johnrgrace

5 ms·

1.
by johnrgrace 2mo ago
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.
2.
by johnrgrace 11mo ago
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.
3.
by johnrgrace 1y ago
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
4.
by johnrgrace 1y ago
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.
5.
by johnrgrace 1y ago
Your understanding about OIL is very out of date.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
6.
by johnrgrace 2y ago
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.
7.
by johnrgrace 2y ago
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 engi
8.
by johnrgrace 3y ago
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 syste
9.
by johnrgrace 3y ago
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 10
10.
by johnrgrace 3y ago
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
11.
by johnrgrace 4y ago
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 &quot
12.
by johnrgrace 4y ago
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
13.
by johnrgrace 4y ago
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&#
14.
by johnrgrace 4y ago
Overnight in Texas it often is free in the wholesale markets.
15.
by johnrgrace 4y ago
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 b
16.
by johnrgrace 4y ago
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 othe
17.
by johnrgrace 4y ago
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 overs
18.
by johnrgrace 4y ago
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 in
19.
by johnrgrace 5y ago
Simply Throw enough Hail mary tests with 95% confidence intervals and one will come up as good simply due to randomness.
20.
by johnrgrace 5y ago
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 make
21.
by johnrgrace 5y ago
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
22.
by johnrgrace 5y ago
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 sta
23.
by johnrgrace 5y ago
Turn off bitcoin does that provide enough power so the world doesn't starve?
24.
by johnrgrace 5y ago
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 back
25.
by johnrgrace 5y ago
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.
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by johnrgrace 5y ago
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 b
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by johnrgrace 5y ago
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.
28.
by johnrgrace 5y ago
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
29.
by johnrgrace 5y ago
Jobs are about more than a wage rate. To have unstable hours that you can't plan for makes some employers look terrible.
30.
by johnrgrace 6y ago
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

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