Episode Name msb-0368 Intrinsic Worth
Direct Link to episode -> http://media.libsyn.com/media/msb/msb-0368_Intrinsic_Worth.m4a
YouTube Vids
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Intro
Disclaimer! Disclaimer! Disclaimer!
Survey
FeedBack comes first, so...
This episode is based on the concept of "intrinsic worth."
I was listening to the "Science Show" from Australian Broadcasting [ http://www.abc.net.au/rn/scienceshow/ ] and it sparked some thoughts.
I am starting to find all kinds of podcasts and, given the fact that I've had to rescan twice a day almost every day and the new digital channels come in spottily at best, podcasting has an opportunity to really make some real inroads right now.
---- "lend me your love" by: "slackstring" http://www.slackstring.com/
FeedForward
This rightfully belongs in the Feed Forward segment.
I am starting to expand msbpodcast.com into an actual web radio station.
Starting in January 2010, msbpodcast will have an interactive component which will be called MS Web Radio [ http;//www.MSWebRadio.com ]
Right now its not operative and its only a repeater to bring people to the msbpodcast.com site but I'm going to retool the web site to handle the web radio component.
It will also be podcast so if you don't get to it, it will still be available after the airing.
MS Web Radio will be held for a half an hour every Sunday afternoon at 3PM (15:00) my time.
I will be taking my definitely, uh, unusual show and opening it up to everybody.
I'll keep you posted on my progress as it happens.
---- "Where dat Money Go?" by: "David Ippolito" http://www.thatguitarman.com/
FeedMe
I now have TWO sponsors.
I told you, way back when, getting the first one was the toughest.
Now I have two and it didn't take another three years and several thousands more dollars of spending on my part.
The links are synchronized with the messages on the m4a right now.
It you're listening on this through iTunes or through a web browser, just click on the image for the sponsor and I'll take you right to the appropriate web page.
If you're on an iPhone or an iPod touch, you should be good to go too.
----
The first sponsor, you should be all familiar with and maybe even have bought some t-shirts.[ http://www.artoshirt.net/servlet/the-MS-Artists/Categories ]
I'm still in love with my T-Shirts,
There is one called "At the Back" by Karolina Wojdak [ http://www.artoshirt.net/servlet/the-370/MS/Detail ] which is beautiful in a deeply intriguing way. I am always fascinated by the way artists perceive the world.
They see the same thing we mere mortals do but they seem to take away a very different mental image from the same landscape my ultra- or magic-realist eyes merely sees.
I would try to out texture a fractal. That's why I'm glad to be involved in audio. (Although back when Wendy was Walter, I played with the shapes of sound waves and how that affected our auditory perception.)
I hope you folks out there are buying these because I'm not going to be outside much to look at them once the heat hits.
----
I received the CADDi in the mail, and, after trying it out, I feel that I can honestly recommend the CADDi by BARBCO. [ http://barbco.biz ]
The picture of the CADDi in use sort of says it all.
BarbCo is very generously giving a dollar of off every order they process to a bunch of causes and YOU select the cause.
[ http://barbco.biz/MultipleSclerosis.htm ]
I'm talking with her, well we're Twittering and emailing back and forth, about having promo code for MSers.
The CADDI is for non MSers but it ought to be for us too.
---- "Coz They Invented Money" by: "Gravitator" http://gravitator.vox.com/
Thesis:
This show is all about "intrinsic worth".
Part of the intrinsic worth of money is how easy or difficult it is to get access to it.
The video at the front of this episode concerns a micro-lending bank known as Kiva; there's no other word for it, it has lenders and borrowers. [ http://en.wikipedia.org/wiki/Kiva_(organization) ]
Its a bank.
---- "Money Ain't Time" by: "The Halley DeVestern Band" http://www.myspace.com/halleydevestern
Synthesis:
Working with Douglas Rushkoff [ http://rushkoff.com ] has opened my eyes to lots of things we could be doing about fixing the things that are just plain wrong with the financial system.
This is a system where
• your paychecks or investments are poured into anonymous institutions,
• lent out to other anonymous institutions, (who work out secret deals for access to your money, [regardless of how you might feel about it,]) and
• where you earn almost nothing after inflation, (since a 2% interest rate on your checking account means you don't even break even.)
These financial institutions and banks are little more than just storage places for information about your money.
They certainly are less than ideal investment vehicles for you. (Your investment vehicle is out of gas right from the start so neither you nor your money are going anywhere.)
If you would like to have a small loan, you're out of luck because the old structures of the financial institutions aren't geared up for small.
Their fees are based on a a fixed startup cost plus a percentage of what they lend out.
Since small loans equals small fees, they aren't interested in small loans. They're interested in getting fees as large as possible.
I worked for financial services firms where the accuracy of bond transactions [ http://en.wikipedia.org/wiki/Bond_(finance) ] were calculated to 11 digits on either side of the decimal point.
They were likely looking to exceed those limits for 30 year bonds for large clients. Eleven digits come to 99 billion,999 million,999 thousand,999 units of whatever currency you care to negotiate in. (The long term US debt is now in the tens of trillions of dollars so my software would not be capable of handling that by three orders of magnitude!)
Now imagine you are a Peruvian native with a small food stall or a small store.
You need $100 to upgrade your stock, add on to the layout of your store or improve your capacity to do business.
Are you going to go to a bank?
You can't even afford a loan big enough to fill out the paperwork they would require you to take.
You can't make it worth it for them to know that you exist, but you still need the shelves or the stock or the cart or the bicycle.
That's where micro-loans and micro-lending come into play.
You get to know the person who's going to use your money directly because you direct who is getting access to your money.
The amounts are really small but you can even join a group to share the risk.
The opportunity exists to make friends and business partners across the globe doing something rewarding.
---- "Money" by: "Theory in Motion" http://www.myspace.com/theoryinmotion
Conclusion:
Check out Kiva [ http://www.kiva.org/ ] and get involved.
You can actually lend, not give, not donate, its not a charity, lend a small sum of money to an individual who'll be known to you, who's actually going to use it to improve his or her life, affecting the lives of those around them and who will actually pay you back.
All for a fraction of the cost of the money you're losing everyday (The recent financial melt down is costing us plenty and will continue to do so for the next 30 years, or until the next time somebody asks the idiots in the financial markets "which card is the ace". [shuffle shuffle shuffle, three card monty,{ the answer is its none of them silly, the ace got palmed before the cards were ever laid out on his little table.'}])
---- "Money Control" by: "Voide" http://www.voide.net/
Outro
SongList
Theme and 'incidental music' from:
"msb_theme",
by: "Guy David",
http://www.guydavid.com/
no album,
via personal contract
Song list
"lend me your love"
by: "slackstring"
http://www.slackstring.com/
album: "none"
via: music.podshow.com
"Where dat Money Go?"
by: "David Ippolito"
http://www.thatguitarman.com/
album: "none"
via: music.podshow.com
"Coz They Invented Money"
by: "Gravitator"
http://gravitator.vox.com/
album: "none"
via: music.podshow.com
"Money Ain't Time"
by: "The Halley DeVestern Band"
http://www.myspace.com/halleydevestern
album: "none"
via: music.podshow.com
"Money"
by: "Theory in Motion"
http://www.myspace.com/theoryinmotion
album: "none"
via: music.podshow.com
"Money Control"
by: "Voide"
http://www.voide.net/
album: "none"
via: music.podshow.com
PhotoCredits:
All images, synchronized with the songs, are of the artists and come via music.podshow.com except when they aren't. :-)
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