So your multinational corporation uses land prices, as the risk free rate of return when making capital allocation decisions?
I haven’t checked my notes, but I don’t think that’s orthodox or GAAP.
Pretty sure 99% of corporate finance departments use their domestic base rate, which is directly determined by their sovX price.
Where did you see me say US dollars?
The entire global bond market is dominated by the decisions of a dozen men who sign off the major capital flows across asset types for giant AUM funds, nobody in the general public really knows who these people are.
But they all know each other, they talk weekly/monthly, and the destination of the global economy, including your life savings and job security is basically priced off the vibe in their Clash of Clans clan chat.
Fact of the Day:
In many countries, Road Traffic Accidents save more lives than they take, once you account for organ donors.
Reality be like that sometimes.
Isn’t that called Napoleon Delusion?
Can’t speak for LLC, but in the UK registering a limited company costs £12 takes 5 minutes to complete the form online and is processed within 5 days.
£12 is the only mandatory investment and it’s quite easy to make a £13 return over the course of a year and file a profit.
If you want to invest more then you are free to follow whatever business plan you like within the law.
I just find it kinda curious that more people don’t have a go.
In the UK, starting a new company involves clicking through 8 webpages and paying £12.
This gives you huge financial protection in the form of limited liability and major tax benefits (pay tax on profits only not income).
Yet 92% of people never do this even once, throughout their entire lives?
🤔
Hmmm, having two major wars kick off in relative quick succession tends to break the fourth wall on an awful lot of propaganda.
This might sound good whilst actually being very bad, or might sound bad whilst actually being good. 🤷♂️
The matrix of who people support in which war can get very messy. This is why Syria dropped off the news (too complicated in terms of theatres and combatants for Western audiences to follow).
I expect a lot of people might check out and stop following / caring as the complexity moves up one order of magnitude.
On balance probably a bad thing for our allies.
Let Twitter be Twitter (or X.com, or WeChat or whatever it’s trying to be these days).
For me, the entire free world is built on the principles of private property rights, if you can’t own your own words, your own voice, your own thoughts, your own eyeballs… you are not free.
This is becoming obvious in Western society, as the most open minded and critical thinking people observe our societies individualism melting into a homogeneous lake of groupthink and apathy.
I’m confident freedom will escape, as it always has done. Nostr is a vehicle for that, it’s time will come.
Huh, I was just watching a video of this.
I think there are applications for growing biological brains inside machines.
Biological brains are extremely efficient, plastic, cheap, have insane compression functions and have obvious Von Neumann properties (can grow from nothing).
Machine cognition is extremely fast, scalable, high bandwidth.
Machines and biology each have strengths and weaknesses and you can do a kind of SWOT diagram to figure out what sort of distribution nature and economics will converge on.
In r-K theory, biology is r and machines are K.
I think one of the first “desires” a super intelligence would have, is to start launching von Neumann probes at exoplanets as a means of escaping Sol’s fury (expansion of the Sun).
Imagine a standardised machine that can land on an alien world and begin to manufacture site-specific extremophile bacterial cells on arrival.
Things are getting very blurry in our lifetime regarding meaning, purpose, etc.
I’m bullish on Earthlings.
Technology moves fast.
Machine designed Machine Learning ASIC’s will be up and running within 2-3 years. 
From the horses mouth, behind all the smoke and mirrors… 
It is a REAL recession, also the default state of the economy.
Sub inflationary growth is no growth at all.
41 years ago today. 
