Catastrophe for Sale | Planet Finance (5/6)

[@batugul6952]

These documentaries are something else, the cinematography is spectacular in this series

[@thatguychris5654]

Perhaps, but the amount of fluff added to get to the point is something too...

[@tomwalker5280]

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.

[@homesculptor]

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

[@peacenow42]

the robber barons long ago thrived despite railway accidents....

[@simonbarrett9537]

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

[@Hamromerochannel]

Exactly! The quality is so great with few gimmicks. Truly great content

[@sandytaylor1569]

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

[@WolfgangVonKempelen838]

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]

sure,,,cat bonds will be much more looked at than the great art of the world....we'll look at the numbers instead.

[@WolfgangVonKempelen838]

@@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.

[@peacenow42]

Imagine if all this creativity, talent strictly went into mitigating disasters instead of benefitting financially from them.

[@_BlueHorseshoe_]

"For those who possess this capital [$10-20 TRILLION] it's a little bit of a nightmare." Yeah. Right. This is the most back assward, twisted view of economics and money I think I've ever heard.

[@AfricanCryptoWarlord]

These are so good. Thank you VPRO :)

[@anneest]

Thanks for this documentary, this was very interesting 👍

[@Hamromerochannel]

As an aspiring actuary, what a great content, especially for someone who is trying to learn cat modelling.

[@geoffmccoll4640]

Only the experts in front of a computer will know what is actually going to happen when a wild fire arrives

[@peacenow42]

About the financial payoff?

[@vetrecaGOD]

VPRO and team, huge thank you. One of the most extreme episodes of the series.

[@xoliswasithole2849]

brilliant brilliant series

[@MarksmanSpecialist]

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

[@garlandstyle5797]

Weird. I search for "who sells CAT Bonds" and get nothing!

[@peacenow42]

And no mention if say, Maui has them.....

[@sis1296]

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.

[@jonathanedwardgibson]

Starting with apologia for the vast ponzi-schemes of money suffering ennui is absurd.

[@peacenow42]

oh no he doesn't worship money!!!

[@CuchBe]

It's shocking to see the amount of work you put in to make build construct formulate compile these documentaries. ❤.

[@TamaFit]

Thank you for this incredible and insightful series ❤🙏😎 it's opened my eyes 👀 up to the world 🌍🫡

[@ed7353]

So after all, this is about rich people taxing the poor. How did I not guess before?

[@saadbenalla3678]

I love this channel and the concept of planet finanace

[@easygreasy3989]

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?

[@costidisa]

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.

[@ipdavid1043]

risks created by the backdoorers, so we are all shrimps....get it?

[@edreesfeda9266]

The old guy sounds like RFK Jr

[@jjreddick377]

Love these documentaries!!!

[@thizmferiznotreal]

another brilliant ponzi again.

[@peacenow42]

right? government will save money by switching to cat bonds....leaving the poor to need more government money in case of disasters that are below the level the cat bonds pay out.

[@wilfredpeake9987]

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

[@Xplosiv3s]

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.

[@wilfredpeake9987]

@@Xplosiv3s like I'm thinking murder falls below a certain level or something

[@umalaurenbowman7276]

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?....

[@peacenow42]

Pretty sure all humans take risks that affect the greater world...obesity...smoking...driving fast. What do we think will happen? Life. But one should do one's research and homework. Get groups together and remove brush and make firebreaks for instance.

[@julies2814]

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.

[@VictorCruz-sp3ro]

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.

[@craigdouglasmartens7037]

Beautifuĺ golf course!

[@peacenow42]

not that he worships money.

[@rightq3111]

This series was spectacular

[@ericson4534]

I am getting hook! Nice!🎉 Thank u

[@MinotauroTrading]

Does this part of the documentary ring a bell to anyone?

[@jacquelinepayne2012]

Looking at the WEF's build back better smart city agenda, I would say disaster capitalism is a prerequisite.

[@FED_RAGE]

Amazing. Best one yet.

[@Gatecrasher1]

This series just keeps getting better and better

[@tripzincluded8087]

hahaha "so, this catastrophic man = who's business guides the weather-machine from the bankers?" .. thanks for the upload. (::)

[@jemiez9383]

Ahh another part of finance that are not available for retail traders😂😂😂😂

[@gilberttello08]

Hi there from Philippines

[@roberthornack1692]

Disaster capitalists never lose money, they just move on to the next group of unfortunates, like the people of Maui!

[@peacenow42]

Define 'disaster capitalists'...that could include the folks who make survival equipment; they don't lose money in a disaster...but of course the cat bond investors do. The main guy says that's why they diversify, so they don't lose all. The basic insurance companies lose. I have wondered why they don't use HARP to modify larges storms, though maybe HARP hasn't advanced to that stage yet (Or HARP-like technology)...this documentary has me thinking they don't want to because they want folks to pull out of buying traditional insurance and turn to cat bonds instead. But I am paranoid..so... I am so sorry what happened to Maui, but have been speaking out on KZbin and other forms of social media against something I have noticed since Maui. So many have been criticizing the 'measly' $700 they received form the government and demand more. My county sustained the second most damage in Sandy (in NC) and we got squat. I called them out as ungrateful. These folks went posting after the disasters since then demanding we not send any aid to those affected but concentrate on Maui,,and now they are adding other areas along with Maui like the areas hit by the train accidents or that have bad water. Many cited aid to Ukraine as taking away from the US's disasters. Many, when confronted said they did not give two bits about other's suffering. Now I realize pukin's bought bots were behind many of the posts. Now after viewing this documentary I see another reason...have folks demand more government aid so maybe they will turn to cat binds like NY did after Sandy.

[@gmw3083]

Wonder if there were cat bonds issued for Maui or parts of Canada that burned....

[@peacenow42]

more likely not....if these disasters are being urged on or if they are failing to use technology to make them less catastrophic, it might get them off traditional insurance, which loses money in these disasters no matter the damages (unlike the cat bonds which specify how bad the damage must be before it pays) and onto the cat bonds instead. It could be if they did have cat binds, someone was looking to make someone else lose a lot of money...but that would probably only be to further their goals if it includes war like pukin is doing. Maui had that basically freak hurricane so it seems much more unlikely to me it was orchestrated.

[@fernandocortes1187]

5:25 New York

[@seanyounk1]

35:48 Did that guy just steal a plant? Edit: 48:02 someone else brought it back. 🙂

[@s100flo3]

Why no 6/6?

[@AB-lq1zd]

You've missed a beat not addressing the reinsurance business directly.

[@user-ry5hm7ho8t]

Refere to Profssor Swoboda Germony 1970's.

[@VE_LORD]

I absolutely love the maintained neutrality. As someone that likes the finance industry, I'm grateful

[@peacenow42]

not sure the negatives are explored as much as the benefits for the 1%....like hoe the main guy says it's investors investing in cat bonds from diverse sources. Pretty sure the very poor have no money to invest, and they are affected the most by catastrophe.

[@compxx3971]

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.

[@roberthornack1692]

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]

except if they're on the moon in their bunkers....at least longer than we will on earth.

[@roberthornack1692]

@@peacenow42 They can have it! Doesn't seem like much of a life to me.

[@peacenow42]

a bad life is better than no life for many..I would HATE it also.@@roberthornack1692

[@3Okshah]

Someone is making a hell of money out of natural disasters, well that’s new

[@peacenow42]

what's new is making the disaster maybe on purpose to guide them from traditional insurance to these cat bonds. Cause the traditional insurance companies are LOSING money on disasters.

[@vladracul40]

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.

[@hannahdargan6079]

Hurricane Sandy was 2012

[@user-me5zs1or3g]

Старейшина деревни, крутой мужик 👍

[@geoffmccoll4640]

It only mentions what happens for a billion dollar corporation

[@Patso65]

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.

[@ronfox5519]

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.

[@peacenow42]

so, if we are in a bad era of climate change, the insurance companies would be facing bankruptcy. Did you note the part in the documentary when they said with cat bonds they can diversify thus decrease the chances they lose all? THUS it would seem to me that arson would speed the process of encouraging municipalities and the like to change from traditional insurance to cat bonds. And the reason to create the disasters would be the increasing risks presented by climate change.

[@jcymngo]

This is just gambling.

[@wendyshoowaiching4161]

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

[@simonpedley9729]

its just a way to sell insurance, thats really all it is

[@peacenow42]

With less risk to the investor. And more to the vulnerable folks who will then need more government aid,,,yet the whole paradigm was marketed as making it less risky to the government like after Sany to NYC.

[@MOTOBOLAVIRUS]

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]

well, we can't exactly see the color of the home's roofs that burned down for comparison

[@MOTOBOLAVIRUS]

@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.

[@ceecee6679]

We can't predict the weather three months in advance, be careful with the luxury hubris.

[@ceecee6679]

consider the 'modeling' provided for the covid panic...the exaggeration was over the top

[@peacenow42]

or maybe they took those disastrous predictions and instituted measures that mitigated trouble @@ceecee6679

[@MrSimonw58]

So no one makes money off a catastrophe

[@vincentvermeulen6703]

I wonder how this money goes to the place of disaster instead of going to unreliable disaster fighters.

[@peacenow42]

I think they explained that if they know what level of disaster will pay off, they know how to tailor the measures to mitigate disaster, like how high to build those gates in NYC. And it helps making disaster plans...ie disaster fighters. That part seems fairly sound but I am not an engineer nor a disaster planning (though I am an amateur student of it and did study nuclear accident plans as an (now retired) RN.

[@gaberoyalll]

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

[@ceecee6679]

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.

[@peacenow42]

It is hard to get through the highly repetitive search engine suggestions and the trolling is epic lately (it used to be seen as uncool and now seems to be the norm) but both those things reveal information themselves (are sources of revealing tactics). Especially if you have a lot of time to waste and watch the trends (in my case as a disable person)

[@generalingwer4341]

Yup ,someone has found a way to sell my life😢

[@danrayson]

And HERE is the incentive to perform weather modification. Been happening for decades now.

[@peacenow42]

The incentive to perform weather modification to make storms worse, not better.

[@danrayson]

@@peacenow42 I think it'd make fiscal sense to be able to reduce storms in insured areas and increase storms in uninsured areas. Yeah it's pretty messed up!

[@peacenow42]

Isn't it? The cat bonds will only pay if a storm is a certain and very extreme level. Marketed here as a way to reduce insurance premium increases for areas like NYC after disasters, it will seem like anything less would then fall on the govt to fix, including aid to the little folks. Yes we would have the most extreme storms covered but the multiple smaller ones are on us. And I hate to be paranoid but isn't that an incentive to INCREASE the storms destruction? @@danrayson

[@danrayson]

​@@peacenow42 Unless I'm mistaken the bonds are always paying, they pay interest. When a disaster occurs the bond is withdrawn, supposedly pays for disaster recovery efforts, and the investors lose all their money. I do think there are conflicts of interest, though, like you've said, the incentive to control the severity of storms is much higher when this market exists. If left unchecked there are many mal-incentives to quandary. And when fiat currency gets involved, the regulators get into bed with the banks, and big (printed) money monopolises the industry. The industry, in this case, being climate control.

[@peacenow42]

and the worse our economy is doing and the interests rates go up, the more the rich make.@@danrayson

[@spitfirered]

I Believe This Channel About Weather And How Millionaires And Billionaires Are Getting Richer!

[@marctorrades1760]

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

[@MOTOBOLAVIRUS]

Everything changed in 1992 when A g e n d a 2 1 was signed by all UN nations

[@blueocean2510]

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.

[@jasonroberts2049]

Only 12k views? This is gold!

[@goodquestion8064]

Disaster 1= profit + land grab

[@peacenow42]

yeah that's hardly new,,,robber baron behavior

[@michaelklein8105]

pig

[@marcelvanbiljon8569]

LOL BTC can work

[@clivepierce1816]

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.

[@theeraphatsunthornwit6266]

They will just declare bankruptcy and everyone walk away.😂

[@thizmferiznotreal]

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.

[@simonpedley9729]

the models used r sophisticared mathematical models that incorporate all the relevant factors, produced by scientists who know exactly what thet r doing.

[@theeraphatsunthornwit6266]

@@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 😅

[@peacenow42]

you hope they are and I speak from having a son with a Master's from Virginia Tech in civil engineering. He even got the Thompson Award one year (most outstanding civil engineering student on the US for that year). Straight As. As I understand it with my very simple math mind...all you can do is work with the physics but stresses are sometimes an unknown and cannot be mathematically fully predicted...say you are engineering an underground storage for volatile equipment, a stressor such as an earthquake has zillions of factors (depth, magnitude, distance from the storage area.) Of course the scientists think know exactly what they're doing they just don't know every factor in a future disaster. @@simonpedley9729

[@issith7340]

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.😁

[@CharlesBrown-xq5ug]

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 📞📞📞📞

[@johnsmith-000]

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...

[@peacenow42]

ok that sounds bit nutty. Blue paint...ok.

[@parrense501]

Painfully boring.

[@peacenow42]

put it on a higher running speed.....have a barf bowl ready cause it's full of nauseating crud. but VERY informative.

[@davidanalyst671]

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

[@kapinio1]

I dont think i would sleep good holding a CAT bond.

[@semiravdic1144]

"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"