Posts Categorized: Jim’s Mailbox

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There is no greater risk economically or terminally to mankind other than robots when driven by Artificial Intelligence. This is not sci-fi, but the end of times.

Jim

 

Jim/Bill,

Greed is good?

People:  Greedy for stock profits.

Amazon:  Greedy for bottom line profits.

55,000 robots to be added this year, on top of the already 45,000 added prior year!

Wait until the next recession hits!

Keep buying Amazon stock folks.  Help them help you lose your job.

CIGA Wolfgang Rech

About That Plan For Amazon’s Second Headquarters: How Long Will Those Jobs Last?
December 22, 2017

Amazon added 55,000 robots this year as the company’s human workforce declined by this staggering amount. Here’s the details…

 (Natural News) Any time the topic comes up of using robots for logistics, warehouse workers are told there is no need to be concerned because robots cannot completely replace humans. While we’d all like to believe that’s true, the 24,000 workers who have found themselves redundant at Amazon as its robot workforce grows would surely beg to differ.

According to Quartz, Amazon has added 55,000 robots so far this year. This is a marked increase over the 45,000 robots they had at the end of last year. At the same time, they’ve had a decline of 24,000 human workers. Is it just a coincidence? Experts don’t think so.

According to projections by Quartz, machines could end up making up 20 percent of Amazon’s total employee base by year’s end. This is part of the reason the company is so successful and that its investors are so pleased, but it’s a far different story for those who work there.

It’s not just Amazon workers feeling the pinch, by the way. Retail workers in industries that compete with Amazon, such as bookstores, are also expected to drop in number by one percent year-over-year in the first yearly decline noted since the year 2009. It might sound like a tiny fraction, but it accounts for 170,000 job losses.

The highly efficient robots used by Amazon far outperform humans. According to CNBC, one human Amazon worker needs an average of 90 minutes to find a particular product and then package it, while robots can bring that time down to just 13 minutes.

Cities vying for Amazon’s new headquarters

It’s interesting to note that 238 cities have bid to be the home of Amazon’s second headquarters. The firm will choose a location next year, where it says it plans to invest $5 billion in construction and create as many as 50,000 jobs over the next 20 years.

That all sounds great on the surface, but just how long will those 50,000 jobs last? After all, the firm has already invested more than $775 million to deploy robots that can automate the work done by humans in warehouses. Are these cities that are so frantically bidding for the new headquarters – some of which are turning to ridiculous stunts to get attention – keeping this fact in mind?

Quantitative futurist Amy Webb told Business Insider: “We know that Amazon is working full bore toward automation and isn’t planning on having humans in its warehouses forever. If you were to model this out using the data we have, how probable is it that 20 years into the future that HQ2 is still employing humans?”

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Jim/Bill,

Yes, it’s only toys.

But why?

Look at the underlying premise:

There’s tons of money sloshing around, looking for a home.

And it will eventually come around to bite us in the ass.

Already, fine art auctions are setting all time record highs;  housing is at, or at least near, record highs.

Ever go out and try to buy halibut, salmon, steak, or even chop meat?

And how them veggies.  Record high prices.  So much for healthy eating!

Then again, you can still get pasta for $ .70 a pound.

What the pasta price.  When that rises, it’s game over.

CIGA Wolfgang Rech

Hyperinflation Watch: Last Minute Christmas Shopping (Star Wars Edition)
December 21, 2017

They may still be available if you act now, just don’t say we didn’t warn you when you see a comma and five digits (to the left of the decimal point)…

On the latest installment of the hyperinflation watch, we feature some last minute gift ideas for the holiday season.

Who needs an ounce of gold when you can have the Millennium Falcon:

Now you may be thinking: But that’s just some re-seller gouging the price?

Nope. Take a closer look. That’s Lego itself hawkin’ the goods…

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Jim/Bill,

“This could be WORSE than Watergate!”

JB

Sen Rand PAUL Calls For Investigation Of OBAMA CONSPIRACY To Steal Election
December 22, 2017

Over the past few months, the clear thinking legislators who recognize the increasing likelihood of a conspiracy to, through the abuse of power by Obama officials, tilt the election to Hillary Clinton have been members of the House.

With the exception of occasional mentions by Senators Ted Cruz, Charles Grassley and Rand Paul, the Democrats, never-Trump establishment and RINOs have been virtually silent in expressing any support for President Trump.

They have kept time with the constant Democrat chants of Russia, Russia, Russia despite the lack of any evidence in an attempt to be objective and open minded, or to at least appear that way, as the Democrats do their seditious dirty work.

Now Senator Rand Paul has stood up and spoken out against the railroading of our President by the anti-American globalists and their attempted coup. Senator Paul sent out a tweet on Thursday saying, “Time to investigate high ranking Obama government officials who might have colluded to prevent the election of @realDonaldTrump! This could be WORSE than Watergate!”

Those high ranking officials, if they are complicit in treason and abuse of power as the evidence has long overwhelmingly indicated they are, would include the illegal alien who was squatting in the White House. He a guy who, through Susan Rice, micromanaged every military firefight from the White House in order to assure minimal enemy casualties. Nothing happened in Obama’s fiefdom without his full knowledge and approval. He donated the first Million to Fusion GPS through Perkins Coie.

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We are familiar with this as “planned obsolescence” here in the States CIGA GG…

Bill

Apple Just Admitted It’s Slowing Down Older Iphones — But Says It Has A Good Reason For Doing It
December 20, 2017

Over the past few months, people have discovered that older iPhones curiously become faster after the battery is replaced.

That, of course, has fueled conspiracy theories that Apple slows down older iPhones when a new model comes out. Data from a top iPhone benchmark developer published earlier this week seemed to confirm it.

But Apple explained on Wednesday why iPhones with older batteries might have lower peak processor performance.

It turns out that Apple is limiting how much power an iPhone processor can draw in certain circumstances, therefore limiting the processor’s peak performance.

But it’s not to make older iPhones slower — it’s a new feature to help prevent them from suddenly turning off.

Here’s Apple’s full explanation, provided to Business Insider by a representative:

“Our goal is to deliver the best experience for customers, which includes overall performance and prolonging the life of their devices. Lithium-ion batteries become less capable of supplying peak current demands when in cold conditions, have a low battery charge or as they age over time, which can result in the device unexpectedly shutting down to protect its electronic components.

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Jim/Bill,

I thought the wonderful thing about Crypto currencies is they were hack proof…..amazing! Will be interesting to see reaction of people as this joke gets hacked a few more times on different platforms…let’s see how the sheep react then. I’m sure we’ll get some excuse from the people pumping these digital pieces.

CIGA David

Crypto Traders Spooked After Korean Bitcoin Exchange Files For Bankruptcy
December 19, 2017

A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. This spooked Asian investors who sold Bitcoin (and other cryptos).

As The Wall Street Journal reports, Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency trading and filed for bankruptcy after its systems were hacked in the predawn hours of Tuesday. The exchange trades 10 virtual currencies including bitcoin and ethereum.

Yapian said in a statement that the latest security breach caused it to lose 17% of its total assets. The company didn’t specify the type of virtual currencies that were stolen or the financial value of its losses. In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m to cyberthieves.

Users of the exchange with digital coins in their online accounts were told by Youbit on Tuesday that they could withdraw about 75% of their cryptocurrency for the time being. The remaining balances would be returned after the company goes through bankruptcy proceedings, it said.

It said it was “very sorry” that it had been forced to shut down.

Once again however, the dip in BTC is being bought off the lows…

Ethereum had surged overnight (touching almost $900 in overnight trading) but was also sold on the Korea news…

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Michael with some sage advice!

Bill

Bill/Jim,

Never argue with a guy with an excavator.

https://www.chonday.com/27827/excaargur5/

CIGA Michael

 

What is the difference between any Banana Republic and the present USA?

The answer is location. Courtesy of JB.

Jim

Judicial Watch Files Amicus Curiae Brief Urging Federal Court to Unseal Depositions of IRS Officials Lerner, Paz in Tea Party Targeting Case
December 18, 2017

‘[T]he IRS continues to this day to withhold from the public in Judicial Watch’s main IRS case … email communications with Lois Lerner and/or Holly Paz …’ – Judicial Watch Amicus Brief

(Washington, DC) – Judicial Watch last week asked a federal court to unseal the depositions of Lois Lerner, the former director of the Exempt Organizations Unit of the Internal Revenue Service (IRS), and Holly Paz, her top aide and former IRS director of Office of Rulings and Agreements. Both played key roles in the targeting of conservative nonprofit groups opposed to Obama policies in the run up to the 2012 presidential election.

The request came in an amicus curiae brief filed with the U.S. District Court for the Southern District of Ohio, Western Division supporting NorCal Tea Party Patriots’ class action lawsuit seeking the unsealing of the depositions (NorCal Tea Party Patriots, et al. v. The Internal Revenue Service, et al. (No. 1:13-cv-00341)). The depositions were sealed by a federal judge after Lerner’s and Paz’s lawyers claimed the two were receiving threats. Judicial Watch’s brief argues that the documents sought may shed light on government misconduct, and the shielding of internal government deliberations does not serve the public’s interest.

Judicial Watch details how the Lerner and Paz depositions may significantly impact ongoing Judicial Watch lawsuits seeking information about misconduct of government officials in the IRS targeting scandal:

In addition to the revelation of IRS employees’ conduct in the emails uncovered, the records obtained by Judicial Watch [in the course of its FOIA investigation] also sparked investigations into Lois Lerner’s emails and IRS’ failure to preserve thousands of emails that were potentially relevant to the various investigations about the IRS’ treatment of conservative groups. While the federal government has now admitted that the targeting “was wrong” and “for such treatment, the IRS expresses its sincere apology” the IRS continues to this day to withhold from the public in Judicial Watch’s main IRS case … email communications with Lois Lerner and/or Holly Paz …

Lerner was actively engaged in the attempted cover-up of IRS misconduct. In July 2016, Judicial Watch revealed that both Lerner and Paz, knew the agency was specifically targeting “Tea Party” and other conservative organizations two full years before disclosing it to Congress and the public. They also knew donor lists of tax-exempt organizations were being used to target those donors for audits.

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I would not rule our weak dollar. Strong equities, strong gold. Courtesy of GG.

Jim

Three Charts That SCREAM “Inflation” In 2018
December 18, 2017

The financial system is preparing for an inflationary shock.

The single best means of measuring inflation vs deflationary forces in the US financial system is the TIP to Long-Treasury (TLT) ratio. When this ratio rallies the system is predicting inflation. When it falls, the system is fearing deflation.

Running back to 2010, we’ve been in a long-term deflationary downtrend on this ratio.

This deflationary pull has dragged down the entire commodity complex over the same time period.

But this is about to end. In the short- term, the TIP:TLT ratio has MASSIVE support at current levels. And given the clear descending wedge pattern it’s formed, the odds are favoring a sharp breakout to the upside sometime in early 2018.

This is going to ignite a HUGE rally in commodities and other inflation hedges. Our big theme for 2018 is INFLATION. And we’re already producing numerous winners from this trend.

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Courtesy of JB.

Jim

Gold EFPs: Absolute Proof That Paper Gold Is A Fraud
December 18, 2017

IRD’s Note:  In the past year, there has been a noticeably substantial  increase in the use of the obscurely defined EFPs (Exchange for Physicals) and PNTs (Privately Negotiated Transactions) in the settlement of Comex gold and silver futures contracts.  In simple terms, the EFPs and PNTs enable the counterparties  a Comex futures contract or LBMA forward to settle the contract in an acceptable form other than the actual physical commodity as required by the contract specifications (e.g. one gold futures contract requires the delivery of a 100 oz. gold bar as qualified by the Comex).  As an example, the counterparty that is required to deliver gold under Comex contract terms can deliver a comparable dollar amount of GLD shares if the counterparty standing for delivery agrees to take delivery of the GLD shares.

The EFPs and PNTs plunge the Comex operations into even greater opacity – likely intentionally.  In all probability, the EFPs and PNTs are used to bridge the gap between the amount of gold (silver) that needs to be delivered and the amount of gold (silver) that is available to be delivered.  The settlement of the contract occurs outside of the Comex.  These contract settlement devices further enable the ability of the western Central Banks to execute the successful manipulation of the gold (silver) price.

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In recent months, the issuance of gold Exchange for Physical (EFP) contracts has surged. EFPs convert a physically deliverable Comex gold contract into an LBMA or LME contract supposedly deliverable at a later date ex London and/or Hong Kong. As an incentive for Comex contract holders to accept EFPs, a cash bonus reportedly is paid. EFPs in silver are also being issued in vast quantities, but we will focus on gold for brevity.

Most gold market observers believe that EFPs are a Comex gimmick designed to prevent, or at least forestall a formal Comex delivery failure. We believe the full story behind the EFPs is more complicated and disturbing, and that it involves collusion, conspiracy, and fraud.

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Courtesy of GG.

Jim

“Dark Money” Runs the World
December 15, 2017

Few people know financial markets’ biggest secret…

For the last 40 years, most people believed the stock market always goes up. Simply buy and hold long enough, the theory went, and you could sit back and watch the money accumulate in your account. No thought or hard work needed.

It was a nifty strategy — until the idea burned most investors in 2008. Almost a decade later, the scar tissue is still fresh for many investors.

Even today, after the U.S. stock market has rallied by 271% since the bottom on March 6, 2009 — nearly tripling investors’ money — only about half of Americans are invested in the stock market, according to NPR. That’s down from two-thirds compared to a decade ago.

The rest are in cash on the sidelines. Maybe that’s been you.

And who can blame you? “Fool me once, shame on you,” the saying goes. “Fool me twice, shame on me.”

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The time has come to begin the splash of the many private crypto currencies, so as to give birth in time to a single crypto, which is only tradable between central banks as a new reserve currency to replace a dethroned dollar. Courtesy of JB.

Jim

U.S. Top Diplomat Calls For Release Of Two Reporters Arrested In Myanmar
December 15, 2017

UNITED NATIONS (Reuters) – U.S. Secretary of State Rex Tillerson said on Friday that the U.S. government has demanded the release of two Reuters reporters being held in Myanmar.

Reuters journalist Wa Lone, who is based in Myanmar, is seen in this undated picture taken in Myanmar. REUTERS/Stringer

“Our local representatives at the mission in Myanmar, at the embassy, are expressing our concerns over the detention of individuals, demanding their immediate release or information as to the circumstances around their disappearance,” Tillerson told reporters.

Myanmar’s information ministry said on Wednesday that the reporters faced charges under the British colonial-era Official Secrets Act, though officials have since said they have not been charged.

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Bill Holter’s Commentary

Courtesy of JB.

 

Courtesy of JB.

Jim

Arrested Saudi Prince’s Business Empire Apparently Collapsing
December 13, 2017

The Kingdom Holding Company, founded by Prince Alwaleed bin Talal, has lost nearly a fifth of its value since its billionaire owner was detained last month as part of a Saudi nationwide anti-corruption campaign.

According to Forbes, the value of the Riyadh-based conglomerate fell $8.5 billion, shrinking the tycoon’s net worth by two billion dollars to $16 billion. Prince Alwaleed reportedly owns 95 percent of Kingdom Holding.

The company has more than $12.5 billion under management globally and “enjoys a solid financial position underpinned by a prudent and conservative funding plan,” according to the chief executive Talal Al Maiman.

However, any meaningful activity by the corporation has been halted in Alwaleed’s absence, according to unnamed Saudi bankers, as quoted by the FT. Local and international banks are so concerned over the arrest that they reportedly put on hold one billion dollars in loans to fund the acquisition of a 16 percent stake in Saudi Fransi Bank from Credit Agricole, planned by KHC.

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Courtesy of GG.

Jim

ISIS Jihadis Have Left Syria And Are Heading Back To Europe To Mount Terror Attacks, Says Captured Militant
December 12, 2017

A former Islamic State militant captured after the fall of Raqqa says that jihadist fighters have left Syria intending to travel to Europe to launch attacks. 

Saddam al-Hamadi, 26, was arrested by Turkish security forces last month after exploiting an evacuation deal designed to free civilians. 

He was detained as he reached the Turkey-Syria border. 

But the ex-ISIS fighter has warned that extremists planned to use the chaos of the fall of Raqqa to travel to Europe.

A threat issued by Islamic State on its channels showing a bloodied knife with the Eiffel Tower and a Christmas market in the background and the caption, ‘Soon in your holidays’

 

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