Podcasts about trillions

Number, either 1,000,000,000,000 or 1,000,000,000,000,000,000

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Best podcasts about trillions

Latest podcast episodes about trillions

Tax Chats
Taxes in Sitcoms. A Conversation with Larry Zelenak.

Tax Chats

Play Episode Listen Later Sep 23, 2022 32:19


Scott and Jeff chat with Larry Zelenak, Professor at the Duke Law School about taxes in sitcoms. Larry has documented the extensive list of episodes that use the federal income tax as a major component of the plot. His work documenting these facts can be found in these two articles:"Six Decades of the Federal Income Tax in Sitcoms""Seven-Plus Decades of the Federal Income Tax in Sitcoms: An Update"In the episode, we refer most frequently to three episodes:3Rd Rock From the Sun, Season 4, Episode 12 "Dick and Taxes"Roseanne, Season 2, Episode 22 "April Fool's Day"The Simpsons, Season 9: Episode 20 "The Trouble with Trillions"

Simply Bitcoin
Michael Saylor Buys MORE Bitcoin, Trillions Headed into BTC 2023 | EP 583

Simply Bitcoin

Play Episode Listen Later Sep 22, 2022 59:57


► NEWS: Today we cover Micheal Saylor buying more bitcoin, the attacks on bitcoin increasing and an epic Nico Jones rant ... ► CULTURE: ... the daily culture is simple today: the world needs bitcoin and we need to spread the tools that push self-custody. So thats what we did - explained why we do what we do. Enjoy :). ✔ Simply Bitcoin in Written Form: http://simplybitcoin.news/ ✔ Check out our Sponsors, support Bitcoin ONLY Businesses: ✔ Crypto Cloaks: ► http://www.cryptocloaks.com ► For all of your 3D printed needs: Bitcoin Node Cases, Lightning Network Code Cases, BTC keychains, coasters, 3D Printed Honey Badgers, wallet mounts and a whole lot more ! ► USE PROMO CODE 'SIMPLYBITCOIN' FOR 5% OFF THE CRYPTOCLOAKS.COM STORE! ✔ Citadel21: ► https://www.citadel21.com ► A Bitcoin cultural zine. Bitcoin culture is rich and varied. It contains a multitude of voices, opinions and flavors. Only 1000 of each volume are made. ✔ Swan: ► https://www.swanbitcoin.com ► Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and instant purchases. Serving clients of any size, from $10 to $10M+ ✔ CypherSafe: ► https://cyphersafe.io ► When you've decided to be your own bank and hold your bitcoin yourself, it's time to create a physical backup to protect those keys and your bitcoin. CypherSafe offers a full line of physical stainless steel products to help you protect your bitcoin from various modes of failure. ✔ Represent Clothing: ► https://www.representltd.com ► Check out Represent LTD's full clothing line including collabs, originals & collections. Super comfortable, great fit and Style, there is something for everyone: hoodies, tees, tanks, jackets and more! It's your life...represent accordingly. ✔ Bitbox-02 Bitcoin-Only Edition ► https://www.shiftcrypto.ch/simplybitcoin ► Self custody is the revolution and the BitBox 02 Bitcoin-only edition is secure, open-source, and so easy to setup anyone can use it. Do not keep your bitcoin on an exchange order a BitBox today. Use ‘SIMPLYBITCOIN' for 5% discount. ► USE PROMO CODE SIMPLY-BITCOIN FOR 10% OFF ANYTHING IN THE REPRESENT CLOTHING STORE! ✔ NODL : ► https://www.nodl.eu ► Running Bitcoin, just like in Hal Finney's legendary tweet. Use all the Lightning features thanks to your always on device. Easy to Use, Everyone can run a NODL. Privacy focused. ✔ Join our Telegram, Give us Memes to Review! ► https://t.me/TheSimplyBitcoinChannel ✔ Follow Us! ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/BITVOLT7 ► https://twitter.com/@My_Livin_Truth ► We are a proud supporter of Bitcoin only businesses. ⚡️ simplybitcoin@getalby.com DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.

Mo' Money Podcast
336 How One Man Changed Investing Forever - Eric Balchunas, Author of The Bogle Effect

Mo' Money Podcast

Play Episode Listen Later Sep 21, 2022 65:03


If you're an avid listener of the More Money Podcast, then you'll know that I'm a big fan of index investing and playing the long game when it comes to growing your money. But, how and when did index investing start? Luckily my guest today, author Eric Balchunas, is sharing the history of the index fund and how one man named Jack changed Wall Street forever in his new book The Bogle Effect. Eric Balchunas is Senior ETF Analyst at Bloomberg Intelligence, where he leads the ETF and fund research and contributes to Bloomberg Opinion. He is also the co-creator of the Bloomberg podcast Trillions and Bloomberg TV's ETF IQ. He's the author of The Bogle Effect (2022) and The Institutional ETF Toolbox (2016).  In today's episode, we learn more about the founder of the index fund and the Vanguard Group, John Clifton “Jack” Bogle. Eric deep dives into how index funds changed Wall Street, which we're still seeing the effects of in today's investing landscape. Eric is a wealth of knowledge when it comes to index investing and ETFs. I loved being able to pick his brain and get him to share his opinion on cryptocurrency and “vanilla” vs. “hot sauce” investing. I hope you enjoy this episode too! For full episode show notes visit: https://jessicamoorhouse.com/336

The Climate Daily
New Study Says Switching to Renewable Energy Can Save the World Trillions, How's Denver's Climate Change Tax Working?

The Climate Daily

Play Episode Listen Later Sep 20, 2022 8:25


Why Is This Happening? with Chris Hayes
Joe Biden and the End of Reaganomics with Felicia Wong

Why Is This Happening? with Chris Hayes

Play Episode Listen Later Sep 20, 2022 63:23


Over the past few years, we've seen enormous shifts in the ideological and intellectual foundations of government policy. Trillions of dollars have been allocated through programs including the Infrastructure Bill, the CHIPS Act, and the American Rescue Plan. At the same time, we're seeing inflation at levels unseen since the late 70s. Have we arrived in a new economic era? For over three decades, the Roosevelt Institute has fought to “develop progressive ideas and bold leadership in the service of restoring America's promise of opportunity for all.” The president and CEO of the think tank, Felicia Wong, joins WITHpod to discuss how we got to this moment, the importance of economic freedom, the need to rethink public investment and more.

The Steve Gruber Show
Steve Gruber, Elite White Liberals are living on an island and nobody else is welcome well not for very long anyway

The Steve Gruber Show

Play Episode Listen Later Sep 19, 2022 11:00


Live from the no panic zone—I'm Steve Gruber—I am America's Voice— I am a radical MAGA American extremist— AND I have heard enough! The radical Green New Dealers and those that think your gender is determined by the pants you wear or the color of your hair—are done here—we will prevail!   Here are three big things you need to know right now— ONE— The funeral for the Queen—is finally set to happen—those paying their last respects for the longest serving British Monarch—actually stood in line for as long as 18 hours— TWO— The predictions for the mid-term elections keeps getting shined up by the left wing pundits—but it seems to be pretty optimistic at a time—when people really are not— and new polling from Trafalgar says something different too— THREE— Elite White Liberals—are living on an island—and nobody else is welcome—well not for very long anyway—   The left is on this island—where they proclaim that they are compassionate and caring—and beyond their control out here in the wild untamed lands of America—there are dangerous elements of White Supremacy—White Nationalism and even Domestic Terrorists—that are ready to tear down the very Republic in which we live— these monsters they tell us are fascists—and are on a hair trigger to burn the place down—   Except it seems the news travelling to the nearly all white Island of left wing demagogues is traveling slow these days—it seems the island is cut off from reality—   On the ideological island the left-wing Socialist Democrats led by Joe Biden in the White House proclaim—that the economy is thriving— despite runaway inflation, nearly 2/3rds of all American's living paycheck to paycheck and child poverty rates rising above 17% this year— The left-wing Socialist Democrats declare they have saved America by spending Trillions of dollars and plunging us into a recession that is going to get far worse before it ever gets better—in fact coming this week the Fed is expected to jack up interest rates again—by at least three quarters of a point and maybe a full percentage point—we will have to wait and see— but either way it will further slow the economy and inflict economic pain on America's Middle and lower classes—that are least likely to deal with it well—   Last week the left-wing Socialist Democrats started taking victory laps on the very day that inflation year over year was pegged at 8.3% and the price of food was up 13.5% --the biggest jump since May of 1979—   The left-wing Socialist Democrats are truly living on an island—far removed from the mainland and any sense of reality—they seem to be surrounded by an ocean of former news outlets and social media sites willing to keep the truth far away from their shores— and keep everyone afloat on a sea of lies and lit up daily by powerful gaslighting—   BUT the erosion of that security is beginning to show itself— AND the danger to the Democrats is pretty clear—if they cannot keep the truth from reaching its shores and it invades their well insulated island— it means it will reach mainstream America too—which frankly it likely already has—   The move by Republican Governors like Greg Abbot in Texas and Doug Ducey in Arizona—to send buses of illegal aliens to places like New York City, Washington DC, Chicago and now Philadelphia has really shown these people for who they are—charlatans—the liberals for the most part in America are complete frauds—  I mean they were on TV declaring sending illegals to one of the wealthiest places on earth was somehow cruel—maybe—but only because they were told they weren't welcome there— that the folks with 8 and 9 figure net worth amounts—just couldn't spare any room for the downtrodden? That was pretty cruel I agree—   I guess if you're not cutting the grass, polishing the silver or cooking dinner as a minority—you really aren't welcome on Martha's Vineyard—take your Spanish and your brown skin and get the hell outta here—     It took less than 48 hours to clean up the streets of the Vineyard—and to make sure the riff-raff from south of the border was safely back on the mainland—so those living on the island could resume their life of make believe—   Where they make believe they care about others that are less fortunate than themselves—where they can make believe they are compassionate and are willing to care for other human beings—where they can make believe they care about anything other than themselves—and their own selfish self interest—   They proclaim how they are the virtuous ones but prove daily that is far from the truth—    Those 50 illegals sent to the island courtesy of Florida Governor Ron DeSantis—who said after more than 70 packed flights were sent to his state by the Biden Administration—it was time to share the wealth—      And you would have thought those who have multi-million dollar summer homes with yards decorated with signs proclaiming “no human can be illegal” and “we support sanctuary cities” – would step up—you would have been very wrong—   NIMBY is an old acronym that means, not in my backyard—BUT now it means something new— and more specific— Because now it means, Not in Martha's backyard— Because the virtue signaling elitists living on Martha's Vineyard—turned out they had a lot more whine than cheese when it came to taking care of just 50 people—  And they think the poor border towns in America should clean up the mess—and if they don't its only because they are angry White Supremacists and likely Domestic terrorists—  

The Steve Gruber Show
Steve Gruber, In an outrageous and inflammatory victory lap the 3 Stooges of the Socialist Party—tried to take a victory lap on the Inflation reduction act

The Steve Gruber Show

Play Episode Listen Later Sep 14, 2022 11:00


Live from the no panic zone—I'm Steve Gruber—I am America's Voice— I am a radical MAGA American extremist— AND I have heard enough! The radical Green New Dealers and those that think your gender is determined by the pants you wear or the color of your hair—are done here—we will prevail!   Here are three big things you need to know right now— ONE— A mother in Silicon valley—was beheaded this past week in front of her two daughters—and we now know her killer was an illegal alien— TWO— Joe Bidens DOJ—is working to make plea deals with at least 5 of the 9/11 terrorists—that were responsible for killing nearly 3,000 people that day— THREE— In an outrageous and inflammatory victory lap the 3 Stooges of the Socialist Party—tried to take a victory lap on the Inflation reduction act—the clown show came on the same day—inflation for August was shown to be up—the annual inflation rate was pegged at 8.3% and the stock markets got creamed across the board—the whole spectacle was frankly an embarrassment—   Bragging about how great you're doing—and boasting about how you're saving America—when 60% are living paycheck to paycheck—the number of people needing food stamps is rising and food banks are struggling worse than at any time in decades—including the heart of the Covid pandemic in 2020 and 21—it really was quite breath taking—   Inflation— to be blunt, is on fire still—and the latest numbers show that except for lower prices on gasoline and diesel—everything else has continued to climb— In fact the temporary drop in gas prices only masked what millions of Americans know—the price of everything is going through the roof—and the inflation rate is stuck at 8.3% year over year—   And the dirty little secret about gas prices—is they were artificially lowered because President Joe Biden has recklessly dumped hundreds of millions of barrels of oil from America's Strategic Petroleum Reserve into the market—something that is absolutely unprecedented and an abuse of power in an effort to stay in power— AND it cannot last—we have pushed our SPR to its lowest level in decades too—   The strategic petroleum reserve is supposed to be in case of national emergency—not to help save a political party from certain loss in an upcoming election—   The biggest shock to consumers however continues to be the price groceries, and housing—   BUT here is something else— something that is very suspect—and being pushed by the left—that doesn't seem to be true at all—   I keep hearing how the price of gas continues to go down as a national average—  BUT here in Michigan the price of gas seems to be going back up—and I am hearing the same from all over the country like Wisconsin, North Carolina, Pennsylvania—and elsewhere—   So they keep telling us—how good things are—BUT I can tell you—average Americans know better—the real cost of everything is going up—and the cost of gas is STILL UP anywhere from $1.50 to $2.00 a gallon than when Joe Biden took office—that is not success—that is a disaster! Diesel Fuel is even higher—   In light of all of this Joe Biden flanked by Chuck Schumer and Nancy Pelosi—tried to take a victory lap for the Inflation Reduction Act—which has done nothing to help—and people know it—   Biden tried to claim his American Rescue Plan, The Inflation Reduction Act, The Chips and Science Act and forgiving up to a Trillion dollars in student loan debt will somehow keep inflation under control—and help average Americans—BUT he cannot explain why—   And investors know better too—after the days dismal numbers—   On Wall Street there was bloodbath— the markets were clearly rejecting the inflation numbers and the Trillions of dollars in reckless spending—the Dow fell more than 4 percent—dropping nearly 1300 points— the S and P 500 and Nasdaq were also pummeled—   And that might be the good economic news of the week—because as I have been warning you, there is a looming strike of 115,000 railroad workers across 13 unions that could bring freight trains to a halt—   The devastation will come fast—even a short delay could mean further disruptions to the supply chain—which would spike inflation on all fronts even more—   A rail strike is a worst case scenario for the Biden Administration in a critical mid-term election year— Financial experts say the pain will be swift and severe—so I warn you again—that this pending walkout—after 3 years of negotiations—and the Unions balking at a plan put together by a Presidential Emergency Board offering a 22% pay increase over 5 years and retroactive to 2020—leaves very little hope for optimism—   The only prayer for the Democrats—is that Union bosses can somehow hold off the strike until after the November elections—otherwise—it could trigger massive supply chain issues—another huge spike in unemployment and a disaster for Americans everywhere—   Lets start with the insanity of the Democrats and the economy—  

The Retirement Café Podcast
158 How Jack Bogle saved investors trillions, with Eric Balchunas

The Retirement Café Podcast

Play Episode Listen Later Sep 13, 2022 54:29


Now, as you know, in my day job I help people retire successfully, so a major part of the work that I do is helping people to have a successful retirement experience. To that end I have spent many hours researching and developing an investment philosophy that I believe gives my clients the best chance of achieving their financial goals. A few individuals and companies have had a significant influence on my thinking over the years and few more so, perhaps, than Jack Bogle and the investment giant Vanguard. So I am delighted to have had the opportunity to chat recently with the author of a new book about the history of Jack Bogle, Eric Balchunas. Eric is an author and a Senior ETF Analyst and Funds Product Specialist with Bloomberg, the global leader in business and financial data, news and insight. In our conversation he explains what his role involves and why he became so fascinated with Jack Bogle. We chat about Eric's latest book ‘ The Bogle Effect', and why Bogle's radical idea to turn Vanguard into an investment company for the people, by the people has had such a wide-reaching impact not only upon the investor community, but upon other completely unrelated industries.

Richard Dixon
The Line with Andrew McLain - Hr 2 (09/12/22)

Richard Dixon

Play Episode Listen Later Sep 12, 2022 38:12


Can we not invest some of the Trillions of dollars we've wated to our military members and their families/ Crime has become rampant in America/ Crime is starting to spread like a virus and the government is doing nothing/ two woman involved in the Talladega forest murder are now found to be members of a cult out of  Atlanta.  See omnystudio.com/listener for privacy information.

The Steve Gruber Show
Steve Gruber, The food shortages could be the next shoe to drop at a time when the world seems to be teetering on the edge of financial calamity

The Steve Gruber Show

Play Episode Listen Later Aug 30, 2022 11:00


Live from the no panic zone—I'm Steve Gruber—I am America's Voice— Delivering an Equitable, Earth Friendly and Socially Just morning news and talk program— using only sustainable topics that maintain maximum intellectual diversity and inclusion— And for the record no animals were harmed in the production of this vegan friendly program!   Here are three big things you need to know right now— ONE— The DOJ says it has completed its review of documents seized when the FBI raided Donald Trumps Mar-a-Lago estate on August 8th—and they seem to be dodging the idea of a Special Master— TWO— China is being devastated by a sustained drought and heatwave—that have dried up the Yangtze River—and is threatening the food supply—which will have global implications— THREE— The food shortages—could be the next shoe to drop at a time when the world seems to be teetering on the edge of financial calamity—   And don't buy into the notion that somehow this is the fault of anyone—except the globalists that subscribe to the fanatical ideas of socialism and central control—   The pandemic made it crystal clear—that formerly free countries like France, Germany and Canada could quickly and easily be plunged into a state of emergency and chaos by declaring a health crisis—   The same was true right here in the United States—with power hungry governors grabbing on to emergency powers and refusing to let go—   Lockdowns—coupled with mask mandates and demands that everyone comply with vaccination requirements—or effectively be blocked from participating in normal activities like going to school, going for a walk, buying groceries—or even going to your doctor for medically necessary procedures to treat things like cancer and heart disease—and as a result—the boomerang effect is now taking the lives of those that missed critical treatments—and that is the good news—   For young people—the learning loss is devastating and is likely to have a generational impact—and maybe even longer—that doesn't even take into account the millions of kids that vanished—that's right—millions dropped out and schools are scrambling to make up billions of dollars in lost revenue and figure out where they all went—   The mental health crisis, is also crippling young people—and people across all age brackets—the rates of anxiety and depression have exploded—and worse, so have the numbers of suicides—   Then you look at substance abuse—millions of people of all ages decided it was time to self-medicate for loneliness, depression and anxiety—as a result a reported 107,000 people died last year from overdosing—much of the carnage is from the poison better known as fentanyl—and that doesn't even take into account—the people that started drinking more—some, a lot more—   And why do you think in states like Michigan where recreational marijuana is legal—that there is a pot shop on every other corner in every single town it seems—I mean my God—they are everywhere—and how the hell can that be healthy—Stoned and Stupid is just no way to go through life—   But let me get back to the dark clouds of an impending food crisis—we all know about the challenges facing Ukraine—and its ports being bombed and blocked by the Russians ever since they invaded back in February—that put a tremendous amount of pressure on world grain supplies—when you consider as much as 40% of the world's wheat supply for example comes from that region of the world—   And now the record setting drought and heat wave in China could create devastating food shortages—that will almost certainly have a negative ripple effect around the world—China will need to find food to feed a billion people a day—and if that happens—it means the cost of food will explode in price and scarcity will become the norm—   That's why I have been telling you for months—you need to be preparing in case—food supplies get tight—and things get ugly—   Then of course—it's the financial mistakes made by governments around the world—flooding the markets with piles of cash—and setting inflation on fire—   The latest, unnecessary move by President Biden and the Socialists—was announcing it is forgiving hundreds of billions of dollars of student loan debt—that the US government created in the first place—with terrible policies that were accelerated by Barack Obama in 2009—that in effect made the US Government the only creditor for kids racking up Trillions in student loan debts to get degrees that will never pay for themselves—because they are in such things as theater, gender studies, fine arts or English literature—and I have no idea how these kids—or their parents thought they could ever make a living—or even get a job for that matter by getting those degrees—   So the Socialist solution? Stick it to everyone else—and send the American taxpayers the bill—and I can tell you—it is not being all that well received—not even by Democrats—  

CNBC's
Cybercrime Costs In The Trillions And Growing 8/19/22

CNBC's "On the Money"

Play Episode Listen Later Aug 19, 2022 1:02


Your 60 second money minute. Today's topic: Cybercrime Costs In The Trillions And Growing

The Greatest Transfer of Wealth With Zach Rector

Trillions To Be Tokenized! Looking To Get Tapped In To Survive And Thrive In The Greatest Transfer Of Wealth In World History? Join the community: ► ZachRector.com Follow on Social: ► Twitter: https://www.twitter.com/ZachRector7 ► Rumble: https://www.rumble.com/user/zachrector7 ► YouTube: https://www.youtube.com/user/Rector94 ► TikTok: https://www.tiktok.com/@ZachRector7 Podcast: ► Apple: https://podcasts.apple.com/us/podcast/the-greatest-transfer-of-wealth-with-zach-rector/id1627952151 ► Anchor: https://www.anchor.fm/zach-rector ► Spotify: https://www.open.spotify.com/show/2yl2enGpNl5yvL9GqJQ5D8 Cold Wallets: ► Ellipal Titan - https://www.ellipal.com/?rfsn=6318619.6c7e7c ► Trezor - https://www.shop.trezor.io/product/trezor-model-t?offer_id=15&aff_id=10442 Crypto Exchanges: ► Kucoin - https://www.kucoin.com/ucenter/signup?rcode=rJ2P59H&lang=en_US&utm_source=friendInvite ► Uphold - https://www.uphold.com/signup?referral=7ae0597d45 Support: ► XRP Merch - https://www.saudadeonline.com/?ref=ZachRector... #endthefed #finacialreset #greatreset #cbdc #cbdcs #xrp #xrpl #xrpledger #xrpcommunity #xrpholders #xrparmy #relistxrp #crytocurrency #ctypto #secgov #ripple #ripplenet #ISO20022 #ODL #HODL #realvalue #preciousmetals #silver #gold #investing #business #sidehustle #buythedip #prepping #2ndAmendment --- Send in a voice message: https://anchor.fm/zach-rector/message Support this podcast: https://anchor.fm/zach-rector/support

unDivided with Brandi Kruse
79: [un]Divided with Brandi Kruse: Abysmal audit (8.12.22)

unDivided with Brandi Kruse

Play Episode Listen Later Aug 12, 2022 44:50


Transparency can only go so far in Trump probe. Trillions in COVID relief dollars went to states – but what happened to it? Jason Mercier of the Washington Policy Center joins us for "Fridays with Friends." Plus: Gadsden flag drama on "Florida Report."

Scott Adams Show on Red State Talk Radio
081222 Podcast, Impeach Merrick Garland, Globalism is failing as BlackRock loses trillions

Scott Adams Show on Red State Talk Radio

Play Episode Listen Later Aug 12, 2022 55:01


081222 Podcast, Impeach Merrick Garland, Globalism is failing as BlackRock loses trillions

The Doctor Is In Podcast
892. New Alzheimer's Research

The Doctor Is In Podcast

Play Episode Listen Later Aug 8, 2022 31:30


For the last 25 years, medical research has told us that amyloids in the brain is what causes Alzheimer's disease. Those proteins are what create plaque in the brain. New research is showing that was never true! Trillions of dollars has been spent researching a single path, and it has been a colossal failure! Nothing has got better and the pharmaceutical industry has profited immensely. The number one way of avoiding Alzheimer's is not getting it in the first place. We now know that insulin resistance is the number one cause of Alzheimer's. Join Dr. Martin as he discusses how to protect your brain now and avoid a diagnosis later.  

keeping it REAL with Jay Scott
Who or What is GOD? Creation vs. Science. EPISODE 100!!!

keeping it REAL with Jay Scott

Play Episode Listen Later Aug 5, 2022 63:08


THIS IS EPISODE 100!! Woo Hooo! Thank You Listeners in Podcast Land!!! There is 4,200 religions recognized as of 2022, with a different GOD or GODS. THE GOD may be you, or an alien, or a man that walked the earth, or a handful of Gods over certain aspects of life. Or, many other variations. Among these various beliefs is differing opinions about what happens after death. With so many choices, how does one select the right option? Some will say you must have faith. Ok, on to the other aspects covered. Energy never dies, it simply transforms. But with consciousness or a soul, where does that end up? Prophecy & Prophets are in many written text. This would infer determinism, or a set path everything must play out for said prophecy to occur. In turn that discards free-will. Many people don't take this into account. But, it is a construct worth looking at. Thoughts & personality come from your brain says science. Trillions of neurons wired together receiving electric impulses through the synapse account for everything we do and think. But there is soul or spirit in most religion. Is that the defining spark of life? What about intuition, or that voice that comes to us in meditation, prayer, or a split second decision? Could it be our spirit connecting with the higher source...GOD? The matrix of our world is one dimension we use 5 senses to navigate. Humans operate in a very specific range with all these senses. Animals for example have wildly different forms of these senses, just not the same brain capacity as us. What if we had say infrared vision or super hearing/smelling? Would we see other beings around us, or hear sounds...maybe voices that would scare us? Possibly we were created tuned to these specific ranges so we don't have information overload & go crazy! GOD is jealous, petty, prideful, insecure, and judgmental in many religious writings. Also he likes to be worshipped. Oh and he needs you to plant seeds of money so you can prosper. It is amazing how this turns in to mega rich churches, pastors, & gurus. This isn't in all views of GOD. The ones that use these techniques definitely should be further examined instead of followed with blind faith. This is an obvious technique many people use to brainwash followers while enriching themselves. Many people need to look into the roots of their faith. Where did it originate, translations, connections between other faiths, and is there obvious re-writings? Where did humans come from? Evolution or creation? What time period? It's easy to get caught up in science theory or religious theory on this one. You have to be willing to look outside your current box of thinking in this area to find real answers. With so many theories (best guesses) how do we really find truth!? Dan from "the Human Factor" podcast joins me to discuss these thought provoking questions. We both respect everyones believe system whether religious, or scientific. Of course we have some of our own beliefs. I encourage everyone not to get caught in dogma. Its a trap. A box. Once you're in you observe everyone or everything else as automatically wrong. This only starts fights & wars. We have certainly seen this throughout history. Enjoy this one, & take care! Support: Please rate & review! Pass along to family & friends! You can leave me a tip!: Venmo@Jay-Scott-Mo --- Send in a voice message: https://anchor.fm/jay-morris9/message Support this podcast: https://anchor.fm/jay-morris9/support

The Marc Cox Morning Show
Concerns that Inflation Reduction Bill would spend trillions of tax payer money

The Marc Cox Morning Show

Play Episode Listen Later Aug 4, 2022 28:17


Good morning from the Marc Cox Morning Show! Today, Marc tells us about the "mystery" candidate that won the Republican candidacy in the Missouri Primary earlier this week. He discusses the reconciliation bill that's being voted on this week that's supposed to help inflation by spending trillions. We get a replay of Marc's conversation with Stacy Washington about the election results. Later, he talks about comments that Chuck Schumer made about Ron Johnson and Medicare. 

WEB3 UNPACKED
Zuck Sees Trillions in Metaverse, Web3

WEB3 UNPACKED

Play Episode Listen Later Aug 4, 2022 48:03


In this news roundup, Rich and Matt cover Vitalik Buterin's comments regarding Meta, the immense venture capital pouring into web3 during this “crypto winter,” and the enormous implications of Ethereum 2.0, proof of stake, and “The Merge.”We'll discuss:The changing dynamic between users and corporate entities in a decentralized web3 landscape.Despite a “crypto winter,” the immense blockchain, web3 project development and investments underway.How Ethereum moving from proof of work to proof of stake will fundamentally change the broader web3 ecosystem.

Off the Chain
#1071 Murad Mahmudov On Why Bitcoin Will Be Worth Trillions

Off the Chain

Play Episode Listen Later Aug 3, 2022 49:46


Murad Mahmudov is the Founder of STFX, a brand new piece of technology that assists with short-term trades. In this conversation. we discuss Bitcoin's rise to a global reserve currency and if the transition will be peaceful or not, building STFX, returning to Twitter, and storylines that will define the next Crypto bull run, ======================= Don't miss Mainnet, the most anticipated crypto event of the year, September 21-23 in New York City. Join 4000+ crypto builders and thought leaders for 3-days of can't-be-missed keynotes, fireside chats, demos, networking, and more. Get $300 off of your pass today by visiting https://mainnet.events and entering promo code "POMP" at check out. See you this fall at Mainnet 2022! ======================== BCB Group is the leading payment services partner for the digital assets industry. BCB Group provides payment services in 30+ currencies, FX, cryptocurrency liquidity, digital asset custody and BLINC, which is BCB's free, instant settlements network for the BCB client ecosystem. Find out more by visiting bcbgroup.com/pomp ======================= Exodus is leading the world out of the traditional financial system by building beautiful and user-friendly blockchain products. With its focus on design and user experience, Exodus has become one of the most popular and loved cryptocurrency apps. It's supported on both desktop and mobile, allowing you to sync your wallet across multiple devices so you can have access to your funds anywhere. You can instantly exchange around 100 different cryptocurrencies straight from your wallet. Interactive charts let you view an asset's price history and your portfolio's performance over time. And maybe the best part, Exodus is integrated with the Trezor hardware wallet - making advanced security easy for everyone.  Visit exodus.com/pomp for your free download or search Exodus on the App Store or Playstore. ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin. Visit https://compassmining.io/ to start mining bitcoin today! ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry's leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp ======================= If you're trying to grow and preserve your crypto-wealth, optimizing your taxes is just as lucrative as trying to find the next hidden gem. Alto IRA can help you invest in crypto in tax-advantaged ways to help you preserve your hard earned money.   Alto CryptoIRA lets you invest in more than 200 different coins and tokens with all the same tax advantages of an IRA.They make it easy to fund your Alternative IRA or CryptoIRA via your 401(k) or IRA rollover or by contributing directly from your bank account.   There are no setup or account fees, and it's all you need to do to invest in crypto tax free. Let me repeat that again: You can invest in crypto tax free.   So, ready to take your investments to the next level? Diversify like the pros and trade without tax headaches. Open an Alto CryptoIRA to invest in crypto tax-free. Just go to https://altoira.com/pomp ========================

The Real Investment Show Podcast
August Begins: Bull or Bear? (8/1/22)

The Real Investment Show Podcast

Play Episode Listen Later Aug 1, 2022 47:47 Very Popular


(8/1/22) August begins with The Roberts Family in new digs (who's idea was it to move during Houston's hottest summer, ever??) What will the Fed be expected to do in their meeting this month? The Roberts' kids get their independence; shooting down the new PACT Act Spending Bill; how we got from millions to trillions; What happens when the co-pilot leaves the aircraft early; the market conundrum for bears: dealing with contrarian-indicator clients; the thick of earnings season: Why would markets rally amidst so much negativity? And what happens when things get too negative? Companies are moving from SEG-1: End of July, Start to August SEG-2: The Roberts' Kids Leave Home; How We Got to Trillions in Spending SEG-3: The Market Conundrum for Bears SEG-4: Consumer Spending: Not What You Bought, but How Much You Had to Pay RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=SuH8wwwghu8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2752s -------- Our Latest "Three Minutes on Markets & Money: "No Bad vs Good"" is here: https://www.youtube.com/watch?v=A6IuBkTLPVU&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show is here: "Welcome to the Pain Trade Zone" https://www.youtube.com/watch?v=wapMLlxss-0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Recession #Inflation #Deflation #FederalReserve #CPI #ConsumerSpending #Cash #Markets #Money #Investing

Lance Roberts' Real Investment Hour
August Begins: Bull or Bear?

Lance Roberts' Real Investment Hour

Play Episode Listen Later Aug 1, 2022 47:46


(8/1/22) August begins with The Roberts Family in new digs (who's idea was it to move during Houston's hottest summer, ever??) What will the Fed be expected to do in their meeting this month? The Roberts' kids get their independence; shooting down the new PACT Act Spending Bill; how we got from millions to trillions; What happens when the co-pilot leaves the aircraft early; the market conundrum for bears: dealing with contrarian-indicator clients; the thick of earnings season: Why would markets rally amidst so much negativity? And what happens when things get too negative? Companies are moving from SEG-1: End of July, Start to August SEG-2: The Roberts' Kids Leave Home; How We Got to Trillions in Spending SEG-3: The Market Conundrum for Bears SEG-4: Consumer Spending: Not What You Bought, but How Much You Had to Pay RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=SuH8wwwghu8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2752s -------- Our Latest "Three Minutes on Markets & Money: "No Bad vs Good"" is here: https://www.youtube.com/watch?v=A6IuBkTLPVU&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show is here: "Welcome to the Pain Trade Zone" https://www.youtube.com/watch?v=wapMLlxss-0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Recession #Inflation #Deflation #FederalReserve #CPI #ConsumerSpending #Cash #Markets #Money #Investing

Don't Play With Trash
The Unseen Perennial Generation and A Trillion Dollar Missed Opportunity

Don't Play With Trash

Play Episode Listen Later Jul 27, 2022 65:01


We're kicking off season 3 with a discussion about the  “unseen, perennial generation”. This includes women age 40 to 65. This group of women is unseen because we're not being marketed to. We're not the focus of products and services. Many companies focus on millennials, but with TRILLIONS of dollars in purchasing power, it's a missed opportunity that this segment is so terribly overlooked.It's not enough that we know that this generation of women is unseen and invisible generation. We need to show up and let the world SEE US, KNOW US and HEAR US!Wonderful shares how she's been obsessed with the perennial generation.  - HOW CAN WE REACH THE 40+ WOMEN who are wanting to spend 15-23 trillion dollars on health, beauty, mindset, food, cars, menopause, household goods, personal development, healing, wine and other recreational activities, travel, education and so much more. About Wonderful:Wonderful Morrison (birth name, not stage name) is a  Business Leadership Coach and Founder and CEO of LeadHER Academy based in Bellevue, Washington. She believes that Entrepreneurship doesn't have to be so hard and she's here to help.She teaches savvy, soulful, smart women to uncomplicate their businesses so they can work less and live more.She's a mother of 3 adult children 2 girls (27 & 25) and a boy (21) and a grandmother to 2 beautiful granddaughters. She's been called a wife to the love of her life for 27 years. She loves libraries, museums, classical music, ramen (NOT TOP RAMEN) champagne, and crystal clear ocean beaches.Having run multiple successful businesses over two decades, she uses the wealth of her experience in helping women entrepreneurs get results. LeadHER Academy is the premier source for online education aimed at women entrepreneurs, coaches, and leaders focused on improving leadership skills and business knowledge through unparalleled online group, 1:1 trainings, courses and events.You can find out more about wonderful by going to: https://leadheracademy.com/----Victoria Sexton is a best selling author, wealth creation coach and money mentor. Her straight-talk financial coaching, education, and strategies give her clients the confidence to embrace their abundance and take control of their financial future. Her community, the Rich Life, gives members a place to learn about financial topics, get inspired with out-of-the-box information that you won't learn any place else, and take strategies o the rich and apply them to their lives. Follow her channel at   bit.ly/VictoriaSextonYoutubeFind out more about her here: https://victoriasexton.com/Find out more about her Rich Life community and how you, too, can take steps to become the Wealthy woman of your dreams. Click here:  https://victoriasexton.com/richlife/

Trillions
The Single-Stock ETF Era Is Born

Trillions

Play Episode Listen Later Jul 21, 2022 30:04


A single-stock ETF might sound like an oxymoron, but it's about to become a massive new category. These ETFs, which aim to serve up inverse and leveraged exposure to single stocks, are already a thing in Europe—and now they've come to the US, with the SEC approving the first batch earlier this month. One of them, the AXS Tesla Bear Daily ETF ($TSLQ), shows early signs of being a big hit.  On this episode of Trillions, Eric Balchunas and Joel Weber speak with Matt Tuttle, Chief Investment Officer of AXS Investments, and Katie Greifeld of Bloomberg News. They discuss Tuttle's new products, how the products work, and where things might go from here.  See omnystudio.com/listener for privacy information.

Trillions
The Single-Stock ETF Era Is Born

Trillions

Play Episode Listen Later Jul 21, 2022 30:04


A single-stock ETF might sound like an oxymoron, but it's about to become a massive new category. These ETFs, which aim to serve up inverse and leveraged exposure to single stocks, are already a thing in Europe—and now they've come to the US, with the SEC approving the first batch earlier this month. One of them, the AXS Tesla Bear Daily ETF ($TSLQ), shows early signs of being a big hit.  On this episode of Trillions, Eric Balchunas and Joel Weber speak with Matt Tuttle, Chief Investment Officer of AXS Investments, and Katie Greifeld of Bloomberg News. They discuss Tuttle's new products, how the products work, and where things might go from here. See omnystudio.com/listener for privacy information.

Jacobin Radio
Long Reads: Adrienne Buller on the Rise of Asset-Manager Capitalism

Jacobin Radio

Play Episode Listen Later Jul 16, 2022 43:12


Adrienne Buller joins Long Reads for a discussion about "asset-manager capitalism" and the climate crisis. Adrienne is senior research fellow at Common Wealth, a progressive think tank, and co-author of the forthcoming book Owning the Future.Read Adrienne's review of Trillions here: https://jacobin.com/2022/03/index-funds-blackrock-vanguard-stocks-ownership-democracy-concentration/And her report for Common Wealth here: https://www.common-wealth.co.uk/reports/asset-manager-capitalism-where-nextLong Reads is a Jacobin podcast looking in-depth at political topics and thinkers, both contemporary and historical, with the magazine's longform writers. Hosted by Features Editor Daniel Finn. Produced by Conor Gillies, music by Knxwledge. See acast.com/privacy for privacy and opt-out information.

For Immediate Release
FIR #266: How Many Trillions Will The Metaverse Be Worth?

For Immediate Release

Play Episode Listen Later Jul 5, 2022 14:42


Big Four accounting firm KPMG has committed $30 million to the metaverse in order to establish an "innovation hub" and train employees so they will be prepared to work with clients as the metaverse becomes a more common interface. Like many organizations, KPMG is citing breathtaking figures as it predicts the metaverse's eventual value. Neville and Shel discuss KPMG's move, various metaverse valuations, and other metaverse-related news and information in this FIR short.Continue Reading → The post FIR #266: How Many Trillions Will The Metaverse Be Worth? appeared first on FIR Podcast Network.

The FIR Podcast Network Everything Feed
FIR #266: How Many Trillions Will The Metaverse Be Worth?

The FIR Podcast Network Everything Feed

Play Episode Listen Later Jul 5, 2022 14:42


Big Four accounting firm KPMG has committed $30 million to the metaverse in order to establish an "innovation hub" and train employees so they will be prepared to work with clients as the metaverse becomes a more common interface. Like many organizations, KPMG is citing breathtaking figures as it predicts the metaverse's eventual value. Neville and Shel discuss KPMG's move, various metaverse valuations, and other metaverse-related news and information in this FIR short.Continue Reading → The post FIR #266: How Many Trillions Will The Metaverse Be Worth? appeared first on FIR Podcast Network.

Let’s Talk Cloud Networking - Unscripted
EP33 - Trillions of Dollars moving to the cloud and businesses leveraging multiple-clouds " - advice and tips from the most elite AWS blackbelts EVGENY VAGANOV & ABDUL RAHIM “

Let’s Talk Cloud Networking - Unscripted

Play Episode Listen Later Jul 1, 2022 63:22


Podcast 33 - “ Evgeny Vaganov and Abdul Rahim has ~12 years of combined experience at #awscloud and have worked with thousands of customers moving to cloud. In episode 33, we asked them to share their cloud journey, lessons learned and advice for customers. Some key points: - Many cloud deployment start as non mission critical, in a single cloud and organically grew into a giant mess that is hard to untangle, with several design flaws, lack of visibility, security holes and operational/governance nightmares. - CSP by design focus less on networking features as they have to prioritize durability, performance availability and ensure environment is secure. Pace of innovation is slow as they try to recreate 30 years worth of capabilities in a cloud way, which will take time. -Every single customer they met were either multi-cloud already or looking to extend in other clouds. Single CSP alone CANNOT meet requirements of enterprises. -Key points they love about Aviatrix is "end to end focus b.w apps and users" -Aviatrix has put the focus and control back on networking and security and Aviatrix ACE (#aviatrixace ) is the most beautiful opportunity. Think CCIE in 1995 but much bigger in terms of impact as cloud transformation will be 10x bigger and 100x faster. [Note: Rahim has 3 X CCIE's) -Industry clouds becoming more prominent with many vendors offering "Specialty as a service -SaaS" on top of multiple CSPs infra which is like a "utility" model. Think Splunk, snowflake, SAP HANA, Netflix all becoming Over the Top [OTT} providers over multiple CSPs. It will become more common trend and many CSPs may look to acquire certain businesses just for their vertical expertise as well. [like Oracle/Cerner and Goldman announcing their own financial cloud]. -Aviatrix is a perfect fit for industry clouds.... a cookie cutter approach to offer their software in a secure, consistent manner on top of any cloud and intelligently connecting to end consumers. Revenue is directly proportional to how fast they onboard customers and expand in a consistent manner. Both Evgeny and Rahim offered 1:1 consulting session for any customers looking for advice. Reach out directly or contact Aviatrix info@aviatrix.com. Podcast link here. Hope you will enjoy. https://lnkd.in/geQG2zX6 --- Send in a voice message: https://anchor.fm/netjoints/message

Let’s Talk Cloud Networking - Unscripted
EP33 - Trillions of Dollars moving to the cloud and businesses leveraging multiple-clouds " - advice and tips from the most elite AWS blackbelts EVGENY VAGANOV & ABDUL RAHIM “

Let’s Talk Cloud Networking - Unscripted

Play Episode Listen Later Jul 1, 2022 63:22


Podcast 33 - “ Evgeny Vaganov and Abdul Rahim has ~12 years of combined experience at #awscloud and have worked with thousands of customers moving to cloud. In episode 33, we asked them to share their cloud journey, lessons learned and advice for customers. Some key points: - Many cloud deployment start as non mission critical, in a single cloud and organically grew into a giant mess that is hard to untangle, with several design flaws, lack of visibility, security holes and operational/governance nightmares. - CSP by design focus less on networking features as they have to prioritize durability, performance availability and ensure environment is secure. Pace of innovation is slow as they try to recreate 30 years worth of capabilities in a cloud way, which will take time. -Every single customer they met were either multi-cloud already or looking to extend in other clouds. Single CSP alone CANNOT meet requirements of enterprises. -Key points they love about Aviatrix is "end to end focus b.w apps and users" -Aviatrix has put the focus and control back on networking and security and Aviatrix ACE (#aviatrixace ) is the most beautiful opportunity. Think CCIE in 1995 but much bigger in terms of impact as cloud transformation will be 10x bigger and 100x faster. [Note: Rahim has 3 X CCIE's) -Industry clouds becoming more prominent with many vendors offering "Specialty as a service -SaaS" on top of multiple CSPs infra which is like a "utility" model. Think Splunk, snowflake, SAP HANA, Netflix all becoming Over the Top [OTT} providers over multiple CSPs. It will become more common trend and many CSPs may look to acquire certain businesses just for their vertical expertise as well. [like Oracle/Cerner and Goldman announcing their own financial cloud]. -Aviatrix is a perfect fit for industry clouds.... a cookie cutter approach to offer their software in a secure, consistent manner on top of any cloud and intelligently connecting to end consumers. Revenue is directly proportional to how fast they onboard customers and expand in a consistent manner. Both Evgeny and Rahim offered 1:1 consulting session for any customers looking for advice. Reach out directly or contact Aviatrix info@aviatrix.com. Podcast link here. Hope you will enjoy. https://lnkd.in/geQG2zX6 --- Send in a voice message: https://anchor.fm/netjoints/message

The Nonlinear Library
EA - Making Trillions for Effective Charities through the Consumer Economy by Brad West

The Nonlinear Library

Play Episode Listen Later Jul 1, 2022 18:35


Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Making Trillions for Effective Charities through the Consumer Economy, published by Brad West on June 30, 2022 on The Effective Altruism Forum. I write this paper in response to some feedback I have gotten from others in the EA community regarding the length of my prior post. So here's a shorter version. TLDR: Businesses that are either owned 100% by or direct 100% of their profits to charities would have a competitive advantage over traditional companies that benefit shareholders. This is because charities are more popular than normal investors and there is no additional cost to being a charity as opposed to a normal investor. Thus, these businesses working for charities, which I call Guiding Companies, could offer goods and services at the same price and of the same quality as ordinary businesses. Consequently, the project of creating and making the public aware of these companies-working-for- charities is potentially very high-impact, because these companies could tap into the profits in the broader economy and generate billions of dollars for effective charities. Charities as Profit Recipients of Businesses In most contexts today, consumers, or buyers of goods and services, are mostly unaware, and/or given little care to, who is on the other side of the transactions they engage. If you buy some laundry detergent or cables for your phone, usually some company's set of shareholders is gaining profit from your purchase. In any case, companies seldom advertise who is profiting on the seller side. Consequently, there is a dimension of difference in the global consumer economy on which almost no sellers compete:: the identity of the entities that benefit from your purchase, often, owners in some form. An attempt to compete on shareholder/owner identity could be very effective, given that there is no strong public sentiment in favor of company shareholders or the other existing stakeholders. This use of seller-identity to compete could be seen where a consumer has a friend that owns a business, such as a barbershop, and the consumer chooses her friend's barbershop out of a desire to help her friend. In that case, the consumer would be choosing on the basis of where the profit would go, without necessarily sacrificing quality of haircut or paying more. One set of entities that could potentially occupy that shareholder position would be various kinds of charities. This makes sense because people donate millions of dollars to Oxfam, for instance, but they do not donate any money to Amazon. Consequently, if a charity or charitable trust acquired a company (through a set of wealthy philanthropists funding the acquisition- perhaps through a leveraged buyout) and advertised this fact to the public- that they could advance popular causes by buying through the firm owned by a charity instead of its competitors- it should enjoy an advantage. This effect could also be achieved by a company that explicitly directs all of its profit to charities. I call this Guided Consumption because this situation would enable consumers to further their values by buying through specific firms that specifically communicate the identity of their owners. I call the companies that are either owned by charities or explicitly direct 100% of profit to charities Guiding Companies. A few conditions would be needed in addition to Guiding Companies, such as systems that ensure that Guiding Companies are doing what they say that they are doing. Another condition is effective marketing to tell the public about Guided Consumption, where they can channel their purchases to advance a charitable cause. If you are interested in reading my descriptions of these conditions, feel free to check out Section II of my longer paper. But the main concern, in my view, would be whether or not the networks boosting Guided Cons...

Creating Wealth Real Estate Investing with Jason Hartman
1862: House of Cards Economy: Trillions in Outstanding Credit, Joseph Wang - Fed Conspiracy? Part 2

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 29, 2022 40:35


Ladies and gentlemen we have an economy built on smoke and mirrors, built on a house of cards. Let's not forget that currency is lent into existence and today, Jason Hartman shares exactly how much outstanding credit the United States has.  Also, house inventory levels are starting to move in an upward direction. We're still a far cry from normal market levels, but Jason gives you the latest numbers from Altos Research.   Joseph Wang, aka The Fed Guy, former senior trader on the open markets desk at the Federal Reserve is back for part 2 of his interview today. Joseph gives his take on the Fed's response during times of economic crisis such as the Great Recession and the recent pandemic. Was it right of the Fed to get involved and stimulate the economy, or should they have let the economy and markets work themselves out? FedGuy.com Key Takeaways: Jason's editorial 1:03 Introducing Joseph Wang part 2 2:00 Based on Altos Research, housing inventory is going up up up! 3:03 Download our slide decks; just go to JasonHartman.com/Slides 4:15 The 90 day average; going back to a 'normal' market 5:18 Segmenting the market by price 9:45 Raffle Winners last week and pausing the raffle- for now 11:50 An economy of smoke and mirrors Joseph Wang Interview 17:52 The Philipps curve debate 20:43 Debt to GDP ratio and the dollar collapse 23:03 Why do other countries buy dollars?  26:35 Bloodbath in the cryptocurrency markets 29:10 Understanding the Fed - is there a man behind the curtain?  31:14 Was the Fed right to interfere during Covid and the Great Recession?  33:41 What is a shadow bank?  35:55 The story behind Long Term Capital Management 37:04 Be cautious with financial assets 38:47 Joseph Wang's book Central Banking 101, Learn more at FedGuy.com follow Joseph on Twitter @FedGuy12   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

The New Wave Entrepreneur
EP155: Friday Headlines (June 24, 2022) Uganda strikes gold, Russian ruble the strongest currency in 2022 & select US banks to custody crypto assets

The New Wave Entrepreneur

Play Episode Listen Later Jun 24, 2022 41:00


The New Wave Podcast: Daily Conversations On Web3.0, Business, Psychology, Psychedelics & More. A Show For People Seeking Spiritual, Psychological And Financial Sovereignty. Hosted By Best-Selling Author, Speaker and Entrepreneur Daniel DiPiazza. Daniel breaks down this week's news: the russian ruble is the strongest currency this year, Uganda strikes gold, some banks in US to custody Bitcoin and more. https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-2022/   https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold/   https://driveteslacanada.ca/news/texas-install-ev-charging-station-every-50-miles/   https://fortune.com/2022/06/21/microsoft-limits-access-facial-recognition/ https://finbold.com/u-s-governor-signs-bill-allowing-louisiana-banks-to-custody-bitcoin-and-crypto-for-customers/   https://www.sciencenews.org/article/gravitational-wave-radar-map-invisible-universe-spacetime-dark-matter ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The Return: Property & Investment Podcast
How software can solve the multi-trillion dollar waste problem with May Al-Karooni, Founder of Globechain, the leading ESG reporting and reuse marketplace worldwide and Anna Clare Harper

The Return: Property & Investment Podcast

Play Episode Listen Later Jun 23, 2022 20:48


Trillions of dollars of usable fixtures and fittings are thrown away each year. Most of us don't even know the financial cost of this waste, let alone the environmental cost. So how do we solve that problem? I had the chance to chat with May Al-Karooni, the Founder of Globechain.com, which is the leading ESG reporting and reuse marketplace worldwide. Topics include how Globechain's 10,000 members are using software to measure and manage their ESG impacts and recycle unwanted fixtures, fittings and furniture - from 40,000 carpet tiles to a single office chair - with an average time to find a new home of just 20 minutes. Guest website: https://globechain.com/ Guest LinkedIn: https://www.linkedin.com/in/may-al-karooni/ Host website: annaclareharper.com Host website: immo.capital Host LinkedIn: https://www.linkedin.com/in/annaclareharper/

Nigeria Politics Weekly
Atiku picks Okowa, Emiefele's Trillions & Peter Obi goes to Egypt

Nigeria Politics Weekly

Play Episode Listen Later Jun 20, 2022 69:42


@nigeriasbest and @phoenix_agenda were joined by @lloydatiku , @SNakande and @Dontee___ They discussed: 1. Governor Ifeanyi Okowa's seletion as Atiku's running mate. 2. Godwin Emiefele's illegal lending of N15.5 trillion to Buhari's government. 3. Peter Obi's trip to Egypt.

The Nonlinear Library
EA - [Linkpost] We're looking for an Executive Director to help trillions of animals by Rachel Norman

The Nonlinear Library

Play Episode Listen Later Jun 17, 2022 6:10


Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: [Linkpost] We're looking for an Executive Director to help trillions of animals, published by Rachel Norman on June 17, 2022 on The Effective Altruism Forum. If you have any questions about this role recently posted by Rethink Priorities, feel free to ask them in the comments on this post. About the project Despite the fact that trillions of insects are farmed and harmed annually, no charity exists that directly addresses the welfare issues they face. This situation raises the possibility that tackling insect welfare is a low-hanging charitable opportunity—we may be able to cost-effectively improve the lives or prevent the suffering of billions or even trillions of individuals. After reviewing several potential options, we believe that slowing the growth of the insect protein farming industry might be one of the most promising areas for insect advocates to address. While industrial insect production is being promoted as a sustainable alternative to feed the world, in practice, this emerging sector is primarily rearing insects to feed other farmed animals. In other words, massive insect production will unlikely solve–and may even aggravate–the harms of conventional animal farming. Insect farming is still nascent in western countries, but it is rapidly on the rise. Currently, there are about 85 billion insects on farms globally–approximately 10 times the human population. Since this figure is bound to increase in the near future, insects farmed for food and feed will soon outnumber all vertebrate animals farmed for food and will likely become the vast majority of all animals directly harmed or killed by humans for food production. To address this issue, Rethink Priorities is incubating a new organization, temporarily called the Insect Welfare Project. This new organization aims to improve the lives of insects by collaborating with others, making evidence-based decisions, innovating, and staying flexible to changing circumstances. Its first program will address urgent issues related to the growth of the industry raising insects for food and feed. We're now seeking an Executive Director for this project. This person will initially join us at Rethink Priorities while working to get the project off the ground and build it into a successful independent organization. While starting an organization can be a daunting task, we hope to provide significant support to the project and the Executive Director, including: Fiscal sponsorship in the short term while the project gets off the ground Commitment to fully fund the Executive Director's salary and benefits for at least one year Seed funding and introductions to interested funders to enable the growth of the organization over the next few years Access to researchers at Rethink Priorities, including a staff entomologist, to aid in the assessment of conditions for insects on farms Training in nonprofit operations, finance, and compliance, and ongoing operations support after the organization becomes independent of Rethink Priorities About the position We're seeking a visionary and strategic leader who will ideally grow the organization into a highly effective charity. In the short term, this position would report to the project's Steering Committee during an assessment period to ensure that the candidate is the right fit, after which we'd work with the candidate to help them incubate and launch this new organization as an independent entity. This position is remote and open to individuals in most countries. The salary is between $85,000 and $100,000 USD annually during the period that the organization is part of Rethink Priorities, depending on experience. In addition, Rethink Priorities offers comprehensive benefits, including health coverage and unlimited time off. In 20 years, if we look back to study missed opportunities to h...

Duel the Day
ThoughtLoad: Crypto Update 2 | Nico

Duel the Day

Play Episode Listen Later Jun 14, 2022 15:47


Markets are down across the board, but some of the issues we're experiencing (like inflation) were discussed in the crypto community years ago. Could it be that inflation is up due to the printing of TRILLIONS of dollars as well as the errors of governments and their politicians?I'd rather put my trust in math and cryptography, rather than a bunch of people who may or may not have their NATIONS best interest as heart.Begin the Duel, Win the DaySupport the show

Crypto Takeover Podcast
Ep 009 - JPMorgan Bringing Trillions to DeFi and How to Survive a Recession

Crypto Takeover Podcast

Play Episode Listen Later Jun 13, 2022 35:42


In today's episode we talk about how to survive a recession, why your money shouldn't be left on an exchange, and what about JPMorgan wanting to bring trillions of dollars to DeFi? We've got a jam-packed episode for you. We're diving into the current markets, but we'll also be giving some valuable tools to recognize how long a recession can last and some valuable tips on preparing for and surviving through a recession. The elites are trying to figure out what they want or need to do to "save the dollar" and we're simply trying to survive and prep for the next turnaround. What do things look like from a macro perspective and what do we do in the short term? So many great questions these days and a lot of them are currently unanswered. We're playing the waiting game while the markets decide what they're going to do, but these are the times when vast amounts of wealth can be created. We're seeing levels of inflation we haven't seen in 40 years. Gas prices are at ATHs for our generation. Grocery prices are rising drastically. We're wondering when Real Estate is going to turn around to the downside. This all sounds grim, but what if you were properly prepared for this and what if you could even take advantage of this type of market? You'd be able to create generational wealth, that's what! We chat about this and much more in today's episode. Join in the conversation and let's talk crypto! Please leave us a rating and review so we can reach more who are looking for this crypto education! Thank you for doing your part!

Alpha Exchange
Robin Wigglesworth, Editor, Alphaville

Alpha Exchange

Play Episode Listen Later Jun 10, 2022 58:14


With a curious mind and keen desire to learn how things work, Robin Wigglesworth has always found the complexity of financial markets fascinating. Now the editor of the well-regarded Alphaville markets blog, Robin has been with the Financial Times since 2008 and through this period he's covered episodes of crisis in traditional markets, and more recently, within the cryptocurrency realm. Robin shares his perspectives on how vastly the terrain has shifted in the delivery of financial media, pointing to the emergence of Twitter as a source of important information. In Robin's words, “journalism is best when it is quite heavily criticized”.The balance of our conversation is about Robin's excellent book, “Trillions”, a deep dive into the history of index funds and the massive growth in passive investing. Through his work we learn of the key developments and the key people whose contributions led to the juggernaut that is passive indexation today. Laying out the early academic research that called into question the notion that active management consistently generated alpha, Robin walks through the initial, inauspicious attempts to create vehicles that simply bought the market. With a view that the massive growth in passive investing is a very positive development, Robin reflects on some of the risks. In addition to the proliferation of questionable ETFs, he cites concentration – among the money managers, among the index providers and even the proxy vote advisors – as considerations to keep an eye on.I hope you enjoy this episode of the Alpha Exchange, my conversation with Robin Wigglesworth.

Palisade Radio
David Brady: The Dollar is Scheduled for Demolition

Palisade Radio

Play Episode Listen Later Jun 2, 2022 56:51


Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. David discusses the changes that have occurred in the markets since his last appearance on the show nearly two years ago. He believes another massive rally is coming for gold and that the Fed will reverse course. Countries never chose to default they always inflate their debts away. Markets today are centrally managed. What we have is not free-market capitalism. The Fed appears to be engineering a recession to curb inflation. Unemployment is far higher than we are being told and we see that reflected in the credit card use. Demand is starting to drop, and many people are down to just buying essentials. This is why we're going to see dis-inflation. Prices for everything going up at once is not indicative of supply chain issues. More money is simply chasing fewer goods. We have supply chain issues mixed with money printing. He expects the Fed to reverse policy and resume stimulus which will result in a final melt-up. At some point, the Fed's stimulus will be insufficient to prevent a crash. We've had an orderly sell-off recently in stocks, but what is coming will likely be a flash crash. The Fed prefers to have a ready excuse to compensate for its policies. Expect a 'major event' this fall which will be used as cover. This event will likely occur when the Fed decides to reverse policies. The dollar isn't strengthening in terms of purchasing power. It's just devaluing slower than all other currencies. When the Fed throws in the towel they will print trillions, and gold will go ballistic. The dollar is scheduled for demolition. David notes that banks are now long on silver which he believes will soon go 'bananas'. The conditions are in place for a major metals low, and the risk-reward ratio is massively skewed to the upside. Current metal prices may shortly never be seen again. Time Stamp References:0:00 - Introduction0:44 - Focus on the Fed6:44 - Trillions & Rates14:30 - Inflation Cause & Effect23:07 - Volatility & the Dollar26:50 - China & Gold Reserves33:00 - Treasuries & FX Theft35:26 - Housing Market Risks39:45 - His Process42:12 - Bottom in Metals?48:00 - Metal Premiums52:30 - Silver & Miners55:50 - Wrap Up Talking Points From This Episode Fed is engineering a recession to curb inflation.Everything is centrally managed, and the Fed will have to reverse its policy.The dollar is declining in purchasing power just slower than other currencies.Outlook for metals and why this may be the last time to buy at these levels. Guest Links:Twitter: https://twitter.com/globalprotraderSprott: https://www.sprottmoney.com/Blog/tag/david-brady.htmlWebsite: https://silverchartist.com/ David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and managed multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed," in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

The Long View
Eric Balchunas: Assessing Jack Bogle's Monumental Legacy

The Long View

Play Episode Listen Later May 24, 2022 57:10 Very Popular


Our guest this week is Eric Balchunas, who is a senior exchange-traded fund analyst for Bloomberg Intelligence, where he writes for and leads the fund research team. Balchunas is a fixture in financial media. He hosts the TV show Bloomberg ETF IQ and the podcast Trillions and is also a mainstay of social media under his popular Twitter account @EricBalchunas. Balchunas is also an accomplished author, his latest book being The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions, which we devote this episode to discussing. He earned his bachelor's degree in journalism and environmental economics from Rutgers University.BackgroundBioTwitter: @EricBalchunasThe Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors TrillionsVanguard: The Early Years"Inside 'The Bogle Effect'," Trillions podcast, Bloomberg.com, April 27, 2022."Investor Jack Bogle Founded His Legendary Company Based on His Princeton Senior Thesis," by Veronika Kero, cnbc.com, Jan. 17, 2019."How the Index Fund Was Born," by John C. Bogle, The Wall Street Journal, Sept. 3, 2011."Challenge to Judgment," by Paul A. Samuelson, The Journal of Portfolio Management, Fall 1974."Q&A With Jack Bogle: "We're in the Middle of a Revolution'," by Michael Regan, Bloomberg.com, Nov. 23, 2016.Gus SauterTed AronsonMichael LewisJason Zweig"Investing Legend Jack Bogle Says There's a Big Problem With Index Funds," by Sergei Klebnikov, money.com, Nov. 30, 2018.Bogle's BooksStay the Course: The Story of Vanguard and the Index Revolution, by John C. BogleThe Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, by John C. BogleEnough: True Measures of Money, Business, and Life, by John C. BogleCharacter Counts: The Creation and Building of The Vanguard Group, by John C. BogleOther"Sheryl Garrett: 'The Industry Thought I Was Nuts'," The Long View podcast, Morningstar.com, July 17, 2019."Michael Kitces: The Model Has to Change Again," The Long View podcast, Morningstar.com, June 5, 2019."Rick Ferri: 'There Are No Average Investors'," The Long View podcast, Morningstar.com, July 3, 2019."Gus Sauter: Efficient Markets Are a Good Thing," The Long View podcast, Morningstar.com, Dec. 4, 2019."Jack Brennan: Price Pressure in the Advice Business 'Is Inevitable'," The Long View podcast, Morningstar.com, June 23, 2021."Jason Zweig: Temperament Is Everything for Most Investors," The Long View podcast, Morningstar.com, June 29, 2021.

Bill Whittle Network
Biden vs. Bezos: Can President Whip Inflation Now by Taxing the Rich and Spending Trillions?

Bill Whittle Network

Play Episode Listen Later May 19, 2022 14:14


President Biden and Amazon CEO Jeff Bezos get into a Twitter spat over the White House plan to whip inflation now by jacking up taxes on the rich and spending trillions of dollars more. Scott Ott, Stephen Green and Bill Whittle create 260 new episodes of Right Angle each year thanks to our Members. When you join, you meet a legion of committed conservatives by unlocking exclusive features of our site. Find out more and become a Member when you click the big green button at https://BillWhittle.com If you wish to donate right now without becoming a Member, use the big blue button to make a one-time or recurring donation with PayPal or credit card. Thank you.

Todd N Tyler Radio Empire
5/17 3-1 TRILLIONS of Minutes of TV

Todd N Tyler Radio Empire

Play Episode Listen Later May 17, 2022 24:12


I did my share!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Screaming in the Cloud
Stepping Onto the AWS Commerce Platform with James Greenfield

Screaming in the Cloud

Play Episode Listen Later May 17, 2022 45:23


About JamesJames has been part of AWS for over 15 years. During that time he's led software engineering for Amazon EC2 and more recently leads the AWS Commerce Platform group that runs some of the largest systems in the world, handling volumes of data and request rates that would make your eyes water. And AWS customers trust us to be right all the time so there's no room for error.Links Referenced:Email: jamesg@amazon.comTranscriptAnnouncer: Hello, and welcome to Screaming in the Cloud with your host, Chief Cloud Economist at The Duckbill Group, Corey Quinn. This weekly show features conversations with people doing interesting work in the world of cloud, thoughtful commentary on the state of the technical world, and ridiculous titles for which Corey refuses to apologize. This is Screaming in the Cloud.Corey: This episode is sponsored in part by our friends at Vultr. Optimized cloud compute plans have landed at Vultr to deliver lightning-fast processing power, courtesy of third-gen AMD EPYC processors without the IO or hardware limitations of a traditional multi-tenant cloud server. Starting at just 28 bucks a month, users can deploy general-purpose, CPU, memory, or storage optimized cloud instances in more than 20 locations across five continents. Without looking, I know that once again, Antarctica has gotten the short end of the stick. Launch your Vultr optimized compute instance in 60 seconds or less on your choice of included operating systems, or bring your own. It's time to ditch convoluted and unpredictable giant tech company billing practices and say goodbye to noisy neighbors and egregious egress forever. Vultr delivers the power of the cloud with none of the bloat. “Screaming in the Cloud” listeners can try Vultr for free today with a $150 in credit when they visit getvultr.com/screaming. That's G-E-T-V-U-L-T-R dot com slash screaming. My thanks to them for sponsoring this ridiculous podcast.Corey: Finding skilled DevOps engineers is a pain in the neck! And if you need to deploy a secure and compliant application to AWS, forgettaboutit! But that's where DuploCloud can help. Their comprehensive no-code/low-code software platform guarantees a secure and compliant infrastructure in as little as two weeks, while automating the full DevSecOps lifestyle. Get started with DevOps-as-a-Service from DuploCloud so that your cloud configurations are done right the first time. Tell them I sent you and your first two months are free. To learn more visit: snark.cloud/duplo. Thats's snark.cloud/D-U-P-L-O-C-L-O-U-D. Corey: Welcome to Screaming in the Cloud. I'm Corey Quinn. And I've been angling to get someone from a particular department at AWS on this show for nearly its entire run. If you were to find yourself in an Amazon building and wander through the various dungeons and boiler rooms and subterranean basements—I presume; I haven't seen nearly as many of you inside of those buildings as people might think—you pass interesting departments labeled things like ‘Spline Reticulation,' or whatnot. And then you come to a very particular group called Commerce Platform.Now, I'm not generally one to tell other people's stories for them. My guest today is James Greenfield, the VP of Commerce Platform at AWS. James, thank you for joining me and suffering the slings and arrows I will no doubt be hurling at you.James: Thanks for having me. I'm looking forward to it.Corey: So, let's start at the very beginning—because I guarantee you, you're going to do a better job of giving the chapter and verse answer than I would from a background mired deeply in snark—what is Commerce Platform? It sounds almost like it's the retail website that sells socks, books, and underpants.James: So, Commerce Platform actually spans a bunch of different things. And so, I'm going to try not to bore you with a laundry list of all of the things that we do—it's a much longer list than most people assume even internal to AWS—at its core, Commerce Platform owns all of the infrastructure and processes and software that takes the fact that you've been running an EC2 instance, or you're storing an object in S3 for some period of time, and turns it into a number at the end of the month. That is what you asked for that service and then proceeds to try to give you as many ways to pay us as easily as possible. There are a few other bits in there that are maybe less obvious. One is we're also responsible for protecting the platform and our customers from fraudulent activity. And then we're also responsible for helping collect all of the data that we need for internal reporting to support some of the back-ends services that a business needs to do things like revenue recognition and general financial reporting.Corey: One of the interesting aspects about the billing system is just how deeply it permeates everything that happens within AWS. I frequently say that when it comes to cloud, cost and architecture are foundationally and fundamentally the same exact thing. If your entire service goes down, a few interesting things happen. One, I don't believe a single customer is going to complain other than maybe a few accountants here and there because the books aren't reconciling, but also you've removed a whole bunch of constraints around why things are the way that they are. Like, what is the most efficient way to run this workload?Well, if all the computers suddenly become free, I don't really care about efficiency, so much is, “Oh, hey. There's a fly, what do I have as a flyswatter? That's right, I'm going to drop a building on it.” And those constraints breed almost everything. I've said, for example, that S3 has infinite storage because it does.They can add drives faster than we're able to fill them—at least historically; they added some more replication services—but they're going to be able to buy hard drives faster than the rest of us are going to be able to stretch our budgets. If that constraint of the budget falls away, all bets are really off, and more or less, we're talking about the destruction of the cloud as a viable business entity. No pressure or anything.James: [laugh].Corey: You're also a recent transplant into AWS billing as a whole, Commerce Platform in general. You spent 15 years at the company, the vast majority of that over an EC2. So, either it was you've been exiled to a basically digital Siberia or it was one of those, “Okay, keeping all the EC2 servers up, this is easy. I don't see what people stress about.” And they say, “Oh, ho ho, try this instead.” How did you find yourself migrating over to the Commerce Platform?James: That's actually one I've had a lot from folks that I've worked with. You're right, I spent the first 15 or so years of my career at AWS in EC2, responsible for various things over there. And when the leadership role in Commerce Platform opened up, the timing was fortuitous, and part of it, I was in the process of relocating my family. We moved to Vancouver in the middle of last year. And we had an opening in the role and started talking about, potentially, me stepping into that role.The reason that I took it—there's a few reasons, but the primary reason is that if I look back over my career, I've kind of naturally gravitated towards owning things where people only really remember that they exist when they're not working. And for some reason, you know, I enjoy the opportunity to try to keep those kinds of services ticking over to the point where people don't notice them. And so, Commerce Platform lands squarely in that space. I've always been attracted to opportunities to have an impact, and it's hard to imagine having much more of an impact than in the Commerce Platform space. It underpins everything, as you said earlier.Every single one of our customers depends on the service, whether they think about it or realize it. Every single service that we offer to customers depends on us. And so, that really is the sort of nexus within AWS. And I'm a platform guy, I've always been a platform guy. I like the force multiplier nature of platforms, and so Commerce Platform, you know, as I kind of thought through all of those elements, really was a great opportunity to step in.And I think there's something to be said for, I've been a customer of Commerce Platform internally for a long time. And so, a chance to cross over and be on the other side of that was something that I didn't want to pass up. And so, you know, I'm digging in, and learning quickly, ramping up. By no means an expert, very dependent on a very smart, talented, committed group of people within the team. That's kind of the long and short of how and why.Corey: Let's say that I am taking on the role of an AWS product team, for the sake of argument. I know, keep the cringe down for a second, as far as oh, God, the wince is just inevitable when the idea of me working there ever comes up to anyone. But I have an idea for a service—obviously, it runs containers, and maybe it does some other things as well—going from idea to six-pager to MVP to barely better than MVP day-one launch, and at some point, various things happen to that service. It gets staff with a team, objectives and a roadmap get built, a P&L and budget, and a pricing model and the rest. One the last thing that happens, apparently, is someone picks the worst name off of a list of candidates, slaps it on the product, and ships it off there.At what point does the billing system and figuring out the pricing dimensions for a given service tend to factor in? Is that a last-minute story? Is that almost from the beginning? Where along that journey does, “Oh, by the way, we're building this thing. Maybe we should figure out, I don't know, how to make money from it.” Factor into the conversation?James: There are two parts to that answer. Pretty early on as we're trying to define what that service is going to look like, we're already typically thinking about what are the dimensions that we might charge along. The actual pricing discussions typically happen fairly late, but identifying those dimensions and, sort of, the right way to present it to customers happens pretty early on. The thing that doesn't happen early enough is actually pulling the Commerce Platform team in. but it is something that we're going to work this year to try to get a little bit more in front of.Corey: Have you found historically that you have a pretty good idea of how a service is going to be priced, everything is mostly thought through, a service goes to either private preview or you're discussing about a launch, and then more or less, I don't know, someone like me crops up with a, “Hey, yeah, let's disregard 90% of what the service does because I see a way to misuse the remaining 10% of it as a database.” And you run some mental math and realize, “Huh. We're suddenly giving, like, eight petabytes of storage per customer away for free. Maybe we should guard against that because otherwise, it's rife with misuse.” It used to be that I could find interesting ways to sneak through the cracks of various services—usually in pursuit of a laugh—those are getting relatively hard to come by and invariably a lot more trouble than they're worth. Is that just better comprehensive diligence internally, is that learning from customers, or am I just bad at this?James: No, I mean, what you're describing is almost a variant of the Defender's Dilemma. They are way more ways to abuse something than you can imagine, and so defending against that is pretty challenging. And it's important because, you know, if you turn the economics of something upside down, then it just becomes harder for us to offer it to customers who want to use it legitimately. I would say 90% of that improvement is us learning. We make plenty of mistakes, but I think, you know, one of the things that I've always been impressed by over my time here is how intentional we are trying to learn from those mistakes.And so, I think that's what you're seeing there. And then we try very hard to listen to customers, talk to folks like you, because one of the best ways to tackle anything it smells of the Defender's Dilemma is to harness that collective creativity of a large number of smart people because you really are trying to cover as much ground as possible.Corey: There was a fun joke going around a while back of what is the most expensive environment you can get running on a free tier account before someone from AWS steps in, and I think I got it to something like half a billion dollars in the first month. Now, I haven't actually tested this for reasons that mostly have to do with being relatively poor compared to, you know, being able to buy Guam. And understanding as well the fraud protections built into something like AWS are largely built around defending against getting service usage for free that in some way, shape or form, benefits the attacker. The easy example of that would be mining cryptocurrency, which is just super-economic as long as you use someone else's AWS account to do it. Whereas a lot of my vectors are, “Yeah, ignore all of that. How do I just make the bill artificially high? What can I do to misuse data transfer? And passing a single gigabyte through, how much can I make that per gigabyte cost be?” And, “Oh, circular replication and the Lambda invokes itself pattern,” and basically every bad architectural decision you can possibly make only this time, it's intentional.And that shines some really interesting light on it. And I have to give credit where due, a lot of that didn't come from just me sitting here being sick and twisted nearly so much as it did having seen examples of that type of misconfiguration—by mistake—in a variety of customer accounts, most confidently my own because it turns out that the way I learn things is by screwing them up first.James: Yeah, you've touched on a couple of different things in there. So, you know, maybe the first one is, I typically try to draw a line between fraud and abuse. And fraud is essentially trying to spend somebody else's money to get something for free. And we spent a lot of time trying to shut that down, and we're getting really good at catching it. And then abuse is either intentional or unintentional. There's intentional abuse: You find a chink in our armor and you try to take advantage of it.But much more commonly is unintentional abuse. It's not really abuse, you know. Abuse has very negative connotations, but it's unintentionally setting something up so that you run up a much larger bill than you intended. And we have a number of different internal efforts, and we're working on a bunch more this year, to try to catch those early on because one of my personal goals is to minimize the frequency with which we surprise customers. And the least favorite kind of surprise for customers is a [laugh] large bill. And so, what you're talking about there is, in a sufficiently complex system, there's always going to be weaknesses and ways to get yourself tied up in knots.We're trying both at the service team level, but also within my teams to try to find ways to make it as hard as possible to accidentally do that to yourself and then catch when you do so that we can stop it. And even more on the intentional abuse side of things, if somebody's found a way to do something that's problematic for our services, then you know, that's pretty much on us. But we will often reach out and engage with whoever's doing and try to understand what they're trying to do and why. Because often, somebody's trying to do something legitimate, they've got a problem to solve, they found a creative way to solve it, and it may put strain on the service because it's just not something we designed for, and so we'll try to work with them to use that to feed into either new services, or find a better place for that workload, or just bolster what they're using. And maybe that's something that eventually becomes a fully-fledged feature that we offer the customers. We're always open to learning from our customers. They have found far more creative ways to get really cool things done with our services than we've ever imagined. And that's true today.Corey: I mean, most of my service criticisms come down to the fact that you have more-or-less built a very late model, high performing iPad, and I'm out there complaining about, “What a shitty hammer this thing is, it barely works at all, and then it breaks in my hand. What gives?” I would also challenge something you said a minute ago that the worst day for some customers is to get a giant surprise bill, but [unintelligible 00:13:53] to that is, yeah, but, on some level, that kind of only money; you do have levers on your side to fix those issues. A worse scenario is you have a customer that exhibits fraud-like behavior, they're suddenly using far more resources than they ever did before, so let's go ahead and turn them off or throttle them significantly, and you call them up to tell them you saved them some money, and, “Our Superbowl ad ran. What exactly do you think you're doing?” Because they don't get a second bite at that kind of Apple.So, there's a parallel on both sides of this. And those are just two examples. The world is full of nuances, and at the scale that you folks operate at. The one-in-a-million events happen multiple times a second, the corner cases become common cases, and I'm surprised—to be direct—how little I see you folks dropping the ball.James: Credit to all of the teams. I think our secret sauce, if anything, really does come down to our people. Like, a huge amount of what you see as hopefully relatively consistent, good execution comes down to people behind the scenes making sure. You know, like, some of it is software that we built and made sure it's robust and tested to scale, but there's always an element of people behind the scenes, when you hit those edge cases or something doesn't quite go the way that you planned, making sure that things run smoothly. And that, if anything, is something that I'm immensely proud of and is kind of amazing to watch from the inside.Corey: And, on some level, it's the small errors that are the bigger concern than the big ones. Back a couple years ago, when they announced GP3 volumes at re:Invent, well, great, well spin up a test volume and kick the tires on it for an hour. And I think it was 80 or 100 gigs or whatnot, and the next day in the bill, it showed up as about $5,000. And it was, “Okay, that's not great. Not great at all.” And it turned out that it was a mispricing error by I think a factor of a million.And okay, at least it stood out. But there are scenarios where we were prepared to pay it because, oops, you got one over on us. Good job. That's never been the mindset I've gotten about AWS's philosophy for pricing. The better example that I love because no one took it seriously, was a few years before that when there was a LightSail bug in the billing system, and it made the papers because people suddenly found that for their LightSail instance, they were getting predicted bills of $4 billion.And the way I see it, you really only had to make that work once and then you've made your numbers for the year, so why not? Someone's going to pay for it, probably. But that was such out-of-the-world numbers that no one saw that and ever thought it was anything other than a bug. It's the small pernicious things that creep in. Because the billing system is vast; I had no idea when I started working with AWS bills just how complicated it really was.James: Yeah, I remember both of those, and there's something in there that you touched on that I think is really important. That's something that I realized pretty early on at Amazon, and it's why customer obsession is our flagship leadership principle. It's not because it's love and butterflies and unicorns; customer obsession is key to us because that's how you build a long-term sustainable business is your customers depend on you. And it drives how we think about everything that we do. And in the billing space, small errors, even if there are small errors in the customer's favor, slowly erode that trust.So, we take any kind of error really seriously and we try to figure out how we can make sure that it doesn't happen again. We don't always get that right. As you said, we've built an enormous, super-complex business to growing really quickly, and really quick growth like that always acts as kind of a multiplier on top of complexity. And on the pricing points, we're managing millions of pricing points at the moment.And our tools that we use internally, there's always room for improvement. It's a huge area of focus for us. We're in the beginning of looking at applying things like formal methods to make sure that we can make very hard guarantees about the correctness of some of those. But at the end of the day, people are plugging numbers in and you need as many belts and braces as possible to make sure that you don't make mistakes there.Corey: One of the things that struck me by surprise when I first started getting deep into this space was the fact that the finalized bill was—what does it mean to have this be ‘finalized?' It can hit the Cost and Usage Report in an S3 bucket and it can change retroactively after the month closed periodically. And that's when I started to have an inkling of a few things: Not just the sheer scale and complexity inherent to something like the billing system that touches everything, but the sheer data retention stories where you clearly have to be able to go back and reconstruct a bill from the raw data years ago. And I know what the output of all of those things are in the form of Cost and Usage Reports and the billing data from our client accounts—which is the single largest expense in all of our AWS accounts; we spent thousands and thousands and thousands of dollars a year just on storing all of that data, let alone the processing piece of it—the sheer scale is staggering. I used to wonder why does it take you a day to record me using something to it's showing up in the bill? And the more I learned the more it became a how can you do that in only a day?James: Yes, the scale is actually mind-boggling. I'm pretty sure that the core of our billing system is—I'm reasonably confident it's the largest or one of the largest data processing systems on the planet. I remember pretty early on when I joined Commerce Platform and was still starting to wrap my head around some of these things, Googling the definition of quadrillion because we measured the number of metering events, which is how we record usage in services, on a daily basis in the quadrillions, which is a billion billions. So, it's just an absolutely staggering number. And so, the scale here is just out of this world.That's saying something because it's not like other services across AWS are small in their own right. But I'm still reasonably sure that being one of a handful of services that is kind of at the nexus of AWS and kind of deals with the aggregate of AWS's scale, this is probably one of the biggest systems on the planet. And that shows up in all sorts of places. You start with that input, just the sheer volume of metering events, but that has to produce as an output pretty fine-grained line item detailed information, which ultimately rolls up into the total that a customer will see in their bill. But we have a number of different systems further down the pipeline that try to do things like analyze your usage, make sensible recommendations, look for opportunities to improve your efficiency, give you the ability to slice and dice your data and allocate it out to different parts of your business in whatever way it makes sense for your business. And so, those systems have to deal with anywhere from millions to billions to recently, we were talking about trillions of data points themselves. And so, I was tangentially aware of some of the scale of this, but being in the thick of it having joined the team really just does underscore just how vast the systems are.Corey: I think it's, on some level, more than a little unfortunate that that story isn't being more widely told, more frequently. Because when Commerce Platform has job postings that are available on the website, you read it and it's very vague. It doesn't tend to give hard numbers about a lot of these things, and people who don't play in these waters can easily be forgiven for thinking the way that you folks do your job is you fire up one of those 24 terabyte of RAM instances that—you know, those monstrous things that you folks offer—and what do you do next? Well, Microsoft Excel. We have a special high memory version that we've done some horse-trading with our friends over at Microsoft for.It's, yeah, you're several steps beyond that, at this point. It's a challenging problem that every one of your customers has to deal with, on some level, as well. But we're only dealing with the output of a lot of the processing that you folks are doing first.James: You're exactly right. And a big focus for some of my teams is figuring out how to help customers deal with that output. Because even if you're talking about couple of orders of magnitude reduction, you're still talking about very large numbers there. So, to help customers make sense of that, we have a range of tools that exist, we're investing in.There's another dimension of complexity in the space that I think is one that's also very easy to miss. And I think of it as arbitrary complexity. And it's arbitrary because some of the rules that we have to box within here are driven by legislative changes. As you operate more and more countries around the world, you want to make sure that we're tax compliant, that we help our customers be tax compliant. Those rules evolve pretty rapidly, and Country A may sit next to Country B, but that doesn't mean that they're talking to one another. They've all got their own ideas. They're trying to accomplish r—00:22:47Corey: A company is picking up and relocating from India to Germany. How do we—James: Exactly.Corey: —change that on the AWS side and the rest? And it's, “Hoo boy, have you considered burning it all down and filing an insurance claim to start over?” And, like, there's a lot of complexity buried underneath that that just doesn't rise to the notice of 99% of your customers.James: And the fact that it doesn't rise to the notice is something that we strive for. Like, these shouldn't be things that customers have to worry about. Because it really is about clearing away the things that, as far as possible, you don't want to have to spend time thinking about so that you can focus on the thing that your business does that differentiates you. It's getting rid of that undifferentiated heavy lifting. And there's a ton of that in this space, and if you're blissfully unaware of it, then hopefully that means that we're doing our job.Corey: What I'm, I think, the most surprised about, and I have been for a long time. And please don't take this as an insult to various other folks—engineers, the rest, not just in other parts of AWS but throughout the other industry—but talking to the people who work within Commerce Platform has always been just a fantastic experience. The caliber of people that you have managed to attract and largely retain—we don't own people, they do matriculate out eventually—but the caliber of people that you've retained on your teams has just been out of this world. And at first, I wondered, why are these awesome people working on something as boring and prosaic as billing? And then I started learning a little bit more as I went, and, “Oh, wow. How did they learn all the stuff that they have to hold in their head in tension at once to be able to build things like this?” It's incredibly inspiring just watching the caliber of the people that you've been able to bring in.James: I've been really, really excited joining this team, as I've gotten other folks on the team because there's some super-smart people here. But what's really jumped out to me is how committed the team is. This is, for the most part, a team that has been in the space for many years. Many of them have—we talk about boomerangs, folks who live AWS, go spend some time somewhere else and come back and there's a surprisingly high proportion of folks in Commerce Platform who have spent time somewhere else and then come back because they enjoy the space, they find that challenging, folks are attracted to the ability to have an impact because it is so foundational. But yeah, there's a super-committed core to this team. And I really enjoy working with teams where you've got that because then you really can take the long view and build something great. And I think we have tons of opportunities to do that here.Corey: It sounds ridiculous, but I've reached out to team members before to explain two-cent variances in my bill, and never once have I been confronted with a, “It's two cents. What do you care?” They understand the requirement that these things be accurate, not just, “Eh, take our word for it.” And also, frankly, they understand that two cents on a $20 bill looks a little different on a $20 million bill. So yeah, let us figure out if this is systemic or something I have managed to break.It turns out the Cost and Usage Report processing systems don't love it when there's a cost allocation tag whose name contains an emoji. Who knew? It's the little things in life that just have this fun way of breaking when you least expect it.James: They're also a surprisingly interesting problem. So like, it turns out something as simple as rounding numbers consistently across a distributed system at this scale, is a non-trivial problem. And if you don't, then you do get small seventh or eighth decimal place differences that add up to something that then shows up as a two-cent difference somewhere. And so, there's some really, really interesting problems in the space. And I think the team often takes these kinds of things as a personal challenge. It should be correct, and it's not, so we should go make sure it is correct. The interesting problems abound here, but at the end of the day, it's the kind of thing that any engineering team wants to go and make sure it's correct because they know that it can be.Corey: This episode is sponsored in parts by our friend EnterpriseDB. EnterpriseDB has been powering enterprise applications with PostgreSQL for 15 years. And now EnterpriseDB has you covered wherever you deploy PostgreSQL on premises, private cloud, and they just announced a fully managed service on AWS and Azure called BigAnimal, all one word. Don't leave managing your database to your cloud vendor because they're too busy launching another half dozen manage databases to focus on any one of them that they didn't build themselves. Instead, work with the experts over at EnterpriseDB. They can save you time and money, they can even help you migrate legacy applications, including Oracle, to the cloud.To learn more, try BigAnimal for free. Go to biganimal.com/snark, and tell them Corey sent you.Corey: On the one hand, I love people who just round and estimate—we all do that, let's be clear; I sit there and I back-of-the-envelope everything first. But then I look at some of your pricing pages and I count the digits after the zeros. Like, you're talking about trillionths of a dollar on some of your pricing points. And you add it up in the course of a given hour and it's like, oh, it's $250 a month, most months. And it's you work backwards to way more decimal places of precision than is required, sometimes.I'm also a personal fan of the bill that counts, for example, number of Route 53 zones. Great. And it counts them to four decimal places of precision. Like, I don't even know what half of it Route 53 zone is at this point, let alone something to, like, ah the 1,000th of the zone is going to cause this. It's all an artifact of what the underlying systems are.Can you by any chance shed a little light on what the evolution of those systems has been over a period of time? I have to imagine that anything you built in the early days, 16 years ago or so from the time of this recording when S3 launched to general availability, you probably didn't have to worry about this scope and scale of what you do, now. In fact, I suspect if you tried to funnel this volume through S3 back then, the whole thing would have collapsed under its own weight. What's evolved over the time that you had the billing system there? Because changes come slowly to your environment. And frankly, I appreciate that as a customer. I don't like surprising people in finance.James: Yeah, you're totally right. So, I joined the EC2 team as an engineer myself, some 16 years ago, and the very first thing that I did was our billing integration. And so, my relationship with the Commerce Platform organization—what was the billing team way back when—it goes back over my entire career at AWS. And at the time, the billing team was similar, you know, [unintelligible 00:28:34] eight people. And that was everything. There was none of the scale and complexity; it was all one system.And much like many of our biggest, oldest services—EC2 is very similar, S3 is as well—there's been significant growth over the last decade-and-a-half. A lot of that growth has been rapid, and rapid growth presents its own challenges. And you live with decisions that you make early on that you didn't realize were significant decisions that have pretty deep implications 15 years later. We're still working through some of those; they present their own challenges. Evolving an existing system to keep up with the growth of business and a customer base that's as varied and complex as ours is always challenging.And also harder but I also think more fun than a clean sheet redo at this point. Like, that's a great thought exercise for, well, if we got to do this again today, what would we do now that we've learned so much over the last 15 years? But there's this—I find it personally fascinating challenge with evolving a live system where it's like, “No, no, like, things exist, so how do we go from there to where we want to be next?”Corey: Turn the billing system off for 18 months, rebuild—James: Yeah. [laugh].Corey: The whole thing from first principles. Light it up. I'm sure you'd have a much better billing system, and also not a company left anymore.James: [laugh]. Exactly, exactly. I've always enjoyed that challenge. You know, even prior to AWS, my previous careers have involved similar kinds of constraints where you've got a live system, or you've got an existing—in the one case, it was an existing SDK that was deployed to tens of thousands of customers around the world, and so backwards compatibility was something that I spent the first five years of my career thinking about it way more detail than I think most people do. And it's a very similar mindset. And I enjoy that challenge. I enjoy that: How do I evolve from here to there without breaking customers along the way?And that's something that we take pretty seriously across AWS. I think SimpleDB is the poster child for we never turn things off. But that applies equally to the services that are maybe less visible to customers, and billing is definitely one of them. Like, we don't get to switch stuff off. We don't get to throw things away and start again. It's this constant state of evolution.Corey: So, let's say that I were to find a way to route data through a series of two Managed NAT Gateways and then egress to internet, and the sheer density of the expense of that traffic tears a hole in the fabric of space-time, it goes back 15 years ago, and you can make a single change to how the billing system was built. What would it be? What pisses you off the most about the current constraints that you have to work within or around?James: I think one of the biggest challenges we've got, actually, is the concept of an account. Because an account means half-a-dozen different things. And way back, when it seemed like a great idea, you just needed an account; an account was your customer, and it was the same thing as the boundary that you put all your resources inside. And of course, it's the same thing that you're going to roll all of your usage up and issue a bill against. And that has been one of the areas that's seen the most evolution and probably still has a pretty long way to go.And what's interesting about that is, that's probably something we could have seen coming because we watched the retail business go through, kind of, the same evolution because they started with, well, a customer is a customer is a customer and had to evolve to support the concept of sellers and partners. And then users are different than customers, and you want to log in and that's a different thing. So, we saw that kind of bifurcation of a single entity into a wide range of different related but separate entities, and I think if we'd looked at that, you know, thought out 15 years, then yeah, we could probably have learned something from that. But at the same time, when AWS first kicked off, we had wild ambitions for it, but there was no guarantee that it was going to be the monster that it is today. So, I'm always a little bit reluctant to—like, it's a great thought exercise, but it's easy to end up second-guessing a pretty successful 15 years, so I'm always a little bit careful to walk that line. But I think account is one of the things that we would probably go back and think about a little bit more.Corey: I want to be very clear with this next question that it is intentionally setting up a question I suspect you get a lot. It does not mirror my own thinking on the matter even slightly, but I get a version of it myself all the time. “AWS bills, that sounds boring as hell. Why would you choose to work on such a thing?” Now, I have a laundry list of answers to that aren't nearly as interesting as I suspect yours are going to be. What makes working on this problem space interesting to you?James: There's a bunch of different things. So, first and foremost, the scale that we're talking about here is absolutely mind-blowing. And for any engineer who wants to get stuck into problems that deal with mind-blowingly large volumes of data, incredibly rich dimensions, problems where, honestly, applying techniques like statistical reasoning or machine learning is really the only way to chip away at it, that exists in spades in the space. It's not always immediately obvious, and I think from the outside, it's easy to assume this is actually pretty simple. So, the scale is a huge part of that.Corey: “Oh, petabytes. How quaint.”James: [laugh]. Exactly. Exactly I mean, it's mind-blowing every time I see some of the numbers in various parts of the Commerce Platform space. I talked about quadrillions earlier. Trillions is a pretty common unit of measure.The complexity that I talked about earlier, that's a result of external environments is another one. So, imposed by external entities, whether it's a government or a tax authority somewhere, or a business requirement from customers, or ourselves. I enjoy those as well. Those are different kinds of challenge. They really keep you on your toes.I enjoy thinking of them as an engineering problem, like, how do I get in front of them? And that's something we spend a lot of time doing in Commerce Platform. And when we get it right, customers are just unaware of it. And then the third one is, I personally am always attracted to the opportunity to have an impact. And this is a space where we get to hopefully positively impact every single customer every day. And that, to me is pretty fulfilling.Those are kind of the three standout reasons why I think this is actually a super-exciting space. And I think it's often an underestimated space. I think once folks join the team and sort of start to dig in, I've never heard anybody after they've joined, telling me that what they're doing is boring. Challenging, yes. Is frustrating, sometimes. Hard, absolutely, but boring never comes up.Corey: There's almost no service, other than IAM, that I can think of that impacts every customer simultaneously. And it's easy for me to sit in the cheap seats and say, “Oh, you should change this,” or, “You should change that.” But every change you have is so massive in scale that it's going to break a whole bunch of companies' automations around the bill processing in different ways. You have an entire category of user persona who is used to clicking a certain button in this certain place in the console to generate the report every month, and if that button moves or changes color, or has a different font, suddenly that renders their documentation invalid, and they're scrambling because it's not their core competency—nor should it be—and every change you make is so constricted, just based upon all the different concerns that you've got to be juggling with. How do you get anything done at all? I find that to be one of the most impressive aspects about your organization, bar none.James: Yeah, I'm not going to lie and say that it isn't a challenge, but a lot of it comes down to the talent that we have on the team. We have a super-motivated, super-smart, super-engaged team, and we spend a lot of time figuring out how to make sure that we can keep moving, keep up with the business, keep up with a world that's getting more complicated [laugh] with every passing day. So, you've kind of hit on one of the core challenges there, which is, how do we keep up with all of those different dimensions that are demanding an increasing amount of engineering and new support and new investment from us, while we keep those customers happy?And I think you touched on something else a little bit indirectly there, which is, a lot of our customers are actually pretty technical across AWS. The customers that Commerce Platform supports, are often the least technical of our customers, and so often need the most help understanding why things are the way they are, where the constraints are.Corey: “A big bill from Amazon. How many books did you people buy last month?”—James: [laugh]. Exactly.Corey: —is still very much level of understanding in some cases. And it's not because they're dumb; far from it. It's just, imagine that some people view there as being more to life than understanding the nuances and intricacies of cloud computing. How dare they?James: Exactly. Who would have thought?Corey: So, as you look now over all of your domain, such as it is, what sucks the most? What are you looking to fix as far as impactful changes that the rest of the world might experience? Because I'm not going to accept one of those questions like, “Oh, yeah, on the back-end, we have this storage subsystem for a tertiary thing that just annoys me because it wakes us up once in a whi”—no, no, I want something customer-facing. What's the painful thing you're looking at fixing next?James: I don't like surprising customers. And free tier is, sort of, one of those buckets of surprises, but there are others. Another one that's pretty squarely in my sights is, whether we like it or not, customer accounts get compromised. Usually, it's a password got reused somewhere or was accidentally committed into a GitHub repository somewhere.And we have pretty established, pretty effective mechanisms for finding all of those, we'll scan for passwords and credentials, and alert customers to those, and help them correct that pretty quickly. We're also actually pretty good at detecting when an account does start to do something that suggests that it's been compromised. Usually, the first thing that a compromised account starts to do is cryptocurrency mining. We're pretty quick to catch those; we catch those within a matter of hours, much faster most days.What we haven't really cracked and where I'm focused at the moment is getting back to the customer in a way that's effective. And by that I mean specifically, we detect an account compromised super-quickly, we reach out automatically. And so, you know, a customer has got some kind of contact from us usually within a couple of hours. It's not having the effect that we need it to. Customers are still being surprised a month later by a large bill. And so, we're digging into how much of that is because they never saw the contact, they didn't know what to do with the contact.Corey: It got buried with all the other, “Hey, we saw you spun up an S3 bucket. Have you heard of what S3 is?” Again, that's all valuable, but you have 300-some-odd services. If you start doing that for every service, you're going to hit mail sending limits for Gmail.James: Exactly. It's not just enough that we detect those and notify customers; we have to reduce the size of the surprise. It's one thing to spend 100 bucks a month on average, and then suddenly find that your spend has jumped $250 because you reused the password somewhere and somebody got ahold of it and it's cryptocurrency-mining your account. It's a whole different ballgame to spend 100 bucks a month and then at the end of the month discover that your bill is suddenly $2,000 or $20,000. And so, that's something that I really wanted to make some progress on this year. Corey: I've really enjoyed our conversation. If people want to learn more about how you view these things, how you're approaching some of these problems, or potentially are just the right kind of warped to consider joining up, where's the best place for them to go?James: They should drop me an email at jamesg@amazon.com. That is the most direct way to get hold of me, and I promise I will get back to you. I try to stay on top of my email as much as possible. But that will come straight to me, and I'm always happy to talk to folks about the space, talk to folks about opportunities in this team, opportunities across AWS, or just hear what's not working, make sure that it's something that we're aware of and looking at.Corey: Throughout Amazon, but particularly within Commerce Platform, I've always appreciated the response of, whenever I report something, no matter how ridiculous it is—and I assure you there's an awful lot of ridiculousness in my bug reports—the response has always been the same: “Tell me more. Help me understand what it is you're trying to achieve—even if it is ridiculous—so we can look at this and see what is actually going on.” Every Amazonian team has been great about that or you're not at Amazon very long, but you folks have taken that to an otherworldly level. I just want to thank you for doing that.James: I appreciate you for calling that out. We try, you know, we really do. We take listening to our customers very seriously because, at the end of the day, that's what makes us better, and that's how we make sure we're in it for the long haul.Corey: Thanks once again for being so generous with your time. I really appreciate it.James: Yeah, thanks for having me on. I've enjoyed it.Corey: James Greenfield, VP of Commerce Platform at AWS. I'm Cloud Economist Corey Quinn, and this is Screaming in the Cloud. If you've enjoyed this podcast, please leave a five-star review on your podcast platform of choice, whereas if you've hated this podcast, please leave a five-star review on your podcast platform of choice along with an angry comment—possibly on YouTube as well—about how you aren't actually giving this five-stars at all; you have taken three trillions of a star off of the rating.Corey: If your AWS bill keeps rising and your blood pressure is doing the same, then you need The Duckbill Group. We help companies fix their AWS bill by making it smaller and less horrifying. The Duckbill Group works for you, not AWS. We tailor recommendations to your business and we get to the point. Visit duckbillgroup.com to get started.Announcer: This has been a HumblePod production. Stay humble.

The Manic Pixie Weirdo
Our Relationship with Poverty in America Ft Darryl Finkton JR from End Poverty Make Trillions

The Manic Pixie Weirdo

Play Episode Listen Later May 14, 2022 52:54


Welcome! This week we discuss Poverty in America with Darryl Finkton JR from End Poverty Make Trillions. We talk about the foundation, Sharing, and so much more! I hope you enjoy! Learn more about Newsly @ http://www.newsly.me/P1X1EP0DCASTEnd Poverty Make Trillions @https://www.endpovertymaketrillions.com/You can support this podcast @https://www.patreon.com/manicpixieweirdo?fan_landing=trueCash App: $TheMainWeirdoBuy Me A Coffee: The Manic Pixie Weirdo PodcastCheck out our links @https://www.mimi.link/themainweirdo

Millennial Investing - The Investor’s Podcast Network
MI167: The Bogle Effect w/ Eric Balchunas

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later May 12, 2022 55:53


IN THIS EPISODE, YOU'LL LEARN: 02:29 - What an ETF is and why it's a popular investment tool among retail investors.08:20 - How investors can parse through the thousands of ETFs available to determine which makes the most sense to them.15:44 - How Vanguard was originally created after Bogle was ousted out of his own company.19:09 - Why Vanguard's business model was so successful at attracting new investors.26:16 - Why other companies haven't followed the Vanguard playbook.34:22 - What drove Bogle to pass on almost all profits to investors through Vanguard.37:10 - Eric's thoughts on a potential index fund bubble.46:07 - How Vanguard is disrupting the financial services industry.50:02 - Eric's thoughts around the potential Bitcoin ETF.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESCheck out Eric's book, The Bogle Effect.Check out Bloomberg's podcast, Trillions.Bloomberg's show, Bloomberg ETF IQ.Robert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Related episode: MI024: Boglehead And Index Investing W/ Rick Ferri.Related episode: MI041: The Simple Path To Wealth W/ JL Collins.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Enjoy a simple, good tasting supplement that truly improves your health with Field of Greens! Get 15% off your first order and get another 10% off when you subscribe for recurring order with the promo code MILLENNIAL.Protect your family with Fabric Insurance's term life insurance now, in just 10 minutes.Have a business checking that's built for you, will go the distance with you, and admires your brave - Novo. The Investor's Podcast Network listeners get access to over $5,000 in perks and discounts.Tell mom how much you love her—and make sure she hears it in crystal-clear audio quality, with Raycon.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything. Read this episode's transcript and full show notes on our website.Connect with Eric: Book | LinkedIn | TwitterConnect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Becker Group C-Suite Reports Business of Private Equity
Private Equity and Business Update 5-10-22

Becker Group C-Suite Reports Business of Private Equity

Play Episode Listen Later May 10, 2022 6:58


In this episode Scott Becker discusses: Moderna, PayPal, Netflix and Bed Bath and Beyond are all down more than 70% from their highs. The Wealth Effect and the Loss of Trillions. Boeing fell 10.5% yesterday. Bitcoin fell nearly 10% yesterday. The Nasdaq fell 4.29% yesterday and the S&P 500 dropped 3.2%. Futures point up this […]

Becker Group C-Suite Reports Business of Private Equity
The Wealth Effect and the Loss of Trillions 5-10-22

Becker Group C-Suite Reports Business of Private Equity

Play Episode Listen Later May 10, 2022 2:33


In this episode Scot discusses the wealth effect and the loss of trillions.

Trillions
Inside "The Bogle Effect"

Trillions

Play Episode Listen Later Apr 28, 2022 36:59


Three years ago, Bloomberg's Eric Balchunas and Joel Weber went to Jack Bogle's office in Malvern, Pennsylvania, and recorded an episode of Trillions. That chat helped inspire Balchunas's new book, “The Bogle Effect,” about the Vanguard founder's influence on investing and the financial industry.  On this episode of the podcast, Balchunas and Weber are joined by reporter Annie Massa to go over some of the bigger points Balchunas makes in his book. They go over why Vanguard's ownership structure was the real innovation, and how the rise of passive investing is pushing active managers to get way more active. They also discuss the writing process and Balchunas's motivation for publishing his second book.  See omnystudio.com/listener for privacy information.

The John Batchelor Show
#LondonCalling: Trillions and Inflation. @JosephSternberg @WSJOpinion

The John Batchelor Show

Play Episode Listen Later Apr 5, 2022 14:13


Photo:   During the height of hyperinflation in Zimbabwe in 2008, people became accustomed to speaking about their daily expenses in terms of trillions. #LondonCalling: Trillions and Inflation.  @JosephSternberg @WSJOpinion https://www.reuters.com/business/feds-brainard-sees-methodical-rate-hikes-rapid-balance-sheet-shrinkage-2022-04-05/