Presenting Riski: Another Open-Sourced Project Bringing "High Finance" To The People, And A Damned Good Index Catalog

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Sun, 01/02/2011 - 12:24 | 842521 zhandax
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(we urge Free Risk to add a node on Shadow Banking, by far the most important term in finance for the past and upcoming decade)

Tyler, they read your mind.


Sun, 01/02/2011 - 12:36 | 842522 Sean7k
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Well, if the CIA contributes to this site as much as to wikipedia, I'm sure it will be cleansed of any useful data and then propagandized to encourage the bankster agenda.

Until people recognize the total failure of regulation (except when used to eliminate competition) as a concept, as a rule of law and as control on criminal behavior, we can do nothing to create transparency in markets. The part of "free markets" that few understand is their ability to discipline market actors. However, humans believe and are led to believe it is only when we act that something can be fixed or protected. Ask mother earth how well that is working out. If regulation works, then why is it constantly in need of overhaul and amendment?

The percentage of people willing to pay attention to the detail of 2000 page bills (bills representatives fail to read or understand) is miniscule and incapable of creating a stir in the world of modern hypnotic media.

If you want to develop transparency, free markets and "level the playing field", you have to recreate the concept of government as we know it. Government must be cut to an absolute minimum. This minimizes the ability of a few elites to game the law system.

The judicial system has to be independent of government and function as a protector of common law, eschewing liability law and commercial code. It must be privately financed so it is beholden to the people- not the government that grooms, elects and empowers it's members.

Finally, the power of the purse must reside in the individual and not through representation. Therefore, taxation must be voluntary. The currency must be protected from legal tender laws. Once people recognize they can "vote" themselves appropriations- the horse has left the barn. Once people can be bought off with small entitlements- people lose the encouragement to work. Once charity is transferred to government- the people are excused from compassion. Once all of your wages and profits remain in your wallet and you gain power over their distribution- you become empowered and liberty is rediscovered.

Sun, 01/02/2011 - 12:48 | 842551 zhandax
zhandax's picture

Worthy sentiment.  How do you propose getting from here to there? 

Some take the 'Its a start' approach as shown by many here buying their own lawful money as proscribed by the Constitution.  Others take the political approach which has resulted in the Tea Party (for better or worse).  Riski is yet another 'Its a start'.  Will any of these small starts ultimately be successful in getting us 'there'?  Best guess looking at the dawn of 2011 is no; it will require collapse or something close enough to flush the toxins from the system.  The true value of these small starts may not be seen until we begin to dig out from the rubble.

Sun, 01/02/2011 - 12:59 | 842564 Sean7k
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Of course, power is never surrendered willingly- it is fought for- often to the point of total destruction. Still, like you've said, small starts, developing a foundation of political and economic inquiry that results in the establishment of liberty and the elimination of traction for elites to further feed off the host of society would be useful. A shovel to help remove the rubble, lay a new foundation and rebuild with the permission of society- rather than dictating the rules of a new enslavement.

Sun, 01/02/2011 - 14:11 | 842668 jeff montanye
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it's not so much the size of government, it's how carefully the people discipline it.  francis fukuyama has an essay on income inequality and recent politics that casts some light.

Sun, 01/02/2011 - 14:20 | 842681 dark pools of soros
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nothing short of energy, food and debt freedom will free the people... well, it will at least put the people in a position to fight once the taxes are raised insanely as a last resort


when people deprogram themselves into living in ways to greatly reduce their energy and food consumption it grants them more and more freedom.  Don't think of it as a freedom on/ freedom off.  think of it as a sliding scale towards less shackles and more empowerment

Sun, 01/02/2011 - 12:24 | 842524 AnAnonymous
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If they reach the same reliability as Wikipedia, that is going to be extremelly fine for doom and gloom proponents...

Sun, 01/02/2011 - 12:29 | 842528 knukles
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As Wikipedia is the world's most authorative and exhaustive compendium of imaginary and made up "fact", given the open Wiki format, shall Riski follow?

Sun, 01/02/2011 - 12:48 | 842548 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

 a unique niche just begging to be penetrated

Is the by-line correct?  This sounds like Money McBags... ;)

Sun, 01/02/2011 - 12:48 | 842550 doolittlegeorge
doolittlegeorge's picture

wow, a biz plan being promoted on ZH.  What's next...a ceo interview?  financial data?  growth prospects?  love it!

Sun, 01/02/2011 - 14:26 | 842686 dark pools of soros
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you forgot IPO - do it Tyler, ticker ZH is all yours..  make sure the goldman sack and JPM have an equal part in bringing you to market and 'sustainability'


pay the divies in gold/silver physical


Sun, 01/02/2011 - 13:00 | 842566 Dollar Bill Hiccup
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Nice idea.

Sun, 01/02/2011 - 14:09 | 842659 ArmchairRevolut...
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I like the idea.  Maybe instead of being a place where people bitch and moan about the issues, it can be a place where people get together and solve particular issues.  Thank you for sharing this Tyler.

Sun, 01/02/2011 - 15:34 | 842754 Mercury
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There is a lot of overlap with Wikipedia but hey, it can't hurt and having finance-related subjects concentrated in one area is helpful in many circumstances I think.


Fair, stable and transparent financial markets and system are cornerstones for democracy.

Good Lord can we please stop associating democracy with everything that is fair and good?  I actually blame Bush for this meme when he was selling the Iraq and Afghanistan wars. Democracy isn't even that far up the list of things that make (made) the USA special and unique.  Democracy is morally neutral, period.  You would much rather live in a monarchy with private property rights, enforceable contracts, a high degree of personal liberty and the rule of law than in a democracy without (or less of) those things. 

Financial markets, transparent or not, don't really have anything to to do with 'democracy' per se.

The Founding Fathers emphisized liberty over democracy for a reason. Right now it seems like we have less and less of the former and more than ever of the later.

Sun, 01/02/2011 - 19:01 | 843081 lynnybee
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Bingo !  .... thank you for saying that !

Sun, 01/02/2011 - 15:47 | 842785 onlooker
onlooker's picture

Several happy bookmarks to start the New Year. I don’t know if this is an accurate statement or fools play, but for me it appears to be a sort of Rosetta Stone. At the very least it is an educational tool of excellent value to me. Spot on, dialed in, on song.

Sun, 01/02/2011 - 16:20 | 842853 TruthInSunshine
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I wanted to get this is in early in a new thread:

What do ZHers and others of similar analytical tendencies do to get in contact with each other in the event ZH and other sites are down (pick from a plethora for possible reason why that could or would happen, from accidental, to intentional)?

Sun, 01/02/2011 - 22:22 | 843393 Bolweevil
Bolweevil's picture

I asked the same thing on the Thanksgiving open thread, no responses.

Sun, 01/02/2011 - 20:15 | 843147 BearishFeijoadaSushi
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I liked the ilustration under the 'Dagong' term

Sun, 01/02/2011 - 22:27 | 843402 red2893
red2893's picture

Good Lord can we please stop associating democracy with everything that is fair and good?   (could not of said it any better hahaha)

Sun, 01/02/2011 - 22:49 | 843431 Ned Zeppelin
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Learning to crawl, then walk, the global free collective consciousness in the internet grows tiny step by tiny step.  

Do NOT follow this link or you will be banned from the site!