Monday, February 20, 2017

The Next Tech Bubble?

Could the next tech bubble become the highly touted printing technology that allows people to program computers to print everything from handguns to houses, and everything in between?

Is there anything that can't be built using 3D Printing? Right now it seems as if there isn't and investors are pouring money into every 3D Printing venture they cab find but where does it end? And are we nearing a bubble?

Could it be the greatest ideas in 3D printing will be thought up after the breaking of the bubble where there is no one who wants to invest? And if not 3D then what will the next tech bubble be?

Sunday, February 19, 2017

Trump and the 25th Amendment, Section 4; Great way to destabalize the country with a coup d'etat

"The 25th Amendment, proposed by Congress and ratified by the states in the aftermath of the assassination of President John F. Kennedy, provides the procedures for replacing the president or vice president in the event of death, removal, resignation, or incapacitation...

Section 4.

Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

I don't think it applies at this point, 
if the argument is Trump makes stuff up when he speaks or tweets extemporaneously,
but it appears that enough of the President's 'men' can remove him from power 

Thereafter, when the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that no inability exists, he shall resume the powers and duties of his office unless the Vice President and a majority of either the principal officers of the executive department or of such other body as Congress may by law provide, transmit within four days to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office.

Pence and a majority of the "executive department"
are way unlikely to pull some siht like that in the near term, 
and Congress, both houses would be under siege if they tried it.

Thereupon Congress shall decide the issue, assembling within forty-eight hours for that purpose if not in session.

coup d'état

a sudden decisive exercise of force in politics; especially:
the violent overthrow or alteration of an existing government 
by a small group <a military coup d'état of the dictator>


If the Congress, within twenty-one days after receipt of the latter written declaration, or, if Congress is not in session, within twenty-one days after Congress is required to assemble, determines by two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office, the Vice President shall continue to discharge the same as Acting President; otherwise, the President shall resume the powers and duties of his office."

https://www.law.cornell.edu/constitution/amendmentxxv
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Annotated List of coups d'état and coup attempts

1605: On November 5, a group of provincial English Catholics led by Guy Fawkes attempted to kill King James I and much of the Protestant aristocracy by blowing up the Houses of Parliament during the State Opening of Parliament.

1648: Pride's Purge - those MPs who wished to continue political negotiations with Charles I were ejected from the House of Commons. Those remaining - known as the Rump - went on to agree that the king should be put on trial for his life.

1653: On 20 April Oliver Cromwell, with forty musketeers under the command of Charles Worsley, entered the House of Commons and forcibly dissolved the Rump Parliament leading to Cromwell becoming Lord Protector and instigating military rule.

1689: Boston Revolt: In an action described by some as a "putsch", the Puritan militia, assisted by a Bostonian mob, arrests Sir Edmund Andros. Andros was the unpopular governor of the Dominion of New England.

1784: Coup by the crown prince Frederick of Denmark against the ruling cabinet led by Ove Høegh-Guldberg.

1794: Coup du 9 Thermidor by members of the Committee of Public Safety against Robespierre.

1797: Coup du 18 Fructidor by the French Directory with the support of the military, against the royalists.

1799: Coup du 18 Brumaire by Napoléon Bonaparte.

1851: the president of France, Louis-Napoléon Bonaparte dissolves the Assembly and becomes the sole ruler of the country. In the following year, he would restore the Empire by referendum.

1876: Aniceto Esquivel Sáenz was President of Costa Rica for a brief period of three months in 1876 before being deposed in a coup d'état led by Vicente Herrera Zeledón.

1893: With the aid of U.S. Marines, U.S. Department of State Minister to the Kingdom of Hawaii, John L. Stevens backs businessmen of native and foreign nationality in a coup that deposes Queen Lili'uokalani.

The Wilmington insurrection of 1898, also known as the Wilmington massacre of 1898 or the Wilmington race riot of 1898, began in Wilmington, North Carolina on November 10, 1898 and continued for several days. It is considered a turning point in Post-Reconstruction North Carolina politics. The event marks an era of more severe racial segregation and effective disenfranchisement of African-Americans throughout the South...

the events are classified by some as a coup d'etat; white Democratic Party insurgents overthrew the legitimately elected local government,[2][3] expelling black leaders from the city. In addition, a mob of nearly 2,000 white men attacked the only black newspaper in the state, and persons and property in black neighborhoods, killing an estimated 15 to more than 60 victims, and destroying homes and businesses built up since the Civil War.

...In 1900, a second "white supremacy" political campaign cemented the Democrats' domination in the state; they elected Charles B. Aycock as governor. Party agitators used photos suggesting "Negro domination" to raise fears and tensions. The crude strategy, plus the constitutional amendment, had sharply reduced African-American voting, and the Democrats controlled the legislature and governor's office.


https://en.wikipedia.org/wiki/Wilmington_insurrection_of_1898

1920; In the Plan of Agua Prieta, General Álvaro Obregón, backed by labor unions and Zapatistas, ousts Mexican President Venustiano Carranza.

1922; Between October 27 and 29, the March on Rome by the Blackshirts led to the installation of Benito Mussolini of the National Fascist Party as prime minister of the Kingdom of Italy, supported by King Victor Emmanuel III. After the election of 1924 and the assassination of Giacomo Matteotti, Mussolini established a dictatorship on January 3, 1925.

1933; The Business Plot against the administration of Franklin D. Roosevelt in the United States is planned, but not carried out due to General Smedley Butler's decision to report it to the authorities.

1939;  A coup by military officers and Spanish Socialist Workers' Party members in the Republican zone of Spain results in the formation of the National Council of Defense as a step towards a negotiated peace with the Nationalists. The negotiations eventually fail, but the coup signals the end of the Spanish Civil War.

1943; The 24 July coup to remove Fascist dictator Benito Mussolini as Prime Minister of the Kingdom of Italy and replace him with Marshal Pietro Badoglio; Count Dino Grandi and the Grand Council of Fascism voted overwhelmingly to ask King Victor Emmanuel to resume his full constitutional powers and, on the following day, the King summoned Mussolini to his palace and dismissed him.

1951; Bolivian general Hugo Ballivián establishes a military junta in Bolivia to prevent elected reformist Víctor Paz Estenssoro from taking office.

1953; A joint US/UK coup in Iran, codenamed Operation Ajax, overthrows Prime Minister Mohammed Mosaddeq.

1954; In Guatemala, the democratically elected government of Colonel Jacobo Arbenz Guzmán was ousted by Coronel Carlos Castillo Armas in an operation organized by the American Central Intelligence Agency codenamed Operation PBSUCCESS.[8]

1970; US plans "constitutional coup" to prevent Salvador Allende from assuming power in Chile.

1976; Marshall Ye Jianying and political leader Hua Guofeng stage a coup against the Gang of Four, led by Chairman Mao Zedong's widow, Jiang Qing and leading to the return of Deng Xiaoping and the launch of China's reform era.

1979; Attempted coup in Iran, backed by the US[citation needed] to overthrow Interim government which came to power after the Iranian Revolution.

1991; Russian SFSR leads a successful anti-communist coup d'état allowing the Soviet Union to collapse and establishing the Russian Federation

1993; Russian President Boris Yeltsin successfully launches a self-coup, illegally dissolving the Russian parliament.

https://en.wikipedia.org/wiki/List_of_coups_d'%C3%A9tat_and_coup_attempts

On Buying a Car

"If and when you buy a new or used car, go in toward the end of the year or logical sales period like the end of the month or the quarter. Go at the end of the day when only the sales manager is there-alone. He wants to jack his numbers of sales up and this is his desperate last minute chance.

Same with salespeople who need to make their month end numbers
to get both their draw and commissions for the month

Get the best deal you can–don’t forget the ‘internet coupons’ or other stuff they send you.

Make sure you know what the manufactures rebates are

Let him take your trade in for a test drive. He’ll offer you a dollar amount for it. Accept the deal. Final papers are drawn up, just as you are ready to sign, change your mind and tell him to add the dollar figure of your trade in to your new car price. i.e. You’ll keep your trade in.

Sell the trade in for cash on Craigslist.

Unless it's a garbage car
which needs to be gotten rid of

You probably have just doubled the value of the trade in."

http://www.nakedcapitalism.com/2017/02/wolf-richter-seriously-delinquent-auto-loans-surge.html

"Tanger Center will have premier sound system", and Greensboro's taxpayers are paying for it

"When the new downtown performing arts center opens in 2019, planners say, expect sound unrivaled among similar venues in the country.

The best sound, with the fewest patrons who can afford to attend
in the entire country
within a community bleeding good paying manufacturing jobs

The $78.1 million Steven Tanger Center for the Performing Arts will feature the Meyer Sound Constellation electronic acoustic enhancement system.

Now with parking decks, the Center will cost about $30 million more,
plus interest on the debt, and a couple million per year for operating losses

The Greensboro Symphony Orchestra and its supporters long had lobbied for that system for the classical concerts it will play there.

After five years of research and negotiations with California-based Meyer Sound, Tanger Center planners have landed the Constellation system for about $959,000.

...Orchestras often perform with a large acoustical shell behind them, to reflect sound toward the audience.

With Constellation, the room becomes a virtual shell.

Hidden within the Tanger theater’s acoustical panel walls will be 231 miniature speakers, with small speakers on the stage’s back wall for musicians, Brown said.

Hanging from the ceiling and steel grid in the stage will be 59 miniature microphones.

The system will be installed during construction. Most of it will be invisible to the audience.

“You will sit in a symphonic surround sound, and you won’t really know where those speakers are,” Brown said. “It’s phenomenal.”...

...A separate amplified sound system, budgeted at $1.9 million, will be used for touring Broadway shows, rock concerts, comedians, symphony Pops concerts and Bryan Series lectures by prominent speakers.

Just for the Symphony...

The venue will be able to switch easily between the two.

“We will have the best sound systems for a 3,000-seat performing arts center in the country,” Brown said.

Symphony supporters heard the news about the Constellation system at a Saturday fundraiser at the Greensboro Country Club.

“We’re thrilled,” Lisa Crawford, symphony president and CEO, said in an earlier interview.

...“If we had a beautiful new building, and the sound was terrible, what’s the point?” Crawford said.

The Constellation system ...can be found in such venues as Zellerbach Hall in Berkeley, Calif.; the Appel Room at Jazz at Lincoln Center in New York; SoundBox in San Francisco, and Svetlanov Hall at the International Performing Arts Center in Moscow.

None is as large as the planned Tanger Center.

White Elephant
in the middle of low income region, for the benefit of the City's elite

...private donors and symphony supporters said the Meyer Constellation system would best meet Tanger Center needs.

...A public-private partnership between the city and the Community Foundation of Greater Greensboro will bring the $78.1 million Tanger Center to fruition.

Plus interest, plus operating losses, plus parking decks
= Fake news from Greensboro's News and Record

The Community Foundation has raised more than $38.5 million from private donors...

Pledged not raised; Fake news from Greensboro's News and Record

The city will finance the rest with hotel and motel tax revenues, ticket fees and parking revenues — not taxpayer money, Brown has said.

Nancy Vaughan and the rest of Greensboro's crooked City Council said,
when they voted for unsustainable bond measures to finance the City's initial investment, 
which will grow stupendously as the years pass

...Symphony officials expressed gratitude to Brown, Sanders and Kathy Manning, who led private fundraising efforts for the Community Foundation.

Let's not forget Walker Sanders take on the money 
invested at the Community Foundation

“This ensures that we will have a facility of the quality that the community expects,” said Daniel Crupi, symphony chief operating officer.

Most people in our community don't go to the symphony

Added Crawford: “Hopefully it’s going to be a huge game-changer for us.”

http://www.greensboro.com/blogs/gotriad_extra/tanger-center-will-have-premier-sound-system/article_4d5f80c5-ca9d-540c-8326-3f588efd064c.html

Saturday, February 18, 2017

#thematrix; "The average American is plugged into “the matrix” in some way for more than 10 hours a day"

"The following numbers come directly from Nielsen, and they show how much news, information and entertainment average Americans consume through various methods each day…

Watching live television: 4 hours, 32 minutes

Watching time-shifted television: 30 minutes

Listening to the radio: 2 hours, 44 minutes

Using  a smartphone: 1 hour, 33 minutes

Using Internet on a computer: 1 hour, 6 minutes"

http://theeconomiccollapseblog.com/archives/it-is-about-time-that-we-had-a-president-that-was-willing-to-go-to-war-with-the-mainstream-media
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"The Matrix ...depicts a dystopian future in which reality as perceived by most humans is actually a simulated reality called "the Matrix", created by sentient machines to subdue the human population, while their bodies' heat and electrical activity are used as an energy source. Computer programmer "Neo" learns this truth and is drawn into a rebellion against the machines, which involves other people who have been freed from the "dream world".

...Interpretations of The Matrix often reference Baudrillard's philosophy to demonstrate that the film is an allegory for contemporary experience in a heavily commercialized, media-driven society, especially in developed countries.

...We are living in a computer-programmed reality, and the only clue we have to it is when some variable is changed, and some alteration in our reality occurs.

...Once one accepts The Matrix as a generated reality of malicious machines invention then this is Descartes' First Meditation, or evil demon, a hypothesis that the perceived world might be a comprehensive illusion created to deceive us.

...Plato's theory of Forms, which holds that the true essence of an object is not what we perceive with our senses, but rather its quality, and that most people perceive only the shadow of the object and are thus limited to false perception.

Kant...people come to know and explore our world through synthetic means (language, etc.), and thus this makes it rather difficult to discern truth from falsely perceived views. This means we ourselves are our own agents of deceit, and so in order for one to know truth, one must choose to openly pursue truth.

...The machines had to amend their choice of programming in order to make people subservient to them, and so they conceived The Matrix...

...the machines wished to impose a perfect world on humans in an attempt to keep people content to remain completely submissive to the machines, both consciously and subconsciously..."

https://en.wikipedia.org/wiki/The_Matrix








"A bubble exists when asset prices rise beyond what incomes can sustain"

"Florida swampland in the 1920’s, tech stocks in the late 1990s, or Toronto real estate today -- all are fine examples of this.

The US government and the private banking cartel known as the Federal Reserve, in cahoots with a very compliant and complicit mainstream media, are doing everything in their vast and considerable power to convince us that we are living in an golden era of risk-free prosperity. And that tomorrow will be even better.

...there's a mountain of evidence contraducting this.

So let’s ...see if we can spot the flaw in the ‘everything is awesome!’ meme that the Fed et al are trying to paint for everyone by flooding the “markets” with so much thin-air liquidity (between $150-$200 billion a month) that nobody has any clue what anything is truly worth anymore.

...#1: Infinite growth is impossible.

...the earth is a sphere and therefore has a defined surface area and a defined amount of resources available for use.

The availability of these resources ranges across a spectrum from dense/concentrated on one end to dilute/useless at the other. Humans have already extracted and consumed most of the easily obtainable stuff.

Now it gets harder.

Regardless of the economics of these resources, they are finite. And as our economies require resources to function, if we want our economy to grow from here, that means consuming more resources at a faster rate then we have been.

If resources are finite, then growth will one day prove finite, too.

...The Federal Reserve and the central banks in other nations are unified in their call for more economic growth, always and forever. That’s plan A. There is no plan B.

...#2: You can’t print your way to prosperity.

History is replete with the failed attempts of nations to print their way to prosperity...

At first, issuing more currency feels good because those closest to the money printing get stinking rich while doing practically nothing. As that trickles down, everybody initially feel smart and wealthier. Well, not everybody; but those running the system sure do.

After a while, though, all that feel-good activity is revealed as a fraud. It turns out prosperity wasn't printed, instead it was redistributed. From one party’s pocket into another. And in most cases, from poorer pockets into those of the already-privileged.

The same is happening today with the "thin air" money printing being conducted by the world's central banks. We are now living with one of the most extreme wealth gaps in US history, with the top 1% (really, the top 0.1%) owning a greater percentage of the nation's wealth than they ever have.

...the Fed is not simply stealing from today's public; it is also stealing the prosperity of future generations. When the party being stolen from hasn't been born yet, it can't fight back.

In short, you cannot print your way to prosperity. Yet somehow we've forgotten that.

...we're dooming ourselves (and our children and grandchildren) to becoming serfs in the process.

...#3: You can’t grow your debts faster than your income forever.

...Our grand experiment in debt-based fiat currency -- unbacked by anything tangible, like gold -- began on August 15th, 1971 when Nixon unilaterally broke the Bretton Woods agreement and forced the entire world off of the gold standard. Not that the world minded much, because this then meant that politicians and monetary hacks everywhere could ignore centuries of economic lessons and begin making exorbitant promises by printing currency like mad.

..debt has shot up by a factor of 40 while income has only increased by a factor of 17. We have indeed grown our debts wildly faster than our income over the past 45 years

And, it should be noted, a lot of that GDP ‘growth’ is the byproduct of borrowing and spending money we don’t have on things we don’t need. Said differently: the debts will remain during any serious future economic downturn but the GDP that is fraudulently based on excessive rates of borrowing will vaporize as if it never existed in the first place.

...the very definition of unsustainable.

If something cannot go on, it won’t.

...The Fed has printed as much money as it has dared for the time being. It has since handed the baton over the ECB, and the Bank of Japan, who have stepped in to keep the wheels of the world's debt production well-greased.

Around and around the baton gets passed. And we're told by our government and media that this is all in our best interests. However, the only thing these central banks are truly doing is stealing from savers and the elderly today, and pretty much everyone tomorrow.

What have they done with the trillions in "thin air" currency they have printed up? They handed them to the big banks, to speculators and the already wealthy...

In the meantime, they’ve blown the Mother Of All Financial Bubbles.

This is primarily a bubble in debt (i.e., the bond market). But in its making, new bubbles in real estate, stocks and a whole slew of other asset classes were created.

When these bubbles burst, and they must, it will be a massively destructive event. There will literally be nowhere to hide from the repercussions...

https://www.peakprosperity.com/blog/107199/mother-all-financial-bubbles

Correlations between Economic Expectations and Reality are off the Rails of the usual Cognitive Dissonance of the Masses

Thursday, February 16, 2017

Trump Press Conference Twitter Pulls 2/16/2017; Both Sides