Economy

Money is a pure abstraction, about which we have some unbelievable superstitions and mental blocks. Even worse, it’s an abstraction of an abstraction; one that inculcates a sense of guilt. When money becomes the goal of life, we tend to confuse it with happiness and pleasure. When we see others without money we tend to confuse their poverty with unhappiness and displeasure, thereby creating guilt. Most of this happens subconsciously. But it’s a natural psychological reaction that plays upon our powerful system of empathy, which leads to our thinking that we should do something to relieve the suffering of others while also assuaging our own guilt.

Speaking at the recent Davos economic conference – widely considered to be the elite economic forum to discuss trends and political strategy – an expert in artificial intelligence and machine learning, Jeremy Howard, had some stunning announcements that indicate a major shift in employment is set to occur very soon. As Howard states in the video below, we have hit a critical threshold where machine intelligence is performing better than even the leading experts in the fields of medicine, science, and banking among others. This has vast ramifications, as this crossover coincides also with the replacement of skilled and non-skilled human labor with robots. Between the two events, people from all economic classes are being threatened with replacement in an unprecedented way. It is being called technological unemployment – a type of permanent unemployment that greatly exacerbates our current recession/depression, because the lost jobs most likely will never return.
Writer and researcher Jan Skoyles joins us to discuss German gold, the paper silver and gold Ponzi, three dead international bankers in one week and the stunning work of her pal Koos Jansen, the man Harvey Organ calls the ‘go-to researcher” when it come to Chinese gold accumulation and the Shanghai Gold Exchange. Thanks for tuning in. Jan’s site: https://therealasset.co.uk/

A cultural revolution is creating a new global collective conscience between capitalism and inequality, the Haves and the Have-nots. A powerful virus is spreading, rising from the grass roots of billions in the repressed poor and the middle class, forcing moral leaders to step forward and openly challenge the destructive forces of capitalism.

In no way should The World Economic Forum be allowed to insert itself as a legitimate voice on the resolution of the very issues that its agenda – the perpetual growth of its partners – precipitates. On the contrary, it should be fiercely resisted – precisely what the alternative World Social Forum, Occupy WEF, and other anti-globalization groups were created to do.

Eighty-five people control the same amount of wealth as half the world’s population, according to a recently released report by Oxfam. The 85 people cited in the report control about $1.7 trillion in wealth, roughly the same as the poorest half of the world’s population. Moreover, the richest 1 percent of the population has a net worth of approximately $110 trillion, which is 65 times the wealth of the bottom half.