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RealRLD
@rld_real_CPR 5 years, 7 months ago 628 views

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Financial Crisis (1667) avoided by Charles II, via London Goldsmiths' Loans https://t.co/UxtABIpH2n via @old_currency_ex

Coining and Debasement in Henry's Reign https://t.co/bGitKkj7wl via @wordpressdotcom

When Henry VIII and Francis I Spent $19 Million on an 18-Day Party https://t.co/o1dfDKAVQ1

England's Unwanted Reformation https://t.co/n1a0u1DzNB via @YouTube

Unusual Historicals: Money Matters: The Country Without a Currency https://t.co/gGGHOFG9rk

MANASSEH BEN ISRAEL - https://t.co/9ExP1vaOAT https://t.co/pskCve5Mh1 via @JewEncyclopedia

https://t.co/xT4QwSMa8l This article is a good Timeline, the anti semitic spin is easily debunked, See Jean Lo (John Law )

https://t.co/E8etNOpZSW
John Law (baptised 21 April 1671 – 21 March 1729) was a Scottish economist who distinguished money, a means of exchange, from national wealth dependent on trade.

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#OldCopperNose

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Difference Between Lutheranism and Calvinism https://t.co/nRUiYDdivZ

https://t.co/awgBtZed0M #RePEc via @stlouisfed

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Following Peace of Augsburg, official religion of a territory was determined by "cuius regio, eius religio" The Peace of Westphalia abrogated that principle religion was to be what it had been on 1 January 1624, considered a "normal year".
#NewNormal

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Does Liberalism Have Its Roots in the Illiberal Upheavals of the English Reformation? via @thenation https://t.co/F2ssD57HaN

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@threadreaderapp unroll

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RealRLD
@rld_real_CPR

https://t.co/tGxQi7Rb8z
ONE FLU OVER THE CUCKOOS NEST. BORIS AND MATTS’ ECONOMY WITH THE ACTUALITE. NHS SPIN RUNNING ON LEAN #COVIDSTROIKA #WHATHAPPENEDTOFLU WHERE DID ALL THE BEDS GO? #EUROMOMO

RealRLD
@rld_real_CPR

https://t.co/zndfQwFV4A
#ConquestofDough #CovidPurpose
Are we looking for a solution?

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RealRLD
@rld_real_CPR

@jbhearn @scientificecon @JoeBlob20 @financialeyes @Lloyd__Evans @wiki_ballot @GrubStreetJorno
#CovidStroika #CovidPurpose #GreatReset #GFC11
https://t.co/gUb9OX7AdL https://t.co/qqXCutbKK1

https://t.co/3D4TpmeXZr #CovidStroika @jbhearn @scientificecon @JoeBlob20 @financialeyes @Lloyd__Evans @wiki_ballot @GrubStreetJorno

Night has fallen only for those who have let themselves fall into the night. For
those who are living, [says Heraclitus], "helios neos eph’hemerei estin"– the sun is
new each day.

"in effect, all business sagacity reduces itself in the last analysis to judicious use of sabotage."
Veblen (1917) An Inquiry .. Nature of Peace, &.. Perpetuation, p. 168
#CovidStroika @jbhearn @scientificecon @JoeBlob20 @financialeyes @Lloyd__Evans @wiki_ballot @GrubStreetJorno

https://t.co/OtstKx9heK #CovidStroika
@jbhearn @scientificecon @JoeBlob20 @financialeyes @Lloyd__Evans @wiki_ballot @GrubStreetJorno JOURNAL OF INTEGRAL THEORY AND PRACTICE. NOTES FOR CONTEXTUAL SEARCH ENGINE OFFERING INTEGRAL FRAMEWORK PERSPECTIVES. GRUB STREET JOURNAL NOTE 1.

RealRLD
@rld_real_CPR

https://t.co/4URpPnni05 @scientificecon @jbhearn @wesfree @financialeyes @JoeBlob20 @GrubStreetJorno @wiki_ballot @Pathos14658352
The Road to 2021 Thread.

https://t.co/dSznB4Wg46
@scientificecon @jbhearn @wesfree @financialeyes @JoeBlob20 @GrubStreetJorno @wiki_ballot @Pathos14658352

https://t.co/GvExaHUoqS
@scientificecon @jbhearn @wesfree @financialeyes @JoeBlob20 @GrubStreetJorno @wiki_ballot @Pathos14658352

https://t.co/RS3RcYEgsH
@scientificecon @jbhearn @wesfree @financialeyes @JoeBlob20 @GrubStreetJorno @wiki_ballot @Pathos14658352

https://t.co/Z8vYbaC5Cu
@scientificecon @jbhearn @wesfree @financialeyes @JoeBlob20 @GrubStreetJorno @wiki_ballot @Pathos14658352

RealRLD
@rld_real_CPR

#PeakBlogging2011 ) years ago and this Groundhog post from @DavidGolemXIV @scientificecon @jbhearn @DavidGolemXIV @financialeyes @JoeBlob20 @wiki_ballot @GrubStreetJorno @Pathos14658352 @Lloyd__Evans There is no #CovidCrisis #ClimateCrisis
#GFCPt2
https://t.co/QGutbtW0Ev https://t.co/AwvmN9AWqu

https://t.co/XBaqI4O7X8 @RNW_MITCHELL

Are you all ready for the Final Chapter - The Ending ? https://t.co/uF5HXRMPQp
— NEIL MITCHELL (@RNW_MITCHELL) December 22, 2020

RBS: The Hillsborough of British Business

https://t.co/9F89jQDZV6 #SpankTheBanker

https://t.co/bOAwzaKCEM

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Kalu Aja
@FinPlanKaluAja1

Why are states in Nigeria not paid their share of the oil and gas earnings in the currency it was earned in, i.e., the United States Dollars (USD)?

Crude oil in Nigeria is owned by the Federation — the Federal, State, & Local Govt. Shared as follows: 13% is deducted & paid to the oil and gas producing States; next, the Federal Government (FGN) gets 52.68%; the States get 26.72%, & the Local Governments get 20.60%.

When Nigerian crude oil is sold, the proceeds are in USD and get paid to the NNPC/CBN/JPMorgan Account in the US. The Oil taxes, e.g., Petroleum Profit taxes, are also in USD and are collected by the Federal Inland Revenue Service and paid to the Central Bank of Nigeria (CBN

The same thing applies to the royalty bonus collected by the Department of Petroleum Resources (DPR) and paid to the CBN. The CBN then converts the USD sales proceeds to Naira.

The CBN and Ministry of Finance then fund Federal agencies like NEMA and the Consolidated Revenue Fund in Naira, even the 13% derivation is paid in Naira. In other words, while the CBN retains the USD, the Federal, States, and LGAs get Naira

Orwell & Goode
@OrwellNGoode

This year has been quite something.

But let's try to pick some of the most clownish stories this year had to offer.

Here's to 2020's end of year thread 1/50

Have you got a license for that opinion?

2/50

At least academics remain the same.

3/50

And Sweden didn't change

4/50

Don't have much to say about this one

5/50

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Bayo Adeyinka
@greaterbayo

Travelogue: Ibadan-Hills, Bottoms, Masquerades & Research

More than 15 years ago, I met an Italian who had lodged at KS Motel at Total Gardens, Ibadan.

He was in Ibadan for the first time and he was very fascinated with the city when I informed him that Rome and Ibadan shared a very unique similarity: both of them are built on seven hills. He asked me to take him round Ibadan which I did.

The seven hills are Oke Padre, Oke Ado, Oke Bola, Oke Mapo, Oke Are, Oke Sapati and Oke Mokola. But Ibadan is not just a city of hills. It is also a city of 'bottoms'. Loosely translated, 'idi' means bottom or the backside.

Several people have attached sexual innuendoes to the names. However, the actual translation indicates that some of the 'idis' indicate how the settlers converged at a point thereby leading to how they arrived at the names given.

Go round the city and you can locate Idi-Arere, Idi-Ose, Idi-Ishin, Idi-Ape, Idi-Ayunre, Idi-Obi and Idi-Ito.

Chris Hladczuk
@chrishlad

I devoured 50 years of Warren Buffett shareholder letters.

The result?

12 timeless principles from the greatest investor in the world.

Here are the golden nuggets🧵

The Orangutan Effect

"If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will exit thinking more clearly yourself."

Teaching others actually teaches yourself.

2022

The Faulty Premise Framework

“A horse that can count to ten is a remarkable horse - not a remarkable mathematician.”

Beware your comparison set.

Are you judging crappy relative performance or absolute results?

1985

Pick the Right Business Boat

The business boat you get into is more important than how effectively you row.

“When a brilliant management team tackles a business with a reputation for poor fundamental economics, the reputation of the business usually stays intact.”

1985

A Rising Tide Doesn't Lift All Bonuses

"Good performance should be rewarded whether Berkshire stock rises or falls.
Average performance should earn no special rewards even if our stock soars."

Judge for individual performance or risk free riding on group success.

1986

Thomas Chua
@SteadyCompound

Terry Smith is often referred to as "the English Warren Buffett".

He runs Fundsmith which has a fund size of £27.9bn.

Despite the size, Fundsmith did a CAGR of 18.4%.

In his book Investing for Growth, he explains his investing philosophy.

Here's a breakdown:

1. Fundsmith's winning formula

Find companies that focus on delivering value.

Not those who are looking to pacify Wall Street with short-term results.

2. Avoiding "cheap" companies?

Low multiples are not a reason to buy a company.

A ship will continue to sink if it has a hole in it.

"A stock may have a low valuation but an even lower intrinsic value. Buying such a stock is not a recipe for investment success."

3. Getting quality right

For long-term investors, getting the quality of the business is more important than the valuation.

“An investor could have paid 281 times earnings for L’Oréal, 156 times for Colgate, and 147 times for Brown-Forman and still beat the market.”

4. "Unprofitable" companies could be good investments

Many of the best companies don't show earnings today.

But that's because they're heavily reinvesting for the future.

It's just that the earnings hasn't show up.

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Max Fagin
@MaxFagin

November is here, and that means a massive shift is coming. And by "massive" I am of course referring to the redefinition of the kilogram unit of mass that the world has been building up to for more than 100 years. Let me explain:

1/ I've had an unhealthy fascination with metrology (the study of measurement) ever since my 2nd year as a physics major when I took a class devoted to duplicating historic physics experiments, so please indulge me for going into heavy detail (get it?) about the kilogram.

2/ So what actually *defines* a unit of measurement? If you're American, you probably know a mile is 5280 feet and a foot is 12 inches and an inch is 2.54 centimeters etc. But where does this chain of definitions end? Is it turtles all the way down?

3/ It's actually not! For all units (even the imperial units used in America) the answers all end with the Système International (SI) unit definitions established and maintained for over 100 years by the Bureau International des Poids et Mesures (BIMP) in France.

4/ At the base of this tower are the SI base units. Just 7 SI base units define every other unit in existence. They are:

Kilogram, kg (mass)
Meter, m (distance)
Second, s (time)
Kelvin, K (temp)
Ampere, A (electric current)
Candela, cd (luminous intensity)
Mole, mol (quantity)

EverythingOppresses
@SoOppressed

The first area to focus on is diversity. This has become a dogma in the tech world, and despite the fact that tech is one of the most meritocratic industries in the world, there are constant efforts to promote diversity at the expense of fairness, merit and competency. Examples:

USC's Interactive Media & Games Division cancels all-star panel that included top-tier game developers who were invited to share their experiences with students. Why? Because there were no women on the

ElectronConf is a conf which chooses presenters based on blind auditions; the identity, gender, and race of the speaker is not known to the selection team. The results of that merit-based approach was an all-male panel. So they cancelled the conference.

Apple's head of diversity (a black woman) got in trouble for promoting a vision of diversity that is at odds with contemporary progressive dogma. (She left the company shortly after this

Also in the name of diversity, there is unabashed discrimination against men (especially white men) in tech, in both hiring policies and in other arenas. One such example is this, a developer workshop that specifically excluded men: https://t.co/N0SkH4hR35

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Anu Satheesh
@AnuSatheesh5

Thiruvairanikulam Mahadeva Temple
Ernakulam Kerala🚩
#temples

Temple is known as Sabarimala of Women

Thiruvairanikulam Mahadeva Temple is situated on the banks of the Periyar River. Siva Temple has a separate sannidhi for Parvathi Devi which will be open only for 12 days a year

The Nadathurappu Mahothsavam happens every year on Malayalam month of Dhanu. On opening day, a grand procession starting from Akavoor Mana carries the ornaments of Devi to the temple. Swayamvara Archana is the main pooja here to clear the obstacle in marriages.
Legend is that 👇

Vigraham existed in another place called Iranikulam. A Namboodiri of Sreemoolanagaram used to visit the Iranikulam temple regularly. Akavoor Chathan, a boatman will take him to the Iranikulam temple and back. Because of Bhakthi of Namboodiri, Shiva traveled with him to his place.

Akavoor Chathan identified Siva chaitanyam and their family built a temple here. Parvati devi herself will cook Nevidyam here for Shiva, which was witnessed by a priest. Devi was angry at this and decided to leave the place. But when the priest offered his sincere apology👇

Devi blessed him and told that she will be present here 12 days in a year. Thus the period which begins from Thiruvathirai Day in Dhanu is known as the Nadathurappu festival.
Temple Nada opens today night.
Picture credit: Google.
🙏🕉🙏

Chris Herd
@chris_herd

I've spoken to 1,500+ people about remote work in the last 9 months

A few predictions of what is likely to emerge before 2030

[ a thread ] 💻🏠🌍

🚜 Rural Living: World-class people will move to smaller cities, have a lower cost of living & higher quality of life

These regions must innovate quickly to attract that wealth. Better schools, faster internet connections are a must

⏰Asynchronous Work: Offices are instantaneous gratification distraction factories where synchronous work makes it impossible to get stuff done

Tools that enable asynchronous work are the most important thing globally remote teams need. A lot of startups will try to tackle this

⚽️Hobbie Renaissance: Remote working will lead to a rise in people participating in hobbies and activities which link them to people in their local community

This will lead to deeper, more meaningful relationships which overcome societal issues of loneliness and issolation

🌍Diversity & Inclusion: The most diverse and inclusive teams in history will emerge rapidly

Companies who embrace it have a first-mover advantage to attract great talent globally. Companies who don't will lose their best people to their biggest competitors

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श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89

#Thread
Lessor known facts of Sudarshan Chakra or Neela Chakra of Puri Jagannath Temple.

The metal wheel at the top of Bhagwan Jagannath temple is also known as Neela Chakra (Blue Wheel). The wheel is made of eight metals comprising of.. 1/n

iron, copper, zinc, mercury, lead, brass, silver & gold. It's circumferance is about 36 feet & it is so designed that there is a wheel within the wheel. The circumferance of the inner wheel is about 26 feet. Eight hubs join together the inner and the outer wheels. 2/n

There are decorative designs on the outer wheel. The thickness of the Neela Chakra is 2 inches.The wheel is said to be Bhagwan Vishnu's most powerful weapon, Sudarshana Chakra. Inside Jagannath temple, Lord Vishnu's wheel is also worshipped in the name of 'Sudarshana'. 3/n

But inside the temple Sudarshana is not in the shape of a wheel, but in the shape of a small wood pillar placed to the left of image of bhagwan Jagannath. It is believed that the same Sudarshana is also at the top of the temple and is known by the name of Neela Chakra. 4/n

There is a specific category of people among the temple sevaks to serve the Neela Chakra and they are known as Garuda Sevaka or Chunara Nejoga. The pilgrims hold these sevaks in high esteem because everyday at Sunset. 5/n