Daily Archives: October 10, 2011

Economic Quote for the Day

Why do we need banks at all? If it sounds crazy – a world without banks – it is not.

We have become so used to storing money in banks and talking to our banks that we have forgotten what they do. Simply put, banks borrow money from you, and lend it out to borrowers at a higher rate than they pay you in interest. That is it: Banks are lenders. They provide credit. Everything else is window dressing.

***

You think banks provide safety? Wrong. That is the government and FDIC…. So why do you go to a bank? Because your brain has been trained to believe that you can trust them.  Their brand means safety to you. You assume that their risk management is better than yours, and therefore will protect your money and enhance its value.

What if that assumption is wrong?

– Economist Michael Eisenberg quoted in Washington’s Blog

There are so many potential enemies destroying our free society through economic and political means that it it hard to see where to grab on that would be effective. I watch the spread of Occupy Wall Street and I am impressed with the energy, but I don’t see where it will end… positively or negatively.

Meanwhile, we are slowly moving into Depression-level Unemployment and politicians are very busy clawing at each other as a means to attract corporations.

It’s hard to see a way to win given the present Congress and Administration. If we could only Raise FDR from the grave (Yeah, I’m influenced by Greek Tragedy.)

Pages and pages of Spam… where do these people come from?

No-spam

It's not just for lunch any more.

There’s been an increase lately in the amount of Spam comments Under The LobsterScope is drawing… from all over the globe. Aside from the usual rush of porn services and Christian dating organizations which seem to want to play with my little atheist life, I’m getting a ton of relatively meaningless post which re really designed to get people to click on their sources, thus providing free advertising for all kinds of services, legal or spurious.

The software I use to eliminate the Spammers from the legitimate list of commentors is working just fine, thanks, but it is at times when I go away from the blog for a stretch, as I did overnight, that they tend to build up in the “check me” area (which I usually ignore.)

Here are some samples I discovered this morning (without providing any source addresses):

I’m extremely impressed along with your writing talents and also with the format on your blog. Is this a paid subject matter or did you modify it yourself? Either way stay up the excellent quality writing, it is rare to peer a great blog like this one nowadays..
(linked to a detail picture I ran almost a year ago of Los Angeles’  Watts Towers)

This is my own first time i really visit here. I found so many interesting stuff into your blog, most definitely its chat. From the a ton of comments for your articles, I’m assuming I am not the only one having every one of the enjoyment right! Keep up the good work.
(linked to another picture I ran almost a year ago of the Watts Towers)

Submit could be very well composed, and never forgetting to mention that it can be incredibly informative at the same time. Kudos for you for that excellent career well accomplished there!
(from someone who is selling a self-improvement program at his site looking for free advertising)

Greetings! I’ve been reading your blog for a long time now and finally got the bravery to go ahead and give you a shout out from Austin Texas! Just wanted to say keep up the fantastic work!
(sent from someone in Gdansk… is that near Austin? BTW, also a response to a Watts Tower Detail from months ago.)

Aside from an unusual idea that if they link to a picture or article on the Watts Towers I’ll let them run their merry scam… thus telling me that their prime target is someone searching for California tourist info… The fact that they assume outrageous compliments to my posts will get them “under the rabbit fence”, so to speak, implies that they see my ego as attackable.

It’s not.

They also have a major lack of mastery of English (which is why so many of them seem to be coming from Russia or Poland… not to mention the ones with Chinese characters that are unreadable to me or my ID software and are thus automatically eliminated.

I assume most of this stuff is coming from automatically generated lists based on key words… I can’t imagine someone is actually wasting real, personal time trying to trick me into running their dreck. Although is someone really wants to use UTL as a vehicle for garbage promotion, I sure wish they would reconsider.

OK, I’m back…

This was an uncomfortable experience…covered with wires and trying to sleep. The most uncomfortable device was the one they plugged into my nose!

Anyway, I’m back home now… and I think I’ll go take a nap to make up for the sleep I didn’t get in the sleep lab.

I’ll be back on line this afternoon.