1816: the Grandest Tour

1816: the Grandest Tour is a novel of adventure, history, and awkward situations - chapters posted weekly on Wattpad

#Regency #HistoricalFiction

[1816: the Grandest Tour @1816Tour]

Dear followers:

Our novel will soon be moving to a new home!

While partial chapters will still appear on Wattpad, the full novel will soon start posting on a different website, with greater options for behind-the-scenes looks at the writing and research.

See you there!

[1816: the Grandest Tour @1816Tour]

@WallStreetMav @Sonderling47 By 'best' do you mean 'most risky and opaque'?

[1816: the Grandest Tour @1816Tour]

Residential Schools in Canada are the only so-called genocide that held reuinions

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

‼️BREAKING

The totally UNELECTED Canadian Senate, and specifically, Nunavut Sen. Nancy Karetak-Lindell

have amended Bill C-9

CRIMINALIZING "Downplaying residential school harms" or "residential school denialism"

[1816: the Grandest Tour @1816Tour]

@Tablesalt13 I think some underground mushrooms might be bigger

[1816: the Grandest Tour @1816Tour]

@RobertOcchiuto @JonFlynnREstats 'letting' her leave with her own parents. right.

Because the state trumps the family?

[1816: the Grandest Tour @1816Tour]

@INArteCarloDoss Why does civilization have to collapse just for Iranian people to have basic rights everyone else enjoys

[1816: the Grandest Tour @1816Tour]

@ManyBeenRinsed Read the room mate

[1816: the Grandest Tour @1816Tour]

Build great art and civilization, not meaningless statistics

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Culture is more important than GDP.

[1816: the Grandest Tour @1816Tour]

Save the Militia Arms Store (built 1832) https://t.co/Y7iMjpumQr via @CdnChange

[Izabella Kaminska @izakaminska]

Thanks.

It just feels awfully coincidental that on one side of the world you have overproduction forced upon western markets at below cost prices and ultimately funded by financial repression. And on the other side of the world you have a private credit binge keeping people employed in equally inefficient companies, many of them also going after scale at any price and funded by historic liquidity, now consciously being removed.

The whole SV emerging tech unicorn phenomenon is to me the mirror of Chinese industrial policy. Most of the corps coming out of that space “win” by giving away their product for free or at below cost prices until they capture enough market share to kill off all their competitors. But the model is perpetual meaning there are alway new loss makers entering the market hoping to undercut the dominant ones.

So just like in China you get this insane competition until only one dominant player can survive, and in emerging they eat up all the other players at pennies on the dollar in a way that allows them to extend and pretend via consolidation.

But it’s also a quota based rather than price based system. Even in the west the market has over the past decade been conditioned to rewarding companies for growth at any cost rather than for profit, sustaining unprofitable companies for years and years providing they just keep growing.

And they’re only able to keep growing because of the deep pocketed support of private equity corps or VCs, most of whom are funded by real money pension funds, and rewarded in paper returns expressed through rising stock prices rather than dividends.

That is the only difference. Except now that pension funds are being drawn on because of demographic forces that is going to become much harder to sustain. These investors need cashflows not unrealised stock market gains.

As it stands, it’s just a deferred form of financial repression. The illusion that it’s not was maintained by Fed liquidity. People will eventually realise their investments are worthless (or rather only worth anything for as long as they don’t draw on them), but only when they try to draw on them.

And where does the quota based effect come in in the west? I think via the compensation channel.

Remember private credit mostly became a thing to support the businesses that were over invested in by private equity just to keep their opaque valuations up, an to maintain the pay checks of all the people who became dependent on the original capital misallocation. To me it is akin to the circularity of the Chinese financial institution model, wherein banks buy the debt of local municipalities which then support projects that keep the failing firms going. Except where Chinese banks are funded by depositors at repressed rates, private credit is funded by pooled long term investment capital, at fantasy return promises.

But the key point is that managers at private credit firms earn large rewards through carried interest, bonuses, and equity tied to the size and performance of their funds, which creates incentives to raise larger pools of capital and lend it quickly on the promise that these companies will grow at any cost. Compensation becomes tied to growth.

And as competition increases, this leads to higher leverage and weaker loan protections for borrowers.

That is involution. Eventually every unit of new credit extend simply feeds a loss making business model that only makes it more expensive to fund the next unit of growth.

[An Obsolete Vernacular @anticpantaloon]

Canadians and residents of 🇨🇦, pls sign & share!

https://t.co/7x0UbDrSJN

Petition to recognize #Pahlavi as transitional leader and restore #Iran's embassy in Ottawa to the Iranian people

🇮🇷🇮🇷🇮🇷#FreeIran🇮🇷🇮🇷🇮🇷

@gghamari
@NazaninAJ
@Women___Exist
@dinahbrand2
@ElsiesWoke

[1816: the Grandest Tour @1816Tour]

@grok @ZaherTPI @unusual_whales @grok Whose name were protesters calling out in the streets as they were murdered in January of this year?

[1816: the Grandest Tour @1816Tour]

@Tablesalt13 "A Part of Our Heritage"

[1816: the Grandest Tour @1816Tour]

@RBAdvisors If not for debt, that can only be inflated away

And manufacturing that needs to regain market share

[1816: the Grandest Tour @1816Tour]

@rohanarezel That's sad, considering our institutional leaders are facilitating some of the worst criminality seen in generations.

US police authorities won't even share intel with their Canadian counterparts because of how riddled with compromised spies they are.

[1816: the Grandest Tour @1816Tour]

@ShaziGoalie By 'scary' does he mean... good?

[1816: the Grandest Tour @1816Tour]

@Tablesalt13 By bad do you mean good?

[1816: the Grandest Tour @1816Tour]

@vijayprashad Absolutely abysmal analysis. Reheated stale talking points that are about 15 years out of date, along with zero discussion of the IR's recent crimes against humanity, on the same scale as those by Israel in Gaza.

Shame on you for claiming solidarity with people and writing this

[1816: the Grandest Tour @1816Tour]

@JohnVaillant @LloydsBank Wow, people still believe this hokum?

[1816: the Grandest Tour @1816Tour]

@INArteCarloDoss There is definitely a plan, you just haven't bothered to learn what it is.

It's called the Convention of National Cooperation to Save Iran, and they plan for a political transition to free elections within months.

Look it up.

[1816: the Grandest Tour @1816Tour]

@AlBowers11 @anticpantaloon @DrNeilStone studies funded by whom