sovereign debt issues

Hi all,

Just a few thoughts.

I agree, given the numbers another cap raising is almost inevitable I would think. Either that or another signing would have to absolutely imminent.

But it's also obvious that we're entering a period of unprecedented sovereign and state debt all around the world.

It also seems to me that MIK technology is such an easy way for governments to raise money by registration compliance and selective tolling etc. Up to now, the privacy exponents have waged a successful war on evr, but history tells us that money (and governments thirst for it) will always win out.

Apparently, a recent blitz in Taree uncovered a 15% (!!!) "non compliance" (ie, "unregistered").

Don't forget, from a government's point of view, revenue from compliance doesnt have any of the nasty political ramifications that a new tax has.

And governments everywhere are soon going to be looking at getting revenue from wherever they can get it.

Federal, with the acquisition of Sirit etc may just be positioning themselves for a bit of a push in the evr area.

Federal's slant on the evr market up till now has been with number plate ocr (see pips in UK). But that technology can only go so far.. the PLATE may be registered but is it attached to the right vehicle? Maybe they are planning some sort of hybrid solution....?

The only missing piece for me is the scientific question as to whether the mik tech that guarantees rfid integrity is still the best available. Not a scientist so I'll have to trust that the technology and patents are both still sound.

Mind you, given the slow slide of the share price, it seems I might just be the only passenger on this thought train..!


Cheers.