FRACTAL ECONOMICS

 Can New Zealand and other countries, like Norway and Canada, survive as we know them without gold reserves? In this blog, I've always kept away from politics; I just see patterns. With the current rising gold price, it is no different; I see it as a fractal question. I see an economy as a fractal, and the measuring stick of the economy as money, and money is (historically) gold (and silver). Hyperinflations are exponential, and fractals point to the mathematics of exponentiality.   I have a strong interest in money, aways have, even if I'm hopeless at making it. I think fractal thinking may help us think about how this could play out. Before I go there, it is, to reiterate,  my fractal thinking that underpins my view of the importance of gold and silver as a measuring stick in an economy. They are a unit of measure. I have discussed this inflation comparison or analogy with the  coastline paradox. This is my claim on what price inflation is . Fractal thinking i...

 We are in a Global Hyperinflation. It's 04:00 in the morning; I can't sleep. I t's been a great day, all finished up and a few beers with colleagues, nice, but I didn't drink that much, so that's not what's keeping me up. What it is is what I am watching, what I always watch, the silver and gold prices. Both are now exponential across all currencies... I just checked again. All currencies, with respect to what has traditionally been 'money', are in freefall. That's a hyperinflation across the board.. and I don't think (well, I know) there is no one in the cockpit. If there are, then they are pushing the stick forward; it seems that way. The one guy calling this out, drawing attention to it, Peter Schiff ( like him or not), was called 'a Loser and a Jerk' for doing so by the President last week. Amazing! ...There is noone in the cockpit. This week in our meeting, I presented my work on the atmosphere and the fractal in a 5-minute elevato...

The topic of this post is my claim that the Internet is separating us. That it is like the electricity used to separate the atoms in the molecule H2O the negative and the positive, oxygen and the hydrogen, what is called in chemistry disassociation. Are we living in the age of disassociation? Where the electricity is the Internet. Just a thought.  I've been wanting to write this for some time. I have a few posts like this. I've been thinking about how, recently, more than ever in history, we have been separated and divided in our opinions. It's dividing people everywhere. Good luck trying to find somebody who is not affected. Now, what I found about the fractal is that it is a foundational geometry that points to different interpretations. It is even, defined by differences. Now I think that there is only one truth to the mechanics of this fracture and the other side is an illusion. There is a duality of knowledge. I've also written on how I think the computer is affect...

 My recent comment on a Facebook post on the losses New Zealand's national TV channel are making. TVNZ expects operational losses of $28m-$33m and ‘significant’ impairment Search ' Public Goods '. News and other entertainment, music, films, etc., have become public goods via the internet, called ePublic Goods. They fail as businesses due to non-excludability and non-rivalry. The free rider problem has become the free copy problem. It is one of the most significant problems of our time and is not going away. Public Goods (like National Defense) are funded by the state, which is a severe problem for 'democracy' to function.

I quickly wrote this reply to a Facebook comment: " You guys really think he walked on the moon why and how do you know it’s true" My comment Purely by the complexity of the story. If it were fake, the complex story we know would have to have been scripted, top-down, like a movie script. The reality is that the story is infinite in complexity, right down to the people who stitched the suits, the boots, the chutes, and more. Full of stories by all of the hundreds of thousands involved. Every flight, hours and hours of specialist language, and the problems they had and overcame would all have had to be scripted. No one could do that. It was hard enough to script the 2-hour movie Apollo 13, the best of Hollywood in its time, and it wasn't really the real story compared to what is told by those there. It is my test, and it is the best. Reality is complex and fractal; fake is not.

  I predicted this around 15 years ago. Media and similar goods, such as music, arts, etc., have become Public Goods through the development of the Internet. Check out what a Public Good is: a technical term in economics, non-excludable non-rival: they fail and are the 'blackhole' of markets. They are what I call e-public Goods, where the free rider has become the free copy. It gets more serious than this, as Public Goods need to be provided by the state. newshub's Samantha Hayes on TVNZ job cuts: ‘Some exceptional journalists are facing the chop’

If you are interested in a further explanation of inflation that adds to this, it may be found in the fractal; the geometry of chaos and the geometry of our time. The geometry of an economy is a fractal, and 'inflation' is akin to the fractal coastline paradox. The growth and development of fractals correspond directly to the marginal theory. The fractal demonstrates demand/utility curves and supply/ cost with equilibrium. A market is a fractal, a complex system built on simple rules that repeat at all scales. I have found that the fractal's growth over time is exponential and can produce a perfect Lorenz curve from the uneven distribution of its parts. The fractal's Gini increases with its growth, inextricably—just like the real economy. If an economy is assumed to have a fractal 'Inflation,' it may be akin to the coastline paradox of fractal mathematics. The length of the coastline is fractal and is determined by the length of the measuring stick. For an eco...

Over ten years ago, I wrote the article Is the Internet Making New Public Goods?  ePublic Goods.  In the article, I argued that, based on the decline and failure of the entertainment and news media industries, the internet is producing a new type of Public Goods, ePublic Goods. e for electronic or internet-based. Public Goods, along with Private, Club, and Commons (Common Pool) Goods, are a key  phenomenon  in economics.  Governments support public goods, and I predicted that this may happen with the media, too, someday, at the risk of democracy. If this is true, it is not a good thing at all.  Firms in these industries are not profiting, are failing due to internet sales losses, and have been downsizing. This is akin to examples of market failure, such as streetlights, fireworks displays, lighthouses, and others. The media and entertainment firms are failing for the same reasons as these normal Public Goods.  Non-rivalry is when no one is bothered (t...

" Communist Propaganda is Not Allowed in the Lab." Lord Ernest Rutherford's Edict was laid down on Russian Scientist Peter Kapitza's first day at the Cavendish Laboratory, University of Cambridge, 1921. Reference: Rutherford, J Campbell AAS Publications, pg 387. He is the most outstanding scientist of all time. His discoveries, by experiment, opened the door to the world we inherit. As a New Zealander myself, I am deeply inspired. I have been to his hometown many times. I used to work near Havelock and did my teacher training at Nelson College. By all accounts, he was a man of principle. I put this 'Rutherford's Edict' together this morning on his 150th birthday. His edict is lost today, and the likes of my work (on the fractal and the atmosphere) will never be seen because of it.

To understand why he doesn't turn the key, imagine the pistol has another barrel that points back at the shooter and also fires when he shoots. If every firearm had that double-barreled feature, they - just like nukes - would (all else being equal) never be used. From my thinking.