Capitalist

‘In a modern economy, in which many economic agents simultaneously perform different functions, we will use the term capitalist to denote that economic agent whose function is precisely to save; in other words, to consume less than he creates or produces and to make available to workers the resources they need to live for the

(An economic Ponzi scheme) – Evergrande Moment – ‘China Evergrande is not ‘too big to fail’, says Global Times editor’

‘There is now ample evidence of a marked Chinese Credit slowdown. It may not be a “Lehman Moment,” but it’s definitely an “Evergrande Moment.” And it’s difficult to envisage sufficient Credit growth to sustain China’s historic Credit and apartment Bubbles.’ – Doug Noland (Evergrande Moment – ‘China Evergrande is not ‘too big to fail’, says

Estimate: October, 2025 – Safire Plasma (beyond fusion) Reactors commercially available – Abundance

‘SAFIRE can create, control, contain, sustain, and repeat-at-will any number of plasma regimes. No other technology in the world can do this. Seven years of empirical testing has resulted in a unique patented stable spherical “SAFIRE” plasma reactor.  AUREON ENERGY LTD. will commercialize the SAFIRE technology into three key markets: > clean energy production > heating

‘The methodological ideas of the Austrian School evolved in parallel with the debate on socialist economic calculation, and criticism of positivist methodology is one of the most interesting by products of this debate.’

‘..Contrary to the assumptions of the “positivist” school, we do not consider empirical evidence alone sufficient to confirm or refute a scientific theory in the field of economics. We deliberately stated that we aim to study how historical events “illustrate” or “fit in with” the theoretical conclusions reached in our analysis, not to carry out

Prometheus .. the rebel against the tyrant .. the champion of man

‘Prometheus is, politically, the symbol of the rebel against the tyrant who has overthrown the traditional role of Justice and Law. He is the symbol of Knowledge against Force. He is symbolically the champion of man, raising him through the gift of intelligence, against the would-be destroyer of man.’ – David Grene (‘.. the symbol

(Story) – Opening the gates to the Garden of Eden

‘The essential message is, stop focusing on self and start thinking about service to others.’ – Barbara (daughter of Jack Bogle) Near future Cyc, near future. Mind communication with Cyc was immersive. The 2019-2040 time period please. All the time probes were actived, some where in the past, other in possible futures. Cyc, being in

(Story) – ‘Inter-temporal smoothing’, social disharmony

‘Mr White said QE and easy money policies by the US Federal Reserve and its peers have had the effect of bringing spending forward from the future in what is known as “inter-temporal smoothing”. It becomes a toxic addiction over time and ultimately loses traction. In the end, the future catches up with you. “By

(Story) – Time (social, physical)

‘I’ve always had serious issues with central banks promoting the perception that they would eagerly backstop market liquidity. Liquidity is a fundamental market risk – that can’t be permanently transformed, transferred or mitigated. It’s a precarious proposition to promote the belief that contemporary central banks – with unlimited capacity to create liquidity – will do

Time preference

‘..The law of time preference is just another way of expressing the following essential principle: any actor, in the course of his action, tries to achieve the results of the action as soon as possible, and he is separated from his ends by a series of intermediate stages involving a certain time period. Hence time

(Story) – Time probe

There was this little box, which appeared and than disappeared. This happened a couple of times every day. ‘Cyc, what’s up with that little box?’ ‘Calibrating time Sir.’ ‘What?’ Cyc; ‘Sir, it’s a time probe. It just needs to get a good fix on our ‘present’ time.’ Mmm. ‘Where is it now?’ Cyc; ‘Two years