XPfails – luggable – PAYTRUST website won’t authenticate

I actually had to call their support and undergo a lot of pain “authenticating”. Will someone please tell me how knowing my details authenticates me? Now, if they said “we’ll call you back”, then I might believe it. Asking me my address and phone number and email address doesn’t “authenticate” squat.

And, don’t tell me you are “doing it for my protection”! That’s Barbara Striesand. They’re doing it for their protection.

No explanation of why it worked yesterday but not today. No explanation of why it didn’t work today. They want me to use IE (I don’t!) Telling me that their site is not “optimized” for Firefox or Opera.


And, that they were voted the best bill payment service. By who, their employees.

The only reason, I put up with this … (PayMyBills was acquired by the competitor Paytrust after I selected PMB over PayT. Subsequently acquired by Quicken.) … is that they are the only service that will receive a paper bill, scan it, and email me. And, they keep pushing ebilling!

Their idea of ebilling is that I do all the work and setup an online account with a biller. Then turn over all that authentication information to them so that they can then go pretend that they are me. I don’t think so!

Any way, if there was a competitor, I’d sure consider it.


RANT: Hey Governor Corzine … … still wanna hear about state cars? … (continued) …

You don’t? TOO BAD!

This morning 29 December at 0700 est on Route 295 south exit 47… …

… … a white TD 10986 … …

… … down route 295 at a leisurely something over 72 (Your serf speed limit is 55)

… … in lots of traffic

… … tailgating the poor peon in his way

… … never left the left lane!!


P.S.: Dear reader, I don’t write these every day. Just when I ARRIVE early for work, particularly agitated aggravated and have to wait for my employer workstation to get online.

MONEY: Printing press money impoverishes us all


Monopoly Money: Feds fear Liberty Dollar alternative
01 December 2006
Brian Wright

***Begin Quote***

Live free and flourish!

Part of the noble equation of liberty is honest money. Fortunately the National Organization to Repeal the Federal Reserve Act (NORFED) has given us the Liberty Dollar system to help us achieve just that.

***End Quote***

With the monetary inflation rate being unknown due to the US Treasury no longer publishing the M3 number, one has to guess. To me, it “feels like” between 5 and 10%. My experience has been that the demand deposit rate is usually a smidge less that the inflation rate. During the Carter Inflation in the 70’s when the published rate was 21%, savings deposits were paying 17%. In the 90’s, when inflation was a “low” 4%, demand deposits paid 1%. The sad part is that inflation erodes the purchasing power of savings, “inflates” one into higher tax brackets, and when one sells assets “capital gains” tax is on inflation.

It hits the poor, those on fixed incomes, and the financially illiterate worst.

I like to tell the story of my now deceased Father-In-Law, who was always proud that he had a Fifty Dollar bill in his wallet. He put it there as a kid so that he’d never be broke. It was in there about 50 years. When he put it in, it was valuable. When his heirs took it out, it was worth about a penny in terms of the purchasing power it once had! In an inflationary economy, money fails in one of its key roles as a store of value. He’d have been better off to have used it and been broke. It was an illusion.

At 1% inflation today’s “dollar” is worth 74 cents in 30 years. 10% yields a 6 cent dollar in the same 30 years. I like to think of inflation like a balloon. Want a bigger balloon, just put more air into it. Until it pops!

Imagine playing on a football field, where each year the definition of a “yard” changed. It doesn’t change the same each year. One year the field is really 106 yards in “real yards” and the next it might be 116.1! Talk about nightmare. And what good would records be? Think it would be confusing. Why is it different when the gubamint prints more money? And, it’s not actually the gubamint printing money. It’s the Federal Reserve Bank, which isn’t federal, doesn’t reserve anything, and isn’t a bank. It’s just a private club with a license to steal.

Economists like to reference Robinson Carusoe’s island, Caruso and Friday are on the island. Caruso fishes and Friday picks bananas. They work out an exchange. But put some more people on the island and you need money to have an easy exchange between fish, bananas, and coconuts. So one day a “Federal Reserve Banker” comes along and prints some paper “dollars”. The marketplace finds the right price for fish in terms of bananas, coconuts, or “dollars”. Now suppose our Federal Reserve Banker prints double the dollars. Just lots more “dollars”. Twice as many in fact. Now just printing more “dollars” doesn’t do anything to increase the wealth of the islanders. There are not twice the fish, bananas, or coconuts. Rather quickly the market price will double the price of fish, bananas, and coconuts. Increasing the money supply doesn’t make everyone rich. It just increases prices.

Why do it? Because the printer are unjustly enriched. He gets to spend those dollars before the prices adapt. Money that has nothing backing it of value (i.e., gold; silver; or even tiki lamps) is just paper. Worthless the minute that the fraud is discovered.

Read about John Law, the South Sea Bubble, the post WW1 german hyper inflation, the south american hyper inflation, and the Carter Inflation in the 70s.

So, sooner or later, the Arabs will get tired of getting pictures of dead presidents for oil. Ditto the Japanese for Toyotas. And the Chinese for plastics.

One needs to NOT hold paper money! But what should one “hold”. Things that appreciate in value (i.e., collectables). Real estate. Things that earn value (i.e., stocks that are recession / depression proof). Commodities. And precious metals. Debt in a recession is bad.

That brings us to NorFed and their alternative currency.

I think the jury is still out on that.

Here’s my thinking. The NorFed Twenty “dollar” coin is an ounce of silver that costs $20 FRB. Silver’s volatile. It varies currently from 12 to 18 Federal Reserve Banknote “dollars”. So, why pay a premium for basically an ounce of silver. I’d just buy (i.e., have bought and will buy more) bullion coins from reputable dealers. Is the paper NORFEB warehouse receipt worth that premium? Maybe? It’s better than a Federal Reserve Banknote. Called a FRBbie (pronounced FUR-BE!) by its detractors.

Note: Gold bullion 1 OZ American Eagle coins trade at Kitco who buys at 630.10 and sells at 667.92