maxwere
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Posts posted by maxwere
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19 minutes ago, DKW 86 said:
Pareto is the 20-80 rule.
20% of the workers do 80% of the work.
What we have now is 1% of the owners now own about 25% of the wealth. THIS IS NOT PARETO.
Pareto principle is 80% of the outputs are the production of 20% of inputs. Likewise 64% out, 4% in (squared). Cubed, .8% produces 51%. So, technically, you’re right.
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1 hour ago, autigeremt said:
Well stated. The idea that money (backed by the (cough) Federal Reserve in our case) is the root of wealth is laughable. Wealth can be described in so many terms....it's more diverse than just money. Corporate power has also been allowed (through political gamesmanship and flat out greed) to flourish during times of pain and suffering for the masses. I feel we need a version of Teddy Roosevelt to come forward...force a new era and stir the pot. I just don't know if the train has gone too far down the tracks to stop it without a calamity occurring. It's troubling to see how expansive the problem really is. Trusting the people in charge is very difficult.
I disagree. This time is different. Think outside the box here... what if the fed is acting in opposite interest of so called "globalist" parties?
Consider the ONRRP - https://fred.stlouisfed.org/series/RRPONTSYD
This is liquidity from the banking system parking at the FED overnight due to lack of treasury collateral, or so we were told. (to which I interpreted the US banking system)
My thoughts in 2021... What is the RR? Not sure, but its a lot of money and since its on the fed balance sheet, which shouldn't exist, its probably bad for us.
...BUT... just for fun...
Lets overlay the EUR chart.
- Orange line is ONRR facility reward (risk free rate)
- Blue line is 1/EURUSD or ostensibly USDEUR.
- Teal line is the balance of the overnight reverse repo facility created by fed during COVID. Do you see a pattern here?
The FED RR is 90+% EUR banks. The FED is systematically destroying the EU, WEF/Davos et all with RR. Energy crisis is here, sovereign debt right around the corner.
(the mechanics of EUR banking to RR would be first sell EURUSD)
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3 hours ago, DKW 86 said:
I actually agree with this, almost 100%. We are so far down the wrong path and the Reps in the US refuse to see it. Their followers are absolutely brainwashed on this topic. Been sharing this for years here. I get almost zero support when I do share this.
Pareto principle implies top 4% produce 64% of the stuff. This is the way its been for a while. While this argument may surprise the masses, I don't see any unexpected disparity. The fact is, people don't naturally process skewness very well. This requires that you see something beyond your existential sense of reality... abstract, creative thinking.
The problem this presentation is assumptions. What is wealth? (the narrator uses cash... that's not begging the question) Is wealth fixed? Is there a fundamentally different conversation in income inequality? What about corporate inequality (ie 5 banks do 99% of the banking transactions)? Many educated higher income (technocratic) people literally have no idea how wealth is generated anymore, what difference between wealth and income is and so on.
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The fed has lost control. It doesn't matter how Larry Fink wants to dress up an tech index fund. De-globalization will wipe debt-levered western finance out starting with Europe, starting with energy. The world will stockpile commodities in the future, not dollars. Build this inevitability into your investing/retirement thesis. The dollar is done.
Inequality rewards. It rewards those who take risks, learn a skill and apply with discipline. It's the managerial class that is in trouble. If you don't have skills, you need to get some. If you do, you need to teach them. Time is running out on the petrodollar entitlement program. The knowledge gap is way bigger than the wealth gap. Future wealth will seek those who have diligently accumulated skills and knowledge.
Resist envy. Envy destroys souls. Resist vain amusements. Amusements destroy your time, and you have little to work with. Go get it!
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On 8/9/2022 at 7:53 PM, homersapien said:
Very interesting and provocative discussion. Thanks for posting.
(I wonder what will happen to the politics of nuclear energy when Russia shells a nuclear plant to the point it might release radioactivity?)
He deals with this scenario here... Mark is one of those people we should listen to very closely. If we have a fighting chance of getting back on our feet, this is the kind of geopolitical thought we need to hear from our leaders. ...and we should condition ourselves to think beyond headlines and tweets.
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1 hour ago, homersapien said:
Nuclear is based on large centralized power plants that turn water into steam for turbines, only the heat is derived from fission instead of combustion. It's a use of existing technology and the resulting power feeds into the existing power grid. The goal is to just build more.
That sounds like linear thinking to me. Nothing really transformative about it.
(Not to say there's a lot of opportunity to improve designs and it's not a worthwhile option.)
Google Nuscale. What they are working on will transform hard to reach places... especially Africa.
No longer large, no longer centralized (bureaucratized... the real problem of the two major disasters).
The guy that was standing at a nuclear test site thinking, "I wonder if we could power the world with this instead of blowing it up?" was a lateral thinker.
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On 8/12/2022 at 11:09 AM, homersapien said:Back to topic, I would propose that solar-based energy systems are an example of "lateral thinking" while nuclear-based energy systems represent "linear thinking".
How do you figure nuclear is linear?
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David Murrin (who Ray Dalio likely plagiarized) calls it abundance of "linear" leadership and dearth of "lateral" thinking leaders.
(section 3.5-3.8)
IMO this is what Mark Nelson is referring to with curiosity to appreciate mechanical things. Greed climbs to the top and innovation tinkers in the garage. We're not lead by Mavericks anymore. Those of us in the garage need to get out of there.
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Very interesting and provocative discussion. Thanks for posting.
(I wonder what will happen to the politics of nuclear energy when Russia shells a nuclear plant to the point it might release radioactivity?)
Since I fear politics has become the zombie apocalypse of western media propaganda, I have no idea.
The facts are, Zaporizhzhia is an important energy asset Putin, he wants operational control. No right minded person with regional interests would do this to create a disaster. The reactor design is a PWR, same as the naval fleet. It’s shielded to the outside world by 3 ft think concrete containment 10-12 in rebar. So what if it’s shelled?
The incident a few months ago involved Rosatom engineers. They were there to gain operational control over the plant. If anything it proves the antifragility of the design technology. We’ve since sanctioned Rosatom, the global leader in fuel enrichment. Western enrichment has a real challenge on its hands, created the greatest speculative investment opportunity of our lifetimes, but that’s another story.
On the other hand a false flag accident/incident caused by western black ops could be the greatest threat. This would require strategic sabotage of the pressurized cooling pumps. James Bond stuff. If Germany doesn’t recommission its 6 nukes this fall I might start to get worried (this scenario) the west is intentionally out to starve, destroy, freeze the public. But frankly, I think leadership is just plain stupid and will whore themselves to the nightmares of 14 year old girls so long as it extends their employment another 6 months.
There’s not grand organized conspiracy in western nations. It’s just foolish decline.
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Emerging energy interview of the year! This really strikes at the heart of what THE BEDROCK of our university is known for... engineering innovation.
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Where can the left and right agree--Wealth inequality
in Politically Speaking
Posted
I charted this based on Tom Luongos analysis. Keep in mind US and Canadian regimes (and tech propaganda) are currently puppets of EU. That bug is about to get squashed, just in time for dinner!