollars. You cannot purchase US debt with anything other than US Dollars, and the US government is not obligated to pay you with anything other than the same US Dollars you used to purchase its treasury securities. In theory, then, China can recall its entire US investments, and the US can, on its own terms, issue (or symbolically “print”) the equivalent dollar amount of those investments. Consequently, the American government enjoys the option of repaying China’s entire $1.16 trillion investment overnight. (Greece does not enjoy that option for the reasons I stated above.)

Of course, there would be a dire consequence to this: massive inflation of the US dollar (as fueled by the issuance of $1.16 trillion in new credit), which in turn would inflate the dollar value of the $1.16 trillion investment China is now getting back. In such a scenario, China would be stabbing itself in the foot by rendering its own investments to be valueless (or valued significantly less), and stabbing itself in the heart by inflating the economy of its biggest export partner. You can imagine the implications this would have on China’s own economy and the economies of all the other foreign holders of US debt.

In short, while the OECD doesn’t like to see a debt-to-GDP ratio of over 90-100% (which is about where we are, with a roughly $15.5 trillion economy and a $16.5 trillion debt) this ratio is less relevant for countries that issue their debt on their own terms and in their own currency. And as for those extra trillions of dollars in debt that are “secret” enough not to be included in my aforementioned $16.5 trillion debt figure: I would remind you to consider that currency derives its value from public perception, and the public doesn’t seem to be caring to perceive any figures beyond $16.5 trillion regardless of how real or not they are. The public cares about accountability, and the “fiscal cliff” showdowns aim to give audiences a veil of accountability while at the same time creating enough political leverage and fear among the public for politicians to achieve unrelated aims under the guise of debt woes.

Protected: Tax reform

Sunday, September 23rd, 2012

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If You Dare.

Friday, August 24th, 2012

 Here’s an inspiring story that’ll make you think twice about complaining the next time you’re bored, get a bad grade, experience a breakup, or some other relatively silly occurrence.

http://kidneyrecoverywithstemcells.wordpress.com/2012/07/13/do-you-dare/

I blame the bureaucracy and the budget misappropriation.

Tuesday, July 17th, 2012

us-schools-vs-international3.jpgClick the thumbnail to the left for a visual explanation of how the US lags behind in K-12 education rankings despite spending more on it than any other country in the world.

[Source]

Just an interesting diagram on minimum wage and cost of living around the US.

Friday, May 11th, 2012

min-wage-vs-rent.jpg

Fibonacci Patterns, the Golden Number, and Fractals

Friday, January 27th, 2012

That’s what our DNA, our fingerprints, our brain neurons, our bodies, our faces, our stock market, our nature, our planet, our galaxy, and our universe all have in common.

Highly recommended videos:

http://www.youtube.com/watch?v=bE2EiI-UfsE

http://www.youtube.com/watch?v=0hvD5kLqjuw&feature=related

http://www.youtube.com/watch?v=U2bAlIK4KkE&feature=related

http://www.youtube.com/watch?v=RE2Lu65XxTU

http://www.youtube.com/watch?v=N4fUjzqCC-8&feature=related

http://www.youtube.com/watch?v=7E2U9D1sakw&feature=related


Highly Recommended Wikipedia Readings:

http://en.wikipedia.org/wiki/Fibonnaci_Sequence

http://en.wikipedia.org/wiki/Golden_ratio

http://en.wikipedia.org/wiki/Fractals

Why I Refuse to be a Part of the Bank Transfer Day Movement

Thursday, October 13th, 2011

This is the movement in question: [Link 1] [Link 2] (The “Occupy Wallstreet” movement has the respectable goal of getting back at banks for raising fees, by encouraging depositors to move all their money to credit unions).

I posted the following message to the Facebook page of the movement, as well as to the Facebook profile of its founder:

As one of YOU, I fully support your cause (I really, WHOLEHEARTEDLY do), but here is why I refuse to join:

This is a bit scary to the extent that it could cause a bank run if it gets enough exposure. Ironically, a bank run would probably result in another round of bailouts.

Even if there’s no bailout, keeping in mind that the fractional reserve system has banks only holding 10 or 20% of depositors’ money in reserve, the other 80% will have to be compensated from the FDIC. And guess what ultimately backs the FDIC? Tax-payers’ money.

This is a financial system that’s designed to fuck over the American consumer no matter how you try to fight it. Granted, I presented a worst-case scenario where the movement would have enough exposure to deplete banks of all their reserves. Even a grass roots movement that would cause a hindrance of, say 5%, can potentially put banks in the red enough for them to have to tap into the FDIC.

I should also note that I acknowledge FDIC’s insurance limit of $250K, but most millionaires are millionaires because they’re smart enough not to hold all of their money in cash (via checking or savings accounts, or even CDs). Hence, most of the lost money resulting from a bank run would in fact be within the FDIC’s insured limit since most accounts are under $250K in value, and since most wealth held by banks is an accumulation of such accounts as opposed to million-dollar accounts.

Please view these links for reference:

http://en.wikipedia.org/wiki/Bank_run
http://en.wikipedia.org/wiki/Fractional_reserve_system

Best,

Robert Rafii

Not to Make Light of Steve Job’s Death, but

Thursday, October 13th, 2011

…here’s a chat log from a conversation I just had with a good friend.  Keep in mind UNIX underpins both Mac OS X, Apple’s desktop operating system, and iOS, which runs the iPhone and the iPad.

My Friend: did you hear that the father of C and one of the inventors of UNIX passed away recently?  that guy did so much more for us than that steve jobs ever did
Me: i did not.  steve jobs is overrated.  i don’t make light of anyone’s death but i’ll just share my philosophy with you in a photo.
My Friend: ritchie invented the programming language every reputable OS is written in
My Friend: have you ever heard of the kerrigan and ritchie book about C
My Friend: this guy was dennis ritchie
Me: i haven’t heard of him.  which is further testament to the sad fact that the guys who deserve real credit are often fucked over by others
My Friend: http://www.wired.com/wiredenterprise/2011/10/thedennisritchieeffect/
My Friend: this was literally the guy who invented C and helped invent UNIX at bell labs
My Friend: very important fellow
Me: isn’t it peculiar that he died 3 days after jobs?
Me: maybe nature is trying to prove a point.
Me: that people who matter the most are the ones that we often overlook
Me: nature: “don’t believe me? here i’ll kill this guy 3 days after steve job’s and you’ll see.”

stevejobs.jpg

IMF Bombshell: Age of America Nears End

Tuesday, April 26th, 2011

I don’t agree with this article, but it’s an interesting read.

http://finance.yahoo.com/banking-budgeting/article/112616/imf-bombshell-age-america-end-marketwatch