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Author Topic: Economic Devastation  (Read 504809 times)
TPTB_need_war
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September 01, 2015, 03:22:06 AM
 #1941

Government dictatorship is one of the very ugliest set of scenarios facing us.  I hope TPTB's project is a step on the long & hard road to eventual freedom.

It will be a mixed bag. There won't be an absolute solution in any direction. Again diversification.

By leading the way for more people to be productive with a scalable crypto currency, we will be laying the ground work for humanity.

This is a our duty as well as our profit.  Grin

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September 01, 2015, 07:02:33 AM
Last edit: September 01, 2015, 07:42:04 AM by macsga
 #1942

The trend towards future population reduction is already well underway. It seems likely that further population reduction will occur spontaneously as a byproduct of the status quo.    
http://www.economist.com/news/21589151-crashing-fertility-will-transform-asian-family-baby-boom-bust


I concur with all points; to add to this one you've just posted, it's a bit harsh to observe that the well educated, mentally evolved and intellectual population won't give birth to children. Instead we observe that humans from the third countries that have eliminated human rights to women, are using them as birth machines, literally filling the place with their children.

Let me clarify here that I'm not xenophobic and don't really care if I the child that's being born is German or Pakistani for that matter. I do have problems with the disability of the poor parents to give their children the necessary education, instead of just adding more members and thus making the family poorer. Certain religions (not pointing fingers here) are specifically targeted towards spreading more off-springs rather than making quality ones. Pluralism vs quality = 1-0.

Last but not least, if you're baffled with the situation in EU (and elsewhere) that is now filled with Syrians, Palestinians etc, who were forced out of their homeland, think about it this way: Which is harder to control? An educated person that speaks 4 languages and have a university degree (or more) OR 100 immigrants that will practically do anything in order for their children to survive within a foreign country?

Chaos could be a form of intelligence we cannot yet understand its complexity.
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September 01, 2015, 11:02:18 AM
 #1943

Government dictatorship is one of the very ugliest set of scenarios facing us.  I hope TPTB's project is a step on the long & hard road to eventual freedom.

It will be a mixed bag. There won't be an absolute solution in any direction. Again diversification.

By leading the way for more people to be productive with a scalable crypto currency, we will be laying the ground work for humanity.

This is a our duty as well as our profit.  Grin

are you elite family insider
TPTB_need_war
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September 03, 2015, 02:51:28 AM
 #1944

2015.75 - 309.6 = 1706.15.

Let's see what happened during the pivotal, rare year 1706:

http://www.hisdates.com/years/1706-historical-events.html

Crap. Nothing happened.

So much for Martin Armstrong's cyclical analysis.

That should be 2032.95 - 309.6.


Before you comment, make sure you are not ignorant of the subject matter.

https://en.wikipedia.org/wiki/1723

Also if you are looking at what happened at the same juncture before the turn in the 309.6 year cycle:

https://en.wikipedia.org/wiki/1706

What was happening around that time was the Enlightenment, fall of monarchies and the birth of the new world America, the nation-states, and the Industrial Age.

https://en.wikipedia.org/wiki/18th_century

https://en.wikipedia.org/wiki/Great_Frost_of_1709

Now we are looking at the fall of the nation-state and birth of a global village and Knowledge Age.

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September 03, 2015, 03:03:41 AM
 #1945

Just how low do you think interest rates would go — negative 20%? Come on. This is a 5000-year low in interest rates so we will have to flip out to the upside. There is no choice in this regard.

Again I reiterate what I wrote upthread and ask all of you to email Armstrong. Does he really think there is a 5000-year cycle and interest rates will be trending up instead of down for next 5000 years?

Obviously usury finance is dying. And I explained why in the Economic Devastation thread.

This is another reason that crypto currency is going to change the world. It is all part of the this massive 309.6 year shift mentioned in my prior post.

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September 03, 2015, 06:29:59 AM
 #1946

http://hackaday.com/2015/09/02/save-wifi-act-now-to-save-wifi-from-the-fcc/
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September 04, 2015, 02:26:21 AM
 #1947

...

History does not repeat, but it does rhyme (Mark Twain).

Sidney Homer "wrote the book" on the history of interest rates for the past 4000 years, not an easy read:

http://www.amazon.com/History-Interest-Fourth-Edition-Finance/dp/0471732834

I wonder if Armstrong has looked that far back?  (I do not know)
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September 04, 2015, 02:31:05 AM
 #1948

I wonder if Armstrong has looked that far back?  (I do not know)

Ahem do you even read what I write?

Again I reiterate what I wrote upthread...


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September 04, 2015, 02:34:51 AM
 #1949

...

Been on vacation, amigo.  Did not mean to irk you.

I DO wish I still had my copy of S. Homer's book.  A master of detail, even more do that Reinhardt and Rogoff's book on financial crises (over the past 800 years).
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September 09, 2015, 06:59:48 AM
 #1950

I am still wishing many of you would raise this point with Armstrong. I am tired of emailing him.

Again to reiterate the emphatic point I made upthread, the elephant in the room that Martin Armstrong is apparently missing is that the 5000 year low interest rates and deflation is because we are shifting into a Knowledge Age wherein most of the old world capital is dying because knowledge creation can't be financed with usury. The bubble in government debt is because most people in the world haven't moved forward to the Knowledge Age and the boomers are still living in the 1950s:

http://www.armstrongeconomics.com/archives/36934

...

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September 12, 2015, 01:53:52 PM
Last edit: September 12, 2015, 09:33:47 PM by CoinCube
 #1951

Then plan B is just to use tax havens for them.

They hardly pay any taxes, I watched a video lately talking about a clever scheme where businesses report 0 profits and turn all money into subsidiaries in other coutnries ,which then they pay back in royaltee fees, at an agreement of 0.5-1% tax with the local tax agencies.

It is a clever tax avoidance (not necesarly evasion) scheme. And while they pay 0.5%-1% ,we pay 50-75% taxes.

Fortunately this whole economy will collapse soon, and hopefully by then everybody will pay 0% taxes.

I agree wealth will increasingly seek to hide by moving into tax havens in other countries. It will also be increasingly hunted. Pressure applied in the name of shutting down tax havens will be one more tool to drive political consolidation and weaken the nation state. Those running from the tax man will increasingly be identified, caught and punished. Options for legal evasion like you mentioned above will be shut down or restricted to a even narrower elite.

Tax havens that survive will likely be rare and limited to select jurisdictions where citizenship is hard to obtain. These areas are likely to be funded by income taxes (there will likely be no escape for wage earners anywhere)
In these havens citizens will likely be exempt from inheritance, capital gains, and wealth taxes. This will allow the billionaire class to safely run their interests from afar.

The lesser wealthy will be increasingly consumed via taxation in their home nations. The coming wave of socialism and public anger will drive most of them back into the ranks of government dependents. This will serve the purpose of sating public rage, destroying potential local opposition, and further undermining the economics of nation states thus increasing the dependence on debt that will soon be issued by bodies and governed by laws under the jurisdiction of those same tax havens.

Rather then spontaneous collapse. I believe the proper model is that of controlled demolition.

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September 12, 2015, 02:01:57 PM
Last edit: September 12, 2015, 02:43:44 PM by TPTB_need_war
 #1952

CoinCube it is going to be interesting to see to what degree that ominous potential you describe plays out (you draw a lot from some themes I have popularized on these forums).

I am still working hard and hoping for a more widely and rapidly adopted Knowledge Age. Thinking the Asians are poised to adopt my new software coming. I am over here in Asia and ready to market to them. Think new social networks accepting micropayments (remember I coded an entire such site in April and have it on standby, etc). I don't think they give a flying fuck about Bitcointalk.org.

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September 12, 2015, 10:01:22 PM
 #1953

CoinCube it is going to be interesting to see to what degree that ominous potential you describe plays out (you draw a lot from some themes I have popularized on these forums).

Absolutely, in addition to drawing a lot from your work especially your essays linked in the OP I have also benefited from pages and pages of sometimes bruising back and forth debates across numerous threads where I did not always emerge with the upper hand.  Cheesy

That's why I put my predictions on page 98 of a thread dedicated to exploring your overall premise.

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September 14, 2015, 02:27:24 PM
Last edit: September 14, 2015, 02:49:56 PM by TPTB_need_war
 #1954

This is my first exposure to UK politics today. But I can clearly see a lackluster reaction to this speaker compared to Corbyn:

https://www.youtube.com/watch?v=WTTXh9NG6Dg

What is the difference. I see it. Corbyn speaks idealistically about "a better world by being respectful of betterment and each other". He represents the starry-eyed youth takeover that AnonyMint predicted. Remember AnonyMint's research into the generational cycle of change which is quoted below.

Corbyn is very dangerous. This will become an ideological movement of the Hero generation of the youth. The high unemployment due to the shift to the Knowledge Age is the problem. Too many kids taking up useless liberal arts degrees.




Brand’s excoriation of the political class felt to many like a breath of fresh air. But while Brand’s humor-infused brew of Marxism, anarchism and New Age spirituality may seem like the mere rantings of a rebellious entertainer who frequently refers to himself as a “Jungian Trickster,” I would argue he represents a more dangerous omen.

The Occupy Wall Street “movement” (if there ever was such a thing) – and emerging generations of young Americans more generally – is being led by Brand and other pied pipers away from practical reality and into an illusory “world of pure imagination”. What in 2009 had the makings of a New Deal-oriented mass strike upsurge is being steered off course by Wall Street interests in a rehash of 1968.

I did some research on Tue May 01, 2012 6:36 am (quoted below) on the Long Wave Cycle (a generational cycle) which predicts the above effect. The youth will take over after 2032, and the kind of world they will create will be one of extreme idealism. This is FDR New Deal style of dangerous. This will launch big government on a bigger scale than we had ever seen before, i.e. "international cooperation" as code word for loss of local sovereignty. The youth will put in place the U.N. Agenda 21 with a gleam in their eye as they are trained and indoctrinated now to believe for example that man-made global climate change hoax is real and is a real problem.

Here follows the research, and I urge everyone to study this carefully.


I haven't verified whether this long wave cycle principle repeats throughout history, but I assume he has, since he said he spent 10 years perfecting it:

http://www.longwavegroup.com/principle/lefi_map/lefi_map.php
http://www.youtube.com/watch?v=58qtcPst2OI

I had read an article that ties this cycle into generational cycle attitudes. I am trying to find it, as I think it explains a difference in world view between Boomers, Gen X, and Gen Y.

===========
Okay I found it:

http://en.wikipedia.org/wiki/Strauss-Howe_generational_theory#Defining_a_generation
http://www.financialsense.com/contributors/james-quinn/2011/11/03/bad-moon-rising
http://www.financialsense.com/contributors/james-quinn/the-gathering-storm

Code:
 	    Prophet      Nomad        Hero         Artist
High    Childhood Elderhood    Midlife      Young Adult
Awakening   Young Adult  Childhood    Elderhood    Midlife
Unraveling  Midlife      Young Adult  Childhood    Elderhood
Crisis      Elderhood Midlife      Young Adult  Childhood

High = Spring
Awakening = Summer
Unraveling = Fall
Crisis = Winter

Prophet = Boomers (born 1946 - 1964), 40 percent of the workforce
Nomad = Gen X (born 1965 - 1979), 16 percent of the workforce
Hero = Gen Y (born 1980 - 1994), 25 percent of the workforce
Artist = Gen Z (born 1995+)

Boomers = vision, values, and religion (loyalty, idealistic, entitled)
Nomad = liberty, survival and honor (survival, pragmatic, alienated)
Hero = community, affluence, and technology (order, righteous, protected)
Artist = expertise and due process (continuity, flexible, overprotected)

Some links on different attitudes between the current generations:

http://www.reliableplant.com/Read/2431/boomers-generations
http://jojackson.suite101.com/veterans-baby-boomers-gen-x-gen-y-and-gen-z-a185353
http://www.enotes.com/soc/discuss/what-different-characteristics-generation-x-e-90271

I made some interesting comments here:

http://relativisticobserver.blogspot.com/2012/03/hackers-part-3.html?showComment=1335903496830#c239549748064135439

Quote
I presented the generational research in the Transparency blog, which explains why we are not going to agree on the use of the government to enforce values:

http://relativisticobserver.blogspot.com/2012/04/transparency-way-of-future.html?showComment=1335900204476#c1703906618219560883

At least we can be rational about understanding why we have different political philosophies.

We Gen X did not grow up entitled. We have to struggle on our own to get where we are. We don't feel entitled, and thus we are not stakeholders in the society that the Boomers built. We trust the free market, because that is what we were dealing with on our own. Social security won't be there for us. The boomers took more than all (debt every where). We've had to scrap and negotiate hard to get some. And instead of giving back to us now the peace of individual freedom that we want, they want to put their value system on us (which will continue to escalate the wars).

So there is conflict ahead.

The Heros are going to rebuild new institutions and fighting the wars to tear down the current corrupt ones. We Nomads are caught in the cross-fire and just trying to find a way to not get squeezed out. Thus we have no choice but to discard the social contract, as it won't be rebuilt in time for us.

http://relativisticobserver.blogspot.com/2012/04/transparency-way-of-future.html?showComment=1335900204476#c1703906618219560883

Quote
So now we can understand why boomer's (you) politics are loyalty, enforcing idealistic values, and maintaining entitlements.

And Gen X's (me) politics are liberty, pragmatic survival, individualism (honor), and distrust of values and institutions. I am libertarian anarchist. So trying to convince me that the entitled state should enforce values, is like me telling you that we should privatize the government.

Fascinating.

It explains why we are going to disagree about any political/social topics, such as Hackers, Transparency, media's role in society, etc..

===========
Some useful tables (although I think this deviates in some cases from the generational theory in the prior comment):

http://www.financialsense.com/contributors/james-quinn/2011/11/03/bad-moon-rising

The Boomers (elders) and Heros (youth) are archtypes and will be at odds. Boomers will judge them to have threatened values (remember the Heros are protected), yet ironically the above link claims the Boomers did more drugs, volunteered less, have lower college education, and higher teen pregnancy than the Heros do.






...

If the people can't win on a local level, then it means any proposed solution will be supporting loss of local sovereignty. You simply can't amass resources collectively and avoid the corruption of the power vacuum of democracy. Understanding Mancur Olson's (in his book The Logic Of Collective Action) thesis is fundamental to understanding where we are and are headed:

http://esr.ibiblio.org/?p=984 (Some Iron Laws of Political Economics)

Thus you see the ultimate outcome of this country-by-country uprising is to turn over control to those who have the levers of control (over the power vacuum) in the wider-scale collective, e.g. the USA, EU, Russian bloc, subservient Asia bloc (China).

And you can thus see it will culminate with war and then ending war with socialist "international cooperation". I refer readers to my prior post about the Long Wave Generational Cycle, and how the youth will take control 2032ish after a widespread chaos, and they will be indoctrinated with "international cooperation" themes (from their state schools, facebook, mass media, etc) such as the man-made global warming hoax.

So the end game of all of this is reset of the global order, discrediting local sovereignty, and awarding control the wider-scale globalists who will have the youth movement in their back pocket, just as they did in the 1960s in the USA.

And so tell me there isn't a globalist agenda and it is all just random chance that such as global order outcome is inevitable?

Now is there any other possible solution? Yes there is, and that is anonymous crypto-currency to defund the globalist beast. But this won't scale fast enough to derail the beast entirely. It can displace a portion of the beast.

So what is really happening in a bigger picture perspective? I explained this is the death of passive capital. The globalist beast is moving to higher economies-of-scale, because it is being made irrelevant by the death of the Industrial Age and the rise of the Knowledge Age, see following linked explanations:

https://bitcointalk.org/index.php?topic=355212.0
https://bitcointalk.org/index.php?topic=495527.msg6103426#msg6103426
https://bitcointalk.org/index.php?topic=557732.msg6077596#msg6077596 (read all my posts from this one going downthread)

We have two competing yet coexistent trends. The political-industrial passive capitalists (fascists) are consolidating power because their paradigm is an economic dinosaur which is being displaced by the competing trend. The competing trend is the rise of individual knowledge and power to reach the market and produce directly from one's brain (and computer).

So on the one hand we will see a rise in consolidation of global hegemony, Orwellian technocracy, and multi-national corporate fascism and massive decline in economic production, while only the other hand we will see the 'hackers' (the broader definition meaning knowledge worker) break away in a sub-economy and we will see much chaos and rapid economic growth in this subspace.

...

Quote from: Armstrong
Now, this is the sequence of events. Yes, you can create a conspiracy and say Goldman, CIA, and Safra all coordinated together to accomplish this. But the more likely than not truth, it is a sequence of independent events one step at a time that cascades into a mess they never foresaw.

Then please explain why Goldman has its tentacles throughout the EU fuckfest. You even noted that the creation of the EU was designed to be flawed. Is that random? No! It was by design.

Quote from: Armstrong
This is where the conspiracy buffs go wrong. They create false images of all-powerful groups that mysteriously manipulate the world for purposes that vary between world dominance to just greed. They cannot see that these are separate groups colliding and at times fighting among each other.

Martin you understand statistics. What is the probability of that level of integration by Goldman due to random orthogonal events and greed. ROUGHLY ZERO.

I am tired of this nonsense. Armstrong is smarter than this. I don't know why he can't do some actual research and overcome his confirmation bias. Obstinance?

Quote from: Armstrong
I do not see how it is possible to have some unified secret group that everyone agrees and extended for hundreds of years. This is inconsistent with human nature.

Because there is a power vacuum of democracy and it must be filled. You should understand thermodynamics.

This vested interest binds them together, because they can't win control of that power vacuum otherwise.

This is entirely consistent with nature.

Quote from: Armstrong
Now look at Ukraine. These conspiracy theorists just have to denigrate the people and presume it is some CIA plot so nobody cares about them. The people are incidental to them and incapable of rising up on their own. They deny human nature exists yet yell there is some all-powerful group to which I am blind. To them, the American Revolution and French Revolution are propaganda and the people were never capable of rising up on their own. They not only fail to understand politics yet claim to know everything about it without ever stepping behind the curtain to witness anything.

Armstrong is conflating orthogonal issues again. I am empathizing with the plight of the Ukrainians, but there is nothing we can do to help them, because we would be merely fighting for the elite and helping the manipulation. The only way for Ukrainians to win is either to have armed themselves with a gun under every blade of grass like in the USA, or for some technological solution to come which enables them to side-step (opt-out) of the power vacuum of democracy, i.e. defund the taxation and political-industrial complex.

And those prior revolutions were also manipulated for outcomes which favored the elite. We would need to get into a deep study of history to debate that, and I don't have time right now. I do believe there was more chaos at that time, because communication and travel was slower thus the chance we see now with anonymous crypto-currency was instead at the time taking the form of distance from the powers-that-be in Europe in the case of the American Revolution.

Quote from: Armstrong
These people project nothing but speculation connecting dysfunctional groups and linking them to statements of David Rockefeller to justify as proof. This idea of a one world government would eliminate war is stupidity. But it was behind the drive to create a Federalized Europe. Nevertheless, that is not proof that some group controls the world.

Armstrong also has nothing but speculation, at least I have provided volumes of evidence.

The difference now is that global technocracy is a reality and they can track everything. You bring the idealistic youth onboard and they will create an EU style fuckfest "international cooperation" for the entire world. And Rockefeller et al will have achieved their Agenda 21 consolidation of control and power over taxation and issuance of debt.

Quote from: Armstrong
There is no political system that has ever lasted intact because there is a correction process that comes from the grass-roots that we call – REVOLUTION.

The only effectual physical revolution you will be seeing are the zombie idealistic youth for "international cooperation", after the global war and chaos from 2016 to 2024 or 2032.

This globe has been shrunk by technology. The only remaining frontier for freedom is cryptography. Armstrong has a dinosaur perspective and he needs to correct this pronto!



"Protester Paul Connor sits on the lawns of Parliament House on day 34 of his hunger strike calling for climate change action, on Dec. 10, 2009, in Canberra, Australia."

...

It doesn't even matter if there is a mastermind or not, the reality is Armstrong doesn't even identify the main trend in place, which is not just taxation but rather subjugating sovereignty to the collective on a wider scale as I have explained.

Quote from: Armstrong
They refuse to consider what if there is nobody actually in charge? What happens when all of these conflicting self-interests collide? Historically, you get revolution. That is the only way this will be resolved.

And now finally I understand why Armstrong doesn't get it. He thinks the revolution will be physical. He hasn't realized the world has shrunk due to technology, and physical revolution can't overcome the great powers and the global technocracy. These revolutions will all be manipulated by the great powers.

The revolution and frontier is cryptography. I've been trying to tell him this for several months.

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September 23, 2015, 07:08:46 PM
 #1955

Interesting long-term economic charts here starting on page 25:

http://www.bankofengland.co.uk/publications/Documents/speeches/2015/speech797.pdf#page=31

The interest rate chart on page 31 lies to our eyes. The x-axis is non-linear and crams all the history before 1575 A.D. into a very small space, and the chart does not reflect the difference between maximum and minimum rates, nor reflect a weighting due to capital concentration.



Armstrong again exhibits that he has the most thorough and accurate databases of world history as follows. Armstrong's more accurate chart imparts a different conclusion, which is that interest rates are on an inexorable decline. I have related this to the empowerment of individual human knowledge and thus the reduction of importance of usury in the economy.



Below Armstrong related lower interest rates to greater confidence where capital can concentrate. Or let's put it another way, where capital doesn't have to fear return of capital. But either way, what is capital concentration? Capital concentration is an excess of savings w.r.t. to those activities which require financing. Again this is the advancing individual knowledge age where as production requires less fixed capital and more individually accessible knowledge creation and creativity, then finance concentrates in excess because the economy is very productive but at the same time needs less and less finance. So as I have pointed out, we are not only headed to the death of Western governments and the concomitant Industrial Age, but also the death of nomimal interest rate returns on monetary savings. Since productivity can increase significantly in the Knowledge Age over what we had in the Industrial Age because of the greater degrees-of-freedom which is potential energy (see how in the above linked PDF, productivity increased from 0.1 to 1% per annum upon the dawn of the Industrial Age), then savings will gain purchasing power without earning any interest. The era of loans is coming to end.

http://www.armstrongeconomics.com/research/a-brief-history-of-world-credit-interest-rates/3000-b-c-500-a-d-the-ancient-economy

Quote from: Martin Armstrong
A history of credit and interest reveals one major trend that has been consistent through all time. The stronger an economy the lower the rate of interest. Interest rates are always at their lowest level internationally when capital reaches its point of maximum concentration. This normally results in a strong currency and high levels of confidence in general.

Interest rates also remain substantially above world rates in nations where confidence is low. Currently, this is true for South and Central America as well as in most third world nations. This observation does not arise merely from the events of today. Even during the days of Babylon, we find the same variance in rates with the lowest rate dominant in the strongest economy, which was the center of the Babylonian Empire. However, interest rates were usually much higher in neighboring nations which at times were more than twice those in Babylon. As the decline of Babylon came about during the fourth and fifth centuries B.C., interest rates soared with minimum rates reaching around 40% on silver loans. During the sixth through ninth centuries B.C., silver loans in Assyria and Persia were often in the 40-50% range.

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September 25, 2015, 01:13:41 PM
 #1956

Others recognizing the Second Computer Revolution I had identified and the Knowledge Age I had identified.

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf

Quote
We are entering a time of momentous societal shifts
brought on by advancements in software. According to Erik
Brynjolfsson, Council Vice-Chair; Director, MIT Initiative on
the Digital Economy, Massachusetts Institute of Technology,
USA, and a prolific author: “Now comes the second
machine age. Computers and other digital advances are
doing for mental power – the ability to use our brains to
understand and shape our environments – what the steam
engine and its descendants did for muscle power.”
These changes will impact people around the world.
Inventions previously seen only in science fiction, such as
artificial intelligence, connected devices and 3D printing,
will enable us to connect and invent in ways we never
have before. Businesses will automate complicated tasks,
reduce production costs and reach new markets. Continued
growth in internet access will further accelerate change.
In Sub-Saharan Africa and other underdeveloped regions,
connectivity has the potential to redefine global trade, lift
people out of poverty and topple political regimes. And
for many of us, seemingly simple software innovations will
transform our daily routines. These changes are not without
their challenges; as technology improves the lives of many,
we hope to help prepare people to understand and address
concerns on privacy, security and job disruption.

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September 25, 2015, 07:29:48 PM
Last edit: September 25, 2015, 07:46:58 PM by TPTB_need_war
 #1957

Fascinating, clarifying chart from (or derived from) the Oxford study I had often cited up thread (which predicted 47% technological unemployment by 2020 - 2030[1]):

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=22




Thus we can see that Computers & Engineering are mostly immune to the coming technological unemployment. Although Healthcare, Legal, Education, Community Service, and Finance are mostly immune, they will be downsized with the peak in socialism and government upon us. At least those areas will have a future in Asia to some extent.

The general categories most susceptible to replacement by computerization and automation are:

Transport
Production (i.e. factories)
Office and Admin
Sales
Service
And some management (who managed the above)

[1]http://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf#page=44

Quote
According to our estimates
around 47 percent of total US employment is in the high risk category. We
refer to these as jobs at risk – i.e. jobs we expect could be automated relatively
soon, perhaps over the next decade or two.

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September 26, 2015, 05:47:48 PM
 #1958





I still dont understand why you think interest rates are going down naturally.

Don't you realize that interest rates are going down because the printed money is causing the debt to be unsustainable. Of course interest rate will go to 0 or below if the debt payment is going to be a huge burden on the public tax system, or private income system.

Both government debts, as private debts are in unsustaninable levels, so the interest rate has to go down to not cause massive defaults.

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September 26, 2015, 11:53:46 PM
Last edit: September 27, 2015, 12:19:03 AM by smooth
 #1959





I still dont understand why you think interest rates are going down naturally.

Don't you realize that interest rates are going down because the printed money is causing the debt to be unsustainable. Of course interest rate will go to 0 or below if the debt payment is going to be a huge burden on the public tax system, or private income system.

Both government debts, as private debts are in unsustaninable levels, so the interest rate has to go down to not cause massive defaults.

That doesn't really make a lot of sense. Printed money would make the debt easier to repay. Something else is causing deflation that the printed money is unable to stop.

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September 27, 2015, 12:43:34 AM
 #1960





I still dont understand why you think interest rates are going down naturally.

Don't you realize that interest rates are going down because the printed money is causing the debt to be unsustainable. Of course interest rate will go to 0 or below if the debt payment is going to be a huge burden on the public tax system, or private income system.

Both government debts, as private debts are in unsustaninable levels, so the interest rate has to go down to not cause massive defaults.

That doesn't really make a lot of sense. Printed money would make the debt easier to repay. Something else is causing deflation that the printed money is unable to stop.



The money printing is causing the debt...

Each printed money is increasing the debt, so to avoid exponential debt increase, the interest rate must go to 0 (or even lower if the economy cant support it) to avoid default.

Plus the printed money ends up in the stock market and derivatives, its not paying back any of the debt, because it cant, it's paying only the interest on it. The total debt is always bigger than the total money supply, so by definition it's unpayable.

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