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 | Mish - Global Economic Analysis |
| Burger Flipping Robot Starts First Shift at California Restaurant |
| "Flippy" is now on active duty.
Flippy, a burger-flipping robot, has begun work at a restaurant in Pasadena, Los Angeles. It is the first of dozens of locations for the system, which is destined to replace human fast-food workers.
Flippy is being installed in 50 locations.
Each flippy costs $60,000 and costs $12,000 a year to operate. One Flippy can cook 12 burgers. A worker making $15 an hour, 40 hours a week, working 50 weeks a year would cost $31,200 plus benefits (assuming 2 weeks paid vacatTuesday, March 6, 2018 |
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 | James Howard Kunstler |
Agitprop Is Not News  |
| Forget about sharks. In their Valentine’s Day editorial: Why Does Trump Ignore Top Officials’ Warnings on Russia?, The New York Times jumped several blue whales (all the ones left on earth), a cruise ship, a subtropical archipelago, a giant vortex of plastic bottles, and the Sport’s Illustrated swimsuit shoot. The lede said:
The phalanx of intelligence chiefs who testified on Capitol Hill delivered a chilling message: Not only did Russia interfere in the 2016 election, it is already meddling in Friday, February 16, 2018 |
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 | Mac Slavo - ShtfPlan |
| The Robot Dystopian Hellish Apocalypse: ‘It WILL Eventually Affect YOU!’ |
| As human beings continue to make enormous strides in the artificial intelligence technology, many continue to sound the alarm that it’s already gone too far. Some are warning that this imminent robot dystopian apocalypse “will eventually affect you.” But by then, it might be too late.
Pulling no punches, Joe Joseph of The Daily Sheeple says that this kind of a future is already here, and the elites “solution” to this problem (universal basic income) will result in a societal collapse of a magnitThursday, January 18, 2018 |
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| Mac Slavo - ShtfPlan |
| The Surveillance State: An Inexorable March Toward Totalitarianism |
| Gizmodo released an article entitled “US Homeland Security Wants Facial Recognition to Identify People in Moving Cars,” on 11/2/17 by Matt Novak.The Surveillance State has slowed down its rate of growth since the President took office, however, it has not halted that growth. Instead, it lies festering below the veneer of daily events, inexorably growing its tentacles and extending their reach. Akin to an infestation of weeds, the roots are deep within the fabric of our communications networks: tFriday, November 10, 2017 |
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| Mish - Global Economic Analysis |
| Waymo to Offer Paid-Ride Robot-Only Chauffeurs 2018 |
| Waymo vans loaded with laser LiDAR, radar, cameras, computers, AI and no human safety drivers will pick up Arizonans registered in its “Early Riders” program within a few months. Commercial, paid-ride service starts in 2018.Those who thought self-driving vehicles with no backup human driver was decades away are about to find out the future starts in 2018 as Waymo Shifts to Robot-Only Chauffeurs with commercial service starting in 2018.
Waymo technicians are already hailing its Chrysler PacificaWednesday, November 8, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Amid Growing Risks And Diminishing Returns From Algos, Former Blackrock Elite Take On Mindless Robots |
| As ZeroHedge readers are keenly aware, 2008 kicked off the largest financial engineering experiment in history – namely, the beginning of 12.3 Trillion in QE and the lowest interest rates in 5,000 years. The plan, hatched by Bush-era Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson, created a ‘Fed Put’ underneath the markets first made popular by Alan Greenspan – an implicit guarantee that no matter how bad things got, the Fed would actively combat financial disaster.
As a result, mWednesday, September 27, 2017 |
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| Mac Slavo - ShtfPlan |
| Rise Of The Machines: U.S. Military to Have More ROBOT Soldiers Than Human by the Year 2025 |
| Warfare is being reinvented. Like a scene out of The Terminator, the future of warfare is destined to include robot soldiers, unmanned aerial assault, and self-driving, weaponized vehicles. An $11 million contract approved by the Pentagon has been awarded to Six3 Advanced Systems. The US Department of Defense is calling on Six3 to “design, develop, and validate system prototypes for a combined-arms squad.” By the year 20Thursday, September 14, 2017 |
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| Mish - Global Economic Analysis |
| Made in the USA (by Robots): China to Open Sewbot Factory in Arkansas, Producing Shirts for 33 Cents |
| A Chinese T-shirt company is setting up shop in Arkansas, lured by U.S. sewbots and lower production costs. It will cost about 33 cents to produce a shirt.
Please consider China Snaps Up America’s Cheap Robot Labor.
“Made in America” will soon grace the labels of T-shirts produced by a Chinese company in Little Rock.
By early 2018, Tianyuan Garments Co., based in the Suzhou Industrial Park in eastern China, will unveil a $20 million factory staffed by about 330 robots from Atlanta-based SoftweThursday, August 31, 2017 |
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| Mac Slavo - ShtfPlan |
| A Robot Army Just Made The Biggest Gold Discovery Of The Century |
| This report from OilPrice.com is a paid advertorial
Prospectors have mined 20 million ounces of gold from the Yukon’s famous Klondike since the Gold Rush. But they haven’t been able to find the original source—the multi-billion-dollar bedrock.
Until now.
A famous geologist armed with the latest in drone tech and robo-drills is certain he’s just found it.
This is the Mother Lode of Klondike gold that countless prospectors have been trying to get at for over a century.
It makes the 20 million ounMonday, August 21, 2017 |
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| Mish - Global Economic Analysis |
| Robot Caused Anxiety: Blame the Robots, Even for the Election |
| Robots are taking our jobs says the Brookings Institute.
This causes “Robot Anxiety“, but not everywhere, just in the Red states that swung the election to Trump.
Robots, it turns out, are congregating densely in some places but are hardly found in others. Specifically, the map makes clear that while industrial robots are by no means everywhere, they are clustered heavily in a short list of Midwestern and Southern manufacturing states, especially the upper Midwest.
More than half of the nationMonday, August 14, 2017 |
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 | Michael Pento - Delta Global Advisors |
| 5 Reasons to Fear the Fall |
| This powerful and protracted bull market has made Cassandras look foolish for a long time. Those who went on record predicting that massive central bank manipulation of markets would not engender viable economic growth have been proven correct. However, these same individuals failed to fully anticipate the willingness of momentum-trading algorithms to take asset prices very far above the underlying level of economic growth.
Nevertheless, there are five reasons to believe that this fall will finaMonday, August 7, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Machine Mania in the Marketplace: How Computers Came to Own the World |
| The following article by David Haggith is from The Great Recession Blog:
With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges no longer exist as places for people to buy and sell ownership in a corporation. They exist simply as the neural junctions of a conglomerated machine that plays tricks on itself, and your sole goal is no Wednesday, August 2, 2017 |
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| Mish - Global Economic Analysis |
| Meet “Aida”, the Perfect Banker (and a Robot): End of Branch Banks Coming |
| Sweden’s biggest banks are on a mission to get rid of branch banks and all the branch bank employees too.
That’s where “Aida” comes in. She’s available 24/7 and supposedly can handle all but your most complex needs. Your Banker, Aida Is Always In.
Aida is the perfect employee: always courteous, always learning and, as she says, “always at work, 24/7, 365 days a year.”
Aida, of course, is not a person but a virtual customer-service representative that SEB AB, one of Sweden’s biggest banks, is rSunday, July 30, 2017 |
|
 | Gary Tanashian - Biwii |
| Law 101 Meets Psych 101 |
| By Gary TanashianLawyers and PsychologistsSteve Saville has a post out called Don’t Think Like a Lawyer. In the post he notes the following…“The job of a judge or juror is to impartially weigh the evidence and arguments put forward by both sides in an effort to determine which side has the stronger case. The job of a lawyer is to argue for one side, regardless of whether that side happens to be right or wrong. As a speculator it is important to think like a judge or a juror, not a lawyer.”While Sunday, July 23, 2017 |
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| Mish - Global Economic Analysis |
| How Can a Human Justify Asking to be Paid $15 to Work |
| McDonald’s announced it will replace cashiers in 2,5000 stores with self-service kiosks.
The story buzzed across the internet but Business Insider reported McDonald’s shoots down fears it is planning to replace cashiers with kiosks.
Official Denial
“McDonald’s has repeatedly said that adding kiosks won’t result in mass layoffs, but will instead move some cashiers to other parts of the restaurant where it’s adding new jobs, such as table service. The burger chain reiterated that position again Sunday, June 25, 2017 |
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| Mac Slavo - ShtfPlan |
| Yahoo’s Terms Of Servitude: “The Beginning Of Incremental Enslavement That Grows Stronger By The Day” |
| One of the most beautifully mind-numbing and macabre methods of government conquest of additional territory for a local metropolis is cached within the term “annexation.” The peaceful Anglo-Saxon annexation holds an equivalent with Hitler’s “Lebensraum” justification for taking extra territory, as he did with Czechoslovakia and the Sudetenland. The barrel of a gun enables it, justified by a badge. Along those subtle lines are the maneuvers pulled in the cyberspace world by large servers, suchTuesday, May 30, 2017 |
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| Mac Slavo - ShtfPlan |
| Report: U.S. THAAD Missile Defense System “May Not Be Capable Of Actually Intercepting North Korean Nukes” |
| The article, You’re the ‘Terrorists’: North Korea Vows Attack on Enemy Intelligence Agencies, was released by Sputnik News on May 5. The article contains two passages worth mentioning. First this one:
“Korean-style anti-terrorist attack will be commenced from this moment to sweep away the intelligence and plot-breeding organizations of the US imperialists and the puppet clique.”
KCNA North Korean News Agency
Yes, the grammar and usage reads exactly akin to the script from a “bad” B-rated KaratWednesday, May 10, 2017 |
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| Mac Slavo - ShtfPlan |
| 5 More Reasons Why You’re Living in the Strangest Time in Human History |
| Last March I broke down five reasons why we’re living in incredibly strange times. Between the advent of 3D printers that can build houses, and the development lab grown meat that could be hitting our grocery store shelves very soon, one could say that the world today is unlike anything anyone has experienced before. The truth of the matter though, is that there are so many more reasons why our lives today are fundamentally different from the lives our ancestors.
Granted, every generation has unTuesday, May 9, 2017 |
|
 | Chris Martenson |
| Where There’s Smoke... |
| Many questions surround the elevated financial asset prices we are faced with today.
I'm talking not just about the sky-high prices of stocks and bonds, but also of the trillions of dollars’ worth of derivatives that are linked to them. All are intricately linked together. For instance, stocks are elevated, in part, because bond yields are so low.
Here are several of the nature questions most investors are asking:
Question #1: When will financial assets ever ‘correct’ and fall in price?
QuestSaturday, April 22, 2017 |
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 | Wolf Richter |
 How Many Jobs Do Robots Destroy Answers Emerge |
| But this isn’t the industrial revolution.
How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days.
The answers have been soothing. Economists cite the industrial revolution. At the time, most humans replaced by machines found better paid, more productive, less back-breaking jobs. Productivity soared, and society overall, after some big dislocations, came ouWednesday, March 29, 2017 |
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