Ubi I guess? Loaaaads of spare time. Anything that the machines can't do for whatever reason is crazy expensive and reserved for the rich. The only way to get rich is to do one of the things the machines can't do. But you don't have to. You can just chill and be ok.
Software developers programmed themselves out of a job. They created a huge and growing set of free, tested, high quality software in the form of open source, that can be use for pretty much anything. LLMs will automate a lot of the remaining pieces.
I think this is a rationalization. Humans are always tempted to look up to power, and what's more powerful than an empire? It goes unquestioned that we should respect the Roman empire, for instance, and you pretty often see an argument for the Mongolian empire. But these days, we know that violence is bad so we have to find other reasons to justify our feelings. So we talk about the "peace" they established after all the war. But is the cost really worth it? How many people not attacked by bandits do you need to justify an innocent murdered by raiding soldiers? Never mind that even the "peace" is often sustained through oppression. The Romans didn't invent crucifixion for Jesus, it's something they did. Never mind that the empire never lasts, and plants seeds of the next dozen wars as it falls, watered with yet more blood.
Ask yourself: if you honestly intended to create peace, would a century or more (in the case of Rome) of bloody conquest actually be the optimal plan? I would say no. An actual plan for peace through strength looks more like NATO than Rome.
Any good an empire builder does is accidental. Whatever they tell you or even themselves, they do it for glory and power, and their actions are optimized for that over any actual benefits. They were not nobler than the conquerors and colonizers were rightfully decry today.
These “film students” are like the people who take computer science just because they like playing video games.
Most of their idea of film is putting together little reels and TikToks. “Absolute Cinema” type stuff. They don’t actually care about movies and the art.
Also, Europe loves to impose its draconian internet laws on the rest of the world, if mutual respect for sovereignty is what they want, then they can now learn to accept the constraints of another nation’s cloud environment. Sucks doesn’t it?
most people are long on silver and gold. who cares if there was a slight correction.
I bought the bulk of my silver in the $20-30 range and am still buying. I bought on the way up, I bought at $120, I'll buy at $85. The price at the time I buy really doesnt matter to me. Only when I sell will it matter.
I hope to cash out and buy ~150 acres of land with it to hunt on and live on.
So it can just go back to the price it was 8 months ago and stay there, there’s no reason for silver to be so high. The companies using it for industrial purposes get it straight raw from the mines they aren’t buying bullions on the silver markets.
Which was my point. Unless someone is heavily leveraged or happen to have bought at the very peak, what matters is the rend, not intra day phenomenons.
I don't mind getting down voted by leveraged traders who got liquidated.
For disclosure I think gold/silver at this point is way overvalued, just the symptom of what this article is all about.
Clearly very few people were buying at 120 which is why it fell back to 85. It's a highly volatile commodity. Commodities markets go through booms and busts all the time and you never even hear about most of them.
Maximize income and cash flow, when things start to crash, you want to have fresh new money coming in to start buying undervalued oversold assets.
In the meantime, keep investing to avoid eroding the value of your money as the dollar drops in value. It also prepares you for the possibility the crash doesn’t occur for a very long time, long enough to grow your net worth substantially to be better insulated.
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