Archive for February 2nd, 2009

What does Cloud Computing really mean?

Something I have never been quite sure of, and as Cloud Computing will become more widely spread over the next decade, I thought I would investigate.

The best article has only just appeared on Zdnet and explodes five myths about Cloud Computing. I have copied the beginning here, and you can click on the link below to read the entire article which you may find of interest.

Five cloud computing myths exploded
By Cath Everett ZDNet.co.uk
Posted on ZDNet News: Feb 02, 2009 5:50:03 AM

Cloud computing is one of the most overhyped phenomena to have hit the IT industry in a long time. It is a business model that definitely has its advantages. The trouble is vendors of all sizes and stripes are so desperate for a piece of the cloud action, they are willing to blur distinctions and fudge definitions for their own ends.

Their headlong pursuit has saddled cloud computing with so many misconceptions that it is sometimes difficult for customers to make informed business choices. ZDNet UK has looked at the most common myths, and debunks five of them here. {Read more}

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What is banking?

This blog just consists of three quotes.

The first is by Sir Joshiah Stamp. Director of the Bank of England, 1928-1941 (reputed to be the second richest man in England at the time).

“Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again.

“Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

A slightly shorter one from a Russian that bears out Sir Joshiah’s remarks is from Leo Tolstoy who said:

“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, and there is no human relation between master and slave.”

And finally, Johann Wolfgang von Goethe wrote:

“None are more enslaved than those who falsely believe they are free.”

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