...this system is being lusted after by would-be tyrants in every corner of the globe. This month's case-in-point: Venezuela! That's right, citizens of everyone's favorite socialist paradise are about to be treated to a new ID card...
So you know all about China's social credit system by now, right? You know, the one that I've been talking about for years? The one that we had a sneak preview of 8 years ago in "You Are Being Gamed?" The one that's being trial ballooned at home via Carrot Rewards and other "motivational" point systems?
Yes, I dare say you do, because even if (for some unfathomable reason) you haven't read, watched or listened to everything I've ever done relating to the Chinese social credit scheme (tsk tsk), then you're probably a TV-addled fluoride head who's learned all about it from the MSM repeaters.
But for those two or three people who have been living under a rock for the past few years and somehow managed to avoid the story entirely, here it is in a nutshell: The Chinese government is planning to assign a "social credit" score to every single citizen by the year 2020. The score is a measure of one's behaviour. When you follow the rules, obey Communist Party dictates, post government-approved propaganda and generally behave like a "good citizen," your score will go ...
Yes, it was just three scant years ago that we were treated to all the ballyhoo and tosh about the Paris Agreement and how it was going to save the world.
Every time this market has gone a bit sour over the past 6 years, they’ve found a way to goose it higher.
... it was not merely to line the pockets of the well-connected that the war was fought... it was a chance to change the very consciousness of an entire generation of young men and women
Will this actually help prevent another flash crash? Will the database do what it's supposed to do?
Speaking of Madness, I’m on record saying that AI is a very dangerous thing. Opening areas that will have social impacts.
Endless US launched war in Syria rages. Is aggression on the Islamic Republic coming? Will Trump regime hardliners dare embroil the region in something far more dangerous than already?
Censorship is not harmless folks. When they control the narrative to the point where the only thing you can hear is their version of things, then we’re well on our way.
Quantitative Tightening means that all those dollars that were thrown around the world over the past decade are now being sucked back into the US.
The old adage on Wall Street is that the market climbs the steps going up, but takes the elevator down. It certainly does.
I didn't exactly coin the term, but I'll take credit for identifying it before it existed.
Fair value is not a fail safe, doesn’t always tell you where things are going to open, and becomes useless just minutes into the day.
This is the problem with criminality. Like a cancer, if it is allowed to fester in one part of society it will, sooner or later, spread to others.
I wish it wasn’t so, but as you can see, the worlds in a bit of a mess right now and as we approach the mid-terms, I think all manner of hell is going to break loose.
... it is entirely possible that the next major war will be fought not by human soldiers but by telepathically controlled drone swarms and autonomous weapons. I mean, humans will die, of course, they just won't be required to do the fighting.
A newsletter for economic news, global trends, politics, money, and investment. Published on Wednesdays and Saturdays for subscribers. Get a free sample of our full issue, or Subscribe today.