Today's the day!
Let's all inspire opportunity
The time is NOW
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Artificial Scarcity - Why The Twitch Cult Is So Appealing - Duration: 8:26.
I'm the Chris Who Plays Games, and this is your CPG Rant of the evening.
You know how much you want to have a verified checkmark on YouTube?
How about Twitter?
How neat would it be to be a Twitch partner?
Or be one of the few indie titles on the Nintendo Switch in its first year?
All of those would be pretty cool, right?
You know what's the same between all of them?
They're all forms of artificial scarcity.
YouTube could give everyone the checkmark tomorrow.
So could Twitter.
Technically speaking, these items cost no money; and since they have (almost) no features
attached to them, they have almost no cost at all.
They're likely a single column in a single database somewhere.
One well-crafted SQL statement later, and you're on track to fame and fortune… except
not.
As The Incredibles taught us: "If everyone's special: No one is."
These items have value *because they are scarce*.
By intentionally limiting the number of people who have been granted these features, they
gain value: By being one of the 'lucky few', you gain prominence… and *how much* prominence
you gain correlates directly with the perceived scarcity or availability.
The more people who have a verified tickmark on Twitter, the less value it has, because
you're no longer special.
This is one of the biggest problems I've always had with people who demand a verified
tick on YouTube, or Twitter, while being smaller creators, or non-notable personalities on
the YouTube platform: it's the type of request that can only make sense *if you believe that
you are somehow special*.
Because if everyone with more than 10,000 subscribers on YouTube got the verified checkmark,
or everyone with more than 5000 followers on Twitter… you'd have millions.
And it applying to you would have no value.
This notion of artificial scarcity is hardly unique.
It applies across a broad spectrum of spaces.
Any place where you have humans doing manual selection, people attempt to game the system
-- to gain favor, to work around whatever criteria there are, to gain in a way that
is *outside the norms*.
(This is why on YouTube, you used to be able to 'purchase' a verification tickmark
for $50 -- users would use their access to the YouTube Partner Management System to request
a verification tickmark for you, working around the normal process.)
Artificial scarcity isn't by default a bad thing.
By applying human judgement to situations, it's possible to apply human judgement to
some thresholds.
But when there's an idea that these mechanisms are straightforward and egalitarian, it can
be misleading -- and can lead people to dangerous decision making.
"If I just get enough followers, I'll get the Twitter checkmark!"
Well, maybe… but don't expect "enough" to be "as many as other people who already
have it."
(Same for YouTube's checkmark, which demonstrably has channels which have 0 content or subscribers
who have the feature.)
This sense of artificial scarcity seems to be a major piece of the Twitch cult, as far
as I can tell.
"Partner" status is coveted, and not just on-platform; it carries over into the physical
world as well.
At PAX East, in their (relatively large) booth, something like 1/3rd of the total space was
dedicated to a space which was only available or accessible to partners.
The partner lounge had full time staff guarding the entrance, ensuring that none of the rabble
were allowed to enter the space.
Which means that Twitch was literally paying to keep others out of their booth.
Most of the time when I walked by, this 'partner lounge' was empty; like an airplane flying
with empty first class seats while every seat in coach is full.
Of course, not every aspect of Twitch partner status is artificial: Many of their partner
features are technical restrictions, where actual scarcity plays a role.
There's no guarantee of encoding for your content, many of the most exciting features
are not available; and of course, there's no opportunity for on-platform revenue generation
if you're not one of the chosen few.
(Ads, Twitch Bits, Subscriptions, and their integration into getting a cut if you sell
games are all attached to partner status.)
But there's still an artificial aspect which is encouraged as well.
And this approach seems to work.
People aspire to this level of greatness, despite the fact that only .7% of Twitch streamers
in 2016 were partnered.
In many cases, the same group of people who would have hung out at an early-stage Occupy
Wall Street rally and shouted "We are the 99%!" in asking for rights, will gladly
cheer for features only for the 1% of people will get on the website that they "bleed
purple" for.
It works.
And why?
Likely for the same reason that so many will vote for lower taxes for the rich while not
lowering them for the middle class -- even when they're in the middle class!
In the same way that every middle class family is a "temporarily embarrassed millionaire",
every aspiring streamer on Twitch is a temporarily embarrassed non-partner.
Everyone sees themselves as having the ability to grow into that role.
That if they tough it out, and do the work, they will be seen; they'll get partnership
status if they can just put in the hours, and everything will be great, because they'll
be among that upper class atmosphere.
It's likely not *true*, but it is what they think.
On YouTube, of course, there's a slightly more egalitarian approach.
While it is certainly the case that all platforms have some level of special treatment -- again,
look only to channels with zero subscribers and a verification tickmark for examples -- YouTube
has always taken the approach of attempting to maximize the ability for even the smallest
creator to be rewarded by the platform.
Monetization?
Enable it on day one.
Before you ever upload a video, you can be in a situation where you can make money from
it.
You're only going to have one popular piece of content ever?
No worries, you can still monetize it.
(This is exactly what I did with my one viral video -- which made me thousands of dollars.)
If you don't want to make money?
No problem.
If you're not making money, *YouTube doesn't run ads on your content*; unlike Twitch, where
they run the ads anyway, and pocket the cash (as far as I know).
There's no limits to features like higher bitrates; there's simple and relatively
low limits on things like Custom URLs at 100 subs (to prevent abuse) or Super Chat/Paid
Content (so that creators don't get tons of money stuck behind an AdSense payout wall
in nowheresville).
At various, now well-defined levels of a specific metric, you get access to more features -- for
example, access to YouTube creator event invites at 1000 subs, spaces at 10,000, and to a verification
tickmark at 100,000.
Heck, YouTube even started offering direct creator support to 10s of millions of channels
in June of last year -- every channel that monetizes has a direct, email based support
option.
Now, as I've said: YouTube wasn't always this egalitarian.
Over the past years, there's been a lot of normalization of the various requirements
-- with the "Opal, Bronze" etc. sub system; with open access to partner support.
It wasn't always consistent.
And there are still systems where "who you know" is important.
Getting your own YouTube Red Original Show doesn't happen based on the number of subs
you have. and don't even get me started on the sponsor button.
But it's a goal: "Broadcast Yourself" applies to *everyone*.
And to see artificial scarcity held up as an ideal; to see people aspire to a height
they'll never reach; get excited about features they will never have; instead of embracing
a more egalitarian platform where many of those features are available for everyone…
it hurts!
Not just for me (because we know I "bleed red" in the same way that many Twitch fans
"bleed purple"; alternatively, I'm a terrible corporate shill).
But I worry about all those people aspiring to a goal that they'll probably never reach.
Because they want to reach that coveted status, and they're most likely going to fail, by
sheer force of numbers.
The majority of people aren't in the top 1%.
Don't be fooled by artificial scarcity, or platforms that target the best only for
the top 1%.
Don't be lulled, thinking it's egalitarian, or fair, or right.
It's not.
It's not just based on success; it's not a level playing field.
Instead, when humans get involved in the decision-making process, it's something else entirely: It's
a judgement on what they want to do with the platform.
It's not about your success: It's about your success combined with someone else's
ideal.
And when you strive for that scarcity… you're playing right into the hands of those who
created it.
I'm the Chris Who Plays Games, this has been your CPG rant of the evening on Artificial
Scarcity.
You can check out some of my other rants on Twitch vs. YouTube Gaming, and other things
like that on my channel.
Thank you very much and have a good night!
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ENERGY UPDATE – Shining Our Diamond Facets And Allowing Others To Shine Theirs - Duration: 10:00.
ENERGY UPDATE � Shining Our Diamond Facets And Allowing Others To Shine Theirs
With so many echo�s of the past, as we are in a very new �Unchartered Process�, we
need to SHIFT SHIFT SHIFT the Old (BB 31st March Pt 3)�and as we do this, we �free�
up the old 3D to be released.
We have taken a GIANT LEAP up, not just �a� step but a huge GIANT STEP recently.
Gaia has shifted in to 5D Christ Consciousness energy recently and so those that are �ready�
and have chosen to do the �hard yards� within, are now moving and shifting and going
through so many changes, with (and part of) Gaia!
This is bringing up past Traumas, that are being triggered in the present of the past.
Deep deep emotional wounding of the past.
As this is part of our RESURRECTION into our Christ Consciousness with Gaia!
As you have/are moving into 5D � in the Human linked with Spirit = BOTH.
As we need to link our Soul to our Spirit to ascend.
Which has led to Dark night/s of the Soul and Spirit, up and out of both � a �Double
Dark Night� in a new and different way.
Of still coping in life on the outside (BB 2nd April Pt 5).
Remember that it is a �process� and we are within a *new* process (BB 30th March
Pt 2) as well�so it is �double double�.
As with the March 27th Equinox energy came �What is it one is needing to CHANGE�
(BB 27th March Pt 1).
So with all the changes we are going through in shining ALL facets of our Diamond ~ and
no longer shining others� ~ As we are needing to �hand over the cloth� to others to
shine their own diamond facets, as part of our changes ~ leading up to our Resurrection,
that this is all �part of�.
As we do this and in all we are going through, with where we are right now, we are being
reminded that Spirit and others in Spirit are very much with us and supporting us.
�Do not doubt them.
The more open and accepting you are, the stronger their communication will be�
Faith is about trusting Spirit, especially in those times when everything seems as though
it�s going wrong.
Spirit is asking you to have a bit more faith and trust.
This is about restoring faith, but not just in Spirit.
It�s about restoring your faith in yourself, in your abilities, in your choices, and in
your heart�.
�Do not doubt yourself or allow someone else to shake you with accusations, should
that be the case.
Your integrity demands that you do what feels right.
Your heart is good.
Do not allow any outside influence to leave you questioning it.
Spirit doesn�t.
Carry on doing what you are doing.
Just stay true to what you feel is right.
That is all anyone can ever ask of you.
Often the Integrity card comes to those who are here to do important work on Spirit�s
behalf�.
Please read the full reading below and feel this within and let the beautiful words and
their �energy resonations� touch you deeply, to help bring through for you, to feel that
we have so much love and support with us during these massive massive changes in so many ways
in our lives.
MEDIUMSHIP
When thoughts of our departed family member or friends come to mind, it is because they
are with us in that moment.
This card can be a way for your departed loved one to tell you that they love you and are
still very much here with you.
Most likely, you are in need of their love, support, and encouragement at this time.
And though you can no longer see them, they have not left your side.
The other reason this card may have come to you is because you have a gift and ability
to speak to those on the other side.
It is quite possible that you are not aware of this gift.
Spirit is encouraging you to begin to develop this skill.
On the other hand, you may be quite aware of your mediumship abilities, but questioning
your skills and level of connection.
Most intuitives feel they could be more connected, bring through clearer messages, or receive
more information.
It is hard not to doubt yourself at times, but right now Spirit is saying not to.
You definitely have a gift, and sometimes we just simply need to �get out of our own
way�.
Try not to compare yourself to other mediums.
Just allow your gift to operate for you in its own unique way.
Trust and accepting are the quickest ways to nurture your connection to its fullest
potential.
Either way, those on the other side are reaching out to you at this time.
Be open to their communication, in whatever form it may come.
Every person on this earth is born with the ability to connect with those who have passed
over.
Do not doubt yourself.
Do not doubt them.
The more open and accepting you are, the stronger their communication will be.
FAITH
How much faith do you really have?
Often we will say that we have faith, until life starts to get out of whack and things
fall apart.
It is easy to have faith when everything is running smoothly, but what about when it doesn�t
go as planned?
It�s hard to remain strong in faith when nothing seems to be going as you�d hoped.
This is exactly what faith is.
Faith is about trusting Spirit, especially in those times when everything seems as though
it�s going wrong.
Spirit is asking you to have a bit more faith and trust.
Being human means our point-of-view is limited and our understanding is skewed and one-sided.
From the view point of the Universe, everything is in Divine and perfect order.
Everything is exactly how it should be and needs to be, to help move to your rightful
place on your path.
Do not pull back your energy and trust because things are not working out the way you thought
they would.
It may not feel good, but you have to honour the wisdom of Spirit and the outcomes that
are arriving.
Know it is perfect.
It is for your best and highest good.
Breathe, and trust what is.
Allow yourself to let go, even if only a little at first, of any expectations you have.
This card is about restoring faith, but not just in Spirit.
It�s about restoring your faith in yourself, in your abilities, in your choices, and in
your heart.
It�s about restoring your faith in your fellow human and mankind as a whole.
Some of the human experiences you�ve had have damaged your trust and faith.
Spirit is holding out their hand to you, but it is up to you to find the faith within and
to take hold of it.
Regardless of whether you do or not, Spirit is by your side every step of the way.
INTEGRITY
This card comes to you today because your own sense of integrity is strong.
Do not doubt yourself or allow someone else to shake you with accusations, should that
be the case.
Your integrity demands that you do what feels right.
This is because your integrity is directly connected to your spiritual sense of direction-much
like a compass.
It helps you align with the Divine plan and take right action.
One of Spirit�s ways of guiding us is through our integrity.
It�s important for you to remember that whatever action you have taken, it was the
best of intentions, regardless of the outcomes.
At the end of the day, it�s between you and God-no one else.
Keep that in mind.
It doesn�t matter what anyone else thinks, it only matters what you think.
Your heart is good.
Do not allow any outside influence to leave you questioning it.
Spirit doesn�t.
Carry on doing what you are doing.
Just stay true to what you feel is right.
That is all anyone can ever ask of you.
Often the Integrity card comes to those who are here to do important work on Spirit�s
behalf.
These people are strongly guided by their integrity.
You are one of them.
And sometimes, your strengths and gifts are tested so you can discover for yourself, just
how strong they are within you.
This card may also come to you if you are trying to deal with someone who is out of
alignment with their personal integrity.
Regardless of what takes place, do not deviate from your own sense of integrity as you deal
with the situation.
And do not attempt to fix or change the other person.
Send them love and forgive them as best you can, while you remain strong in your own truth
and integrity � Return of Spirit Oracle Cards-Cheryl Lee Harnish.
SUPER INNER STRENGTH
As we break �through� the old from what we have endured in the past.
This is BRINGING THROUGH A NEW SUPER STRENGTH FROM WITHIN.
Of �breaking� through of our �Lion Roaring� from within � for ourselves to be �heard�.
As this is an Inner Inner break through.
I will continue to share more as we go through this �together�, in all we each are and
are uniquely experiencing.
As we continue to �carry on� in Faith and Trust, that you are doing the best that
you can, as when one questions themselves, then that is acknowledgement that we are�it
is those that are not questioning and seeking or looking within deep and further�
We are �not responsible� for others� growth.
They need to �shine their own diamonds� � as we carry on and continue on in SHINING
OUR DIAMOND FACETS.
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What is a Changemaker? | University of St. Thomas - Duration: 0:56.
What is the changemaker?
a what?
a changemaker?
yeah what is a changemaker?
A changemaker is someone who creates
solutions and what that means here at
the University of st. Thomas is that
we've been named the first Changemaker
campus in Minnesota by Ashoka U.
Hi, my name is Danielle and I'm asking you to
think of ways you can become a Changemaker too.
So what does that mean?
For us on campus, students use our Maker Space
to collaborate on socially innovative
projects and prototypes. In our community,
students contribute more than 70,000
volunteer hours a year, improving the
quality of life. In the world, we've
helped Haitians re-engineer their breadfruit
into flour and other foods.
Now, let's put our heads together to think of
more ways we can create lasting change
and make the world a better place.
All for the common good.
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Fear - Duration: 1:54.
fear is that sharp pain right behind the eyes
Fear
you said fear is sitting on
the edge of your chair fingers gripped
tightly underneath it and holding on for
dear life
when you feel it's going to tip over
I said fear is that tight knot
balling up in my gut like fist knocking
me down to immobilization
You said
fear is that sharp pain right behind the
eyes where the blood vessels swell up
and I go blind
I said fear is that
throbbing ache in my temples causing a
headache so severe I cannot hear what
you're saying
You said fear is sitting
in a room full of people wanting to say
something but you swallow the words hard
become a huge lump in the back of your throat
I said fear is about not wanting
to change I want to I know that I can
become something more there is a greater
definition in my life
you said if I drop the definition and
just let it happen then that is evolution
and I can fly and I can sing
and I can dance with the moon
and we said together then
it is no longer fear
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Gendered Intelligence is taking part in Hackney Half Marathon 2017 - Duration: 0:51.
My name is Sasha and I coordinate
volunteers at Gendered Intelligence and
I'm also a youth worker. Every year we
take young trans people camping.
Last year we took 70 young trans people
camping and we had 140 young people apply.
So to support this we run a GI marathon
- well, it's actually a half marathon but still -
to help raise money to take young trans
people camping in this year. So last year we
raised over £345 each and it was
9 runners. This year 7 runners and I'm one
of them and we are going to raise around
£3,000. So please can you donate
and help us take young trans people
camping.
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British website changes 'Sea of Japan' into 'East Sea' after Korean student's request - Duration: 2:20.
The name for the body of water between Korea and Japan has long been a point of contention
between the two sides.
Unfortunately, Tokyo's self-claimed name is being used more widely today.
One persistent high school student in Busan has marked down a victory in trying to change
that.
Kim Hyesung has the full story.
Sixteen-year-old Choi Hyun-jung is just like other high school students in Korea, but she
has a special interest in Korean history and international relations.
That passion prompted her into action last month, after she saw a British website with
a map that used the name Sea of Japan instead of East Sea.
"Marking Sea of Japan is destructing legacy of the Japanese imperialism.
And I also mentioned that International organizations like UN and IHO already agreed on using both
East Sea and Sea of Japan.
Foreign websties like World Atlas and Amazon already are using both of them.
So I request the head of the website to change the error on the map."
After multiple emails, the website's head editor sent her an apology and changed the
map on March 23rd.
Lying between Korea and Japan and extending north toward Russia, the East Sea is more
than just a body of water... and the name is one Koreans have used for over two thousand
years.
- "Using the name East Sea is very important
for Korea's sovereignty.
Sea of Japan is a term used by the Japanese after 1929, a legacy of Japanese colonial
rule, but there's a limit to what the Korean government can do to fix it due to its sensitivity,
so having civilians ask map publishers or websites to change it is a very positive move."
"A positive move that is also powerful.
And it shows once again... that with persistence and passion, a person can always make an impact.
Choi says the experience has given her the courage to study more about Korean history
and she will continue to work as a civilian ambassador for her country.
Kim Hyesung, Arirang News, Busan."
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Cybex Cloud Q | Reviews | Ratings | Prices | Magic Beans - Duration: 7:52.
Hey, this is Eli from Magic Beans, and in this video I'm going to be showing you the
2017 Cybex Cloud Q. The first thing you need to know is that there are no differences between the
2016 and the 2017 Cloud Q.
But this may be an infant car seat that you're looking at. This infant car seat is compatible with more
strollers than just the Cybex
strollers. If you want to see a video that I did all about how the Cloud Q is compatible with other strollers,
you can just click right here. If you have any questions about this you should email me your questions to questions@mbeans.com
We can answer all of your questions about the Cloud Q or any other infant car seat. Or if you want more information
you can just leave a comment below. And remember the Cybex Cloud Q is available to buy from us from Magic beans for free shipping.
Here's the review.
I have in front of me the Cybex Cloud Q. There are 4 different varieties of
this type of car seat. There is the Aton, the Aton 2, the Aton Q, and
the Cloud Q. They're all sort of similar to each other,
but the Cloud Q is definitely the top of the line
and it has a really really unique and awesome feature which I can't wait to show you in a second.
But let's talk about the base, because if you don't talk about the base you've kind of missed the point of this car seat.
So I'm going to remove the car seat from the base.
And this is the base. It looks very similar for the Aton 2, the Q, and the Cloud Q. They aren't exactly the same
but they're very very similar. The first thing you need to know is that they have something called a
load leg. A load leg is another tension point that goes down to
the base of the car, the foot of like the bottom of the car. So if you are
(infant car seats go rear-facing)
if you're God forbid in a crash, what happens is
the
load leg is an extra stabilization and connection point which helps secure the infant car seat. Which is great--very popular in Europe.
But it does not only have a load leg, no no, it has this tensioning plate.
This is what this does. So if you actually
pull this, the base lowers and you can remove these LATCH connectors.
And if you're using LATCH using the lower anchor in your car to tension to install the carseat you click one in
Keep this open
Click the second in
Take out a little slack from the
latch, and then what you do is you do this, you push this down and
this little orange knob turns and guess what? It is so
secure. It's installed without having to tug on anything. Easy peasy, put the infant car seat back on. But here's the really cool thing
about this is
that
the funny thing about LATCH is that it only, in most cars, only exists on the driver side and on the
passenger side. So if you want to install your car seat in the middle of the back seat, there aren't really
typically easy ways of doing that with the seat belt except with the Cloud Q or the Aton Q or the Aton 2.
Let me show you how that works. So
I'm going to remove that latch, open this back up. But now what you can do, you line up your seat belt open up the tension plate
Send it through
Then what you do is you just click it in okay?
And now what you do is just like you did before, you push this down
actually
remove the slack and
then push this down.
And then again, less than one inch of movement at the base.
But when you're installing this with the seat belt it is not a lock off.
So what you have to do is you have to take the seat belt, pull it all the way to the end
until the seat belt switched into the automatic lock position, and now it's installed fine. So you can use this
easily installed with a seat belt in the back of
the back seat of your car. Boom, mind blown.
I know, it's amazing. So let me show you a little bit more about the actual infant car seat.
So you have that load leg, you have that really cool tensioning plate to install it super easy, but there are more safety features.
So cool. There is the LSP system.
So these really neat prongs pop out, you pull them right out
So if you are God forbid in a side impact collision, what's going to happen is it's going to hit the LSP system first
Which is going to help absorb the energy and be extra super safe in a side impact collision.
These LSP things are on both sides of the infant car seat. There also is a non-rethread harness on this as well.
It's really cushy and comfortable for baby.
You just pull this little loop on the back, and you can (it actually starts at 4 pounds
so you can use this with a really little baby) and then
it
slides right up as the baby gets bigger.
But no,
I didn't show you the coolest part about
The Cloud Q which makes this different from almost every other infant car seat on the market. This is a Cybex Priam.
Remove the seat
Come with these car seat adapters. Click one in
click two in
Remove it from the base, and now you can just click in
Your Cloud Q.
Cool. But now,
There's this little lever on the back and you push down and it reclines! Yes
this is a reclining infant car seat. The baby can lie flat
when you're walking around town with the baby in the infant car seat. Now you may have heard that we don't want the baby to
be lying all day long in that sort of L in that V position.
But the nice thing about the Cloud Q is you can have the baby lie flat, you can use it instead of a bassinet, and
it's great if you're planning on using your infant car seat a lot if you're a
family that's going to be on-the-go a lot. You can see here that there are these little red
sort of closing things
closing things
So what that does is that it stops it from being able to
recline in the actual base of the seat, so it can't actually recline in the car only in the stroller.
And it looks really cool too. While you're doing your research about Cloud Q, you may realize that there is a
regular variety and a luxe variety. The only difference between the regular and the luxe is the luxe have upgraded
fabric, so they're a little bit nicer.
But they're, for all intents and purposes, the same. You may have more questions about this infant car seat. If you do,
you should email me your questions to questions@mbeans.com. We, me and our team of highly
trained baby your experts, will answer all of your questions about infant car seats or about strollers or about any other baby product.
So please email me your questions to questions@mbeans.com or you can leave a comment below.
Remember the Cybex Cloud Q is available from us from Magic beans for free shipping. If you live outside of
Massachusetts or Connecticut, you'll also save the tax. Now if you liked this review, and I really hope you did, please give us a like and
don't forget to subscribe to our youTube channel where we publish all the time the latest and greatest in
baby gear strollers car seats and toys. Thanks so much for watching!
-------------------------------------------
Monday Humor Fed Tired Of Waiting For Inflation Plans - politics - Duration: 4:23.
Monday Humor?
Fed "Tired Of Waiting For Inflation" - Plans To Give Every Household $1 Million In Cash
The basic idea is that giving each household, regardless of wealth or income, $1 million
each will spur consumption so mightily that inflation will skyrocket.
The Federal Reserve has been trying to boost the official inflation rate for eight long
years, and apparently patience with current policies is finally wearing thin.
Rumor has it that the Fed is readying a new "nuclear option": distributing $1 million
to each household in the U.S.
The Fed can create any sum of dollars it chooses with a few digital keystrokes.
An unidentified source at the Fed reported, "The handheld calculators at the Fed only
have 12 digits, so there's a bit of confusion about how much money we'll have to create
to give $1 million to all 100 million U.S. households.
The consensus answer is $100 trillion, but they're putting the numbers into the current
econometric models to verify this."
The basic idea is that giving each household, regardless of wealth or income, $1 million
each will spur consumption so mightily that inflation will skyrocket.
"What the Fed has wanted for eight long years is to generate an expectation of inflation,"
our source explained, "so that consumers will spend whatever cash or credit they have now,
knowing that it will buy less in the future."
Once people expect substantial inflation, they realize the best course of action is
to borrow as much money as possible now before interest rates rise--an inevitable consequence
of inflationary expectations.
They also realize it's best to buy whatever you can now before the price rises next month.
"The advocates of this program see asset prices leaping higher," the source said.
"Why would a seller of a house asking $500,000 before ther giveaway maintain an asking price
of $500,000? of course the price will immediately jump to $999,000."
Debt repayment becomes much easier with $1 million in cash.
The source iside the Fed noted, "Imagine how much money the federal government is about
to lose in student loan defaults.
With $1 million in cash to each household, naturally the government will deduct any student
loans, overdue taxes, penalties and so on up front.
The banks will love this and so will the federal, state and local governments."
Skeptics are uncertain that households will feel any motivation to pay off private debt
such as home mortgages.
If interest rates are set to jump higher, it makes sense to hold onto your 4% mortgage
rather than pay it off.
The Fed insider noted that advocates expect a tremendous surge in big-ticket consumer
durables such as RVs, muscle cars and vacation getaways.
"It will be a bonanza for every company selling whatever the middle class aspires to," the
source said.
Skeptics believe the money would be better spent on rebuilding America's crumbling infrastructure,
but the Fed source said that's already been factored in.
"Every level of government can reap a fortune with consumption taxes, user fees, transfer
taxes, sales taxes, you name it.
With a million bucks to blow, how many people are going to complain about higher sales taxes,
transfer taxes, registration fees, higher property taxes and all the other new revenue
streams?
Very few."
When asked about the potential of triggering Venezuela-like hyper-inflation that ends up
destroying the currency and the economy, the source demurred.
"The Fed is very confident it has the tools to manage inflation as well as it managed
the 2008 Global Financial Meltdown: whatever the problem may be, the solution is to create
more liquidity and credit."
So how are you going to spend/invest your $1 million?
-------------------------------------------
This Audi Sport Quattro S1 E2 Replica Is Keeping Historic Group B Rallying In Motion - Duration: 6:48.
The feeling I get when I put on a racing suit,
a helmet and then just start the engine
it always gives me goosebumps.
When I change the gears from 1st to 2nd to 3rd to 4th
the words of Walter Rohrl come to mind :
"If you are driving this car your thoughts will be too slow."
And that is how it is. As you shift gears the car goes
peng! peng!
My name is Volker Gehrt
I live in Thuringia, in the middle of Germany,
and I drive one of the most spectacular racing cars
that the world has ever seen,
an Audi Quattro S1.
About 12 years ago
I was at a car show with my wife
and we saw a vendor
that had scaled models, and I said to my wife:
"Oh look! there is an S1!"
She replied: "You know what?"
"Let me get it for you so you can keep it on your desk."
The model then sat on my desk for 3 years,
from time to time I looked at it, played with it,
thinking to myself
how absolutely beautiful the real car was.
With time I thought
that there must be a way to build the car,
I had to find a way to do it,
Then came the time when
I crossed paths with Roland Gumpert,
who later became a good friend and associate.
I can still remember exactly,
when he sat in my office
and the little model Audi was on my desk
he looked at it and said :
"Those were great times when these cars where racing, Mr Gehrt. "
At the time I had no idea
that he had been the head of Audi's Motorsport
and the inventor of the Quattro.
He kept this from me for a very long time,
but when it came out we were again sitting in my office.
By then we had moved onto a first name basis,
I had the model Audi in my hand and said to him:
"So Roland, wasn't that a marvelous time with this car?"
"Of course it was!" he replied.
"We won a lot, with Stig Blomqvist"
"with Michelle and Walter"
So I asked him:
"Roland, how about we realize this dream of rebuilding the car?"
"Yes, that would be fun" He replied.
"We have all the manuals, because I saw them on your desk"
"I know some guys where we can source this and that"
"Really?" I replied.
"Yes, I have been researching this for a long time" He said.
I thought it was sensational.
He proceeded to advise me with more information
and suggested that I build the 1985 Sanremo model, since it was lost.
That model demanded to be re-built.
as close to the original as possible.
During the build, Roland Gumpert called one day
to ask me if I was in my office, I replied that I was.
"Make some coffee, you have a guest coming over soon." He said.
I asked who was coming.
And he replied "Walter Rohrl is coming to look at your car"
"to see how far you have gotten with it."
"What?! Walter Rohrl is coming?" I said.
He told me to hurry up that Walter would arrive within the hour.
I will never forget when he arrived
he stood in front of the car and said
"Mr Gehrt I feel like"
"I am having a deja`-vu"
"I am taken back to Audi Sport looking at my winning car."
That gave me goose bumps.
Rohl continued "Look! I just got goose bumps looking at my winning car!"
That is one of those stories that I will never forget.
The car we built is so high quality
and true in every detail,
to resemble the original
that whe the drivers come and see it they say:
"Wow! This is exactly how my car was!"
And when I imagine what it could have been to
drive this car in Italy, through Tuscany
perhaps even on gravel,
the car pulling through Tuscany
and behind it this huge dust cloud,
that must have been the greatest feeling.
And I think that is exactly where this car belongs.
-------------------------------------------
How long coin battery will last - Or it is unlimited free energy - Science Experiment - Duration: 6:12.
what is the beautiful people this is Roy
and Welcome to another brand new video
on this channel near about 4-5 months
back i upload a video about Coin charge
a basically you can charge your phone using
coin. And this video get me and about 5
million views and 50k like so this
video I am going to answer some of your
questions regarding Coin charger and
the most frequent question was how long
this coin battery will last
so let's find out guys.
Rishi comments will
this work with 1 or 2 rupees coin
Yes bro it works with 1 rs or 2 rs coin
any coin that has little bit copper in it
This is piece aluminum sheet a 1 rupee coin
it's a piece of clothes put them
together like this now you test them
you will find little bit voltage near about
0.2 volts just making a battery that
going to power a LED you need at least
12 Coin i am using Indian 10 Rs coin
coin you can use any coin
now place an aluminum sheet and this will become your
ground and here i have 12 screen cleaning
paper that's come with skin guard and it
is soaked in vinegar place one here now
place a coin so this is become a single
battery cell and its generating near
about 0.4 volt
Second cell
0.7 volt
I have finished building the cell
And here I have total 12 cells pilled up over each
other 5.27 V and if you guys are
wondering what is this is called a
digital multi-meter now check the amps
the current is care about 2 mili-amps
it's going to make a battery that can
charge your phone around 1amp you need
least 500 of this kind of cells
I set my go pro 5 on time laps mode
and the LED is running on
on this battery for near about an hour
It has been near about 3 days since I build this battery
Battery and the LED is still glowing
guys a little bit the light is really
dull but which is still working guys
when I started this experiment I thought like
this battery might work for couple of
minutes maximum an hour but this thing
below my mind is working for near about
three days so better is completely dried
out this and all of this coin turn
little bit Brown looks like it's kind of
burned out and this is a vinegar strokes
tissue and we completely dried out and
the vinegar is turned out kind of salt so
the battery is now completely dead now
I'm going to drop some acetic acid on
the battery and let's see whether we get
some voltage or not.
it took near about 10 minutes to reach 5 volts
And the current is never about 1.25 mill amps
The battery is fully restored now give it a test
say it is ground to put here and this is
positive so guys how bright it is super
bright so many people complain about
this video is this fake it is not fake
hundred percent legit guys
at it okay if I move this still working
I remove them still working
Three cell one
Now one
Two
three
Four
one two three four
There is six cells
now test it again this walking there is
no battery nothing inside this
This all cells
Let test it again
11 these two three four five six seven
eight eight nine ten eleven twelve and
This is thirteen
I show you guys
bright light
light
little dim
Working still working
now not working
from third cell it is not working
Next i will test
one two three four five on a 13-6 and a
lighter okay with it give light
five full bright
look at how bright is this light
thing is really bright and i think i can
make a torch out of it yeah you can make
a torch out of this light
hey guys
thanks for hope you like this video if
you liked it make sure you smoke a big
tons of this video and meet with you on
my next video till the end tata bye bye
and peace
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