Category Archives: Finance

Business, Finance

Finally, Someone Else Noticed

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The past 2 days have been brutal to the stock market and everyone’s investment and retirement portfolios.  Wednesday the Dow dropped 831 points.  Today it dropped 551 points.  You may see a recovery tomorrow, which is known in the biz world as, “the dead cat bounce“.

A Reuters reporter penned a piece that said this sell-off can be blamed on fund managers and MACHINES. You can read the piece HERE.  Golly, someone noticed.

Let’s take a trip in the “wayback machine”.  Over 2 years ago, I wrote that the SEC needs to fix the stock market system by eliminating 2 things, short selling and high frequency trading (automated market transaction done by MACHINES). You can read my piece HERE. I pointed out that the SEC made some fundamental changes in trading rules in 2007 that may have led to the “great recession of 2008”. These changes let MACHINES crash the economic system.

And in August of this year, I wrote a warning piece about the Chinese developing Artificial Intelligence, which could be used to control all the world’s economic systems, using MACHINES. You can read that HERE.

The systems can be fixed BUT since big money talks, I predict that NOTHING WILL CHANGE.

Culture, Finance

What Is Best?

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According to CNBC the US is way behind European countries as the “best” place to retire. The US ranks well back in 16th place. The NUMBER ONE place to retire is SWITZERLAND according to the CNBC article. You can read the amazing article HERE.

As someone who is semi-retired, I had to look up some numbers as Switzerland does not in my book seem like the “best” place to retire.
Here are some figures.

Housing. You’d better have more than the average retirement savings that most people in the US have put away. A 900 square foot apartment will put you back a cool $1,000,000.00 !!! A million buck$ for less than 1000 square feet of living space. Sounds pretty “best” so far.

Food. Eating is quite the bargain in Switzy. A meal at an “inexpensive” restaurant will only set you back about $25. How much food can you buy at Denny’s for $25? Once again quite the “best” bargain. A meal for TWO at a “moderately” price establishment will only set you back $103.00. Like the birdie said, “Cheap, cheap, cheap”. Okay forget dining out, how about some good home cooking. A gallon of milk will cost you $6. Not much more than milk at Walmart for $2. $6 isn’t that much more than $2 is it? A dozen large eggs is only $5.61. Again Wally has them for $2.67. Not too much more is it?  Once again very “best“.

How about some TRANSPORTATION? A Toyota Corolla over there is only a bit more than $26,000.00. A Corolla here in the states is right around $19,000.00 if didn’t haggle and paid full MSRP. $7,000.00 MORE for a car is just another drop in the “best” bucket.

Taxes. Here’s a cool thing about living in Switzerland. They tax you on your wealth. You pay taxes on everything you own INCLUDING money that you’ve saved. Here in the US you’ll hear the progre-sissies screaming about capital gains taxes benefiting the rich. Capital gains taxes are taxes on EARNINGS and NOT on the PRINCIPLE (money you’ve saved). The Swiss fix this problem by taxing on both PRINCIPLE AND EARNINGS, every single year. If you’ve saved $100,000 and you had 5% growth, here in the US you only owe taxes on $5000.  In the “best” Swiss system you get taxed on every single penny of your savings,  the $5000 in earnings PLUS your $100,000 in savings, EVERY YEAR.  Makes your nest egg smaller and smaller every year.  Pretty good deal, right?  This is to prevent EVIL WEALTH ACCUMULATION by fiscally prudent people. Tax all wealth to give away to everyone. Wealth redistribution.  Wait isn’t that one of the “best” idea with DEMOCRATIC SOCIALISM?

Is CNBC promoting “FAKE NEWS”? Nah, that can’t be.  They’re a “real” news agency.  They wouldn’t lie to us.  They’re all the “best” reporters without a socialist agenda.

Business, Culture, Finance, International

What Could Go Wrong?

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“… AI (Artificial Intelligence) could be the worst event in the history of our civilization“, Stephen Hawking.

Hawkings speculated that computers can emulate the human brain and could potentially bring new solutions to global problems. Cancer treatments, pollution control, increased production, more efficient farming, weather prediction, and a host of other benefits. But Hawkings warns that if unchecked and unregulated AI can also be used for nefarious purposes. “It brings dangers, like powerful autonomous weapons, or new ways for the few to oppress the many.”

Let’s take stock of who is developing AI and some of their motivations

The Overlords at Google are spending big on developing Artificial Intelligence. They were early on funded by the US Department of Defense, The purpose was to help sort through all the intelligence data collected worldwide to help the military in their constant battle against evil forces. Here’s where it gets weird.

The employees at Google had a hissy fit and protested to Google management, that they didn’t want their work to be used by the United States DoD, even though we tax payers paid for the products they developed. In conjunction with this protest of the United States gaining benefits from Google AI, Google, invested BILLION$ of dollars into an AI campus in, take a guess, China! Now China doesn’t allow businesses to exist in that country unless the Chinese government has access to the technology. So in effect, Google WON’T help the United States defense but they WILL happily HELP THE CHINESE government and in turn the CHINESE MILITARY.

Here’s another THREAT that is UNNOTICED as we spend all of our time and energy worrying about Russia. I believe that the Chinese PLAN to dominate the United States without firing a single shot. The Chinese plan to dominate the WORLD’S economy and stranglehold ALL COUNTRIES. AI has the potential to give the Chinese exactly what they desire. How? Right now the BIG MONEY is in owning the “Crystal Ball” that allows you to dominate in trading, whether it be in equities, commodities, or currency. Whoever owns the market OWNS THE WORLD.  Sounds like an evil Bond villain, but this boogie man is REAL.

Here’s an example of said “Crystal Ball“. Hillybob Clinton took $1000 in 1979 and in 10 months amassed $100,000 trading in cattle futures. Analysts say that the odds of such a gain by a novice trader would be 1 in 31,000,000,000,000. That’s one heck of a “Crystal Ball“. Okay Hillybob’s “Crystal ball” was most likely “insider information”. Now if the Chinese can figure out how to use AI to tap into “insider information” or figure out trends with certainty, they will use their “AI Crystal ball” to win the WORLD ECONOMIC LOTTO in a grand scale. If the Chinese can consistently beat 31 TRILLION to 1 odds using AI, they would end up controlling all of the WORLD’S FINANCIAL MARKETS.

Europe is talking about regulating AI, but do you think that the SECOND LARGEST ECONOMY IN THE WORLD gives a crap what the Europeans regulate?

While the FAKE NEWS media is screaming “Russia, Russia, Russia!”, I believe that the Chinese are quietly working on taking over the WORLD by controlling all the money.

BOHICA