---- Preparing for the next burst bubble - Protecting Income
rasputinsghost - 4:28 pm on Sep 27, 2012 (gmt 0)
Hi All @SevenCubed Please do not think even for one second that I am any sort of guru or that I have some magical formula that will precisely determine when what will happen I don't! I am the head of my family and as such it is my responsibility to ensure that the income that my family needs to survive is secure. To do this, I need to do some "forward thinking" and run some "what ifs", see what the results are and if they are not good for me, either get out of the situation or get some kind of crash helmet.
The big dotcom bubble put an end to a large amount of "everybody" in the dotcom industry. Many fell, some were badly wounded but survived and there were even some that profited big time because someone had had the intelligence to look beyond the hype and study the figures BEFORE the whole thing exploded . Amazon for example went thru the roof as far as I have been told all thru the bubble burst. And there were a whole bunch of others who also made good. Someone had ignored the hype, diligently done a "risk/reward" analysis, identified the problems and the opportunities and acted on them BEFORE the shit hit the fan.
And in hind sight, almost everyone would agree that giving a brand new "company" that has an unproven idea, not one brick nor square inch of land or any other assets a valuation in the millions, if not hundreds of millions takes the meaning of "stupid" to altogether new levels. And there were hundreds of thousands of these "visionary" startups that never started up.
Enron was similar - in hind sight everyone can plainly see that there was no ways it could work sustainably.
The Wall Street fiasco started when some greedy idiot say that he could raise mortgages that were doomed to fail, then wrap them up in bundles of spin and sell them to Joe Public who would take the knock WHEN they failed.
The mistake that the Wall Street Robber Barons made was that they started believing their own hype and started buying these "fantastic investment opportunities" themselves.
In each case, any normally intelligent person could easily see that something was seriously screwed up and the so called leaders and gurus were speaking pure crap if they had bothered to look behind all the hype and bullshit. If they had had the backbone, by challenging the "gurus" and "leaders" the whole mess may have been headed off at the pass. The problem was that everyone was too greedy and making too much money to even consider that it was all a cross between a ponzi scheme and a downright fraud. (mmm... I seem to remember that a certain Bernie Madoff was also considered to be a "guru"....) (Big reason that I don't want to be known as a "guru" of anything!)
So, to bring it forward.
As far as I can see the bubble already burst back in 2008...
Yes, that was one bubble - a big one - hopefully from here on in, they reduce in size and frequency.
It didn't really stop internet growth.
No it did not stop the internet - The only thing that will stop the internet (as we know it) will be if Congress passes anything that looks like SOPA, PIPA and all the other "Lets chuck free speech out the window to please the businessmen who have bought us" bills.
And if the US does commit internet suicide, it wont be long before the rest of the world tells the US to put the gag bill where the sun does not shine because the cost to implement anything that looks like SOPA/PIPA or to enforce it will be ridiculous.
So, the US will then strong-arm the rest of the world because of a little known "snippet of info" which may be the topic of another thread.
Effectively the Government of the United States of America has complete and total control over the internet.
Let me explain how:
All Top Level Domain Registrars are under the control of ICANN - ICANN DOES have the power to "switch off" every .com or indeed .anything should they feel the need to.
ICANN is controlled by the Pentagon - everyone denies it but personally I did not believe the "WMD" and "I did not have sexual relations..." stories either.
So, once the edited and re-spun version of SOPA/PIPA (lets call it the "SpeechBuster" Act)is passed, some Congressman will be told (by the record label that showered him with money so that he could win the last election) that they think that abcde.com is in violation of the "SpeechBuster" Act and in their opinion it is a matter of "National Security".
So a secret meeting is held, abcde.com is found guilty of using the color pink in their logo which will confuse children and lead them away from the site they need to be (the record label) and instead will corrupt their morals
All the paperwork is done and then..........
The "com" TLD managers are told to remove abcde.com and at the same time they are slapped with a gag order enforceable under the Patriot Act.
The "com" TLD people are definitely not happy and refuse to do it.
The US Government gets hold of the Pentagon who log into the ICANN system and the entire "com" TLD goes dark until they comply
The above will happen once - thereafter, every "remove" request will be rapidly expedited and no-one will be any the wiser. Except the poor sod whose website it is. It is an unfortunate fact of life that although the internet is "unbreakable", the DNS system is NOT - it is VERY much under the control of the Pentagon.
And an alternative to the current DNS system is definitely a discussion for another time.
...has created a stable perception that the internet is legitimate and useful for commerce
It is stable because the perception is that it is stable. To most people, the internet and the world wide web are one and the same - BUT that is the PERCEPTION The Internet is definitely stable - it was designed to be stable and keep on working. The Domain Name service which operates on top of the internet protocol is IS stable at this time - that is true. That is why the perception that the web is a stable platform is not really challenged. However, should the "SpeechBuster" Act become law, the Domain Name service is immediately under such a dangerous threat that everyone that earns the family food doing anything connected to the web is at a serious or even dire long term risk.
Just think about it... the "SpeechBuster" Act is not even here yet and there have already been numerous cases of sites being disabled by the FBI, CIA or whatever arm of the US Government was involved.
Should it be possible to shut down websites for various reasons? I vote a resounding "Yes". Should it be done in secrecy and under threat of jail time for treason if you talk about it? Definitely NOT !
What we need is an International Internet Arbitrator to handle the problems.
Or we need an REAL alternative to the current Domain Name system.
Needless to say there are still going to cases like the one you point out such as facebook but don't you think they are the exception rather than the rule?
No! - They are definitely not the "exception". I used Facebook in my explanation because they are the one that all this stuff is happening to and who is the most public. However please recognize that there is a rather much larger "elephant" in the room - one who is rather better at preventing "dangerous" information from getting out there.
And most of us are interacting with said elephant in thousands of small and different ways every day as we work to earn our income. And said elephant is the largest advert middlemen.
And guys are getting their ad accounts cancelled in large numbers.
And they are not understanding why.
And some have got up to 180 individual domains all running out of one ad account and lost all the income in one blow
SERIOUSLY! 180 domains? I didn't know that that many eggs even fitted into one basket.
If I remember correctly, the guy mentioned $12k plus income - thats some serious impressions - and with one form email, all those impressions were released so that they could be used at top/bottom and right of search results pages.
Very good news for the nett profit and excellent news for the shareholders.
Not so good for some of us though!
Now I am not an accountant so I would not know where to look for the figures but seeing that the elephant is a publicly listed company, the financial statements should be available somewhere. Hopefully there is someone who can take the last 5 years results and put them thru a food processor and see what comes out. Essentially, if the nett profit increases year on year by a percentage while the gross turnover increases by a lesser percentage, it stands to reason that somewhere between the gross income and the nett profit, an expense has been reduced.
I wonder if the unexplained dumping of advertising display partners (some who have been there since day 1) without a reasonable and meaningful explanation has anything to do with it -- -- -- just a thought!
Maybe I am wrong - to be honest with you all, I hope I am - however, I am not going to hold my breath waiting for someone to "CUTT" us a break and let us have the facts and not some sanitized garbage hype that is just more of the same old.
Where is the internet/WWW going? That answer is worth BBBBillions but I have absolutely no clue.
When I started this thread I wanted it to go in the direction of "how to build multiple business entities each with less than 10 sites generating income streams".
Where is it in reality? Financial skulduggery, fraudulent activity, collusion, thievery and who knows what else! All we now need is "Roswell" and "the gunman on the grassy knoll" and its all here.