Wary of robots taking jobs, Hawaii toys with guaranteed pay

Here what your very near future looks like. It’s actually already here in a sense with 3D printing, autonomous vehicles on the road, etc… The only thing keeping it from being on a full scale is a catalyst. Robotics and virtual reality are the fourth industrial revolution. Inventions such as HyperLoop will destroy businesses from airlines and taxi services (even Uber) to the postal service and automobile manufacturers.

Logistics will be changed forever — and that’s just one sector. Whatever is redundant will be taken over. This includes not only blue collar jobs such as restaurant services, but white collar jobs such as accounting and financial analysis. A good example would also be in the banking industry where tellers are already replaced with ATMs, and likely soon to be completely replaced and out of work.

A modern day feudal system will be built in response, where the politicians lord over the formerly employed, peasants of today’s times.

 

HONOLULU — Driverless trucks. Factory robots. Delivery drones. Virtual personal assistants.

As technological innovations increasingly edge into the workplace, many people fear that robots and machines are destined to take jobs that human beings have held for decades–a trend that is already happening in stores and factories around the country. For many affected workers, retraining might be out of reach —unavailable, unaffordable or inadequate.

What then?

Enter the idea of a universal basic income, the notion that everyone should be able to receive a stream of income to live on, regardless of their employment or economic status.

Continue reading

Germany Finishes Bringing Gold Reserves Back From France

 

Berlin (AP) — Germany’s central bank says it’s completed a plan to repatriate gold reserves it stashed abroad during the Cold War three years ahead of schedule.

The Bundesbank said Wednesday that 91 metric tons (100.3 tons) of gold had been returned from Paris. Continue reading

The Truth About the Fort Knox Gold

[Shutterstock]

One of the little-known items on the Fed’s balance sheet is a vital asset it received from the U.S. Treasury a long time ago…

During the Great Depression, in 1933, President Roosevelt issued an executive order requiring anyone with gold to surrender it to a Federal Reserve bank or any member bank of the Federal Reserve system.

The Federal Reserve banks also required the commercial banks to hand over their gold to the Fed. Now, suddenly, the gold went out of the commercial banks into the Federal Reserve Bank. Continue reading

In a Beijing ballroom, Kushner family pushes $500,000 ‘investor visa’ to wealthy Chinese

The event was hosted by the Chinese company Qiaowai, which connects U.S. companies with Chinese investors. (Emily Rauhala/The Washington Post)

 

The Kushner family came to the United States as refugees, worked hard and made it big — and if you invest in Kushner properties, so can you.

That was the message delivered Saturday by White House senior adviser Jared Kushner’s sister Nicole Kushner Meyer to a ballroom full of wealthy Chinese investors in Beijing.

Over several hours of slide shows and presentations, representatives from the Kushner family business urged Chinese citizens gathered at a Ritz-Carlton hotel to consider investing hundreds of thousands of dollars in a New Jersey luxury apartment complex that would help them secure what’s known as an investor visa.

The potential investors were advised to invest sooner rather than later in case visa rules change under the Trump administration. “Invest early, and you will invest under the old rules,” one speaker said. Continue reading

Chinese Supercomputers Threaten U.S. Security

One part of where this article goes wrong is the first opening sentence, as China has already eclipsed the United States in supercomputer technology.

However, at least Americans know who they can thank for giving China their threatening capability: Bill and Hillary Clinton through the U.S. Department of Commerce.

Another component of the problem is that the American security apparatus believes in the simple ‘patch and pray‘ fix due to high costs. In other words, they’re also reactive and not proactive… a grave difference.

 

Supercomputers play a vital role in the design, development and analysis of almost all modern weapons systems, said a report by the National Security Agency-Energy Department based on an assessment of China’s new supercomputer called the TaihuLight. Photo by: David Mercer

 

China is eclipsing the United States in developing high-speed supercomputers used to build advanced weapons, and the loss of American leadership in the field poses a threat to U.S. national security.

That’s the conclusion of a recent joint National Security Agency-Energy Department study, based on an assessment of China’s new supercomputer called the TaihuLight.

National security requires the best computing available, and loss of leadership in [high-performance computing] will severely compromise our national security,” the report warns. Continue reading

Total Chaos: Cyber Attack Fears As MULTIPLE CITIES HIT With Simultaneous Power Grid Failures: Shockwave Of Delays In San Francisco, Los Angeles, New York

The U.S. power grid appears to have been hit with multiple power outages affecting San Francisco, New York and Los Angeles.

Officials report that business, traffic and day-to-day life has come to a standstill in San Francisco, reportedly the worst hit of the three major cities currently experiencing outages.

Power companies in all three regions have yet to elaborate on the cause, though a fire at a substation was the original reason given by San Francisco officials. Continue reading

Trump Administration Vows to ‘Devastate’ MS-13 Gang

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L–R: Homeland Security secretary John Kelly, President Donald Trump, ad Attorney General Jeff Sessions. (Mark Wilson, Win McNamee, Michael B. Thomas/Getty Images)

 

President Donald Trump and two of his key cabinet chiefs addressed the growing problem of the violent transnational MS-13 gang on April 18, with Attorney General Jeff Sessions even saying the gang could qualify as a terrorist organization.

Homeland Security Secretary John Kelly called MS-13 one of the greatest hazards the nation faces.

And Trump sent out a tweet: “The weak illegal immigration policies of the Obama Admin. allowed bad MS 13 gangs to form in cities across U.S. We are removing them fast!”

The MS-13, or Mara Salvatrucha, gang was formed in Los Angeles in the 1980s by mostly-illegal immigrants who were escaping the civil war in El Salvador. Continue reading

European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

Table 1: Central bank FX and Gold transfers to the ECB, January 1999

 

The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion. 

The ECB very recently confirmed to BullionStar that its gold reserves are stored across 5 international locations. However, the ECB also confirmed that it does not physically audit its gold, nor will it divulge a bar list / weight list of these gold bar holdings.

Questions and Answers

BullionStar recently put a number of questions to the European Central Bank about the ECB’s gold holdings. The ECB Communications Directorate replied to these questions with answers that appear to include a number of facts about the ECB gold reserves which have not previously been published. The questions put to the ECB and its responses are listed below (underlining added): Continue reading

Titanpointe: The NSA’s Spy Hub in New York, Hidden in Plain Sight

 

THEY CALLED IT Project X. It was an unusually audacious, highly sensitive assignment: to build a massive skyscraper, capable of withstanding an atomic blast, in the middle of New York City. It would have no windows, 29 floors with three basement levels, and enough food to last 1,500 people two weeks in the event of a catastrophe.

But the building’s primary purpose would not be to protect humans from toxic radiation amid nuclear war. Rather, the fortified skyscraper would safeguard powerful computers, cables, and switchboards. It would house one of the most important telecommunications hubs in the United States — the world’s largest center for processing long-distance phone calls, operated by the New York Telephone Company, a subsidiary of AT&T.

The building was designed by the architectural firm John Carl Warnecke & Associates, whose grand vision was to create a communication nerve center like a “20th century fortress, with spears and arrows replaced by protons and neutrons laying quiet siege to an army of machines within.” Continue reading

China designates US’ first renminbi clearing bank: Premier Li Keqiang

Bank of China’s New York branch authorised for the role

China has designated the United States’ first renminbi clearing bank, Premier Li Keqiang said on Tuesday as he welcomed American banks to apply to become clearing banks.

China’s central bank said it had authorised the Bank of China’s New York branch to be a renminbi clearing bank in the United States.

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EXCLUSIVE – NSA Whistleblower: Agency Has All of Clinton’s Deleted Emails

 

PHILADELPHIA – The National Security Agency (NSA) has “all” of Hillary Clinton’s deleted emails and the FBI could gain access to them if they so desired, William Binney, a former highly placed NSA official, declared in a radio interview broadcast on Sunday.

Speaking as an analyst, Binney raised the possibility that the hack of the Democratic National Committee’s server was done not by Russia but by a disgruntled U.S. intelligence worker concerned about Clinton’s compromise of national security secrets via her personal email use.

Binney was an architect of the NSA’s surveillance program. He became a famed whistleblower when he resigned on October 31, 2001, after spending more than 30 years with the agency. Continue reading

Foreign Appetite For U.S. Securities Has Taken a Drubbing

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Chinese and Middle Eastern investors have other priorities.

It wasn’t supposed to be this way.

When the Federal Reserve hiked benchmark rates in December, the initial jump in the short-end of the nominal U.S. yield curve raised expectations that foreign buyers would snap up the country’s assets, thanks to their yield relative to those of other developed markets ravaged by low policy rates.

In fact, net foreign flows to the U.S. have been decidedly weak this year, thanks to an exodus by foreign central banks and sovereign wealth funds, who’ve been dumping U.S. securities in order to raise cash to put to work at home. Continue reading

This U.N. official accidentally crushed his own throat right before he was set to testify against Hillary Clinton

Via YouTube

Call it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary Clinton by testifying they wind up dead. In fact, there’s a long history of Clinton-related body counts, with scores of people dying under mysterious circumstances.

Perhaps the most notable is Vince Foster. Foster was a partner at Clinton’s law firm and knew the inner workings of the Clinton Machine.  Police ruled that death a suicide, though it is often noted that Foster may have been suicided. Continue reading

Why Is the U.S. Embracing Iran – AGAIN?

  • You will see we are not in any particular animosity with the Americans,” Ayatollah Khomeini said, and promised to President Jimmy Carter that Iran would be a “tolerant democracy.”
  • Although the State Department has in its just released annual report on world-wide terror designated Iran as the world’s premier state sponsor of terrorism, the Obama administration has assisted Iranian militias in Iraq with air support, provided intelligence to Hezbollah’s allies on Israeli air strikes, and has steadfastly refused to use any military force against any elements of the Assad regime.
  • America is apparently bent on repeating — yet again — the historic wrong turn it took in 1979 by once again embracing the radical Islamic regime in Iran. Why would the U.S. administration think doing the same thing again will have a different outcome?

Senior leaders from the Kingdom of Saudi Arabia are in Washington, meeting with top U.S. diplomatic and defense officials, and are deeply concerned America has significantly worsened the situation in the Middle East by creating a “strategic partnership” with Iran. Continue reading

China Dumping More Than Treasuries as U.S. Stocks Join Fire Sale

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For the past year, Chinese selling of Treasuries has vexed investors and served as a gauge of the health of the world’s second-largest economy.

The People’s Bank of China, owner of the world’s biggest foreign-exchange reserves, burnt through 20 percent of its war chest since 2014, dumping about $250 billion of U.S. government debt and using the funds to support the yuan and stem capital outflows.

While China’s sales of Treasuries have slowed, its holdings of U.S. equities are now showing steep declines. Continue reading