BC ECONOMY
Saved by @Alex1Powell

@tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 1/ x Cc @DuncanChapple Long intake of breath as I realise I have recently started the wrong MSc....
@aj66inuk and I have been discussing that whilst the world has changed, some things have not. #Sabotage is an outdated concept unless you think that Cyber is an extension..

 @guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 2/x an extension of what our former Cold War adversaries were trying to do to us. In 1982 Duncan Campbell spelled out where adversaries would try to attack us. But with Glasnost this became unfashionable and apparently unaffordable.
https://t.co/CLLiVxTbXW
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 3/X Defector information in the public domain gave us some insights was to what the Warsaw Pact threat to our CNI might look like. Discussions with former adversaries, now Polish, (East) German and Czech allies wld be informative here.
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 4/X Believing there is a credible threat has always been our challenge here in UK. Understanding how a nation state adversary would come at us would be the next step.
It will be persistent, an adversary like the GRU will have been analysing our CNI for over 70 years
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 5/x They will have formed physical and logical plans to attack us. It some cases they may know our assets and our vulnerabilities better than we do. CARVER Shock is an old-school tool that gives an idea how they will come after us. You can apply it....
https://t.co/RIo3UjPghU
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 6 / x ... at a national level, or at a tactical level to look at a single system or site. Dont forget a nation state try to make a Sabotage attack look, deniable: like an accident, or script kiddies or organised crime
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk 7/x One you have believed in and understood the threat, then you can look back from the defender's perspective and look at where you may be vulnerable.
Thats where the BIA begins. @TheBCEye is a great place to start.
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye 8/ X Withdrawn some years back CESG's business impact level tables (long withdrawn) would be a great place to start to identify your assets. Thanks to @DegaussersEU for keeping them on-line here https://t.co/tR6zLZjWhO
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU 9/x Not only is your threat dynamic, so is your infrastructure and your business needs. For instance our pharma supply chain will be more important in 2021 than it was in 2019 and needs to be reviewed accordingly. Little of UK's CNI sits inside government....the secret sauce
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU 10/10 the secret sauce is being able to recognise the needs of business AND the needs of the nation and show where they can overlap. Applying BS11000 / ISO 44001 would be the ideal way of working together https://t.co/6w1neRDavz
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU 11/ X A final reflective point. At 6/X above I mention that in order to obfuscate attribution in this #GreyZone , a professional saboteur will try to disguise their attack to look like an accidental or criminal criminal act...... 12/ X
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU 12/ X As opposed to looking at a single risk, our protection philosophy was based on helping CNI protect against a broad range of threats:- "Disruptive Challenges" as per para 1.5 of Dealing with Disaster, from CCS in @cabinetofficeuk 3rd edition here:
https://t.co/8dFM1dzT7k
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU @cabinetofficeuk 13/ X Taking this broad risk approach allowed us to demonstrate alignment with Integrated Contingency Planning and Integrated Emergency Management.

Some may remember the great storms of 1987..... ?
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU @cabinetofficeuk 14/ X The only East Coast port that continued to operate throughout and after those storms in 1987 was the one that have invested in our #Resilience recommendations in advance. They recovered their investment in days, matched their 1986 profit in weeks!

https://t.co/mZbrUcgjlv
@guyyeomans @tazwake @DanielGDresner @ciaranmartinoxf @Tob1Leron @TheEPS1 @DuncanChapple @aj66inuk @TheBCEye @DegaussersEU @cabinetofficeuk // the one that HAD invested....

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pete wolfendale
pete wolfendale
@deontologistics
I’m beginning to think that the left has been too obsessed with GDP as a broken economic metric governing the global shitshow, when inflation is more insidious. Deflation may be a more radical demand than degrowth. Burst bubbles. Deflate the price of fossil fuel infrastructure.

It’s amazing just how much political economy is still determined by the threat of stagflation. This has created a weird metonymy in which as long as you’re fight inflation (preserving the interests of (older) savers) you’re also fighting stagnation (supporting (younger) earners).

To some extent the residual fear of deflationary spirals lies behind this, waiting in the wings for any suggestion that stagnation must be fought with deflation. This is entirely understandable, as uncontrolled deflation hits the poorest hardest.

The assumption that conjoins these fears into an engine of unbridled economic stagnation is that there’s a unitary market effectively mediating between the markets in different sectors, be this unity micro-economic or macro-economic in flavour. But this just isn’t how it works.

There is so much more logistic friction in the price system than the popular story of just in time production suggests, not least in the concrete details of differentiated trade between economic actors from local businesses to nation states.
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Moses Kagan
Moses Kagan
@moseskagan
1/ How to raise a real estate fund (and, ideally, avoid getting sued)

Have warned everyone it’s better to raise capital deal-by-deal, bc it’s easier to raise & bc it's better for the sponsor. Still, there’s interest in learning how to do a fund… so, here goes.

2/ Don’t think of doing this unless you have a record of successful deals, ideally mostly/all in the same asset class / strategy.

Remember: You will be asking LPs to invest in YOU; they need to feel like you know what you’re doing.

3/ Really helps to have a list of prospective LPs BEFORE you start your raise. The more high-quality leads you have, the more likely you are to succeed. (I built my list via my blog initially; now twitter leads predominate - see my bio.)

4/ Find an experienced attorney. Doesn’t need to be a huge, expensive firm, but you want someone who has done a lot of private offerings before. Don’t agree to a big fee yet… at first, you just want a few hrs of her time for advice.

5/ Find an experienced CPA. Ideally, your existing CPA has worked on a lot of private deals before. If not, get a new one. Prospective LPs need confidence that someone good is overseeing the bookkeeping and doing the tax prep.
ECONOMY
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Patrick Chovanec
Patrick Chovanec
@prchovanec
Inflation is always and everywhere a monetary phenomenon RELATIVE to real economic activity. This last part is key.

Also, measuring “the money supply” is a tricky thing, because it lives and breathes with the economy.
ECONOMY
jerry
jerry
@ThinkingLSD
Let's discuss how little you actually understand about economics and energy.

The first thing to understand is that energy is not globally fungible. Electricity decays as it leaves its point of origin; it’s expensive to transport. There is a huge excess (hydro) in many areas.


In other words, it can also be variable. It's estimated that in Sichuan there is twice as much electricity produced as is needed during the rainy season. Indeed, there is seasonality to how Bitcoin mining works. You can see here:

Bitcoin EXPORTS energy in this scenario. Fun fact, most industrial nations would steer this excess capacity towards refining aluminum by melting bauxite ore, which is very energy intensive.

You wouldn't argue that we are producing *too much* electricity from renewables, right?

"But what about the carbon footprint! ITS HUGE!"

Many previous estimates have quite faulty methods and don't take into account the actual energy sources. Is it fair to put a GHG equivalent on hydro or solar power? That would seem a bit disingenuous, no?

Well that's exactly what some have done.
ECONOMY
Kanekoa
Kanekoa
@KanekoaTheGreat
1/ In @RayDalio's perspective, we are at the very late stages of the long term debt cycle. These long term debt cycles typically take 50-75 years to play out. This cycle began in 1945 when World War II ended and we began the US dollar-dominated world order.


2/ In the words of @RayDalio, "Right now, the world’s major central banks have the least fuel in their tanks since the late 1930s so are now in the later stages of the long-term debt cycle. Because they come along about once in a lifetime most people aren’t aware of them."


3/ Central banks have spent the last decade in a race to see who could devalue their currency the fastest. Near 0% interest rates have meant increased printing of the dollar, euro, and yen. Central banks no longer have the ability to tighten credit so they print money.


4/ Being towards the later stages of the long-term debt cycle there is a global sovereign debt bubble similar to what we saw in the 20's & 30's. In 2019, global debt-to-gdp hit 322% with total debt reaching a new all-time high of $253 Trillion.


5/ The wealth gap has also expanded to levels last seen in the 30's. Historically, inequality and large wealth gaps have eventually led to dire consequences. Periods of conflict and social unrest often marked by taxes, revolutions, or wars.
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Justin Jackson
Justin Jackson
@mijustin
A lot of bootstrappers think they have a marketing problem:

"I need to get better at marketing."

But, it's more likely that you have a product problem:

"Do customers really want this? Do they care enough about this to switch to a new solution?"

☝️ this is why most of my book, @marketingdevs, is about:

1. Choosing the right market
2. Building something they want

"If your product is remarkable, getting noticed is a lot easier." – @peldi


I was reminded of this concept again this morning while reading @pjrvs' book (Company of One):

"Sales increase when you honestly evaluate what someone needs and then teach them the value of what you're selling."


To succeed, your product has to offer an outcome that is highly desirable to a large group of customers.

The number of sales your product receives is a multiple of these two variables:

1. How big is the target market?
2. How desirable is the outcome you're offering them?
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STEALTH JEFF
STEALTH JEFF
@drawandstrike
Andy McCabe has some explaining to do.


Andrew McCabe was reported to the FBI’s Office of Public Affairs for making an unauthorized leak of classified info to the media about @GenFlynn in early February 2017.

If you’ve wondered exactly who it was who leaked the classified info from that intelligence report on @GenFlynn’s phone calls with then-Russian ambassador Kislyak to the media, you are right now seeing a huge honking clue who it was.

To those responding to this info by sneering "Nothing's gonna happen":

Up.

Your.

Game.

You just might be too stupid to be following me.

The then-Deputy Director of the FBI get's caught targeting @GenFlynn with an illegal leak so he can 'investigated' by Peter Strzok?

Now that we know it was McCabe who set up Flynn for a fake 'perjury' investigation by his pet attack dog, Peter Strzok, the next name that's going to surface is...Joseph Pientka.
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Naval
Naval
@naval
How to Get Rich (without getting lucky):

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
LIFE , STARTUPS , NAVAL1
Elizabeth May
Elizabeth May
@_ElizabethMay
This is NONSENSE. The people who take photos with their books on instagram are known to be voracious readers who graciously take time to review books and recommend them to their followers. Part of their medium is to take elaborate, beautiful photos of books. Die mad, Guardian.


THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN


If you come for Bookstagram, i will fight you.

In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
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