GDP Begets More GDP (Positive Feedback)

By Keith Weiner – Re-Blogged From Gold Eagle

Last week, we discussed the fundamental flaw in GDP. GDP is a perfect tool for central planning tools. But for measuring the economy, not so much. This is because it looks only at cash revenues. It does not look at the balance sheet. It does not take into account capital consumption or debt accumulation. Any Keynesian fool can add to GDP by borrowing to spend. But that is not economic growth.

Borrowing to Consume

Today, let’s look at another problem with GDP. To understand it, let’s walk through a plausible scenario. It begins with Johnny Fastlane. Johnny borrows $10,000 on his credit card to (yes, our favorite example) go on a gambling vacation in Las Vegas. An airline carries away some of his cash. A hotel lodges some. A few restaurants eat it. And of course, the casinos roll in his dough.

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World’s Deepest Oil Well?

By David Middleton – Re-Blogged From WUWT

This eye-catching blog post was published in 2017 by “Fuel Fighter“…

It was picked up by Internet “news” sites like Business Insider

The world’s deepest oil well is over 40,000 feet deep
Jeff Desjardins, Visual Capitalist Mar. 21, 2017, 7:33 PM

In the world’s deepest gold mine, workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore.

While these depths are impressive, mining is limited by the frailty of the human body. Going much deeper would be incredibly dangerous, as limitations such as heat, humidity, logistics, and potential seismic activity all become more intense.

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Neutrons Over the USA

Re-Blogged From Space Weather

[Experiments at CERN are showing that Cosmic Rays are responsible for much rain droplet formation. Quieter Sun means less Solar Wind, which allows in more Cosmic Rays, which means more Clouds & Rain. Interesting stuff. -Bob]

Want to experience space weather? Just step onboard an airplane. At typical cruising altitudes, cosmic rays from deep space penetrate the hulls of commercial jetliners, dosing passengers with levels of radiation comparable to dental X-rays. To measure this radiation, Spaceweather.com has been flying cosmic ray sensors onboard airplanes over 5 continents. Our latest results show something interesting about the continental USA.


Above: Neutrons detected during a flight from Portland to DC on April 9,2019.

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Cosmic Rays Increasing for the 4th Year in a Row

By Dr Tony Phillips – Re-Blogged From Space Weather

Cosmic rays in the stratosphere are intensifying for the 4th year in a row. This finding comes from a campaign of almost weekly high-altitude balloon launches conducted by the students of Earth to Sky Calculus. Since March 2015, there has been a ~13% increase in X-rays and gamma-rays over central California, where the students have launched hundreds of balloons.

neutronsandxrays2

The grey points in the graph are Earth to Sky balloon data. Overlaid on that time series is a record of neutron monitor data from the Sodankyla Geophysical Observatory in Oulu, Finland. The correlation between the two data sets is impressive, especially considering their wide geographic separation and differing methodologies. Neutron monitors have long been considered a “gold standard” for monitoring cosmic rays on Earth. This shows that our student-built balloons are gathering data of similar quality.

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Data Fit For the Purpose

cropped-bob-shapiro.jpg   By Bob Shapiro

When my daughter, Maria T, was in 5th grade, she took a gifted/talented class at her public grammar school. On Back-to-School night, I talked with her teacher for the course. Ken described the challenges he faced, including one student who found out that the value of PI couldn’t be calculated exactly.

She was terrified,” he said. “The girl was worried about the astronauts we were sending to the moon, whose flight plans depended on the

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