62 trillion USD and a lever that could lift a world

archimedes_lever_small

There’s a sentence, maybe apocryphal, attributed to the famous proto-scientist Archimedes: “Give me a place to stand and with a lever I will move the whole world.”; this is one of most cited sentence ever and the basic idea is clear: with the proper fulcrum and the right lever, even the biggest things can be moved.

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Spending for the future

Satellites_For_Sale_-_GPN-2000-001036

I think that we all hear the same old story, no matter the country you live in. “We should stop to waste money on space-related programs, there are so many problems to be solved here! Who cares for probes, telescopes and stuff like that when we have so many people suffering on Earth?”

At first, such an argument could sound good. We have a number of ongoing wars, there are a lot of people under the minimum living conditions, a declining global ecology and  other worrying stuff at hand.

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No bank is safe, just remember it

English: A speech in The New York Times newsro...

English: A speech in The New York Times newsroom after the announcement of the 2009 Pulitzer Prize winners (Photo credit: Wikipedia)

I was reading a cool article from NYT (here) about possible links between hacking operations and heist made thru international networks. I was also wondering about the perception of bank’s security today, as seen from the everyday client.

You see, I work in the IT and I know for sure how much money has been invested in the last three decades to have the best security level possible, not to mention all the national and international laws made to protect sensible data at any level.

Truth is, no open system is 100% safe. No matter how good are the security standards, how much money and efforts have been set up and what else incredible instrument you could imagine. At the very core of any system, there will be human operators. They are the weak spot.

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The end of an era – banks are back to Middle Age

Moneychangerrembrandt

One of the most relevant facts about the ever-lasting financial crisis we’re in it’s about the ultimate fate of the banks as we know it. And it’s related to our business relations with them. Like it or not, we need some financial institution to make money go round and some form of bank it’s with us since the Middle Age.

Do you already know that banks come out from that period, don’t you? Of course, it works in a different way back then. You used well-established merchants to deposit gold or silver, getting credit letters – a form of warrant where the said merchants guarantee your deposit, all for a price. Yes, back then you actually pay the bank to keep your money safe.

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Money and Lies

You have heard of the confrontation running between Greece and EU about economic matters and maybe you’re waiting for the results of today’s referendum to know if a tiny country will refuse or not to find another economic agreement with the so-called “troika” (that’s ECB, EU and IMF).

The best thing of all this noise is about the time dedicated by media on this kind of problems. Maybe, just maybe, more and more people will start to understand to monumental mass of lies that goes around modern-day economics, starting with the money itself.

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