search results matching tag: valuable

» channel: learn

go advanced with your query
Search took 0.000 seconds

    Videos (112)     Sift Talk (24)     Blogs (7)     Comments (851)   

Mitch McConnell Freezes During Press Conference

newtboy says...

Perhaps, something about MAGA sure seems to cause more brain damage than a full blown meth addiction in once intelligent people, but even with functioning brains 80 year olds are not as in touch with current events, morals, or norms, nor do they have skin in the game.

It’s easy to vote for programs or projects that won’t have to be paid for, or whose deleterious effects won’t be felt until long after their death….like denying climate change. They can gamble recklessly with the future to see monetary benefits today because they won’t be here when their gamble fails disastrously in 20 years to pay the piper themselves.
I think people making the rules and laws should be expected to live under them for a minimum of 20 years, maybe more, making the age cutoff for election below 60. Nobody is getting smarter or more up to date and in tune with current events and new advanced methods of problem solving after 60.
Once upon a time experience was a valuable feature in a politician, but today the best you could say is they have lots of experience at failure and partisan gridlock no matter which party they’re in. 2 terms is enough for presidents, it should be plenty for senators, representatives, and Supreme Court justices. Professional politicians are an anathema to America, as is a political ruling class or politicians getting rich while in office, and we now have all 3 as the norm.

cloudballoon said:

Most Democrats' 80 is like the GOPers' 50 though. Most GOPers' brains already turned to mush for being lemmings, long unused to independent, rational thinkings, nor anything nearing care & compassionate emotions for the vast 99.5%.

Why I’m ALL-IN On Tesla Stock

newtboy says...

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

vil said:

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

vil says...

If youre a normal country you are always living on credit, if for no other reason, then because it is super easy and cheap to borrow. Also you have to, to make it to the next pay check (tax collection). First your subjects have to produce and sell, then you can collect taxes.

You dont base the value of the dollar on anything. You offer it as a commodity to the market. If your economy sucks or you print too much money the dollar goes down, which can help the economy. Printing money doesnt automatically help the economy though, it just creates space and time to make it possible for the economy to improve.

Improving the economy means creating more or better products and services that are in demand at a competitive cost. Governments in non-dictatorial countries cant really do that directly, they can only create the conditions for this to happen.

Moderate inflation hardly plays a part, except as a moderator (is that a pun?) of shocks. Deflation (and a strong gold standard in a developing economy IS deflation) is deadly, it makes the economy less flexible, less able to adjust.

If you never improve your ecomomy, all you will have left will be to bitch about inflation.

What is too much debt, too much inflation, too much intervention? I wish economics was a science.

Theoretically the economy can get to be so bad that the structure collapses, there are countries which have notoriously bad historical records, and yet every time they restart they have to borrow money to get things going again. Reserves in general are useless. Production, services and a functioning market, recursive production of valuable goods and services which freely and easily find customers is the only thing you can consider a reliable pillar of civilization. Currency is one of those goods and services.

If for any reason yor currency cant freely circulate (see China or the USSR errr... Russia) you can hardly be a superpower, at least not in the economic sense.

Adopting a gold standard so strong that it would destroy the international dollar standard has no advantage for the USofA or for any developed first world country. Even just having the Euro wreaks havoc in weaker European countries economies, but that is another can of worms.

A lot of what is wrong about the gold standard would apply if a country decided to adopt bitcoin as its sole currency btw.

newtboy said:

The fed printing money is (one reason) why the economy is a disaster.
Every dollar the fed prints makes every dollar worth less….and eventually worthless.
The fed keeping a moderate reserve and releasing some to stabilize the economy AND RECAPTURING IT LATER keeps economy swings moderate. (You just have to not listen to morons who don’t ever want to rebuild the reserve because it cools off hot economies, and instead they want to live on credit).
Printing money is NOT a permanent solution to not having enough money, and doesn’t keep the economy stable long term. Ask Venezuela.

Basing your dollar’s value on gdp means another 2020 and it might disappear altogether instead of just seeing high inflation for years….no advantage there

The simple tool that can open most US stores

BSR says...

I don't know for a fact but I suspect that you may have to show proof that you are legally allowed to purchase such items. After all "lawyer" is in his title.

My dad showed me how to pick locks when I was 10.

In my 3rd year in high school I got an "A" in English class because the teacher needed to get into a filing cabinet and didn't have the key with her. I told her I could open it but she didn't believe me so I made an deal with her. An "A" in English to pop the lock.

That "A" sure did stand out next to all those "B's" on my report card.

If you've been enticed to be a burglar then that may be a decision you will have to live with.

His videos show that if you want to safeguard your valuables you might want to avoid certain security methods and why so.

newtboy said:

It should be noted, just getting caught with burglary tools can be a 6 month sentence in California.

Is Meat REALLY Bad For The Climate?

newtboy says...

Locally, all the beef in my area is grass fed. All unnatural pastures were created as a byproduct of the logging industry, not for cattle. It’s butchered and stays local. I must guess our beef here is that outlier at 9 kg CO2 equivalent per kg….or better.
I also must assume they give no value to the rest of the carcass in their calculations…bone meal, tallow, etc are also valuable commodities not accounted for here.

The biggest issue with food production is the number of mouths to feed. We about 8 billion today and rising. The maximum number that can be supported is estimated to be between 8 and 10 billion, but the maximum that can be sustained naturally without depletion of essential resources is only 1.5 billion, assuming they use the same resources per capita.
To actually be sustainable as a species, we need to eliminate over 80% of the population AND adopt far less destructive behaviors.
Ain’t gonna happen. Start making your chain mail dresses and shoulder pads now, it’s almost time for Thunderdome.

Perhaps the weakest link in the US electrical system

BSR says...

Interesting and valuable info but a real long walk. It's probably a good idea to say the same thing over and over in different ways to make the message clear.

Penguin escapes a pod of killer whales by leaping into ...

BSR says...

You may be lucky to be alive but you are also becoming more valuable.

oblio70 said:

I swear this feels like my life for the last 16 years. And, yes, to this day I feel lucky to be still alive. Sorry to wax personal there; life has been hell.

Newly widowed.

Only in Toledo

StukaFox says...

Bob,

Here's where we agree on something.

I came from amazing wealth, like total top .01%, then lost everything and ended up in absolute poverty. I taught myself a valuable skill and kept building and building on it. It started with shit jobs, but I kept learning and doing more and never stopped believing in myself or in my ability to better my circumstance. I went to college and learned how to learn more efficiently. Even now, I'm improving my skills on a daily basis. 40 years later, now I'm in the 1%.

This is America to me, one part of it: that in America, you at least have a chance -- however small, however improbable -- to better yourself through your own skills, drive and determination. It's not a 100% guarantee, but I honestly haven't seen another country that fosters this attitude.

For the nb, did I have a leg up? Definitely. I was born with an extraordinary mind into a hyper-affluent family. As a child I went to the best public schools in America during a time when education was valued above all else. By the time my mom and I were basically on the street, I had enough base knowledge to build on what I'd already learned. I also took advantage of community college when it was all but free ($50 a semester) and was able to take pretty much any class that interested me. I was also able to afford a computer when they were very expensive and complicated.

Finally, I was born a white male and caught innumerable breaks because of that. I have zero doubt that I am where I am in part to this accident of birth, because I was told by cops, teachers and employers, sometimes quite openly and sometimes in coded language, that I was preferred over non-white people.

For all America's sin -- and many be thy score -- the nucleus of true capitalism is still alive.

bobknight33 said:

Capitalism.
See an opportunity that uses you skills and go for it.

The Worst Typo I Ever Made

StukaFox says...

The worst DevOps mistake I ever made:

Assignment: On ~1,000 -physical- RHEL systems, change the default run level from command line to GUI (don't ask).

Solution: Hey, all our config files are controlled by Puppet, so this'll be easy!

(If you don't know what Puppet does, it enforces file configurations, so if you change a single file on the Puppetmaster, that change is pushed out to all servers running Puppet)

Ok, all I need to do it edit a single file, change a single number in said file and issue a single command: reboot. Easy-fuckin'-peasy.

The file I need to change is /etc/inittab -- this file tells a Linux system which "run level" it should initiate upon booting up. runlevel 3 is command line and runlevel 5 is a GUI like Gnome or some other tragic perversion of the whole reason you run Linux in the first place. All I had to do was change from runlevel 3 to runlevel 5. And reboot.

So simple; so stupidly simple.

So stupidly simple at 3:00am. When I hadn't slept all night. On a production network. When I'm working from home away from the office. On a Saturday when no one is in said office.

I make my change and save it, then push it to the version control system. Puppet picks it up and pushes the change to ~1,000 physical computers.

Done and done!

Remember I mentioned that I had to change a single file AND execute a single command: reboot?

Here's where things go tragically wrong.

My changes worked PERFECTLY. Everything did exactly what I told it to: Puppet changed the file, and rebooted the servers.

Only they keep rebooting. They keep rebooting over and over and over and over. I can't access any server on the network. Worse, while I'm trying to figure out WTF I did wrong, the 30 minute time-out I'd set on our alerting system, Nagios, expires.

Did I mention that I pushed this change to ~1,000 servers? ~1,000 servers that won't stop rebooting and aren't reporting into Nagios, thus being marked as down?

At 3:31am, on Saturday morning, the pages to ALL the on-call engineers began. One page per engineer per machine. About one every two seconds. And I'm getting paged, too -- except some of the pages are Nagios and some are utterly irate engineers who want to know exactly WTF is going on and I can't tell which is which because I'm getting text-spammed like crazy.

And those servers? They just keep right on rebooting.

At that point, I felt the kind of existential dread that only people who work in IT know -- the kind of dread that arises a picosecond after you've hit ENTER and realized you've type 'rm -rf /' or some-such -- because I knew at that very second exactly what I'd done wrong.

I'd typo'd "5" and made it "6" in the runlevel. And pushed it to ~1,000 -physical- servers. And then rebooted them ALL.

"So," you're asking, "Whyfor is runlevel 6 a big deal?"

Because of this:

runlevel 3: command line.
runlevel 5: GUI
runlevel 6: REBOOT THE FUCKING COMPUTER.

What I'd done was told every production server on our network to reboot as soon as it rebooted, which leads to another reboot, which leads to another reboot, lather rinse repeat.

At 3:45am on Saturday morning, I knew that every person in IT would have to drive into the office, visit every production server with a bootable USB key, change the BIOS to boot off the key, boot the server into Single User Mode, change the damned file by hand, then reboot the server. This takes about 10 minutes per server -- times ~1,000.

I learned a number of valuable lessons that day:

1. DOUBLE CHECK YOUR FUCKING WORK.
2. See lesson #1
addendum: filing for unemployment insurance in Washington state is amazingly easy.

And that was the very last time I ever worked on physical hardware. To this day, if it's not in the cloud, I ain't fucking touching it.

Here endth the lesson.

Typical Government Worker

psycop says...

Worked for an place I can't discuss trying to make things more efficient. We worked our socks off creating a product which made a small but significant task much faster.

We worked out we could save people 20 mins each per day, ran the numbers across the place and realised it added up to a large number of people freed to do more valuable work.

Then we went to speak to a user at about 1:30pm. "Oh I'm sorry, are you on lunch?". He had his feet up on his desk, reading a book. "No, I'm just done for the day". "You're working a half day?", "No I've finished". "Finished what?" "My 10 widgets for the day".

We realised all we'd done was allow this guy to start reading his book at 1:10pm.

SentrySafe Opened With a Coat Hanger - LPL

BSR says...

When you buy a safe that is less than $100 you'd be a fool to put valuables in it.

If you by a safe that is $5,000 you'd be fool to use it for your garden shed keys.

http://www.usahealthcart.com/infinity-boost/ (Death Talk Post)

Guitars Of Pink Floyd Star David Gilmour Go On Sale

BSR says...

The words they sing are so much more valuable than the guitars they used to transmit their message for almost free.

"Haven't you heard it's a battle of words," -Us and Them

The 7 Biggest Failures of Trumponomics

BSR says...

LOL, come on now, I've never called you names before. Sticks and stones.

So what is your answer to the problem?

I suspect you see the the problem but are at a loss for the answer. Seems you grow frustrated and angry because no one hears you.

I hear you. Your heart sent out an SOS. I'm on your side. I need your pen.

I think I will take that nap. Thanks. I would never give up on you. You are too valuable.

newtboy said:

You're being particularly dense this morning.

I offer you recent historical proof of murderous violent idiot racist Trumpists, wholeheartedly supported by Trump and his people (non racist idiots don't stand with and support idiot racists), you can't see it.
I give you explanatory lyrics that explain the mindset, you attribute them to me.

Then you offer nonsense....likely more lyrics. Should I dismissively attribute suspicion morphing to fearful hatred to you because you wrote it?

Take a nap and try again.

newtboy (Member Profile)

BSR says...

You are delusional if you think you can't write something that people would happily pay for. If you do it for the money your words won't be effective. Write to touch hearts. If you need examples there are tons in songs and movies and books. They all have one thing in common, no matter what. Look for it. It's there. If you touch hearts you give something valuable for free. As far as money is concerned, expect nothing, accept everything. Good or bad.

The judges will find you.

newtboy said:

Yes, but I'm not under the delusion that anyone would pay to read my ramblings.



Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists

Beggar's Canyon