Technological Unemployment (2013)
KnowledgeBase21·Published on Mar 20, 2013
Technology gradually displacing people.
- Trillions, and trillions and trillions of dollars of debt. Piled high as the eye can see so that the Hubble Telescope may be needed to see how many light years it would take to pay it all off...... {forgive me Carl Sagan for I know not what I do}
This is just one of them that owns our debts:
JP Morgan Chase (JPM)
JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars.
$70 Trillion is roughly the size of the entire world's economy.
The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).
JP Morgan is rumored to hold 50->80% of the copper market, and manipulated the market by massive purchases. JP Morgan (JPM) is also guilty of manipulating the silver market to make billions. In 2010 JP Morgan had 3 perfect trading quarters and only lost money on 8 days. Lawsuits on home foreclosures have been filed against JP Morgan. Aluminum price is manipulated by JP Morgan through large physical ownership of material and creating bottlenecks during transport. JP Morgan was among the banks involved in the seizure of $620 million in assets for alleged fraud linked to derivatives. JP Morgan got $25 billion taxpayer in bailout money. It has no intention of using the money to lend to customers, but instead will use it to drive out competition. The bank is also the largest owner of BP - the oil spill company. During the oil spill the bank said that the oil spill is good for the economy.
JP Morgan Chase also received a SECRET $391 billion dollar bailout from the Federal Reserve.
In 2012, JP Morgan (JPM) took a $2 billion loss on "Poorly Executed" Derivative Bets.
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And he stuck in his thumb and pulled out a plum and said ''what a good boy am I dammit! -- So where's my raise? And so they gave Jamie a raise! In fact, 8.5 million raises!
= new reply since forum marked as read
...lamenting a return to the old employment policies and numbers of jobs we had in the past. When I see complaints that profits are up, that CEOs are getting raises, but no one seems to be getting any jobs. I wonder how others can't see it? How can the answer be as plain as day and yet people continue to demand another answer. One that is more to their liking, rather than the one that reality is handing them.
Because it just isn't true, there are literally thousands and thousands of new jobs being created. They're just going to machines now.
So when I continue to see these complaints, when I see people continue to try to make square pegs fit into round holes, when I see demand after demand being made for Lazarus rise! When people keep kicking this old system telling it to work! And when it won't -- how mad and frustrated they get, I can only throw my hands in the air in disbelief.
Can't they see?
Isn't it obvious enough yet?
A wise man once said: ''There are none so blind as those who will not see.'' I realize that many are still ignoring the warnings because they've grown used to others finding their answers for them. And those sources haven't a clue what to do. The old answers don't work any more and that's all they know. So people don't really know what''s the best thing to do. And they refuse to trust their own judgment. They're afraid to trust their own judgment.
But I also remember as far back as 1970 when I read Alvin Toffler's book, Future Shock that this day would come. So, We. Were. Warned. We have no excuses.
It's here folks. The robots are here for your job.
- That's why we have to change the paradigm, because there really is no other choice.......
