Target: www.Riaa.com 7PM est, March 25
p2pnet view P2P | RIAA:- Vivendi Universal, EMI, Warner Music and Sony Music’s RIAA has been running amok for years, ruining lives, making a mockery of America, doing whatever it wants with no one to say STOP.
The people who are supposed to act for us act only for themselves.
Now >>>
Operation Payback Web IRC
Target: www.Riaa.com 7PM est
http://pastehtml.com/view/1c90u81.html
“p2pnet was the first to reveal Vivendi Universal, EMI, Warner Music and Sony Music, directly and via their appendages and their RIAA, figured LimeWire owed them not thousands, not millions, not billions, but trillions of dollars”, we posted this morning.
“If anyone has ever wondered if Vivendi Universal, EMI, Warner Music and Sony Music and their RIAA have lost it, they should wonder no more”, we said at the time, going on >>>
“The corks were popping over in LaLa land”, said p2pnet in the middle of May.
That was because judge Kimba Wood had ruled LimeWire infringes copyright.
Now it looks as though one Kelly M. Klaus of Munger, Tolles & Olson, yet another RIAA posse, wants Wood to order LimeWire owner Mark Gorton to pay $1,500,000,000,000 for 200,000,000 alleged downloads, at $750 per.
To whom? To Arista Records, Atlantic Recording, BMG Music, Capitol records, Electra Entertaiment, Interscope Records, Motown Recording, Priority Records, LaFace Records, Sony BMG (?), UMG Recordings and Warner Bros Records.
That’s one point five trillion dollars.
If you think that’s ridiculous, bear in mind the labels were once awarded almost $2 million because Jammie Thomas-Rasset allegedly downloaded 24 copyrighted songs.
It seems, however, we got the amount wrong.
Now, “Does $75 trillion even exist?” – asks the American Lawyer >>>
“The thirteen record companies that are suing file-sharing company Lime Wire for copyright infringement certainly thought so”, it says. “When they won a summary judgment ruling last May they demanded damages that could reach this mind-boggling amount, which is more than five times the national debt.”
The Big 4 had demanded damages ranging from $400 billion to $75 trillion, arguing Section 504(c)(1) of the Copyright Act “provided for damages for each instance of infringement where two or more parties were liable”, says the post, continuing Manhattan federal district court judge Kimba Wood “held that the damage award would be staggering under this interpretation”
“As defendants note, plaintiffs are suggesting an award that is ‘more money than the entire music recording industry has made since Edison’s invention of the phonograph in 1877″, she wrote, labelling the damages request ‘absurd’ and contrary to copyright laws, limiting damages to one damage award per work.
American Lawyer has LimeWire’ attorney, Joseph Baio joking the money would be better spent on paying for health care, or wiping out the US national debt.
The damages trial begins on May 2, it says.
Stay tuned …
March, 2011
First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi
World War III will be a global information war with no division between civilian & military participation ~ Marshall McLuhan
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March 26th, 2011 at 11:16 am
75 trillion does not exist lol
I cannot remember the actual figure, but I heard it not to long ago in a documentary or news story. If I recall correctly, all the dollars in the world only add up to more than 1 trillion but less than 1.5 trillion. I cannot remember the exact figure, but I remember thinking “damn I really can’t be a trillionaire.” (ironically of course)
March 26th, 2011 at 3:14 pm
“…all the dollars in the world only add up to more than 1 trillion but less than 1.5 trillion…”
I wouldn’t doubt this is true.
Makes you think about how perverted and out of control the fiat money system has gotten. The Wall Street bailout, for example, was really just a “print job” for the Federal Reserve, but creating that much cash out of nothing has got to have its consequences. I’m sure the *real* money to pay the ensuing debt can’t possibly materialize.
March 26th, 2011 at 9:01 pm
You will find the real cost of money printing soon.
While it is great for the government to create wealth out of thin air, it is not so good for it’s citizens. What gets created for the citizens is inflation.
Expect as a direct result of continual money printing, not to mention the financial bailout, that the Fed will be forced within a short time to start increasing the interest rate again. Not because jobs have been created out of the increased money supply but because there is so little backing the paper that everything around the consumer will cost more of less valuable money, forcing a greater demand for a larger pile of cash to pay for anything.
Not only is inflation on the rise, costs behind products will reflect this as well. Already the fast food joints are saying because of various factors, including inflation that they will soon be having to raise their prices as the raw materials are costing more. You will begin shortly to see this again in another form when you go to the grocery store. Because of both the inflation and the lower output of farmers crops, food prices are just beginning to reflect that and will continue to do so.
Welcome to the new “Great Depression”.
March 27th, 2011 at 1:51 am
@EE
What do you mean “75 trillion does not exist lol” ?
US Military during Gulf war lost, “we don’t know where it is”, over 2.3 Trillion of it’s budget.
When even Wikipedia reports that sum may be conservative http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War you know there’s much more than they tell ya. Each birth certificate account is worth 235 to 260 Million, multiply that by number of people in US and … you get the picture. Although it’s fiat money it all that has to be backed by gold or resources somewhere.
Such a high sum by RIAA is extortion and outright fraud. But whole system is based on defrauding the public ever since start of Federal Reserve and further back at start of using a thing called “interest”.
March 27th, 2011 at 12:34 pm
“it all that has to be backed by gold or resources somewhere”
It does not have to be backed by anything. It is backed by “trust” of other countries in US government that it will be able to deliver something in exchange.
Bitcoin is also backed by trust of users in the system. Value will increase if there is more trust, and decrease if there is less trust.
And gold or silver are not real values even. Real values are water, food and energy. Money backed by these would still be a derivative, but fiat currencies of most governments are not first, but hundredth derivatives of these.
March 27th, 2011 at 1:18 pm
“What do you mean ’75 trillion does not exist lol’ ?”
EE is making the distinction between money that has actual value (backed by proper securities) and the *fiat* money which is mostly circulated, which carries a debt straight from the press. In that light, a sum like “2 trillion dollars” may not actually exist as an available asset to be awarded through a legal suit.
March 29th, 2011 at 8:06 am
LOL birth certificate accounts…
I had to look it up. I hope you are joking/trolling, because they are not real. They are the advent of conspiracy theorists and swindlers who want to teach you how to get the imaginary riches the US government owes you, for a nominal fee of course.
March 30th, 2011 at 2:17 pm
@EE:
If I remember correctly, Jordan Maxwell had published a bit on the subject of American birth certificates being traded as commodities. Personally, I don’t profess to know enough of the story to say whether or not it’s based on any facts. Mind you, it does shed some light on the use of block caps, which we already know represents a “non-person”.
March 30th, 2011 at 10:07 pm
@DA
I don’t know who Jordan Maxwell is… but his website screams “nut job” to me. I cannot explain all of how this myth came into existence (because it requires more research and comment space than either of us want), but its roots are in America switching from the gold standard to paper money. Some saw a great conspiracy behind it, and made a myths about selling American lives as commodities to back up the money. (Uneducated) People couldn’t understand how you could trade something ‘real’ like gold for something ‘fake’ like stacks of paper.
Personally, I would rather have a currency that is never required for manufacturing (like stacks of paper) than gold which is required for many manufacturing processes, like the circuit boards in all our electronics.
May 31st, 2011 at 6:50 am
The internet has made these lazy, liberal, millionaire pop stars creep out of their mansions to do a days work for the first time in decades. F*ck them. Welcome to the real world.
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