johnrgrace

The US has made an active policy decision for decades to be the world police, flowing from that policy spending on world policing isn't automatically waste unless it's highly inefficient.

The us has tons of rare earth ores, it's the refining the US lacks mostly because it's a nasty process that creates a lot of toxic waste.

I would say for starting a first robotics lego league is going to be easier to access because they build a smaller robot out of legos, plus the "season" starts in the Fall vs. January for First robotics league.

I've coached a First team that has qualified to go to worlds the last four years and been on the Einstein field once in that time. I think you'd learn a few things - robots are built to solve problems and the most technically complex and advanced robots don't always solve problem better than simple elegant designs. - Robots involve multiple skills and usually get built by teams where members are specialists in specific fields. Some people will understand all of the robot sub systems but

We don't have as problematic a deficit problem so long as reasonable sane people are running tr4e system and willing to turn on the printers when required so as not to generate excess inflation.

Your understanding about OIL is very out of date. The US is the worlds largest oil producer and a net exporter of oil and oil based products.

The US does import some low quality cheaper crudes (heavy, sour) to be processed by US refineries that have much higher complexity and capital investment than other regions. Effectively people send their OIL to the US to be refined and that is where most of our imports come from.

Republicans only hold the house by two seats so to pass something they need to have everyone on board. Any single republican member of congress that wants to hold the whole thing hostage for demands pretty much can.

The private equity fund who makes the decisions about what to do is buying the company with other people's money. They get a % of the other peoples money they manage as revenue and slice of the profits on success.

Also they often engineer things so the money the fund put into the deal comes back very fast. In this case they sold the companies real estate which got a big chunk of their initial investment back ASAP.

the simplified view - red lobster they bought it for $2.1b - they sold off the real estate for $1.5b and 25% of the equity for $575m - so the PE fund has $25m of their original investment in the deal. They borrowed a bunch of money and then paid out dividends on that $25m that were multiples times that amount.

Audiobook natation isn't that expensive - the same narrators being used by publishing houses can do it for $200 an hour with it being 10-12k words per hour. Audiobook production is a few thousand for most books under the current system.

Every one of those top 100 is a medical officer and most I'd guess are doctors, they could all work in private sector healthcare and make a lot more money. I notice that not a SINGLE CTO or technology lead in government made the top 100 list.

Yes banks offer this through a network with others banks,and they have reciprocity so if I puts $250k in another members bank they put $250k in my bank so the members banks don't really "lose" deposits. Net, the deposits can be used by the bank in the same way they usually are.

A sweep account is a very common business account and most banks offer this, if you don't pick it based on your balances they'll call you up and try and sell you this service. SVB strangely did not have this product for some reason.

No - higher octane fuels come from the refinery as higher octane - usually because the mix of blending stocks are different and you have to add in some elements to the mix that could have been used to take more lower cost product into "regular" spec.

What happens in pipelines is a lot of the same stuff goes into the pipeline aka "one big slug" at the same time. In between slugs stuff gets mixed and that becomes transmix which gets bought and sold (at a discount) and usually reprocessed and reused. Pipeline scheduling is done to reduce transmix - if high grade gasoline is next to low grade gasoline the transmix could potentially be sold as low grade gasoline.

Gasoline is actually a mix of different blending stocks that have their own reed vapor pressure and octane - refineries blend them together to get a mix that has the right octane and reed vapor pressure to sell.

Here is a simple overview on blending https://inside.mines.edu/~jjechura/Refining/11_Blending_Opti...

There is nothing in these theories.

If you want good information you don't go to youtube videos. There is a huge crossover between gold standard videos and a lot of other fringe and hate group ideas so I'd really suggest you don't watch them.

Just the wiki article on the Gold standard is going to be much better https://en.wikipedia.org/wiki/Gold_standard

If you really want to understand read any editions of economics by samuelson from after 1980 that textbook has been in print and updated since 1948.

Overnight in Texas it often is free in the wholesale markets.

The federal reserve is a backstop for banks, if they need cash to pay depositors they are there with unlimited cash. Part of why they are there is because they know every banks assets exceed their deposits. Tether doesn't have that backstop.

I think you need to think about drone swarms or herds. Not all of the drones need AI or the same level of AI. Some drones will support the costs of a higher level AI and others will have lower AI capabilities and refocus resources on other capacities like attack. Simple drones in volume may be used to overwhelm defenses.

Every legacy bank can redeem all of the money their account holders have in a single day, they don't have the cash on hand but the federal reserve is there on hand to provide liquidity to any solvent bank. The whole framework of oversight and regulation is what makes it possible for banks to have this backstop.

And most big companies who agree to pay you net X days, that usually is after the presentation of a correct invoice. The invoice doesn't get to them, or it isn't right the clock doesn't start for them to pay you. Getting invoices wrong can quickly result in major cashflow drops.

Simply Throw enough Hail mary tests with 95% confidence intervals and one will come up as good simply due to randomness.

I disagree quite strongly, seigniorage the value created when issuing currency is a huge issue. Privatizing seigniorage a currently a public good (excluding some very dysfunctional government) and making it a private good collectively makes most people worse off. Even a government with problems the wealth from seigniorage is going to be far more widely distributed and spent on common benefits.

I don't think you've thought this through, if holding bitcoin accelerates in value more than say companies actually doing things then we're going to transfer a substantial portion of today's current wealth to the people who currently own bitcoin.

I think you have not looked at all the of EV vehicles currently being built and how much of a change those vehicles are going to have on the power grid 1. a large portion of the batteries in those vehicles are going to find 2nd lives as stationary battery storage. 2. The vehicles themselves are also storage.

Turn off bitcoin does that provide enough power so the world doesn't starve?

Banks have two things 1. Whateve they don't hold in cash is invested in loans, cash plus loans have a value greater than the redemptions they could face. 2. In the case of liquidy problems they have the federal reserve system to backstop a healthy bank with cash so there isn't a run on the bank.

Tether, well who knows? Tether has cash + nothing which very likely is less than the redemptions they may face. If people want to get real cash out tether has no one to go to to make sure they have cash.

I think you've forgotten that with a company you've been given some amazing legal rights by the goverment. If the company goes bankrupt you as founder don't personally have to pay off the debits you get to walk away.

Look at history, 150 years ago to be allowed to form a corporation you needed a legislature to pass an act after they believed that your enterprise was in the public good. Being able to form a limited liability company is a right granted by law and subject to limits.

Not that people pay attention today but if you read your states laws there are limits to what corporation can do, be named, etc.

The thing is "we" won't get to mars with billionaires trying to go to there it will be their kids and the people they pick.

I live in Detroit, and when the "bikes win" they act like assholes. There is a weekly event called slowroll where herds of bikes go down a different route each week in the early evening. When they've rolled past the street I live on I find that for sometimes up to two hours you can't drive your car into or out of the place that I live.

Jobs are about more than a wage rate. To have unstable hours that you can't plan for makes some employers look terrible.

I'm a silverbug, I just like the stuff.

But there are some fringe ideas that float in the silver world. The market manipulation people are largely people who don't understand how commodity markets work. Yes big traders can push the market around a bit, but they do it to make money. This is a very different thing from GME.

Silver may go up, but I'd be pressed to see it crack $100 an ounce for more than a moment. Lots of stashed silver will flow into the market pushing the price downwards.