This is Greek to me, but it is time we started listening to the imperatives of our new leadership.
BoardAd, another of new leaders, took it upon himself to edit the Untrained Eye. I didn’t know that. I don’t NEED to know. The point is he just DID it. That’s what leaders are for.
I do not want to end up like William Pierce, a great man who had no sucessors. I want less unique greatness for Ole Bob and more people who use me as a BEGINNING.
DAVE:
Microsoft made the default file format XML for the Microsoft Office Suite in its new Windows Vista operating system. Few have any clue as to what this means.
But if Microsoft is anything, it is very pragmatically oriented educational institution, aimed encouraging very smart and creative software developers to put their energies into things that make sense.
And if anything makes sense, it makes sense to encourage software developers to learn and enhance the XML application-programming interface. Making XML the default file format for the Microsoft Office Suite encourages this.
XML is revolutionary for it is a platform for expelling all the legal, accounting and auditing and financial clearing pilot fish from our economic system.
The Visa Master Card monopoly will ultimately not survive XML. Neither will the contract lawyers’ bar, the accounting and auditing profession, and a big piece of the finance profession also.
XML will enable business alliances to spontaneously form based upon handshake deals for the sharing of revenues, expenses, and activities concluded and memorialized in the very software code that enacts the clearing and netting of alliance financial obligations. This will be accomplished in a manner that is completely transparent and sound from a fraud prevention and financial accounting perspective while cutting out the rakeoffs from today’s accounting and auditing, financial clearing, and law firm pilot fish.
Visa MasterCard, FedWire, SWIFT, the ACH system, and the Depository Trust Corporation (among others) are going to get some serious competition. A lot of regulators are going to be left with nothing to do.
A whole big swath of administrative, financial, legal, and accounting overhead of enacting business will disappear downward into the technology stack and become completely automated because of XML technology.
The entire nature of business will change because the regulators and today’s financial clearing organizations will be shut out like it or not. The competitive landscape will change from reliance on hard to source technical, accounting, and legal talent to interpretive abilities for the detection of opportunities for adaptive specialization and alliance formation.
The Chinese, Indians, and Japanese cannot even conceive of this emerging landscape. They are still locked into electricity utilities, skyscrapers, freeways, shopping malls, and phone systems with C-level people prancing around with big entourages.
They are perennially behind. They are perennially playing catch-up. They are perennially pretending they are smart while they are actually under-performing.
The darkies, (Mexicans and Blacks), well, they are just lost. Completely lost. The world of today is not accessible to them, let alone the emerging world of tomorrow.
It is just beyond their comprehension. That is all that can be said. Their role can only be kitchen staff, janitors, maids, groundskeepers, and security guards
#1 by mderpelding on 11/06/2007 - 7:35 pm
Not to be the token Luddite, but can Dave perhaps summarize the following in layman’s terms?
” DAVE:
Microsoft made the default file format XML for the Microsoft Office Suite in its new Windows Vista operating system. Few have any clue as to what this means.
But if Microsoft is anything, it is very pragmatically oriented educational institution, aimed encouraging very smart and creative software developers to put their energies into things that make sense.
And if anything makes sense, it makes sense to encourage software developers to learn and enhance the XML application-programming interface. Making XML the default file format for the Microsoft Office Suite encourages this.
XML is revolutionary for it is a platform for expelling all the legal, accounting and auditing and financial clearing pilot fish from our economic system.
The Visa Master Card monopoly will ultimately not survive XML. Neither will the contract lawyers’ bar, the accounting and auditing profession, and a big piece of the finance profession also.
XML will enable business alliances to spontaneously form based upon handshake deals for the sharing of revenues, expenses, and activities concluded and memorialized in the very software code that enacts the clearing and netting of alliance financial obligations. This will be accomplished in a manner that is completely transparent and sound from a fraud prevention and financial accounting perspective while cutting out the rakeoffs from today’s accounting and auditing, financial clearing, and law firm pilot fish.
Visa MasterCard, FedWire, SWIFT, the ACH system, and the Depository Trust Corporation (among others) are going to get some serious competition. A lot of regulators are going to be left with nothing to do.
A whole big swath of administrative, financial, legal, and accounting overhead of enacting business will disappear downward into the technology stack and become completely automated because of XML technology.
The entire nature of business will change because the regulators and today’s financial clearing organizations will be shut out like it or not. The competitive landscape will change from reliance on hard to source technical, accounting, and legal talent to interpretive abilities for the detection of opportunities for adaptive specialization and alliance formation.”
Seems like a lot of words. Kinda reads like a school of education mission statement.
Note the sweeping subjective statements in this conclusion:
“The entire nature of business will change because the regulators and today’s financial clearing organizations will be shut out like it or not. The competitive landscape will change from reliance on hard to source technical, accounting, and legal talent to interpretive abilities for the detection of opportunities for adaptive specialization and alliance formation.”
And yes Batman, that is the conclusion.
The rest is wholly grafted racial agitprop.
To whit…
“The Chinese, Indians, and Japanese cannot even conceive of this emerging landscape. They are still locked into electricity utilities, skyscrapers, freeways, shopping malls, and phone systems with C-level people prancing around with big entourages.
They are perennially behind. They are perennially playing catch-up. They are perennially pretending they are smart while they are actually under-performing.
The darkies, (Mexicans and Blacks), well, they are just lost. Completely lost. The world of today is not accessible to them, let alone the emerging world of tomorrow.
It is just beyond their comprehension. That is all that can be said. Their role can only be kitchen staff, janitors, maids, groundskeepers, and security guards.”
Yes Dudley, we’d best reiterate to the dark masses their proper place. Except…
The Raj is long gone.
Those little dark people are coming to your town.
They want to mate with your daughters.
XML will facilitate that. Technology is indiscriminate.
Bill Gates got rich because he made sure that even savages could utilize his product.
Same with Steve Jobs.
#2 by Tim on 11/06/2007 - 9:40 pm
What about Open Office?
#3 by Prometheus on 11/06/2007 - 9:55 pm
Microsoft is starting, just starting to perhaps realise that making their software in a way that it is not interoperable or compatible with other software just doesn’t pay off. Pragmatic? I don’t really think so. You don’t have to be pragmatic when your customers have nowhere else to go. You only have to be marketable.
MS had a monopoly for a long time and were able to use that to leverage competitors out. Closed file formats were a good way of making sure that if you used MS Word to make a document, everyone else had to have MS Word to open it. I think they see the future, and that this type of shenanigan will put them on the outs.
However the XML stuff has lost me. Greek to me I’m afriad, or should that be Sanskrit. I don’t understand it. I know what XML is but I can’t see how XML is going to automate everything. It seem just a neat and flexible way of describing data.
Just a side comment, it is worthy to note that most whites probably don’t know how this technology operates. It is far to say that many other nations may only be able to adapt and copy, but the workings of your TV, or how to program a PC isn’t anything that is taught in schools. Kids used to play with electronics and have chemistry sets, but everything is so tame. Computers have their specs hidden, cars are built so the components and engine is hidden. Information is becoming more and more monopolised, hoarded and jealously guarded. Our system makes sure we are all equally ignorant, regardless of race.
This is why XML doesn’t seem a revolution, only a step away from the propreitariness of the computing past.
#4 by AFKAN on 11/07/2007 - 1:00 am
A quick comment on XML:
The bank tech guys I talked to spoke of a variant of XML that is designed for financial institutions.
They speak of this as being the real Holy Grail, because all of the people who touch financial information and data will be able to do a lot more, a lot faster, a lot more intelligently with the Financial version of XML.
These guys see finance in a world of abstraction that we can barely imagine. In fact, there is a special database tool that works directly with the feed from the exchanges, and does arbitrage so quickly that the wealthiest and smartest brokers are building their computers within FEET of the exchange mainframes, to gain them the microsecond edge they need in doing these routines.
Remember 1987, where they blamed the market drop on automated systems working in lock step to undermine the market – all perfectly rational, and all done at the speed of light?
Remember when they announced circuit breakers were being installed in the software to insure it does not happen again?
Last Friday – late in the day – and this was only reported on Bloomberg – those circuit breakers were taken off…
Uh oh.
Imagine you are trying to do basic options – say, butterfly straddles – with a computer that pulled the data from within FEET of the mainframes where the raw data comes from before it gets transformed into the quotes you see. Now amplify this with ability with strong financial AI.
The Financial XML turns financial data into a commodity, and helps to insure integrity of the data.
Hence, software will replace another five levels of essentially clerical employees, and it will allow them to quickly assemble packages of financial instruments, and value them accurately, all at damn near the speed of light.
This is the problem with the system we have now.
Packages of securities of questionable parentage were divided into subpackages, called tranches, based on five levels of risk – and the quantification of that risk is highly suspicious, as is the actual ownership of the original securities.
So, in the current system, we have questions as to who owns what part of the package of securities sold, as well as the valuation of the securities, as well as the value of the derivatives of those securities.
And the companies that INSURED the mortgages are going under, which says nothing good about vaulation methodologies.
I suspect when all of this we are facing economically is said and done, say, in ten years, the rating agencies will have been “reformed.” Fitch has its own derivatives valuation shop separate from Fitch Ratings. I suspect there is an excellent reason for that.
Financial XML will go a long way to correcting the lack of integrity of the financial instruments. Hell, this will have to be done, if they are to get Joe Six-Pack and his hundred share buys back in the market, five years or so from now.
Sorry if this rambles a bit, but the absolute importance of Financial XML has the banks tech heads becoming VERY familiar with it.
After all, in the modern West, money is now digital, and some means of insuring the integrity of the financial system – money, and the assets and liabilities of financial institutions – at a digital level is required.
Financial XML seems to take care of a lot of those issues.
#5 by Dave on 11/07/2007 - 9:57 am
Mderpelding,
Until the late 1980s, electronic databases were wholly proprietary (e.g., they couldn’t talk to each other).
Then along came SQL (structured query language) and these proprietary databases where retrofitted with a standardized interfaces so they could talk to another.
This permitted a great advance in the usefulness of computers because of the triumph of a uniform standard (disparate applications could now interoperate) in the same way standardized rail gauges for railroads transformed the usefulness of trains in the early days of railroading.
XML is simply SQL for the Internet. It allows disparate applications to interoperate over the Internet. Applications under the XML standard do not need to know anything about each other’s database structure. It is all resolved by a standardized interface that allows disparate applications to figure each other out without knowing each other’s internal database architecture.
The adoption of the XML standard has been very slow because Internet security issues have gotten in front of the software development community in the priority queue.
Microsoft with its new Vista operating system has went a long way to finally disposing of the security issues that have been plaguing us since the triumph of the Internet in the mid-1990’s. It is now time for the Internet to be XML’ized.
This means that all those “pilot fish” that leveraged their ability to rake off enormous sums from businesses from their control of critically necessary proprietary networks (e.g., Visa Mastercard, et al) will loose their leverage. With an XML’ized Internet, any alliance of businesses will be able to clear their trades with networks they establish themselves on the fly, end running the proprietary “big dogs”.
Don’t think the “big dogs” don’t see it coming. For example, the big commercial banks have been busy for years positioning themselves to take over the accounting industry. Think of the huge range of services you already can receive from online banking without the XML standard.
With XML, the coding of transactions can be completely automated and the resolving of these transactions into disparate database structures can be accomplished without any human intervention. This will enable banks, for example, to offer both their business and individual customers the ability to automatically produce financials eliminating the need for accountants. Your tax return will get completed automatically.
Also, XML permits the operational terms of business agreements to be imbedded in an accounting structure that gets resolved automatically for all parties to the agreement without any human intervention.
Contracts are about who is responsible for what, and events that trigger obligations.
XML’ized software is able to deal with that. People wanting to do business with one another don’t need expensive lawyers charging them for BS when they have an alternative means to “flip the pancake” themselves and do it competently.
#6 by Dave on 11/07/2007 - 10:30 am
Mperdling,
Technology IS NOT indiscriminate. It is not the tool that matters, it is the mind behind the tool.
That was the point of Robert Whitaker’s recent coaching post “Socialism, Hindsight, and the IQ Obsession”. By the way, I hope our seminar participants realize the brilliance of that post.
It is rare in life that you will ever be provided greater lucidity that than from any teacher. Posts like that transform worlds. I will never forget that post until the day I die.
There is a big industry today that tracks Internet users demographically. Asians, Mexicans, and Blacks don’t like the Internet. They like cell phones. They don’t like PCs.
The marketing industry that tracks who uses the Internet is embarrassed from the standpoint of political correctness.
It is well known that it is whites in the Anglo Saxon countries and white Germans, Dutch, Danes, Swedes, etc. that are the big users of the Internet. The whole thing is Nordic-Germanic- Anglo-Saxon.
The execs at Google don’t like to talk about it too much, but if you ever want a racial map broken down into the most intelligent segments of the Caucasian demographic, just take a look at who is online at any given moment. Google does that. It is almost shocking. You are really looking at real time picture of who is running the world. It is a map of our heritage.
#7 by mderpelding on 11/08/2007 - 5:43 am
Dave,
To summarize, XML makes it possible to provide software as a web-based service. So you don’t have to buy a suite of expensive software you only partially use. Instead, you subscribe to just the features you need and the software, such as MS Office, then functions on your browser.
To summarize further, you become ever more dependent on large scale elites like our leftist buddy Bill Gates to function.
So much for independence.