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Old December 8th, 2016 #1
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Post Rise Of The Machines: Millions Of American Jobs Will Be Wiped Out In The Next Five Years

There is a paradigm shift coming and it is about to rewrite everything we know about economics, human labor, and government dependence.

Amazon Go is a system that marries physical stores with advanced algorithms and sensors to eliminate the need for a typical store checkout. Instead of packing all the things you need into a basket or cart and then dragged it through a tedious checkout process, you just grab whatever you need and walk out of the store.

It sounds like a shaky concept at first, but only until you see just how advanced the technology really is. When you first walk into the store, you use your smartphone to open you virtual shopping cart. As you make your way around the store, a vast system of sensor tracks where you are, what you pick up, and what you take with you. The system even knows if you pick something up and then put it back, and will only charge you for things you actually intended to buy.

Amazon’s latest move is simply the next evolution designed to make human labor obsolete.

As Mish Shedlock recently pointed out at Mish Talk, the transition to automated systems like Amazon Go, as well as technologies like self-driving cars and long-haul trucks, has been fast tracked.

We’re talking tens of millions of jobs. And they’ll be gone within half a decade’s time.

The answer, according to Silicon Valley, which is driving the new paradigm full force, is quite simple and has been detailed in the highly rated documentary Obsolete from Aaron and Melissa Dykes (available free for Amazon Prime subscribers).

It’s called “universal basic income,” or UBI, and essentially means that every member of society will be given a paycheck to meet their most basic needs.

Robotics and artificial intelligence technology are advancing at a pace that will soon replace tens of millions of jobs in key economic sectors that include food service, grocery, transportation and customer service.

What the end result will be is anyone’s guess, but we suspect the transition could destabilize the global economic system, complete with violence and revolution.

Here is what else is Wiping out Americans. NO MO FREE MONEY… Just a few articles ago I said the Fed is to raise rates on Dec 14th as reported by Marketslant, and that banks already have been raising interest rates in anticipation. Well here are some numbers that are Bone Chilling.

So more than half of the people wanting Mortgages or refinancing before the election, are now shut out just due to 1/2 point in mortgage interest rate increases. Interest rate increases will crush the masses with more of their money going to interest, instead of the Principal to pay the debt off. Also shoppers, buy all your Xmas gifts before Dec 14th, as after that date the interest on purchases will rise, if your plastic rate is tied to the Fed rate which many are.

Americans are screwed anyway we look at it. Everybody needs to just stop paying on all debts, all credit cards and all mortgages. Screw the Banks.. Th

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read full article at source: http://www.shtfplan.com/headline-new...years_12072016
 
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