Tom wants to lift his barrels onto the boat. However, this is difficult without mechanical advantage. With mechanical advantage, Tom has to use less force than without. For this, however, the distance that he has to use the force becomes longer. The product of force and distance always remains the same. This is also known as the Golden Rule of Mechanics. The product of force and distance remains the same and is defined as work. We differentiate between the following types of work. Lifting work is always done when a body is lifted. Even when Tom goes up the ladder, he does lifting work. He is lifting himself against the gravitational pull of the earth. When Tom jumps from the diving board, he gets faster and faster, he accelerates. In physics, we say that acceleration work is done. In almost all sports, there is always acceleration work happening. If Tom wants to shoot the arrow as far as possible, he has to draw the bow strongly. Deformation work is done here. Tom also does deformation work when he jumps on the springboard. When cycling, Tom has to press hard on the pedals because there is both friction in the air and on the road. We are talking about friction work here. The work is always done when bodies are moved against a frictional force. In general, work is done whenever a force is needed to move a body in one direction. The force points in the direction in which the body is being moved.


I'm going to read it again. Busy freemans asked the following question Chicho, what's your take on the depth default coming up? We are supposed to go into recession even though by the classic definition We are already in a recession. They change the definition indeed We are already two quarters of negative growth or zero growth and we're already in a recession But they change the definition and they're redefining everything, right? It's a fake fake system that they're they're selling really, right? And What it is right now is we're about to go through a major change in our civilization major huge Unprecedented nothing like this in our lifestyles our Parents lifestyles or our grandparents lifetimes has taken place like this World War two Level but more so this is in my opinion the changes taking place right now are bigger than the changes taking that took place after World War two, right? so the opportunities to establish yourself to introduce new systems to Look into what disruptive innovation is coming into play what holes there are in society Right in our communities and filling those gaps are Tremendous tremendous tremendous anyone that is attached themselves to centralized power. They're in deep shit, right? because as busy freemans stated we're going into defaults not just defaults of Companies banking crisis and stuff these falls of countries, right? United States will be the last to default Canada might be second last maybe Canada's in deep shit, too, right? so we're in in a time of serious economic crisis For me and you Joe blow right the regular working folk the Extremely wealthy are getting wealthier because They have access to free money, right? Meanwhile interest rates are kicking up inflation is kicking up So for example if someone's making a hundred thousand dollars and they used to spend You know, let's say a third of their income on food, right? And a third on shelter now. They're spending about 50% on food 50% on shelter and that's kicking up higher, right? And Add to that any debts that they might have had and stuff like this. So my take on The coming that defaults that are going to take place it private as well, right as well as Corporate as well as well as States, right is there's going to be a lot of holes being Created in our societies and that's an opportunity For us to fill in those gaps and provide a service to the community That is going to be lacking, right? So we're going into complete privatization of everything. I'm not sure how long this fascist communist phase Wave is going to last some places is going to collapse right away Some places are going to try to hold on to it as long as possible For example, British Columbia, Canada to try to centralize more communist fascist more more more more At some point people will get fucking they lose everything and then they rise up to Introduce something new Our job is to provide the alternative Okay, that's what our job is now you're gonna have to figure out what the gaps are going to be in Society that are gonna need filling because no one's been no one no one in the right mind should trust government No one in the right mind should trust corporations now, right? So build something that is outside of this whole thing, right? economically In terms of supply chain in terms of Marketing everything Decouple yourself from centralized power. Okay, that includes centralized corporations centralized government centralized Institutions everything centralized is on the verge of collapse That's not that's what my take is. Okay, that's what I've been working towards for two decades


greetings and salutations. This is just a quick video on the situation in good old America with the riots and all. And as many of you have seen already I posted on Instagram a little a little story and basically what I want to say first and foremost is that every single encounter I've had with blacks over my entire life, be it in America or Europe have been positive 100% and Also, I don't have anything against blacks taking their own side I don't have anything against blacks posting about black lives matter I don't have anything against blacks being you know, resentful of other groups.  So for me, I'm a quite simple man. I have a few virtues I stand by and one of them the chief among them I'd say is loyalty I try to you know act in a way that is loyal to my own. So when I see a lack of loyalty By all of these white individuals who do not care in the least for their own people It disgusts me and another virtue I place high In humans is courage and the opposite of course, which makes me disdain people cowardice And what I see now is a lot of cowardice among a lot of whites self-hating whites who do not dare take their own side Absolutely disgusting. So for me, I have a problem with other whites. I have a problem with self-hating whites I don't have any problem with I Don't have any problem with other groups or races taking their own side The problem is whites who hate themselves and create a bad situation for other whites and have no sympathy For the plight of other whites. You don't hear too much about the situation in South Africa for a reason So anyway, if there's anything that upsets me in this situation, it's the response from Corporations whose customers are majority white from influencers who are white whose fan base is also white and You know various normies in individuals But anyway, I also want to say that This is truly heartbreaking to see, you know small businesses, it's hard as it is then we're coming out of a Covid lockdown Particularly in America.   So anyway, a lot of black pills a lot of just disbelief from my side here But you know to all of my friends in America Stay safe stay strong and with you in spirit and Yeah, even though times might look tough try to look at the bright side of life There's a lot of beauty in the world as well. And lastly also, this is of course no No surprise this coming in during an election year. You have the COVID lockdown. You have these riots Absolutely no coincidence that it's election year, but that is for another topic So anyway, those were my thoughts again to all Americans stay safe and with you in spirit xxO


I'm Zeke and welcome to the dream green show as you guys know on my riba hood challenge I deposit $200 every single week to invest into the stock market now I'm trying to grow my dividend Robin Hood account this week I'm gonna show you what exactly am I buying with my $200 on my right-hand account And also if you haven't signed up yet I'm doing a free giveaway of a high-paying monthly dividend stock AGNC so if you click the link down in the description It'll take you to the contest and you have a chance to win a free dividend giveaway Also, if you stick around to the end of this video, you will see an extra buy that I'm gonna do in this video So make sure that you stick around to the end of this video to find out exactly what I'm investing in But enough talk. Let's go ahead and get straight into the video Welcome back YouTube if we take a look at my portfolio right now I'm sitting at fifteen thousand seven hundred and sixty six dollars on the day. I'm up seventy five dollars on the week I'm up two hundred and eight dollars and over the last month. I'm up eight point six two percent up one thousand two hundred and fifty dollars So I had a pretty solid month going on so far Hopefully I have another good month this month in order for me to completely recover my account Okay, if you see right here I got two hundred and two dollars worth of cash that I'm going to buy some dividend paying stocks right now live So here we go guys the first one that I'm going to buy That's a company that has been doing extremely well ever since the outbreak ever since the beer Virus news has been going on. This company has actually been doing Much better since the news come up in that company is CLX Clorox So we take a look at Clorox that up one point five percent on the day and we look at the last three months They're actually of twenty four percent over the last three months. So the news actually help this company out Tremendously, okay, so it's up forty dollars since The news actually came out. I have bought two shares back at one hundred and seventy six dollars and my total return I'm up seventeen percent from Clorox and long and this company pays out a dividend of two point zero eight percent, okay, so this company is not only paying a hefty dividend But it's also outperforming and doing well ever since the news came out while some some companies are going bankrupt This company is doing extremely well and that is a dividend type of company that I want to invest in so I'm going to buy $50 worth of Clorox CLX I have to do is click buy and I'm going to change it from shares To buy in dollars so I could buy fractional shares. I'm going to buy $50 worth of Clorox review swipe up to to continue and There we go. I have $50 worth of Clorox into my rivalhood account All right, so I have a hundred and fifty dollars left The next company that I want to buy has also been doing extremely well in the stock market ever since the news and that company is probably a company that you guys use Very very often and that is WMT Walmart If we take a look Walmart over the last day is up almost half a percent 63 cents of the last week down a little bit, but over the last month They're up 1.9 percent and ever since the news came out Walmart is up 6.7 percent So if you were to bought some stocks of Walmart when it first came out when the news first came out You will actually be up 6.73 percent. I'm currently up on Walmart $2.59 cents almost 0.3 percent and Walmart pays a dividend of 1.76 percent So I'm not afraid to invest 50 more dollars into this company The news is actually driving this company to outperform what it has been doing over the last couple months before the news came out So I'm going to buy $50 worth of Walmart right now hit buy $50 review And swipe up to continue Okay, so that leaves me with a hundred dollars guys So the next companies that I'm going to invest into are my monthly paying dividend stocks One of them that I'm going to invest into is SPHD. It is a monthly paying dividend stock It's the power shares inside the S&P 500 of the last three months It has took a big hit is down 25% and so My average cost was 41 dollars and 20 cents So I'm going to average in on SPHD and try to get some why the price is ten dollars lower than my average cost And this one has been paying me dividends every single month So I'm going to try to continue to grow SPHD while it's on sale So I'm going to buy a couple shares of SPHD right now. This one pays a dividend of 5.72% So it pays out monthly and the dividends are pretty high and it's in the S&P 500 So let's click buy I'm going to change it from dollars to shares and I'm going to buy One share of SPHD Okay, and the next one I'm going to buy is AGNC This is also a monthly paying dividend stock right now on the total of 82 shares of AGNC over the last three months is down 36% So I'm going to try to get this one also on the steal This is a monthly paying dividend stock and I'm going to try to get Up to a hundred shares of AGNC over the next couple months right now. I'm at 82 Let's change that to 85 and buy three more shares of AGNC I'm going to click buy three Three shares of AGNC Click review Swipe up to buy and there you go now have 85 shares of AGNC 15 more shares to go until I have a hundred shares of AGNC And the last one I'm going to buy is the most risky one in my portfolio. It has a high dividend You know that actually just cut that dividend use was brought down the price But the company seems to still be doing well is NRZ of the last three months there down 63% but this company has a Dividend yield now of 3.03% it used to be 14% so they did cut their dividends But it's a it's a real estate. It's a reek So they do have to pay out their dividends and I do believe they're gonna raise it in the future Right now I could get NRZ for a steal at six dollars and 35 cents In fact, if we go down they just had their earnings their Q1 earnings last week Dispected their earnings to be down negative 17 cents But actually they actually beat their goal and they're almost on par Here's a red dot red dot red dot red dot red dot and it's actually showing that they're kind of doing alright They're not as bad as they used to be so soon as the economy starts doing well again in the New residential Investment company starts to pay back out their dividends if I could get a whole bunch at six dollars and thirty four cents And then eventually just recovers all the way back up to fifteen dollars and they raised their dividends again Even in portfolio will be performing extremely well. So let's buy a couple shares of NRZ Let's try to buy five review make it a limit order and Swipe up to continue Done and there we go. I have Completed five shares of NRZ So there we go guys if you guys do want a free share of agency Make sure you click the link down in the description if you click that link and signs you up for a contest and you'll I'll be giving out A free share of agency on Sunday in a couple of days from now So make sure that you don't miss that if you stuck around to the end of this video That's great. I'm about to show you another investment that I'm about to do for $200 and I'm going to buy Bitcoin so I'm over here on coinbase if you don't have a coinbase account It is the easiest way to sign up and buy Bitcoin straight from your phone I'm about to show you how to buy Bitcoin. I'm gonna buy $200 worth of Bitcoin I believe Bitcoin is gonna be around somewhere around 200 to 500 thousand dollars somewhere in August of 2021 So I'm gonna stack up on some Bitcoin right now I'm gonna buy $200 worth of Bitcoin right here in my coinbase portfolio Show you guys exactly how easy it is. I do is click on big sign up Create your account the link will be down in the description if you sign up deposit $100 You'll get $10 and I get $10 and so that help you grow your Bitcoin account even faster So I'm gonna buy $200 worth of Bitcoin and hopefully next year this $200 worth of Bitcoin Will be worth somewhere around the $2,000 $3,000 worth of Bitcoin. Okay guys, so we look here Bitcoin was up to almost $9,100 a couple of days ago now it's down to $8,500 down a little bit of 0% native 0.03% hit trade hit buy Bitcoin with cash. I linked it to my bank account I'm going to type in $200 one-time purchase Hit preview buy There it goes by now. It's point zero two two nine five nine three one worth of Bitcoin At the price of eight thousand five hundred and eighty dollars I do want to accumulate one full Bitcoin before the bull run goes So I got a long way to go before I have one full Bitcoin worth on my coinbase account And there it goes guys. I successfully purchased Some Bitcoin so if you guys want to sign up for Robin Hood The link will be down in the description Don't forget to sign up for the contest where you can win a free chef agency And if you want to start your Bitcoin portfolio use Coinbase that link is also down in the description But other than that, I just wanted to show you guys what I was investing in this week What stocks was I buying why why I buying them and show you guys how to invest into Bitcoin But other than that, I'm Zeke bringing you the dream green show and I'm out peace


to be the same city I had known 20 years before when I first came to China as a young reporter. A city of tree-lined avenues, of a culture recorded in millennia, whose monuments dated in centuries. But I soon learned Peking was full of new sights and sounds. The parade was just a rehearsal for National Day. It is Communist China's leading holiday. Celebrations go on for two days. They were carrying banners supporting Joe and Lai's demands for the liberation of Taiwan.  Taiwan must be liberated. United States, get out of Taiwan, they said. At that moment, the communists were shelling Kimoy. Tiananmen, Peking's red square, was quiet. Only a few petty cabs and buses moved around. The Chinese characters say, long live the people's Republic of China. Long live the solidarity of the peoples of the world. On National Day, the square would be filled. Hundreds of thousands of Chinese would be on hand to watch. Here the Chinese communists staged their biggest rallies. The men in the street underneath my hotel window were building a sewer. The work went on 24 hours a day. I found out later this was part of a program. On Tiananmen Square, some men were reading anti-American protest letters posted on a cloth bulletin board. All over the city propaganda signs and anti-American posters. Hate America, they said, liberate Taiwan.  Near Tiananmen, there were some of the militia including a few girls. They were playing cards or other games. The people's militia is organized by provinces and military districts. Reserves for the army are trained. Although all ages 18 to 45 have to serve, most young Chinese enter the militia from the youth organizations. They are indoctrinated in communism. They stand guard, take part in major celebrations, appear on many occasions. Girls are encouraged to join. These girls are reading recruitment notices. Traffic was filling the streets. Chinese pedal to work. Headicabs are used for carrying small loads. Men pull heavy loads. There were cars, buses, carts. I saw Russian cars which the Chinese have begun to make. There were wood burning buses of the type I had seen in Europe during the war. Vehicles of all kinds, in most places of the city. There was a good traffic control system. This truck was pulling a string of trailers. Carrying a load of coke for steel making in the leap forward. The people moved among the ancient monuments of their city. They were dressed in many different ways. Men in uniforms or trousers and shirts. Women wearing trousers or dresses. A trip to Peking's outskirts passed the monument to the people's heroes. The Catholic Church and apartment buildings and government offices. There were many more apartment buildings than I had seen in the Soviet Union. The new planetarium was opened. It has become a popular place for visitors to its observatory and exhibition hall. Construction was going on everywhere. It was mostly hand labor. Manpower is Communist China's greatest resource. Colorful fabrics in a Peking textile factory. One of three in Peking. This modern plant employs many women. Three, seven and a half hour shifts daily keep the plant at peak capacity. This was the factory canteen. These girls lived in dormitory rooms nearby. Forty-five minutes a day away from work to nurse their babies. A new maternity hospital. Part of it is still under construction. Most of Communist China's workers and government employees come under an extensive socialized medical program. A clinic provides on-the-job care. I visited a worker's family in one of the apartments near the factory. Five people occupied a small apartment for which they paid about $1.20 a month rent. Kitchen facilities in a courtyard. The main hall of the agricultural exhibition. Open May 1st to display machines and implements China is making for the leaf forward. A display of fabrics for export. Visitors arrive from the province's 500 at a time for a week's tour. Half a million have visited the fair since it opened. This was a new rice transplant. They had more than 30,000 different implements. From the crudest hand-sickle to this giant combine, they had more than 170 different types of tractors. Steam, coal burning, gasoline, diesel. They claimed to have built many in the last five months. Hours of widely varying designs. Turbines of all types were on display. Locomotives for China's new railroads. This was the only steam shovel I saw in China. But this was only the beginning, they said. The leaf forward was only the first step toward China's advanced economic progress. An exhibition of irrigation machinery ranged from steam power to small gasoline motors. Even put in hand treadle. A solar cooker. It was a featured exhibit. Outside the fair grounds there was a pool. Here, watched by their waiting elders, children played pool fish in the pools of the summer palace. A reminder of China's past. Once, these grounds were the private preserve of an Empress's pleasure-loving court. She spent part of a naval budget on this marble boat. Under the Communist regime, these grounds are now a park for China's workers. No elephants on the way to the Ming tombs. A gate built five centuries ago, entrance to the tombs, imperial place of emperors of the imperial days. The Communist regime has made it into a park. Even put trash boxes in convenient places. Construction of a reservoir near the tombs. They were hoisting the stone with an arrangement of ropes and bamboo poles. With almost no machinery, they do not lack manpower. This was staging for a concrete arch bridge. Thousands of volunteer laborers worked here. Many of them were soldiers. A Chinese Communist official told me that soldiers are expected to work as well as fight. A commune north of Peking. The big new project here is deep plowing. They start with a furrow of foot deep. Then go deeper. Two about 18 inches. Plow deep to bury the American aggressor is the slogan. The commune is virtually self-sustaining. They make their own tools. They do their own repairs. 4,100 people live on this commune. 970 families. 1,600 workers. A comparatively small commune in Communist China in the year of the leap following. Leading crops are corn, billet vegetables. Their vegetables are excellent. Irrigation pump, one donkey power model. These women were thrushing billet. Children are excused from school and brought here in a group during the harvest season. Education and labor go together in Communist China. Much of their corn is very poor. Some of it was fairly good. Everyone, young and old, works during the fall harvest. These are student volunteer workers. Young men and women from Peking universities and high schools. On weekends they work on farms and roads around Peking. This group had a loud speaker with news commentaries about Taiwan and commercials about why they should work hard. For the great leap forward, donkey carts were main means of transportation out here. People in the area followed these carts picking up vegetables, beans, seeds. Nothing can be wasted in the leap forward. A trip to the Great Wall took us past rows of workers apartments. We passed camel caravans coming in from the north. Loaded with grain, wool and other products. And herds driven to market how they built it over 2,000 years ago is still a mystery. The regime has restored some of it. Made it into a park. There were even signs out here. Support the conservation program. With Lynn, my interpreter, I climbed the wall. Then I thought of what China's millions are doing today and its building did not seem so mysterious. Apartments in Shenyang, heart of industrial manchuria. About 15,000 of Shenyang's workers were housed in this area. These apartments had their own schools, garden plots, canteens. Knock on any door, they said. This woman had six small children. The family occupied one room. Her husband was a lathe operator in machinery plant number one. Women have to teach children sanitation. Educate them before the state takes over.  Shenyang developed during the Japanese occupation when it was called Mukten. In the state department store, photographs of model employees are posted on a bulletin board. A wide variety of goods were sold in this store. Although prices were very high, there were many buyers. A crowd gathered in the street nearby. They were shooting a movie. Following the new socialist realism in movies, this scene was shot outside and had a script grill. Chinese Communist motion pictures carry much of their propaganda in the Leave Forward campaign. This is Vice Director Ye Sun Ping. Of machinery plant number one, it produces 7 to 800 lays per month. One of three in Shenyang, it was destroyed during the war, later restored and enlarged. These were based on an East German design. Completed lays were created. The crates were then rolled to the railroad loading platform. It was all hand labor here. This is the Shenyang Cable Factory and Director Lin Ming Yu. Here, 4,500 workers make cable of all sizes, both aluminum and copper. All processes were completed in this plant, which the Communists enlarged following the 1949 takeover. They claim production was 12 times greater than it had been during the Japanese occupation and 20 times more than during the nationalist days. Posters calling the United States bandits and telling the people to surpass United States production. Other posters call for production to rise like a Sputnik. This was the plant production chart. Red flags are Sputniks.  And nobody wants to be an Ox Card these days. As in Peking, young students lined up for volunteer labor camps. These are young pioneers and members of the youth league. Outside Shenyang, these women moving earth were preparing land for a fire brick factory. The Communists have gone all out to get women's interest and participation in all their programs, especially during the leap forward. I found this was the best way to get their cooperation for these pictures. I visited a commune on the outskirts of Shenyang. This was the headquarters of a new commune. It had been founded only five days before my arrival. The chairman Liu Chenyang, 42, headed 60,000 people working about 65,000 acres. Ten factories were also located here. Hogs were the most important product. The chairman told me there were 17,000. Recent communist agricultural policy in the communes caused for close planting, deep plowing, plentiful use of fertilizer and irrigation. The chairman told me that this commune hoped to add 3,000 families, about 18,000 more acres, and to increase food production during the next year. It rained on my return trip. I was stuck fast in Manchurian mud. It had to get help from one of the farmers nearby. The Fushun oil plant. Here, oil is extracted from coal. Built in 1928 by the Japanese, destroyed during the war, it was restored and enlarged. The Japanese produced 225,000 tons of petroleum in their best year. 1957 production was 320,000 tons. 1958 gold, 440,000 to catch up with them. Chief of office was Dong Guan. He advised me to put on a mask for my tour of the plant. Young laboratory technicians are the plant staff. They are among the highest paid of the 7,500 workers, which include 500 women. The Fushun open pit mines. Hydraulic mining is much used here. After mining, the coal is loaded on cable cars. Then haul to the surface. Cars are automatically dumped. Some of the raw materials from these mines goes to Anshan, the steel company of Anshan. Located 55 miles southwest of Shenyang, it employs over 100,000, including 6,000 women. One-third of communist China's steel production comes from these mills, about 3 million tons a year. Under the leap forward, they are trying to increase this to 4 million tons. Coal comes from the Fushun mines. The plant also has its own department store, canteen and club. Built during the Japanese occupation, the plant has been restored and enlarged following wartime destruction. All kinds of steel products are made. They have 10 open-heart furnaces. It takes about 8 and a half hours to run a batch through during the leap forward. An improvement over earlier production figures. Fails and other products are here being run through. They had just opened a Vesema converter. This production has added the output of many small furnaces like this one. This plant made 30,000 tons of steel a year. And everywhere in China, near industrial plants and on communes, small furnaces have added their output to the big mills. We are determined to liberate Taiwan. And route from Peking to Tien Sin, we passed through an intensively cultivated region. Crops here were corn and sorghum. As we neared the city, increasing signs of recent industrial growth, Tien Sin is a sprawling city of over 2 million. Located 70 miles southeast of Peking, it is a major industrial and transportation center. We drove through streets crowded with pedicabs and carts. Groups of students and office workers practicing for the national day parade. The city gave every appearance of rapid growth. New sewer pipes in the city's outskirts. I also saw many new buildings in this section. This is Ha Qin, director of a plant which made paper from blue grass. Workers at this plant designed and built the paper making machinery. They were also building a little furnace for the leap forward. The furnace was on the plant premises. The workers were still building it. And they couldn't wait to charge it. Just to help in the liberation of Taiwan, they expected to make 14 tons of steel daily in this furnace. These women winding copper wire belonged to a neighborhood co-op of 380 families. In communist China, they are considered to be emancipated from housework to support socialist construction. This co-op was part of a much larger commune of 12,000 households. Communal cooking, save coal which was used for the leap forward. The commune had its own nursery. Mothers took turns looking after children. This little boy was singing about the leap forward. This old man was angry over Taiwan. The co-op maintained a home for the agent. I visited some of the rooms occupied by old people, like this woman with bound feet. Waters were neat and clean with quite washed walls. I stopped at a park just outside the city. I visited the Tianzhen Second Worker Sanatorium. Completed in 1955, the buildings were in the Chinese style. The hospital has 800 beds. Patients organized their own entertainment. All workers in Tianzhen are eligible. Patients attend classes. These girls are knitting as they walk in the gardens. Treatment is for mild cases only and lasts three to six months. South of Tianzhen was the Shuanlin State Park. One of the few in communist China. Everyone exercises at 10 o'clock. This was at the rear of the headquarters. Conduct donation lectures are part of all communist programs. Chinese are subjected to constant propaganda. This was formally swamp land. Now they reported getting good production. At nearby Xingli Village, they were experimenting with rice. Irrigation here was fairly advanced. These water wheels were run by a 15 horsepower motor. The experimental plot where they are working with hybrid rice scenes. They are so proud of it, they even have their own cameraman. They have bamboo poles to keep the rice from trampling. Lights have been installed to keep it growing 24 hours a day. Is the rice they claim is yielding 11,000 bushels and acre. It was raining in Nanking when I arrived.  But I learned that Nanking's population had swelled from just under a million in 1949 to two and a half million. Industrial expansion was behind this road. Truck and auto parts were piled high in the yard of the Nanking Auto Plan. Three years ago this plant was making wagons. Now it is turning out trucks and a few cars. Machinery is Chinese, Czech and Russian. They were cutting these plastic strips to be used in making small cars. Is Qiqang. He is the plant manager. Four thousand workers on a primitive assembly line. Many are women. And on the plant grounds a small furnace was also turning out steel for parts. A chemical factory where 10,000 workers turned out fertilizers and commercial chemicals. We could see the factory as we approached. Workers at this plant had built 80 small furnaces on the plant grounds. Posters with anti-American and Taiwan themes were linked with the leap forward production. This was a Buddhist temple. Within its confines is the shrine of the 10,000 Buddhas. 50 priests take care of the temple and conduct services. This priest told me that quite a few people still worship at the temple. I arrived at the Catholic Church just as mass ended. It was the only Catholic Church in the city. The priest told me that there were 200 or 300 people in the parish. The Sanyatsen tomb. It is Nanking's most prominent communist shrine. Rice patties and water buffalo on the way to Shanghai. It had rained hard and the rice was beaten down. Some of the rice was green. Some ready for harvest. Shanghai Bund. The famous waterfront with modern buildings. The communists have built a park along the Wang Po. Construction in the city everywhere for the leap forward. The Sino-Soviet friendship building. A cultural center to further the common bond between the two communist giants. Like P. King, traffic screened through the streets. I passed many factories. I was on my way to visit a fountain pen plant. I was greeted by the manager, Chi Feng Lu. Pens made here, called Hero, were modeled on the Parker 51. Ketchup with Parker was the plant slogan. I saw many young workers and students here. This was Chunkan Chu. He is saying, get American troops out of Taiwan. This is the Long Machang Chen commune. Here, 586 workers from 385 families cultivate about 600 acres of vegetables. Militia men to guard the commune gates. There was some mechanization on this commune, but most of the work was done by hand. Tractors were used for deep plowing. They reported 7 to 21 crops of vegetables a year. From post and fertilizer, both animal and human was used in this intensive cultivation. Many kinds of vegetables were raised. They also had an experimental plot where they were trying out new irrigation. Corn was raised and used for feeding. The commune reported grossing $270,000 worth of products in 1957. A tree of all kinds was raised. Chickens near an old pill box. Reminder of the Japanese occupation. Busy streets and busy days in Central China's Tri-City area. Hancao, Xinjiang, Wuchang. Together called Wuhan. In the 4th district of Wuhan a big new steel plant was under construction. When completed it will rival Anshan. Workers swarmed on the grounds underneath wooden scaffolding. They dug and shoveled. They pounded and tamped. Or is shipped in 60 miles by railroad. It is unloaded automatically in the plant yards. Cars are placed on a turnover. Then over she goes. Making went on inside the plant while construction continued outside. Their goal was 3.5 million tons of steel a year by 1961. To catch up with Britain, heavy machinery at the plant was furnished by the Soviet Union. And near the plant these new workers' apartments. 40 miles from Hancao, a new engineering college had been built on land once used for farming. Here 7,500 students were taught steel making and mechanical and electrical engineering following communist policy of learning and labor. Classrooms are run like factory shops. And under the leap forward students built lays and electric motors. Students are also sent to villages to help with technical problems. Purpose of all education in communist China is to build socialism. The Wuhan meat processing plant also built with Soviet health. Hogs are shipped to this plant from Hopei province. Killed with electric shock. 3,000 workers use up to date equipment. They are cutting the hogs up with an electric saw. Ladders are used in packing sausages. 40% of this production goes to the Soviet Union. And route to the Su Kwan. On this people's commune there are over 60,000 who cultivate about 30,000 acres of cotton rice and wheat. They claim production almost doubled in this two crop region after the organization of the commune. Commune farms challenge each other and everyone is organized for production. On this experimental plot they claim they were producing 1,000 catties of cotton per acre. This was an increase of approximately 800% over pre-commune days. Young children of working mothers are cared for at the commune nursery school. Older children work on the commune where they set their own production goals. The commune was building its own furnaces. They intended to build five small factories to produce 8,000 tons of steel a year for commune implements in equipment. The commune also operated its own ore lines. These men and boys were pounding ore. They sifted and shoveled coal getting ready to charge the furnaces. Students of the commune middle school had their own furnace. Nearby was a larger one belonging to the commune. Workers were enthusiastic. They said they were working to accelerate socialism. Working for the leap forward and against American aggression. Here one team works on the bellows and other charges the furnace. This was the new bridge across the Yangtze. Opened in 1957, the steel trust bridge has a highway on the upper deck, a railway below. A Chinese junk blown gently before the warm South China wind. The smell of the river and the creaking of the orlocks of the river sampans. The voices of the people who live on them. This was the old Canton. Under the communists, Canton was known as the city of revolution. From the top of the 14 story Oikuan hotel, the Pearl river once jammed with boats was comparatively empty. The houseboats were still used to carry passengers and cargo. Baskets of fruit piled for shipment. Surrounding Guangdong province is a rich bread basket. And Canton is also the center of an extensive light industry. On the waterfront, incessant activity. Constantly changing.  Playing along the waterfront, he may fall into the water. If he does, the sack will keep him afloat. Excitable and talkative Cantonese are far different from the North Chinese. My interpreter had difficulty in understanding the three commonly spoken Cantonese dialects. Under the communists, this colorful waterfront life has changed drastically. Many of the sampan people are being forced to move and live ashore, where the communists can better control them. This is ran to the suburbs. He visited a commune on which vegetables were raised. It was in the wide-flung agricultural section surrounding Canton. This is a two crop a year region, ready for mechanization. It was difficult to believe that the small plots would lend themselves to the use of machinery. Here, hand labor would probably always remain at a premium. It is less than a hundred miles from Canton. In the new territories outside Hong Kong, the landscape is like that of Guangdong. Water buffalo and men and women working in rice fields. It was raining when I reached the border checkpoint. I had to walk a couple of hundred yards and wait at the border station a couple of hours for a train. This library named after the vice president was a reminder I was back in the free world. It was September 29th, two days before the Chinese Communist National Day. The British had brought out tanks and soldiers were marching to their posts in case of incidents. Around in a rickshaw, they were forbidden on the mainland. The girls in Peking were nothing like this. The sky itself seemed brighter, lighter, freer. In the bay were the many sounds of a big fort. Creaking of Chinese sailing craft. The big boat whistled and was among them. And I stood at the rail and watched Hong Kong's white buildings against its steep green slopes and thought about China's lead forward.


Ladies and gentlemen, friends of the mountains. On this day, the 11th of December 2020, we celebrated the vector role that the mountains play in our lives and for the planet. The theme of this year's International Mountains Day is the mountains of biodiversity matters. Covering almost 27% of the Earth's surface, mountains provide us with food and medicine and regulated climate, water, soil, and air quality. And yet, half the world biodiversity hotspots are in the mountains. Over exploitation, invasive species and pollution are putting mountains, biodiversity, and the pressure. And the COVID-19 pandemic has further compounded these challenges. The loss of the mountain biodiversity is a part of the global emergency, where 1 million animals and plant species are under threat of extinction. And this is affecting the inhabitants of the mountains as well. Half the rural mountain population in developing world is vulnerable to food insecurity. This is unacceptable. FAO hosts the mountains partnership and our layers of government and organizations committed to achieving sustainable mountain development around the world. And FAO is launching 1,000 digital village initiatives that will include the mountain areas in the effort of rural transformation through digital technologies, e-commands, and agro-tourism. International Mount Days is a chance to celebrate the natural, cultural, and spiritual riches of the mountains. It is a day to recall that mountains and mountain habits need more attention, attacking the investment and the tillerate policies and research. Let our actions be guided by the spirit of the 2030 Agenda, of leaving no one behind. Let's make every day mountain day.


Hello and welcome to the session. This is Professor Farhad and the session we would look at previously used CPA questions that were recently released by the AICPA. Those questions are the real deal. The AICPA is the Holy Grail for CPA questions. Those are the questions that actually appeared on an actual CPA exam so it doesn't get any more real than that and we're going to be covering far section. As always I would like to remind you to connect with me only then if you haven't done so. YouTube is where you would need to subscribe. I have 1,500 plus accounting, auditing, finance and tax lecture. This is a list of all the courses that I cover including the number of lectures. I also cover CPA questions. On my website you will find additional resources such as notes, PowerPoint slides, true, false, multiple choice, exercises which I considered quasi CPA simulation, 2,000 plus CPA questions and the questions that you will see here I post the same file that's on the AICPA site. So let's go ahead and take a look at the first question. As always I would like to remind you the topic that I'm covering I will tell you in this blue box what course and what chapter in that course. So for example this topic is covered in my Chapter 22 Intermediate Accounting. Now if you click on the card you can look up my intermediate accounting, go to Chapter 22 and you would learn about this topic. So let's go ahead and start to take a look at the first question. Holt Company discovered in the prior year it failed to report 40,000 of depreciation related to a newly constructed building. The depreciation was computed correctly for tax purposes. The tax rate for the current year was 20%. How should Holt report the correction of error in the current year? So simply put they failed to report 40,000 of depreciation expense. So let me show you what happened. So from the prior year what they did is they should have debited depreciation expense 40,000. They should have credited accumulated depreciation 40,000. So what should they do now to correct this error? In your opinion what should they do? Well let's look at the first. Simply put what should they do? Well what they should do is they should credit accumulated depreciation and debit an account. Well it cannot be depreciation expense because depreciation expense is gone. What they would have debit?  They will debit retained earnings. They will reduce their earnings by 40,000 and they will credit accumulated depreciation. This is the entry to basically fix what happened. Well let's see what our options are. Hey an increase in accumulated depreciation of 32 not at all because for tax purposes it was computed correctly. So we don't have to worry about the tax effect. An increase in accumulated depreciation of 40 that looks good. An increase of accumulated depreciation of 40. Let's take a look at the other questions. An increase in depreciation expense. Depreciation expense is closed. You can no longer go back and fix that. An increase of depreciation expense that's closed too. So therefore the entry is to debit retained earnings and credit accumulated depreciation for 40,000. Therefore the answer is V as in Poi. Let's take a look at this question. This question is covered in chapter 23 and basically actually this is chapter 22. This is also chapter 22. I made a mistake here. Chapter 22. Mill reported pre-tax income of 152,500 for the year and that December 31st. During the year audit the external auditor discovered the following errors. So they reported 152,500 but the auditor found that ending inventory was overstated. Well and depreciation expense was understated. What amount should mill reported as the correct pre-tax income for the year and the December 31st? So let's take each error separately, determine if it has an effect on income and make the appropriate adjustment. Well here's what happened. If your ending inventory is overstated this means your cost of goods sold is understated. This means your if cost of goods sold understated it means your income was overstated. Your profit was overstated. So simply put your profit was overstated by 30,000. Well I have to deduct from this 30,000 because I made the error and once they fix the error once they fix the error what's going to happen once they fix the error everything will reverse. This was overstated this will be understated. Cost of goods sold will go up and my profit will go down. Now if you don't know this relationship it's it's a very important relationship that's tested heavily on the exam. The relationship between ending inventory and cost of goods sold and this topic is covered in my chapter five I'm sorry chapter seven and eight which is inventory sorry eight and nine. Eight and nine this is the intermediate accounting. So simply put when ending inventory goes up cost of goods sold goes down there's a negative relationship between the two. This is ending inventory and cost of goods sold. So we fix the first problem. Now on the exam immediately you have to know ending inventory overstated cost of goods sold was understated. So I found the I found the error I have to reverse it okay. Now depreciation expense was understated. They underreported depreciation expense. When I fix this problem my depreciation expense is going to go up by 64. As my depreciation goes up by 64 I have to reduce my profit by an additional 64 000. So if I take 150 to 500 minus 30 minus 64 the answer should be 58 500 and the answer is A as in alpha A is an alpha. Very important concepts here and this is an application problem but if you understand the relationship between the accounts how do they work it should be fine. Let's take a look at this question are no company that not record a credit purchase of merchandise made the prior prior to year end. However the merchandise was correctly included in year end physical inventory. What a fact that the emission of reporting the purchase of merchandise have on our nose balance sheet at year end. So simply put they made a purchase they did not record the purchase but so the purchase was on credit too but when they counted the inventory the inventory was counted. So simply put they did not do the following they did not debit purchases and credited AP or they debited they did not debit let's make it easier they did not debit inventory and credit AP they did not do I'm sorry AP not AR this looks like AR AP so they did not make this entry. However the inventory was counted although they did not debit inventory they counted inventory. So what's the effect on asset there is no effect because they counted the inventory. Therefore C and D are out because there is no effect on the asset. Liabilities guess what we did not report this liability therefore our liability is understated so no effects on assets liabilities are understated because we did not credit accounts payable as we should have had done. Let's take a look at this question this question is from chapter this question is from chapter 13 I don't know why I just mix mix I kept chapter 23 this is from chapter 13. Prior to the issuance of its December 31 financial statement Stark company was named as a defendant in a lawsuit arising from an event that occurred in October. Stark's legal console believed it is reasonably possible that that will be unfavorable outcome and that the damages would range from 100,000 to 150 which amount should Stark accrue and or disclose in its December 31 financial statement. So the question is how much we should accrue how much we should disclose well we need to know the rules you have to know the you have to know those rules by hard they're very easy to remember very very easy to remember if it's reasonably possible no accrual reasonably possible no accrual. Therefore A and B are out because we don't accrue anything if it's reasonably possible we don't accrue now we're down to one to C and D well if the what can we do we have a range from 100 to 150 guess what we'll disclose the range that's okay we can disclose the range of 100 to 150 so the answer is C we don't accrue anything but we'll disclose the range let's take a look at this question this is properly from chapter 13 dairy ink or dairy ink guaranteed the debt for a related party basically similar to the prior question in December dairy learned that it's probable probable notice now it's not reasonably possible it's probable that it will require to pay between 150 and 200 000 so it's probable and they have a range within the next six months in satisfaction of the of its guaranteed but no amount within that range is more likely what is the amount of contingent liability should this company accrue and it's December 31 balance sheet now do we have to accrue the answer is yes why do we have to accrue because it says it is a probable probable not reasonably possible it's probable therefore we have to do an accrual D automatically is out now the question becomes and they are required to pay 150 to 200 but no amount within that range is more than likely so what does gap says well if that's the situation gap says you go with the minimum with the minimum range what's the minimum range the minimum range is 150 now if if the question asks what would happen under the IFRS rules under the IFRS rules we have to choose the midpoint and the answer would have been 175 so be careful although here they did not tell us its gap on the CPA exam if they don't specify its gap if it's IFRS they will specify you are looking under IFRS under the IFRS what would be what would the accrue will be it will be 175 they use a midrange if you have a range okay just be careful about this in case it was gap versus IFRS in the next session we would look at additional questions specifically for FAR I strongly suggest you visit my website for additional lectures notes powerpoint slides and I strongly suggest you subscribe you study once in your lifetime for your CPA exam make sure you get it right get all the resources that you can so you can pass good luck study hard and I'm here to help you


What's up guys Michael here with Jaspies and we are going to be doing our last filler It is just a 2020-21 mosaic serial box But this filler unlocks hip parade sapphire PSA 10 edition the full 10 box case break random team so Let's Just randomize some teams here. We've got all the names in the list all the teams in a list Just got to roll the dice Three and a five eight times for the names and teams. Let's go one two three four five six seven and eight Eight times there. We've got CJ down to CJ. All right again eight times for the teams one two three four five Six seven and eight eight times. We've got Oklahoma Down to Charlotte All right, this is just the filler here, but everyone can just take a quick look at all the teams they have While I print this out you will flip it here One last look the official list CJ had last spot mojo in the filler Get anything nice out of this Serial box Never actually open one of these So we got Denny Zabuki Gary Payton Niko Mania Josh Kogie Bradley Beal Roman Powell Deandre Jordan, that's a nice one nice Tyrese Maxie NBA debut that is going to Philly Philly is Alan Green Kevin Garnett Montage Luca and Tyrese Halberd introductions actually pretty decent serial box there. That's cool That's not what you guys are here. You guys are here To see who gets into the break So what I'm gonna do is I'm gonna take all the names again First I'm gonna switch it back because I don't want to have this problem yet Take all the names again Put them into this new list roll a new dice but Six top six names get in here. All right six spot giveaway top six names We'll get into the main break here. So let's roll the dice two and a five seven times Let's do it one two three four five six and seven Thank you once again to everyone who got into this filler Made it happen unlock that break Sorry to the people who didn't get in Michael was so close Peter gets a spot CJ gets a spot Chiamm Chiamm gets a spot Steven gets a spot Alan gets a spot and CJ gets another spot so we will Copy that in get that into my list Make a note of it here. Okay Yeah, that does it once again, these are the top people who got in thank you to everyone everyone again one last time Next up will be the hip rate break But yeah, so I'll see you guys in the next one. Bye guys


Actually, the head of the Deutsche Bahn, the train company, earns more than the chancellor of Germany and the train is a public company so it's absolutely crazy what they are doing with our money at the top wages but none of the actual workers that are making sure that the trains run every day, that are getting up at 6am to get into the train to make sure people can get to work, they are getting none of the money. In Germany, workers in the transport sector joined a massive strike action on Monday, March 27th with demonstrations held in several cities. This was the largest walk-off in around 3 decades according to the trade union Bordi. Workers are protesting the foreign rail wages and demanding a fair increase in wages to combat inflation. The call for the strike was given by Bordi and the rail and transport union, it was time to coincide with the third round of negotiations between municipal and federal employers and unions taking place in post-term on the same day. No agreement could be reached in these negotiations. So it was a strike from two labour unions together because they both are negotiating for higher wages right now. They both have members in the transportation sector, different parts, the one labour union has more buses and trams and whatnot and the other one has all the trains and the wider public transportation. So all the public transportation was put to a stop last Monday or this Monday. So most people couldn't really get to work or whatnot so we really shut the whole country down. There was nothing really going on. In the city itself where we were having our rally, our strike rally, it was very empty, all the stores were closed, nobody was in town, it was like Frankfurt was where I was, it was usually a very busy city, it was completely silent, there was nobody there because of our strike so it had a huge effect on the whole country. It has been reported that the industrial action by workers is supported by 55% of the population. Workers have been protesting for over a year demanding a rise in their wages to combat the cost of living crisis. However unions allege that the federal government led by Chancellor Olaf Scholz has been prioritising the war efforts in Ukraine rather than seeing the workers demands. German Left Party dialing stated that according to a recent survey the majority of Germans understand the labour struggle of worthy and EVG no surprise because inflation and falling wheel wedges have long arrived at the centre of society, we won't let ourselves be divided. Well the labour unions in Germany actually don't really have such a strong history of striking lately in the last, my labour union strike last in 2018 for about three hours that was it, the last proper strike was I think in the 90s actually so striking for us is a huge deal. It well mainly because of the inflation that has been about 11% on all products but 20 to 30% for essential products like food, what not clothing, gas, electricity so all the workers have been suffering a lot here and have been having issues buying food or getting to work so our requests were a 12% wage increase but at least 650 euros that means so the lower income groups that wouldn't get much with 12% if they would get I don't know 200 euros with 12% we said okay they need to get a severe increase of the wages so 650 euros at least and then the upper wage groups they still should get above inflation so that was our request the other labour union requested 10% and at least 500 euros and yeah so the state really didn't like our request they said we are being irrational and what the Deutsche Bahn, the company, the train company in Germany they said yeah no that's never going to happen they offered about 5% within 27 months and in two steps so that in a few months we would get like 2% and the next year we get the 3% more so that's 5% which was absolutely humiliating and at the same time they gave their top managers 14% wage increase which is just absolutely not okay when they're telling us that our requests are irrational actually the head of the Deutsche Bahn the train company earns more than the Chancellor of Germany and the train is a public company so it's absolutely crazy what they are doing with our money at the top wages but none of the actual workers that are making sure that the trains run every day that are getting up at 6am to get into the train to make sure people can get to work they are getting none of the money yeah so we were all very furious and our labour union finally decided okay we need to definitely strike and this is probably not going to be the last strike in this these negotiations we are probably going to strike in the next months again


I don't know what you thought of this movie yet, but can we just talk about those eyes? All day long we can talk about these eyes. It's 88 Time, Corbin.   That's a fact. And uh, please follow us on Instagram. It's so juicy.  And thank you to our supporters on Patreon. This will be up there just like everything else is up there before it's on YouTube. But today we are doing a movie review of Gersnatch of our second Rithic film. Correct. It was Deborah and Gersnatch. Have we only watched two Rithics? We've watched a bunch of We've got to watch Joe to Akbar. Joe to Akbar. But and then the other one, the starts with an A. Underhunda. No, not that one. But anyways, so yeah, we uh, this is our second Rithic film ever. And we just watched a Super 30. So we'll have that's right. We'll have a third one. You have to see the line new and fresh. But this one, obviously, it's a Sanjay Le Mansali. Yes, it is. The visual master. Yes. And very different from the other Sanjay Le Mansali films. Totally different kind of a film. However, we'll get into this. And by the way, if you have not seen this film, go away. Bye-bye now. See you later because we will have spoilers because we're going to talk about everything. So this came out in 2010. Correct. I'm getting out my notes and you want to read the synopsis for me real quick. I want to read the synopsis. How about the synopsis? Like one-eye synopsis. Anyway, a paralyzed magician turned radio jockey, files a petition in court seeking permission to end his life. Yes, that's it. That's about the summary. That's about the size of it. Obviously directed by and composed by Sanjay, which is crazy, and starring Rithic. Yep. And this is the first time we've been introduced to her in a feminist film. Ms. Bakchan. Yeah, Ms. Bakchan. Is it Ashwarya Ray? Is that it? Ashwarya Ray? Yeah. Yeah. And she is the daughter-in-law. Daughter-in-law. Correct. Yes. Yes. And you've been telling us to watch a film of hers for a long, long, long, long time. There are some adorbers of hers who all they have sent me on DMs on Instagram. They send me no words. It is simply pictures of her. Yeah. Over and over and over. And we saw her, we saw her in the Devdas show that we loved. Correct. And she was obviously beautiful on that, but this is the first time we've been introduced to her acting wise in a film. So what did you think, man? I had stuff I liked and loved and then I had other stuff I didn't like. Yes. It's a mixed bag. I felt the same way and I ended up enjoying the film as a whole. As a whole, definitely. I didn't love it, as I thought I might with other films that he's done that we've loved, like Padma Bhat and Bajoramastani. I think those are very suited to his style though. Highly. Highly. Because this one didn't have the visual map. I mean, it was good. It was like, I thought it was ugly, but it wasn't like Bustrami Mastinani and it wasn't like Padma Bhat in terms of visual. It didn't lend itself to that. Like for example, I took a picture, look at this and I guess I can send this to you and you can put it up there. That shot when she's coming up. Oh yeah, that's it right there.  Yeah. And a lot of his shots are very symmetrical. I think that's a big thing. Oh yeah, I literally, I stopped. I saw that frame and I rewound and I stopped it to take the picture and then just looked at it for at least two, three minutes mesmerized by the detail. Yeah. He's unbelievable. He's brilliant in terms of the visuals. I agree. His visual aesthetic and his style and this may be unfair, but for me, it doesn't fit this telling. It was one of the things I had a disjoint about with this. Yeah. It's not that I didn't like it because it's beautiful. The cinematography is beautiful. Did you end up crying though in the end? I actually did not. Really? Yeah. I thought you would at the end. Yeah, no, I did not. No, and I can explain why. Okay. But anyways, then when we can talk about the acting, which obviously Rithik did very well. This is obviously the best role we've ever seen him in. I think obviously he had issues, but I don't hold him to the same standard that I do. Like somebody like Ranveer or Amatak Bhakjan or people like that. Yeah. But he did very well. Yeah, he did very, very well. Yeah. This is definitely the best thing I've ever seen him in and he had moments that he was phenomenal and he had other moments that I saw him struggling, which he took on. I put this in my notes. Yeah. He took on, I have a lot of notes. What if the prior, I don't know. He took on a Herculane role. Yeah. Yeah. And that's like a Daniel Day-Lewis role right there, man. Very, very few. I'm talking maybe five actors that I could name off could do this role. Yeah. And do it perfectly throughout the whole thing. Yeah. If you want to see my opinion, the greatest performance ever of someone dealing with a physical handicap. It's Daniel Day-Lewis and my 11 foot. Yeah. It's flawless. Yeah. It's perfect. It's a very difficult role. And so hard. I'm not saying he did bad because he didn't. I think he did very, very well. My critiques are nitpicky. Yes. Which a lot of people will think I didn't like his performance and it's- No, no, no, no, no, no. That's not what I'm- I think- I'm getting into nitpicky, the kind of stuff that I would deal with with actors who I would love. Because here's the thing. I think he did a meritorious and praiseworthy performance. But I think the guy- There's a- It was one of those things where I'm watching him. I was- I wished I was like flying on the wall and able to like say, okay, cut. Now, what are you doing and help him to process some things and see where he was going so we can get into that a little bit more. Yeah. But and then I think he did amazing though, which is no surprise in his dance numbers, especially the one that was most nervous with the ball. The ball. Holy cow. That's like the- That was a great song. And then he was just doing his ballet, I'm guessing. Ballet. And it was- I said at one point he did one particular move in the very early stage of the dance that was pure ballet movement that we haven't really seen him do. No. And again, the muscularity being lyrical. Fluidity. Yeah, I said out loud, I said, oh, Rithik, so pretty. Yeah. Like that was so beautiful. And then obviously Sanjay shots in that as well.  Oh, yeah. But like- Obviously it's no surprise that his dance members are just obviously his strength. And he's so hard to look at. Yeah, he is. He's just such an eye-catching guy. And um, but I think the girl that stole the show and that's no surprise to you guys was Bakca. Like, right? Do you agree? No. I think she was- We were going to be here a while. I think she was- I love her. Just as much as I think I love Shadevi. I felt like there were some aspects of his where a backstory wasn't fully created for him, that the subtext, I don't know how fully created it was or how much he was tapping into emotional recall or some of the really technical dynamics that can take you from something where you're performing a role versus inhabiting the role. There were moments, particularly his cadences. There were so many things he did that were so fast. And that could be something as simple as the director saying, I need him to be more agitated. I need you to go, go, go, go. And the actor may not necessarily feel like I want to do that. But the director is the one in control. And there are times where you have to give the director what they're asking for, even if you don't have the quintessential, what's my motivation? Well, your motivation is the director said, do it. And that's sometimes what has to happen. But there were moments, for example, when his mom showed up. Yeah. This is where I don't- It's that space between what I would have preferred, but also letting it be whatever Rific was doing without judging him, if that makes sense. I wanted to see it went so fast. He saw her and said something and it was immediately there versus how long it had been since he'd seen her. How deep is this relationship? I would have loved to have seen it just sit there and breathe for a minute. And there were a lot of moments for his character where I felt he was agitated. And then here's another nitpicky thing, which will fall into the Daniel Day-Lewis style of method acting. He was flawless in terms of his not moving his body. There wasn't a moment where he had terrific control of his body. Total control of his body. And I looked. I mean, there were points where I was watching shoulders, arms, hands. He'd never moved a muscle. Yet, I would have liked to have seen, this is my preference, they might not have been able to do this. I would have loved to have seen them give him six months to get muscle atrophy. Because he's been that way for 14 years. So someone who'd been that way for 14 years. I don't know that he wanted to because he is a dancer. I know. And he has to dance in those moments. This is really crazy nitpicky. I don't think he could do that. And I don't know that he could. Those were just some of the things I'm thinking of in terms of being fully drawn into because I was there was only there were only two people and one moment that I was fully drawn into and believed what I was watching was really happening. The two people were, believe it or not, the little just role her husband had. Oh yeah. And that scene. That was an intense scene. I love it. And the way he shot that by just sitting the camera at the bed and not moving the way Rithik can't move. Yeah. I thought it was brilliant.  And then they come back on to the bed and I thought husband was great. Yeah, he did a great job. So now let's begin to talk about her, shall we? Yes. I mean, just go right ahead because I'm sure you're going to say everything I think. Yeah.  And very much remind remind me quite a bit of the pika. Yeah, but much bigger.  Yeah, Sri Devi. So I don't know where this was in her career, but obviously her character was the one I was invested in the most. This was for me the same way that I saw Priyanka in Bajramasthani and was like, oh, wow, you have totally, you're the one I'm watching. Yeah. I felt this way. Yeah. And then I just forgot what I was going to say. What was I going to say? And you say I'm old. You were talking about her eyes. Yeah. No. Oh. And if this is the first time. I love the story of this film. I thought was brilliant and heartbreaking for her because one, I didn't realize that she was married to that whole time.  Right. And I love all those references. So I want to see her legs. But I thought she handled everything very well. When she got mad at him at the beginning, and then you met that other guy who I wasn't a huge fan of either. No one else in the film I was a fan of other than, I mean, I didn't detest them. I've seen a lot worse, but there wasn't anyone else that for me was like, shout out. Yeah. Yeah. Yeah, I do agree. But obviously she was on the screen most of the time. So that thankfully, yeah. I just but I thought the whole the story of the whole thing with she was there for 12 years, helping him. She was married the whole time never took a day off. Right. And then in the end, she they got married, which I was like, hmm, yeah. Because yeah, it's like one, I didn't quite understand because he lost the case. Right. I didn't understand the end fully. Me neither.  Or like, I don't know. How are we going to do that was the scene before he proposed, which I think it is going to be her because he said you're going to get anywhere from two to 10 years for doing this. And she was like, yeah, but I don't care. Yeah, I think she was going to be the one to do it. Put a pillow. I don't I don't. But it was odd to me that everybody else was there, like drinking a toast and celebrating the fact that this is going to happen. I understand what they were trying to do. Maybe we missed something like if like somebody was about to die and it was like their last days and sure, which terminal illness, which I guess that then that was the way they had him set up big set. Yeah, a big celebration. So I think that's what they were trying to do. I just didn't understand the end because maybe that's was the end.  Okay, that's right. That's something I didn't quite understand. But I didn't enjoy and I enjoyed all the angles of like the doctor needing he was like, I'm here to save save lives and kind of everybody in his life because the subject matter of this film, I think is a great subject matter. Once again, with the Indian, the subject matter. Yep. I've never seen a story about assisted suicide. No. And it's obviously a very touchy subject because if I was a vegetable, well, I would want I would want to die. Is it million dollar baby have some of that in there? Yeah, that's the only other one that comes covers it. But it's and it's a big I mean, here in the United States, you guys probably know this because you guys are well more aware of what's going on here than we are over there. The that issue it's an international issue. Oh, yeah. It's just it's a big deal about the right to life and all of the things that they they covered, which is hard to cover. It's a hard because but I love the questions that it arose. Yeah, because one if I was a mythic character, I want the exact same thing. I want to die. I don't want to live like that. That's right.  I can't I can't live like that. Right. I see it's one of those conundrums. Yeah. And anybody I see both sides if you allow it, then you have to like talk about the whole just people that aren't in this situation that just are depressed and want to die. And then you want them to actually go to therapy and right get through all this kind of stuff. Right. And so it's it's one of those Pandora's box things that really come. It cannot be simplified, which is why it's a great film because I love films that leave you with questions. Absolutely. And so that was one of my favorite parts of this along with she was definitely my favorite part. And so I'm very much looking forward to seeing her other work in in Devdas with her. Let me say a little bit more about what I was writing down about this lady. First of all, she's obviously beautiful. And this is this is I got mad again watching an Indian film. You know what I got mad about Corbin Miles? Never heard of her. Not just that. Oh. India. So box. Yes. The number of beautiful actors both male and female that you have both in their heart because you see it in their artistry as well as their personhood that also have incredibly deep talent as actors. That doesn't happen a lot here. No, it doesn't. What? It does not happen a lot with our actors. I think it's it's kind of crazy because a lot of films we watch I'd say 34. We have been more drawn to the female characters in them. Well, yeah, I mean, right. And I would say which is which is unusual. Well, it's because a lot of the films that we watch because I would say the majority of American films that we watch. There's a gravitation for the man. I mean, that's the issue with Hollywood. They had to struggle for a long time giving females good roles. Yeah. So that's that's not a surprise. Right. But obviously India and giving these females these amazing roles and then they're the time because one their films are longer and then the the roles to shine and these beautiful these beautiful women with such great skill artistically and her skill. Okay. She's weird in this respect. She is so aware of her screen presence. In the same way, you know, she reminded me of some of our legendary Hollywood actresses from the heyday and the golden era of cinema back in the MGM grand days, like Ava Gardner, Jane Russell, Betty Davis. She reminded me a lot of Betty Davis. These are women who crossed the bridge between the silent era of overacting and the method acting era where you become the characters. She has the ability to be aware of the camera at all times, like those ladies, but still be believable and be in character and be in the moment. That's really, really rare. There are moments where she is just dead still moments where she did a turn and it was it was done. You know, it was done because she knows it's going to look good on camera. Like Scott, he will tell me all the time about the reason he knows he can do well on TV. This is a mutual friend of ours who does TV work because he knows what the camera wants and he'll just do it because he knows what the camera wants, but he'll still be believable doing it. She's clearly a master at that.  Yeah. I'm like, I'm looking for and on Twitter, if you don't follow us there, why not? Why not? But don't you like to tweet with Corbin's twat? But I had, usually they know what we're watching. Yeah. Because I'll send out a GIF of something from the movie. And then like, I got comment after comment of, yes, you're finally going to see the legend that is right. Have you say your name? I believe it's Ishwarya. Ishwarya Rae. Yeah. Ishwarya Rae Bakchang. I hope that's right. She deserves it to be pronounced correctly. She is just so brilliant. And she's in Joda Akbar. Yes, with Rithik, who I've heard, everyone says that's like one of his greatest performances in the Devdas. Yes. So there's a bunch of hers that we're looking forward to exploring. I know she's probably been around as long as like Sri Devi. Yeah. And she, comparing the two, and this is not really kind of a fair comparison because Rithik had so much he had to deal with. But getting back into the techno jargon, there were moments for him, she never had any of these. I believed her every moment she was on screen. There were moments with Rithik I didn't believe where I felt he was potentially indicating and potentially showing me what he probably need to show us versus touching into, which is only one of, I mentioned backstory, I mentioned subtext. Also, I wonder, and this is where I wanted to be like with him and talking acting. As you know, there are some places, because this character he plays has to go to some really vulnerable raw places. And to be believable is that character, you as the actor, you've got to share some of your raw stuff to be believable. Substitution, emotional recall, whatever that is. And I felt like maybe there were some walls there. And I don't know if that was because he hasn't done the work personally to break through walls. Or again, directorial choice, I need you to do this, I need the pace of the scene to be this. Again, nitpicky, but that kind of work technique notes I would give him, I didn't have any of those for her. No, she's the only one in the film I would have no acting notes for. No, no, not at all. Yeah, she was utterly brilliant. Yeah, quite exciting. And again, I didn't dislike Rithik. I hope it's not coming across like I didn't like I felt like he like when he hated Ali Abad and ran. Yeah, no, there's no hatred there. Remember those? This is this is the guy got to the summit. So here's so he got to the summit of Everest, which he had a huge mountain to climb. He just didn't do it as prettily as someone for me like a Daniel Day Lewis would do it and it was a very tough role. I mean, most one of the hardest roles you could ever do. Yeah, most actors would probably fail more than would succeed, I would say. Absolutely. And the fact that he could keep me through, even though I didn't find him believable 100% of the time, I found his body work to be completely believable. As you said, dancer. Yeah, and then obviously any of his dance numbers. Yeah, obviously, that's no surprise. Yeah. Yeah, that was one of my favorite parts of the whole film is the the ball, the ballet. Yeah. So I could watch that over and over again. But I also found this and I don't know if this was because of the script or what, or my own impositions upon him. I found him to be a weird, almost contradictory mix of optimism and pessimism that really kind of threw me.  As a paraplegic, which makes sense. You mean you can't move any of your body so you'd be, but they didn't build that up in his early stages? In fact, they gave you the opposite. That moment with the fly on his nose. Yeah. Conveyed to you, this is a guy who can accept reality for what it is and turn a negative into a positive because he just said the fly is going to be there. I'm just going to laugh and he does that with the rain. So someone who seems to be that mentally tough. That was a good scene though. Wasn't it? The rain. The rain. See, this is the guy. He's basically getting weird, ceiling contradiction of extraordinary mental toughness, which I guess he has to be. Maybe that's for 14 years. Maybe that was the point though. That he's reached his breaking point. Yeah.  Yeah. And then that makes sense. Yeah. So there was just some little stuff that obviously we both had an issue with. Score. How about the score? Oh yeah. His music. We always forget about the score even though he loves music. I mean we've talked about the dancing, so that includes the songs. Yeah. They were all really brilliant when she got up and danced. I thought that was a great song. Yeah. I thought there was a moment when he went to sleep and she drew the long pretty curtain around him and she's walking away. There was something going on with the score at that point that really stood out to me on how pretty the score was. And there were moments where I saw and I've read some reviews where people didn't like this about Sanjay's visual aesthetic with this subject matter in this style of film because for example, and I like Sanjay so he kind of gets away with it for me, the lack of believability in for example the funeral for his mom. There's this aerial shot not too high where he has the people spaced around her in a way that would never be done at a funeral. But visually it's fantastic. So that kind of visual artistry that's conveying some kind of symmetry and message of uniformity and painting a picture works in an epic like Padma Vaat or Bajramasthani in a more realistic piece. I can see why someone would feel pulled away from it. At the same time I was like of course he's doing that. You watch it for the shot. Of course he's doing that just like with our friend Vishal. Yeah Vishal. Oh it's just their masters at their craft and so yeah watching them work just like an actor is just fun. I think the difference for me is oh there's a huge difference between those two. You know what the difference reminds me of? This is a great comparison of their directing style. I know. Here's their directing styles as masters because I consider them both master filmmakers. They remind me of Beethoven and Mozart. Yeah and here's why for those of you who haven't paid attention to those two. Sanjay would be Mozart whose impeccable artistry attention to detail is just flawless. Probably comes up with his visuals the way Mozart came up with his melodies. It doesn't even make any revisions. Just this beautiful artistry just flows. Beethoven fights, scratches, gets dirty, does stuff that he doesn't like and then they both come up with masterpieces. That's Vishal. That's Vishal. Vishal's Beethoven and Sanjay's Mozart. I will say one last thing for that I agree for Rithik. I watched this film before the Super 30 trailer for the Super 30 trailer. I saw the growth and obviously it's been 10 years. Yeah even in that trailer of Rithik and his he looks really believable and I obviously can't speak for it yet because we haven't seen it. Of course. But he looked... What was Deborah? Sorry I didn't mean to interrupt you. Deborah was I think a year after Gazarj. Gazarj. Okay go ahead. I didn't mean to interrupt you. But yeah I could see the growth even in that and then obviously so there's other films that we need to see and they I think Rithik's a really really good actor and I think he can get even better even with time. It took balls. Oh yeah this is I mean like I said most would fail at this. Most would fail utterly and horribly and embarrassingly and everyone would be mocking and making fun of them. Oh yeah 100% yeah um but there's others we need to watch so please let us know what uh what do you make some of his we can watch hers man. Agnipath is another one for Rithik that a lot of people suggest. Well we gotta enjoy the Akbar they're like they're gonna be screaming for you. Yeah because it's both of them again. Both of them. Joda Akbar but then you also got the dev dots that we I know guys we know and then I know the list is long. Shole Swades. You're not sleeping are you? Nope yeah.


So my name is technical sergeant Nelson Gerber. I am an in-flight refueler, so my job is to make sure that I get gas to all the receivers that need it. When we're in the air, we have a meeting point, what an aircraft that needs fuel. So again, our purpose is to make sure we keep these aircrafts in the air because without us they're going to have to land, fuel on the ground which takes a lot longer and take back off. Again, because we're able to keep these jets in the air, they're able to accomplish their mission. So I have that sort of accomplishment knowing that I'm able to keep the mission alive and allowing these guys to go out there and complete their mission.


Good day, fellow investors. What is the most undervalued stock in the whole world? Well, of course, it's Gazprom. And I'm going to argue that it is extremely undervalued that the management of Gazprom that many say is not good is actually great, and it does exactly what it is meant to be doing. And then we're going to discuss a possible investment strategy when it comes to Gazprom. So, Gazprom's market capitalization is 50 billion dollars, while 70 billion has been spent on capital expenditures from 2015 to 2017, added the 30 billion in 2018, and capex of 100 billion spent mostly financed by free cash flows, operating cash flows, and you have a market cap of just 50 billion. So, what's wrong there? In a normal world, that would be impossible. And consequently, the price to book value is extremely low. The price earnings ratio is extremely low. So, why is it that Gazprom is so cheap? Further, if I look at Gazprom's reserves, those are staggering when compared to the industry. Actually, those are bigger than the whole industry, which is really crazy. Plus, Gazprom has also 172,000 kilometers, that's just about 100 miles of pipelines. According to Sari Energy, the cost per mile increases with pipe size. So, construction on land using 12 inch pipeline costs 300,000 dollars per mile, 42 inch, 1.5 million, given that Gazprom's pipelines are very big. I would take a low price of 500,000 per kilometer, apply it to 172,000 of pipelines, and just the value of the pipelines should be around 82 billion. Even if they spent 60 billion just on the power of Siberia, so actually that should be higher, higher and higher in value. Further, on a cash flow valuation, average operating cash flows of 25 billion over the last few years, assuming 10 billion in necessary sustaining capex with a price to free cash flow of 10, the company should be worth 150 billion at least. Not to mention they own Gazprom 96% of it, with the market capitalization I think of 25 billion. Now the question is still, okay, why is Gazprom valued at just 50 billion? We can start discussing the debt, which is actually just 36 billion in long term debt. Given the operating cash flow of 25, 40 billion per year, this shouldn't be an issue. Let's talk about the management. Perhaps the management isn't good, and then the company is so cheap. Well, I would argue that the management is actually doing what it is supposed to do, and very well. We go back to the same capital expenditures we showed as value, and then you might argue that it isn't actually value. If you spent 100 billion in four years, you might have an expected rate of return, which in Russia should be 10%. So that should add 10 billion per year into free cash flow when the projects are done. Add that to the already 20 billion there, 30 billion free cash flows, profits, net, the market cap could be 400, 500 billion easily in this case. But Gazprom's projects are not expected to be profitable for Gazprom shareholders. Those are expected to be profitable for Mother Russia and for all Putin's friends that have companies that actually build those pipelines. I have found the Sberbank report from Alex Fak, yes that's his surname, that he published this report in May 2018, and then he was immediately fired from Sberbank for doing that. But he argues that the management is actually very good, because it does what it is supposed to do. Let me discuss a little bit the report. I cannot use Sberbank's details, but Google it a little bit and then you will find Sberbank's report. And if you're interested in Gazprom, I really suggest that you read it. I'll try to just show you a few points from the report to make things clearer. If you look at the power of Siberia here under two, Gazprom could have gone with a much, much cheaper way, power of Siberia, 60 billion cap, 60 billion capex. If they would have gone to the shorter route, where they already have pipelines, where they already have production and everything, they could have spent just 10 billion. But that would be 50 billion less to the pockets of the people like Gennady Timchenko that own businesses that build pipes and are Putin's friends, because you don't become head of Russia-China business council if you're not a friend of Mr. Putin. So he owns Stroy Transgas, a company that builds pipelines. And then if we go to Turkey, Turkstream and Nordstream, that was done politically to avoid going through Ukraine, not really profitable in the long term, because you already have a pipeline going through Ukraine. But they are very happy to build those pipelines, especially as most of the spending is done on Russian shores. And then, of course, Bulgaria, Serbia, there will be a Russian company doing that. Another company in the same business is Stroy Gas Montage, owned by Arkady Rottenberg, a close ally of Putin. And they are also building the pipelines. And back to Stroy Neft Gas, they awarded the contract to build 548 kilometers of pipelines for Gazprom, without a tender for Nordstream to just to give an example. To put things into perspective, just look at the huge operating cash flows in the last 10 years. Huge capex and miserable free cash flow. The first line in the yellow is the operating cash flows. It's in rubbles, but those cash flows are huge 20-40 billion dollars per year. For practically all the past, what, seven, eight years, cap spending is close to the operating cash flows. And there is just a little bit of money left to pay dividends. So this summarizes Gazprom. And I think the chart, the table with the cash flows really tells you, okay, this is Gazprom. It's a company owned by the Russian government and smooched by the Russian government to increase production, increase building, increase Russian GDP, and to help those companies that build those pipelines and increase Russian GDP. Because those companies have employees, Russians, that work, etc., etc.  So a little bit the power has changed as you have a lot of billionaires now. But still, I think that the dividend for shareholders across the world is not the first priority when it comes to building pipelines, developing GDP, employing people, getting, giving some money to rich ally friends, and then come the dividends, as you can see in the free cash flow. So that's something to keep in mind when it comes to Gazprom. However, we are investors and we have to always look, okay, what can go bad there and what is the upside? So let's see. The dividend is 5.3%. It has been increasing at least in rubbles over the past 10 years constantly. So we have constant dividend increases, some special dividends, but on average dividends have gone up. However, the question is, okay, when the power of Siberia, Nord Stream 2, Turk Stream are done and completed, there should be a big sunk cost that has already been paid and there should be some cash flows. So that should be a positive. But what will Gazprom do with the other cash flows where this is an old chart that I have found from 2000, 2000 something that describes the age of Gazprom's pipelines. Now we are at more than 50% of the pipelines that are older than 30 years. Do you think that in the next decade, Gazprom will be investing to renew all those pipelines so that those companies can have a job? That might happen. So all of the above is also summarized by the fact that the stock didn't go anywhere in the last 15 years. So when I buy something, I like to be convinced that if the stock goes even lower, I buy even more because when it goes down, it means that the value increases. However, if they decide to cut the dividend, they decide to increase taxes on natural gas or whatever. And if they decide to renew all the pipelines, I think the upside is really limited and the last 10 years have been a proof of that and that's why Gazprom is undervalued. Given the politics, given everything, we don't know what can happen there and I wouldn't be happy averaging down if the stock price goes even lower just because of course there is value because I don't know what will put in the side. It's impossible to do that. So let me compare Gazprom to other oil companies in Russia, oil and gas as I have a list there. So we'll see, we'll watch it, we'll see how it goes but I'm not convinced. Let's say if we ask the seven questions we have been discussing in the videos, does it have great management? Of course the management is great but not for shareholders. So it simply isn't a yes and why bother then with such companies where we can find companies that have great management and similar downside and also similar upside. So that's why for now Gazprom is a no for me. Perhaps I'll invest in it if at some point in time I really don't find anything better but for now I'll stick to my research, researching, creating reports like this and then from 500 reports I'm sure I'll be able to pick the five 10 stocks that have all yeses. I don't need more than 10 stocks in my next decade to have great returns. Thank you for watching. Looking forward to your comments on this, objective comments or are you really enthusiastic about the extreme upside potential if Gazprom would be fair to shareholders or are you disappointed from the perspective that the management isn't actually working for you? Thank you and I'll see you in the next video.