The crash in real estate among the very rich who were NOT part of the Wall Street cabal is a fine indicator of “relative valuations.” Bottom line: Everything is worth 50% less now in “real dollars,” and will be worth even less as the US dollar continues to devalue.
In other news of idiocy run amok, we have the Austrlian government bent on censoring the Internet–that’s right up there with those who want to be able to close down the US Internet “in case of emergency”.
Australia will try to censor the Internet
THE AUSTRALIAN GOVERNMENT has decided that the land Down Under will become the only Western Democracy to attempt to censor the Internet.
Despite warnings that the government is committing political suicide and the technology will not work, the Rudd government is screaming for the same controls over its citizens as Communist China.
It is insisting that filtering a blacklist of banned sites will be accurate and won’t slow down the Internet.
Meanwhile, signs of Intelligent Life still active: