I’m done with Zoom. If it’s hybrid, I’ll be in person. Strictly Zoom…I politely decline.

“Although the reserves of natural resources in a nation are often discussed in terms of physical quantities, economic concepts of cost, prices, and present values must be considered if practical conclusions are to be reached. In addition to needless alarms about natural resources running out, there have also been, conversely, unjustifiably optimistic statements that some poor country has so many billions of dollars’ worth of “natural wealth” in the form of iron ore or bauxite deposits or some other natural resource. Such statements mean very little without considering how much it would cost to extract and process those resources—and this varies greatly from place to place.” — Basic Economics by #ThomasSowell https://a.co/g07M5LZ

All my ideologies and philosophies on what I deeply considered to be true have been changed simply by studying economics. You should try it too.

“In the early twenty-first century, a book titled Twilight in the Desert concluded that “Sooner or later, the worldwide use of oil must peak” and that is because “oil, like the other two fossil fuels, coal and natural gas, is nonrenewable.” That is certainly true in the abstract, just as it is true in the abstract that sooner or later the sun must grow cold. But that is very different from saying that this has any relevance to any problem confronting us in the next century or the next millennium. The insinuation, however, was that we faced some enduring energy crisis in our own time, and the fact that the price of crude oil had shot up to $ 147 a barrel, with the price of gasoline shooting up to $ 4 a gallon, lent credence to that insinuation. But, in 2010, the New York Times reported: Just as it seemed that the world was running on fumes, giant oil fields were discovered off the coasts of Brazil and Africa, and Canadian oil sands projects expanded so fast, they now provide North America with more oil than Saudi Arabia. In addition, the United States has increased domestic oil production for the first time in a generation.{” — Basic Economics by #ThomasSowell https://a.co/9kToph1

“How much of any given natural resource is known to exist depends on how much it costs to know. Oil exploration, for example, is very costly. In 2011, the New York Times reported: Two miles below the ocean floor, on a ridge the size of metropolitan Houston, modern-day wildcatters have pinpointed what they believe is a major oil field. Now all they have to do is spend $ 100 million to find out if they’re right.{” — Basic Economics by #ThomasSowell https://a.co/0E0pUFa

-Petroleum- Petroleum, or crude oil, is a fossil fuel and nonrenewable source of energy.

Petroleum

Petroleum, or crude oil, is a fossil fuel and nonrenewable source of energy.

“Whether a home, business, or farm is maintained, repaired or improved today determines how long it will last and how well it will operate in the future. However, the owner who has paid for repairs and maintenance does not have to wait to see the future effects on the property’s value. These future benefits are immediately reflected in the property’s present value. The “present value” of an asset is in fact nothing more than its anticipated future benefits, added up and discounted for the fact that they are delayed.” — Basic Economics by #ThomasSowell https://a.co/75BbHAN

“One of the big differences between economics and politics is that politicians are not forced to pay attention to future consequences that lie beyond the next election. An elected official whose policies keep the public happy up through election day stands a good chance of being voted another term in office, even if those policies will have ruinous consequences in later years. There is no “present value” to make political decision-makers today take future consequences into account, when those consequences will come after election day.” — Basic Economics by #Thomas Sowell https://a.co/1elsK1R

Dreams without goals are just dreams and ultimately they fuel disappointment. On the road to achieving your dreams you must apply discipline, but more importantly consistency. Because without commitment you’ll never start. But without consistency, you’ll never finish.

What do you think of the FedNow…? If it is what I believe it is, it should replace domestic wire transfers at the very least. Your thoughts….

Board of Governors of the Federal Reserve System

Federal Reserve announces July launch for the FedNow Service

The Service will Debut with Financial Institutions and the U.S. Treasury on Board CHICAGO – The Federal Reserve announced that the FedNow S...

And here it is people. Run Bitcoin asap!