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Any system can be equalized 'flat' in the frequency domain, whether composed of $100k super-speakers or a pile of sub-$50 junk.Whether that system can continue to play with low distortion at the desired listening volume while behaving well in the time domain is another matter entirely, and that seems to be what separates true 'hi-fi' gear from mid-fi junk, and that's without bringing power compression and dispersion into the mix.Personally, I'd send all that junk back to the Goodwill or whatever second-hand store you bought it from, and spend the money on a pair of decent two-way monitors. If you must have something second-hand, there's always Audiogon, or (*cringe*) eBay. There's a good reason why all this stuff costs real money*. If you're not sure what gear to buy, then feel free to ask; opinions are never in short supply in hi-fi.(*This statement is true to a point. When you get to the point where spending more money seems pointless, you've found your ideal 'value' point, though keeping an open mind is always nice - your view of what is 'enough' may change.)
A quick note on the word "Floobydust".In the 1976 National Semiconductor - Audio Handbook the word "Floobydust" is defined as:"Floobydust" is a contemporary term derived from the archaic Latin miscellaneus, whosedisputed history probably springs from Greek origins (influenced, of course, by Egyptianlinguists) - meaning here "a mixed bag."Later in 1991 Bob Pease (Staff Scientist at National Semiconductor) defined the word in hisBook "Troubleshooting Analog Circuits" as:"Floobydust" is an old expression around our lab that means potpourri, catch-all, or miscellaneous. In this chapter, I'll throw into the "Floobydust" category a collection of philosophical items, such as advice about planning your troubleshooting, and practical hints about computers and instruments.Bob Pease now uses the word in his columns in Electronic Design Magazine.