Category: Uncategorized

That is actually not how I expected things to work.

This is from the International Monetary Fund (this page):

Creating money

Banks also create money. They do this because they must hold on reserve, and not lend out, some portion of their deposits—either in cash or in securities that can be quickly converted to cash. The amount of those reserves depends both on the bank’s assessment of its depositors’ need for cash and on the requirements of bank regulators, typically the central bank—a government institution that is at the center of a country’s monetary and banking system. Banks keep those required reserves on deposit with central banks, such as the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank. Banks create money when they lend the rest of the money depositors give them. This money can be used to purchase goods and services and can find its way back into the banking system as a deposit in another bank, which then can lend a fraction of it. The process of relending can repeat itself a number of times in a phenomenon called the multiplier effect. The size of the multiplier—the amount of money created from an initial deposit—depends on the amount of money banks must keep on reserve.

Banks also lend and recycle excess money within the financial system and create, distribute, and trade securities.

Banks have several ways of making money besides pocketing the difference (or spread) between the interest they pay on deposits and borrowed money and the interest they collect from borrowers or securities they hold. They can earn money from

•income from securities they trade; and

•fees for customer services, such as checking accounts, financial and investment banking, loan servicing, and the origination, distribution, and sale of other financial products, such as insurance and mutual funds.

Banks earn on average between 1 and 2 percent of their assets (loans and securities). This is commonly referred to as a bank’s return on assets.

Next year more on among other things electricity on the planet. Baarda.ch

Hi there. Not a lot of updates in recent weeks. There was a time when I showcased current debt on this website. Now those debts are gone. So it is a special time to me.

I would like to start a series of posts on the Dutch electricity grid. Which apparently has challenges.

Next week: part 1.

Thank you for reading.

So for instance Tesla is working on a robot that looks like a human. At least has a human shape.

Also Boston Dynamics has a human like robot in development:

I think those developments are great news. They could replace jobs that aren’t always too interesting like picking fruit at a farm for instance. That’s why I really like that companies are developing these, and I hope the price will go down. For instance one robot thgat is already on the market is from Unitree, and costs $16,000.

But when I talk to people, some people are also nervous about it. Especially in combination with the development of AI.

First of all, I dislike war, and I can just imagine, that robots will also play a role in wars.

But the biggest fear I think is that AI will become more intelligent than us and will try to take over.

Also a fear I found on the internet is increased surveillance through robots and AI for instance.

I will do some thinking on how I perceive a future with these robots, and AI.

Thank you for reading.

Jelger

If you are new to this website, welcome. My name is Jelger, I am a Dutch person. When I started this website I was living in Switzerland, and intending on staying there, so that’s why I got the .CH domain name. Now I am back in my home country, but I will keep the .CH name as my website.

One of the developments in today’s world is sort of the creation of AI.

I still need to play around with ChatGTP, but here’s an example from Google Gemini:

I asked, is it better to smoke weed with or without tobacco.

Smoking cannabis without tobacco is generally considered healthier.

Here’s why:

• Tobacco’s harmful effects: Tobacco contains numerous harmful chemicals, including nicotine, tar, and carbon monoxide, which can lead to serious health problems like lung cancer, heart disease, and respiratory issues.  
• Cannabis’s less harmful effects: While cannabis smoking can still have negative health consequences, particularly for young people and those with underlying health conditions, the risks are generally lower than those associated with tobacco. Enhanced experience: Many people find that smoking cannabis without tobacco provides a purer and more enjoyable experience, as it allows them to fully appreciate the effects of the cannabis without the interference of tobacco’s additives.

If you choose to smoke cannabis, it’s recommended to do so without tobacco. Consider alternatives like vaping or edibles, which can reduce the potential harm to your lungs.

(From Google Gemini)

I like being able to ask all sorts of questions, and I must say I am really impressed. I just don’t think for myself I have got a good idea about the possibilities of AI yet.

And one more thing. Tesla is working on robots.

Here is a video about that:

So I do hope that in the future some jobs are not necessary anymore, like picking fruits at a farm.

Thanks for reading.

Jelger