In The News Today

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A Trip Down The Rabbit Hole Of Insanity In The Markets
November 11, 2017

Today one of the greats in the business spoke with King World News about how he traded the U.S. stock market crash in 1987 and the Japanese stock market bubble in 1989, what to expect in the gold, silver and mining space as well as what investors can do to stay sane and keep their cool as we come to the end of the greatest bubble in history.

Eric King: “Bill, when I looked at your Q&A’s recently, you expressed that you had been receiving a number of emails from frustrated people and (you pointed out that) sometimes that will be near an inflection point. People around the world are frustrated, and their frustration isn’t just the market action but the lack of reality.”

Fleckenstein responds: “Yes. Yes.”

Eric King: “What would you say to them?”

A Trip Down The Rabbit Hole Of Insanity

Bill Fleckenstein: “All you can say is, ‘This too will pass.’ And if I told them, for sure, that January 1st it was all going to change, people are so demoralized that wouldn’t even be good news to them because they would say, ‘I’ve got to endure this for another six weeks?’ People are very worn out, I think, that haven’t been participating in the central bank-fueled madness. And all these signs of that frustration are indicative that we are very late in the cycle. Look, I understand it is frustrating but we’re kind of near the end, and we are close to a moment in time when there will be a chance to make plenty of money doing things that seem sane as opposed to things that seem insane. But in between now and then you just have to be tough and suck it up.


Bill Holter’s Commentary

Everything is hackable…

Hackers Say They’ve Broken Face Id A Week After Iphone X Release
November 12, 2017

When Apple released the iPhone X on November 3, it touched off an immediate race among hackers around the world to be the first to fool the company’s futuristic new form of authentication. A week later, hackers on the actual other side of the world claim to have successfully duplicated someone’s face to unlock his iPhone X—with what looks like a simpler technique than some security researchers believed possible.

On Friday, Vietnamese security firm Bkav released a blog post and video showing that—by all appearances—they’d cracked Face ID with a composite mask of 3-D-printed plastic, silicone, makeup, and simple paper cutouts, which in combination tricked an iPhone X into unlocking. That demonstration, which has yet to be confirmed publicly by other security researchers, could poke a hole in the expensive security of the iPhone X, particularly given that the researchers say their mask cost just $150 to make.

But it’s also a hacking proof-of-concept that, for now, shouldn’t alarm the average iPhone owner, given the time, effort, and access to someone’s face required to recreate it.


Bill Holter’s Commentary

Maybe they just now heard about Fukushima?

Thousands of scientists sign ‘Warning to Humanity’ letter predicting an imminent apocalypse

More Then 15,000 Scientists From Around The World Have Signed A Terrifying Letter Warning Of An Imminent Apocalypse
November 13, 2017

The message is called “Warning to Humanity” and is an ominous vision of the grim fate awaiting our planet.


The scientists believe environmental impacts were likely to inflict ‘substantial and irreversible harm’ to the Earth

The message updates an original Warning from the Union of Concerned Scientists, which was made in 1992.

Now the global scientific community’s view of the future is even bleaker.

Apart from the hole in the ozone layer, which has now been stabilised, every one of the major threats identified in 1992 has worsened.

Runaway consumption of precious resources by an exploding population remains the biggest danger facing humankind, say the scientists.


Bill Holter’s Commentary

How much do you want to bet the next market meltdown is blamed on this?

Algorithms With Minds of Their Own

November 12, 2017

Everyone wants to know: Will artificial intelligence doom mankind—or save the world? But this is the wrong question. In the near future, the biggest challenge to human control and acceptance of artificial intelligence is the technology’s complexity and opacity, not its potential to turn against us like HAL in “2001: A Space Odyssey.” This “black box” problem arises from the trait that makes artificial intelligence so powerful: its ability to learn and improve from experience without explicit instructions.