Wednesday, 24 December 2014

What I've learned from self-publishing...

It won't make you rich, it might not even earn you any pennies at all. But at the end of the day, it motivates you to keep writing. It teaches you how to deal with unrealistic expectations, how to remain defiant in the face of adversity, how to pull yourself from negativity and anxiety. The more you write, the more you dream the scenes, the more you contemplate upon the story, character motivations, character actions - and a better storyteller you become. I can tell you this from the bottom of my cold fiendish heart, downloads are not important, sales are not important, what is important is for you to bring your story or stories to completion. What is important is to never give up, but learn from your mistakes and strive to become a better writer, a better storyteller.
Like JFK said, an error becomes a mistake only when you refuse to correct it.
You don't have an editor? Don't despair, neither do I; and probably never will. Just read it again, and again, and again if you have to; edit it as much as you can - but don't be discouraged when you find typos and grammar errors even after several reads. It's natural, our eyes miss them. Our brain knows the lines, our tongue knows what's coming next, and our eyes simply miss them... So don't fret. Just fix the errors and then click on upload new version.
Everyone makes mistakes, you find typos even in the traditional medium, even at academic level. And always remember that as an indie you're not charging the sea and its salt for your ebooks. And you ebook readers out there remember that unlike physical books, the state perceives VAT on ebooks. So the author's cut, after retailer and aggregator take theirs, after income tax, and after VAT, we are left with crumbs - especially us who only have a handful of sales. There's no shame for us that there are children in 3rd world countries who make more money than we do from self-publishing. ^_^
If you love writing, if you have stories to tell and characters to flesh out, then you won't care about commercial success. Aspire first and foremost to conquer yourselves, after that the rewards will come. Happy holidays and good health. Peace out.

Tuesday, 23 December 2014

OPEC leader vows not to cut oil output even if price hits $20

“It is not in the interest of Opec producers to cut their production, whatever the price is,” he told the Middle East Economic Survey.
“Whether it goes down to $20, $40, $50, $60, it is irrelevant.”
In the MEES interview, Mr Naimi said Saudi Arabia and other Gulf oil producers would be able to withstand a long period of low crude prices, largely because their production costs were so low — at only about $4-$5 a barrel.
But he said the pain will be much greater for other oil regions, such as offshore Brazil, west Africa and the Arctic, whose costs are much higher.
“So sooner or later, however much they hold out, in the end, their financial affairs will limit their production,” he said.
“We want to tell the world that high efficiency producing countries are the ones that deserve market share,” said Mr Naimi added. “If the price falls, it falls . . . Others will be harmed greatly before we feel any pain.”
The bluntness of Mr Naimi’s message took even seasoned Opec observers by surprise. “I’m more bearish than most people looking at the oil price, but even I am stunned how aggressive his comments are about this radical departure from policy,” said Yasser Elguindi of Medley Global Advisors.
Like Warren Mosler states below:
The Saudis never ‘cut production’. They just set price and let the world buy what it wants at their price. No one seems to know that. As no one ever asks if they are going to raise price. 

Monday, 22 December 2014

Putin's administration doesn't know how the defend the ruble

The fundamental element behind money value is taxation. Fiat money is tax-driven money. Thus, once you levy a tax upon something (goods, labor, property etc) and demand payment only in a specific currency - you create permanent demand for that specific currency.

So when you have trade partners who are dependent on one or more of your exports - it is unsound (geopolitically and economically) to demand payment of your exports in foreign currency, especially when there's weak demand for your own currency (the ruble) to the outside (non-domestic) market. By changing accepted payment from foreign currency to rubles, you increase the demand for your currency. By lowering the supply of rubles for the outside market, you again, make your currency more valuable. Thus, you force your trade partners to increase their exports to you - in order that they may obtain the necessary rubles to pay for the seminal goods and resources that they can only buy from you.

Thus, Russia would be able to secure its adequate supply of imports and keep the value of the ruble from depreciating too much too rapidly (have healthy inflation).

Thursday, 4 December 2014

#Cameronmustgo 1.3 trillion in debt

More like 1.3 trillion in private sector savings, of which I (the rich guy) own the most; and keep you (the poor) permanently and involuntarily unemployed because I want to put downward pressure on wages and scare the middle class by making them look at the poor. Because I don't want my firms to compete for people; I want people to compete for firms. And I'm cutting spending on you and increasing taxes on you just to enlarge the wealth-gap.