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Dr. Armen Papazian, Monday, 2-10-14 February 11, 2014

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Dr. Armen Papazian, Monday, 2-10-14

http://archived.thespaceshow.com/shows/2184-BWB-2014-02-10.mp3

Your Amazon Purchases Can Help Support The Space Show/OGLF (www.onegiantleapfoundation.org/amazon.htm)

Guest:  Dr. Armen Papazian.  Topics:  Dr. Papazian presented his ideas and theories for investing in space based on wealth, not debt.  Please direct all comments and questions regarding Space Show programs/guest(s) to the Space Show blog, https://thespaceshow.wordpress.com.  Comments and questions should be relevant to the specific Space Show program. Written Transcripts of Space Show programs are a violation of our copyright and are not permitted without prior written consent, even if for your own use. We do not permit the commercial use of Space Show programs or any part thereof, nor do we permit editing, YouTube clips, or clips placed on other private channels & websites. Space Show programs can be quoted, but the quote must be cited or referenced using the proper citation format. Contact The Space Show for further information. In addition, please remember that your Amazon purchases can help support The Space Show/OGLF. See www.onegiantleapfoundation.org/amazon.htm.

We welcomed back to the show Dr. Armen Papazian to further discuss his innovative and groundbreaking money mechanics of space theory along with his having received the Alpha Centauri Prize Progenitor Award for his space economics work.  You can read more about the award, his theory and body of work at www.keipr.com.  Several times during our 1 hour 34 minute discussion, Dr. Papazian referenced his Cambridge University Business School Nov. 2013 presentation, “Our Financial Imagination and the Cosmos” which is at www.jbs.cam.ac.uk/media/2013/our-financial-imagination-and-the-cosmos.  During our first segment, Dr. Papazian introduced us to his space economic proposal which is to invest directly in NASA and space commerce by creating money through wealth, not by debt which is the traditional way of getting investment money into the banks to circulate it to industry.  As this theory may be difficult to understand, the first segment was devoted to describing how the system proposed by our guest would work, the use of Public Capitalization Notes (PCNs) rather than debt securities, and for the Fed to directly invest in NASA and the space industry about half of their monthly QE3 financial support going to the banking industry.  This would put abut $40 billion per month in the hands of NASA and the space industry as wealth investments, not debt.  Listeners asked our guest several questions to help understand the proposal, if the plan added to inflation, and to understand just how the PCNs would work.

In the second segment, we continued the discussion but listeners also wanted to know more about the plan which seems to bypass the banking industry.  Dr. Papazian explained that the banks were not bypassed but that the money would flow to them differently. Instead of from the Fed to be loaned out as debt, NASA and the businesses would get the funds direct as explained in the first segment and then the money would go to the banks in the form of deposits.  Remember that the banking industry leverages deposits with reserve ratios to increase their money supply to make loans so by the direct wealth investment in space, banks are still very much part of the process.  During both segments, we talked about the advanced technology regarding the space investments yet they were constrained by out of date financial methodologies and instruments.  Not only would this new space money mechanics increase space investment, it would also be used by NASA for more education.  Also mentioned during both segments was the traditional economic concept of scarcity.  Our guest spent lots of time debunking scarcity, especially with space given the vastness of the solar system, stars, all of space.  As you will hear, the reality of our environment is that it is not based on scarcity so why should our methods for creating money be based on scarcity.

Please post your comments/questions on TSS Blog per above.  You can reach Dr. Armen Papazian through me or his website.

Robert (Bob) Zimmerman, Tuesday, 12-3-13 December 4, 2013

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Robert (Bob) Zimmerman, Tuesday, 12-3-13

http://archived.thespaceshow.com/shows/2135-BWB-2013-12-03.mp3

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Can Help Support The Space Show/OGLF (www.onegiantleapfoundation.org/amazon.htm)

Guest:  Robert (Bob) Zimmerman.  Topics:  launch competition, commercial space, China, gov. space programs, budget issues.  Please direct all comments and questions regarding Space Show programs/guest(s) to the Space Show blog, https://thespaceshow.wordpress.com.  Comments and questions should be relevant to the specific Space Show program. Written Transcripts of Space Show programs are a violation of our copyright and are not permitted without prior written consent, even if for your own use. We do not permit the commercial use of Space Show programs or any part thereof, nor do we permit editing, YouTube clips, or clips placed on other private channels & websites. Space Show programs can be quoted, but the quote must be cited or referenced using the proper citation format. Contact The Space Show for further information. In addition, please remember that your Amazon purchases can help support The Space Show/OGLF. See www.onegiantleapfoundation.org/amazon.htm.

We welcomed back Bob Zimmerman for his Tenth Anniversary Space Show program!  During the first segment of this two hour two minute program, Bob addressed many issues and listener concerns starting with the SpaceX Falcon 9 GEO launch success & the looking back to his first Space Show program on Dec. 3, 2003.  He compared and contrasted his comments then to those today. He also blogged about this on his Behindtheblack.com blog at http://behindtheblack.com/behind-the-black/essays-and-commentaries/exciting-times-in-space.  Listeners expressed their concern about the Chinese space program, their recent lunar landing mission and the day when they can put a human on the Moon.  Listeners wanted to know if this would spark a new space race between China and the U.S.  Bob said no and I agreed with him for slightly different reasons.  However, one of Bob’s consistent and recurring themes (and tonight’s discussion was no different) is that he opposes large government space programs as he says they don’t work.  He provided much evidence for this during our discussion.  During this segment we also talked extensively about launch competition and the benefits from competition in the marketplace.  Listener Al asked about DOD space and if DOD might see the Chinese space program differently.  Bob also mentioned space property rights and he said the existing situation should change based on U.S. law as the model for commercial space to flourish.  There was more talk about the Chinese program which Bob was not too concerned about.  Listen for his reasoning.  John in Ft. Worth called in to also talk about the Chinese program and suggested at some point their success might just humiliate the U.S. into competitive action.  Neither Bob or I thought it was likely that anything would humiliate congress today.  John and Bob then had an interesting discussion on this subject.

In Part 2 of our program, Dr. Lurio called in to talk about being thrilled to the bone by the SpaceX launch and to comment on NewSpace & commercial space issues. Like Bob, he opposes SLS as a big waste.  Bob and Charles then talked about their distaste for large gov. programs such as what JFK created, again saying they don’t work.  Both wondered what space and other things would look like today had JFK not been assassinated.  Dream Chaser was mentioned, again as everyone’s favorite spacecraft.  Al emailed in again to point out the differences in the space perspective of seniors and young people.  Tim called in to mention the Code of Conduct issue with possible international launch standards and how this might hurt the developing US commercial launch business.  I mentioned a Business Week article saying the suborbitals are going to look to R&D flights for repeat customers which they definitely need. Here is the article: www.businessweek.com/articles/2013-11-27/spaceflight-companies-virgin-galactic-xcor-blue-origin-eye-r-and-d-clients.  Toward the end of the program there was more talk about SLS, NASA budget issues, the need to cancel SLS per Bob’s perspective, and economic risks posed to NASA’s planetary science program.  Bob closed out the program with his comments on Inspiration Mars and Mars One, plus a Von Braun comment from 1954 in which it was reported that he said it would take 100 years of research in space to travel to Mars.  Bob said its been 60 years so far and we do not have the capability to do a human flight to Mars today.  Lurio mailed in the last comment about the NASA press conference earlier in the day with his and Bob’s reading that the planetary program was all but dead financially.  The final comments dealt with SLS and the Redirect Mission which Bob completely discounted.

Post your comments/questions on The Space Show blog.  Contact Bob through his blog or zimmerman at nasw dot org.