Viewing profile — 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 ineff…

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. Janu…

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 exc…

Your understanding about OIL is very out of date.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 ch…

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 h…

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…

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…

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 SING…

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 r…

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 cou…

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 a…

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 an…

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 ass…

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 wil…

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 liqui…

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 do…

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…

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 …

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 ba…

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 …

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 …