Archive for November 2013

The Wall Street Code

A thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer.

From the makers of the much-praised Quants: the Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?

The Wall Street Code

– ICELAND. No news from Iceland?… why?

By Spazzman76  |  Posted May 8, 2012  |

albuquerque, New Mexico
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How come we hear everything that happens in Egypt but no news about what’s happening in Iceland:

In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.

And all of this in a peaceful way. A whole revolution against the powers that have created the current global crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.

This is a summary of the facts:

2008. The main bank of the country is nationalized.
The Krona, the currency of Iceland devaluates and the stock market stops. The country is in bankruptcy

2008. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
The country is in bad economic situation.
A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.

2010. The people go out in the streets and demand a referendum. In January 2010 the president denies the approval and announces a popular meeting.
In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.

In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its people

Have we been informed of this through the media?
Has any political program in radio or TV commented on this?
No! The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world

source : http://ireport.cnn.com/docs/DOC-787377

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Solar Seed 2013

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Posted 3 November 2013 by localmcmedianed in Uncategorized

Douglas Rushkoff on Present Shock: When Everything Happens Now

The always-on, simultaneous society in which we have found ourselves has altered our relationship to culture, media, news, politics, economics, and power. We are living in a digital temporal landscape, but instead of exploiting its asynchronous biases, we are misguidedly attempting to extend the time-is-money agenda of the Industrial Age into the current era. The result is a disorienting and dehumanizing mess, where the zombie apocalypse is more comforting to imagine than more of the same. It needn’t be this way.

Douglas Rushkoff — teacher, documentarian, journalist, and author — discusses insights from his recent book “Present Shock: When Everything Happens Now” with David Weinberger and a live audience at Harvard.

More info on this event here:
http://cyber.law.harvard.edu/events/luncheon/2013/06/rushkoff

Posted 3 November 2013 by localmcmedianed in Douglas Rushkoff

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