#Well I hope the dollar devalues to the same level again
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Hm. Had forgotten trump was president during 2018.
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âThe Other Guysâ wants cops to go after the real criminals
Before director/writer Adam McKay pivoted into populist screedâs against capitalism and political corruption in films like âViceâ and âThe Big Shortâ he was largely known as one of the many âdumb comedyâ directors working in Hollywood.
In fact, with major productions such as âAnchorman,â âTalladega Nights,â and âStep Brothersâ he could almost be billed as THE dumb comedy director or certainly THE Will Ferrell director at least.
(To a certain extent, THE John C. Reilly director too.)
Those movies are certainly divisive amongst some filmgoers, as you either fall into the âturn your brain off and laughâ category or the âthis is pure nonsenseâ crowd. Iâm somewhat in the middle on all of it but one McKay/Ferrell vehicle provided a bridge between the âdumb comedyâ years and his more serious satires of American politics and that movie was 2010âs âThe Other Guys.â
Billed as just another parody of buddy cop flicks, âThe Other Guysâ is a comedy that still holds up pretty well by todayâs standards. Mark Wahlberg in many ways plays an unhinged caricature of every tough guy persona he has ever played in detective Hoitz and perhaps more brilliantly Ferrell, as detective Gamble, is allowed to be the straight man of the duo for change, finding humor in a more subdued performance. Together they form a kinetic duo that play hilariously well off each other in a film that is rarely dull from start to finish.
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(Flawless logic here in the famous Tuna vs Lion debate)
âThe Other Guysâ takes some decent shots at the violent nature of cop culture from excessive police overreach in the filmâs hilarious opening scene to copsâ shoot first ask questions later approach with detective Hoitz backstory involving shooting Dereck Jeter during game 7 of the World Series. In between more typical Ferrell comedy flare involving hot wives and ex-wives, hobo sexy orgies, and TLC references thereâs a lot of pointed, tongue-in-cheek humor at the police that one can find great humor in.
Itâs a descent satire of the cop movie and the culture around law enforcement on this alone but McKayâs real target isnât the police so much as it is who the police arenât going after.
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(For the record, peacocks and cops, for that matter, donât fly.)
2008 probably feels like eons ago to many of you at this point but it was the year I personally came of age. I had graduated high school, The Lakers were good again, âThe Dark Knightâ and âIron Manâ had just come out, I had hopes and dreams as I entered college at San Jose State and ohâŚthe Great Recession had just started!
Iâm not going to go into extreme detail here but our economy had itâs worse collapse since the Great Depression caused by the subprime mortgage crisis due to vast widespread failures in financial regulation, breakdowns in corporate governance, vast trading and over borrowing, housing bubbles bursting, and heads of businesses just vastly ill-equipped to handle their hubris in that moment.
Major businesses and banks were on the verge of collapsing and then at the last minute the US government passed a $700 billion, with a capital B, bailout to put them all back in the green.
Corporations like Bank of America, Citi Group, Morgan Stanley etc received between $10-$25 billion each for their struggles and were able to stay alive in the countryâs ever worsening state. This was great, except 2.6 million average working-class people lost their jobs during this period, including my father.
By the way, a guy like Joseph Casano, an executive at AIG, got a $34 million bonus for helping lead companies such as his into the recession.
This is McKayâs real target in âThe Other Guys.â The satirical cop humor is largely window dressing to draw audiences in to the theaters so that he can show all of them who the real criminals of this country are.
As the plot of the story starts to kick into full gear the more obvious culprits of a typical Hollywood cop movie are dismissed. Though Hoitz is convinced itâs more the usual cop movie style villains of âsex and drug traffickersâ at first, Gamble slowly pieces together a plot of dastardly insider trading. What it ends up being is that the bad guy is really just a doofus hedge fund manager named David Ershon played comically by Steve Coogan who made one too many bad investments to bad people.
Ershon has put his people and the people he owes money to deeper into the red, not at all unlike the wealthy CEOs and bankers who messed up the country during the 2008 recession, and it has led him to take desperate action to get everyoneâs money back. Ershon, of course, tries to get Hoitz and Gamble off his tale by bribing them in a variety of hilarious ways (one of the funnier sequences of the film) but eventually gets caught up with the SEC and those who prosecute white collar crime (who are unsurprisingly also in bed with the people he owes money to).
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(Somehow, I donât think this is far off from reality...)
Hoitz and Gamble continue on the case but find that taking on white collar crime isâŚcomplicated to say the least but most importantly ineffectual as detailed in this scene.
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(Again, probably not far off from reality...)
The 2008 recession, wiped out millions of jobs, with rural parts of the country getting hit the hardest and in many ways still feeling the effects today. If you were a POC you were even more unlikely to not recover from the crash. Property values plummeted, student high education success rates dropped, opiod overdoses from âunemployment deathsâ and many more awful things happened during this period of great economic distress.
And what happened to the folks largely responsible for causing this mess? They got a fat fucking payday and a dismissive finger wag largely by our own government.
âThe Other Guys,â more or less, ends the same way. Despite putting away Ershon, the company he was swindling, who gambled their peopleâs money, was still bailed out by the US government. A real âhappy endingâ that is played as a dark, matter of fact, joke before the credits roll.
(Again, we laugh but how far off from reality is this really?...)
I graduated from college in 2013, tens of thousands in debt from student loans and trying to navigate a largely bereft job market where wages had largely not changed in as many years. In 2008 average rent cost about $850 a month, by 2013 it was $953, today in 2020 itâs $1,097. The average entry level salary (for a clerical/ office professional) between 2008 and 2018 went from $46,886 to $45,882 showing a decrease in value.
In 2008 the richest man in the world, Warren Buffet, was worth $64 billion. The richest man in 2020, Jeff Bezos, is worth $200 billion.
If the fact that Jeff Bezos is worth more than some countries on this planet doesnât make you infuriated alone I donât know what will.
Btw Buffetâs net worth increased as well to $79 billion himself, in case you think itâs âunfairâ to compare him to Bezos.
Sometimes I think the reason people arenât angrier about this worldwide is 1) a bunch of us think we are all one hard working day away from being filthy fucking rich ourselves, one of the many great lies of capitalism and 2) many of us donât actually know just how big a BILLION dollars is, so here let me help you all out:

With COVID in 2020 weâre seeing it all happen again, just as it did in 2008. Record unemployment rates, small businesses closing, evictions skyrocketing because no one can pay rent and all we got for it was a $1,200 band-aid (assuming you did get yours). Meanwhile billionaire slugs like Bezos and Elon Musk saw their net worth rise sharply during this period, hell even the fucking Lakers got a $4.6 million dollar âsmall businessâ loan (though they did return itâŚonly after getting caughtâŚ).
The highest sum of cash ever stolen from a bank was $18.1 million (equivalent to roughly $30.1 million now) in 1997. These are the people cops and other âloose cannonsâ in popular actions movies are usually running up against. If you think stealing $30.1 million is a lot of money worth sending the cops over then $700 billion of our own tax dollars given to people who ruined the lives of millions of Americans should make you fucking furious. The only real difference here is one was made legal by our own elected government.
Adam McKayâs âThe Other Guysâ may be on its surface just another âdumb comedyâ that mostly satirizes cops, but its villains are very real and unfortunately as American as apple pie. Under capitalism our labor only continues to get devalued every year (even the skilled positions), while the richest 1% of the human race only get fatter with their wealth. Things are only getting more expensive and the working man is getting priced out of more and more daily luxuries and even essentials. This way of life is not sustainable, especially for our environment which these dragons continue to plunder, and eventually we will need to actually hold our overlords accountable for letting it get this far.
If we donât, they will continue to steal every penny in our pocket and bleed us dry until the next disposable drone can fill our place. If law enforcement wonât take this on, sooner or later we might have toâŚ
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Remember, pimps donât cry...
#The Other guys#will ferrell#mark wahlberg#adam mckay#comedy#satire#cops#police#blm#black lives matter#rage against the machine#punk rock#movie#film#2008 recession#covid#income inequality#bailout#eat the rich#populism#social justice#socialism#Steve coogan#Jeff Bezos#warren buffett#billions#the rich#the poor#wealth inequality#The rock
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Future Ada: Tech Organizing Through an Intersectional Lens
Ada Lovelace's work on the first analytical engine helped lay the path for our modern world and continues to serve as an inspiration to people worldwide, including Electronic Frontier Alliance member Future Ada.
Based in Spokane, WA, Future Ada was founded in 2017 to advance opportunities and support for underrepresented genders in science, technology, engineering, art, and mathematics. That same year, Forbes noted that closing the gender gap could increase U.S. Gross Domestic Product by two trillion dollars, yet work environments in many of these fields are so hostile to women that over fifty-percent will leave the sector as a result.
"Just because you're not a master at your skill or you don't have something published in your name, doesn't mean you can't bring something to your field."
Since their launch, Future Ada has grown into the understanding that establishing a genuinely representative sector requires an intersectional approach, and that creating inclusive spaces, where individuals from all diverse backgrounds want to be, is key to that mission. In the days leading up to our recent collaboration on panels at this year's HOPE and DEF CON conferences, I spoke with Rebecca Long and Emilie St-Pierreârespectively Future Ada's founder and Security Ambassadorâto find out what they've learned since the groupâs founding, and how they have adapted to the needs of their community and this unprecedented moment.
How did the idea for Future Ada come about? What inspired it and what were some of the first steps you took toward making it a real thing?
Rebecca: In 2017, I was really struggling with my career. As a woman in tech, I was dealing with some discrimination and sexism in my own career, and I wasn't feeling supported by the leadership in my company. Honestly, I was feeling like I should quit all of tech. I felt like, ânobody wants me here, I don't feel welcome, and the messages that I'm getting are that I am not good enough to be hereâand no one wants to help me improve to meet whatever mysterious gap that no one will disclose, then maybe I should just go do something else.â Thankfully, I ended up going to a conference called Write/Speak/Code that happened to be nearby in Portland that year. I went with another woman on my team who's a developer. At this woman- and non-binary-specific tech conference, they had everyone divide up into two groups. One was for the people who were newer in their careers, and one who was for people who were further along. I ended up in that [second] group.
Throughout the week, we had to come up with projects and talk about them. At first, I didnât know what to do. Then I got a text message from an old bossâalso a womanâand she was expressing the same feelings. Thatâs when I got mad. I felt like, âmaybe I don't belong here, but I'm sorry, I know for a fact that you belong here because you're awesome.â I thought, what kind of nonsense is this that we're both feeling like we're being driven out of tech? I have a ton of experienceâover a decade of experience at that pointâand she had even more than me. I felt, âwe're well trained and we have every right to be here.â So, I channeled that into this project at the conference. I decided I was going to create a nonprofit.
I was already running a user group called Spokane Geek Girls and active in the community. I had already been feeling like there was more I wanted to do to help people that were coming to me for mentoring, and help, and feeling similar to me. I had this idea of a nonprofit that would be what Iâd need. But, I also felt like âno, I don't know how to do that. I have no idea how to start a non-profit or run an organization. That's just a ridiculous idea.â But it was at this conference I decided, nope, that's not a ridiculous idea. This is really important and I'm going to find out how to do it. So, I bothered all of the organizers of this conference to tell me everything they knew. How do I do this?
I made some friends and they helped me develop our original mission statement and our name. They were all wonderful soundboards for me. There hadnât been anything like this in Spokane. I just tried to channel all of my anger at the industry for lack of support and all that I'd been experiencing. I thought âwe need to do better. We need to channel that into positive energy, and I want to help other people.â It helps me to help other people and I know other people are in similar states. Maybe they don't feel comfortable speaking up, or maybe they just haven't woken up to what's going on around them. Maybe they don't understand why they're never getting that promotion or why they're not getting these career opportunities.
It sounds like maybe that conference was an awakening moment for you in the way that you and other women were experiencing Imposter Syndrome. Are there any tools or strategies that you've been able to use that help women identify that that's what they're feeling and overcome that?
Rebecca: Every speakerâand these are folks who are accomplished, wrote books, high-level managementâand they're like âI also feel this way.â And it was just like, âwhat!?â That's incredible. At some level, I'd always known that. But I think hearing it, and hearing it again, and hearing everyone share their stories, that was most powerful for me. Because you feel that you arenât good enough right now, that doesn't mean that you actually aren't good enough. It's a facade that society or various things are trying to tell you and convince you of.
Hearing other people, who are very successful, talk about that kind of stuff, and share their stories and how they work through itâeven if it's âI just powered through,â thatâs been really helpful for me.
I try and speak about this stuff and be open with my own experiences with people, and help others know that it's okay if you are also feeling this way. That doesn't mean that you have to stop. That doesn't mean that you don't belong here. It doesn't mean that you don't deserve a promotion or that nice salary or whatever your dream job is. You can still make an impact.
In the last few years, Iâve been picking up the storytelling mantra as a tool. I want to highlight other people's stories and give people a platform, so they feel safe to talk to me about their story and I can share, with them, my story.
One of the other things that, thankfully, Emilie was able to bring was an emphasis on security. Security has always been a passion of mine but it's always been on the side, because it's not really my main job. So, I've been really happy Emilie's been able to help bring some of that to our organization with our open office hours and with our security workshops. To really make these things approachable for the whole community. We want everyone to feel like technology and all of these things are safe, and you can do it. You don't have to be some math genius to do any of this stuff.
Emilie, have you had any experiences with Imposter Syndrome or starting to buy into folks devaluing your work or your contribution?
Emilie: Yeah, fully. To this day it comes and goes. I have to say, sometimes itâll come back in moments where I'm going through something hard at work. But I definitely had Imposter Syndrome when I was new to the security industry. I'd hang out at conferences like DEF CON when I was still new. I was learning a lot, but even though I had some skills, I constantly compared myself to the security researchers that had found vulnerabilities. These people that were presenting at these conferences, I was like âwell, I don't have something like that to bring to the tableâ so I just figured I wouldn't belong. But just because you're not a master at your skill or you don't have something published in your name, doesn't mean you can't bring something to your field. I think it took me a while to realize that. Later on, training people that were new to the field helped me realize that. âOh, I can easily tell this person what they can bring to the field so why is it harder to say that to myself?â I've gotten better with that over time, but it's very relatable.
The name Future Ada, I imagine it's an ode to Ada Lovelace, but can you talk a little bit about how you arrived at that name?
Rebecca: Yeah, it is totally in honor of Ada Lovelace. I find her very inspiring. Our whole computer industry is thanks to her. We have a tendencyâover historyâto erase certain people from their contributions. She was one of them. Having her as part of our name, I get to talk about her. I can say, âhey did you know that computer science, the whole reason we have technology, is thanks to a woman? Did you know that?â That's been really awesome.
I want our organization to help create future Ada Lovelaces. Ada Lovelaces of today, of tomorrow, of the next day. Our next generation. Where we're inspiring folks to go out there and break those molds. Because she definitely broke molds back in her day. That's what we need to be doing. That's how you get really awesome things and you can change the world. That's what we were going for when I came up with the name.
How did you find Future Ada, Emilie?
Emilie: Thanks to the Diana Initiative, which is a small conference that tags alongside others during hacker summer camp. So, DEF CON, Blackhat, and B-Sides Las Vegas. I had just moved to Spokane, and I had already been doing these workshops over in Las Vegas about security and privacy, and had been hosting crypto parties, and I wanted that to continue in Spokane. But, Spokane is different. There wasn't a hackerspace that was open weekly. So, I just focused on seeing what I could do with other folks. When I saw that Rebecca was speaking at the Diana Initiative and it said she was from Spokane, I was so excited. I went to see her talk, and then after the talk let her know I was also from Spokane and that Iâd love to do something together. I told her that Iâd been doing these workshops and was looking to bring them. She was super receptive and very welcoming. Since then weâve been doing these workshops. Learning as we go along. Now we get to offer them online, which is really cool. So, yeah, it's been fun to see our partnership grow and where we took it from there.
What are some of the biggest challenges that you faced creating the group and finding the right people?
Rebecca: Maybe I shouldn't have been surprised, but I was surprised that I had people coming to me. I was trying to keep it kind of on the D.L. that I was doing this until I had it really formulated, but word started getting out, and people were saying âI want in on this,â âI want to be on your board,â âlet me help you.â That was really inspiring.
Challenges? I'm not a marketing person, that's not my specialty. We don't really have anyone on our board that's a marketing expert. So we learned a lot on that end. I feel like we're learning a lot by doing things wrong. Not wrong, but not very effectively. We think âthis will work greatâ. And it works, sort of, but we want to have a bigger reach. Learning more marketing will help us on that front but that takes time. It is a challenge.
We want to be really careful with what we do. We want to make sure that when we expand our board, that we're bringing in the right people. That weâre really mindful about that. Weâre also aware of our 100% white board. As we work to expand our board, and organization leadership, we are being mindful to diversify ourselves and bring in better racial perspectives. We are working as an organization to learn how to grow and best speak on the topic of race and injustice. It's a process and it's important so we aren't shying away from it.
Are there any other challenges that you didn't anticipate?
Emilie: Creating the workshops and letting people know that we are available to help them. We spend time creating these workshops. We spend the time to get volunteers to come to workshops and be there to help folks. I thought our biggest challenge would have been managing the demand, because we literally offer free tech supportâand privacy and security supportâbut it's actually been very easy to do that. We have open hours for folks that we want to help, but we're obviously not reaching as far as we can. For me, marketing is like an alien planet. My background is really privacy and security. I think that's the challenge I've never faced before. And definitely the hardest one from my end.
Rebecca: We've had some really successful programs. We ran March for Science last year in Spokane. It was great. It was kind of a last minute thing. We came in to help as the new parent organization, and it was super successful. We had a huge turnout but that was one event. A one-day thing. And, then we've had other one-day events that have been really successful. But then our recurring workshops arenât even an hour and we have low turnout. We haven't unlocked that piece yet.
Since moving online because of the pandemic, we've seen higher participation in our workshops, and I feel like we're going to have higher participation across the board. So, we're working to transition everything. Next year when we restart some of our year-long programs, they'll be online or a majority online. Maybe part of our problem is that Spokane is a little different and folks have different priorities, but attending something from home, where they don't have to worry about travel or parking, I think that kind of helps avoid it and it's less of a dent in their day. I'm really hopeful that this actually can be a really positive thing for our organization. and that it also expands our reach outside of Spokane. Anyone can participate. Which is really cool because it helps broaden our reach.
Are there any other partnerships in your area that youâve found to be effective partnerships?
Rebecca: Emilieâs been working with Volunteers of America.
Emilie: Yes. With Crosswalk. We teach teenagers about privacy and security. Online privacy and security. We've even done some introductory cryptography stuff. I'm very big on making sure that it's something fun. Itâs a puzzle. We actually use some of EFFâs crypto tools for that. At the end of the workshop I told our participants âdid you know that crypto is math and you just did math?â They thought it was really fun and really cool. For kids that are maybe told that they're not good at math, or are uncomfortable with the idea of math, after that they realize that there's all sorts of ways to look at math. That's a big partnership for us.
Rebecca: There's another nonprofit in Spokane, that is more of a general tech nonprofit called Inland Northwest Technologists (INT). Our original Vice President came from that organization. He had brought to Spokane, with INT, this event called Code in the Dark. The last two times that event has been held in Spokane, it's been a partnership between that organization and ours. We bring in more of a diversity, and really work to help and make sure itâs an inclusive space. The first few years they ran it, it was nearly all men that were participating. Only men were in the top three winners. October of last year, the last time we held it, was the first time we had a woman win the competition. It was amazing.
We have been trying to work with the YWCA in Spokane, to help bring some of these security principles and privacy principles to their domestic violence survivors. Emily and I are very passionate about that and we want to be supporting this group of our community. We know the YWCA has been very busy. Just in general. So getting the momentum to really get that partnership off the ground has been a little slow. We're still hopeful. We're not going to give up on it anytime soon.
Emilie: We are already available for service for survivors. When we have our open office hours on Saturdays we are ready to accept survivors. We have a clinical approach to detect compromise. So, we can accept anyone that is in that situation and help them navigate their technology or help them navigate compromises or any kind of stalkerware, spyware. We are ready to do that already.
I think switching to online has been wonderful for certain aspects of what we offer. The workshops are available to a larger population, and more accessible in some ways. My only concern is office hours. We would typically do them downtown at the Spokane Library. This also gave us the opportunity to help homeless folks. We had a few people come in that don't have a computer at home. Don't have a home. How do you make sure that you're helping that population? So thatâs something that, when things start to open up, we'll definitely want to make sure that we're not overlooking certain segments of the population that we might be able to help. We said we're going to focus on being very online but not 100% online, because we don't want to miss those folks that we might be able to better serve that way.
No two communities are exactly the same. Thatâs one of the reasons itâs so critical to have groups like Future Ada that are rooted in and can adapt to the needs of their city or town. What are you finding are the core needs of your community? Is it different from what your original expectations were?
Rebecca: My original intention was really limited. The organization was focused on gender diversity. I thought we would just focus in on that. What I've found is you can't really solve that problem without taking an intersectional approach. If you care about women in tech, then great, you're gonna need to have an inclusive environment. Hey, you know what? That also helps all these other people. So, really, focusing on shifting our mindset to be inclusive and approachable really helps everybody. That's been kind of a shift for me that I guess I was a little surprised with, but I'm really happy that we've made this turn. I'm also learning how many people in our community could use more basic support. Not necessarily learning how to program, but âhow do I fix this on my browser?â Really turning folks from being afraid of technology to helping them feel that they can do this. That's been a little surprising to me, but I'm really happy that that's something that we can help with. Wherever the community is, that's where we want to be to help lift everybody up.
What is Future Adaâs decision-making process like? What are the voices that are involved? How do you work together to come to a shared path?
Rebecca: We have different committees. Anything security or privacy related, Emilie is in charge of that. So, anything she says we're probably just gonna back it. We have our career mentoring committee. One of our other board members is responsible for that. Itâs the same thing, whoever is responsible for a committee we've entrusted them with leading that and reporting back anything that seems more pivotal or in need of a larger decision. But, generally speaking we meet once a month as a board, and we discuss things on a regular basis. I think we're all pretty much in alignment. We're also still a really small group, board wise, and our committees are still pretty small. Once we get bigger we're gonna need a more formal process, but at the moment we're all pretty well in sync, I think. Emilie, what do you think?
Emilie: I was smiling when nash asked that question, because I was like âhow do we come to decisions?â Well, first we share all of our cats and cat videos during our meeting. And once we've done that, then we start really having these discussions. But what I like is that everyone is very very receptive and generally considers everyone's point of view and opinion really well. It's been a really nice dynamic, and I think it has a lot to do with, you know, starting the meeting off with cat memes and showing off our real cats, if we can. It makes a big difference.
Future Adaâs work to lift up and support Spokane women in STEAM has extended far beyond their local area, while still being focused on the needs of their own community. As members of the Electronic Frontier Alliance they have been instrumental in contributing to the development of related work for allied groups throughout the U.S.
If you are a member of a community or student-led group in your area working to protect digital security, free expression, privacy, creativity and access to knowledge, consider joining the Electronic Frontier Alliance.
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The Vibrations of Money, Wealth, and Success
I was listening to my favorite marketing podcast recently, and the young man being interviewed was talking about money and how we respond to it on an emotional level, along with how our attitudes toward it help or hurt our desire to be successful, provide for our family, and climb the proverbial ladder.
During the interview, this young man said the following:Â âMoney does not come from effort.â
I enjoyed the conversation overall, but I disagree with this statement. I think itâs false and even a little offensive.
In this article:
Our Mixed Feelings About Money
Believing in Abundance
The Value of Work
What Do You Really Believe About Money?
Money as Energy
Shifting Your Financial Energy
Change Your Thoughts, Change Your Life
  I believe many of us are our own worst enemies, when it comes to the âhead gameâ around success, money, and wealth.
Our Mixed Feelings About Money
We have a complicated, love-hate relationship with money, donât we? I believe many of us are our own worst enemies when it comes to the âhead gameâ around success, money, and wealth.
Money has energetic frequencies. If youâre willing to let this conversation get pretty honest, maybe a little bit raw, letâs talk about what your own personal energetics are around this subject.
If you were raised Christian, you might have been taught Biblical sayings such as love of money is the root of all evil or it is easier for a camel to go through the eye of a needle than for a rich man to get into heaven. If you then saw your parents spend many hours, almost every day, trying to get more money, the whole situation was probably pretty confusing.
The Christian religion I was raised in has given rise to far more than its fair share of millionaires and educated, successful, even wealthy people. Both of my parents and most of my 7 siblings have advanced degrees, and itâs no secret that the #1 reason people obtain post-graduate degrees is to increase earning power; all of my siblings are very successful financially.
The contradictions arenât limited to religious folks; most people, regardless of background, make frequent negative statements about the pursuit of money and people who have lots of itâall while spending most of their waking hours doing everything they can to make more of it themselves.
So it seems worthwhile to explore the âvibrationâ of moneyâbecause, like everything else, money is simply energy (or vibration). The best energies are ones that flow without resistance. The energetic space you hold for thinking about, talking about, and pursuing money should ideally, then, be a flow state.
âThere is plenty of money, it is abundant, there is enough for everyone, it flows like a river, itâs easy to earn, itâs easy to spend, itâs easy to give and share, and itâs easy to invest it well.â
Believing in Abundance
Consider this outlook:
There is plenty of money. It is abundant. There is enough for everyone. It flows like a river. Itâs easy to earn. Itâs easy to spend. Itâs easy to give and share. Itâs easy to invest well.
Read those words over and over again, and notice how you feel when you do.
Did any part cause your mind to trip? Did you feel any resistance?
What did it feel like â Shame? Anger? Self-pity?
Where in your body did you feel resistance to the idea that money is free-flowing and abundant?
I hope youâll spend a minute thinking about any part of that statement that you found yourself pushing against, instead of flowing with. Because all of those things are true. Money is a manmade concept. Human beings create the physical tender itself.
As you know, most âmoneyâ is flowing via digital transfer these days anyway. The value of Bitcoin went from $327 in November 2015 to $19,650 two years later, then back down to $3,183 today. Cybercurrencies are literally creating money. Itâs nothing more or less than energy, and if this is true, then itâs worth exploring what your own energy blockages may be.
The Value of Work
When the speaker on that podcast said, âMoney does not come from effort,â I think he meant to challenge our parentsâ and grandparentsâ advice: âIf you want to succeed, work hard.â
However, of all the twisty and conflicted beliefs we may have around money, I think that message is one we should keep.
Stonehenge, Machu Picchu, the Colossusâall the great feats of humankind have involved massive effort. Sometimes unthinkable, thousands-of-hours, if-theyâd-known-how-much-work-it-was-I-wonder-if-they-would-they-have-done-it work. Hardcore labor.
I think the young speaker dismissing the idea that money and success flow from hard work may have had a valid point underneath his words. Thereâs such a thing as working smarter, not harder. If youâre a business owner, you must learn to delegate, leverage systems, and get the most from your team in order to not kill yourself in building a business.
But letâs not throw the baby out with the bath water! Iâve never achieved anything without a massive amount of work. I love the idea that work creates wealth. Weâve all seen that in action.
I also think that working hard for something that matters creates quality, principled humans. Are we really able to value the things we achieve if we donât work hard to achieve them? Thatâs exactly what Iâve done every time Iâve âbirthed a baby,â whether it was a new book, a new business, or a new product line.
If the âgreen-eyed monsterâ of jealousy invades our consciousness relative to material wealth, then we may need to accept that we value money more than most of us are willing to admit to.
What Do You Really Believe About Money?
Have you ever felt critical towards or said harsh words about someone who achieved great financial success? Perhaps you went to high school with them or were at the same financial status once, and now theyâve outpaced you.
Have you noticed that you donât go after big financial or professional goals because you fear your family and friends will criticize you or see you differently if you out-earn them?
Are you known to say self-sabotaging things about material success? Examples include statements like, âMoney doesnât buy happiness anyway,â or, âI didnât really want to succeed at X anyway because it would be too stressful.â
Do you really believe that a rich man canât get into heaven?
Do you believe that the wealthy are innately more sinful, or less good and kind, than others?
Whatever your feelings about money may be, they can be changed to flow with more peace and abundance. All it requires is a little intention and practice.
Money as Energy
When I was 24, I set some ambitious financial goals for myself and planned to achieve them by the time I was 42. When I finally got there (at 48 instead of 42 â just a little behind schedule!), I understood that the idea of âfinancial freedomâ I originally set out to achieve is elusive, if not entirely a myth.
Most people who achieve 7-figure net worth will tell you that in the acquisition of their wealth, theyâve become acutely aware of how quickly it can disappear. This can lead to the sense that the original goal, âfinancial freedom,â or âfinancial stability,â may be impossible.
The more they work and acquire, and the older they get, the more they become aware of thousands of years of human history where the rich became poor, assets crumble overnight, and entire national economies fluctuateâeven created or destroyed in just days or months. (We all watched the stock market tumble in 2007.)
Many of the most wealthy among us report having more anxiety around money when theyâre worth $5 million than they did when they were young and working near the poverty line.
This may be due to becoming clear about how illusory and transitory money is.
If wealth is just digital transmission of energies, and itâs just a concept that weâve all agreed to, why do we use it as a barometer around which we feel pride, shame, fear, guilt, and almost endless anxiety?
If money is in constant flow, and if we can either be in or out of that flowing river depending on the energies we choose, arenât we all better off choosing to be more abundant?
Now that Iâve gotten entirely philosophical about the green stuff, you may be thinking, âNo, Robyn. Money isnât energy. Money is a cold, hard fact of life that I need in order to have food and a place to live.â
Fair enough. But there are billions of dollars, mostly in the form of little digital data bits flowing across wires buried in the ground, that we can create more of. There is no actual scarcity.
Money flows to those who work, who do so diligently, who finish their projects rather than just dream about them, who put their time and effort into âhighest and bestâ uses.
Plenty of people work very hard, harder than wealthy people do, and never earn any significant amount of money. Many people expend a tremendous amount of effort on a variety of things, while avoiding putting their labor into activities that will actually lead to material success due to their fear or aversion around money.
So, because thereâs more to becoming wealthy, or financially successful, than what your parents may have told you (âWork hard!â), we must examine another aspect of whether you could be more successful than you are.
Shifting Your Financial Energy
You can absolutely have more money and wealth than you have now.
Because money is energy, and because spending it creates lots of ripples and flow in the larger energetic system known as âthe economy,â you can create money and wealth, without taking it from someone else who needs it!
The idea that âeffort does not create wealthâ is disrespectful to over 90% of the human beings on the Earth for whom physical labor pays for their food and shelter and their childrenâs needs. We have most of what is available to us due to someoneâs physical effort, so I donât think it serves to devalue that.
But in addition to acknowledging the value of effort, shifting your energies and thought patterns towards money has the power to completely change your financial status when added to hard work and being a âfinisherâ of your projects. What if you challenged these commonly-held beliefs:
that money is something to fear
that entrepreneurs and people who work more than 40 hours a week are âworkaholicsâ and therefore pathological and need to change
that you arenât capable of obtaining enough money
that people who obtain money and spend it easily are somehow bad or obsessive or misguided
that you shouldnât bother to try to earn more money because youâll just lose it somehow
that if you become financially successful, your friends and family will turn on you
that because money canât buy happiness, then staying where you are is actually better
that only shallow people care about money
that because people who are âsatisfiedâ with their financial state are the happiest, you should decide to be satisfied with your financial struggle rather than pursue success
Change Your Thoughts, Change Your Life
I hope youâll try a little experiment: when you have a negative thought about money (whether the thought is judgmental, jealous, or fearful, consciously replace it with a positive statement.
When you see someone whoâs obviously had financial success and think to yourself, âI bet that guy has stepped on a lot of people to get where he is,â make an internal shift to something like this: âIâm learning to get in the stream of flowing money and to both give and receive it willingly.â
Instead of settling for, âThat car sheâs driving is fancy, but I donât need a flashy car to feel good about myself,â tell yourself, âI view others with money positively because I want those positives to flow into my life as well.â
Change, âHeâs got a really nice house, but I wouldnât want a mortgage payment that big,â to, âI donât need to make a judgment about expensive things or the people who own them, because it doesnât serve me.â
Go from, âIâm sure Iâll lose this business/house/car eventually,â to, âMy energies around money help more of it flow to me and the people and causes I care about.â
If you find yourself saying, âMoney canât buy happiness,â replace that thought with, âI want more wealth, and Iâm not afraid to say it.â
Stop judging those who work hard as somehow broken or inferior and start seeing money as the ability to use your time the way you want to.
The words, thoughts, and emotions we have about success, money, and wealth directly affect whether we are in the stream of wealth and abundance or straining to get a drop from a turned-off faucet that drips now and then. Money flows to those who work, who do so diligently, who finish their projects rather than just dream about them, and who put their time and effort into âhighest and bestâ uses.
Read next: 14 Ways I Optimize My Health and Energy Every Day
 Robyn Openshaw, MSW, is the bestselling author of The Green Smoothies Diet, 12 Steps to Whole Foods, and 2017âs #1 Amazon Bestseller and USA Today Bestseller, Vibe. Learn more about how to make the journey painless, from the nutrient-scarce Standard American Diet, to a whole-foods diet, in her free video masterclass 12 Steps to Whole Foods.
 Editorâs note: This article was originally published on December 7, 2017; it has been updated for accuracy and relevance.
Disclaimer: This article may contain affiliate links, which allows you to support our mission without costing you extra.Â
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My Quest for the Perfect Gym
I canât imagine life without exercise. I started to become seriously interested in taking care of my body by exercising and eating healthy about five years ago. Itâs in my blood. Both of my parents have continued to stick to rigorous workout routines and healthy diets since they were teenagers in the 1980âs, so that has inspired me to do the same. My father is 57 years old and still runs five miles 2-3 times a week as well as lifting weights and going to yoga twice a week. My mother teaches fitness classes and does small group personal training as well as crossfit and high intensity interval training on a regular basis. My parents have never forced me to exercise or diet but they encouraged me in a healthy and positive way. The fact that they are both in their 50s and in much better shape than probably 99% of college students in America is amazing to me. To be able to continue to take care of your body for 40 plus years straight is something many people do not have the discipline to do. Do you? I believe this discipline carries over into other aspects of life such as career and personal life.Â
The first time I had to really test my discipline is when I tore my ACL in high school. In order to still be able to participate in sports, I had to get surgery and do a LOT of physical therapy. Even though I was disappointed to be injured, I enjoyed seeing the progress I was making during the physical therapy. I was running, jumping and lifting weights and it definitely boosted my confidence. When I was cleared to play sports again, I noticed I was able to throw harder in baseball and hit harder in football.
Exercise is also important because, contrary to popular belief, it can actually increase energy levels. It can also improve skin and bone health as well as help with relaxation at night and falling asleep faster. As a teenager with ADD who had a hard time falling asleep at night, it was appealing to know that if I worked hard to burn calories during the day, than I would have a much easier time falling asleep at night. Not to mention the release of endorphins that gave you that exercise high.
So itâs no secret that I love to workout. Itâs a priority for me. If I donât workout I can get pretty grumpy. Since my schedule is very busy, I need my workout place and routine to be efficient. Finding the right place to workout is very important to me. If I only have an hour to spend at the gym, I donât want to be disappointed. Thus my quest for the best gym.
For someone my age, I have been to many different gyms. I have been to Lifetime Fitness in Houston, Texas which is the largest gym I have ever seen. I have also been to a gym in Winter Park, Florida that was half outdoors and half indoors. I have been to gyms at different colleges and different gyms in Massachusetts and in Maine. Through all my gym hopping, the one I frequent the most is Yangâs Gym in Andover, Massachusetts where my mother works as a fitness instructor. Itâs that friendly neighborhood gym, where everybody knows your name - kind of like the neighborhood pub, but healthier.
I definitely prefer small, privately owned gyms such as Yangâs over big gyms such as Planet Fitness. In fact, in my opinion, Planet Fitness is by far the worst gym chain in the world. There, I said it. Iâm not judging anyone who goes there, but come on now, their commercial slogan is âWeâre not a gym, weâre Planet Fitness.â But at the end of the day, they are a gym, and not even a good one. They earn a large chunk of their profits from people who join because of the cheap monthly payment but rarely ever actually go to the gym. I once went to a Planet Fitness to join for a month, which they advertise is only 10 dollars. But this is simply not true. I was told I had to pay a 200 dollar âinitiation feeâ and that the first month was 20 dollars. They donât even have barbells, benches or squat racks. Itâs basically a cardio factory. If you want to walk on a treadmill for an hour, itâs the perfect gym for you. No personal attention, no heavy weights, no fitness classes. Not my kind of place.
Another negative experience I had at a chain gym was when I went to Goldâs Gym, which is known for having members who take their training very seriously (the opposite of Planet Fitness). I was anxious to try it out for a day and hoped I would find a perfect fit. Â Most private gyms allow you to have a one day free pass or even a one week free pass to go there, try it out and then decide if you want to join or not. The manager at Goldâs told me, âWe donât just allow people to walk in and workout for freeâ, like that was a foreign concept to him. He was pressuring me like a used-car salesman. Needless to say I was very disappointed. Â
My experiences at smaller, private gyms have been much more pleasant. In addition to Yangâs, Iâve enjoyed working out at Cedardale Fitness Center which is also in Andover. It was not expensive to join and they did not pressure me into to joining immediately. They allowed me to workout for a week completely free before I decided whether I wanted to join there long term. They also let college students put their memberships on hold while they are away at school. Now thatâs the kind of customer service Iâm talking about.
Yangâs Fitness Center is equally as accommodating, but they take it even a step further as the owners are on site 99% of the time. If you have any questions or concerns, they are being addressed immediately. Itâs not like you have to wait for an answer from âcorporateâ. (Ahem, Boston Sports Clubs). And speaking of waiting, you donât have to wait to get on a piece of equipment or sign up a week early to get a spot in spin class. The equipment is good, the price is right, but the people make the place. Yangâs has some of the best personal trainers and fitness staff around. They genuinely care and they notice when you havenât been there for a while. I recently sat down with owner Diana Kiesel to do a little Q&A. Â
Hi Diana-
1. How long have you been in the fitness industry? Â For 30 years if you count martial arts as a part of "fitness" but if not, we've owned the gym for 13 years.
2. What's the biggest change(s) you have seen over the years? Low cost competitors (box gyms  that charge a very low monthly fee like Planet Fitness, Workout World, Choice Fitness, etc.) have devalued fitness memberships so the single owner facilities (aka mom and pop gyms) are finding it hard to compete.  Prospects who are new to fitness are unable to differentiate between low cost competitors who do not provide services (training, classes, etc) from those that do but the ones that do are slightly more expensive so have lost market share to the low cost clubs.  Then the other extreme are the big corporate gyms (like Equinox and Lifetime) that are very expensive (upwards of $100 - $150/mo) which have swallowed many single operator facilities.  Third change are the boutique clubs (those that only offer one specialty service like Spinning, Barre, Cross Fit) which have also taken market share from the single owner operator gyms.
3. What have you done to stay competitive and what sets your gym apart from the competition? Â Service ... by providing personal services and classes to members. Â Personal Training, Small Group Training, Team Training and workshops.
4. What are some of the advantages of belonging to a gym where the owners are present? Â Â I learned a long time ago that no one else cares for your business as much as you do so when the owner(s) are present, their philosophy and culture they want their business to reflect trickles down to the staff. Â They role model after what they see the owners are willing to do to service customers. Â
5. How do you attract new members? Â Mostly through referrals/word of mouth and social media (facebook and most recently instagram). Â Newspaper advertising is no longer the best use of advertising dollars.
6. How do you retain people and keep them coming back? Â By providing outstanding customer service and demonstrating to the members that they are not just a number, their health and well being are important to us.
7. What type of advertising do you do? Â On occasion newspaper, magazine and direct mail but mostly social media (facebook boosts) and like-kind (donations).
8. What do you think are your members biggest motivators? Â Our staff ... they notice when a member has gone missing and reach out. Â By demonstrating that we notice they aren't coming keeps them accountable. Â
9. Can you share a few sentences from a couple of success stories about your members and how Yangâs Fitness Center played a part in their journey? Â We have a 58 year old member who has undergone several cancer treatments and has told us if it weren't for the personal training she had received in the years leading up to and during her treatments, her recovery would not have been as quick and her treatments would not have been as aggressive to treat her two cancer occurances.
A retired public school principal joined our gym a few months after her retirement having never been a "regular" gym member her entire life and admittedly didn't really enjoy organized exercise and primarily joined to find a social circle. Â She thanks us almost every time she comes in now for her love of fitness and her new social circle. She comes 4-5 times a week and is our group exercise class ambassador now. Â Always there to welcome and encourage new members.
A 69 year old man currently going through his 3rd cancer diagnosis comes every day to cycle on his own just to stay strong during his current treatment and to find some distractions to occupy his mind. Â He feels welcomed and not judged based on the limited amount of exercise he may or may not be able to perform each day based on how he feels. Â To have your members feel welcomed regardless of how much or little they can do that's "fitness" is special since most people have a fear that going to a gym means you'll leave beat up and limping.
10. Â Do you feel like your gym focuses on the whole person - both their mental and physical health? Â If so, how? Â Definitely, we offer a variety of mind-body programs, Yoga being one, where the teachings in a class are not focused just on the participant's physical ability or condition. Additionally, we offer Tai Chi, Qigong (Chi Kung) and meditative classes and workshops on an ongoing basis. Â Those who participate in training are more exposed to mental aspects of their well being that those who perform workouts on their own but we attempt to reach out (via email, phone or in person) whenever we can and especially if we witness or hear of any personal struggles.
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UK Gas Crisis: Out Of The Frying Pan Into The Fire
New Post has been published on http://foursprout.com/wealth/uk-gas-crisis-out-of-the-frying-pan-into-the-fire/
UK Gas Crisis: Out Of The Frying Pan Into The Fire
Authored by Kent Moors via OilPrice.com,
For the ministers and officials assembled, it was an embarrassment all around.
Late last week, as we were at the annual Windsor Energy Consultation (WEC) just outside London, British Gas Plc confirmed that the nation was facing a natural gas shortage as freezing temperatures grip the country.
You see, blizzards, strong winds, drifting snow, and bitter cold recently brought Britain to a standstill as the weather system nicknamed the âBeast from the Eastâ combined with winter storm âEmmaâ to create some of the most testing weather the U.K. has had to face in years.
Now, I can attest first hand that this cold snap was not something to take lightly.
As a regular attendee of the Windsor Energy Consultation over the past decade, a visit that includes spending three days each year at the royal residence, I know that Windsor Castle can be drafty in any weather.
But this time around, it was positively frigid.
âFrostyâ Windsor Castle grounds (St. Georgeâs Chapel on the left), March 2, 2018; photo: Bill Arnold
And nationwide, this âbig freezeâ has brought to light a very serious problem.
And itâs one that is only getting worseâŚ
Bitter Cold Adds (Further) Fuel to the Flames
The unfolding gas crisis has brought about a renewed immediacy to a major political issue that has been percolating in the U.K. for some time now.
You see, for the third year in a row, a portion of my two briefings (one to the plenary meeting; one to the ambassadors), was devoted to the growing global need for a new âenergy balance.â
Simply put, that balance involves two related advances.
The first is an expansion in the number of reliable (and distinct) energy sources. The second addresses the extent to which these sources provide a genuine interchangeable network of availability from such sources.
The rise of renewable sources (solar, wind, biofuel, even geothermal) has been the most visible manifestation of the developing balance. But the crucial element to remember is the balance nature of it all.
As we have noted in the past, this is not an exercise in finding a âsilver bulletâ to wean the market from a dependence on any particular energy source.
All energy sources are required. Itâs the integration of these sources that translates into the most efficient, cost-effective, and best solution for both producers and consumers.
Now, among the assembled officials and sector dignitaries at this yearâs Windsor meeting, there was a widespread agreement that a global âenergy balanceâ is necessary.
But you wouldnât know it looking at the situation developing currently.
In fact, despite that agreement, the current gas crisis emerging in the U.K. actually results from a shocking referendum decision back in 2016âŚ
Planning Limbo
Delays in moving on still contentious (and well over budget) nuclear power plants combined with ongoing pipeline problems from the North Sea offshore fields has left any âenergy balanceâ forward planning very much in limbo.
Yes, the increase in wind power in the U.K. has occurred more rapidly than expected, but it still lags behind the rise in demand.
The majority of demand in the U.K. is still covered by natural gas â both from the North Sea, which is becoming increasingly questionable when it comes to extractable volume, and expanded liquefied natural gas (LNG) imports.
Unfortunately, the nationâs supply issues have been complicated by one event that has overshadowed everything else for more than a year and a half.
Iâm talking about âBrexit,â the British decision to leave the European Union.
And the supply issue that followed this landmark decision is creating a major problem for British energy consumers.
But after a sidebar conversation with a British Gas executive at Windsor, the reasoning behind my original argument has become even more compellingâŚ
Why Brexit is Hiking U.K. Power Prices â and the Worst is Yet to Come
As I explained back in July 2016, history tells us that the winter of 1946-1947 was one of the worst experienced by the U.K. in a century â and the coldest in three.
Coming so soon after the end of World War II, an already crippled economy felt the full impact of freezing weather that killed both livestock and crops, while jamming roads and railways with snow.
It got so bad that at one point, Winston Churchill observed that he couldnât even get his favorite cigars.
But the main concern was the provision of electricity. Not a single power-generating station in all of England had escaped wartime destruction, and a return to ânormalcyâ in the power sector was still years away.
So during the cold winter of 1946-1947, the entire British population had to hunker down.
Now, the current situation is hardly as dire.
But ever since the U.K. voted to separate from the EU on June 23, Iâve been waiting for the initial signals that this divorce will have consequences in the energy sector.
Now we have one, with dire consequences for British consumersâŚ
Brits Should Expect (Much) Higher Power Prices
The signal shows a coming double whammy for British natural gas users, as a result of the post-Brexit decline of the British pound sterling to more than thirty-year lows against the dollar.
This decline has prompted two energy moves in very different directions. Unfortunately, neither is good for anyone living in the U.K. as temperatures declineâŚ
First, the descent of the pound sterling has prompted U.K. retail natural gas distributors to forego discounts moving forward. This is, of course, based on the same reasoning that will certainly result in another round of appreciable electricity price hikes by the major national utilities.
Maintaining profit margins will be impossible at current levels, given the forex pressure on the bottom line. Most observers also believe that increased taxes are now inevitable, as the unexpected currency (effective) devaluation has made revenue an important factor.
Fact is, even before Brexit, this was placing additional pressure on an already strained power sector.
But in a post-Brexit world, this is leading to some serious difficulties, both for end users and domestic power distributors, with problems â some Brexit-related, some not â hitting all British energy sourcesâŚ
The U.K. Cut its Winter Gas Reserves â Just in Time for the âBig Freezeâ
Chief among those concerns are the profitability of North Sea production, and a decimation of renewable alternatives (for example, over a third of all jobs in U.K. solar have vanished).
The British end user, however, is going to feel the pinch in an additional wayâŚ
You see, in June 2017, utility giant Centrica plc announced plans to close the offshore Rough storage facility, which currently accounts for about 70% of all British natural gas storage capacity.
Immediately, the news caused a spike in winter-month natural gas futures prices, as fears of a natural gas shortage come winter began to swarm.
Fears that seem to have come full circleâŚ
An Ill-Timed Outage
In the midst of the âbig freeze,â Centrica announced a 12-hour outage at the Rough facility.
As a result, gas prices for immediate delivery more than doubled to their highest level in almost a decade as the arctic chill, and high snowfall levels drove up the demand for heat and electricity. In fact, demand for gas was so high last week that the National Grid Plc asked large industrial customers to scale back consumption.
âThe closure of Rough has changed the landscape for U.K. gas storage. and today that landscape looks very bleak for major energy users such as U.K. manufacturing industry,â Mike Foster, chief executive officer of the Energy and Utilities Alliance told reporters. âPrices have rocketed, hitting British industry particularly hard. If supply is interrupted, it will be the industry that has to stop production to protect consumers and their heating needs.â
In previous years, Rough acted as a buffer for supply shocks like the U.K. is currently dealing with. In fact, the Rough facility was previously able to meet as nearly 10% of the nationâs daily peak winter demand.
But with its impending closure, Centrica now is only withdrawing gas that remains at the site, and even that process is subject to hiccups like they saw last week.
And thatâs creating a knock-on effect.
You see, in the summer, U.K. demand for natural gas comes primarily from gas being pumped into storage for winter heating.
And that has introduced the second major post-Brexit energy moveâŚ
British Gas is Being Exported â Only to Be Reimported Again at a Premium
The dramatic change in cross-currency valuations following the Brexit decision has resulted in the U.K. exporting more natural gas to Belgium.
The âspare fuelâ being exported is actually coming primarily from volume that would have gone to Rough for storageâŚ
Except that the weaker pound means that itâs now more profitable to send the gas along the east-west North Sea pipeline to the terminal center at Zeebrugge on the Belgian coast instead.
However, just about all analysts agree that the rising exports from Britain to Europe are more a result of the collapse in currency value than the impending Rough closure. A Brexit-induced âpounding of the poundâ has provided some nice profits for European importers⌠and Centrica has obliged.
But for the average Brit back home, hoping to heat their house during this yearâs âbig freeze,â the short-term future may require a traditional British stiff upper lip.
Now, due to its limited natural gas storage capacity, the U.K. has tried to counteract its supply woes with increased LNG imports from Norway, Qatar, and the U.S. In fact, the National Grid welcomed its first LNG import from the U.S. last summer, as this super-cooled fuel continues to find new buyers abroad.
But even that has come with its own set of challenges this winter.
Truth is, even with the influx of supply from the U.S., LNG imports have been scarce across Europe this season, as a surge in demand from China and other Asian counties have driven up the cost of this super-chilled fuel.
Which left the U.K. with little maneuvering room when the cold arrived last week.
In other words, weâre looking at a nasty cycle: todayâs rising exports of British gas will go to European storage, with some of that returning as higher-priced imports when the weather gets colder.
Now, Britain isnât suffering alone.
Gas prices in the Netherlands have surged to more than four times the levels it saw this time last year, according to data from the Pegas exchange, after demand rose there with the cold.
But this isnât the first time that natural gas price shocks have left U.K. consumers out in the cold this winter. In fact, the market was roiled by an explosion at one of Europeâs major gas trading hubs combined with a major outage at the North Sea Pipeline just before the Christmas holiday.
The bottom line here is, as I mentioned back in 2016, the energy situation in the U.K. is quickly heading from bad to worse.
A predicament that has only intensified over the past 20 months since I first wrote about it.
Which only goes to show that a global âenergy balanceâ is more imperative than ever.
And as the rest of the world slowly starts to catch up to what weâve been saying, this means one thing.
The next few years will be brimming with âenergy balanceâ plays.
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UK Gas Crisis: Out Of The Frying Pan Into The Fire
New Post has been published on http://foursprout.com/wealth/uk-gas-crisis-out-of-the-frying-pan-into-the-fire/
UK Gas Crisis: Out Of The Frying Pan Into The Fire
Authored by Kent Moors via OilPrice.com,
For the ministers and officials assembled, it was an embarrassment all around.
Late last week, as we were at the annual Windsor Energy Consultation (WEC) just outside London, British Gas Plc confirmed that the nation was facing a natural gas shortage as freezing temperatures grip the country.
You see, blizzards, strong winds, drifting snow, and bitter cold recently brought Britain to a standstill as the weather system nicknamed the âBeast from the Eastâ combined with winter storm âEmmaâ to create some of the most testing weather the U.K. has had to face in years.
Now, I can attest first hand that this cold snap was not something to take lightly.
As a regular attendee of the Windsor Energy Consultation over the past decade, a visit that includes spending three days each year at the royal residence, I know that Windsor Castle can be drafty in any weather.
But this time around, it was positively frigid.
âFrostyâ Windsor Castle grounds (St. Georgeâs Chapel on the left), March 2, 2018; photo: Bill Arnold
And nationwide, this âbig freezeâ has brought to light a very serious problem.
And itâs one that is only getting worseâŚ
Bitter Cold Adds (Further) Fuel to the Flames
The unfolding gas crisis has brought about a renewed immediacy to a major political issue that has been percolating in the U.K. for some time now.
You see, for the third year in a row, a portion of my two briefings (one to the plenary meeting; one to the ambassadors), was devoted to the growing global need for a new âenergy balance.â
Simply put, that balance involves two related advances.
The first is an expansion in the number of reliable (and distinct) energy sources. The second addresses the extent to which these sources provide a genuine interchangeable network of availability from such sources.
The rise of renewable sources (solar, wind, biofuel, even geothermal) has been the most visible manifestation of the developing balance. But the crucial element to remember is the balance nature of it all.
As we have noted in the past, this is not an exercise in finding a âsilver bulletâ to wean the market from a dependence on any particular energy source.
All energy sources are required. Itâs the integration of these sources that translates into the most efficient, cost-effective, and best solution for both producers and consumers.
Now, among the assembled officials and sector dignitaries at this yearâs Windsor meeting, there was a widespread agreement that a global âenergy balanceâ is necessary.
But you wouldnât know it looking at the situation developing currently.
In fact, despite that agreement, the current gas crisis emerging in the U.K. actually results from a shocking referendum decision back in 2016âŚ
Planning Limbo
Delays in moving on still contentious (and well over budget) nuclear power plants combined with ongoing pipeline problems from the North Sea offshore fields has left any âenergy balanceâ forward planning very much in limbo.
Yes, the increase in wind power in the U.K. has occurred more rapidly than expected, but it still lags behind the rise in demand.
The majority of demand in the U.K. is still covered by natural gas â both from the North Sea, which is becoming increasingly questionable when it comes to extractable volume, and expanded liquefied natural gas (LNG) imports.
Unfortunately, the nationâs supply issues have been complicated by one event that has overshadowed everything else for more than a year and a half.
Iâm talking about âBrexit,â the British decision to leave the European Union.
And the supply issue that followed this landmark decision is creating a major problem for British energy consumers.
But after a sidebar conversation with a British Gas executive at Windsor, the reasoning behind my original argument has become even more compellingâŚ
Why Brexit is Hiking U.K. Power Prices â and the Worst is Yet to Come
As I explained back in July 2016, history tells us that the winter of 1946-1947 was one of the worst experienced by the U.K. in a century â and the coldest in three.
Coming so soon after the end of World War II, an already crippled economy felt the full impact of freezing weather that killed both livestock and crops, while jamming roads and railways with snow.
It got so bad that at one point, Winston Churchill observed that he couldnât even get his favorite cigars.
But the main concern was the provision of electricity. Not a single power-generating station in all of England had escaped wartime destruction, and a return to ânormalcyâ in the power sector was still years away.
So during the cold winter of 1946-1947, the entire British population had to hunker down.
Now, the current situation is hardly as dire.
But ever since the U.K. voted to separate from the EU on June 23, Iâve been waiting for the initial signals that this divorce will have consequences in the energy sector.
Now we have one, with dire consequences for British consumersâŚ
Brits Should Expect (Much) Higher Power Prices
The signal shows a coming double whammy for British natural gas users, as a result of the post-Brexit decline of the British pound sterling to more than thirty-year lows against the dollar.
This decline has prompted two energy moves in very different directions. Unfortunately, neither is good for anyone living in the U.K. as temperatures declineâŚ
First, the descent of the pound sterling has prompted U.K. retail natural gas distributors to forego discounts moving forward. This is, of course, based on the same reasoning that will certainly result in another round of appreciable electricity price hikes by the major national utilities.
Maintaining profit margins will be impossible at current levels, given the forex pressure on the bottom line. Most observers also believe that increased taxes are now inevitable, as the unexpected currency (effective) devaluation has made revenue an important factor.
Fact is, even before Brexit, this was placing additional pressure on an already strained power sector.
But in a post-Brexit world, this is leading to some serious difficulties, both for end users and domestic power distributors, with problems â some Brexit-related, some not â hitting all British energy sourcesâŚ
The U.K. Cut its Winter Gas Reserves â Just in Time for the âBig Freezeâ
Chief among those concerns are the profitability of North Sea production, and a decimation of renewable alternatives (for example, over a third of all jobs in U.K. solar have vanished).
The British end user, however, is going to feel the pinch in an additional wayâŚ
You see, in June 2017, utility giant Centrica plc announced plans to close the offshore Rough storage facility, which currently accounts for about 70% of all British natural gas storage capacity.
Immediately, the news caused a spike in winter-month natural gas futures prices, as fears of a natural gas shortage come winter began to swarm.
Fears that seem to have come full circleâŚ
An Ill-Timed Outage
In the midst of the âbig freeze,â Centrica announced a 12-hour outage at the Rough facility.
As a result, gas prices for immediate delivery more than doubled to their highest level in almost a decade as the arctic chill, and high snowfall levels drove up the demand for heat and electricity. In fact, demand for gas was so high last week that the National Grid Plc asked large industrial customers to scale back consumption.
âThe closure of Rough has changed the landscape for U.K. gas storage. and today that landscape looks very bleak for major energy users such as U.K. manufacturing industry,â Mike Foster, chief executive officer of the Energy and Utilities Alliance told reporters. âPrices have rocketed, hitting British industry particularly hard. If supply is interrupted, it will be the industry that has to stop production to protect consumers and their heating needs.â
In previous years, Rough acted as a buffer for supply shocks like the U.K. is currently dealing with. In fact, the Rough facility was previously able to meet as nearly 10% of the nationâs daily peak winter demand.
But with its impending closure, Centrica now is only withdrawing gas that remains at the site, and even that process is subject to hiccups like they saw last week.
And thatâs creating a knock-on effect.
You see, in the summer, U.K. demand for natural gas comes primarily from gas being pumped into storage for winter heating.
And that has introduced the second major post-Brexit energy moveâŚ
British Gas is Being Exported â Only to Be Reimported Again at a Premium
The dramatic change in cross-currency valuations following the Brexit decision has resulted in the U.K. exporting more natural gas to Belgium.
The âspare fuelâ being exported is actually coming primarily from volume that would have gone to Rough for storageâŚ
Except that the weaker pound means that itâs now more profitable to send the gas along the east-west North Sea pipeline to the terminal center at Zeebrugge on the Belgian coast instead.
However, just about all analysts agree that the rising exports from Britain to Europe are more a result of the collapse in currency value than the impending Rough closure. A Brexit-induced âpounding of the poundâ has provided some nice profits for European importers⌠and Centrica has obliged.
But for the average Brit back home, hoping to heat their house during this yearâs âbig freeze,â the short-term future may require a traditional British stiff upper lip.
Now, due to its limited natural gas storage capacity, the U.K. has tried to counteract its supply woes with increased LNG imports from Norway, Qatar, and the U.S. In fact, the National Grid welcomed its first LNG import from the U.S. last summer, as this super-cooled fuel continues to find new buyers abroad.
But even that has come with its own set of challenges this winter.
Truth is, even with the influx of supply from the U.S., LNG imports have been scarce across Europe this season, as a surge in demand from China and other Asian counties have driven up the cost of this super-chilled fuel.
Which left the U.K. with little maneuvering room when the cold arrived last week.
In other words, weâre looking at a nasty cycle: todayâs rising exports of British gas will go to European storage, with some of that returning as higher-priced imports when the weather gets colder.
Now, Britain isnât suffering alone.
Gas prices in the Netherlands have surged to more than four times the levels it saw this time last year, according to data from the Pegas exchange, after demand rose there with the cold.
But this isnât the first time that natural gas price shocks have left U.K. consumers out in the cold this winter. In fact, the market was roiled by an explosion at one of Europeâs major gas trading hubs combined with a major outage at the North Sea Pipeline just before the Christmas holiday.
The bottom line here is, as I mentioned back in 2016, the energy situation in the U.K. is quickly heading from bad to worse.
A predicament that has only intensified over the past 20 months since I first wrote about it.
Which only goes to show that a global âenergy balanceâ is more imperative than ever.
And as the rest of the world slowly starts to catch up to what weâve been saying, this means one thing.
The next few years will be brimming with âenergy balanceâ plays.
0 notes
Text
Why Banks Want Us to Believe Bitcoins are Nothing but a Bubble Waiting to Burst?
Why Banks Want Us to Believe Bitcoins are Nothing but a Bubble Waiting to Burst?
Nobody has a monopoly over the proceedings of bitcoin and that is why it is so problematic for the banks. The banks believe in consolidation and making more money from the money they already have and keep tight control over the proceedings of the money through a centralized control over the resources. Due to these measures, banks can have a lot of problems in their running that are beyond their control.
Bitcoin is now eating away into the shares of traditional banking and payment transaction conglomerates. It is the reason why banks are lobbying hard with conventional economists to portray bitcoin as a bubble waiting to burst. Why should bitcoin be considered as a bubble waiting to burst? What is at the back end of bitcoin that imparts value to bitcoin? You surely must have asked these questions yourself and now I will answer them.
Bitcoin is not a big bubble and cannot result in a much heightened crisis like the Wall Street Crash of 2008. The Wall Street and the stock exchanges around the world along with the banking industry giving out debts over money they donât have are the real bubble.
The stock market is pure speculation and nobody knows the ground realities of the companies they are investing in, there is insider trading, securities fraud, divided fraud and what not in the stock exchange. While the successive government have tried to rein in the stock exchange, the truth is that the stock exchange is the worst example of a free market because it hasnât learned to autocorrect itself in an appropriate manner.
financial crisis 2008
Same goes with banking. Banks are known to give credits in a biased manner and to the industries that they think wonât make losses. They therefore donât invest in good promising projects and rather remain interested in conventional ones like real estate, personal loans, energy and infrastructure. Banks go above and beyond in these industries since they consider them safe enough for investment but the truth is that they often end up investing more money that they can hope to reap up in case of a market crash. Take real estate for example.
Real Estate suffered a big crash back in 2008 when the whole system collapsed. As a result, billions of dollars were wiped out from the market and the banks were facing huge losses and not ready to accept the properties back. Since they had invested the money on real estate blindly, they would end up being one of the biggest losers and many of them would end up being bankrupt and would need a bailout package from the government just to start operations again. This leads to consolidation and concentration of human wealth and not at all what the free market should be all about.
Price pf Housing
Free market is about decentralization, small businesses and people coming up with new ideas to solve our problems and innovative solutions. So, first of all, a lesson in âbubbleâ mechanics from an industry that is very much a bubble in itself and is guilty of violating the free market and blind consolidation, you should take a step back and ask yourself whether they are the best source of information in this. Yes, they are definitely not. They more often that not even know the basics of blockchain and bitcoin and then make tall claims about its eventual failure. Try asking conventional economists about blockchain and decentralization and you would be amazed with the answers pouring from their mouths.
But, still bitcoin needs to address these concerns to counter the negative propaganda being aired on these channels and even taught in universities. It is better to nip the evil in the bud! So, first of all saying bitcoin has nothing on its back end is just not true. It has a lot of infrastructure on its back end and you cannot see it but experience it the way it is being handled.
For those who say they donât trust a system whose infrastructure they canât see, they should immediately stop using international transactional companies, Google, Dropbox, etc as you are 99% likely not to see their infrastructure with your own eyes or even have it telecast in your entire lifetime. The reason why you canât help trusting them is that you have seen how they work and you need them. Now these companies donât even show how they work to the public. All of it is kept under wraps. Bitcoin however is open-source.
Bitcoin Core
We know a lot about what is happening around the world. We can literally follow each transaction and its confirmation while the blockchain itself is the safest open-source transaction in the entire world. So, bitcoin is not only safe, you can study about it and even start a node yourself to understand and operate its transactions. It bring a whole new level of transparency to the monetary world, one that was absent before in banks and other financial institutions.
Now what is at the back end of the bitcoin? What makes it worth hundreds of billions of dollars in marketcap? Well, for starters, I must ask a counter question.
Why are payment companies like Visa, Mastercard, Paypal, etc worth more than $ 3 trillion in total?
The reason is that you can send and receive money globally in secure transaction due to their good infrastructure. Bitcoin can do exactly that without companies like these keeping track of everything and in a peer-to-peer transaction.
It is also much more secure than any of these companies. So, a better transaction system like bitcoin possesses should be worth a lot more donât you think? The worth of bitcoin is partly from this role as a payment method which is based on the revolutionary blockchain technology. Each transaction of bitcoin has significant contribution from miners, people who make this network secure. So, at least part of its existence and worth is justified and even justifies astronomical increases in the near future as it eats away into the shares of these companies. It is happening whether they like it or not.
Blockchain Technology
Now what imparts bitcoinâs intrinsic value?
Thatâs the amazing part. Bitcoinâs worth is entirely calculated by the dynamics of a real free market. That is why it is so volatile. When people see that they can send/receive money in the form of bitcoin and even hold it for the future gains, they understand that bitcoin has the capability to undermine not just transaction companies like Visa, Mastercard and Paypal but also central banks who control the major currencies in the world.
These banks literally control the worth of currency and try to make it as stable as possible using artificial measures. These measures include printing more money for devaluation, holding up new bonds away from the market for stabilizing its worth and much more. The system is rigged because of these hard-handed measures and centralized decision making.
Why is it that devaluing currency is almost a certainty despite the ever-growing economy. Why is it that a dollar in the 90s is worth a lot less when you go out to buy something from the store? The reason is that the system is designed to devalue the paper currency no matter what because they know that they will need to keep printing more and more bills as times goes by. This doesnât happen with bitcoin.
Bitcoinâs worth will increase or decrease according to the value imparted to it by the free market and that is beauty of it. It doesnât attach fake valuation to the currency. Coupled with the amazing transaction system, it will always change in the future and that doesnât happen with the fiat currencies like Dollar, Pound, Euro.
Since the price of the bitcoin is the reflection of the free market confidence in the currency, it is much more real than fiat currencies that give rise to yearly inflation and such. It is perhaps the same reason why governments around the world are cracking down on it. They simply donât like a currency they cannot manipulate and post made-up statistics regarding the economy and its future. It basically tells the worth like it is.
Bitcoin price
So, due to all these attributes and millions of computers in a decentralized network protecting bitcoin, the worth of bitcoin continues to increase. It is not a bubble but it gives no guarantee what its future price will be. It might decrease rapidly or increase rapidly according to the trade and commerce happening because of it.
Bitcoin was designed to be a currency of the people backed by a stellar infrastructure and driven entirely by the free market. No fiat currency in the world can claim that but it does have competitors that keep its price in check and its own unique currency market as well.
So, the next time a banker or conventional economist tries to portray bitcoin as a bubble, you can analyze his arguments keeping in mind these simple talking points.
http://ift.tt/2hq4COW
0 notes
Text
Why Banks Want Us to Believe Bitcoins are Nothing but a Bubble Waiting to Burst?
Why Banks Want Us to Believe Bitcoins are Nothing but a Bubble Waiting to Burst?
Nobody has a monopoly over the proceedings of bitcoin and that is why it is so problematic for the banks. The banks believe in consolidation and making more money from the money they already have and keep tight control over the proceedings of the money through a centralized control over the resources. Due to these measures, banks can have a lot of problems in their running that are beyond their control.
Bitcoin is now eating away into the shares of traditional banking and payment transaction conglomerates. It is the reason why banks are lobbying hard with conventional economists to portray bitcoin as a bubble waiting to burst. Why should bitcoin be considered as a bubble waiting to burst? What is at the back end of bitcoin that imparts value to bitcoin? You surely must have asked these questions yourself and now I will answer them.
Bitcoin is not a big bubble and cannot result in a much heightened crisis like the Wall Street Crash of 2008. The Wall Street and the stock exchanges around the world along with the banking industry giving out debts over money they donât have are the real bubble.
The stock market is pure speculation and nobody knows the ground realities of the companies they are investing in, there is insider trading, securities fraud, divided fraud and what not in the stock exchange. While the successive government have tried to rein in the stock exchange, the truth is that the stock exchange is the worst example of a free market because it hasnât learned to autocorrect itself in an appropriate manner.
financial crisis 2008
Same goes with banking. Banks are known to give credits in a biased manner and to the industries that they think wonât make losses. They therefore donât invest in good promising projects and rather remain interested in conventional ones like real estate, personal loans, energy and infrastructure. Banks go above and beyond in these industries since they consider them safe enough for investment but the truth is that they often end up investing more money that they can hope to reap up in case of a market crash. Take real estate for example.
Real Estate suffered a big crash back in 2008 when the whole system collapsed. As a result, billions of dollars were wiped out from the market and the banks were facing huge losses and not ready to accept the properties back. Since they had invested the money on real estate blindly, they would end up being one of the biggest losers and many of them would end up being bankrupt and would need a bailout package from the government just to start operations again. This leads to consolidation and concentration of human wealth and not at all what the free market should be all about.
Price pf Housing
Free market is about decentralization, small businesses and people coming up with new ideas to solve our problems and innovative solutions. So, first of all, a lesson in âbubbleâ mechanics from an industry that is very much a bubble in itself and is guilty of violating the free market and blind consolidation, you should take a step back and ask yourself whether they are the best source of information in this. Yes, they are definitely not. They more often that not even know the basics of blockchain and bitcoin and then make tall claims about its eventual failure. Try asking conventional economists about blockchain and decentralization and you would be amazed with the answers pouring from their mouths.
But, still bitcoin needs to address these concerns to counter the negative propaganda being aired on these channels and even taught in universities. It is better to nip the evil in the bud! So, first of all saying bitcoin has nothing on its back end is just not true. It has a lot of infrastructure on its back end and you cannot see it but experience it the way it is being handled.
For those who say they donât trust a system whose infrastructure they canât see, they should immediately stop using international transactional companies, Google, Dropbox, etc as you are 99% likely not to see their infrastructure with your own eyes or even have it telecast in your entire lifetime. The reason why you canât help trusting them is that you have seen how they work and you need them. Now these companies donât even show how they work to the public. All of it is kept under wraps. Bitcoin however is open-source.
Bitcoin Core
We know a lot about what is happening around the world. We can literally follow each transaction and its confirmation while the blockchain itself is the safest open-source transaction in the entire world. So, bitcoin is not only safe, you can study about it and even start a node yourself to understand and operate its transactions. It bring a whole new level of transparency to the monetary world, one that was absent before in banks and other financial institutions.
Now what is at the back end of the bitcoin? What makes it worth hundreds of billions of dollars in marketcap? Well, for starters, I must ask a counter question.
Why are payment companies like Visa, Mastercard, Paypal, etc worth more than $ 3 trillion in total?
The reason is that you can send and receive money globally in secure transaction due to their good infrastructure. Bitcoin can do exactly that without companies like these keeping track of everything and in a peer-to-peer transaction.
It is also much more secure than any of these companies. So, a better transaction system like bitcoin possesses should be worth a lot more donât you think? The worth of bitcoin is partly from this role as a payment method which is based on the revolutionary blockchain technology. Each transaction of bitcoin has significant contribution from miners, people who make this network secure. So, at least part of its existence and worth is justified and even justifies astronomical increases in the near future as it eats away into the shares of these companies. It is happening whether they like it or not.
Blockchain Technology
Now what imparts bitcoinâs intrinsic value?
Thatâs the amazing part. Bitcoinâs worth is entirely calculated by the dynamics of a real free market. That is why it is so volatile. When people see that they can send/receive money in the form of bitcoin and even hold it for the future gains, they understand that bitcoin has the capability to undermine not just transaction companies like Visa, Mastercard and Paypal but also central banks who control the major currencies in the world.
These banks literally control the worth of currency and try to make it as stable as possible using artificial measures. These measures include printing more money for devaluation, holding up new bonds away from the market for stabilizing its worth and much more. The system is rigged because of these hard-handed measures and centralized decision making.
Why is it that devaluing currency is almost a certainty despite the ever-growing economy. Why is it that a dollar in the 90s is worth a lot less when you go out to buy something from the store? The reason is that the system is designed to devalue the paper currency no matter what because they know that they will need to keep printing more and more bills as times goes by. This doesnât happen with bitcoin.
Bitcoinâs worth will increase or decrease according to the value imparted to it by the free market and that is beauty of it. It doesnât attach fake valuation to the currency. Coupled with the amazing transaction system, it will always change in the future and that doesnât happen with the fiat currencies like Dollar, Pound, Euro.
Since the price of the bitcoin is the reflection of the free market confidence in the currency, it is much more real than fiat currencies that give rise to yearly inflation and such. It is perhaps the same reason why governments around the world are cracking down on it. They simply donât like a currency they cannot manipulate and post made-up statistics regarding the economy and its future. It basically tells the worth like it is.
Bitcoin price
So, due to all these attributes and millions of computers in a decentralized network protecting bitcoin, the worth of bitcoin continues to increase. It is not a bubble but it gives no guarantee what its future price will be. It might decrease rapidly or increase rapidly according to the trade and commerce happening because of it.
Bitcoin was designed to be a currency of the people backed by a stellar infrastructure and driven entirely by the free market. No fiat currency in the world can claim that but it does have competitors that keep its price in check and its own unique currency market as well.
So, the next time a banker or conventional economist tries to portray bitcoin as a bubble, you can analyze his arguments keeping in mind these simple talking points.
http://ift.tt/2hq4COW
0 notes
Text
Why Banks Want Us to Believe Bitcoins are Nothing but a Bubble Waiting to Burst?
Why Banks Want Us to Believe Bitcoins are Nothing but a Bubble Waiting to Burst?
Nobody has a monopoly over the proceedings of bitcoin and that is why it is so problematic for the banks. The banks believe in consolidation and making more money from the money they already have and keep tight control over the proceedings of the money through a centralized control over the resources. Due to these measures, banks can have a lot of problems in their running that are beyond their control.
Bitcoin is now eating away into the shares of traditional banking and payment transaction conglomerates. It is the reason why banks are lobbying hard with conventional economists to portray bitcoin as a bubble waiting to burst. Why should bitcoin be considered as a bubble waiting to burst? What is at the back end of bitcoin that imparts value to bitcoin? You surely must have asked these questions yourself and now I will answer them.
Bitcoin is not a big bubble and cannot result in a much heightened crisis like the Wall Street Crash of 2008. The Wall Street and the stock exchanges around the world along with the banking industry giving out debts over money they donât have are the real bubble.
The stock market is pure speculation and nobody knows the ground realities of the companies they are investing in, there is insider trading, securities fraud, divided fraud and what not in the stock exchange. While the successive government have tried to rein in the stock exchange, the truth is that the stock exchange is the worst example of a free market because it hasnât learned to autocorrect itself in an appropriate manner.
financial crisis 2008
Same goes with banking. Banks are known to give credits in a biased manner and to the industries that they think wonât make losses. They therefore donât invest in good promising projects and rather remain interested in conventional ones like real estate, personal loans, energy and infrastructure. Banks go above and beyond in these industries since they consider them safe enough for investment but the truth is that they often end up investing more money that they can hope to reap up in case of a market crash. Take real estate for example.
Real Estate suffered a big crash back in 2008 when the whole system collapsed. As a result, billions of dollars were wiped out from the market and the banks were facing huge losses and not ready to accept the properties back. Since they had invested the money on real estate blindly, they would end up being one of the biggest losers and many of them would end up being bankrupt and would need a bailout package from the government just to start operations again. This leads to consolidation and concentration of human wealth and not at all what the free market should be all about.
Price pf Housing
Free market is about decentralization, small businesses and people coming up with new ideas to solve our problems and innovative solutions. So, first of all, a lesson in âbubbleâ mechanics from an industry that is very much a bubble in itself and is guilty of violating the free market and blind consolidation, you should take a step back and ask yourself whether they are the best source of information in this. Yes, they are definitely not. They more often that not even know the basics of blockchain and bitcoin and then make tall claims about its eventual failure. Try asking conventional economists about blockchain and decentralization and you would be amazed with the answers pouring from their mouths.
But, still bitcoin needs to address these concerns to counter the negative propaganda being aired on these channels and even taught in universities. It is better to nip the evil in the bud! So, first of all saying bitcoin has nothing on its back end is just not true. It has a lot of infrastructure on its back end and you cannot see it but experience it the way it is being handled.
For those who say they donât trust a system whose infrastructure they canât see, they should immediately stop using international transactional companies, Google, Dropbox, etc as you are 99% likely not to see their infrastructure with your own eyes or even have it telecast in your entire lifetime. The reason why you canât help trusting them is that you have seen how they work and you need them. Now these companies donât even show how they work to the public. All of it is kept under wraps. Bitcoin however is open-source.
Bitcoin Core
We know a lot about what is happening around the world. We can literally follow each transaction and its confirmation while the blockchain itself is the safest open-source transaction in the entire world. So, bitcoin is not only safe, you can study about it and even start a node yourself to understand and operate its transactions. It bring a whole new level of transparency to the monetary world, one that was absent before in banks and other financial institutions.
Now what is at the back end of the bitcoin? What makes it worth hundreds of billions of dollars in marketcap? Well, for starters, I must ask a counter question.
Why are payment companies like Visa, Mastercard, Paypal, etc worth more than $ 3 trillion in total?
The reason is that you can send and receive money globally in secure transaction due to their good infrastructure. Bitcoin can do exactly that without companies like these keeping track of everything and in a peer-to-peer transaction.
It is also much more secure than any of these companies. So, a better transaction system like bitcoin possesses should be worth a lot more donât you think? The worth of bitcoin is partly from this role as a payment method which is based on the revolutionary blockchain technology. Each transaction of bitcoin has significant contribution from miners, people who make this network secure. So, at least part of its existence and worth is justified and even justifies astronomical increases in the near future as it eats away into the shares of these companies. It is happening whether they like it or not.
Blockchain Technology
Now what imparts bitcoinâs intrinsic value?
Thatâs the amazing part. Bitcoinâs worth is entirely calculated by the dynamics of a real free market. That is why it is so volatile. When people see that they can send/receive money in the form of bitcoin and even hold it for the future gains, they understand that bitcoin has the capability to undermine not just transaction companies like Visa, Mastercard and Paypal but also central banks who control the major currencies in the world.
These banks literally control the worth of currency and try to make it as stable as possible using artificial measures. These measures include printing more money for devaluation, holding up new bonds away from the market for stabilizing its worth and much more. The system is rigged because of these hard-handed measures and centralized decision making.
Why is it that devaluing currency is almost a certainty despite the ever-growing economy. Why is it that a dollar in the 90s is worth a lot less when you go out to buy something from the store? The reason is that the system is designed to devalue the paper currency no matter what because they know that they will need to keep printing more and more bills as times goes by. This doesnât happen with bitcoin.
Bitcoinâs worth will increase or decrease according to the value imparted to it by the free market and that is beauty of it. It doesnât attach fake valuation to the currency. Coupled with the amazing transaction system, it will always change in the future and that doesnât happen with the fiat currencies like Dollar, Pound, Euro.
Since the price of the bitcoin is the reflection of the free market confidence in the currency, it is much more real than fiat currencies that give rise to yearly inflation and such. It is perhaps the same reason why governments around the world are cracking down on it. They simply donât like a currency they cannot manipulate and post made-up statistics regarding the economy and its future. It basically tells the worth like it is.
Bitcoin price
So, due to all these attributes and millions of computers in a decentralized network protecting bitcoin, the worth of bitcoin continues to increase. It is not a bubble but it gives no guarantee what its future price will be. It might decrease rapidly or increase rapidly according to the trade and commerce happening because of it.
Bitcoin was designed to be a currency of the people backed by a stellar infrastructure and driven entirely by the free market. No fiat currency in the world can claim that but it does have competitors that keep its price in check and its own unique currency market as well.
So, the next time a banker or conventional economist tries to portray bitcoin as a bubble, you can analyze his arguments keeping in mind these simple talking points.
http://ift.tt/2hq4COW
0 notes
Text
Courses in Currency Trading-Free Training!
Euro Currency has been adopted in 2002 as a way to unite the European Nations and offer a common economic platform for all EU nations. There were obviously political motives behind the economic motives too; the main one being the political equilibrium of the EU Region. The politicians were of the view that a frequent currency would bring long lasting peace and stability in the area.
Unified money was considered the crucial tool for handling financial issues of this region but in fact, the Euro was unable to reduce danger and possibly acted as a barrier in the way of tangible actions need at the times of fiscal crisis. The financial catastrophe EU has gone through demonstrated the euro's flaws and debts concealed during a decade of wealth. For today the tragedy has seen to settle somehow but the situation still remains unclear and nobody can accurately predict that what is going to happen next.
The history of this crisis can be traced back to World War II. The folks of the Europe desired better economic conditions so initially 28 countries joined in a treaty of free trade zone. The unified currency has been considered today as they thought that a unified currency is going to not have any inflation. Moreover, it is going to develop an impact on the World Economy. If this dream of merged money became a reality, it became obvious that it can not surely live up to those high expectations. The ethnic and national differences were still there among the nations which became evident during the crisis.
The largest danger to the future of the Euro is that the political unrest in the region. It turned out to be a political will which created the Euro and now it is the political mess that is threatening its existence. Many countries are looking to walk away in the single currency which is making its presence look ambiguous. Not just the nations are threatening to walk from it; the even more dangerous situation is that the blocks in EU which are currently looking for their particular unified money. This scenario in the region has meant that the future of Euro exceptionally depends upon the measures these nations. Though the efforts are being made to prevent any such circumstance but the outcomes of those attempts are still far reached.
The inflexibility of the Euro is another issue for its future. The biggest objective of a unified currency is to maintain stable level of their prices in order to permit exchange to happen. This is only possible if countries can devalue their currencies based on situation. However, the Euro does not allow any flexibility to achieve that. So the result is that nations can't adjust in accordance with changing economic conditions.
Another aspect which threatens the Euro's future is the historic assumption that a unified currency will remove the fiscal risks faced by a member country. It had been considered that linking a unified currency will eliminate the inflation and there would not be any danger in any way. However, the reality is that a unified currency can't only eliminate the whole risk. It absolutely can not alter the financial fate of the nation, which relies on decades of economic strategy, only in few years. This premise has been nullified by the financial crisis of Greece lately. And it's developed a new perspective of not seeing Euro as the perfect remedy.
In my view, Euro hasn't lived up to its expectations since the expectations were set too high for this. If we view Euro as just a tool for economic stability and prosperity of the area, it might well have played its part economically. However, if we consider it as a lone savior for many problems of EU, it might have failed. The Euro should be viewed upon as an opportunity and political will of the EU Nations can save the future of Euro.
The Euro has all of the potential and capacity to develop into the mighty financial drive it once was. It all depends upon the political will of those member nations. If the EU nations can form their differences and unite for the sake of prosperous Europe, than the Euro have all the abilities to dictate the market of the World. In my point of view, the political uncertainty and political influences of the member countries are threatening the existence of The Euro; but the survival of Euro from the economic crisis of 2011-2012 shows that Euro has exactly what it takes to survive through the bad spots. If we're searching for a stable and strong Euro, we will need to come from nationalism as supreme policy decider, instead we will need to search for increased interest of this area; which will ultimately lead to the financial prosperity of each nation. That sounds the way forward for us.
Here, I explore a few of the implications of the dollar book standard. What do I really mean by 'dollar book standard?' I imply that a substantial percentage of minor central banks own dollars and dollar-denominated assets. In short, the Renminbi, the Taiwan dollar, the Korean won, etc., are all 'good for' bucks. Meaning, these monies are liabilities of the individual central banks, that - in turn - own dollars (and dollar-denominated assets).
I seek to briefly answer the questions: what exactly does this mean for the entire world? What exactly does this mean for costs? How do a contrarian investor wield this understanding to his/her advantage?
The dollar is largely 'great for' government bonds, mortgage-back securities, and gold. In other words, bucks (which are liabilities of the Fed) have been backed by the Fed's assets. As I have mentioned previously, there should always be a profit-motive in having a currency, for it to be a working currency. To put it differently, I suggest this: a buck is a promise on a assortment of assets. For there to be a profit-motive in owning a buck, the amount paid for a buck - in trade - should be less than that which the buck is 'good for'. As an example, if a dollar was backed by 1 ounce of gold, who in their right mind would exchange more than 1 ounce of gold for that dollar?
So now getting on to foreign fiat currencies; the same applies, only they are - themselves - (largely) backed by bucks (and dollar-denominated assets). In other words, the reserves held against foreign fiat monies are dollars and dollar-denominated assets. If - say - a 100 RMB note were 'good for' $15, then who in their right mind would pay more than $15 to get a 100 RMB note?
How does this help in the job of speculation?
Ask yourself the following questions; if all of the above is true, what does a scarcity of dollars entail for overseas fiat currencies? And, what could an abundance of bucks entail for foreign fiat currencies?
I am hoping the profound interconnectedness of fiat monies is becoming apparent to you. Changes in the value of the dollar can have the impact of increasing or reducing the load of debts (along with other currency liabilities) internationally! This is particularly true for those monies that are either outright pegged to the dollar, or - to a substantial amount - endorsed by dollars. Therefore, it Ought to Be no surprise to note that emerging market stock indices act as levered S&P 500s:
Sure, all of us want and want currency and money of any sort to dwell within this current world and immediate existence. But, what about money, real capital and trade medium for what is beyond and the genuine long term which is "beyond the pale of human understanding".
Being a successful businessperson in this world is all fine and good, but what about the deeper questions and answers most of us must face? Indeed, we came from energy and thought and finally we go to energy and thought. How we use energy and thought as currency counts more than cash, even if money buys us drink, water, food and meals in the immediate future, and apparently all of the time. I am saying that fact is more profound than the "almighty dollar", and seeming security in the present moment. In life, those who are genuinely willing to admit more, get really more.
I recall this story the writer Mike Hernacki wrote about in his novel "The Ultimate Secret to Getting Everything You Want" about a day trading conference he attended before he became a writer. Everything the speaker stated to Mr. Hernacki was a blur to him except for the words "I know I am prepared to take the risk" when someone else in the crowd asked, "Why do you consider the risk in day trading once it is possible to lose everything you gain and then some?" In my Fact, the danger is the money we have to put up to get back anything, and the real loss is not even going for that which we really desire. And also the most real loss is giving up getting what we actually want completely even when we wake up and are able to try again after some "bad losses" without changing our approach and hammering success from doing precisely the reverse of what doesn't work.
We must take consistent action in order to get what we want and desire. It won't be given to us on a "platter of gold" the "simple way". To be able to win, we must take consistent actions until we do win.
I know "beginning chance" sounds great to individuals that are in the center of persistence while the persistence is occurring. But to look at things coldly realistically: To have the expertise and comprehension of what to not do makes a better effort ultimately, and, to be rather ironic, that sort of "shedding" makes more legitimate "winning" So, my final advice in this article: Don't stop. Work with different approaches till you do succeed. .
My name is Joshua Clayton, I am a freelance writer based in Inglewood, California. In addition, I write under a few pen-names and aliases, but Joshua Clayton is my actual name, and I write by that for the most part today. I am a philosophical author and goal thinker and honest action taker. I also work in a senior center in Gardena, California as my day job, among other matters, but primarily I am a writer.
You will find plenty of business in the world from which one can make his good luck. Currency trading is just one of those businesses. You may earn a fantastic income from this business. You have to be much conscious in the company and should understand the fundamental qualities of the currency trading.
In the past, only the financial giants and big multinational firms were allowed to trade money. Now the technology inventions have made money trading easy for all. You just have to be online and might start to exchange currency.
Forex is the title given to this currency trade market where strong currencies of the selected developed nations are traded. These currencies include USD, GBP, EURO and a few others. You need not to stock one of these monies for currency business.
The currency trade depends on the credit arrangements. All the trades in the currency market are regulated by the words of honour. All traders in the industry honestly abide by those words of honor.
You need to be well versed with all the typical terms of the market before you start online currency trading. Sometimes you may face reduction on your capital investment in this foreign exchange market due to lack of enough understanding.
There are always ups and downs in the currency exchange market. This change in the forex market is the basis of profits and is inspired by various things. You will sell a currency with a lesser interest rate. This fund will be used for buying another currency with higher rates of interest. This difference in the rates of the interest brings you the gains for which you are in the currency trading market.
The monetary value of a specific currency is dependent upon its supply and need. The foreigners visiting to your nation will need the currencies of your country to buy goods and for different expenses.
Likewise the local residents of the country planning foreign tours will require the monies of the destination countries. Therefore the values of currencies fluctuate with the invasion of the foreign currencies in a specific nation.
The market position of a currency is also accountable for the changes in the currency's value. Folks purchase and sell the certain currencies based on the speculation from the currency trading market.
The market value of a certain currency also signals about the wellbeing of economy of this country to which that currency belongs. The large value of the currency is an indication of audio market of belonging nation.
Let's sum up the benefits of trading money. You need not to have a huge capital amount to begin currency trading business, although the market was limited to corporate investors previously. You may earn massive gains even in a single bargain when the marketplace is in your favor.
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Sitting Together
And there are just echoes, every occurrence bleeds into the next. I canât recollect my presence any more than I can my absence, people tell me stories of preceding instances, but I canât recognize the instant I was there.
I was told of a moment where we stood in silence next to each other, one of those moments where every conceivable decibel was muffled, the cars ceased their screeched horns, the people ceased their incessant biological processes. The melody, unfinished, that never leaves one's head was playing a subdued cadence, leaving one in the light of its brilliance one second prior to the ceaseless claps that follow, claps that donât realize itâs an interlude, that interim. She kissed me there. I donât remember it. I remember feeling something, something persistently different, I remember an absence that announced a presence, but I donât remember her.
She wells up, the kind of wetness that sprouts out of wind whipping your face in the winter, I look at those pinkened eyes, I think of the winter, I forget for a singular moment sheâs welling up because of me. Because I canât remember. I think perhaps the harsh winds have ruffled her and her feathers, I think perhaps she is sick, I think perhaps I shouldnât be speaking to someone so sick as I wouldnât enjoy the potential of becoming sick myself. She tells me that was the moment she realized she loved me, to that I trail off thinking of what it means to love. Iâm aware I should be more concerned what it means to love me, the abstraction of it is unhealthy. I turn away for a moment, maybe if I close my eyes I can deny the reality before me.
I open them again, Iâm looking at the sign of an individual crossing a walkway in the road, a complete silhouette on yellow backdrop canvas, I think of the time someone walked me across this road as a child. She held my hand and called me dearie, I think this must have meant I was dear to her, she was a sweet old woman, the kind of definition you might give to any old woman simply because theyâre old and the guilt of calling them anything else before they die is overwhelming. But I think she may have been sweet, itâs unfortunate she enjoyed drinking things so bitter in such amounts, she might still be walking me across this road if she hadnât, or given the abundance of years, I might be walking her. I snap back to present a monstrous snow plow files by with a sound both brutally harsh yet piercingly fine, it takes out the sign inadvertently, almost myself as well but the girl pulls me back. Not saying anything to the event that just took place, itâs almost as if she were aware I wasnât present, just present enough that leaving me in the barrow of the plow would have created an absence.
Part of me wells up too thinking of the sign missing, how it would be impossible to think of that woman whom called me dearie without it, I stare at the stub of the sign left intact, the post I suppose. I think to myself very hard âThis is dearie woman now. This is dearie woman now.â Maybe that would suffice. I turn to the girl, seeing me teary-eyed she probably thought it was in regards to the instance currently occurring, my inability to remember her. Her lower lip begins quivering, I canât tell if itâs because itâs cold or because of me. Maybe itâs because Iâm cold, but is it literal? Does she quiver because I quiver, or does she quiver because Iâm disenchanted with her presence? We keep walking after the plow has passed, I farewell the stub grandmother and the tears that accompanied her, with no traffic on the road I walked without looking as if it would matter had I looked.
We say very little on this walk, perhaps there isnât much left to say, perhaps there was too much she wanted to say, not knowing her I had very little I felt appropriate to say. Iâm not too good with talking to women I say to her, I notice both a twinge of discomfort in her face and a relaxing of the rest of her body. A correlation of reactions that confuse me, why would a part of her respond this way rather than that. She says itâs okay, sheâs not very good with men I suppose, she doesnât say that, but saying anything is okay to anyone is usually underwhelming in response. Iâm walking now as if she isnât even present, I begin walking towards my home and the streetlights are less omnipresent than previously. The back suburban roads provide a weird relief even in the absence of the white noise that usually accompanies the main street, she eventually interjects to break this weird place of its own charm in asking if I had spoken to my father recently. I told her a lie, I told her I had not when I had, he was doing well as far as he could define well, he was smoking more. He never seemed to mind the detriments that come along with such activity, even now when he coughed up a different organ every day, he still enjoyed the act fervently. I remember being in the room getting him and his friends, everyone of them claiming to be an âuncleâ of mine but bore no relation, drinks so they could waste the night away drinking and smoking. They would play poker a lot, but they refused to ever teach me, I remember being allowed to play once and losing the ten dollars one of my âunclesâ had given me to play almost immediately. They laughed and the same âuncleâ took his ten dollars back.
I wondered how intelligent one would have to be to learn to count cards, everyone in town said my father knew how to, and they viewed me and him in a concerned light because of it, there were no streetlights now. She asked if she could come in for coffee, I told her she was welcome but that she would have to take her boots off, I had always maintained this policy out of all of them that my mother insisted when she was around. The girl said that I sounded just like my mother, to which I showed visible discontentment with, I didnât like being compared to either of them it was always stifling. She asked what I had been doing recently, something strange to say to people that youâve only ever known retrospectively.
I didnât know how to respond exactly, as I stated I was never good talking to women, I told her that I had been working I didnât specify where, it seemed insignificant to us both. I reciprocated the question as I learned in elementary school when those terrible state tests came about. Turn the question around they said, reiterate what youâre explaining, at the same time every higher level of education actively dismissed such an idea. She said she was doing okay, she hadnât found anybody since me, which was darkly comedic because I couldnât in all recollection find her, she said she held a job out of state and was back for her brotherâs funeral. I told her I was deeply sorry for her loss, though that felt meaningless to say, when someone you know dies I donât know how one can genuinely apologize for it. It seems empty, and then to call it a loss is equally undermining to the point, it seems to say that one can gain it back. That âlossâ is permanent, nothing replaces it right?
She said she had missed me and her lip began to quiver again, I said directly that I wish I had missed her too, which she interpreted to mean something crude and she said that it saddened her to hear that. I guess it might come across as devaluing but I genuinely couldnât find her and thus there wasnât really a value to strip. I asked why she had come to see me, she was in my house now, this person I couldnât remember even minutely, to which she said she didnât really know. She said she felt a need to, which confused me as the term âneedâ always did, people needed all sorts of things they didnât really need. They were much more apt to be wants, but living with just what were needs always seemed trivializing so I guess I kind of understood. Itâs healthier to lie and say you need something rather than want it, it makes a personâs argument stronger. She asked if she could spend the night.
I thought of the first time I ever slept with a girl that wasnât my mother after having a paralyzing nightmare. Her name was Candice, she was a sweet girl, until she cheated on me which justifiably made her less than a sweet girl in my mind. It was at her house one week when her family had gone on vacation, I lied to my mother and told her I was staying over a close friend's house which wasnât really a lie as much as an absence of truth. More pertinent truth at least. I thought about how there wasnât any lie or absence of truth in the present context, this girl was honest with me, but what would her spending the night amount to? She was after all a stranger claiming to know me, it seemed both plausibly enjoyable or destructive to allow such an idea. So I allowed it, we ordered chinese, she did by phone, and then I payed the man when he had arrived. I gave him a relatively large tip as I felt bad he had already come here earlier in the day, we sat on my couch, relatively unused, and watched cartoons.
They were old looney tunes animations, the kind that somehow always bring comfort to the senses, I suppose one of the channels had licensed them out as a late night marathon. We ate and then sat there together continuing to watch, not saying much, then she slid up next to me I felt her heart beating. We held each other, she leaned in closer only for a second and told me her name was Sandra, she hoped the name would spark some neural pathway of mine, but it didnât I responded hello Sandra Iâm Joseph. She frowned for a moment and then perked up slightly, a strange range of emotion for only a couple of minutes, she said I know and upon doing so she burrowed her head into my breast. Her smile made me smile, her warmth made me feel warm, I didnât remember her, I thought maybe now I would. Her absence only announced her presence when it came. Â
#writing#daily#stories#narratives#somethings#philosophy#thinking#walking#wandering#winters#alliteration#hmm
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AFL Womenâs competition should be shown respect by fans
Well golly, havenât the past six weeks of AFLW been fun? I mean I knew it was going to be good. But I didnât think that after such a short space of time Iâd be considering getting âVescioâ tattooed to my butt, or that three of the most intimidating people I now know of are named Lily, Ellie, and Daisy. They sound like Disney Princesses, for the love of God! Or at the very least, close relatives of Dora the Explorer. But donât let their adorable names fool you. Just looking at them makes me want to pop in a mouthguard for safety.
Not only has learning the new teams and revelling in the symbolic importance of this league been magnificent, but Iâve quite liked some of the rule changes, too. Fifteen-minute quarters? Yes please. I mean letâs keep in mind that I, as well as most of these players, am aggressively millennial. And this means that our attention spans are nowhere near as good as ⌠ooh, a puppy!
Bulldogsâ Brooke Lochland of the Bulldogs attempts to mark against the Blues. Photo: Getty Images
Yes, the opening season of the womenâs competition has been a resounding success, but naturally, most people have already begun looking forward to the 2018 season, and questions are being asked of the AFL.
Will the womenâs league expand? Not yet. Will the skill level jump? A resounding yes. Will players be moving around the field on hover boards? Quite possibly â it will be the future, after all. But thereâs one change I believe has got to come into effect if this league is truly to survive long term. Two changes, actually, if you include forcing Sarah Perkins to be my new best friend.
Illustration: Mick ConnollyÂ
But for the sake of this article not devolving into Tex fan-fic, Iâm just going to focus on the pressing one: ticketing at womenâs games. When recently asked if the AFL would change its no entry-fee system for the womenâs league, CEO Gill McLachlan replied, âWeâre not going to be rushing into charging people because weâre trying to build somethingâ. I do get where heâs coming from, But if everyone is following the: âDonât pay until itâs perfect ruleâ, then how on earth is anyone ticketing for the JLT Series?
I mean ⌠have you seen it? Itâs JL-Terrible. Guys âŚ?
By moving into 2018 with the intention of keeping the AFLW free, we risk turning what was a lovely opening season gesture to fans, into a troubling comment about the worth of these incredible athletes. And the only comment Iâm really comfortable being made about this league right now is âHoly God, why do they keep smashing into each other like that?â
Now Iâll admit that Iâm not necessarily the best person to chat with about finance. Iâve got as much to say about money as Dustin Martin does about contracts.
In fact, it was only recently that I discovered that âbassâ has nothing to do with fish, and that my accountant doesnât consider pictures of my wallet with a frowny face next to it a valid list of expenses. I put my lack of fiduciary knowhow down to the fact that for many years, I just wasnât earning anything. âExperience and exposureâ was the payment on offer in my field for a long time, and in many cases, Iâd just be given a drink card. Which even back then I knew was a scam. I mean you canât drink cards can you? Idiots.
I endured all of this in the hopes that soon, very soon, stand up would pay heaps. The only problem? As I was climbing my way up, the value of stand up comedy in Melbourne was going down faster than Kate Sheehan on a footy field.
There have always been free, open-mic comedy rooms in Melbourne where comedians can get up and try new material, and audiences can simply come along for the ride. The arrangement, when moderated, is mutually beneficial: the room gets an audience, the bar rakes in some cash, and talent gets a place to practise, rehearse and try out new jokes. Youâd think that would be a win-win.
Well, the problem is that the free rooms in Melbourne have begun to far outnumber the paid ones, and over time, this has devalued stand-up comedy. Why spend 20 bucks on a ticket when you know that you can see all the same people for free at some other room later that week? And if thatâs the case, why ever pay for comedy again?
Whether these rooms mean to or not, theyâre actually undercutting venues that pay their comics. Theyâre creating an economy where the lines between open mic and more polished comedy nights have been blurred. Practise and professional are all lumped together, and this simply isnât right.
This brings me back to the equally uncomfortable comparison between AFLW and the JLT Community Series. Last weekend, I went along to the Blues v Doggies game at Ikon Park and had to pay to get in for two reasons. Firstly, I had forgotten my membership card at home and apparently, saying: âDonât you even know who I am?â and âMy face is my ticket!â doesnât endear you to hard-working ground staff. Then there was a JLT match on straight afterwards. Suddenly, not paying to see the womenâs home-and-away season was problematic, because the message was that their game was somehow worth less than the menâs practice match. âThis one is worth paying for, this one is not,â the double header seemed to imply. To anyone who sawthe games, youâll understand that this simply wasnât the case.
And could it be that by enforcing the âwomenâs games are freeâ notion, the AFL are not only devaluing their own womenâs league, but undercutting other sports too? Think about it. If Jenny has a choice between seeing netball for $27 or AFLW for free on a Saturday afternoon, which sport will Jenny choose?
I genuinely believe that from here on in, we need to establish that the womenâs competition is a product worth paying to see. Theyâre not engaging in practice matches, nor are they just getting out there for a âbit of funâ. And theyâre sure as hell not doing this for drink cards in a pub with carpets so wet and swampy theyâre technically classified as mangroves. But if the AFL are steadfast in their belief that the AFLW will remain free for 2018, then at the very least, the JLT should no longer be ticketed.
This week saw another International Womenâs Day, a day that highlights the huge disparities between how men and women are valued in our community. If there was ever a moment to be bold for change, this is it. So letâs hope the AFL is heaps bold. How does twenty dollars worth of change to kick things off sound?
Iâd like to see that. (Weâre still all saying that, right?)
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