Topic: Economic Devastation (Read 504811 times)
Cryptocurrency is a good alternative for investment. So you can protect yourself from any risks. In addition, there are other investment items. We can always invest money in our business, which, for example, grows products, or real estate investments.
Today, many analysts and economists have warned of an impending economic crisis, and although it will not be so global, this situation will affect many countries, because today there is already a decrease in the resource and raw materials market, because even heavy industry will suffer certain losses. In addition, given the fact that in connection with the epidemic in China, very large companies, such as Tesla or google, and many others are curtailing their production. This will also lead to a certain decline not only in China, but also in other countries. The only good news is that many businessmen, in order to avoid certain problems, are looking for alternative sources of investment, among which the demand for the cryptocurrency market has increased.
Investors are searching for alternative ways of investing their money.
However, Bitcoin and cryptocurrencies are not their main option when thinking of investments. They do not own the market and they are afraid of coming into it as they are going to lose their money easily.
I think every good investor will share the level of risk in his investment. they will not place their assets in one investment area, but in several investment fields with different portions, with high risk, of course less capital is invested, such as bitcoin, if the investor is not too sure about cryptocurrency
That is the last few years news.
If you mean I wrote those in roughly 2010, then correct. If you mean they are not still applicable, then I disagree.
A recent Oxford study predicts 47% of all existing jobs will be replaced by automation by 2033.
The socialism is rising globally simultaneously the number of technologically unemployed is increasing.
What will happen is the old world economy will confiscate most of the capital, thus destroying by redistributing it to the technologically unemployed, i.e. peak socialism. Yet this redistribution will never work out, because vested interests will steal it (e.g. see the QE now) and top-down is always dumb, e.g. ObamaCare requires men to have paternity insurance (which is only at its infancy and if we reach the Hitler stage the socialism will be culling itself due to lack of resources).
So the old forms of capital are dead-men standing. The millionaires will be wiped out.
Perhaps only those who can find a way to move their capital into knowledge and the new virtual knowledge economy will possibly cross the chasm ahead.
However, I won't say this is all absolute, there will probably be leakage and there might be many clever, diverse ways that humans cope, survive, and even excel.
I include Bitcoin in the old forms of capital because it did not address anonymity, currency distribution, and secure mining. Most readers think it did, because they haven't studied it deeply enough.
P.S. I am not affiliated with CoinCube in any way.
Edit: Martin Armstrong often quotes Herbert Hoover about international currency movement at that time of the early 1900s into the Great Depression.
Quote
"During this new stage of the depression, the refugee gold and the foreign government reserve deposits were constantly driven by fear hither and yon over the world.
We were to see currencies demoralized and governments embarrassed as fear drove the gold from one country to another.
In fact, there was a mass of gold and shortterm credit which behaved like a loose cannon on the deck of the world in tempest-tossed era."
Herbert Hoover Memoirs, 1952 Greatest Bull Market In History, p354
We were to see currencies demoralized and governments embarrassed as fear drove the gold from one country to another.
In fact, there was a mass of gold and shortterm credit which behaved like a loose cannon on the deck of the world in tempest-tossed era."
Herbert Hoover Memoirs, 1952 Greatest Bull Market In History, p354
Capital today is running hither searching for a safe haven and not finding one. Armstrong often says it was like re-arranging the deck chairs on the Titanic.
At that time, it was the technological unemployment due to the Second Industrial Revolution that kicked in with factories that accelerated the demise of the cottage industries in Europe, which thus caused capital from Europe to run around seeking a safe haven. It mostly ended up in the USA.
http://armstrongeconomics.com/2013/12/01/gold-hedge-against-making-money/
Quote
The USA was bankrupt in 1896 when JP Morgan lent it gold. After World War I and II, the USA had 76% of the total world gold reserves and that is what the dollar became the reserve currency. It was WAR and capital flows that made the dollar what it is. Europe became too socialistic after the wars and thus remained second-rate.
Just now a bank confirmed that they will be closing off their branches because at the end of the day most of the work have been done online and they are earning huge amount of profits.
The government won't be able to provide employment at all .
A person who is doing odd jobs does have an engineering degree , that is the truth of the society.
Soon enough everything will be replaced by fancy robots doing stuff which people were paid to do , this has happened in the past and it will happen in the future too.
Economy is soon going down , only the rich people will survive , this is unfortunate but it is the reality.
The goverment will just start the money printing press again. Dont worry!
Printing money is a simple method but very effective, because the majority of human always believe the value of fiat money, and even use fiat money as a unit of accounting
The beatings (by Bitcoin price) will continue until investor morale improves 
Today, many analysts and economists have warned of an impending economic crisis, and although it will not be so global, this situation will affect many countries, because today there is already a decrease in the resource and raw materials market, because even heavy industry will suffer certain losses. In addition, given the fact that in connection with the epidemic in China, very large companies, such as Tesla or google, and many others are curtailing their production. This will also lead to a certain decline not only in China, but also in other countries. The only good news is that many businessmen, in order to avoid certain problems, are looking for alternative sources of investment, among which the demand for the cryptocurrency market has increased.
Investors are searching for alternative ways of investing their money.
However, Bitcoin and cryptocurrencies are not their main option when thinking of investments. They do not own the market and they are afraid of coming into it as they are going to lose their money easily.
Today, many analysts and economists have warned of an impending economic crisis, and although it will not be so global, this situation will affect many countries, because today there is already a decrease in the resource and raw materials market, because even heavy industry will suffer certain losses. In addition, given the fact that in connection with the epidemic in China, very large companies, such as Tesla or google, and many others are curtailing their production. This will also lead to a certain decline not only in China, but also in other countries. The only good news is that many businessmen, in order to avoid certain problems, are looking for alternative sources of investment, among which the demand for the cryptocurrency market has increased.
The goverment will just start the money printing press again. Dont worry!
Today, many analysts and economists have warned of an impending economic crisis, and although it will not be so global, this situation will affect many countries, because today there is already a decrease in the resource and raw materials market, because even heavy industry will suffer certain losses. In addition, given the fact that in connection with the epidemic in China, very large companies, such as Tesla or google, and many others are curtailing their production. This will also lead to a certain decline not only in China, but also in other countries. The only good news is that many businessmen, in order to avoid certain problems, are looking for alternative sources of investment, among which the demand for the cryptocurrency market has increased.
I will take example with turing machin and OO programing, maybe it will be clearer what i'm talking about =) As the concept of entropy is quasi inexistant with turing machine, and like this we know we are not talking about something mystical
And i think it can interest also shelby because he is into this sort of problematics with language design lol
The problem is this conceptions from metaphysics to organize the world based on fundemental 'objects' with properties, and 'entelechy' , which is abtracted with the OO semantic of having class of objects with properties and 'entelechy' through the alteration of its state by its methods.
So far good, but then the problem is when you want to program interaction between all the different type of object that can be present in the world, with OO programming generally it become quickly a design problem.
...
Either you do a visitor class for each pair of objects, and then each time you add a new type of object, you need to add visitor class for all the combination that the new object can interact with, but it's still bogus from metaphysical point of view because it mean the interaction between the object are not contained in the object themselves, but applied from the exterior through a visitor class that visit the two object in questions.
...
This whole design of hard typed object make emergent property very hard to program and conceptualize.
...
I would agree that in Turing machines the concept of entropy is quasi inexistant. Most of the time it is entirely absent.
Turing machines:
https://en.wikipedia.org/wiki/Turing_machine
Quote
In his 1948 essay, "Intelligent Machinery", Turing wrote that his machine consisted of:
...an unlimited memory capacity obtained in the form of an infinite tape marked out into squares, on each of which a symbol could be printed. At any moment there is one symbol in the machine; it is called the scanned symbol. The machine can alter the scanned symbol, and its behavior is in part determined by that symbol, but the symbols on the tape elsewhere do not affect the behavior of the machine. However, the tape can be moved back and forth through the machine, this being one of the elementary operations of the machine. Any symbol on the tape may therefore eventually have an innings. (Turing 1948, p. 3[18]
...an unlimited memory capacity obtained in the form of an infinite tape marked out into squares, on each of which a symbol could be printed. At any moment there is one symbol in the machine; it is called the scanned symbol. The machine can alter the scanned symbol, and its behavior is in part determined by that symbol, but the symbols on the tape elsewhere do not affect the behavior of the machine. However, the tape can be moved back and forth through the machine, this being one of the elementary operations of the machine. Any symbol on the tape may therefore eventually have an innings. (Turing 1948, p. 3[18]
The underlined portion is the key reason for both a lack of emergence and subsequently the lack of conceptual entropy in Turing machines.
In a standard Turing machine the symbols on the tape do not ultimately change the nature of the machine (even if those symbols have been previously read). This is because the typical Turing machine draws from a finite table of instructions which are ultimately fixed and invariant.
Thus the Turing machine with a fixed and finite table is a simple system regardless of how complex and long that table may be unless you allow the table of instructions to be dynamically and permanently altered based on the tape readings.
As programming languages have a fixed set of basic code they are simple Turing machines. However computer programming language in general is something more and represents a complex system. The programmers using them are the equivalent of a tape that applies dynamic updates to the instruction table. Thus over time we have seen the progression from assembly language to C++ as discussed in your links above.
I am not going to be helpful in a technical discussion of how to add emergence to a programmed system as I am not a programmer but I will address one of your points.
You appear to arguing (in the bolded section above) that if the interaction between objects are not contained in the objects themselves but requite an external observer/visitor state then the system is not valid from metaphysical point of view. If I understand you correctly you are arguing that a programmed system must be complete to be metaphysically valid.
Completeness is never possible. For a discussion on this point I would refer you to an excellent write up by Perry Marshall: The Limits of Science and Programming
“Without mathematics we cannot penetrate deeply into philosophy.
Without philosophy we cannot penetrate deeply into mathematics.
Without both we cannot penetrate deeply into anything.”
-Leibniz
Without philosophy we cannot penetrate deeply into mathematics.
Without both we cannot penetrate deeply into anything.”
-Leibniz
The example with turing machine is to show you can have non determinism without the concept of entropy
Emergent property are example of non determinist algorithm who can run on turing machine.It's more that if you want to take a physic model to apply it with coding algorithm, and there is no algebric solution but only algorithmic ones, after it's hard to find the 'correct' model to represent the interaction to have still a minimum of consistency in the high level definition of the thing.
Finally found the ultimate model to solve those question
http://tuvalu.santafe.edu/~walter/AlChemy/Statement/organization.html
You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week or two to fully absorb the following works of AnonyMint.
The Rise of Knowledge
Understand Everything Fundamentally
Together these are quite simply the most insightful piece of economic theory I have ever read.
If the author is right and I think he is we are all in the midst of a tragedy of epic proportions. It is sad unstoppable and will devastate the lives of much of humanity.
Actually the words devastation is to ruined or destroy the the economic growth ,but in the place of digital currency investment,this is not devastating the progress of economy instead its help to promote the growth of economy,and social responsibility by means of capitalize country,therefore economic devastation is only for those bussiness that can destroy the economy and humanity just like those illegal activities.
The changes are going slow.... and suddenly fast 
I think Bitcoin already is de facto World Currency. The rest is just the recognition and subsequent adaption phase.
Exactly. I think so. The economy is changing slowly and then the changes are unpredictable. Make sure bicoin is the currency of the whole world and I expect high on it. In the future people will gradually adapt to it, and it is possible that bitcoin is used universally for the whole community. I think so. I think Bitcoin already is de facto World Currency. The rest is just the recognition and subsequent adaption phase.
What is the economic devastation you think? If we invest in property losses for corruption and other related problems, the economy will be exhausted and it will slowly deteriorate and slow the economy
I dont agree that it would cost more. If you factor in all costs - externalities - of low paying jobs for example, like cleaning a hotel, you find that we pay a high price for shit paid jobs. Poverty. Higher crime. Higher health problems. Social problems. People stuck in poverty, etc. There is no reason for people to do shit work for shit pay, when a robot can. Instead society can pay a minimum income to all and so we will be free to pursue other things in life, like learning new things, etc.
It'll cost a lot more to build a robot to clean a hotel room than a human
Depends how you view that taking place, we already have automatic hovering bots right. The cost of a human is the labour rate and other overheads, also a human is in some cases less able perhaps more noisy more bulky and not available 24/7
Its very possible for automation to challenge human labour in a few places I think. Not every country has cheap labour, some have a labour shortage. Naturally humans are better used then just for cleaning up dirt, a good market would make the most of the basic resource
Economic devastation would result in a system off kilter, not self adjusting or realising positive conclusions like this. Hence the break down brings a halt to a failing system, its some kind of positive in that the rebuilding from that devastation is a better more resilient economy I hope.
The changes are going slow.... and suddenly fast
I think Bitcoin already is de facto World Currency. The rest is just the recognition and subsequent adaption phase.
I think Bitcoin already is de facto World Currency. The rest is just the recognition and subsequent adaption phase.
Art is used in drug deals in place of cash as high value tokens of exchange, hence stolen art though it cannot be sold properly is used in this way and with alot less effort then collecting suitcases of dollars. All that time they were there and trying to dismount the militia type occupation, they should have enabled as much wireless broadband as possible.
Society without cash is the future, but to make it more effective into the entire operations each government needs to accept the digital currencies
Hopefully with a bitcoin can save the world economy from devastation. We all know, too much currency makes many problems in global trade, many countries that do not want to use another country's currency so that they use the strongest currencies.
i think they are not using the strongest currency but using most stable currency in the world that is usd, if you see the gold chart indicates that downtrend to support below Shit that dress was gold and white again and slowly morphed to blue and black over about 3 seconds! Is anybody else getting this effect?
I think as long as constituents have a way to opt out or inculcate positive feedback on / keep government alignments.
From what I have read, a benign dictatorship seems to be the only form of government that can survive and govern for the benefit of its regulated constituency.
Even tougher to take someone seriously who infers that I am a socialist based on the content of my post. You really come across like a frothy-mouthed fool despite your intelligence in some areas. Is this your intent?
If not, you might want to reconsider your approach.
If not, you might want to reconsider your approach.
I think some economists have written about this as early as 2003, so this is not so hot news for those who keep up with the latest developments.
It's still valid, and will be valid for a while.
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