Daniel Hannan Urges Cyprus To ‘Default, Devalue, And Decouple’ Itself Back To Growth

Which is the best option for Cyprus actually, BUT then the banksters would be completely screwed and wiped out.

Also in the case of a default and devaluation investing in physical silver and gold would give you the best protection for your assets and their value.

Flashback:

Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%!

Belarus Devalues Its Currency By 56% Overnight, Against Every Currency Out There:

Luckily for those who held their “money” in the form of gold and silver, they just got an instantaneous 56% value preservation and a relative boost in their purchasing power with just one central bank announcement.

Belarus Central Bank Halts Sales Of Gold For Roubles

Got physical gold and silver (not stored in the banking system)?


Daniel Hannan Urges Cyprus To “Default, Devalue, And Decouple” Itself Back To Growth (ZeroHedge, March 19, 2013):

“Either Cyprus is going to have to find the money to fund the bailout, or it’s going to have to leave the Euro – to default, devalue, and decouple,” is the cold hard truth that UK MEP Daniel Hannan explains in this brief clip. Neither of these paths, he goes on to say, is an easy one, but he believes “there is no doubt the second of them is the less painful – allowing Cyprus to price itself back into the market and start exporting its way back to growth again.”

There are no good outcomes for a country as indebted as Cyprus is, “but if I were a Cypriot member of Parliament, I would vote now to go back to an independent currency as the least painful of the various difficult options.” Hannan then makes a fantastic point, “in the rest of Europe, we have measured the cost of monetary union in unemployment, deflation, poverty, and emigration; in Cyprus that wasn’t enough, they have had to gouge the savers directly,” and so the Cypriots who claim to want to stay in the Euro can now quantify the cost of that shackle, as he reminds us that , “you don’t have to be a Russian oligarch to have EUR 100,000 in the bank,” as he concludes, “the really interesting question is – who’s next?”

Now that the precedent has been set (that governments can come after what is in your savings account) what country is safe?

The Living Robot

Researchers have developed a robot capable of learning and interacting with the world using a biological brain.


Credit: Kevin Warkwick

Kevin Warwick’s new robot behaves like a child. “Sometimes it does what you want it to, and sometimes it doesn’t,” he says. And while it may seem strange for a professor of cybernetics to be concerning himself with such an unreliable machine, Warwick’s creation has something that even today’s most sophisticated robots lack: a living brain.

Life for Warwick’s robot began when his team at the University of Reading spread rat neurons onto an array of electrodes. After about 20 minutes, the neurons began to form connections with one another. “It’s an innate response of the neurons,” says Warwick, “they try to link up and start communicating.”

For the next week the team fed the developing brain a liquid containing nutrients and minerals. And once the neurons established a network sufficiently capable of responding to electrical inputs from the electrode array, they connected the newly formed brain to a simple robot body consisting of two wheels and a sonar sensor.

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Uncle Sam Wants Your Brain

Drugs that make soldiers want to fight. Robots linked directly to their controllers’ brains. Lie-detecting scans administered to terrorist suspects as they cross U.S. borders.

These are just a few of the military uses imagined for cognitive science — and if it’s not yet certain whether the technologies will work, the military is certainly taking them very seriously.

“It’s way too early to know which — if any — of these technologies is going to be practical,” said Jonathan Moreno, a Center for American Progress bioethicist and author of Mind Wars: Brain Research and National Defense. “But it’s important for us to get ahead of the curve. Soldiers are always on the cutting edge of new technologies.”

Moreno is part of a National Research Council committee convened by the Department of Defense to evaluate the military potential of brain science. Their report, “Emerging Cognitive Neuroscience and Related Technologies,” was released today. It charts a range of cognitive technologies that are potentially powerful — and, perhaps, powerfully troubling.

Here are the report’s main areas of focus:

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The Government Is Trying to Wrap Its Mind Around Yours

Imagine a world of streets lined with video cameras that alert authorities to any suspicious activity. A world where police officers can read the minds of potential criminals and arrest them before they commit any crimes. A world in which a suspect who lies under questioning gets nabbed immediately because his brain has given him away.

Though that may sound a lot like the plot of the 2002 movie “Minority Report,” starring Tom Cruise and based on a Philip K. Dick novel, I’m not talking about science fiction here; it turns out we’re not so far away from that world. But does it sound like a very safe place, or a very scary one?

It’s a question I think we should be asking as the federal government invests millions of dollars in emerging technology aimed at detecting and decoding brain activity. And though government funding focuses on military uses for these new gizmos, they can and do end up in the hands of civilian law enforcement and in commercial applications. As spending continues and neurotechnology advances, that imagined world is no longer the stuff of science fiction or futuristic movies, and we postpone at our peril confronting the ethical and legal dilemmas it poses for a society that values not just personal safety but civil liberty as well.

Consider Cernium Corp.’s “Perceptrak” video surveillance and monitoring system, recently installed by Johns Hopkins University, among others. This technology grew out of a project funded by the Defense Advanced Research Projects Agency — the central research and development organization for the Department of Defense — to develop intelligent video analytics systems. Unlike simple video cameras monitored by security guards, Perceptrak integrates video cameras with an intelligent computer video. It uses algorithms to analyze streaming video and detect suspicious activities, such as people loitering in a secure area, a group converging or someone leaving a package unattended. Since installing Perceptrak, Johns Hopkins has reported a 25 percent reduction in crime.

But that’s only the beginning. Police may soon be able to monitor suspicious brain activity from a distance as well. New neurotechnology soon may be able to detect a person who is particularly nervous, in possession of guilty knowledge or, in the more distant future, to detect a person thinking, “Only one hour until the bomb explodes.” Today, the science of detecting and decoding brain activity is in its infancy. But various government agencies are funding the development of technology to detect brain activity remotely and are hoping to eventually decode what someone is thinking. Scientists, however, wildly disagree about the accuracy of brain imaging technology, what brain activity may mean and especially whether brain activity can be detected from afar.

Yet as the experts argue about the scientific limitations of remote brain detection, this chilling science fiction may already be a reality. In 2002, the Electronic Privacy Information Center reported that NASA was developing brain monitoring devices for airports and was seeking to use noninvasive sensors in passenger gates to collect the electronic signals emitted by passengers’ brains. Scientists scoffed at the reports, arguing that to do what NASA was proposing required that an electroencephalogram (EEG) be physically attached to the scalp.

Read moreThe Government Is Trying to Wrap Its Mind Around Yours

Pentagon’s Mind-Reading Computers Replicate

Augmented Cognition,” the Darpa program to build computer interfaces that adapt to their users’ brains, has officially run its course.  But efforts to build mind-reading PCs continue throughout the military establishment.  Augmented Cognition relies on the idea that people have more than one kind of working memory, and more than one kind of attention; there are separate slots in the mind for things written, things heard and things seen. By monitoring how taxed those areas of the brain are, it should be possible to change a computer’s display to compensate. If people are getting too much visual information, send them a text alert. If they reading too much at once, present some of the data visually — in a chart or map.

augcog_boeing.jpg

The Air Force has tapped Design Interactive, Inc. to build a battlefield command-and-control system that works along these lines.  It’s supposed to use EEG and eye-tracking monitors to “assess the operator’s actual cognitive state.”  That way, the system can play around with its “information display” to “avoid cognitive bottlenecks before they occur.”  And that’s just the start.  Eventually, the company wants the program to “anticipate future mission state and operator functional state ahead of time,” too.

Read morePentagon’s Mind-Reading Computers Replicate