So our next panel is who and what will get to think the future and I'm delighted to be Talking about this with Ted Chang a science fiction writer a technical writer the author of stories of your life and others and the life cycle of software Objects his stories have been winners of the Locusts and Nebula Awards And he is distinguished today by being a science fiction writer who's not actually in the book So he still has some some some shred of independence To tell us what he really thinks so Ted I want to start by asking you I want to lean on this word think I'm really this is a subject that I become really interested in over the past year or so. I'm working on a book about algorithms as culture machines basically and the ways in which thinking might not be The same anymore, so how do you what do you think thinking is going to mean and do you see that changing in the near future? Well, okay, so there was this I thought a really fascinating anecdote that the science writer Stephen Johnson Mentioned once he was working on on a science book and he he has installed on his computer a piece of software which It the it caches all like sort of all the webpages and stuff that he has consulted for research and all sorts of his notes it organizes All information that he wants to use and this software also scans what he is typing as he types and then it throws up possibly relevant information from his personal research database and in in the course of Writing a chapter in the software threw up a piece of information which he thought was that was a really interesting Connection it made You know and then that gave rise to an entire chapter of his book Making this this this connection between what you know one thing that he had said and this other thing that the software had brought up and he He wondered who came up with the idea for that chapter Was it him or was it the software? Now you know that that example is you know, that's not that that piece of software It's not something that most of us are using right now, but I think you'll the fact that We are more and more sort of relying on computer devices as a lot like a lot of people call them secondary brains We are sort of doing a lot of cognitive outsourcing so in in various fashions our thinking is Partially being done by algorithms now and We know our creativity is not all happening within our heads now and You know at some point It you know it will probably become worthwhile asking What How much how much do we want to how much of our cognition do we want to seed to? Software and will there be? Will the companies who make that software have an interest in Getting a part of our cognition Will different companies you know offer sort of maybe different benefits or different styles of cognition and You know is that something that we will be that a choice that we will have to make in In the so when we choose the software we use I think we're already there. I mean This is but borrowing this from from one of my colleagues based you, but you know how many of you use Apple devices How many of you feel that this is in some way kind of a moral or aesthetic choice? Right that you sort of look down on people who don't use Apple devices, right? And the same could probably be said of many of the Android users in the room we and There there's already a kind of Cognitive investment that we make you know at a certain point you have years of your personal history living in somebody's cloud And that goes beyond merely being a memory bank. It's also a cognitive bank in some way I want to come back to another thing you mentioned, which is this notion of creativity one of the We've always used tools from the each thing to You know flipping through your copy of the Aeneid in the Middle Ages To going to a library and looking at what books are on the shelf next to the thing you thought you were looking for We've always used serendipity a sort of structured serendipity to do research to have to do intellectual work and one of the most interesting things about Digital systems like the one that you were talking about from from Steven Johnson is that they also Manufacture serendipity in a way that is supposed to be helpful to you But all of these systems have their implicit biases and reasons for doing things right and so We might be using Twitter as another serendipity engine to try and find out what's happening in the world But Twitter isn't only interested in in showing us stuff that's happening in the world, right? They have these other agendas other as we were just talking about in the last panel People are trying to make money off this and we're not really the users of a lot of these systems We're the product we're the the the thing that's being sold to advertisers so as you think about Where we're heading do you I'd like to hear you reflect a little more on that that question of style Do you think that? Do you want to speculate on on what kinds of styles we might actually get to have? I mean is it going do are we are do we already have are we already starting to wear the grooves? Through the relationships we have now with our software tools Well, okay, so in terms of you know the what sort of serendipity we rely on I think that I think Google Auto complete is You know I think it has become something that a lot of people rely on you type in a word And then you see what's in the drop-down list and that will often influence What it what the next word you type is? and while You know It would be nice to think that you know that drop-down list is Determined on purely objective terms, you know, we have we have no guarantee that that is I mean There's no there's no real definition of what constitutes an objective, you know population of that drop-down list There's going to be an algorithm and different people, you know we'll offer different algorithms for how to populate that that auto complete list and That will shape the serendipity that you experience when you are doing research even something like This is this next example is not so much algorithmic, but again the fact that you know so many people rely on Wikipedia and you know Whatever the authors of that Wikipedia entry and whatever links they put in Those are probably shaping a lot of people's ways of thinking about topics and You know these are all things that we You know, we didn't voluntarily sign up for and initially we think these are incredibly welcome conveniences But you know, they are they are shaping Yeah, the serendipity that we experienced there They are in some way influencing our creativity and You know at the moment Google, I think you know really dominates search at least in the English language But you know, you mean you could you could easily imagine a situation where different search engines, you know Are you know major players and if they if they're auto complete lists are, you know, you know different in some way You know people might you know Choose their search engine because you know, I sort of like the auto complete suggestions that Bing is offering More than the ones that Google is offering. It just get me, you know. Yes. Yes And you know, so that is You know, it's it's a it's sort of an extension of targeted advertising and it's you know, it's an opportunity for a kind of you know Targeted You know cognitive bias I I'm fascinated by auto complete as a short digression I I teach a course at ASU called media literacies in composition and one assignment I have all the students do each year is to write a poem or a short story Using only phrases they get from auto complete And I'll I'll usually give them up like a seed that they can start with like, you know How do I or something like that and they can add on letters or words if they want to to kind of farm out, you know Get more stuff But it's it's fascinating and one of the reasons that it's it's so compelling is that you know I mean, I'm you know, I'm sure Google is manipulating this and you know trying to get you but but they're also This is this isn't a cognitive amplification of what thousands of people must have typed into their search bars at some point Or another to actually ask about and so that can be fascinating horrifying deeply sad Sometimes, you know, sometimes joyous when you see what those things are if you type in how do I you know, it's sort of Mind-blowing what comes up and so the the the the poetry the fiction that comes out the other end is often really Interesting because of that too, you know that idea of grooves, you know, these are really well-worn grooves people sitting there typing this stuff in But what is Really intriguing to me now beyond simply autocomplete is the whole sweet the old the whole apparatus of interaction and I think Google is the the elephant or maybe the the octopus in the room in this case in this context because they are now it is it is It is so easy to look something up on Google and now Google has of course in sort of ingested Wikipedia So Wikipedia entries will pop up if you've ever you probably noticed that if you're looking for something and Wikipedia happens to have an entry of it Google puts it right up near the top for you Often you don't even need to click through to Wikipedia, which I'm sure makes Wikipedia sad and You know, they've they've sort of absorbed this entire this entire knowledge infrastructure from Wikipedia and they have this this project called knowledge graph where they're they're basically going out and trying to ingest portions of the web they started with things like Wikipedia that had structured data and now they're Proceeding out into unstructured data and the the deeper wilds of the internet I feel like eventually they're gonna travel back in time and you know start surveying geocities with little spiders and getting all the all the all the old gifts but Where they are what they're really doing is is building this this map of ideas and stuff, you know of cognitive elements and What Because it's so easy and it's an almost impossible not to begin any intellectual question You have them that you're going to use a computer for it's almost impossible not to begin with Google now in some way shape or form Right at least again in English certainly in the US It's easy to forget all the stuff that Google doesn't know so that's one one thing to think about and the the seduction right the seduction of Perfect knowledge in the seduction of Wikipedia too, which is its own romantic notion of building the universal encyclopedia So that's one thing and then the other thing is is getting you know getting back to Sure, there are thousands of people typing this in but ultimately comes back to you And is this something that you end up typing in why is Google? Why does Google keep trying to complete my sentences and my thoughts for me, right? And this is some Google now Google now Google will tell you when to go to your next appointment I find it I find it deeply useful. I'm not trying to you know knock this. I think it's it's exciting and Something that you know, we need to think hard about at the same time But they're not just mapping outer space the universe of knowledge. They're also mapping interspace right? They're mapping each of us and there's this sort of interesting question of What point at what point do computers and algorithms actually know us better than we know ourselves? Because they can see things about us that we can't easily see they can they know Way better than us how long it takes us how exactly how long it takes us to get out of the house each morning or you know You know how long it takes us to eat lunch or how many typos we make every hour How efficient we are at 11 a.m. Versus 3 p.m. You know their algorithms that kind of gather all this information so What you know do you think do you think we're gonna be more surprised by Algorithms that map the outer space of knowledge or the inner space of knowledge well, I guess you know, I think that the I think that the The risk is that you know, we will not be aware of it mapping the inner space of knowledge. We Will not be conscious of the way that it is you know shaping our cognition, you know modifying our habits You know the The utility of Google for you know searching, you know, we're getting the information that is something that we are aware of You know, we're thinking this is great, but It is having an effect on us internally and you know, that is much much less obvious and I mean, I think this is this is something that In way is you know, it's a continuation of a Long trend of sort of cognitive technologies Socrates famously he criticized writing because He thought that you know, it only creates the The illusion of wisdom instead of you know, someone actually knowing something themselves They just read it somewhere and you know, they don't really know it To be fair Plato really put those words in his mouth when he wrote the book. Yes. He did he did And So, you know our Our reliance on Google and you know the internet in general in a sense You know, we are like all of us are you know trivia champs now But you know sort of meta trivia champs, right? We know how to find it. Yes. Yes. I mean We all share We all share a certain Cognitive resource now and It is Yeah, it in a lot of ways we all feel we all feel that like This is an incredibly powerful tool But you know Socrates or Plato, you know had a point about the fact that There it is taking something away from us, you know when people are deprived of the internet when you don't have your smartphone, you know A lot of people they feel less themselves So You know that is That is one of these sort of unanticipated side effects of this this this technology that we all love Yeah, I think that that notion of the the phone and in some ways also the these invisible things, you know What are whether it's your Twitter feed or or whatever? But there are these these cognitive prostheses that do somehow amplify you that are that are yourself And which leads to the interesting question of cognitive Proprioception cultural proprioception in the sense that you might have these These things have that have become internalized as part of your identity that only exist virtually And they can actually do other people virtually. You know, I think it does fundamentally change Who we are as humans and you know as a as a card carrying English professor, you know The humanities is changing right then how we read and write is fundamentally changing because of these tools And that means that how we construct ourselves as human beings and what we think that means is also changing And I think we're just at the beginning of that I'm gonna give you the last word I guess I don't I don't have I don't have a Should we Google it yeah, yeah somebody somebody out here in the audience will have figured it out for us on Twitter So yeah, I think who and what we'll get to think the future It's clearly gonna be a collaboration, right? I think that's the I think that's the stopping point As this was so thank you. All right, so You


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Hello everybody and welcome back to Esoteric Atlanta. Of course, my name is Bryce and this is our reading of the next installment of Thoughts and World Tablets. We are looking at Tablet 9 today, which is the key of freedom of Space now before we get started if you are new to this channel, this is the first time that you are joining us for this Reading in this discussion. I'm really glad you're here. Welcome. Welcome. Welcome You don't necessarily have to listen to the previous tablets to Understand this tablet, but if you would like to after this is over or before getting into this tablet if you would like to look at the past readings of all the previous tablets, those are down in the description box below under show notes. Now again before we get started, let's take a brief moment to hear a word from our Sponsors. My uncle Dan used to talk about QTR QTR meant for him quality time remaining. 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All right back to our show. All right Let's get started with tablet nine the key of freedom of space. So as I have been doing I'm going to read through all of thoughts writing and then we're going to go back and look at doriel's commentary and translation Listio man hear and hear my voice teaching of wisdom and light in this cycle Teachy how to vanish the darkness teachy how to bring light in thy life And as I'm reading this I do apologize once again if you hear some banging going on outside For those who are new here. I am literally filming this from the middle of atlanta georgia And they are building a high rise about less than 10 feet from my windows So I do apologize if you hear that there is nothing I can do about it Seeky o man to find a great pathway that leads to eternal life as a son Draw he away from the veil of darkness seeky to become a light In this world make of thyself a vessel for light a focus For the sun of this space as we've been saying Many many many times on this channel kind of the theme of this channel It's not really about what's going to allow you to ascend or allow you to be one with god one with the light It doesn't matter what you know Like it is no there's no bearing whether you know about certain conspiracies or whether you know certain truth That doesn't matter at all.   That's a negative Polarity Likewise, it doesn't matter if you don't know anything about the truths of this world if you're good to people If you treat people with respect and you're not trying to infringe on other people's free will So it's really important here Lift thine eyes to the cosmos lift thou thine eyes to the light Speak in the words of the dweller the chant that calls down the light seeing thou the song of freedom Seeing thou the song of the soul create the high vibration that will make me That will make thee one with the whole Blend all thyself with the cosmos grow into one with the light Be thou a channel of order a pathway of law to the world. So this is really important He's saying, you know the song of freedom the song of the soul be one with the whole Okay, so again that goes back to enslavement Right if you were on the side of light Then you're not looking to follow a leader because to follow a leader is to choose the path of The path of enslavement is not freedom. The path of enslavement is going into a pecking order Which is fourth density negative So all y'all out there all y'all out there that are trying to bow down to the white hats Or bow down to certain people you're following the negative path You're not following the path of sovereignty of of being freedom of having a social memory complex where we all work together Collectively which is fourth density positive Now that doesn't mean that you don't show respect to other people But you definitely don't bow down and becomes subservient to someone All right, whether that's a political leader Whether that's a youtube person Whether that's um anybody a religious leader, you know, I don't want anybody bowing down to me that we I want you to have your free will choice and we can have conversations and work together to understand this Right, so you have to be that's that's something really important to ask yourself Are you falling into enslavement or enslavement tactics because if you are That's not of the white and so let me read that again.   It's the expression of the soul It's the experience of the soul in this life, but it's not your soul All right Your soul is free of all the bodily functions including blood lines So your soul is the one that's choosing and he's saying that here It's a light that shines through the shadow of flesh I've said this before if people are having a hard time understanding this A lot of people watching right now you've been to a funeral before where you've seen a dead body in the casket A dead body of someone that you knew Nine times out of ten anybody who's experienced that will tell you the person lying in that casket looks nothing like They looked when they were alive That's because the soul's gone So that in itself is a good representation of why the body is not the soul Right your body just because you're born To somebody who is a good person Does not mean that you're going to be a good person It is your free will choice just like you could be born to a very evil son of a bitch And you turn out to be a really good person. It's your choice It's the choices that you make it's got nothing to do. Hear me when I say this There's a lot of confusion and there's a lot of people out there Especially on telegram telling you a different story and the story they're telling you is very satanic. It's got nothing to do with your body Doesn't matter what your blood type is yes different blood types have different experiences Because of what the antigens do but that's all that matters to you is the experience you're having Okay, your soul is eternal your soul is not nature Nature is not eternal because nature follows the cycle of birth life and death your soul however does not you can't kill a soul right so Therefore they're two different things I hope that makes sense. That's what he's saying here I'll read that again. Thy light. Oh man. It's the great light shining through the shadow of flesh Three must thou rise from the darkness Before thou art to one with the light you have to rise out of your own darkness your own confusion your own misunderstanding Shadows of darkness surround thee life fills thee with its flow, but no oh man Thou must arise and go forth from thy body go far to the planes that surround thee and yet are one with the two Macro micro we've talked about this a lot thought has this way of doing this throughout These these tablets you also see this in the ancient text of the east where they're talking about things that are the macro And the micro because obviously the macro is the is the mirror expression of the micro Look all around the oh man See thine own light reflected. I just said that I just said that thank you thought Look all around the oh man seen thine own light reflected I even the darkness around thee thine own light pours forth through the veil Seek thou for wisdom always let not let not thine body betray keep in the path of light wave Shun thou darkened away know thee that wisdom is lasting Existing since the all soul began Creating the harmony from chaos By the law that exists in the way listy oh man to the teachings of wisdom List to the voice that speaks from the past time. I I shall tell thee Knowledge forgotten tell ye of wisdom hidden in past time lost in the midst of darkness around me The darkness is not just The evil that the other side of this battle does but it's also your own darkness your own shadow side your own Misunderstanding your own judgments your own anger your own betrayal and through that darkness those imbalances of the Root chakra muladara.  Know you a man that you are the ultimate of all things Only the knowledge of this is forgotten lost when man was cast into bondage Bounded fettered by the chains of darkness.   I cast off my body Wondered I free through the vastness of ether Circled with angles that hold man in bondage. Know you oh man that ye are only a spirit The body is nothing the soul is all boom Mic drop mic drop right there The body is nothing The soul is all Let not your body be a fetter cast off the darkness and travel and light Cast off your body oh man and be free truly a life that is one with the light Whitney are free from the fetters of darkness and travel in space as a son of the light The knee shall know that space is not boundless But truly bounded by ankles and curves Know ye oh man that all exists is only an aspect of greater things yet to come Matter is fluid it flows like a stream constantly changing from one thing to another again That goes back to the laws of nature matter Matter has a birth I've said this before many times so I'll but I'll say it again Just to remind you guys there for if you're new if we look at the yoga sutras of batangling Batangling talks about three things prokruti padusha ishvara prokruti is nature Padusha is the soul ishvara is god prokruti because it's nature has a birth of life and a death because it has a birth On the life of death it is always states of fluctuation and change Right. He's saying that right here matter is fluid it flows like a stream constantly changing from one thing to another You don't need no med bed You are controlling the matter You are because your spirit lies within you and that is what's constantly changing the matter because the spirit is the conductor of the nature Because the spirit cannot die the soul cannot die Then it does not abide by the laws of nature, but yet rather the laws of nature bend to the will of the soul This is what yashua talked to So I ask you again my friends Do you really need that med bed? That's why things like asiya are so great from our sponsors because asiya is not messing with god's design Asiya is supporting your body so that your body can do what your body is supposed to do Your body can react to the to the to the request of the soul Right. It's giving you that signaling back. So you're that it's not doing it for you It's supporting you. So why are you going to hand your power over and become enslaved to a concept like the med bed? When there's already products available that are allowing you to follow god's design You got to think about this. Don't get trapped again. Don't get hypnotized again into another cabal Because that's just another cabal All right Through all the ages has knowledge existed never been changed though buried in darkness never lost though forgotten by man Know you that throughout the space that you dwell and are others as great as your own Interlaced to the heart of your matter yet separate in space of their own Once in a time long forgotten. I thought open the doorway Penetrated into other spaces and learn the secrets concealed Deep in the essence of matter are many mysteries concealed Nine are the interlocked dimensions and nine are the cycles of space Nine are the diffusions of consciousness and nine are the worlds within worlds I nine are the lords of the cycles that come from above and below Space is filled with concealed ones for space is divided by time Yet ye the key to the time space and ye shall unlock that gate Know ye that throughout the time space consciousness surely exists through from our knowledge. It is hidden Yet still it exists forever And this is interesting because we know the wall one talks about space time time space Which is still really hard for the human mind to grasp the key to world within v are found only within For man is the gateway of mystery and the key that is one within one Seek ye within the circle use the word I shall give open the gateway within v and surely thou too shall live Man you think that you live it But know it is a life within death For as sure as you are bound to your body for you know life exists only the soul is space free has life That is really a life all else is only bondage of feather from which to be free Think not that man is earthbound though come from the earth He may be man is a light born spirit But without knowing he could never be free So if you're still stuck to the conditions of your body thinking somehow that your body is your soul You'll never be free Darkness surrounds a light born darkness fetters the soul only the one who is seeking may ever hope to be free Shadows so the ones that question Question the church question thinks you're going through that process of figuring out that you're actually a soul And none of the information really matters anyway because your soul is eternal Shadows around these are failing darkness fills the space shine forth. Oh light of the man's soul filled out darkness of space Ye are the sun of the great light remember and ye shall be free stay not Thou and the shadows spring forth from the darkness of night Let thy soul be oh sunborn filled with the glory of light Freed from the bonds of darkness is soul that is one with the light Thou art the key to all wisdom within me is all time space live not in the bondage of darkness Free thou thy light from within the night Great light that fills all the cosmos flow Thou fully to man make of his body a light touch that shall never be quenched among men Long in the past sought I wisdom knowledge not known to man far in the past I traveled into the space where time began Salt I ever knew knowledge to add to the wisdom I knew yet only I found did the future hold the key to the wisdom I sought Down to the halls of a mentee I journeyed the greater knowledge to seek asked the lords of the cycles the way to the wisdom I sought asked the lords with this question. Where is the source of all? Answered in tones that were mighty the voice of the lord of nine Three thou they sold from the body and come forth with me to the light Fourth I came for my body a glittering flame in the night stood I before the lords bathed in the fire of life Seized I was then by a force great beyond the knowledge of man cast I was to the abyss Through space unknown to man Saw I the molder of order from the chaos and angles of night Saw all the light spring of order and heard the voices of light Saw I the flames of the abyss casting forth order and light Saw order spring out of chaos saw light giving forth life Then I heard the voice Here thou and understand the flame is the source of all things containing all things and potentially That order that sent forth light is the word if the word comes life the existence of all And again spoke the voice saying the life is in the of the word Find out the life within thee and have power to use of the word Vibration word again. This is the obviously the bible We've seen a lot of these bible verses taken from the emerald tablets This is spoken about in the bible is where they got it from vibration. What is our uvedic teach us the three elements of life in our uvedic medicine is breath food and vibration word speaking Long I watched the light flame pouring forth from the essence of fire realizing that life is but order and that man is one with the fire Back I came to my body stood up against Stood again with the nine listened to the voice of the cycles vibrating of the power they spoke No ye o thought the life is but the word of fire The life where she seek before thee is but the word in the world as a fire Seek ye the path to the word power shall surely be nine Then asked I of the nine. Oh lord show me the path. Give me the path to the wisdom Show me the way to the word answer me then the lord of the nine through order Ye shall find the way Saw ye not the word that came from chaos saw you not the light that came from fire Look in thy life for disorder balance in order thy life quell all the chaos of emotion and now shall have order in life Order brought forth from chaos will bring me the word of the source Will give me the power of cycles and make thy soul a force that free will extend through the ages a perfected sun from the source Listen to Listen I to the voice and deep sake the words in my heart forever have I sought for order that I might draw on the word No ye that he who attains it must ever be in order be For use of the word through disorder has never and can never be Take ye these words. Oh man as part of thy life let them be seek thee to conquer disorder And one with the word thou shalt be put forth thy effort into getting light on the pathway of life Seek to be one with the sun state seek to be solely the light Hold thou thy thoughts on oneness of light within the body of man know that I'll order us from chaos Born into the light. All right you guys now. Let's go back and look at dorial's commentary All right So dorial says the first page consists of commands to seek the light rather than the darkness so that you may realize The oneness of all things The command is given to seek for wisdom and not allow the material to hold you back For only wisdom creates harmony material meaning the body Even in the time with thought wrote the wisdom of the ancient races was forgotten among the men Who were the descendants of the barbarian tribes thought found after he left elantis? Man is part of the essence of consciousness, but that knowledge is forgotten by the mass of mankind thought through projections of consciousness realized that consciousness is the ultimate reality And that the body was a feather which binds man to the physical world again point taken Through experience gained in projection. He learned of the curves and angles of space Thought begins to state some of the laws which were as mysterious to the people of his time as they are today That which seems to be the totality of all things is only one facet one aspect of the jewel of truth Matter is fluid in so much as it is constantly disintegrating to be formed into new combinations other space spoke Are our interlocked worlds and inner spaces of the fourth dimension and other dimensions The frequency of the number nine is spoken at of as including nine lords of cycles though We are told of only seven The nine include the lords of this cosmic cycle and the one below time space is spoken Of as being full of concealed ones the concealment being behind the curves of the space spiral As consciousness in some form is present in everything It follows that it must also be in the diffusions of pastime matter And through man alone can the path and other planes be opened The circle represents contemplation of the opening and the channel of force passing through the centers of the body the word Is the vibration which loosens that power only through this can life really be realized Man is not material those seeming to be He is light springing from the eternal source and only appearing as a material being And even materiality is only so in see seeming for in the ultimate the material becomes the light Thought seeks constantly for more wisdom to add to that which he already has Thought journeys to the halls of a mentee to ask the lords the question. Where is the source? He is commanded by the lord of nine to free himself from the body only for this Those for only the spirit can be truly answered Thought frees himself from the body and is cast into the abyss Literally the great deep and that there is as shown the molding of the order from disorder The lord of the nine has to burn harmonized him with the full flow of the yarchema And he can see into the iod In the arek and see the creation of the forming of the cosmic consciousness We are shown the true word is order which changes all disorder into its own likeness The life in man is a manifestation of order and therefore a key to the word If you can realize the full meaning of this passage you have the key to the lost word Life is an expression of the order which proceeds forth from the absolute fire of the torchbear We are thus again shown that the word is order and harmony The path to the word Lies in ordering your life so that chaos is eliminated from it Man is lost from the word because he has allowed disordering chaos to rule his life every effort Or every conquest of disorder brings us closer to the word


Hello everyone and welcome to Blackstar Potential, my name is Lee Fuge and I'm here with MGRMusic.com and in this video today we're going to look at the difference between resonance and presence on your Blackstar amp and we're going to learn a little bit about these features and what they do. The amp I'm using in this video is the Silverline Deluxe which you're hearing mic'd up with a Luit Audio LCT 440 condenser microphone. So if you've seen the resonance and presence control on your Blackstar amps and you're wondering what they do, an easy way to think about this is that they're just an extension of the EQ section of the amplifier. The only difference being the typical three band EQ, so your bass, middle and treble, that's your pre amp EQ. The resonance and presence are power amp EQ. By power amp EQ I mean what happens after the initial pre amp stage. So once you've dialed in your tone using the bass, middle and treble, you can then use the resonance and presence controls to EQ the output stage of the amplifier. So if you think back to when we talked about the TVP responses in a previous video, using the resonance and presence control you can really fine tune those responses to sound like whatever amplifier you want to sound like. So we're going to kick off with the resonance control. The resonance control controls the bass response of the entire power stage of the amplifier. So if we look at the top panel of the amp here, I've got the resonance and presence both set straight up to 12 o'clock. The basic tone I'm using is the EL34 response on the clean warm voice. I've got the three band EQ set straight up to 12 o'clock and the ISF is in the British side. So here's how the amp sounds with the resonance and presence straight up at midnight. So that's a pretty good basic tone but if I now decrease the resonance all the way, what I'm actually doing is I'm reducing the overall output of the bass across the entire amplifier. So this is going to give me a tighter, slightly more percussive sound. This is great for those funk riffs. If I really want to warm the tone up I can push that resonance control up to full. Now you may not say this extreme normally but this is just to show you the entire range of what the pot does. So what you're now going to hear is a much fuller, much warmer sound. It's not going to be a sharp or percussive sounding. This tone will still work for funk but because of the additional bass hump that you're now going to hear from the amp, it does lend itself a little bit better to picking through chords or playing single note lead lines. I'm now going to use the Supercrunch channel to dial in an overdriven tone. So I'm keeping all the settings the same. I've put the resonance and presence back to 12 o'clock and here's how that's going to sound. If we turn the resonance all the way down on the overdrive channel we're going to hear a similar thing to the clean channel. The bass is going to be less present but it's going to be much tighter and focused. And if we now push the resonance all the way up we're going to get a very bass heavy and resonant sound. So as you can see there we can really shape the low end and how the low end feels. With the resonance set low you get this real tight percussive low end sound. This is great if you're playing funk or metal and if you push the resonance all the way up you get this natural kind of low end compression and sag similar to a tube amp pushed really loudly. This is perfect for classic rock and blues playing. Now we're going to look at the presence control. The presence control does a similar sort of thing to the resonance but this time we're talking about the high frequencies of the amp. So we'll start with using the exact same clean tone as before on the clean warm channel but this time I'm going to push the presence all the way down to zero. The resonance is set straight back up at 12 o'clock to reset the amp. If I now increase the presence control all the way to full we're going to hear a much more aggressive biting top end to that same tone. So again that really just dials in the extra attack at the very top end of the frequency range. So now I've gone back to my overdriven tone here's how the presence sounds straight up the middle at 12 o'clock. So now I'm going to take the presence all the way down to zero. What we're now going to hear is the same overdriven tone but with a massive high end cut. So you can definitely hear the cut to the high frequencies there. Now we're going to take the presence all the way up to 10. Now we're going to hear a much brighter and more aggressive overdriven tone.  You can really use these two features to fine-tune the low and high end of the power amp stage of your Silverline or of any other Black Star product that has these two features built in. Thank you so much for watching I hope you've enjoyed this video please let us know down below in the comments what you thought and how you guys have used these controls to really fine-tune your tone. And don't forget to let us know down below in the comments if there are any other features of your Black Star amps you want us to talk about in these videos we can't wait to hear from you so please let us know. If you're looking for a guitar teacher in your local area please go and check out mgrmusic.com it's a network of great teachers all over the country waiting to help you guys out and don't forget to go over to the Black Star Amplification YouTube channel for more videos just like this where we explore a bunch of other features on all the Black Star amps in the range. Thank you guys so much for watching and we'll see you soon.


Hi and welcome to the session. Let us discuss the following question. The question says, show that the equation of the line passing through the origin and making an angle theta with the line y is equal to mx plus c is y by x is equal to plus minus n plus tan theta upon 1 minus m tan theta. This is the line o p which is passing through the origin and this is the line p q whose equation is y is equal to mx plus c. And this line p o makes angle theta with p q.  Let us now begin with the solution. Let p q be a line whose equation is y is equal to mx plus c. Now let slope of line p o is m 1.  Because we know that angle between two lines having slope m1 and m2 is given by tan theta is equal to mod of m2 minus m1 upon 1 plus m1 into m2. Now first consider tan theta is equal to m1 minus m upon 1 plus m1 into m. Now this implies tan theta plus m1 m tan theta is equal to m1 minus m. This implies m1 into 1 minus m tan theta is equal to m plus tan theta.  Let us name this equation as equation number 1. Now consider the negative sign. So now we have tan theta is equal to minus m1 minus m upon 1 plus m1 into m. Now this implies tan theta plus m1 m into tan theta is equal to minus m1 plus m.  Let us name this equation as equation number 2. Now equation of line OP which is passing through the origin and having slope m1 is y is equal to m1 x. Now y is equal to m1 into x implies y by x is equal to m1 from 1.  Hence we have proved that equation of line through the origin and making an angle theta with the line y is equal to mx plus c is y by h is equal to m plus minus tan theta upon 1 plus minus m tan theta. This is our required answer. Bye and take care.


Okay, I know several of you are struggling with this homework problem, and it really isn't meant to be that difficult and time consuming if you just slow down and use the tools that we've gone over. The first thing we have to do is use regression to get an equation for the units of brand A that are sold that is dependent upon the price of brand A and the price of brand B. So let's do that. We'll go to data, data analysis package, click on regression. Let me clean out that data there. The Y range, that's our result and that's going to be unit A sold. Our input X range is going to be both the price of A and the price of B. So I'll just highlight that range, click on labels since we have labels in the first row there and I'm just going to click on okay and you'll get a regression output that looks something like this and in it we see that it is significant of course, that's you know very small P there and we've got an intercept, we've got a negative slope of the coefficient of the price of A and a positive slope or coefficient of the price of B and so you would just construct an equation from those values. The number of A sold is equal to this intercept minus this coefficient times the units of A sold, I'm sorry, the price of A plus this coefficient times the price of B and that's all there is to it. Then we go back in to our data and we will run the second regression, regression and this time I've got to change that area, this time we want the unit to be so for our Y and get rid of that and our X range again the price of A and the price of B. Click on labels, click okay and we get another regression output again with a coefficient, I'm sorry an intercept, a coefficient of the price of brand A and a negative coefficient or slope on the price of brand B and again you convert that into equation. Then you use those two equations in the model that I showed you earlier, hope this helps.


Hey everyone, welcome back to Nintendo Prime, I am your host, Mr. Nathaniel Rompful Jets! And oh my gosh, do we have some great stories today, we've got stuff about Breath of the Wild 2, oh ho, any day I get to talk about Zelda is great, and the game awards by the way. We do have a, there's about a sequel to a 2017 Nintendo Switch release. We have an update on sales data from Famitsu, and oh by the way, did you know that Kirby of the Forgotten Land is going to be here like really really soon, like even sooner than you might expect, oh, and yeah, might be a much better game than you might think it's going to be as well. So we have some great news to get into, before we do that though, yes this will be a little bit of a longer intro, but whatever you guys should be used to by now, if we get a thousand likes on this video, I will give it, in the first 24 hours by the way, I will give away a $20 Nintendo Switch eShop gift card to somebody down in the comments. Now, besides that, we did actually hit a thousand likes yesterday when I announced we would give away a $100 eShop gift card, that just sounds nice, technically it's a $99 eShop gift card. Don't like get mad at me over a dollar, I can't help the Nintendo, stops it at $99, that's just the way their eShop gift cards work. That being said, I am not going to announce the winner right now in this video because I did say it's 24 hours, so I'd have to wait for it to hit 24 hours. The moment 24 hours hits, I will announce the winner down in the pinned comment of this video and I will also reply to that person over on the other video as well. Now, for that person to claim it, they will need to email me, show their original comment that they made or comments that they made, at least a comment on that video, prove it was made on that video and themselves logged in on YouTube to prove that they are the same person that I picked. We will deal with that, obviously all behind the scenes. Same thing, obviously if we hit a thousand likes on this video today. Beyond that, I do want to mention that we have a bit of a special thing happening next week. Next week is obviously Thanksgiving, we have Black Friday, there's a lot of crazy stuff happening here in the United States, but we have a very special event happening on the 28th. So on Sunday the 28th at 8.30 p.m. central time, we are doing a show called Prime Giving. The point of this show is to give back as much as we can to you guys for the holidays. This does include a grand prize, by the way, of a Switch OLED bundle that also includes a satisfied grip and maybe a couple other things along with a charity of choice that we will donate $100 to on your behalf. All you need to do to enter that is obviously be at that stream because you must be there to win, but also there's a link down in the description and the pinned comment as well for the entry form for the grand prize. We're calling that the grand prize. So if you don't go through that entry form, you will be eligible to win. There's additional ways to enter like following our podcast channel and stuff like that that gives you additional entries. Now, setting that part aside, I did mention we're trying to give back to as many people as we can. So we're actually going to have multiple giveaways happening during this live stream including for Extra Zelda Game and Watches, which are over there in the pile. We're actually going to give away a Pokemon Switch Lite, Dahlgia, such Pokea Edition that's been donated to this live stream by Nintendo Academy. So shout out to him again. He's a really nice guy. We'll probably have him pop on the show for a little bit to talk about it. In fact, we might even do the giveaway while he's here since, hey, he's the one who provided the item for that giveaway. We have a lot of other things that I'm trying to get lined up for that show to give back as much as we can to you guys. Obviously a lot of it is stuff that I'm paying out of pocket for. I appreciate all of you so much and I know a lot of people are struggling still. Even before there was a pandemic, a lot of people were struggling. Let alone with the pandemic, post-pandemic for some, some people still dealing with the pandemic. It can be hard. We did this back during E3 where we tried to give back as much as we can and we're trying to do it again for the holidays, maybe to a lesser extent because it's not a big four day event, but I really like helping people as much as we can. Bare minimum, by the way, to win any of our giveaways is to be subscribed to the channel because I just want to make sure it's actually going out to people who watch our content and not just a random person who just saw the live stream and decided, oh yeah, I want to win this and never talk to you again or see your content again. Yeah, they could subscribe while they're there, but maybe they forget to do it. Maybe they enter into the giveaways and they're not subscribed. Guess what? They can't win then. So, all right, let's get into today's Nintendo news. So our first story is about a sequel to a game coming out. Well, I don't know actually when it's going to come out. The first one, though, did come out back in 2017 and we're talking about Yooka-Laylee. So the team behind Yooka-Laylee and then the 2019 release, Yooka-Laylee, something layer, I can't remember the exact name, it was a side scroller. Yooka-Laylee is more of a spiritual, I don't know if you call it successor, but follow up to the Banjo-Kazooie series by Rare, Playtonic, the people who made the game are actually former Rare developers. Well they have gotten an investment into their company by Tencent and I know some people really don't like Tencent, but I will say if you're going to boycott whatever they're doing with this next game because of Tencent, then you should be boycotting Nintendo who has an even stronger partnership with Tencent because everything they release in China is through Tencent. That being said, I don't want to get too much into that, it can be political. So I just feel like you be fair about your criticisms all around. Don't hold it against one company who's trying to get funding for getting some funding from Tencent. Tencent doesn't own a majority of the company and they're still an independent. So Playtonic is planning to put out a sequel. They don't know when yet, they're just starting development, but they did announce that they're going to add a third development team to their studio and that they are obviously expanding out and going to be making a new sequel to the original Yooka-Laylee release. I actually thought Yooka-Laylee was much better than many of you might have thought it was. A lot of the criticisms thrown at it are the exact same criticisms you could throw at Banjo-Kazooie. I think we're being a little bit unfair there. I know people wanted to see Banjo-Kazooie modernized, but I mean Banjo-Kazooie to me was already perfect the way it was. I don't think that collect-a-thons and stuff that need to be modernized. I think we just need more of them. So I don't know, that's my take though. You guys are free to have your own opinions and everything is open to criticism, including this channel and my opinions on this kind of stuff. So I'm just excited because I really enjoyed Yooka-Laylee and a sequel. They're probably going to take a lot of your guys' feedback anyways and put it in there. Playtonic is very open with the fans. They're very conversational. They seem to actually care about feedback and care about their players, which is something to really be applauded in this industry, especially with all the stuff going on with Activision. So yeah, we can't even care about their employees, let alone the players. So I'm really looking forward to this. I have no idea when it's going to come. Probably 2023, well, not 2023. Probably like 2024, 2025. Might even be on Nintendo's next system instead of Switch, but I'm still excited to get a sequel either way. I was a little worried that that particular franchise might be over, but it's not. So yay, our next story is about Kirby and the Forgotten Land because it was rated by the ESRB today. It's E for everybody, no surprise there. Now, when it's rated by the ESRB, that essentially means the game is typically complete and that's fine. It is already slated for spring of 2022, so obviously it was pretty close to completion, if not done when they announced the game anyways. But I think this does lend some credence that it potentially might land at the very beginning of spring, which happens in March, which would be the end of their fiscal year and could be a big boost in the end of the fiscal year. In fact, some people actually expect this game to do very, very well. Now, why do they expect Kirby and the Forgotten Land to do well when Kirby games traditionally don't sell well? Well, besides the fact that it's a 3D Kirby game, the first one ever, and sort of a pseudo exploratory 3D environment, what's interesting is Hal Labs, that's actually the lead developer on this, is now part of Nintendo EPD inside Nintendo's development studios. Nintendo EPD is actually the lead developer of the 3D Mario series, and while Hal Labs is kind of its own entity within the EPD, it's very highly likely the 3D Mario team had inputs on the game if not helped develop it. And when you consider that, that should actually drive up hype for this game as it should be really well polished and might even be Nintendo's big 3D game next year. Remember, there's rumors that the main Mario team was working on a Donkey Kong game, so it's possible we don't get like a 3D Mario Odyssey 2 or whatever next year. So it's possible we still might. Nintendo can make multiple games at once. It's not like they don't have the money, budget, or the ability with their developers to do that. So we'll have to see, but I'm really excited for Kirby and the Forgotten Land. I actually, you guys let me know, what are your hype levels at the moment? You know, on a scale of one to 10, how high for you? 10 being like, oh my gosh, greatest game of all time. I'm the most hyped I could ever get to. One being, I basically just don't care. What are you feeling right now for Kirby and the Forgotten Land? All right, next up, we have updated sales figures from Famitsu in Japan. Just missed the cut yesterday because it released too late to get into the video. And these sales figures span from November 8th to November 14th. And the big thing to talk about here are the sales of Shin Megami Tensei 5. Shin Megami Tensei 5 is obviously a switch exclusive at least at the moment. It might go to other platforms later and that's kudos to Atlas if it does. But right now, it is sitting at the number one spot at 143,247 units. It is roughly 24,25-ish, thousand away from being the best selling Shin Megami Tensei 5 game at launch ever. Or Shin Megami Tensei game I should say at launch ever. It's obviously the best selling Shin Megami Tensei 5 game because it's the only one. But the thing is, these sales figures that they have posted here only count physical. So it very well could be the best launch of all time because digital sales count today would probably push it over that line. So that's really, really good. Let's get into the rest of this list though. So we're just doing the top 10. We have Mario Party Superstars at number two at 45,000 units, 40,045 to be exact. It has now moved 289,000 units. A new release this week in Dragon Quest X, Tensei know something online. I'm not gonna bother to pronounce the name by square. That's at number three at 22,702 units, as I said, a new release. At number four is Ring Fit Adventure at 12,921 units. That has now moved 2.9 million. I fully suspect that that game is gonna end up crossing 3 million this holiday. At number five, we have the PlayStation 4 version of that Dragon Quest X game at 11,791. Also, Switch doubling the sales of that really shows just how dominant Switch is in Japan. Next up, we have Call of Duty Vanguard at number six, moving 11,719 units. There's been about 40,000 units of that that has sold. At number seven, we have Animal Crossing New Horizons. It had 9,286 units. It has sold 6.9 million. I would again suspect after the holidays it might cross seven. Mario Kart 8 Deluxe at number eight has moved 8,886 units. It has moved 4.1 million. Obviously, Mario Kart 8 Deluxe is the game that just keeps on giving. At number nine, we have the Nintendo Switch version of Minecraft at 8,798 units. That has moved 2.2 million units physically in Japan. That's really cool. Super Smash Bros. Ultimate, by the way, is at number 10. At 8,608 units, it has moved 4.4 million units. What it's at, 98,000 in addition, so it's gonna cross 4.5 million next week. Probably already has, since the sales are already done almost for this week, but obviously the data won't come till next week. For hardware sales, this is where things get really fun. The base model Nintendo Switches at the number one site was 46,547 units. The Switch OLED models at 23,708 units at number two. Switch lights at 17,012 units at number three. PlayStation 5 is at number four at 4,606 units for the week. Xbox Series S is at number five at 2,243 units. PlayStation 4 is at number six at 1,399 units. The new 2DS LL, including 2DS, so it's basically the 2DS line, is at 417 units, which is interesting because they don't make them anymore. So it's just whatever people feel like picking up some. At number eight, we had the Xbox Series X at 350 units. At number nine, the PlayStation 5 digital edition. So kudos to Xbox for making some headway into Japan. Obviously, nothing is near what Switch is doing, but and even when you consider the PlayStation 5 numbers at 4,606 and then you see the Xbox Series altogether is at 2,500. I mean, to be only 2,000 units behind PlayStation 5 for the Xbox, that is a win in Japan. So good on them. The Nintendo Switch, by the way, in combined sales is still like doing crazy, you know, 80,000 plus numbers. So good on Nintendo as well. We haven't even gotten to the big sales season in Japan, which actually happens towards the end of December. They don't have like a Black Friday event in November. So their big sales season is actually really right towards Christmas time. So our last story is actually a bit of a double story because there's gonna be a clarification here at the beginning on something and then an update on what's gonna be happening at the game awards for the Zelda franchise, baby. But first up is getting to a clarification on something. So people have been DMing me a lot over the last few weeks about the release date of Breath of the Wild 2 or the sequel to the Legend of Zelda, Breath of the Wild that's supposedly coming next year. And a lot of these details that I'm getting are basically retailer release dates. Some people say, oh, look, it's coming out on 1231 2022. Tell you right now, any retailer that lists 1231 2022 is just a placeholder date. That date is just something they put out there because they don't know when it's going to come but so they can take free orders. So that date doesn't matter. However, some retailers have been doing different things. Some have said March 3rd of 2022. Others have said July or June and this has led to some confusion with many thinking, well, five year anniversary March 3rd, that makes sense. Or, ooh, it's gonna come in the summer. Look, I wanna be specific here. I have no idea when Breath of the Wild 2 is coming but I can say something about these dates. I sat on this for a while even though I knew talking about those dates could be a rather big video and here is what happened since I sat on those dates. Every retailer that at least I saw that had those dates including Amazon has now updated those release dates to 1231 2022. So there's two things that people infer from this one. Those dates were irrelevant, just placeholders and they were just guessing and now they moved it back like they should have in the first place. Others are saying, oh my gosh, they leaked the date. Nintendo came in and smacked them and pushed them to push it back. I can tell you right now, Nintendo doesn't care what dates retailers list for a game that has no release date and is technically not officially available for pre-order even though you can pre-order at these retailers ahead of time. They're literally taking pre-orders on a game that has no release date and Nintendo hasn't made available. So they're just taking pre-orders assuming that they're gonna have enough copies to cover all those pre-orders. Here is what I will say. Those dates don't matter. These retail dates before and typically never matter. I've done reports on them in the past and they have never turned out to be anything of note. So I sat on this on purpose to see if the dates would change and sure enough, they did. That just tells me these retailers have no idea. They don't know anything more than we do, which is 2022. Now, that doesn't mean we don't potentially know more. Everything I'm talking about from this point when we move forward is rumor territory. It's an update on yesterday's story, which was also a rumor up with the 35th anniversary of the game awards. And it comes from the same source, SAMA Center, except I had private conversations with her that I'm now gonna reveal to you. Obviously, in wake of the story yesterday, I wanted to reach out to the SAMA Center for clarification on a number of things. And here's what I sent to her in DMs this morning and she actually got back to me. In fact, SAMA Center's been really transparent with me pretty much always. By the way, this doesn't mean I have any bias towards her believability. These are still rumors, but let's get into what she said because it does have to do with Breath of the Wild too. Heyo, long time no talk. Figured I would reach out and see if you could give any more information regarding things at the game awards. I know you tease the Zelda 35th anniversary. Does your GIF associated with that tweet mean anything? Just putting together today's video and I wanted to get some clarification and reach out. Hope your day is going well. She responds and goes, hi Nate. No, I only put the GIF in because I thought it was cute. Unfortunately, I have no clear details on what they will bring at the game awards. The Zelda series is one of those where it is difficult to get accurate information. Just like when I anticipated that in May, we begin to get promotional campaign for Zelda, which in reality just ended up being an amiibo and then details on the DLC for Hyrule Warriors Age of Calamity. I can tell you that Nintendo sees the main Zelda titles as worthy of being advertised almost exclusively on special stages, as if their presence at a regular direct isn't suitable. Based on these elements, I can assume that the main elements will be at concerts or, you know, medley of some sorts, I guess you could say, that will go through the history of the series and then a trailer for Breath of the Wild sequel. I read several comments that speculate on Wind Waker or Twilight Princess HD port, but at the moment, I have no clue in favor of their production. Near all elements of the anniversary promotion have been released. The only thing missing is the releases of Majora's Mask on the Switch Online, which won't be long in the coming. So essentially, Majora's Mask is coming to Nintendo Switch Online probably in the next three to four months, at least based on what she knows. And yeah, it's probably not going to be Wind Waker HD at Wind Waker or Twilight Princess HD at the event. Okay, fine. But one thing I thought that was interesting in there because, you know, the Wind Waker HD, that was speculation anyways. The interesting thing I thought I read in there is that Nintendo doesn't like to reveal brand new Zelda game information or trailers at standard Nintendo Directs. And if you think back on at least how they handle Breath of the Wild and then how they handle this, she's right. The original Breath of the Wild was revealed in 2014. We didn't see it again until there was gameplay at the Game Awards 2014. And then because of delays and other things, we didn't see Breath of the Wild again until E3 2016. And now from E3 2016 all the way into launch, yeah, we knew, but also E3 2016 to launch, they basically said the game's coming at the next-gen platform's launch. So at that point they were getting into launch hype. Once you get into launch hype, yeah, they're going to be blowing out the game from that point moving forward. But before launch hype, yeah, they really only show it at major events and nothing of Breath of the Wild 2 sequel, right? It was unveiled, the sequel was in the works with a small trailer at E3. And then guess what? What just happened this year? We saw again more information on Breath of the Wild 2 with a new trailer at E3 2021. I know E3 2021 felt a little weak but Nintendo still treated it like a major event. The Game Awards is not weak. The Game Awards has 80 plus million people watching. You don't think Nintendo wants to advertise the game there? And notably, Breath of the Wild 2 is up for an award as most anticipated game. What to be fitting if it wins most anticipated game with a new trailer drop immediately after? Just saying, it kind of sort of lines up now. Obviously, that would maybe mean there's... As you can see, it kind of sort of lines up. Now, that wasn't all that was said because I wanted more clarification. You're like, how does she... She just said she doesn't know. So how could she definitively state, you know, that we're not going to see Winwaker or Twilight Princess HD? So I said, thanks for the update. So are you sort of assuming there will be music in Breath of the Wild 2 trailer? But you don't know, correct? You just heard something that's happening and she goes exactly, but I can say with certain that there won't be any announcement about older ports and remasters. So then I wanted more clarification. I said, interesting, why can you say that with certainty? I mean, you mentioned Zelda's 35th and I assume there would be music stuff because Jeff likes to do... Geoff, what a however he pronounces his name, likes to do music at the show. Just asking, since you said you weren't sure what would be there to go from that to with certainty, it won't be the old games is a bold statement and heavily suggest if anything beyond music is there that it is Breath of the Wild 2, which many would love to see as it would help reinforce 2022 and alleviate concerns of it getting delayed to 2023, especially if they drop a title reveal. She responds and says that is because Winwaker or Twilight Princess HD are mostly backup projects. And right now I don't have any reference to a postponement to 2023 for Breath of the Wild sequel. These days I will continue to monitor the situation but at the marketing level I have not received any signal about the arrival of the two ports mentioned. Ah, it is not that out of the question that the announcement of the game awards may be related to some other collaboration with other series. I had heard that Capcom was interested in continuing collaboration with Nintendo including with the Zelda series and in December there will be new DLC for Monster Hunter Rise. I don't know if they actually worked it out, I think so given the good relationships but they may come out even further down the road. So she's suggesting, hey, maybe it's announcements of like new content to other games, crossovers, Zelda stuff. Although I don't think that that is an E3 worthy or an E3 worthy, the game awards worthy announcement. I mean, she's just kind of saying, hey, she also knows about this. Maybe it's that, probably not. It doesn't really feel like that would be a big thing to put out at the game awards. So, you know, she's kind of, well, pump the brakes, it could be something that's not that exciting. But she's thinking music and she's thinking Breath of the Wild too. Again, rumors, speculation, call it what it is. All I know is my expectation, and I talked about this yesterday is obviously it could be the Winmaker HG or Twilight Princess HG could just be music. I actually, literally the first thing I mentioned is obvious is obvious. Jeff Keely likes doing music so there's probably gonna be a music medley. That to me just makes logical sense and Zelda music is glorious and really, really good in orchestrated fashion. So get a live orchestra there and have some fun with that, that would be great. However, it's up for an award. Nintendo just advertised it at E3. They've put it at the game awards before. She's saying we're getting Zelda stuff here. To me, it's lining up. Now, I don't know if we're gonna get a title drop. I want a title drop, but to me, again, grain of salt, I now have the base expectation of Breath of the Wild two at the game awards. And no, I will not judge how good the game awards are if Breath of the Wild two is there or not, because these are rumors. I can't be like, oh, Jeff Keely, boo on you because you didn't get Breath of the Wild, boo on Nintendo because you decided to show a different game. But it does line up and Nintendo has been treating Zelda like this since 2014. Remember, we're talking about new games, not like Link's Awakening or the Winmaker HG. We're talking brand new Zelda games. Anyways, folks, let me know what you think about all this down in the comments below. I am Nathaniel Rumpeljantz from Nintendo Prime, and I'm gonna catch each and every one of you in the very next video. In fact, technically we have a live stream tonight. So hopefully I catch you guys there. And by the way, if you're a member and you hit that join button, hey, on the live stream tonight and actually in the comment section below, you now have a brand new set of emojis you can use. So enjoy those.


Let's jump in on the stocks on stock buybacks. So here's the story. The Inflation Reduction Act was negotiated by Schumer and Manchin. And this is the Build Back Better. You remember Build Back Better that Biden proposed it was going to be a $4 trillion proposal. Then it was going to be a $2 trillion proposal. And Manchin basically said, nah, I'm not going forward. I'm not accepting it. Nothing of it.  And things happened over there. Who knows what happened. But Manchin was convinced to support a revised Build Back Better to call it an Inflation Reduction Act. We'll talk about whether it reduces inflation later on. And to sign on to it. And part of this act involves raising certain taxes. And we'll talk about those taxes when we talk about the bill itself. I want to focus now on one particular tax. Originally what Manchin had proposed was that as part of this, they get rid of the carried interest, basically the carried interest for private equity. And I think it was just for private equity. And I think it was just for private equity. Carried interest is private equity and hedge funds. Typically at the end of the year, you calculate how much profit the fund made. And 20% of the profit is part of your compensation as a manager of a hedge fund or a private equity fund. Sometimes it's 10%, sometimes it's 15%. 20% is relatively in the high end. Some funds that I know have charged 40% of the profit. But anyway, this percentage of the profit has always historically been taxed as a capital gains, as a long term capital gains. And therefore at a lower rate than regular income. And basically it's viewed as capital gains because it's a result of the gain in value of the enterprises that the business invested in. And it's a percentage of the total gain, 20% of the total gain. So there's a logic to why it's capital gains. It is capital, after all, and not regular income. And therefore it's taxed as a capital gain. Well, Democrats have hated this for a very long time. Some of the publicans as well. I think there was already a shrinking of or limitation on how this is calculated for the purpose of calculating capital gains under the Trump tax bill from four years ago, from 2018. So this is not a popular way to tax private equity and hedge funds. Republicans and Democrats generally hate private equity and hedge funds. So this is one they always go after.  This is not just deficit spending. That was the idea. So they had originally in this bill, they had this idea of changing the, and I know this is pretty technical, but it's important that they had this idea that they get rid of the carter interest and tax it as regular income. And they were going to raise, I don't know, $80 billion or $100 billion from this closing, from this difference. But then the only person I know out there, well, except for me and a bunch of economists, the only politician I know who actually likes the carried interest tax rate, the only politician I know is Sinema, the Democratic senator from Arizona. Sinema loves the carried interest lower tax rate. Now, why does she love it? God knows. But I think primarily because she gets a lot of money from private equity firms. Private equity firms contribute huge amounts of money to a PAC that supports her. And she is kind of known as the carried interest private equity senator, just like Bob Dole was the ethanol senator. Sinema is the carried interest senator. Try saying that fast. Carried interest cinema senator. Senator Sinema. Sinema is senator Sinema. Carried interest senator Sinema. Say that fast 20 times. Anyway, Democrats don't know to get this bill passed. They need every single Democratic senator to vote for it, every single one of them. They can't lose Sinema. So Sinema basically went into a bunker last week in Arizona somewhere and came out of the bunker at some point last week and said, no, we can't have this increase in taxes on carried interest. That stays, that's not going to change. Instead, how about we tax stock buybacks?  And nobody's lobbying against the tax on stock buybacks because nobody directly loses, nobody directly gains, there's no special interest group, there's no pressure group out there, specific pressure group that can go, yeah, we're going to fight stock buyback taxes. I mean, there probably is, but they haven't had time to organize yet. So instead of this, we're going to have a stock buyback tax in the Inflation Reduction Act that's going to raise about the equivalent of what they expected to raise with the carried interest. Don't know how high this tax is going to be. All the articles I read, I couldn't find how high it's going to be, when it's going to go into effect, who it's going to affect. But it is definitely a tax that's going to be raised and a new tax, completely new tax that doesn't exist today on stock buyback. So I thought, and that is a very long introduction, I thought this would be a good opportunity to talk about stock buybacks because the other thing I read the other day which was really interesting was that Apple has just issues a bunch of bonds. In other words, Apple has gone out there and borrowed five, I can't tell you how many $50 billion, some astronomical amount of money, they borrowed some astronomical amount of money in the capital markets from bondholders at a, I don't know, I think at five, six percent because Apple can raise money at very low rates because it's a very, quote, safe company. And they're using that money, among other things, to buy back their stock, which is interesting. Now why would you go into debt to buy back your stock? That seems strange, right? Seems strange. So what is Apple doing? And is Apple still going to do it when now the stock buyback is gonna be taxed by the Democrats? It's gonna be taxed by Congress. So what are stock buybacks? So think about a company like Apple or for that matter, any profitable company out there that has stock trading on exchange and stock trading on exchange and that stock is linked to, obviously the future profitability of the company. And if a company has a lot of cash because it's very profitable, it has a lot of cash on its books, what can it do with that cash? What can it do with that cash? Because shareholders don't like it when companies have a lot of cash on their books. Why don't shareholders like it when companies have a lot of cash in their books? Well, you don't get a lot of interest on the cash. Like the company's generating a profit of a turn on equity or a turn on asset, but the cash is just sitting there, it's not getting a return. It's getting, what are the checking accounts paid these days, some low interest rate, that's ridiculous. So it's not a very good use of the company's money, just sitting there as cash on the books. So shareholders want the company to do something with that cash. Now, what are the possibilities of what the company could do? Well, the company could invest the money, but what kind of investments are gonna make shareholders happy? What kind of investments are gonna make shareholders happy? Well, the kind of investments that generate a significant return. A return that is greater or equal to like what kind of the stock returns. So the investment that the company makes has to be what we call a net positive value, net present value, right? In present value terms, it has to be positive. Once we look at all the investment, money in, and all the money coming out, all the profits coming back, and we discount it to today, it has to be profitable. So that's one thing the company could do with the money. Oh, by the way, there's another reason why shareholders don't like companies to have a lot of stock on the books. One is it just sits there and it doesn't get a return. What's the second one? Anybody know what the second one is? curious if you know what the other reason is that shareholders don't want companies to sit on a lot of cash in their bank account because companies with a lot of cash in their bank accounts can get lazy and cocky and wasteful. There's no urgency to being efficient. There's no urgency to being profitable. There's no urgency to maximize shareholder wealth because they have a lot of cash. If they have a bad year, they can use some of the cash, no problem. Whereas if you don't have cash on the books, now if you have a bad year, you have to go to capital markets and ask for capital. You have to do something about it. Or maybe you have to trim expenses. You have to change the kind of maybe operations. You have to find ways to make the business profitable so that you can get, so that you can survive. Companies get big, lazy, sluggish, uncompetitive when they have a lot of cash on the books. And they don't suffer when they do badly quite as fast, quite as well. Okay, so that's two reasons. And one way in which to get rid of that cash, invest it in projects, in businesses. They can generate cash, sorry, generate profit for the business, for the underlying corporation, for the shareholders. Second thing you can do with the cash. You can give it to shareholders. You can give it to shareholders. It's theirs. It's money you don't need right now. Let's say you don't have any good investments. You can just give it to shareholders. Now, how do you give it to shareholders? Well, there are two ways of giving it to shareholders. One is you can give it to them through dividends. You can pay them a dividend. And most companies, most corporations pay dividends. You can increase the dividend. Or you can have a one-time dividend and give them the cash. The problem with the dividend is that dividends are taxed like regular income. So shareholders don't particularly want you to pay them a dividend because the tax rate is pretty high. Ah, but there's another way you can give it to shareholders. You can buy back their stock. You can buy back their stock. Now, if you buy back their stock, they pay and they make a profit because you bought the stock at a higher price. They make a profit, they pay capital gains on that stock. That capital gains is taxed at a lower rate. So stock buybacks are a way of companies to deliver the cash to shareholders and allow them to take on a lower tax rate. A lower tax rate. Now note that capital gains taxes and dividend taxes are from double taxation. Because remember that the corporation gets taxed and then it takes its after tax dollars and hands out the dividends of the stock buyback and then it's taxed again at the individual level. So dividends in capital gains are double taxation. A double taxation, double jeopardy should be banned. Just something else that's of interest since we're talking about all this and corporate taxes and everything. Hopefully this is interesting to you guys. Corporations don't pay taxes and businesses don't pay taxes. Corporations don't pay taxes on the interest payments they make on the debt that they take. So for example, if I want to fund a project as a business, it's cheaper for me to borrow money than to raise money in the stock market because the interest I pay on the borrowed money is not taxed. You deduct it from earnings so you don't pay corporate taxes on it. But the dividends I pay are taxed at the corporate level and at the individual level. The interest gets taxed only at the individual level. So by the way, that's a way to make sure that businesses are over-leveraged. They have too much debt. So one way to guarantee that businesses who have too much debt is to do what I just described which is exactly what's going on in America today. Now we're going to triple tax, triple tax, triple tax, three taxes, stock buybacks. We're going to tax them at the level, we're going to tax the income at the level of the corporate tax. We're going to tax the capital gains at the level of the individual when they sell their stock. And we're going to tax the transaction. So what our Democratic senators are saying to us, what Democrats more broadly are saying to us is we don't want businesses to give shareholders their money back. We don't want businesses to give the money to the people who actually own the business, right? There's a good quote, let me see. Yeah, here's the quote from Schumer, right? There's Chuck Schumer.  Everybody hates stock buybacks. I think they're one of the most self-serving things that corporate America does. Companies instead should be investing in worker training, research, modernizing equipment and other activities. Now, should companies always be investing in worker training, research, modernizing equipment and other activities? Not if they have negative economic value. If they have a negative economic value, they shouldn't be investing in those things. And if a corporation can't find good investments for their money, they should return the money to shareholders, it's theirs. And it's not self-serving for the managers, for the corporation, whatever the hell that is. It is self-serving for shareholders, but it's their corporation. It's private property. It's, I mean, this campaign against stock buybacks has been going on for like 20 years I've been hearing about it. Finally, Democrats seem to figure out how to stop share buybacks by taxing them when you tax something yet less of it. But from an economics perspective, from purely economics perspective, this is insanity. It's destructive. It's a way to reduce value in corporate America. It's to reduce share value. By the way, why did Apple take on debt in order to buy back stocks? It's a tax and interest rate arbitrage. You can, the return on Apple stock is much higher than interest rates. So they'd match rather, this is the consequence of the Federal Reserve keeping interest rates so low, we have real negative interest rates in the United States right now, borrow money at negative interest rates, give the, you know, give the money to shareholders. The interest you pay on the debt that you took is tax deductible. So that negative interest rate is even lower, negative real interest rate, right? Given inflation is a 9%, you're paying 7%, that's a negative 2% real interest rate. And if you then can deduct from taxes, it's even lower than that, that's a beautiful thing. I would do that all day long. I would do that all day long. If I could increase my mortgage right now at the interest rate that I got it at, three and three quarters, now I can't deduct the mortgage interest in Puerto Rico, but if you're in the United States, you have fixed rate mortgage for 30 years and I don't know, 3%, 4% and you can increase that loan. Of course you should increase that loan because as inflation speeds up, then the nominal value of your home goes up, the value of your debt doesn't. It goes down and you make a killing. So yeah. So this is just, it's just, this is the kind of tax that's infuriating. It's the kind of tax that nobody's gonna really speak up against. You're not seeing Republicans that perplexing about this. Nobody cares about this because it's a stock buyback, so everybody hates that. But it is an unbelievably destructive tax. It's the kind of tax that's gonna have all kinds of little impacts out there gonna change corporate behavior, gonna change the way businesses do business. It's gonna increase the amount of cash that corporations have on their books.  It's one of those things that once they get instituted is gonna be with us forever. And super destructive, completely stealth. Nobody out there cares. So cinema changed it from carried interest to this. I mean, carried interest would have been a disaster as well. It would have had with the private equity industry, which is an incredibly important industry. But again, nobody would have cared about that. As I said, the Trump bill from 2018 already started to shrink the carried interest. So it truly is one of these little tweaks they make to tax code that ultimately is going to have profound impacts down the road. And this is the kind of analysis you won't hear in anybody else's show. Thank you for listening or watching the Iran book show. If you'd like to support the show, we make it as easy as possible for you to trade with me. You get value from listening, you get value from watching. 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