Thanks for your posts anonymint!

Just curious, do you believe there is any accuracy to these (or any) fiat statistics?  After using coin networks for some years we become accustomed to actually knowing the money supply, days destroyed, transactions per sec., etc..   For me there is a stark contrast between this kind of transparency and the numbers we hear thrown around in the fiat realm (80 billion per month QE, velocity decreasing, GDP, etc).  However it seems you are putting some import on this particular metric despite the lack of transparency in measurement technique or verifiability.  Could you explain why? 

Cheers -- 

Technological unemployment is here...

http://www.infowars.com/google-to-start-selling-humanoid-robot/

Very impressive, looks like Ed209.  The future is now, I'd be blown away if it was autonomous especially or is it remotely controlled or specifically pre programmed is what I expect


Guys this is covered by Luddism and also Adam Smith I think.   If an invention makes a task easier, society will benefit even while some jobs become redundant.   Maybe the majority of a population were employed in agriculture at one point in time; all those jobs disappeared, yet we do well because we are wasting less time (or do more in less time at least, then waste time at leisure not work)


Its been here for hundreds of years.   Even an accurate watch makes someone unemployed but also enables greater efficiency and common power to society, we do gain from better products and especially when they get cheaper.  This partly also explains cheap imports (and why 1933 import tariffs were wrong) and also possibly even cheap labour/immigration; beneficial yet glaringly 'job stealing'  (cheap products make people better off)

This is misunderstanding of basic economy.  People do investments to increase productivity. But that capital has a cost, so they would not waste it.

When productivity over all increases, workers will leave the less productive firms and join the more productive. The reason is that work is the most general productive factor of all. Then the less productive firms must consider investing in more capital, calculate if it makes economical sense. If it does, they will do it, else the firm will shrink or die. This releases capital and work for more productive uses. This is the basis of growth. We sometimes see the reverse, when wages shrink, capital is consumed and held at a lower level, reducing productivity and more workers join the industry.

---------------------------- Original Message ----------------------------
Subject: Armstrong's amazing economics correlation prediction models
From:    AnonyMint
Date:    Fri, July 4, 2014 9:03 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Kudos to Martin Armstrong (the former $1+ trillion hedge fund manager of the Japanese Postal fund-- largest fund ever) on getting back focused on his expert computerized A.I. models (and stop wasting time trying to convince socialist citizens to reform themselves or blaming everything on bureaucrats and not also on the socialist citizens)...

http://armstrongeconomics.com/2014/07/03/then-now-always-the-same/

http://armstrongeconomics.com/2014/07/02/when-will-the-monetary-system-crack/




Regarding the comparison of today to the peak and decline of the Athens empire, I note from the following chronological timeline:

http://en.wikipedia.org/wiki/Timeline_of_ancient_Greece

http://ancienthistory.about.com/od/democracy/qt/121009AthensTimeline.htm

So 408 B.C. for Athens should correlate to 2032 A.D. for us now. Interestingly we see that in 433-432 B.C. the Greek empire coalition fails and infighting begins. That was 24-25 years before the peak in 408 (count backwards in B.C. time) so that would correspond to 2007-8 now which is exactly when the first stage of the sovereign debt crisis exploded with Sub-Prime defaults in the USA.

Also note that infighting was due to economic decline and a fight for available resources, which is similar now to how teachers' unions in the USA are saying to raise taxes to pay their salaries and retirement plans. Raising taxes will further implode economic activity and collapse the economy. The problem is we spent more than we had, and now the defaults and decline are unavoidable.

We can see on the timeline that up until 426-425, Athens grew stronger than the peripheral regions and was defeating them. Then by 414 (which will correspond to our 2016), Athens (which corresponds to our USA) started to fall weaker than the periphery in battle.

The USA is clearly coming stronger right now as capital is fleeing the rest of the world (periphery) and into USA stocks and real estate as a safe haven. But 2016 will mark the peak of the USA.

Then you can see that by 416-415 (our 2024), Athens (the USA!) falls to massacres and total chaos.

And then by 408 (our 2032), Athens falls over a cliff economically and socially until hitting rock bottom in 404.

Then after 404, the public wave starts where even Socrates is executed by the idealistic youth government that takes over. Don't forget the generational wave research I shared previously which predicts this nasty Orwellian control aspect of the public wave which follows 2032:

https://bt.irlbtc.com/view/594024.msg6551625#msg6551625

https://bt.irlbtc.com/view/355212.msg6551755#msg6551755


So here is what we can expect. USA will grow stronger until 2016, then it will decline until finally total chaos by 2024. There could be a lot of war before 2024, probably after 2018 or so. Between 2024 and 2032 will be total chaos as the world fights capitulation, until there is finally total capitulation in 2032 and then we crash into a global economic bottom by 2036.

So 2016 is the beginning of the slide into the abyss. And it will get worse until 2036. Twenty years of worsening suffering.

But during that time, high technology (e.g. robotics, 3d printing, crypto-currency) will prosper and many in high tech will become very rich. Remember the Oxford study in 2013 predicted 47% of all existing jobs will be replaced by computer automation with the 20 years to 2032-33.

This period will be very unfamiliar to most people as the world is shifting from socialism to autonomous, decentralized sovereign high tech individuals.

The Knowledge Age is replacing the Industrial Age:

https://bt.irlbtc.com/view/355212.0

Collectivized society will decline and shrink economically into a bottom in 2036, while the Knowledge Age will grow all during this period.

This is my final communication.


---------------------------- Original Message ----------------------------
Subject: Question: timing on the bottom for BRICs, NICs?
From:    AnonyMint
Date:    Fri, July 4, 2014 1:17 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Okay Western civilization falls off the capitulation cliff 2032 and
bottoms 2036 as the Public Wave begins.

When do the BRICs, NICs countries bottom?

How far back do they collapse? 1992 level? 1999 level? 2007 level?

If there is a gain from the technology then some will see unemployment but society is gaining all that time of change so in net total it is a positive not a disaster.      There is no good reason why USA would have to fail dramatically, that only occurs if events are totally unyielding.    As failure occurs, adjustment will happen.    As above, as some find their jobs are not useful or redundant they will transition elsewhere and it is reasonable to consider that some who lose jobs to new technology are richer in their new work.
    If this gov screws up the debt (further) and refuses to give way, it could end up in war but that is an absolute extreme.  It might also be that gov debt fails, they default or haircut the value and then we move on.   Some loss occurs, some are worse off but overall it is possible to benefit from failure and this is irony that is missed but perfectly possible.   When gov or failure occurs it could be the negatives from their current behaviour is no longer there and society benefits; this is the base line to capitalism .
  Ironically this struggle, and loss, win to business and constant competition is still a positive for all involved overall and that includes those who lose business, or lose money or in the case of an entire country losing their reserve currency.  It results in mutual benefit to discontinue inefficient practise

Devastation is a myth

Inflation and the Fall of the Roman Empire
http://mises.org/daily/3663

What you are describing precedes globalization.  What happens today is that labour gets off shored to cheaper labor markets.  Within the US you start to see a division between classes

Minimum wage... it is forbidden to pay less...some jobs are forbidden.

It is there, practically in the words used. Minimum wage is a regulation to remove a part of the job supply.

Western Rome fell into a 600 year Dark Age and the population of Rome plummeted from 1+ million to 30,000. I call that Devastation. The peripheral markets boomed such as Byzantine, where there wasn't this inertia preventing adjustment.

---

Keep you eye on the alts.

---

---------------------------- Original Message ----------------------------
Subject: An example of the fledging Knowledge Age the world is entering
From:    AnonyMint
Date:    Sun, July 6, 2014 8:19 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Before I terminate my communications, a concrete example of the more autonomous, decentralized Knowledge Age in action...

https://www.kickstarter.com/projects/914635363/lace-anchors-20-a-simple-design-for-simple-people

The frontiers are where the free thinkers are headed, as is always the case and always the only solution to dying socialism.

Also Armstrong seems to have realized it...but I hope he realizes is it not just tangible assets, rather intellectual property that is the most significant frontier...

http://armstrongeconomics.com/2014/07/06/getting-off-the-grid-cars-as-well/

When you eliminate workers entirely the productivity of your workforce becomes infinite, so you out compete everyone else.