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KOW

… is quickly getting ready for your orders …

… local sound money barter systems offer alternatives to the insanity of increasingly corrupt and coercive fiat regimes … they are the wave of the future … all aboard.

Mornin all

Try imagining a peaceful Iran not bent on exporting Jihad (just like you might imagine a peaceful Ukraine, not making itself a problem for the rest of the world). Forgive the cliché, but Iran (a.k.a. Persia), is an old and durable culture, with a highly educated population, one of the world’s largest oil-and-gas reserves, and plenty of other resources. Iran could be somebody. It doesn’t have to be a bum with a one-way ticket to Palookaville.

https://www.kunstler.com/p/the-rockets-red-glare

OSINTdefender
@sentdefender
·
22h
Several large fires are currently burning at the primary refinery for the Bahrain Petroleum Company in Ma’ameer, following a short-range ballistic missile attack against the facility and other nearby infrastructure by Iran.

https://x.com/sentdefender/status/2029586536497283311

https://www.zerohedge.com/geopolitical/tehran-rocked-heaviest-bombardment-yet-iranian-missiles-israel-slow-pezeshkian-says

up 13 % on the day and going…

Shares not so much yet. Jobs report noise?

despite the machinations of the criminals here in the U.S. holding their fix prices right around $96.

I’m hoping those banks took delivery here in the U.S. because this is a bottom of sorts. Unfortunately, the dollar keeps ripping ahead.

Dollar strengthened on us. Oil did too. They wasted no time jacking up the price of gasoline around these parts.

maddog – I must say. The GOP has done enough damage to themselves for the midterms, they don’t need any help.

PM shares look sick in the premarket. I guess the rally is over for a while.

Maybe it’s time to buy some leveraged short shares across all sectors except oil.

He doesn’t owe Trump any favours. He was doing much better under the autopen.

Is it getting complicated or what?

That article about Putin has a bit that says, two major pipelines are about to be blown up….which means the lunatics behind the Ukraine war, are looking to exacerbate the situation in the Oil mkt, to drive prices higher, to hurt the GoP in the mid Terms……..and generally cause mayhem.

https://www.zerohedge.com/geopolitical/europe-vulnerable-energy-crisis-putin-says-russia-may-pull-plug-gas-supplies-europe

When will the drongos in Europe realise that they have no sway over Russia? As Putin said, Russia was a very reliable supplier. He doesn’t owe them any favours.

https://www.zerohedge.com/commodities/major-win-putin-us-grants-russia-license-sell-oil-india-while-strait-hormuz-blocked

Maybe it is a longer term problem.

which is all about fakery is now upsetting folk because it is now faking the actors and actresses. Even though it has been the case since the first voiceover 98 years ago with Steamboat Willie. From cartoons, to single shot animation, voiceovers, multiple exposures, color tintings, through to SFX and today’s CGI, it’s been a steady journey of change and replacement. From once a week at the cinema to everything on demand anywhere anytime it’s been a journey of the impossible being continually delivered. AI generated characters (think of Gollum as maybe the first) are just another piece.

I saw the piece on the lawyers in NYC. Nearly died laughing. Sooner the better – actually, it’s too late. SLMs are already delivering for lawyers and NYC would become the laughing stock of the world (imagine the lawsuits!!) if they tried to go it alone. But your 21:34 article is based on a false premise, that these white colloar workers actually contribute anything. They don’t. They are leeches on the system, by and large mandated by governments to ‘protect’ investors, whose functions are now being eliminated in the same fashion as lower class white collar workers were eliminated in far greater numbers in the seventies, eighties and nineties. I used to work for a retailer, where we processed 44,000 invoices a week. Manually entered into the IBM 38. Staff used to put individual price labels on every tin and packet in the shops, which were then eyeballed and punched in to the cash register. Now an invoice never becomes paper, prices are all barcoded, we are our own check-out chicks and millions of jobs worldwide are gone. The accountants’ and lawyers’ numbers will be insignicant by comparison.

Have you seen those short clips about a minute on YouTube. There already making AI and will make it harder to tell the difference. Some you can right away because although it looks real it’s not realistic.  I wonder if that will eventually affect the movie star industry.

Outsourcing factories was systematically eliminating jobs then insourcing was eliminating American jobs and unions to keep wages down but not necessarily better.

Then things moved from manufacturing to service related jobs and now they’re going after those jobs too. Those are only some of the jobs they already eliminated. Much more to come. Taxis, Uber, restaurants but personally I wouldn’t want to have a robot replace a human in either driving or a restaurant. Many more jobs to come just so a few can make more money. Even lawyers are working to get laws on the books that AI can not replace legal counsel in multi aspects of law.

From the Alaska shore at Skagway,
Up the mountains at White Pass,
This rail line was built to access
The Yukon gold fields.
https://www.railpictures.net/photo/893787/

and 307k govt. positions that weren’t jobs anyway. Compare that to 2001,

https://www.bls.gov/opub/mlr/2002/02/art1full.pdf

where factories alone eliminated 1,204k jobs.

Or 2,600k in 2007:

https://www.epi.org/publication/job_losses_ballooned_in_final_quarter_of_2008/

In fact, in the last ten years you’ve lost 41m jobs. So AI is pretty benign compared to all that.

Silver carved out a reverse head and shoulders. Don’t know if it will follow though though.

Part of a email.

Nobody noticed yet… but they will.

We just reached the end of an economic age.

Something that usually takes decades, even centuries, to play out just happened in what seems like a blink of an eye.

Unless you understand the magnitude of what just happened, you could risk losing everything you’ve worked so hard to achieve because this collapse is only just getting started.

You see, for our entire life, the story arc has been clean: it was the relentless rise, in both wealth and status, of a broad social class of professionals but that rainbow is now at an end.

Because for the first time ever, capital can now compound without additional labor.

The centuries-old relationship where job creation and GDP rose together has snapped and the economy can now scale without bringing workers along for the ride.

And this “snap” is about to change everything.

This is one of those moments in which I believe vast fortunes will be made and lost. I’m talking about a generational transfer of wealth… the type that can either enrich you or potentially impoverish you, based on the decisions you make.

Because history shows us that while these shifts always lead to catastrophic losses for those who refuse to prepare… they also unleash unprecedented wealth building potential for those who understand, and harness, the forces at work.

And this isn’t a prediction. It’s happening right now.

It’s why, although we’re seeing massive headline economic growth, the average American is being left behind.

AI Engels’ Pause 

They don’t teach you this in school, but they should.

During the Industrial Revolution, Friedrich Engels noticed that although the revolution was making Britain incredibly rich when measured via GDP… the vast majority of British people were living in hell.

Between 1790 and 1840 Britain’s GDP exploded. The steam engine created massive efficiency gains, corporate profits doubled, and the stock market soared.

But for the average worker, real wages remained flat or fell… the average life expectancy in some industrial cities collapsed to just 35 years…

It was as though someone had pressed a giant “Pause” button on quality of life for the working class.

Of course, the wealth did eventually trickle down but it was half a century later and during that half century, the societal devastation was dire. It took two full generations for the labor market to adjust.

And the weavers who lost their jobs to power looms, they didn’t become “machine repairmen.”

They starved. They rioted. They were shot by the military or shipped to penal colonies. And it was Engels’ Pause that gave birth to Marxism.

And we’re seeing this again with AI.

The only difference is, this time it won’t take decades to play out. It took the radio 38 years to reach 50 million users. Television took 13. The internet took 4. But ChatGPT hit 100 million users in two months.

We are effectively speed-running the 19th century. We’re compressing 50 years of displacement into less than a decade… and this time the disruption isn’t coming for the illiterate farmhand…

It’s coming for the accountant. It’s coming for the lawyer. It’s coming for you and me.

Right now, knowledge work makes up roughly 50% of America’s GDP and much of that is at risk of automation in the next handful of years.

We’re talking about 5 million white-collar jobs — the bedrock of the American tax base – facing extinction over the next few years. Just take a look at the most recent cuts:

• U.S. Government: 307,000 employees
• UPS: 78,000 employees
• Amazon: 30,000 employees
• Intel: 25,000 employees
• Nissan: 20,000 employees
• Nestle: 16,000 employees
• Microsoft: 15,000 employees
• Bosch: 13,000 employees
• Dell: 12,000 employees
• Verizon: 13,000 employees
• Accenture: 11,000 employees
• Ford: 11,000 employees
• Novo Nordisk: 9,000 employees
• Microsoft: 7,000 employees
• PwC: 5,600 employees
• Salesforce: 4,000 employees
• IBM: 2,700 employees
• American Airlines: 2,700 employees
• Paramount: 2,000 employees
• Target: 1,800 employees
• General Motors: 1,500 employees
• Applied Materials: 1,444 employees
• Kroger: 1,000 employees
• Meta: 1,000 employees

It’s why AI is not just a productivity or efficiency tool, like everyone thinks, it’s a Labor Replacement Engine. And it’s why there’s such a gaping disconnect between the “real” economy and the stock market.

It’s why all the President’s claims of a “booming” economy don’t feel real for the tens of millions of people who don’t own assets.

It’s why, even though markets are hitting all-time highs, households are falling further and further behind. And this wealth divide is only going to be amplified as AI is integrated into every aspect of the economy.

IMF Managing Director Kristalina Georgieva just warned that artificial intelligence will hit the labor market like a “tsunami.”

The changes this will bring to the economy, stock market, and financial system are unprecedented. Which is why it’s critical that you watch my interview with Luke Lango.

We explain how all of these forces are converging to trigger an economic “reset” the likes of which we haven’t seen in 250 years – one that could trigger the greatest transfer of wealth in American history.

Both for the good and the bad.

Young or old. Rich or poor. Left wing or right… there is no escaping what’s coming. And yet, despite this inevitability, I promise you, you’ve never heard a whisper about this story before now.

Almost nobody… not the legacy financial media, political commentators, even the top analysts on Wall Street have connected these dots. But now, we’re sharing the full story with you.

They must only be allowed through accompanied by a western tanker, side-by-side, to ensure full cover by US/Israeli defences.

Purely for their own safety. 🙂

something something Annihilation

“Bulgaria”

Bastion of Freedom!

when Europe is offering to help repair the NordStream pipelines and Z is told to increase flows through Ukraine.