Coincidently (I don't believe in coincidences; I believe in miracles, but Coincidently is the lingo, so
Coincidently Sadhguru and I are both on about Personal Transformation today. Him from the point of view of Yoga. Me from the point of view of Ignorance as found in the Buddhist and Kabbalistic texts.
Here is the video of the launch. It is our first attempt at a video. We need a video tripod for next time and a lapel microphone, but the message comes across loud and clear, and we will get better each time.
Blackouts inspire author to write thriller The Last Blackout @eNCA@rmadzenahttps://youtu.be/HO6l2eHq3QY via @YouTube@Eskom_SA@EskomSePush#loadshedding#blackout#electricity#thriller#sciencefiction#negawatts#strategy#paradigmshift#energy#water#sewerage#95percent
Rofhiwa : Now the ongoing blackouts have had a negative impact on many people across the country. Life can come to a stand still when Eskom removes its power supply, so what can you do in those two or four hours of silence? Sleep? Maybe take a walk or write a book about how the utility has disrupted our lives?
That's exactly what author David Lipschitz did and he joins us now to talk about this thriller novel that he's written, The Last Blackout. David: thank you very much this morning for your time. Maybe tell us a little bit about the book and really what inspired you to sit down and pen this thriller?
David: Morning Rofhiwa : It's so brilliant to see you again and you know in 2004 when I discovered wind turbines I started reading the energy policy of 1998 and the renewable energy policy of 2003 and I started writing to ministers and speaking to people and in 1998 I was invited to parliament when the feed-in tariff announcement was announced and then a whole sequence of events happened.
I wrote a book in 2020 when lockdown started, and suddenly we all had so much more time to work on things that had been on the back burner for so long, called A User Manual For Life On Earth, and it's a very dry book, and it's full of facts, and then this year I had this inspiration to write my first thriller novel.
This is a blueprint so that I can check that everything's okay and you can see the poster behind me of the book, and so the idea is that we need I've penned that it's an electrifying read that will shock us into action. You know I think that people need to have something that focuses their mind that makes them see how important electricity is in our lives and you know we relegate electricity to being such a you know we take it for granted,
but actually electricity is critical to our lives you know, we, you say to people what's your most important thing you need in the next three minutes, and that's air and then you say what's the next thing you need and people say that's water and if you're on a farm I would say yes I agree, but if you're in a city with four million people like Cape Town or these huge cities around the world the next most important thing you need after air is actually electricity, because, for example, in Cape Town most of our water comes from Theewaterskloof dam which is 100 kilometers away and it gets to us because it's pumped and it's pumped with pumps that run with electricity, so without electricity, we don't have water without water, we don't... our whole sewage system in a city runs off water. We need 80 liters a day per person to run the sewage system so things will break down really quickly, so what I've done in this book is I've written it as a thriller as if load shedding suddenly happens people don't know it's happening but it doesn't stop. It carries on for days and days and how society breaks down and what needs to happen; what happens and how can we fix the problem? So i think that you know if if I focus people's minds to show them how critical electricity is and how quickly society will break down people realize wow we shouldn't be focusing on retirement in 50 years time we should be focusing on staying alive for the next four days or two weeks because electricity is so important.
Rofhiwa: Yeah and I mean your book is quite descriptive in that it describes quite a wonderfully if I might say the effects or the immediate effects of electricity that eerie silence no one out doing anything. Basically people's lives coming to a standstill and as the book progresses David you describe how people have had to adjust their lives to this new and sudden normal that they have been exposed to despite the fact that we have had load shedding since 2008, there are changes that people have had to make and be very conscious of their daily habits that they would do with electricity and not having to do them without. David: Exactly. So I mean the first thing that one needs to look at is something called megawatts N E G A watts, and that's saving power so energy efficient fridge energy efficient air conditioner. Perhaps gas cooking, although you know the price of, when I started looking at renewable energy in 2004, you know, and when I invested in my first system in 2008 you know the cost has come down 92% since then so for the same amount of money that you could run maybe a third of your house in 2008, you can run your entire house or I
say 95 percent. To get to 95 percent of running your own house is relatively inexpensive. It's a lot cheaper than buying a car, for example. People are focused on buying new cars but even cars start because they have a battery which cranks the you know the starter motor which starts the car. So even if you drive an internal combustion engine car you still need electricity to start the car and even to run the car so you know the thing is that people have realized how important electricity is from saving electricity saving money, bringing their costs down. Electricity costs have gone up from 50 cents a kilowatt hour in 2008 to R3.50 a kilowatt hour now. So that's a seven times increase. Meanwhile inflation, if you look at inflation, the 50 cents has become maybe 75 cents, in that time, so from 75 cents to R3.50 is the real increase in the cost of electricity, and that forces people to adjust, exactly as you say, their way of operating their way of behavior. But we still need electricity. I mean, we have our cell phones. We need electricity for our cell phones. We need electricity for our computers. We need electricity for our lights. In a lockdown environment where people are not going out so much more, Zoom and other kinds of video conferencing meetings. All of this happens and depends on electricity so it's really critical that people realize how focused they must be on making sure that we have electricity and electricity enables everything else. So one of the things that I did is I did a study looking at you know if Eskom had brought their power stations on time like they said. Medupi was meant to be completed in 2015. Kusile was meant to be completed in 2018, and other power stations. Ingula was also late, a pumped storage system. So I just looked at those three power stations and if they were, if they've been brought on time, there's a baseline which is the top line and there's an actual line which is a bottom line and that difference in price is actually 45 Trillion Rand, so the fact that Eskom; we think Eskom is load shedding when our power's off but s comes actually load shedding all the time because of late delivery of power stations. Rofhiwa: Yeah, now David they've been talks over the last two days about the creation potentially of an Eskom 2.0. What are your thoughts on this? I mean I had a bit of a laugh because if we can't manage what we currently have, what business does the state have discussing in Eskom 2.0. Why not continue to focus on bringing on more alternative renewable energies onto the grid instead of creating another power utility?
David: You know I've got lots of thoughts about this. My, my, because I'm an optimist and my blood type is B+ Be Positive. I look at this and I say, well, as soon as they are two there can be a hundred. So I think that if as soon as the government creates the legislation to allow a second utility we're on a path to having hundreds of utilities and that must be welcomed. The fact that the government will want to run the second utility and all those negative things that go around that. I think we're going to be discussing that for a long time, but I think the fact that they're talking about a second utility. Yes, they want to run it themselves, and yes they have a bad record of project management and financing and just borrowing on the never never which obviously as soon as that you know we we saw this week that (Eskom CEO) De Ruyter said Eskom needs another 45 billion Rand of loans. Now I'm responsible for that loan, and you're responsible for the loan and every taxpayer and every person who pays for electricity is responsible for that loan. So it's all very well that he says "oh we just need 45 billion". Maybe that's not a lot of money for him but for me it's a lot of money and you know as I say the thing that I look at. Initially when I thought second utility I thought no it's not going to work but then I thought you know second as soon as you have two you can have infinite and that I like that so that from that point of view from a positive point of view I
think that that'll work.
Rofhiwa: Based on your engagements that you've had over the years David, do you find that there's enough political will to create or find almost immediate solutions to the power crisis. You speak a lot about the individual being impacted the way we have been with the blackouts. But ultimately the entire economy is reeling from them. Businesses; critical businesses like manufacturing, agriculture, have been brought to their knees because of the constant blackouts. Do you find that there is political will to find some immediate solution or reprieve for the economy at large.
David: I think that's very difficult, you know, based on our history, the... There are people that actually that do want to fix the system but i think that people are stuck in an old environment and that what you know everybody a lot of people when you look at different industries and strategies and so on people try to find that single unique thing that can solve a problem, you know, we get orange carrots, but if you go and look at carrots, there's a hundred different kinds of carrots. You can get white carrots. You can get black carrots. You can get different kinds of carrots you can get short carrots. You can get long carrots. So if you're a carrot grower the safest thing for you to do is to plant 10 different varieties of carrots because if you have a particular drought year or you have a particular sunny year or a particular rainy year then maybe the orange carrots don't come through but the other carrots come through. The same with wheat. You know, there's a thousand different kinds of wheat, but we try to grow one kind of wheat and then there's a crop failure in a particular wheat so we're going to genetically modify that wheat when we didn't actually need to do that because there's another 999 types of wheat. The same with coal and nuclear and renewable energy. I don't believe that there's only one source that we can say that the sun will solve all of our problems. The sun has ...
coal came from the sun because of you know trees and so on breaking down over billions of years. So everything that we have comes from the sun, but in the short term, we're still going to need coal power stations. My personal opinion is we don't need five-gigawatt power stations. We need a hundred tiny power stations 100 to 250 megawatt power stations, built into the grid, so when there's when there's a, you know, no sun and no wind in a particular area you can start your local coal power station. I know that from an efficiency point of view, it's less efficient because you have to cart coal to the power station but that will reinvigorate the railway system to bring coal but the thing is that the coal power station in this kind of environment is a system that says: we use the sun; we use the wind; but if it's a rainy day or a rainy week in Cape Town then we start our local coal power station which you run for four days and then we switch it off. So ... and the same you know we have. You know the first thing we give to visitors in Cape Town; it's so funny is they drive through the sewage farm in Athlone and everybody smells South Africa's s-h-i-t, you know, and the smell from the methane. But the point about the methane is you can burn the methane in a methane power station, so the Athlone power station ... I've written to the government many times, and I've said the Athone power station should: a) be a methane power station for peaking power so when there's no power you know expensive power you run that and also b) we can put a huge battery there like a Tesla battery or other batteries ... Panasonic. All these people are making massive batteries and the bigger the battery the, you know, the less the cost. But the thing with our government is they want to do everything themselves and they haven't got to the point yet of saying, there needs to be you know private government partnerships. Public. What's it called private public partnerships PPPs and if we do that then I think we can really solve the problem and Rofhiwa: Yeah. David: the last thing I just want to say now is that the National Planning Commission report in 2010 which was the strategy for 2030 said there should be a third government, a third business, and a third active citizens. So if we could get that strategy to go with a hundred commissioners who worked on that strategy we actually have everything we need. It's all already written in white papers, policy documents, government strategies, National Planning Commission Report. If we just implement those things I think that we'll be on a winning ticket. South Africa will be the the best and most fantastic country to live in and it should already be.
Rofhiwa: Mm, Thank you very much, David Lipschitz, for joining us this morning speaking about his book The Last Blackout and broadly the electricity issues that we have in the country. It is on Amazon if you'd like to have a read of the thriller. It's actually quite an interesting read. Go get yourself a copy. That is David lipschitz who's the author and scientist there who paint the book The Last Blackout
To find out what a total blackout will mean to South Africans, I have created The Last Blackout series of books. The first book shows how I found my purpose, how I found resilience, and how this lead me to become a "prepper" (although in a house in the middle of a city and not in an off-grid community). It shows 3 scenarios of how a blackout will affect people. The first two scenarios are set starting on a rainy Saturday next winter. One of them is in a suburb in Cape Town. The other is in Gugulethu, a "township" in Cape Town. The second scenario is on a hot summer's day next summer. It is set in a Call Centre. This is a very special call centre. You'll see why when you read the book.
The book and series aren't only for South Africans, but for anyone concerned about the future of our electrical systems.
“The Last Blackout” by David Lipschitz. A Science Fiction Suspense Thriller is available on Kindle and has just been launched. Also Amazon Print on Demand. South African Paperback is available on 1st August. David's 6th published book and first Fiction Thriller.
Kindle Version R60. $3.14 outside South Africa. Amazon Paperback Print on Demand version $6.80. Amazon Hard Cover Print on Demand version $14.00.
South African books available from 1st August 2022:- South African Paperback R100. South African Hard Cover R300.
Some people have already prepaid to ensure they get theirs on or soon after the 1st of August.
"An electrifying read that will shock you into action."
South African physical book launch at Cafe Neo in Cape Town in Mouille Point across the road from the Mouille Point Lighthouse at 4 pm on Monday 1st August 2022.
R2.3 trillion is R3,285 per taxpayer per month - MMC ID RR - 30 https://youtu.be/0J2NUQmRYRE via @YouTube
so i've been making videos every day and this is the 30th video and or the 30th slide in the video series and for the past 10 days i haven't been making videos because i've been working full time getting my first thriller finished and it's almost ready for publication and so now i can take a little bit of breath breather from that and carry on doing these slides and i hope to get back to them every day so a few years ago when the government started working on the new build they came up with a number of 2.3 trillion as the amount of money that needs to spend over 20 years on the new power station build in south africa and just to give you some perspective the two new coal power stations madupia and kusile which are meant to be four point let's say five gigawatts each they are meant to cost 80 billion each so that's 160 billion they're currently costing 500 billion each and then 5 years behind schedule
so 160 times 2 is 320 they're almost three times over budget and twice as long to build so if they're almost three times over budget then one can expect that this 2.3 trillion rand will be closer to 6.9 trillion rand and that won't take 20 years to build it'll take 30 years to build but let's suppose it's 2.3 trillion rand and a nice rule of thumb in south africa our average interest rates are 10 and average borrowing time is 20 years so you take the last two zeros off and then you get one two three one two three one two three you get 23 billion rand per month that's repayments so 23 billion per month is what the people of south africa or preparing for the new electricity fleet if we follow the old 20th century technology path uh there's 50 when i wrote this region there were 50 million people today in south africa there's about 57 million people they're worth 7 million taxpayers there's about five million taxpayers now but assuming that they're seven million in taxpayers who have to pay 23 billion a month then that's 3 285 rand per tax payer per month and that's only for the capital repayments so that's without providing one kilowatt-hour electricity each taxpayer south africa will have to fork out at least 3 285 rand and as we've seen in south africa tax is going down and the way that the government collects tax these days is by very high electricity prices very high water prices very high transport prices very high fuel prices incredibly high indirect taxes and these things are strangling the economy and there must be a better way and we'll see that in this presentation thank you for watching sending blessings see you tomorrow
good evening everybody good morning good afternoon hello today we're looking at the next slide which is slide 29 in the series about crises and this is the risk factor slide of the irp 2010 version 8 rp the integrated resource plan which is the resource plan for the next 10 20 30 years it gets updated approximately every five to eight years although some people think it should be updated more often i think every five years is enough
and this was 2010 and you can see it was the version 8 that we're looking at and there was still the final version after this but the version 81 had quite a lot more things in it than the final version and i was actually quite upset when they took out a lot of information out of the final version so let's just look at this version i had this table 37 of risk factors of different kinds of energy so no risk if there's obviously if there's a no risk project the risk factor is zero the cost assumption the scoring is zero lead time assumptions zero security supply risk zero operational risk zero so what zero means is no risk so if we don't do a project there's no risk there's no cost there's no lead time it happens instantly there's no security supply problem because there's no problem and there's no operations if we do a project that has no risk which is even whatever project you do there's always a slight amount of risk even if you install an air conditioner or a pool pump there's always a risk that maybe it's dead on arrival or something but do we know the costs of the project if we know all the costs in advance and we know 100 certainty we're going to meet budget zero lead time we know it's going to take three weeks is it definitely going to take three weeks zero because it's going to take three weeks if it takes four weeks then we made a mistake security supply is the sun going to shine for the next billion years yes we know for sure it is and operational risks well the sun's going to operate for 20 for 24 hours a day for the next billion years so we're okay and here you can see it says none is zero low is one moderate is too high is three and that's uncertainty and assumptions and then risks is nine is low nine is zero low is one moderate is too high is three and then there's all kinds of notes about the stuff on the left so now if we look at the highest the highest number is nuclear so nuclear power is the most risky according to the iop 2010 where they were thinking about installing more nuclear and south africa it gave got a 10 out of 12. the maximum score is 12 because if you have 3 3 3 3 3 3 4s are 12. so nuclear gets 10 out of 12 which means nuclear is very very risky okay cost assumptions 3 we don't know what it's going to cost lead time 3 we don't know how long it's going to take security supply will we get we can get uranium but of course we know that there's potential problems with uranium and uranium enrichment and so on operational risks well g what happens if there's a meltdown we're giving it a three and here you can see the notes actual capital costs could be significantly higher than assumed significant eia delays opposition to development so those are the problems that you know if you're going to build a nuclear power station you've got eras you've got environmental impacts you've got to check them all got to make sure everything's okay how you're going to look after the power station for a thousand years after it's installed then the next highest is pulverized coal and that's got a seven so cost assumptions one we think we know it's going to cost lead time we have no idea how long it's going to take security supply well said africa's got a thousand years of call and then operational risk three so that gives us seven and we look at six okay so we've got open cycle gas turbines which is a at the moment in south africa's diesel cost three we gave it a three in 2010 i mean look at us in 2022 with the price of diesel doubling in a year and from 2010 to 2020 the price of diesel doubled already which means that it's just mind-blowingly exponential growth we have no idea what it's going to cost lead time assumption well that that cost is actually the cost of building the thing yeah operational risks we say okay we know how to build it security supply we gave it two which is that problem we talked about just now and lead time assumptions one so you can see we got six and we go down to win wind wind gets two out of twelve now you would have thought with all the nuclear debate the nuclear so much better than wind why is wind only got too well cost we've got some idea what it's going to cost lead time we know exactly how long it takes to build and install a wind turbine scooter supply well you know we
there are different kinds of supply so the securities above the wind turbines which is what they're talking about here and then the security supply of the um of the wind um as long as the wind as the sun keeps shining the earth keeps rotating we're going to have wind if any of those two things stop well life will end as we know it so then we should worry about that operational risk zero so we give it two and then there's no pv here even though in 2008 the government announced the south african government announced feeding tariffs so you would have thought that the irp 2010 would have feed in tariffs i mean we'd have photovoltaic panels with feed-in tariffs and if you had photovoltaic panels well the cost would be zero because we know what the cost is the time we know what the lead time is security supply we know the security supplies operation risks and i would give photovoltaic panels a zero risk so there we are here we are with nuclear and coal having high risk and photovoltaic panels potentially having no risk so this is important to understand i know it says draft but like i said to you before the final version didn't contain everything in the previous versions and somebody went to a lot of trouble to produce this this chart i think it's important that we understand it i think it's important that we understand risks and that we deal with them and we go forward in our usage and yes i still believe that coal is a part of our future for the next 10 or 15 years at least so we should be building coal power stations that will meet our requirements and not necessarily build car power stations for 50 years when we're going to not need coal soon okay thank you very much as always like subscribe share and look forward to your comments good goodbye good morning
okay so good evening everybody tonight we're going to continue with our look at um the late build we looked yesterday at the 100 trillion rand that's been lost to the south african economy and the rand dollar is currently about 16. so if you take 100 trillion and divide by 16 that's 6.5 trillion dollars that's been lost and when you look at this power station on the bottom left this is the madupi power station in 2015 by 2015 it was meant to be finished and as you can see only the first two turbine buildings were under construction and they weren't even finished yet so you can see that when you build a monster you end up with a monster now we get told that coal power is really cheap and gas power is really cheap and oil power is really cheap and making diesel and petrol and all the lubricants that your cars need is really cheap and maybe it is really cheap maybe it is i don't know but maybe it is but maybe there's something else going on i mean let's look at one of escom's existing power stations up in the top over here this is one of their existing coal power stations it's actually in the distance in this photograph as well over there this is from the center of environmental rights they took these photographs some time ago maybe five ten years ago so you can see the smoke coming out of there's chimneys there and this is for the water because the power stations use a lot of water and you can see the smog that's been created but the pollution that's been created in the air by the power station look at that pollution on the horizon you can see it's really really really bad and this over here is an open cost coal mine so you can see that we're destroying prime land prime agricultural land which we need to make food and we're destroying it forever by coal mining surface coal mining and then if you go look at canada with the tar sands they're destroying canada and taking tar sands which might be good in the short term creating oil but maybe we don't need so much oil and then you have this power station where that's that smoke which is the same as that smoke creating all that smog which stands all that smog and ascon's biggest product now you might think that s-com the utility the south african utilities biggest product is electricity and you'd be wrong electricity s-com's biggest product is actually ash and here in the front of this power station is something called an ash dam and ash tams the walls around the ash dams have broken in the past flooding schools communities and also besides the the coal that you need the ash dam is taking up space and what are we going to do with all this ash some of it we can use for bricks or for this or that but most of it is just going to sit there for decades perhaps thousands of years and our great great great great grandchildren are going to say what did these guys do they had such a relatively small amount of space to grow food and to you know live in a fantastic pristine environment but because there was temptation maybe we should talk about temptation and we should talk about free will and ancient wisdom and our sergioli asajioli was a fantastic psychologist stroke psychiatrist stroke doctor who lived at the same time as freud and jung most people haven't heard of her sergio lee one of sergio's books is called free will and free will is not about waking up late and raping the planet and i use the word rape specifically because this and this and this is raped just like the rape of a young woman or a young man or even an old woman or an old man taking something from them that you can never get back that's what rape is rape is you take something from someone and they can never get it back they can never get that innocence back they can never get what they had before back before that lightning bolt came out of the blue and took their life away and made some people recover but there's all that this nature being raped it'll take a billion years to recover yes it will recover everything is recycled but it will recover but it's not going to recover in our lifetime or children's lifetime
so temptation is when you take what's in front of you and your myopic and you say what can i get now how cheap can i do it what can i build with it and free will is making a decision i'm going to run a marathon i'm going to wake up at four o'clock every morning go for three hours if it's snowing or sunny or i'm going to spend 25 years building programs and systems and show people that there's a different way to behave with the world which is what i've done since 1999
23 years so far
and spending approximately half of my time when i could have been working and earning but trying to work on the commons and looking for possibilities and here in the bottom right is a graph which comes from let me just exit that which comes from the white paper on renewable energy so it does this let's talk to the streaming people about it when the cursor moves to near the bottom it brings up that i must find a way to stop it but if you look at the bottom it says from white paper and renewable energy 2003 this is a graph from the white paper when remember i spoke before white paper is a government strategy document so strategy is what we call in business white paper is what the government calls it and it shows that here is the demand curve that blue line but when you build a power station you bring on much more excess capacity than you need and so there was this all the spare capacity and what s-com did is that they sold the spare capacity to smelters and other big users at really cheap prices because whatever they got for that triangle of electricity that was basically free because everything was paid for that line but what they didn't take into account that one day they were going to get to a point where they ran out of that excess and that happened in 2008 it almost happened earlier but it actually happened in 2008 and the 3000 white paper said that south africa will start experiencing load shedding unplanned outages electricity outages from 2008 to 2030. we're currently in 2022 everybody says why are we still having this but this graph shows and when we get to 2025 the load shedding is going to get far far far worse because that's when s com have to start switching off their power stations and so there's this thing called the s com cliff so we all think you know the writer comes on board and he says in two years time there's going to be no more load shedding where it's just double the price well we haven't already had the doubling of the price we've seen that you know so we go back to that slide where we looked at the price doubling let's see if we can find that slide yeah but here we are at this point 50 cents a kilowatt hour there we are at that point three round thirty kilowatt hour fifty cents to three round thirty
six times increase over 14 years six times if you look at this green dotted line that's inflation so we should have gone from 50 cents to 75 cents but we've actually gone from 50 cents to
three round 30. and in the meantime this green line is photovoltaic electricity grid tie without batteries price coming down and this yellow orange line is the approximate trend of grid tie systems with batteries price coming down and you can see what happens this year that the battery price becomes equal to the homeowner price and within the next five years the battery price will be less than s com's production price
now i personally believe let's go back to this other slide that we were looking at
i personally believe there should be you know you can build two of these monsters 4.8 gigawatt power stations if you go back up here and see that there's the baseline of when we expect madupi to come on so yeah madupi 1.5 gigawatts here madupi another 794 yamaduki another 1.5 yamaduki 704 madup is finished 4.8 gigawatts coming on stream supposedly between 2013 and 2016 so that was when it was meant to be done it was actually meant to be completed in mid-2015 but let's say 2016. okay so that's a really big power station that's a monster a monster that looks like this now if we bought a i go and say to people let's board 100 megawatt power station 100 megawatt coal power stand people said david you're nuts it's inefficient it's better to build amy lovin said there's no economy of scale for building a coal power station above 800 megawatts so in this case each of these towers should have been a separate power station not a big one big power station because of all kinds of problems for example how do you get you can get the coal coming out a conveyor belt to that one but how do you get the call to that one that one that one and that one then this one's producing waste ash and that one and that one how do you get that waste out of that power station in the middle so i said when they started having problems in twenty twelve twenty said knock out that middle one and finish those two and those two which means you can bring inputs water coal all the inputs you need to this one and take out the waste and on this side bring out the electricity and then that one you can tweak in the coal and you don't have to worry about finding ways to move coal around and ash around just take the middle and then we said no but we're going to waste 20 or 30 billion around i said yes we'll waste 30 billion rent but we'll save 200 billion around
because that's called learning when you learn you waste some money but you learn and then you don't waste it again yeah we're wasting it constantly so i said let's build a 100 megawatt power station
and then once he bought one let's put another one and when we bought another one let's build a third one let's modularize them so all the components arrive and within two to three weeks we bought a 100 megawatt power station and every month we produce between one and four 100 megawatt power stations if we did that how long would it take us if we produced one a month to get to 4.8 to take 48 months
it'd be quicker to do that than to do this and probably cheaper and we could do it in 48 weeks instead of 48 months
what's 48 divided by 12 12 12 months it's like five years of building one power station a month and if we build one a week we build the whole power station in under a year we modularize the system that's what a business model does it modularizes the system so you're gonna buy a hundred turbines you're gonna buy a hundred generators you're gonna buy a hundred switching stations you're going to buy a hundred coal feeders you're going to buy 100 conveyor belts you're going to build 100 stations because you need you're going to build 100 coal yards yes you're going to be shifting coal around the country but when you have embedded power stations and you have a cloud in cape town and you know the cloud's going to be here tomorrow afternoon you can turn on the power station in time one thing you can definitely do with the sun and with the wind is you know exactly what how much sun and how much wind you're going to have to more often during three o'clock and we can thank the airline industry for that the two giant super computers one is in bracknell and one is in uh it's in new york south new york i can't think of the name now these two crazed supercomputers the world's most powerful computers and they run the weather system the weather forecast system and the airline industry paid for them because the airline industry needs to know that when a plane takes off on a 12-hour journey it can land on the other side because it's very expensive for the plane to divert or to offload passengers at another airport and then fly the people they want to know when they take off they can land at the other side in clear weather even if it's raining or stormy now and if you get delayed your flight gets delayed by an hour or two and they say there's a technical issue chances are the technical issue is because the technical that there's a storm on the other side and whilst plans can take off they can't land and now we have instrument landing systems and all kinds of things which means plans can land even in a swim as long as there isn't a strong crosswind but the point about it is that at three o'clock tomorrow afternoon i know it's going to be sunny or windy or not and if it's not going to be windy and it's not going to be sunny i can switch on my embedded coal power station
so yes maybe it's inefficient to build a 100 megawatt call power station which can start by itself under its own steam but if you bought 100 of them it becomes efficient because you have economies of scale you have the learning curve remember we spoke about the learning curve
as the learning curve as we make more we bring the cost down but here as we make more the cost radically goes up as we make more of these things the cost goes up as we make more of these the cost goes up you've seen the cost we end up six and a half times in the past 14 years the waste the requirement for coal goes up people are complaining about lithium mines and lithium mine is tiny compared to a coal open coast coal mine like this that's destroying hundreds of square kilometers and then you've got all this waste and this is only the the ash waste what about the coal waste that isn't burnt and what about all the other waste that comes out of this what about all the smoke that's sitting in the atmosphere that we're breathing that's causing us to have respiratory illnesses i won't tell you about the latest one we just had for the past two and a half years the planet the planet says to us i can't breathe and it sends humans a respiratory illness humans turn on the air conditioners and go back to the office building instead of saying i learned how to work from my home office i know how to do that yes my children need to be educated so we need to have a hybrid system for children's education but every single office building worker must be working from home offices or in local pod offices if they want to be in community so we've just spent two and a half years learning a new system and we just want to go back to the old system and nature will give us nature will send us warnings one of the beautiful things about mother nature mother nature is a really caring mother and the caring mother will send a shot across the bow just like a a nice admiral in his aircraft carrier will send a shot across the bow of his enemy saying please heave to change direction change course and if they don't they'll blow them out the water now what's that what's going to happen here nature sends us warnings first it sends people like me and greta and al gore and hundreds of people like us saying warning the planet look after the environment look after the planet do things differently costs will come down if we redirect our money that doesn't happen then what happens god says i've sent 50 messengers no one's listening to them he sends a respiratory disease and everybody's suddenly at home and the canals in venice get get clean and there's penguins walking around on the streets in cape town and their coyotes on um golden gate bridge in san francisco and people in mumbai haven't seen the sky for 30 years the one guy says i can see the sky and for the first time in his life he can take his take his mask off because the air is clean over the cities of the world and that's what happened in the first three months of lockdowns and lockouts we learned how to clean up our act we learned how to clean up the world we learned so much
and then we go back to where we were we go back to the course we were on and that aircraft carrier blows us out of that water bam gone and maybe a million people died in the past two years from this respiratory disease what happens when a billion people die in three months and there's no antidote the antidote was that we cleaned up our act we listened to the message that nature gave us in the past two years to clean up back and not to create more of this and not more of this and not more of this and not to have serious amounts of death and load shedding because when these power stations start switching off and there aren't new ones and we don't have much time now we've got five years and you're going to see i'm going to show you a spreadsheet later on which shows you how in five years private people people working together communities can build their own power stations faster than s-com can faster than any government can faster than any utility can and we have to do it we've got until 2028 we've got six years before they start switching off these power stations and one more thing this power station over here when it was built it had an eia and environmental impact assessment routes how is it going to impact the environment and it's meant to have scrubbers in these chimneys to take out the pollution that goes out of the chimney and it's meant to have all kinds of other pollution features in it and those features haven't been put in so technically this power station if it produces one kilowatt of electricity it's outside its license conditions and the national energy regulator and the department of environment should be sued because they are not doing their jobs by allowing this power station to produce electricity and we were told that electricity from this power station would cost
approximately here we were told that it would the power the price of electricity would go for 50 cents to one rand and that would be it that would be enough for escom to be cost reflective and now where are we
we stuffed
cost reflective is a misnomer it's a way of covering up so we know what we need to do we need to look after the environment i came along greta thunder came along our goal came along even barack obama in 2009 i was in america and i read about dream and dream was double renewable energy in america in four years barack obama's first term and then doubled it again in the second term but even if it doubled twice renewable energy still only represents about five percent of total electricity production in the world so still a long way to go but pouring 100 billion rand 100 billion dollars a year into convincing lawmakers to allow coal when there's other alternatives when we could have hundreds and hundreds of embedded 100 megawatt call power sessions to back up embedded solar and embedded wind an embedded biodigesters and embedded sewage mining
and decentralized systems that are uncorruptable incorruptible that clean up your karma that's when we going forward we're saying i can do it i want to do it i must do it
you know we go back right back to the beginning the very first slide you remember it all the way back then
paul sagan he said you're alive today for a reason you are by accident of fate alive at an absolutely critical moment in the history of our planet do something join forces together with your friends if you build your own pv system great if you join with 10 friends or you join with your community you can save 30 percent of your electricity cost and you can put electricity on the on the township next to you give them free electricity and still save 30 electricity costs when you have an abundance of electricity and you live next to the coast as we did in cape town you can desalinate water and cut save 70 of your water cost by desalinating the water when you bring your electricity costs down by thirty percent in your water costs down by seventy percent and you double or triple the availability jobs start being created your petrol price comes down your food price comes down your health goes up your quality of life goes up how many times do i need to say it
you're alive you have an opportunity to fix the planet you have an opportunity to tell your neighbors hey watch these videos
if i made a video about doing the chaka like a dance i'd have a million subscribers by now i'm not making videos about that making videos about the environment and how to fix the planet i've got 133 subscribers come on people help me to monetize my channel or get more subscribers then i can go spend more time i can make two or three videos a day instead of one video a day and write more books can do more free public speaking you can speak to more businesses more people by you helping me by spreading the word by sharing this by talking about it in your communities by talking about it in your synagogues in your mosques in your churches in your temples in your shrines
in your addresses in your businesses in your corporates in your soccer clubs in your football clubs in your rugby clubs in your hockey clubs
with your friends over a broadway barbecue at your golf club when you're playing golf with your friends you're talking about this about what we can do to solve our problem so we don't end up with this is what we're looking at today
this and this and this and this it's not necessary we do need to do some coal mining but not like this
not like this we want our health to improve we want our stress levels to go down we want our relationships to go up we want to spend more time with each other more social nearness but not in big buildings with legionnaires disease and all kinds of other respiratory problems in the buildings sick building syndrome look up legionnaires disease
we know what we need to do the aircraft carrier has just fired a shot across our ship's bow and said change course
and if we go back onto the original course the aircraft carrier will blows out the water and who's that aircraft carrier that aircraft carrier is god who's carrying us who will say i need to save my planet and if that means a billion people are gonna have to die and that's what i'm gonna have to do anything god wants to do that no that's why god is sending us humanity warnings and saying look after my planet look after your home look after your biosphere look after your land look after your creation
so your cost of living goes down so your health goes up
so you can live better
so you can become telepathic and instead of going on you know you know my spaceship to mars you can go to mars or you can go to arcturia or ignore any galaxy just by thinking about it you don't have to wear a visual headset vr headset virtual reality headset to go somewhere you just close your eyes and you boom you're there just like that beam me up scotty beaming up scotty is slower than your ability to go anywhere in the entire universe instantly
okay let's make it happen i'm looking forward to your interacting looking forward to your sharing i'm looking forward to your comments looking forward to your likes and shares and subscribes and tomorrow night we look at the next piece of the puzzle good night many blessings to all and good evening good morning good afternoon wherever you are in the world thank you for watching
good evening good morning good afternoon everybody today we've got quite a long video to make and we now looking at projections that were made in the past so we've looked at where we came from and how we got to this point and now we have to look at what did s com tell us what did utility tell us that we were going to do in 2008 and where are we now in over here somewhere 2019 2020 2021 2022 so in 2022. so escond told us in 2008 that they would deliver cordflay and they told us they would deliver quote flay in 2008 but actually it happened in 2010 so it means that all of this gap here is the potential electricity that was lost then in about 2008 s-con the utility told us that in 2012 they would start bringing madupi and kusile and ingula online so you've got over here the first point where you've got two units on hadoop for one and a half gigawatts and one unit of angular pump storage for 388 megawatts that's 2013. actually nothing came online then we have a year later 2014 madupi one unit comes online kusile another coal power station two units come online and in ghula three units come online and what actually happened nothing a year later 2015 we told that madoopi another two units will come online could see lay one unit will come online what actually happened one unit came online but as we know from past experience with escom started finding problems and then we're going to look at a slide which shows what s-com problems what they found in 2013. i don't want to get into it now but even though one unit of 800 megawatts came online because of the problems they've been having they're only at about 40 efficiency which means under half of this 800 megawatts about 350 megawatts is online and it's not online all the time that's why we're load shedding but now that's 2015. 2016 we told that one unit of madupi will come online two units of casino will come online okay what actually came online one year tomodopi that's from there in ghula three units came online and that's palm storage and that was in 2016 and angular should have been coming online 2014. saying gullah was 12 was two years late and then we have um the last crusader by here by 2016 madoop is complete and by 2017 kosile is complete according to the baseline that was set in 2008. now unfortunately escom moved the baseline so you'll see that they say in 2016 they say we brought the two units online as per the baseline but they don't tell you that the original baseline when they produced the project in 2008 after spending about five years on the drawing board and they said it's going to cost 79 billion rand and then when they produce it it's 250 billion rand so now if i come to you and i say to you i'm gonna sell you something for seven thousand rand okay and when you pay for it it's twenty five thousand rand you're not going to be happy suppose i tell you something's gonna be seven thousand dollars okay and i delivered you three years late and it's 25 000 you're not going to be happy okay so here we are so now we have actual so now you can see that theoretically and this i did in 2019 it's a bit out of date but you can see as at this date we expected everything to be complete by 2022 as it is now we're expecting everything to be complete by 2025. so then what i did is i took this information this is the baseline the red line blue line sorry the blue line is the baseline and the orange line is the actual and i said what's the value of this gap so let's go and look at how i calculated the value of the gap let's go and just look at the value of the gap first over here the value of the gap is 40 trillion rand so this is a thousand that's a million that's a billion that's a trillion 39 million million or 39 trillion rand and that's the v80 okay so now i'm going to show you how i produce this now this is conservative and it's only based on the dupian kosile what was meant to be delivered on time and there was also meant to be something by now called coal three so madoopi cole won kusile cole 2 cole 3 whatever they were going to quote it they haven't given it a name yet plus a whole bunch of other stuff was meant to come online gas was meant to come online renewable energy was meant to come online 30 percent of the grid was meant to be in private ownership by 2010 we're now in 2022 that hasn't happened let's go and see how i got this number so if this is conservative and it's 40 trillion then my my budget says that it should actually be 100 trillion now you imagine that the the economy is 100 trillion rand behind where it should be 100 trillion rand over the past 10 years is a lot of money if we go and look for example at let's go and search here south africa gdp long term okay let's go say trillion grand you'll see we get data trading economics okay and we're looking at these numbers it's got 10 years okay we've got 10 years so these are not being very helpful but here we go so 301 us dollar billion multiply by 16 5 trillion now we go back to this and we see here that
we're talking about potentially 10 billion year loss imagine if south africa's economy was three times as big as it is now and the reason that it's not three times bigger is because of late delivery of power stations and late delivery of power stations means late delivery of water and late delivery of water means late delivery of food and late delivery of water and electricity means late delivery of transport fuel
or no delivery means people are stealing railway tracks because they want to eat but we need the railroad tracks to transport goods around but people are so fixated on what they're going to eat tonight they're stealing railway tracks they're sitting infrastructure and this is because of the failure of our government and unfortunately and this is maybe a horrible thing to say but i'm going to say it in any case and people can blast me whatever you want to do that the south african government has given blacks a bad name because they employ they're doing nepotism and they're employing black people who are incompetent but who are brothers and sisters and calling in favors but i mean i've met very competent i work with ninety percent of people that i work with are coloreds blacks indians asians other people who are formerly disadvantaged who all competent capable wonderful people
and you look at the government the south african government employing imbeciles and you know giving blacks a bad name but blacks are good people they're competent they're capable i was lucky to be on a train from new york to toronto one year 1987
and i met a i was sitting in economy next to a black man across the table from when we started talking and it turned out that he was a director of kodak kodak was the world's biggest photographic company at the time they actually invented the digital camera but then didn't do anything with it we can talk about that as a different story and i spoke to him about black people and my what happened with me in south africa and my experience and he said to me that there are so many competent people but because of nepotism and because of politics so many incompetent people are put into power and they give black people a bad name and we need to fix that black people need to fix it white people need to fix it we need to put the right people in the job we need mentoring we need transfer we need knowledge transfer i want to show you the spreadsheet that makes this so what did i say i said in 2006 okay the baseline we were expecting 800 megawatts 2007.80 megawatts 208 that's the same 800 megawatts okay and not additional and then in 2010 we were expecting another 800 megawatts oh sorry no this sorry this is the baseline this is the actual and then baseline in 2013 we're expecting two seven two six megawatts we still on 800. 2014 6134 we start on 800. 2015-8522 and so on until we get to 2022 we're expecting 11 and a half gigawatts and we've got 9 300. so the graph is not up to date but you get the idea then what i said is that a normal call power station runs at 92 percent efficiency that's what it's meant to be but for this graph i said let's make this 50 let's make actual efficiency 50 and we could change this to 76 percent which is what the overall system efficiency should be according to south africa so that s com long term has managed to achieve 76 percent it's never managed to achieve 92 not in the last 30 years in any case okay but in a first world country you know china and so on brics countries you would expect the coal power station to be running at 92 percent efficiency 92 percent uptime and i'm saying let's assume that it's at 50 so based on kilowatt hours we take 800 megawatts we multiply by a thousand to get kilowatts we multiply by efficiency okay in this case i'm doing 92 which is what we should have and then i'm multiplying by 24 and 365 which gives us kilowatt hours per annum then i'm saying s com selling price in 2009 rans okay and that's com actual selling price and i'm getting potential rans which i'm saying is that number times one round two so escom should have made 1000 million 6.5 billion rand and because they were expecting 800 megawatts and at zero the lost income or 6.5 billion rand so now if the cost of unserved energy is 65 000 which is also conservative so this means for every kilowatt hour that s com make and sell for one rand there's 65 random economic benefits in the economy some people say it's much higher than that but i took 65 to be conservative again and i said okay we multiply
the baseline by the economic value and we get 419 billion rand that's lost economic income lost vat and we get the totals and we do it the next year we have the same the next year the same the next year the same now we get some actuals so now what i did is i said okay we've got 6.5 billion we meant to have we've got 3.3 coming in we have lost income of 3.2 we have total lost income of 29 billion and we add those together and we get actual 200 then we add everything together we get 1.8 trillion lost and we get 244 billion lost v80 and then we extrapolate that all the way to the end where we hit in 2022 40 trillion and if we extrapolate that further to when we expect the power stations we finished in 2025 we even hear 2028 i've got that as expected completion by then we're at close to 60 trillion round of lost economic activity and 7.7 bill trillion rand of lost vat and this is conservative so in actual fact take the 60 trillion and multiply it by three okay and for the 15 years since jacob zubin came into power and since this whole wrecking ball started south african economy has lost potentially 200 trillion rand like i said before that's not just 10 trillion a year anymore that's closer to 12 or 13 trillion which means for the south african economy could be four times bigger than it is now and if you want to know where the rest of the economy is well we export coal we export call to china and israel and europe and other parts of it so they've got power stations running then we export uranium we export titanium we export southern africa exports copper we export diamonds and we report them we don't have enough benefit we don't have enough smelters to take our raw materials iron ore we export massive amounts of iron ore a lot of it goes to australia where it gets made into finished products and we get the metal coming back but on the west coast we've got our own foundry which is meant to be producing rolls of pig iron for local and consumption and export and then it's meant to be carted around south africa on railways but unfortunately railways have been stolen one could call the current generation in south africa the stolen generation but you can imagine according to statistics the anc government have stolen one trillion rand over the past 12 or 13 years but if they had done their jobs and they'd employed competent people the south african economy would have produced another 200 trillion rand possibly another 20 or 30 trillion round of v80 and we would have full employment and in fact we would be importing people from all over africa maybe the world because we'd be growing we'd be one of the fastest growing countries in the world possibly growing as fast as china at 15 to 20 per annum and at the moment our gdp we've actually been in a recession for the past 12 years because our gdp growth has been less than our population growth so you can think with inflation gdp growth is always going to be positive it's very unusual that gdp growth will be negative but gdp growth is positive and but if population growth is faster than gdp growth then gdp per capita is coming down that's why we feel poorer that's why it feels like when i was i'm 58 now it felt like when i was 35 i had a lot more money i earned a lot less than i did now do now but my cost of living was was a lot less and although the government says inflation's five percent per annum my inflation and maybe your inflation is closer to fifteen to twenty percent per annum if electricity is going up by fifteen percent and water is going up by fifteen percent and food's going up by fifteen percent and transport going up by fifteen percent then my inflation's fifteen percent everybody's inflation is different if you don't if you're one of 30 40 billion people in south africa who don't have income and you get grants and you get a lot of freebies like free education free housing in many cases free transport or subsidized transport free medicine free health which i'm which taxpayers are paying for it's all free then your inflation is zero and that's why in south africa's inflation is only five percent but my inflation between 15 and 20 for 20 years and that means that i've had to find a new way of working because i can't increase my pay by 20 per hour it's impossible the only way i can do it is to be invested in bitcoin or something outrageous and as you've seen over the past few years we've had something called the south sea bubble go look up the south sea bubble i'll write it here for you let's go here
south sea bubble go read up about the south sea bubble in a when a graph goes vertical you can stay in if you want to but get out
people got greedy and they invested and some people have lost a lot of money some people have made a lot of money my long-term projection for bitcoin let's go and look at that quickly and then we can end let's go and say let's go to luno okay and you go and look at here we're at 338 000 rand okay and if we go look at the last week you'll see that um we started over here at 360 355 000 and now we're here and if we look at month it's going down we look at eur it's going down we look at all time look at this it's trending slowly slowly slowly up and by the time we get here 35 000 rand then it goes quickly up and down 2018 and then there's the stratospheric here and stratospheric term to the million okay and now we're back down here and everybody's crying because it came down but look at the long-term trend the long-term trend where is it for me i put the long-term trend at five thousand dollars sixteen times five eighty thousand rand i put the price at eighty thousand rand so i'm expecting the price to come down at least another fifty percent before it starts stabilizing and i'm not a market commentator and i'm not a banker and i'm not in bitcoin at the moment because i've i got out when it started doing this it's too much for me i'm not i'm not buying and selling i'm not doing this harder thing hodl have you heard of that
there's this new thing there used to be hold and then they created h-o-d-o and i thought it was a mistake if you go and look up hodl h-o-d-l holding
model
hold on for dear life i mean really hold on to dear life suppose you bought it a million it took your life savings they bought one bitcoin at a 983 000 okay and you're holding one for dear life and it's not 400 000 and you could have sold for 800 000 when it came down 20 and lost 200 000 of your income but now you've lost 600 000 and how long is it going to take to get back to a million look it could happen tomorrow but remember my opinion is that the price should be 100 000 rand now and yes bitcoin will keep going up keep going up but now it's not going up it's going down so this whole thing is what i call the south sea bubble and you can go and look at another website called kitko
and you can scroll down in kitko
here's exchange rates let's just go to crypto yeah bitcoin dollars
okay
you can see this is the short term but we can make the graph and change the graph to let's say three months look at the graph started there now here so over three months it looks really terrible over six months looks really terrible you're at a date looks really terrible one year wow it started there 35 000 and now it's 20 000 so in a year it came down from 35 to 20 15 000 over 35 how much is that half but it went from thirty thousand to sixty five thousand so if you bought here and you sold there you you doubled your money of course if you bought one it was a thousand rand which was say a hundred dollars and you sold when it was 70 000 from 100 to 70 000 is a massive increase but if you bought over here at 51 and then it went to 17 you're holding on for dear life and it's now here maybe you should have sold when it got here at the same price you paid and not hold for dear life i i fundamentally disagree with that and then let's just look at all okay so you can see that where we are i've got this funny graph i don't know how to change it i'm not quite sure about how the graph works but you can see that it started down here and it went up and now it's coming down but the long term trend is this curve here and if i take the long term trend here you can see i'm at that 175 000. that's what i believe the price should be that's my own opinion it's not financial advice
i wonder if we can find out one more thing here so tech share price
if we've got a salt tech share price history graph okay it's not right now but if we can find it share price history
okay we'd have to get it for the whole long term but like it's only showing five years but soltec was a company that went from like two rand a share to 75 rand a share and i bought your grenades 40 vandershed went to 75 and a share wow it's great and then it came down to 60 and then i sold so i made a little bit i did i'm not a big investor maybe 5 000 rent maybe made 2 000 rand but the share price dropped out of existence and if you're holding for dear life and you bought it 40 and you could have sold at 60 after the share price dropped 20 you know then you made some money but if you if you held it till now you lost your whole investment
i know that there's this thing about you want to save money you want to save tax and so on because if you buy and sell you can be seen to be a trader but if you buy for the long term and the share price goes up up and then it drops 20 and then you sell and then you wait for it to stabilize for a year or two and then you buy again you can't be seen to be a trader it's not like you're doing hourly trades or daily trades or weekly trades you're not doing that you're just protecting your investment and if you buy at 40 and it drops to 20 and you sell and you lose that bid in the middle then okay you lost a little bit you lost 50 of your investment you didn't wait until the bottom dropped out and lost everything
and everybody's trying to be like warren buffett which is nice but warren buffett is a different kind of investor because warren buffett is buying the whole company
just trying to go back there
present let's go there there let's go back to here so warren buffett is buying the whole company he's got control over the entire company so he's in for the long term you can't compare yourself you buying a milli percent of a company you're taking a thousand rand or a thousand dollars and you're buying apple you've got no control but if warren buffett buys into apple or whatever he will buy a controlling stake that's who he is and he controls what they do and he gets the financials at 8 o'clock every morning and he looks at them and he's got a team of people that you don't even know about he's probably got 10 000 people working for him looking specifically at how the company is doing that he's invested in where they're going giving him feedback you know maybe he lives in his little house in omaha and he's got his persona and he's a long-term investor but he's investing in a different kind of way when he bought boxer atherway which was a textile factory and that started him off he started off saying i'm buying boxer hathaway and i'm going to be a long-term investor i'm going to hold it forever but he hasn't boxed hathaway it's not the same textile company that he bought 50 years ago and all the other thousands of companies that he's bought along the way are not the same companies anymore because he makes sure that they have the best directors the best people the best resources the best pay and by doing that he gets the reward it's like crystal visa when he had wadi basson working for him i'll end with this christopher included this guy why'd he burst on and um he let's go to here
christopher employed widely by swan and there was a period when wadi bazoon made like half a billion rand bonus and people said to krista what's going on how can you pay the ceo of shoprite etc a half a billion round bonus and christo said well you know he made me five billion this year and i gave him a bonus so that's because crystal visa owned the whole company or the majority shareholding and his share value went up and he personally maybe sold a billion of shares and gave half to whitey and yes of course he made mistakes because you know about steinoff that everybody makes mistakes even geniuses or maybe especially geniuses because the thing about people like christo and me and other people is we're always looking at possibilities always starting startups always trying new things always prepared to take risks and see where we go so my cat's just saying hello joey and it's a good time to end i hope you've enjoyed tonight's show and i hope you understand that if you employ and if you if you have nepotism look you can have nepotism because you employ your family look at the look at the queen of england her family has been ruling for a thousand years so there's nothing wrong with families ruling if they're competent i mean the queen of england and the royal family they send their kids to the best schools they send them to the best universities they also go to the military and get a military education which means they get nice rank and beautiful uniforms you know so they can be commanders and generals admirals and so on we can admire them
so they get the best possible education and therefore they geared and and and brought up to be in that position able to do those things maybe you and i didn't have that kind of education but some people do i know someone is a taxi driver he owns a taxi he owns 120 tax he started off as a taxi driver he sent his kids to bishops to the top school and that means that those kids got a fantastic education and they're all doing incredibly well one of them works for him and helps him in his business you see you have these opportunities and if you look at the long term then you can do incredible things thank you and bless you and good
