Space Exploration News

Running around crying "Wrong Wrong" - followed by repetition of premise . followed by pretending to understand what was said to you but crying out to others "You Don't Understand" is not much better.

Resources/Labor available for purchase are not a contraint on the ability to print money in your example. A Constraint on what. and are you talking lack of domestic resources or global resources .. not that your argument is helped but it is key distinction.

and 2) printing money is creating debt if the issuing authority is running spending deficits - as per your previous schooling

 

You are just not getting it.

The idea that any governmental banking system should educate on systems that are not being used and are not supported is just plain stupid.

Do you any idea of how many different economic systems there are? Even your MMT stuff has numerous varients.

And, there is only ONE that is of serious importance to everyone - the one being used.

It's not their job to promote using some other system.

 

Resources are THE constraint; if the beaver can't find the resources, he can't build the dam.

Similarly if the government can't find the resources, it can't print the money required to purchase them, because money printing in those circumstances would cause inflation (too much money chasing too few resources).

Addressed above, namely, a constraint on economic activity, and hence money printing (to avoid inflation)

Both; trade of course may be required to gain access to resources which are not available in the home market.

So back to "my main argument": resources not money are required to build things, ie, resources which a currency-issuer can purchase at will...if the resources are available.

My previous schooling is obsolete, 'flat-earth' illusory money as debt crap.

Deficits, and debt accumulated by a currency-issuer are immaterial, provided the inflation (ie resource) constraint is observed.

Begin with Stephanie Kelton's 'The Deficit Myth'.

 

Er... if the public knew how money is created, they would DEMAND governments fund social housing, healthcare and tertiary education.

Addressed above; private banksters have so far been able to keep the public in the dark re the nature of money (eg, that it is created out of nothing), but the word is getting out.....

And it is rapidly approaching its 'use-by' date, as social and economic collapse increasingly become evident around the globe. Even in the wealthy US, half the population are living pay-check to pay-check, as noted by Bernie Sanders (if people even have a job).

During the GFC, central bankers (eg Mervin King of the Bank of England) DID explain that money is created out of nothing (when banks write loans for credit worthy customers).

The next step is for a central banker to explain that currency-issuing governments can also create money out of nothing.

But we have a problem; central bankers don't want to relinquish the special status they enjoy among the general (unknowing ) public.

As observed by James Galbraith (son of the famous economist John):

Who’s afraid of MMT? | Jordan Times

"As anyone who has ever been responsible for legislative oversight of central bankers knows, they do not like to have their authority challenged. Most of all, they will defend their mystique, that magical aura that hovers over their words, shrouding a slushy mix of banality and baloney in a mist of power and jargon."

(my comment: priceless....)

"As a result, tormenting central bankers is great fun. John Maynard Keynes famously tormented Montagu Norman, Governor of the Bank of England (BOE) from 1920 to 1944. Wright Patman and Henry Reuss, two US congressmen who chaired the House Banking Committee in the 1970s, did the same to Federal Reserve Chair Arthur Burns. I know that Reuss enjoyed it; I assisted him at the time" .

 

Supermassive black hole in Milky Way, located at ‘the heart of our galaxy,’ revealed for first time

The first-ever image of the Milky Way’s supermassive black hole was revealed Thursday, providing the first direct visual evidence of “the gentle giant” that lies at the center of our galaxy.

The photo, which shows an oval-shaped void surrounded by a bright ring of glowing gas, is only the second image captured of a black hole, and the first to provide a detailed glimpse of the immense feature, dubbed Sagittarius A*, at the Milky Way’s core.

https://www.nbcnews.com/science/spa...l Sailthru&_branch_referrer=H4sIAAAAAAAAAzVO%

 

My only regret is that I won't live long enough for them to discover what it truly is and how it works in our galaxy.
Very cool! Thanks!

 

Artemis I launch halted due to engine issue

NASA’s megarocket is standing down from a scheduled test flight to the moon, NASA officials announced Monday. The agency’s uncrewed Space Launch System (SLS) and Orion capsule were slated to launch on a test flight to the moon, but engine troubles thwarted the much-anticipated liftoff.

https://www.nbcnews.com/science/spa...ArQ0CA9PCO+p9UF6AtUwOknJyu0m9YoBfHG7BgAoBAAA=

Temporary set back.......... new Launch date planned

 

NASA has successfully slammed its DART spacecraft into an asteroid in a historic test of planetary defense

A NASA spacecraft on Monday intentionally slammed into an asteroid in a historic test of humanity’s ability to protect Earth from a potentially catastrophic collision with a space rock. Data from the test will not only demonstrate whether the idea works, but also help NASA understand how it could be applied in the future.

https://www.nbcnews.com/science/spa...xEj2fpbPMOa+cBGP42EjKjnoa5wE9/AH2PgYDDQEAAA==


Awesome !!!! we should know in about 24 rs if that asteroid moved.......

Was fascinating to watch this live.........until the rocket hit the asteroid.

REALLY well done NASA!!!

 

It's a much better use of resources than manned missions to Mars or the Moon.

 

The moon could soon get its own time zone.

With dozens of lunar missions planned for the years ahead, the European Space Agency believes it’s time for a standard, globally agreed-upon time zone for the moon to ease collaboration between nations’ space agencies. There are, however, some significant hurdles, like figuring out who should be responsible for establishing and maintaining "moon time."

https://www.nbcnews.com/science/spa...JeD3e9NDjBBdvT9ZDyhBnqkRXEN6R5mv3LzFIrnIOAQAA

 

The last thing we need is another time zone. Just set it to UTC+0. I know, not as fun. But i dont think anyone on the moon is gonna care whether the sun is out during the day or not.

 

SpaceX launches a crew of private astronauts to the space station

It's the second private mission to the International Space Station commissioned by Axiom Space, a Houston company that trains and organizes private space missions. The four people aboard the Dragon spacecraft — a retired veteran NASA astronaut, an American entrepreneur and two Saudi Arabians — are scheduled to arrive at the space station on Monday for an eight-day stay.

https://www.washingtonpost.com/tech..._campaign=wp_news_alert_revere&location=alert

 

Asteroid samples come to Earth in a historic first for NASA

A capsule containing precious samples from an asteroid landed safely on Earth on Sunday, the culmination of a roughly 4-billion-mile journey over the past seven years.

The collected rocks and soil are NASA’s first-ever asteroid samples brought back to our planet for further study.

https://www.nbcnews.com/science/spa...nxzgxdHDz6r6Y1gP8GhtRZ4S3j+v90y+GHWXaKgEAAA==

Brilliant. An example of humanity's capability , ingenuity, and excellence.
Now , we look forward to the analysis of this sample from the asteroid. With each such endeavor , we expand our knowledge . You can't beat that.

 

SpaceX gets approval for test flight of huge Starship rocket as early as Friday

SpaceX has received clearance from the Federal Aviation Administration to launch its nearly 400-foot Starship Super Heavy rocket on a much-anticipated second test flight. The rocket, designed for future missions to the moon and Mars, could blast off as early as this Friday.

https://www.nbcnews.com/science/spa...R811ODB1cvLopA1sCv8RG1Bnh7eNyPfgLrw+SGDcBAAA=

 

SpaceX's Starship lifts off on second test flight of world's most powerful rocket
The countdown clock struck zero and the Super Heavy booster attempted to light up its 33 engines, roaring to life and sending a deafening boom across the launch site.

https://www.cnn.com/webview/world/l...c48MM0PSpKT8OvNAe8DthJadq&bt_ts=1700313556274

Saw it live. Talk about th e WOW factor

 

SpaceX’s gargantuan deep-space rocket system, Starship, safely lifted off Saturday morning but ended prematurely with an explosion and a loss of signal.

The Super Heavy booster and Starship spacecraft successfully separated after liftoff, as the Starship lit up its engines and pushed away. That process ended up destroying the Super Heavy booster, which erupted into a ball of flames over the Gulf of Mexico. But the Starship spacecraft was able to briefly continue its journey.

https://www.cnn.com/2023/11/18/worl...BEzs31Re34tEJp4aXfl8MBJYE&bt_ts=1700316952360

 

I read they still considered it a success of sorts, as they were testing their "hot staging" concept, which succeeded. Anything after that was just icing on the cake, lol.