Hello,



More of my philosophy about correctness and about the financial sector and more..

I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms..


I think i am smart and i have just looked at the following interesting video, and i invite you to look carefully at it:

Financial Market: What Would the Next Crisis Look Like

https://www.youtube.com/watch?v=WDUpqLT7NHw


So i have just explained, read below, what's the problem with the financial sector, and i just said that we have not to make again the mistakes in the financial sector from toxic assets and from "bad loans", so we have to "higher" the standards of the
loans etc. in the financial sector, but by looking at the above video, i have just noticed that
the problem is that the financial sector is also internationally a competitive process of taking Risk so that to be successful,
so that means that currently the financial sectors of different regions
like in Asia and Europe and USA are looking at each others, and when
a region is taking more Risk than the others and it become successful
by taking this Risk, this forces the other financial sectors regions to be competitive by taking those kind of Risks so that to be successful, so then it is a like a software "bug" in the financial sector that can cause another crisis or big crisis, so i
think that the financial sector has become a kind of "monopoly" that is having an important weight in the decision process and this makes politics unable to act and correct
the problem or the "bug".

And read my previous thoughts so that to understand more:

More of my philosophy about the financial sector and more..

I invite you to read the following interesting paper from the Journal of Economic Perspectives, that i have just read carefully, about "The Growth of Finance" by Robin Greenwood and David Scharfstein:

https://www.hbs.edu/ris/Publication%20Files/Growth%20of%20Finance_6ec86a21-8e68-4abc-bb09-45abaacd7be5.pdf

I think i am smart, and i say that i think there is a problem
with the financial sector and it is that in the first theoretical implementation of the financial sector was that a primary function of the financial sector is to dampen the effects of risk by reallocating it efficiently to parties that can bear risks
the most easily (read about it on the paper of Merton and Bodie 1995), but there was some practical constraints in the reality and it was about the benefits of expanding access to mortgage credit, there are a number of societal costs from such an
expansion, including instability from excessive household leverage. Moreover, the shadow banking system that facilitated this expansion made the financial system more fragile. And it was also the cause of the financial USA crisis of the 2007-2009 that
began years earlier with cheap credit and lax lending standards that fueled a housing bubble, so i think that we have not to make again those mistakes in the financial sector from toxic assets and from "bad loans", so we have to "higher" the standards of
the loans etc. in the financial sector.

And here is my other thoughts about the other problem of financial sector:

And here is how i will explain it more, look at Financial sector,
so you can understand more capitalism and the mechanism of diversity that brings "resilience" and that needs a good allocation of resources in capitalism by reading my following thoughts:

The biggest benefit of finance, is to provide opportunities to people,
in the sense that in a world where there is no finance, the only way to
start a company is to be born rich or to have saved for a long time. In
a world where finance works well, the people with talent can actually
start firms and reach their dreams without waiting to either have saved
the money, or be lucky and receive it from their parents, and once you
create this opportunity, you will have the most talented people take
advantage of those opportunities, which favors growth, which favors a
good allocation of resources and, ultimately, innovation. But we have to
know what is the problem with finance, and here it is, read the
following so that to understand:

One last chance to fix capitalism

Read more here:

https://hbr.org/2020/03/one-last-chance-to-fix-capitalism

So i invite you to look at the following video about capitalism:

How to Improve Capitalism

https://www.youtube.com/watch?v=YOaJe68C-bU

So as you notice in the above video that you can also fix capitalism by
giving voting rights and tax advantages to long-term shareholders and
not by raising taxes, and you need to have sovereign wealth funds and
national pension funds representative of the long term collective
interests etc, so i invite you to look the above video of "How to
improve capitalism" so that to understand more.

And if you want to know more about my views on capitalism,
read them here:

https://groups.google.com/g/alt.culture.morocco/c/cf3Wa4z8Xmc

More of my philosophy about Geopolitics and about USA and more..

So read the following:

"In 2019, exports of goods and services from the United States made up about 11.73 percent of its gross domestic product (GDP). This is an increase from 9.23 percent of the GDP of the United States in 1990.
Jun. 29, 2021"

So as you are noticing that the exports of USA are around 12% of GDP in 2021, and it is a standardized number, so if you say that the problem of USA is that it has to know how to protect its goods and services, i mean that USA has to know how to protect
this 88% of goods and services by knowing how to be a smart "protectionism", i think that
it is not the good way and here is what i say about it:

More philosophy about protectionism and USA and more..

I think we have to be careful about protectionism, since read the following:

"Protectionist policies impose an additional cost and loss on all parties. First of all, domestic consumers must pay a higher price for goods. At the same time, importers face a decline in demand, so international jobs are lost. For instance, the US-
China trade war meant that US consumers paid a higher price whilst demand for Chinese workers is reduced.

So the Chinese unemployment increases and US consumers pay more. However, the counter-argument is that it saves US jobs and businesses. Now there is some validity to that claim. If the money sent to China doesn’t come back in either demand for US goods,
or FDI, then the argument can be validated.

However, the reality of the situation is that when a US consumer buys cheaper Chinese goods, that money goes to a Chinese exporter. That money doesn’t stay with them indefinitely. It makes its way back to the US through either demand for its goods or
in FDI.

What we see as a result is that Chinese demand drives employment in other industries. So jobs that may have been lost in one industry, are being created in another. At the same time, the FDI inflows also create employment in the relevant industry.

Although there is disruption, there is a net positive gain in the long term. Employees will have to shift to new industries, but the average consumer benefits from lower prices. By contrast, the only winner under protectionism is specific domestic
workers. However, they too are consumers and consequently lose out too.

Is Protectionism Good For The Economy?

In the long-run, protectionism is not good for the economy. It makes consumers and businesses pay more. And whilst it may protect jobs in the short-term, the economy as a whole would be better served in allowing cheaper imports in. Although this may
temporarily destroy some jobs, consumers benefit from lower prices. In turn, the income that would have been spent on the goods before can now be spent in other markets. In turn, employment is stimulated elsewhere in the economy."

Read more here:

https://boycewire.com/protectionism-definition-and-types/

So what is the smart way of doing so that to not be protectionism?

Here it is:

First I think that protectionism is not good, and i think that Trade Adjustment Assistance etc. is a better way of solving problems, so
i invite you to read the following article to know more:

https://theconversation.com/international-trade-has-cost-americans-millions-of-jobs-investing-in-communities-might-offset-those-losses-143406

And read more here about Trade Adjustment Assistance:

https://en.wikipedia.org/wiki/Trade_Adjustment_Assistance

And notice that i think that USA is economically in a good shape, since read my following thoughts so that to notice it

And about the US Debt Crisis, i think it is not so problematic, since USA economy is well diversified and powerful economy that is really resilient, and you can read more about it here in the following article:

The Surprising Truth About the US Debt Crisis

https://www.thebalance.com/us-debt-crisis-summary-timeline-and-solutions-3306288

Also I think that USA will still be a super power in the future, and i say that we can not compare USA to China, since China has many defects like the "productivity" of China is not good both qualitatively and quantitatively, and China has a debt problem,
so China is constrained by this factor of its debt problem, so China can not attain the level of
productivity both quantitatively and qualitatively of that of USA in
the near to medium future. But the productivity of USA is good both qualitatively and quantitatively, and China has other problems such as
the quality of education of its workforce is much less than that of USA,
this is why China is also lacking much in productivity both qualitatively and quantitatively. And you can look at the following video so that to understand more:

Why won't China Surpass the United States? - VisualPolitik EN

https://www.youtube.com/watch?v=ZqowS-hlZ3M

Also as I have just explained above, that Donald Trump protectionism
is not good, and i think that Donald Trump was not thinking correctly, since around 85% of jobs losses in the manufacturing sector in USA was caused by automation and not by China or such as were thinking it the people who elected Donald Trump, and you
can look at the following video that make you understand that automation also has advantages:

https://www.youtube.com/watch?v=D-rd3kW7Bc8

Following are some of the advantages of automation:

1. Automation is the key to the shorter workweek. Automation will allow
the average number of working hours per week to continue to decline,
thereby allowing greater leisure hours and a higher quality life.

2. Automation brings safer working conditions for the worker. Since
there is less direct physical participation by the worker in the
production process, there is less chance of personal injury to the worker.

3. Automated production results in lower prices and better products. It
has been estimated that the cost to machine one unit of product by
conventional general-purpose machine tools requiring human operators may
be 100 times the cost of manufacturing the same unit using automated mass-production techniques. The electronics industry offers many
examples of improvements in manufacturing technology that have
significantly reduced costs while increasing product value (e.g., colour
TV sets, stereo equipment, calculators, and computers).

4. The growth of the automation industry will itself provide employment opportunities. This has been especially true in the computer industry,
as the companies in this industry have grown (IBM, Digital Equipment
Corp., Honeywell, etc.), new jobs have been created.
These new jobs include not only workers directly employed by these
companies, but also computer programmers, systems engineers, and other
needed to use and operate the computers.

5. Automation is the only means of increasing standard of living. Only
through productivity increases brought about by new automated methods of production, it is possible to advance standard of living. Granting wage increases without a commensurate increase in productivity
will results in inflation. To afford a better society, it is a must to
increase productivity.

And the education system of USA is not so bad as we can think and you can read about it here:

America's Not-So-Broken Education System

Read more here:

https://www.theatlantic.com/education/archive/2016/06/everything-in-american-education-is-broken/488189/

Also Let's look for example at USA, so read the following from Jonathan Wai that is a Ph.D., it says:

"Heiner Rindermann and James Thompson uncovered that the “smart
fraction” of a country is quite influential in impacting the performance
of that country, for example, its GDP."

And it also says the following:

"“According to recent population estimates, there are about eight
Chinese and Indians for every American in the top 1 percent in brains.”
But consider that the U.S. benefits from the smart fractions of every
other country in the world because it continues to serve as a magnet for brainpower, something that is not even factored into these rankings.

What these rankings clearly show is America is likely still in the lead
in terms of brainpower. And this is despite the fact federal funding for educating our smart fraction is currently zero. Everyone seems worried Americans are falling behind, but this is because everyone is focusing
on average and below average people. Maybe it’s time we started taking a closer look at the smartest people of our own country."

Read more here:

https://www.psychologytoday.com/us/blog/finding-the-next-einstein/201312/whats-the-smartest-country-in-the-world

So as you are noticing it's immigrants(and there are about eight Chinese
and Indians for every American in the top 1 percent in brains) that are
making USA a rich country.

And read also the following to understand more:

Why Silicon Valley Wouldn’t Work Without Immigrants

There are many theories for why immigrants find so much success in tech.
Many American-born tech workers point out that there is no shortage of American-born employees to fill the roles at many tech companies.
Researchers have found that more than enough students graduate from
American colleges to fill available tech jobs. Critics of the industry’s friendliness toward immigrants say it comes down to money — that
technology companies take advantage of visa programs, like the H-1B
system, to get foreign workers at lower prices than they would pay American-born ones.

But if that criticism rings true in some parts of the tech industry, it
misses the picture among Silicon Valley’s top companies. One common misperception of Silicon Valley is that it operates like a factory; in
that view, tech companies can hire just about anyone from anywhere in
the world to fill a particular role.

But today’s most ambitious tech companies are not like factories.
They’re more like athletic teams. They’re looking for the LeBrons and Bradys — the best people in the world to come up with some brand-new, never-before-seen widget, to completely reimagine what widgets should do
in the first place.

“It’s not about adding tens or hundreds of thousands of people into manufacturing plants,” said Aaron Levie, the co-founder and chief
executive of the cloud-storage company Box. “It’s about the couple ideas that are going to be invented that are going to change everything.”

Why do tech honchos believe that immigrants are better at coming up with
those inventions? It’s partly a numbers thing. As the tech venture
capitalist Paul Graham has pointed out, the United States has only 5
percent of the world’s population; it stands to reason that most of the world’s best new ideas will be thought up by people who weren’t born here.

If you look at some of the most consequential ideas in tech, you find an unusual number that were developed by immigrants. For instance, Google’s entire advertising business — that is, the basis for the vast majority
of its revenues and profits, the engine that allows it to hire thousands
of people in the United States — was created by three immigrants: Salar Kamangar and Omid Kordestani, who came to the United States from Iran,
and Eric Veach, from Canada.

But it’s not just a numbers thing. Another reason immigrants do so well
in tech is that people from outside bring new perspectives that lead to
new ideas.

Read more here:

https://www.nytimes.com/2017/02/08/technology/personaltech/why-silicon-valley-wouldnt-work-without-immigrants.html

More of my philosophy about the scalability of my form of digital or electronic book and more..

I think i am smart, and i think that my form of digital or electronic book is scalable since you can go from the a main sophisticated "Tree menu" to other childs of sophisticated "Tree menus" inside the left HTML frame of the digital book, so i think it
is also a powerful and sophisticated kind of digital book, so i have thought fast this project of mine and i have designed it fast, but also you have to know that the sophisticated "Tree menu" that shows in the left HTML frame of the digital book has not
to use the same CSS configuration as the right HTML frame with: "font-size: 1.3vw", since i think that the fonts of the sophisticated "Tree menu" must be fixed fonts size so that to permit to
scroll the left HTML frame correctly etc., so i invite you to read my previous thoughts so that to understand my way of doing:

More of my philosophy about digital or electronic books and more..

I think i am smart, and i have just finished my programming of a project that easy for you to make electronic or digital books with HTML and Javascript and CSS, now it consists of a sophisticated "Tree menu" that will show the indexes of the digital or
electronic book that will appear on the left of the screen in a left HTML frame, also i have just thought about my design and i think that here is how i will show the HTML with CSS pages of the the digital or electronic book: First i have to include in
the HTML pages of the digital book the following in HTML:

<head>
<link rel="stylesheet" href="mystyle.css">
</head>

And the mystyle.css "CSS" file will contain the following so that
the HTML pages of the digital book appears correctly in different screen resolutions:

mystyle.css file is:

body
{
font-size: 1.3vw;
}

So as you are noticing i am using "font-size: 1.3vw" , since the
right HTML frame that contains the HTML pages of the book is 3/4 the size,and here is how i am constructing the HTML frames of the digital book so that to notice it:

<!DOCTYPE html>
<HTML>
<HEAD>
<TITLE>A frameset document</TITLE>
</HEAD>
<FRAMESET>
<FRAMESET cols="25%,*" frameborder="yes" framespacing=1>
<FRAME name="frame1" src="example01.html" scrolling="auto">
<FRAME name="frame2" src="poems1.html" scrolling="auto">
<Frame scrolling="auto">
</FRAMESET>
</FRAMESET>
</HTML>


So notice that it is: "FRAMESET cols="25%,*", so it means that
the left HTML frame of the digital book is 1/4 of the size and
the right HTML frame is 3/4 of the size.

And i will show you more the sophisticated "Tree menu" that will show the indexes of the digital book, so stay tuned since i will start to organize my thoughts of my philosophy and my other thoughts
of software computing etc. into my above form of a digital book.

And here is my philosophy of why i am organizing my thoughts in
a digital book:

More of my philosophy about making paper from trees and about deforestation and more..

I invite you to read the following article about the environmental footprint of paper vs. electronic books:

https://www.anthropocenemagazine.org/2020/08/the-environmental-footprint-of-paper-vs-electronic-books/

And as you notice that the above article is just speaking about
how much green house emissions we have with footprint of paper vs. electronic books, but i think that deforestation does not only
cause green house emissions, but i think we have to take into account the the other following disadvantages:

The disadvantages to deforestation are an increased amount of carbon dioxide emissions and soil erosion as well as the destruction of forest habitat and the loss of biological diversity of both plants and animals.

Also 24 trees makes around one ton of paper, which is about around 200,000 sheets, and you may use a piece of paper one or two times, but it can be recycled five to seven times. Recycling one ton of paper saves 17 trees. If it’s recycled seven times,
it saves 117 trees, but i think that it is not enough and it is not enough to recycle (Read in the following article so that to notice it: https://www.sciencefocus.com/science/is-recycling-paper-bad-for-the-environment/), so it is why i think that
reading digital or electronic books on computers is better than using paper books.

And i invite you to read the following articles:

How Useful Is Recycling, Really?

Read more here:

https://www.theatlantic.com/science/archive/2021/01/recycling-wont-solve-climate-change/617851/

How do people make paper out of trees, and why not use something else?

Read more here:

https://theconversation.com/how-do-people-make-paper-out-of-trees-and-why-not-use-something-else-156625


Your Web Use Leaves A Carbon Footprint, Here's How You Can Reduce It

Read more here:

https://www.forbes.com/sites/neilyeoh/2017/07/26/your-web-use-leaves-a-carbon-footprint-heres-how-you-can-reduce-it/?sh=414bea159401

More of my philosophy about standardization of education and about the homogenized way of doing and more..

I think i am really smart, so i will invite you to look again at the following video:

Communist Professor Defends Stalin & Mao’s Legacy - Heated Debate

https://www.youtube.com/watch?v=Iov6jyfKtRc

If you have like a Mensa IQ, you will quickly notice by looking
at the above video that there is an important pattern that you can
infer from the above video that makes you understand much more and i think i am smart and i will say that the pattern that i have quickly found with my fluid intelligence in the above video is the following:

You will notice in the above video that the Patrick Bet-David the capitalistic has a tendency and it is that capitalism has a tendency to like homogenize by saying that people are capable of being successful or are capable of being rich by working "hard",
and it is the way of capitalism and it is the way of Patrick Bet-David in the above video, but the being capable of working hard is also a "genetical" characteristic, so then it is a mistake to say so, and president John F. Kennedy the american
capitalist was also saying the same by saying: "My fellow Americans, ask not what your country can do for you, ask what you can do for your country.", so what he means is that we have to "neglect" or be much less the Social Assistance and Social
Solidarity from the government, but i think that it is not an objective and realistic way of doing since you have to read my below thoughts of my philosophy about Class Struggle so that to know how i am logically inferring that we have to be a kind of
Social Assistance and Social Solidarity and we have to have social programs that help the weakest members of the society or the poors of the society in a kind of way, and we have also to have a level of Class Struggle that is like a competition that
ensure that those kind of rights of providing some kind of social programs that helps the weakest members and the poors of the society are fought for in a civilized way inside such places as the congress and in Democracy.

Look at how John F. Kennedy the capitalist is not correctly thinking in this video:

President John F. Kennedy Inaugural Address "Ask Not What Your Country Can Do For You"

https://www.youtube.com/watch?v=P1PbQlVMp98

More of my philosophy about capitalism and about Marxism and communism and more..

I invite you to look at the following video:

Communist Professor Defends Stalin & Mao’s Legacy - Heated Debate

https://www.youtube.com/watch?v=Iov6jyfKtRc


So i have just looked at the above video and i will talk more about capitalism:

I think the mistake is to call our system capitalism, since i think our
system is not capitalism, since it requires also a kind of of Social Assistance and Social Solidarity and we have to have social programs that help the weakest members of the society or the poors of the society in a kind of way, and read below my
philosophy about Class Struggle
so that to notice it, so i think that saying that USA is capitalism
is not correct thinking, since capitalism only as a system is a stupid
system, so this is why we can not compare as in the above video between capitalism and communism, so we need to take into account all the
variables such as the kind of of Social Assistance and Social Solidarity
that we have inside for example the USA system so that to compare with communism, other than that i have also discussed more about the
advantages of capitalism, you can read them in the following
web link:

And if you want to know more about my views on capitalism,
read them here:

https://groups.google.com/g/alt.culture.morocco/c/cf3Wa4z8Xmc

Also you have to read carefully my philosophy about Class Struggle so
that to notice from where i am logically inferring that we require
a kind of of Social Assistance and Social Solidarity and that we have to have social programs that help the weakest members of the society or the poors of the society in a kind of way, here it is:

And today i will talk about Class struggle of Communism and Marxism,
so i will first ask a philosophical question of:

Is Class struggle "valid" and a good thing to have ?

I will say that there is not one type of Class struggle, because
we can have "levels" of Class Struggle, such as the Class Struggle of Communism and Marxism under Mao Zedong in China, and i think it is logically inferred in Marxism from the fact that there is antagonistic contradictions that are contradiction between
the Chinese communists and Chinese bourgeoisie and between the imperialist camp and the socialist camp, so we can also consider that this antagonistic contradictions also comes from the fact that we can be genetically predisposed to being smart or having
a good memory efficiency and such genetical characteristics, so this gives much more "chance" to those that have this kind of genetical predispositions to become rich and successful, so this is why Communism and Marxism says that we have to equalize much
more between people, so this is why i think it is also a kind of competition that gives this kind of Class Struggle, but i will say that the fact that we equalize much more between people in a society is not good for "diversity" inside the society and it
is not good for efficiency, since we have to have a level of diversity that brings "resilience" to the organization of a society, and even in economy we have to have a level of diversification of economy that brings resilience, so this is why i think
that the level of Class struggle that we have to have doesn't look like archaism of Communism or Marxism, since i think we have to have some kind of Social Assistance and Social Solidarity and we have to have social programs that help the weakest members
of the society or the poors of the society in a kind of way, so we have also to have a level of Class Struggle that is like a competition that ensure that those kind of rights of providing some kind of social programs that helps the weakest members and
the poors of the society are fought for in a civilized way inside such places as the congress and in Democracy. Now there is also other antagonist contradictions between the government and the people under Democracy or the communist regime, and inside
two groups or more inside a political party or within a communist Party, and i think that we have to have civilized ways and manners like by vigorous criticism and self-criticism so that to resolve those kind of antagonist contradictions.

Also i have just corrected some typos in my below thoughts of my philosophy, since i have just written: "jewish famillies", but i have just corrected it by writing it as: "jewish families", so read again:

More of my philosophy about anti-semitism and about the jewish families in Germany and in Europe and more..

I have just looked to the following video of the Rise
of the Rothschilds and i think that they are jews:

Rise of the Rothschilds: The World's Richest Family

https://www.youtube.com/watch?v=6sM3KOYPL_A


As you notice in the above video that jews were not treated correctly
in Germany and other european countries, and i think that anti-semitism in that time, and i think even in our today, against jews from neo-nazis and such people comes from the fact that most of the jewish families were living by lending money with
interests, but if objectively we follow "technicality" of conventional economic theory, we can say that most jewish families in Germany and other countries of Europe were by lending money with interests doing what we call "Finance", so there jobs were
that they were working in the Financial sector as we know it today, so i think that most jewish families in Germany and other European countries were bringing a kind of "resilience" to the economy Germany and other European countries, and read about this
kind of economic resilience that i am talking about below by talking about the biggest benefit of finance, read it in my thoughts below, and of course the interest rates in Finance of the banking system and such financial institutions and even for those
jewish families that were living in Germany and other countries in Europe "depends" on the Risk of the transaction of lending money, since we can say in french: Que l'argent ne tombe pas du ciel et même pour les banques !, and it means in english: That
money does not fall from the sky and even for banking system ! so there must be some kind of Financial discipline even for banking system and such financial institutions !, so as you notice that we have not to be too pessimistic about the jews, also here
is what i said about Finance, and notice again that it is Finance that were doing the jewish families in Germany and other European countries in that time:

The biggest benefit of finance, is to provide opportunities to people,
in the sense that in a world where there is no finance, the only way to
start a company is to be born rich or to have saved for a long time. In
a world where finance works well, the people with talent can actually
start firms and reach their dreams without waiting to either have saved
the money, or be lucky and receive it from their parents, and once you
create this opportunity, you will have the most talented people take
advantage of those opportunities, which favors growth, which favors a
good allocation of resources and, ultimately, innovation. But we have to
know what is the problem with finance

More of my philosophy about my personality and more..

So now i will talk more about me so that you understand my personality,

[continued in next message]

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