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December 12, 2017 - 2:55pm
The latest short film from Jonathan Roth discusses the advent of the blockchain, where it goes next and how the technology will impact every single human being on the planet.
Featuring investment powerhouses like Frank Giustra and Frank Holmes, as well as mathematician and finance entrepreneur Marco Streng:
The blockchain will disrupt nearly every industry from purchasing groceries to heating your home... everyone from banking to government is racing to develop the technology.
Watch the full movie:
December 10, 2017 - 11:35am
Authored by Charles Hugh Smith via oftwominds.com
Whatever commoditized robots can produce is no longer profitable; rather, the production destroys capital.
Yesterday I discussed how robots only do work that's profitable, as any enterprise buying, programming and maintaining robots to do unprofitable work will soon be out of business.
December 9, 2017 - 1:10pm
Anyone keeping track can add Craigslist to the list of companies getting involved in Bitcoin mania, as the online marketplace recently began allowing sellers the ability to indicate that they will accept cryptocurrency when advertising goods or services through the online marketplace.
December 9, 2017 - 9:15am
Authored by Charles Hugh Smith via OfTwoMinds blog,
Robots are only cost-effective in the narrow niches of commoditized tasks.
In the view of Universal Basic Income (UBI) advocates, substituting robots for human labor will not only free virtually all humans from working, it will also generate endless wealth because the robots will be doing almost all of the work.
December 7, 2017 - 11:37pm
Following hopeful survey data and ADP data, today's Challenger, Gray, and Christmas job cuts data is deplorable. A 30.1% surge year-over-year is the worst November since 2012...
The sectors with the largest job cuts in November were Healthcare, Consumer products, and Services.