China Is Asked for Investment in Euro Rescue

Euro
Image by Images_of_Money via Flickr

A new chapter is being written in the History of Money, Bank and Credit as news of how European leaders are asking for China to rescue them from the chaos they created. I wish this guys reconsidered before continue acting some of the most important principles of Deficit Financing, Freedom, Inflation, Money, Property Rights, Savings, Welfare State, Consumption, Credit; Gold Standard, Market Value, Objective Theory of Values, Production, Purchasing Power, Sanction of the Victim, Selfishness and the Trader Principle just to mention a few before going on making more business that en debts their country’s economy while make their citizens poorer.

And as Ayn Rand cleverly mentioned in regard to Deficit Financing,

The government has no source of revenue, except the taxes paid by the producers. To free itself—for a while—from the limits set by reality, the government initiates a credit con game on a scale which the private manipulator could not dream of. It borrows money from you today, which is to be repaid with money it will borrow from you tomorrow, which is to be repaid with money it will borrow from you day after tomorrow, and so on. This is known as “deficit financing.” It is made possible by the fact that the government cuts the connection between goods and money. It issues paper money, which is used as a claim check on actually existing goods—but that money is not backed by any goods, it is not backed by gold, it is backed by nothing. It is a promissory note issued to you in exchange for your goods, to be paid by you (in the form of taxes) out of your future production.

“Egalitarianism and Inflation,”
Philosophy: Who Needs It, 133

Read more of this news:

PARIS — A day after European leaders unveiled their latest plan to save the euro, top officials opened talks with China in an effort to lure tens of billions of dollars in additional cash, giving China perhaps its biggest opportunity yet to exercise financial clout in the Western world.

China is expected to demand significant concessions, including financial guarantees and limits on what Beijing sees as discriminatory trade policies, in exchange for any investment in Europe’s emergency stability fund. The head of the rescue fund, Klaus Regling, got a cautious reply from Chinese officials Friday during a visit to Beijing, where he said he did not expect to reach an investment deal with China anytime soon.

A senior Chinese official, Vice Finance Minister Zhu Guangyao, said China — like the rest of the world — was still waiting for the Europeans to deliver crucial details on how the rescue fund, the European Financial Stability Facility, would operate and be profitable before deciding on whether to participate. via: China Is Asked for Investment in Euro Rescue by Liz Alderman and David Barboza.

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Fight internet censorship and IP address blockades

A security line outside Google’s Beijing office. (AP/Andy Wong)

Is Internet a neutral zone? Is it a network that runs freely in any place of the world? Or is it controlled and regulated by governments and companies?

Sadly, it is not a free space in which people is able of doing whatever they rationally please. Internet is to a large degree a networked controlled and its globalizing effects are constantly been limited by the regulations and institutions of the countries from which we access it.  Specially in countries that have had a long history of citizen’s censorship and IP address controls.  CPJ‘s list of these countries that have managed to control the most it’s citizens freedom is #1 Iran, #2 Belarus, #3 Cuba, #4 Ethiopia, #5 Burma, #6 China, #7 Tunisia under Ben Ali, #8 Egypt under Mubarak (still continues being so), #9 Syria and #10 Russia.

Also, as noted in Wikipedia in 2006, Reporters without Borders (Reporters sans frontières, RSF), a Paris-based international non-governmental organization that advocates freedom of the press, started publishing a list of “Enemies of the Internet”. The organization classifies a country as an enemy of the internet because “all of these countries mark themselves out not just for their capacity to censor news and information online but also for their almost systematic repression of Internet users.” In 2007 a second list of countries “Under Surveillance” (originally “Under Watch”) was added. Both lists are updated annually.

Enemies of the Internet:

Internet censorship by country

As mentioned by Danny O’Brien in CPJ, “The world’s worst online oppressors are using an array of tactics, some reflecting astonishing levels of sophistication, others reminiscent of old-school techniques. From China’s high-level malware attacks to Syria’s brute-force imprisonments, this may be only the dawn of online oppression.”

Now, the principle in discussion here is what can we do to act freely in the Web? First, there are some services that enable you to block the origin of your IP address (learn what an IP is at the end of the post) and to access many websites by hiding your country of origin; one private and free service is HMA! or How to Bypass Internet Censorship.  But the most important one’s are the following online agencies and organizations that are working to inform and educate internet users of their rights and obligations:

What is an IP address:

Every device connected to the public Internet is assigned a unique number known as an Internet Protocol (IP) address. IP addresses consist of four numbers separated by periods (also called a ‘dotted-quad’) and look something like 127.0.0.1.

Since these numbers are usually assigned to internet service providers within region-based blocks, an IP address can often be used to identify the region or country from which a computer is connecting to the Internet. An IP address can sometimes be used to show the user’s general location. vía: http://whatismyipaddress.com/

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Coming in November 20 the TEDxYouth Events!

 

 

TEDxYouthGuatemalaCity

In November 20, 2011 TEDx organizers across the globe will host events for (and by) young people. These TEDxYouthDay events will vary widely in size, format and theme, but they will share a common vision: inspiring curiosity, igniting new ideas, empowering young leaders. A group of my friends is organizing the TEDxYouthGTCity that will emphasize on the theme of Heroes (who they are, what are they made of, and what do they do).

If you are in Guatemala and are interested in participating please register in this form.  They have limited seats for this conferences that promise to be fantastic!!! For other locations around the globe check here which event is closer to you: where’s going to be the closest TEDxYouth to your location

I invite you to meet the speakers of the 2011 TEDxYouthGTCity:

                          

                          

                 

Finally, we are 7 Billion

Video: 7 Billion,National Geographic Magazine

The human population on planet Earth has reached for the first time in history 7 billion  as reported by the United Nations[1]. As of today, October 28, 2011 at  16:44 (GMT+1) it was estimated to be 6.92 billion by the United States Census Bureau[2] and you can check their World Population Clock.  and 7 billion by .  But also, we can also acknowledge that this is also the first time in human history in which most humans have access to medical services, potable water, electricity.

As Susa Lewis from Nova acknowledges, “For most of human existence our ancestors led precarious lives as scavengers, hunters, and gatherers, and there were fewer than 10 million human beings on Earth at any one time. Today, many cities have more than 10 million inhabitants each, and populations continue to skyrocket.”

Largest Urban Agglomerations, 1975, 2000, 2025

Source: United Nations, World Urbanization Prospects: The 2007 Revision.
Source: United Nations, World Urbanization Prospects: The 2007 Revision.

Also, the UN World Urbanizaiton Prospects reviewed that “Through most of history, the human population has lived a rural lifestyle, dependent on agriculture and hunting for survival. In 1800, only 3 percent of the world’s population lived in urban areas. By 1900, almost 14 percent were urbanites, although only 12 cities had 1 million or more inhabitants. In 1950, 30 percent of the world’s population resided in urban centers. In 2008, for the first time, the world’s population was evenly split between urban and rural areas. There were more than 400 cities over 1 million and 19 over 10 million. More developed nations were about 74 percent urban, while 44 percent of residents of less developed countries lived in urban areas.”

World Population Cartogram

Nova has the following interactive map in which you can trace the dramatic growth of human populations over recent centuries, and see where on Earth as many as three billion more people may live by 2050.

Launch Interactive – Printable Map Version

New challenges for humans will continue appearing with so many of us living here.  However, it is not the number what really matters but how we are all going to live here.  Currently, Thomas Malthus famous argument from 1798 in which he said “that population growth was a critical problem, reasoning that because human population grows exponentially while our food supplies grow linearly, that our growth would lead to massive problems” has already been proven wrong.

But what has still not being solved is the current philosophical crisis in which we live.  For a great part of human history, the world has been ruled by a collectivist philosophy of life that in the words of Ayn Rand “promoted the subjugation of the individual to a group (kings, oligarchs, nobility, religions, patrimonialists, corporations, parties, communities)—whether to a race, class or state does not matter. Collectivism holds that man must be chained to collective action and collective thought for the sake of what is called “the common good.” The previous sentences are very important and cannot be passed without understanding its historical results.  You can further explore them in the work of Leonard Peikoff titled “The Ominous Parallels“.

For more information regarding human population check the following links:

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Video: A History of Economic Booms and Busts

When an economy falls into a recession, we typically observe a cluster of people making similar investment mistakes.  According to historian Stephen Davies, these investment errors occur because governments or central banks manipulate the supply of money. These manipulations place artificial downward pleasure on interest rates, creating false signals that entice individuals to invest in what end up being unprofitable ventures. Booms and busts are not a new phenomenon of this century, but rather, have occurred throughout history both in America and around the globe.

via:

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