This series is phenomenal, so rich and interesting and explains the concepts very well, as well as stunning cinematography and editing. Can’t wait for part 6.
Just watched the first 5 back to back, was a bit disappointed when Ive just seen part 5 was only a day ago lol, what an amazing series you have put together there, as a day trader I am fascinated by anything relating to the markets but this series is on another level of interest, the content is incredible and put together and explained where even someone with no knowledge of financial markets would understand, got to say one of the best series I have ever watched on anything ....look forward to part 6 thank you
For real, I watched almost all of them back to back as well very informative highly recommend it to anyone new to trading or wanted to get an insight into the world of trading
No artist, inventor or engineer is as creative as capitalism, bankers, insurance companies, or the part of the human intelligence for making money. Mesmerising! Fantastic serie I am hooked and lost for words. Brilliantly researched and edited VPRO.
@peacenow42 If you have the numbers you can buy the art. At least the (silly over)price(d) arts that people are willing to pay for it. Often by artists who were ignored during their lives.
As an up and coming meteorologist, this was just an insane approach and use of weather/climate modeling. I never thought weather could be used to make money like this...
Thank you for this video and for the series - which I have not yet watched. When Mr. Sow says a typical cat-bond portfolio has typically 200 positions - or individual bonds - for specific catastrophic events - does he mean it's like a CDO - that which exploded in 2008-2009? When he goes on about the tranches - a) 200 - 80 = 120 b) 80 - 10 = 70 which are at risk c) 10 - these holders of these cat bonds want to sell desperately - I really get the sense it's like the CDO of 2008. Collaterized debt obligations. Sounds eerily familiar.
What if an intrested party, in keeping the global warming/climate change bond scenario going? And they go out and set fires ahead of a storm, then blame the storm.
Aside from financial matters, it makes me kinda mad that humans decide to settle deep in wilderness areas, like deep in the woods, and then complain and suffer the consequences of their choice. ..What did they think was going to happen?....
If the goal of those who have the power and finances to "gain" from disasters are actually the creators of disasters, it's THOSE nefarious people who are responsible NOT the victims. They can "predict" disasters because they can create them.
I'm curious if they are the inverse of this. Like what if they were peace bonds or something of the sort. So they pay interest when bad things continue to happen but when I milestone is reached they keep the money
Because that is the default state, how would you trigger an indemnity clause when the base case is no catastrophe, I.e. Peace, interesting question though.
Money truly is the root of all evil when anyone can be bought & sold! However, no one survives planetary extinction, not even the greediest of parasites!!!
Allan Watts always wanted to place a bet against humanity, I guess I'm lucky enough to live in a golden age where we can. Don't know if it's a good thing in this pyrocene, but that sweet sweet ca-ching sound will lull us to bed in this burning house. Where do I place this bet?
Yeah, the casual nature with which these hedge fund managers and fintech folks talk about their business models really has a sort of sociopathic ring to it. Reminds me of war profiteers saying "the war is gonna happen either way, so im just making money off of it". Not suggesting these people specifically want people to experience loss or misery, but they are so casual with their approach to profiting off misery. Seems like complete money-based emotional separation from the reality of pain. All in the name of getting the giant mansion in CT, and the private golf course (which ironically represent the very wastefullness that fuels the climate change that they depend on for catastrophies). And my guess is that the corporations and conservative billionaires that finance climate change denialism and actively subsidize efforts to combat climate change awareness and legislation are the same ones investing in the CAT bonds, and making huge profits. It's all quite distasteful. We can only hope that their piles of money make for good kindling some day.
Enjoyed this series, however, you failed to mention one "key" reason for these fires; arsonists. The excuse of the nonsensical "climate change" narrative is normally used, when a vast majority (well over 50%) of these fires were started by arsonists.
Well said. I hadn't heard your 50% number, but am aware that the problem is significant. It is astounding how this problem is just ignored like a family members drug problem.
The over exaggeration on social media is a problem because exaggerating is the point of posting on social media. Attention seeking requires exaggeration to be successful. Truth is becoming rare.
2 of the most unlikely things.. 2 planes fly into 2 sky scrapers and a tusnami hits a nuclear power plant dead on. both happened wtihin 10 years of each other.
Lady YOU ARE NOT GOING TO SEE ANOTHER SANDI, is possible to sea a similar intensity horicane but it will not have the same name, because they dont give the name of a horicane twice.
People viewly me badly for loving MONEY. Money get me motivated to be hardworking. I don't care what others think of me. I just love Money. The Catastrophic Finance is good. We chinese have a poetry. 'Pick the chip woods for rainy days' or 'Gather Money For Disaster'. The Chinese culture already have these poetry in every household families long time ago from history
@peacenow42 But start to do some homework if this peaks your interest 🤔 most will just turn on a football game and never inquire. Aboriginal people's around the globe have been pushed off land they have alodial land rights, and the bankers know this and why we have so many refugees in the world.
Now look at them yo-yo's that's the way you do it You play the guitar on the MTV That ain't workin' that's the way you do it Money for nothin' and chicks for free
So from what I understood, you better not be insured in parts of the world . Look after yourself with out any organisation. We are not going forward but backwards. Sad as individual
The earthquake in Morocco and floods in Libya could do do with finance. The 120 K Christians being starved to death in Armenia could do with help. Thank you.
If I’ve understood your brief explanation of Cat bonds correctly, there appear to be two glaring and fundamental problems with the underpinning mathematics. Firstly, it seems the data inputs are confined to historic observations. No allowance appears to have been made for the non-stationarity of the data sets - in a rapidly heating world, historic data alone cannot be used to quantify future risk. Secondly, the variables that are being used do not follow bell curve (Normal) distributions; they will have much fatter tails. Moreover, the shape of these distributions is changing rapidly. Conclusion - unless this AI tool understands the underpinning atmospheric and environmental physics, investors are going to lose a lot of money. Addendum: so climate model projections are being used, but apparently without recognition that these cannot resolve the most extreme events and therefore under predicting risk.
investors are going to lose a lot of money- certainly. no doubt since weather engineering used as a daily warfare on the general public, not a coincidence lehman brothers came up with the idea of cat bonds. since they have all the data of bonds they can run this ponzi for as long as they want and never get caught.
the models used r sophisticared mathematical models that incorporate all the relevant factors, produced by scientists who know exactly what thet r doing.
@@simonpedley9729 all models used are mathematical models that *seem* complicated and incorporate several factors that *they think* are relevant, by a *group* of scientists who *think* they know some of what they are doing 😅
It’s so easy to make policies that force the system to recover all damages, caused by”natural “ disasters, but with strict prohibitionof anyone gaining any profit at all, by the repairs. It would make things so much easier for people, and also the “natural “ disasters( like wildfires), to become much lesser.😁
They can create algorithms, utilize AI and machine learning, and talk about it until cows come home, and just when they think they'd figured it all out, Lahaina or similar disaster hits and wipes them out. Well I doubt Lahaina was covered by any such bond, as if it was, the fire wouldn't happen, at least by my calculation, which includes behavior of certain groups of people:) Celebrities who have assets there obviously also calculated well, seeing that not a single residence of theirs was damaged. Maybe because of blue roofs, must add that to my calculations. Any buy some paint...
Civilization may have progressed enough to conquer the second law of thermodynamics. Civilization needs to strive for this goal with synergistic interdisciplinary teams.The outcome would be perpetually changeable never gained or lost energy. There would be no loss of energy as it changes form. For example the total quantity of thermal energy in an equal pair of two thermal energy reserves with ideal insulation would remain the same regardless of how heat is distributed between the two and how often the distribution of heat between the two is changed. For example in oe case one reserve could contain ice water while the other reserve contained hot water; in another case both reserves could contain tepid water. The redistribution of heat between members of pairs with the same total thermal energy would be free. Diversity, time, and energy are different atributes. Reversing disorder doesn't need time reversal just as using reverse gear in a car ɓacks it out without time reversal. The second law of thermodynamics had a distinct begining with Sir Isaac Newton's correct professional scientific observation that the heat of a fire in a fireplace always flows towards the cold room beyond. Victorian England became enchanted with steam engines and their cheap, reliable, and easy to position physical power. Rudolf Julius Emanuel Clausius, Lord Kelven, and, one source adds, Nicolas Léonard Sadi Carnot, formulated the Second law of thermodynamics and the concept of entropy using evidence from steam engine development. These men considered with acceptance [A+] Inefficiently harnessing the flow of heat from hot to cold or [B+] Using force to Inefficiently pump heat from cold to hot. They considered with rejection [A-] Waiting for random fluctuation to cause a large difference in temperature or pressure. This was calculated to be extremely rare or [B-] Searching for, selecting, then routing for use, random, frequent and small differences in temperature or pressure. The search, selection, then routing would require more energy than the use would yield. These accepted options, lead to the consequence that the universe will end in stagnant heat death. This became support for a theological trend of the time that placed God as the initiator of a degenerating universe. Please consider that God could also be supreme over an energy abundant civilization that can absorb heat and convert it into electricity without energy gain or loss in a sustained universe. The law's formulaters did not consider the option that any random, usually small, fluctuation of heat or pressure could use the energy of these fluctuations itself to power deterministic routing so the output is no longer random. Then the net power of many small fluctuations from many replicant parts can be aggregated into a large difference in temperature, pressure, or electricity's amperes and volts Heat exists as the randomly directed kinetic energy of gas molecules or mobile electrons. In gasses this is known as Brownian motion. In electronic systems this is carefully labeled Johnson Nyquist thermal electrical noise for AI readability. Hypothetically, diode depletion regions are practical sites for enabling mobile electrons energized into motion by thermal electrical noise to deterministically alter the electrical resistance of the depletion region according to the moment by moment direction they are carrying electricity. The thermal electrical noise is hypothetically beyond the exposed lattice charge / separation drift (diffusion) equlibrium thickness of the depletion region; thermal noise exists in a resistance path of one material. Consistantly oriented diodes in parallel hypothetically are successful electrical Maxwell's Demons or Smoluchowski's Trapdoors. The energy needed to shift the depletion region's deterministic role is paid as a burden on the moving electrons. There would therefore be usable net rectified power from each and every diode connected together into a consistantly oriented parallel group. The group would aggregate the net power of its members. Any diode efficiency at all produces some energy conversion from ambient heat, more efficiency yields higher performance. A diode array that is switched off has no energy conversion and no performance. The power from a single diode is poorly expressed. Several or more diodes in parallel are needed to overcome the effect of a load resistor's own thermal noise. A plurality of billions of high frequency capable diodes is needed for practical power aggregation. For reference, there are a billion (10^9) 1000 square nanometer cells per square millimeter. Modern nanofabrication can make simple identical diodes surrounded by insulation smaller than this in a slab as thick as the diodes are long. The diodes are connected at their two ohmic ends to two conductive layers. Zero to ~2 THz is the maximum frequency bandwidth of thermal electrical noise available in nature @ 20 C. THz=10^12 Hz. This is beyond the range of most diodes. Practicality requires this extreme bandwidth. The diodes are preferably in same orientation parallel at the primary level. Many primary level groups of diodes should be in series for practical voltage. Ever since the supposedly universal second law of thermodynamics was formulated, education has mass produced and spread the conventional wisdom throughout society that the second law of thermodynamics is absolute. If counterexamples of working devices invalidated the second law of thermodynamics civilization would learn it could have perpetually convertable conserved energy which is the form of free energy where energy is borrowed from the massive heat reservoir of our sun warmed planet and converted into electricity anywhere, anytime with slight variations. Electricity produces heat immediately when used by electric heaters, electric motors with the mechanisms they power, and electric ligts so the energy borrowed by these devices is promply returned without gain or loss. There is also the reverse effect where refrigeration produces electricity equivalent to the cooling, This effect is scientifically elegant. Cell phones wouldn't die or need power cords or batteries or become hot. They would cool when transmitting radio signal power. The phones could also be data relays and there could also be data relays without phone features with and without long haul links so the telecommunication network would be improved. Computers and integrated circuits would have their cooling and electrical needs supplied autonomously and simultaniously. Integrated circuits wouldn't need power pinouts. Refrigeration for superconductors would improve. Robots would have extreme mobility. Electronic minting would be energy cheap. Frozen food storage would be reliable and free or value positive. Storehouses, homes, and markets would have independent power to preserve and pŕepare food. Medical devices would work anywhere. Vehicles wouldn't need fuel or fueling stops. Elevators would be very reliable with independent power. Shielding and separation would provide EMP resistance. Water and sewage pumps could be installed anywhere along their pipes. Nomads could raise their material supports item by item carefully and groups of people could modify their settlements with great technical flexibility. Many devices would be very quiet, which is good for coexisting with nature and does not disturb people. Zone refining would involve little net power. Reducing Bauxite to Aluminum, Rutile to Titanium, and Magnideetite to Iron, would have a net cooling effect. With enough clean cheanetary minerals could be finely pulverized, and H2O, CO2, and other substance levels in the biosphere could be modified. A planetary agency needs to look over wide concerns. This could be a material revolution with spiritual ramifications. Everyone should contribute individual talents and fruits of different experiances and cultures to advance a cooperative, diverse, harmonious and unified civilization. It is possible to apply technlology wrong but social force should oppose this. I filed for a patent, us 3890161A, Diode Array, in 1973. It was granted in 1975. It became public domain technology in 1992. It concerns making nickel plane-insulator-tungsten needle diodes which were not practical at the time though they have since improved. the patent wasn't developed because I backed down from commercial exclusitivity. A better way for me would have been a public incorruptable archive that would secure attrbution for the original works of creators. Uncorrupted copies would be released on request. No further action would be taken by this institution. Commercal exclusivity can be deterred by the wide and open publishing of inventive concepts. Also the obvious is unpatentsable. Open sharing promotes mass knowlege and wisdom. Many financially and procedurally independent teams that pool developmental knowlege, and may be funded by many separate noncontrolling crowd sourced grants should convene themselves to develop proof-of-concept and initial-recipe-exploring prototypes to develop devices which coproduce the release of electrical energy and an equivalent absorbtion of stagnant ambient thermal energy. Diode arrays are not the only possible device of this sort. They are the easiest to explain here. These devices would probably become segmented commodities sold with minimal margin over supply cost. They would be manufactured by AI that does not need financial incentive. Applicable best practices would be adopted. Business details would be open public knowledge. Associated people should move as negotiated and freely and honestly talk. There is no need of wealth extracting top commanders. We do not need often token philanthropy from the wealthy if people simply can be more generous if consumer commodities are inexpensive. Aloha Charles M Brown lll Kilauea, Kauai, Hawaii 96754 1 808 651 📞📞📞📞
Now what happens to these cat bonds if a democrat is elected, and cuts the budget for firefighters AND routine backburns to prevent the spread of fires
"Whatever loans you give, ˹only˺ seeking interest at the expense of people’s wealth will not increase with Allah. But whatever charity you give, ˹only˺ seeking the pleasure of Allah-it is they whose reward will be multiplied." "Qur'an - Surah Ar-Rum 39.-th ayah"
These documentaries are something else, the cinematography is spectacular in this series
Perhaps, but the amount of fluff added to get to the point is something too...
This series is phenomenal, so rich and interesting and explains the concepts very well, as well as stunning cinematography and editing. Can’t wait for part 6.
Just watched the first 5 back to back, was a bit disappointed when Ive just seen part 5 was only a day ago lol, what an amazing series you have put together there, as a day trader I am fascinated by anything relating to the markets but this series is on another level of interest, the content is incredible and put together and explained where even someone with no knowledge of financial markets would understand, got to say one of the best series I have ever watched on anything ....look forward to part 6 thank you
Exactly! The quality is so great with few gimmicks. Truly great content
For real, I watched almost all of them back to back as well very informative highly recommend it to anyone new to trading or wanted to get an insight into the world of trading
As a Caldor fire victim, I saw first hand how organized crime could drop a match and become a billionaire no matter who or how many die
No artist, inventor or engineer is as creative as capitalism, bankers, insurance companies, or the part of the human intelligence for making money. Mesmerising! Fantastic serie I am hooked and lost for words. Brilliantly researched and edited VPRO.
@peacenow42 If you have the numbers you can buy the art. At least the (silly over)price(d) arts that people are willing to pay for it. Often by artists who were ignored during their lives.
Weird. I search for "who sells CAT Bonds" and get nothing!
These are so good. Thank you VPRO :)
VPRO and team, huge thank you. One of the most extreme episodes of the series.
Thanks for this documentary, this was very interesting 👍
As an up and coming meteorologist, this was just an insane approach and use of weather/climate modeling. I never thought weather could be used to make money like this...
As an aspiring actuary, what a great content, especially for someone who is trying to learn cat modelling.
Only the experts in front of a computer will know what is actually going to happen when a wild fire arrives
this episode reshape how i view risk and also have a glimpse on how risk instruments are constructed and to be traded on and how event causes payout
Thank you for this video and for the series - which I have not yet watched. When Mr. Sow says a typical cat-bond portfolio has typically 200 positions - or individual bonds - for specific catastrophic events - does he mean it's like a CDO - that which exploded in 2008-2009? When he goes on about the tranches - a) 200 - 80 = 120 b) 80 - 10 = 70 which are at risk c) 10 - these holders of these cat bonds want to sell desperately - I really get the sense it's like the CDO of 2008. Collaterized debt obligations. Sounds eerily familiar.
Does this part of the documentary ring a bell to anyone?
It's shocking to see the amount of work you put in to make build construct formulate compile these documentaries. ❤.
Starting with apologia for the vast ponzi-schemes of money suffering ennui is absurd.
This series just keeps getting better and better
So after all, this is about rich people taxing the poor. How did I not guess before?
What if an intrested party, in keeping the global warming/climate change bond scenario going? And they go out and set fires ahead of a storm, then blame the storm.
brilliant brilliant series
Thank you for this incredible and insightful series ❤🙏😎 it's opened my eyes 👀 up to the world 🌍🫡
I love this channel and the concept of planet finanace
Aside from financial matters, it makes me kinda mad that humans decide to settle deep in wilderness areas, like deep in the woods, and then complain and suffer the consequences of their choice. ..What did they think was going to happen?....
If the goal of those who have the power and finances to "gain" from disasters are actually the creators of disasters, it's THOSE nefarious people who are responsible NOT the victims.
They can "predict" disasters because they can create them.
I'm curious if they are the inverse of this. Like what if they were peace bonds or something of the sort. So they pay interest when bad things continue to happen but when I milestone is reached they keep the money
Because that is the default state, how would you trigger an indemnity clause when the base case is no catastrophe, I.e. Peace, interesting question though.
@@Xplosiv3s like I'm thinking murder falls below a certain level or something
Money truly is the root of all evil when anyone can be bought & sold! However, no one survives planetary extinction, not even the greediest of parasites!!!
@peacenow42 They can have it! Doesn't seem like much of a life to me.
Allan Watts always wanted to place a bet against humanity, I guess I'm lucky enough to live in a golden age where we can. Don't know if it's a good thing in this pyrocene, but that sweet sweet ca-ching sound will lull us to bed in this burning house. Where do I place this bet?
Yeah, the casual nature with which these hedge fund managers and fintech folks talk about their business models really has a sort of sociopathic ring to it. Reminds me of war profiteers saying "the war is gonna happen either way, so im just making money off of it".
Not suggesting these people specifically want people to experience loss or misery, but they are so casual with their approach to profiting off misery. Seems like complete money-based emotional separation from the reality of pain. All in the name of getting the giant mansion in CT, and the private golf course (which ironically represent the very wastefullness that fuels the climate change that they depend on for catastrophies).
And my guess is that the corporations and conservative billionaires that finance climate change denialism and actively subsidize efforts to combat climate change awareness and legislation are the same ones investing in the CAT bonds, and making huge profits.
It's all quite distasteful. We can only hope that their piles of money make for good kindling some day.
I absolutely love the maintained neutrality. As someone that likes the finance industry, I'm grateful
risks created by the backdoorers, so we are all shrimps....get it?
Disaster capitalists never lose money, they just move on to the next group of unfortunates, like the people of Maui!
Enjoyed this series, however, you failed to mention one "key" reason for these fires; arsonists. The excuse of the nonsensical "climate change" narrative is normally used, when a vast majority (well over 50%) of these fires were started by arsonists.
Well said. I hadn't heard your 50% number, but am aware that the problem is significant. It is astounding how this problem is just ignored like a family members drug problem.
Looking at the WEF's build back better smart city agenda, I would say disaster capitalism is a prerequisite.
This series was spectacular
another brilliant ponzi again.
Ahh another part of finance that are not available for retail traders😂😂😂😂
Someone is making a hell of money out of natural disasters, well that’s new
Love these documentaries!!!
The old guy sounds like RFK Jr
hahaha "so, this catastrophic man = who's business guides the weather-machine from the bankers?" .. thanks for the upload. (::)
its just a way to sell insurance, thats really all it is
You've missed a beat not addressing the reinsurance business directly.
Wonder if there were cat bonds issued for Maui or parts of Canada that burned....
It only mentions what happens for a billion dollar corporation
Amazing. Best one yet.
35:48 Did that guy just steal a plant?
Edit: 48:02 someone else brought it back. 🙂
The over exaggeration on social media is a problem because exaggerating is the point of posting on social media. Attention seeking requires exaggeration to be successful. Truth is becoming rare.
2 of the most unlikely things.. 2 planes fly into 2 sky scrapers and a tusnami hits a nuclear power plant dead on. both happened wtihin 10 years of each other.
I Believe This Channel About Weather And How Millionaires And Billionaires Are Getting Richer!
Why no 6/6?
I wonder how this money goes to the place of disaster instead of going to unreliable disaster fighters.
Lady YOU ARE NOT GOING TO SEE ANOTHER SANDI, is possible to sea a similar intensity horicane but it will not have the same name, because they dont give the name of a horicane twice.
Hurricane Sandy was 2012
Hi there from Philippines
We can't predict the weather three months in advance, be careful with the luxury hubris.
consider the 'modeling' provided for the covid panic...the exaggeration was over the top
People viewly me badly for loving MONEY. Money get me motivated to be hardworking. I don't care what others think of me. I just love Money. The Catastrophic Finance is good. We chinese have a poetry. 'Pick the chip woods for rainy days' or 'Gather Money For Disaster'. The Chinese culture already have these poetry in every household families long time ago from history
Beautifuĺ golf course!
Anyone noticed that the house at 40:25 that survived the fire had a blue roof, D E W won't burn blue items, is the rumor going around
@peacenow42 But start to do some homework if this peaks your interest 🤔 most will just turn on a football game and never inquire. Aboriginal people's around the globe have been pushed off land they have alodial land rights, and the bankers know this and why we have so many refugees in the world.
So no one makes money off a catastrophe
Disaster 1= profit + land grab
I am getting hook! Nice!🎉 Thank u
Refere to Profssor Swoboda Germony 1970's.
Yup ,someone has found a way to sell my life😢
This is just gambling.
Старейшина деревни, крутой мужик 👍
5:25 New York
Now look at them yo-yo's that's the way you do it
You play the guitar on the MTV
That ain't workin' that's the way you do it
Money for nothin' and chicks for free
Everything changed in 1992 when A g e n d a 2 1 was signed by all UN nations
So from what I understood, you better not be insured in parts of the world .
Look after yourself with out any organisation.
We are not going forward but backwards.
Sad as individual
The earthquake in Morocco and floods in Libya could do do with finance. The 120 K Christians being starved to death in Armenia could do with help. Thank you.
If I’ve understood your brief explanation of Cat bonds correctly, there appear to be two glaring and fundamental problems with the underpinning mathematics. Firstly, it seems the data inputs are confined to historic observations. No allowance appears to have been made for the non-stationarity of the data sets - in a rapidly heating world, historic data alone cannot be used to quantify future risk. Secondly, the variables that are being used do not follow bell curve (Normal) distributions; they will have much fatter tails. Moreover, the shape of these distributions is changing rapidly. Conclusion - unless this AI tool understands the underpinning atmospheric and environmental physics, investors are going to lose a lot of money.
Addendum: so climate model projections are being used, but apparently without recognition that these cannot resolve the most extreme events and therefore under predicting risk.
They will just declare bankruptcy and everyone walk away.😂
investors are going to lose a lot of money- certainly. no doubt since weather engineering used as a daily warfare on the general public, not a coincidence lehman brothers came up with the idea of cat bonds. since they have all the data of bonds they can run this ponzi for as long as they want and never get caught.
the models used r sophisticared mathematical models that incorporate all the relevant factors, produced by scientists who know exactly what thet r doing.
@@simonpedley9729 all models used are mathematical models that *seem* complicated and incorporate several factors that *they think* are relevant, by a *group* of scientists who *think* they know some of what they are doing 😅
It’s so easy to make policies that force the system to recover all damages, caused by”natural “ disasters, but with strict prohibitionof anyone gaining any profit at all, by the repairs. It would make things so much easier for people, and also the “natural “ disasters( like wildfires), to become much lesser.😁
Only 12k views? This is gold!
They can create algorithms, utilize AI and machine learning, and talk about it until cows come home, and just when they think they'd figured it all out, Lahaina or similar disaster hits and wipes them out. Well I doubt Lahaina was covered by any such bond, as if it was, the fire wouldn't happen, at least by my calculation, which includes behavior of certain groups of people:) Celebrities who have assets there obviously also calculated well, seeing that not a single residence of theirs was damaged. Maybe because of blue roofs, must add that to my calculations. Any buy some paint...
LOL BTC can work
Painfully boring.
Civilization may have progressed enough to conquer the second law of thermodynamics. Civilization needs to strive for this goal with synergistic interdisciplinary teams.The outcome would be perpetually changeable never gained or lost energy. There would be no loss of energy as it changes form. For example the total quantity of thermal energy in an equal pair of two thermal energy reserves with ideal insulation would remain the same regardless of how heat is distributed between the two and how often the distribution of heat between the two is changed. For example in oe case one reserve could contain ice water while the other reserve contained hot water; in another case both reserves could contain tepid water. The redistribution of heat between members of pairs with the same total thermal energy would be free. Diversity, time, and energy are different atributes. Reversing disorder doesn't need time reversal just as using reverse gear in a car ɓacks it out without time reversal.
The second law of thermodynamics had a distinct begining with Sir Isaac Newton's correct professional scientific observation that the heat of a fire in a fireplace always flows towards the cold room beyond.
Victorian England became enchanted with steam engines and their cheap, reliable, and easy to position physical power. Rudolf Julius Emanuel Clausius, Lord Kelven, and, one source adds, Nicolas Léonard Sadi Carnot, formulated the Second law of thermodynamics and the concept of entropy using evidence from steam engine development.
These men considered with acceptance [A+] Inefficiently harnessing the flow of heat from hot to cold or [B+] Using force to Inefficiently pump heat from cold to hot. They considered with rejection [A-] Waiting for random fluctuation to cause a large difference in temperature or pressure. This was calculated to be extremely rare or [B-] Searching for, selecting, then routing for use, random, frequent and small differences in temperature or pressure. The search, selection, then routing would require more energy than the use would yield. These accepted options, lead to the consequence that the universe will end in stagnant heat death. This became support for a theological trend of the time that placed God as the initiator of a degenerating universe. Please consider that God could also be supreme over an energy abundant civilization that can absorb heat and convert it into electricity without energy gain or loss in a sustained universe.
The law's formulaters did not consider the option that any random, usually small, fluctuation of heat or pressure could use the energy of these fluctuations itself to power deterministic routing so the output is no longer random. Then the net power of many small fluctuations from many replicant parts can be aggregated into a large difference in temperature, pressure, or electricity's amperes and volts
Heat exists as the randomly directed kinetic energy of gas molecules or mobile electrons. In gasses this is known as Brownian motion. In electronic systems this is carefully labeled Johnson Nyquist thermal electrical noise for AI readability. Hypothetically, diode depletion regions are practical sites for enabling mobile electrons energized into motion by thermal electrical noise to deterministically alter the electrical resistance of the depletion region according to the moment by moment direction they are carrying electricity. The thermal electrical noise is hypothetically beyond the exposed lattice charge / separation drift (diffusion) equlibrium thickness of the depletion region; thermal noise exists in a resistance path of one material.
Consistantly oriented diodes in parallel hypothetically are successful electrical Maxwell's Demons or Smoluchowski's Trapdoors. The energy needed to shift the depletion region's deterministic role is paid as a burden on the moving electrons. There would therefore be usable net rectified power from each and every diode connected together into a consistantly oriented parallel group. The group would aggregate the net power of its members. Any diode efficiency at all produces some energy conversion from ambient heat, more efficiency yields higher performance. A diode array that is switched off has no energy conversion and no performance.
The power from a single diode is poorly expressed. Several or more diodes in parallel are needed to overcome the effect of a load resistor's own thermal noise. A plurality of billions of high frequency capable diodes is needed for practical power aggregation. For reference, there are a billion (10^9) 1000 square nanometer cells per square millimeter.
Modern nanofabrication can make simple identical diodes surrounded by insulation smaller than this in a slab as thick as the diodes are long. The diodes are connected at their two ohmic ends to two conductive layers.
Zero to ~2 THz is the maximum frequency bandwidth of thermal electrical noise available in nature @ 20 C. THz=10^12 Hz. This is beyond the range of most diodes. Practicality requires this extreme bandwidth. The diodes are preferably in same orientation parallel at the primary level. Many primary level groups of diodes should be in series for practical voltage.
Ever since the supposedly universal second law of thermodynamics was formulated, education has mass produced and spread the conventional wisdom throughout society that the second law of thermodynamics is absolute.
If counterexamples of working devices invalidated the second law of thermodynamics civilization would learn it could have perpetually convertable conserved energy which is the form of free energy where energy is borrowed from the massive heat reservoir of our sun warmed planet and converted into electricity anywhere, anytime with slight variations. Electricity produces heat immediately when used by electric heaters, electric motors with the mechanisms they power, and electric ligts so the energy borrowed by these devices is promply returned without gain or loss. There is also the reverse effect where refrigeration produces electricity equivalent to the cooling, This effect is scientifically elegant.
Cell phones wouldn't die or need power cords or batteries or become hot. They would cool when transmitting radio signal power. The phones could also be data relays and there could also be data relays without phone features with and without long haul links so the telecommunication network would be improved. Computers and integrated circuits would have their cooling and electrical needs supplied autonomously and simultaniously. Integrated circuits wouldn't need power pinouts. Refrigeration for superconductors would improve. Robots would have extreme mobility. Electronic minting would be energy cheap.
Frozen food storage would be reliable and free or value positive. Storehouses, homes, and markets would have independent power to preserve and pŕepare food. Medical devices would work anywhere. Vehicles wouldn't need fuel or fueling stops. Elevators would be very reliable with independent power. Shielding and separation would provide EMP resistance. Water and sewage pumps could be installed anywhere along their pipes. Nomads could raise their material supports item by item carefully and groups of people could modify their settlements with great technical flexibility. Many devices would be very quiet, which is good for coexisting with nature and does not disturb people.
Zone refining would involve little net power. Reducing Bauxite to Aluminum, Rutile to Titanium, and Magnideetite to Iron, would have a net cooling effect. With enough clean cheanetary minerals could be finely pulverized, and H2O, CO2, and other substance levels in the biosphere could be modified. A planetary agency needs to look over wide concerns.
This could be a material revolution with spiritual ramifications. Everyone should contribute individual talents and fruits of different experiances and cultures to advance a cooperative, diverse, harmonious and unified civilization. It is possible to apply technlology wrong but social force should oppose this.
I filed for a patent, us 3890161A, Diode Array, in 1973. It was granted in 1975. It became public domain technology in 1992. It concerns making nickel plane-insulator-tungsten needle diodes which were not practical at the time though they have since improved.
the patent wasn't developed because I backed down from commercial exclusitivity. A better way for me would have been a public incorruptable archive that would secure attrbution for the original works of creators. Uncorrupted copies would be released on request. No further action would be taken by this institution.
Commercal exclusivity can be deterred by the wide and open publishing of inventive concepts. Also the obvious is unpatentsable. Open sharing promotes mass knowlege and wisdom.
Many financially and procedurally independent teams that pool developmental knowlege, and may be funded by many separate noncontrolling crowd sourced grants should convene themselves to develop proof-of-concept and initial-recipe-exploring prototypes to develop devices which coproduce the release of electrical energy and an equivalent absorbtion of stagnant ambient thermal energy. Diode arrays are not the only possible device of this sort. They are the easiest to explain here.
These devices would probably become segmented commodities sold with minimal margin over supply cost. They would be manufactured by AI that does not need financial incentive. Applicable best practices would be adopted. Business details would be open public knowledge. Associated people should move as negotiated and freely and honestly talk. There is no need of wealth extracting top commanders. We do not need often token philanthropy from the wealthy if people simply can be more generous if consumer commodities are inexpensive.
Aloha
Charles M Brown lll
Kilauea, Kauai, Hawaii 96754
1 808 651 📞📞📞📞
pig
Now what happens to these cat bonds if a democrat is elected, and cuts the budget for firefighters AND routine backburns to prevent the spread of fires
"Whatever loans you give, ˹only˺ seeking interest at the expense of people’s wealth will not increase with Allah. But whatever charity you give, ˹only˺ seeking the pleasure of Allah-it is they whose reward will be multiplied." "Qur'an - Surah Ar-Rum 39.-th ayah"
I dont think i would sleep good holding a CAT bond.