This morning i got a call from the cleaning and i am an ideal candidate here. Theres not much in there looks like a couple of drops im ready. Those are main stories here in our international you can read more of our. Report is straight ahead on. National and in the u. K. And ireland it is with us. So i said. Well max youve often talked about the me mcconnell me and the you know the economy getting ever lighter and lighter there are more and more intangibles and this is shown in this chart 84 percent of the s. And p. 500. 00 assets are now intention this is a chart of the corporate Balance Sheets are more knowledge driven s. And p. 500. 00 Company Assets in trillions of dollars and as you see the tangible part of companies they just increase slowly since 1075 when 17 percent of a companys assets were intangible back in 1075 and now its 84 Percent Companies used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situati
Used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situation that chart shows 84 percent of the value intangibles or the Knowledge Based on knowledge so take a look at tesla for example they must has knowledge about how to go on joe rogan and promote his means he has knowledge about creating means he has knowledge about branding he has knowledge about interesting engineering ideas but the actual book value of the company itself is nowhere near the hundreds of billions of dollars we see in the stock market thats true across the board for every Single Company really in the s. And p. 500. 00 they make their cash flow on the ability to game the system and to exert arbitrage spliffs on the data thats being rolled on the various cash tasks of different banks and like you have on lost so eloquently demonstrated on the joe rogan show so this is interesting use the Word Knowledge because you think about knowledge any thin
Legendary nightclubs have been forced to close because of the and one entrepreneur has found a way to give frustrated party goers a quick fix without risking that. Have a false welcome to the program a Police Operation is underway on the greek island of les boss to move thousands of migrants and refugees into a new temporary tent city many have been sleeping on the streets after a fire destroyed their refugee camp with ortiz say the operation has so far passed off peacefully but many migrants are reluctant to move into the new facility. Packed up and on the move again along with their few remaining possessions. Early on thursday police on the greek island of les bos started moving hundreds of migrants to a new camp thats after a fire at the overcrowded morea camp left almost 13000 homeless. But offices want to avoid violence and have been easing their powers of persuasion to convince migrants to move to the new camp peacefully. The u. S. Refugee agency has also been urging migrants to
Some kind of foundation of wisdom but this is knowledge about how to use Artificial Intelligence and knowledge about how to use propaganda knowledge about how to use subliminal advertising that its evil its evil or they might as well just replace intangible with the word evil well i dont know about that but certainly it is an interesting time and we do see it you and i grew up in the 1970 so we saw what it was like to have a more tangible economy and that could be part of why so many people are having a meltdown while we are having problems domestically in the United States in terms of the economic disadvantage you know and the inequality growing so you know its not like an intangible thing as you mentioned tesla is worth 400000000000. 00 based on one guy you know i got his team of engineers its not all that other stuff is this one guy so you know you dont have to manufacture something to be worth tens of billions are one. Of billions of dollars right well how to get the valuation you
A man people are moving because its really broken lot of people didnt have any Running Water or sufficient Food Supplies in the last 8 days no no sanitary facilities no water to wash the children and all of it so at the moment really these last days of starvation also dehydration are making people really go quietly into the camps now however there is still reluctance to to really approach that sides but as you say theres still some reluctance but probably conditions inside that new camp are better than out on the streets why are so many reluctant still to go into the new town. Well the people are really highly traumatized in the years and months in moria where there was no medical supplies no legal advice where people were really surviving. Every day and this big fire that broke us out last week was kind of happening every day subsequently for the last 10 years so theres a lot of people with chronic diseases like us 900 to see the 2nd get any and. Medications and over 170. 00 days in t