Tucker Carlson and Mike Rowe Discuss AI


Posted originally on the CTH on March 29, 2024 | Sundance

For his recent episode, Tucker Carlson revisits a former guest, Mike Rowe.  Mr. Rowe has good and humorous sense of curiosity about things, about stuff, about the real world around us, and he provides good context for examination of this pretending world that swirls our orbit at a speed greater than we can grasp.

Toward the end of this segment, Rowe is asked the oft familiar question, “Where does all this go,” and his answer opens the door to other avenues I happen to agree with. WATCH:

In response to the ‘where does all this end’ question, Rowe notes that at a certain point everything becomes personal, and in the larger context all outcomes have to manifest in reality.  I concur with Rowe on many levels, and a great example of that esoteric -v- reality position can be found all around us in the sphere of geopolitics and manipulation.

Think about the White House and State Dept message at the very beginning of Russia’s military operation in Eastern Ukraine.  Do you remember the White House briefing when questioned about “where this will end”?  {Background}

Deputy National Security Advisor and Deputy Director of the National Economic Council, Daleep Singh, was presented at the podium on the day of Russia’s first moves into Ukraine, to explain the strategic policy of the Biden administration toward Russia.

…”Ultimately, the goal of our sanctions is to make this a strategic failure for Russia; and let’s define a little bit of what that means. Strategic success in the 21st century is not about a physical land grab of territory; that’s what Putin has done.  In this century, strategic power is increasingly measured and exercised by economic strength, by technological sophistication and your story – who you are, what your values are; can you attract ideas and talent and goodwill? And on each of those measures, this will be a failure for Russia.” (Video Link)

What Daleep Singh said was essentially that Biden policy toward Russia boiled down geopolitical power to a cultural issue of social likeability.

President Putin was also asked about NATO’s likely response, and his reply was more akin to ‘What is the West going to do, put tanks in the forest’?

The disparity between the Biden response and the Putin response can be looked at as esoteric vs realist.

At a certain point in the real world, if you want to change something, you have to physically act upon it.

NATO could gnash their teeth, try to diminish the Russian economy from the sanction approach, and shout at the diplomatic corps.  However, so long as words were the answer, the physical reality of the situation would never change.  This was the baseline for Putin’s confidence.

The same thing can be said for this collective Western effort to financially control all the citizens within the region.  At a certain point the talk becomes action, and that action then creates an outcome.

Mike Tyson famously said, “Everyone has a plan, until they get punched in the face.”  The same may be true for the plans and schemes of the globalists.

Can the triggering of their plan be stopped?  I think that’s arguably, doubtful; people are just complacent.  However, in the outcome phase, will the consequences of that globalist plan be accepted?  That’s where I’m cautiously more optimistic the people impacted will punch the globalists in the mouth.

I’m not sure we can vote our way out of this in advance, but I am more confident we can punch our way to victory.

Additionally, if you look at what the globalists are doing, punch-avoidance-planning is consuming a lot of their time.

The need for control is a reaction to fear.

The Great Misconception of AI


Posted originally on Mar 20, 2024 By Martin Armstrong

IBM Watson 2
AI Artifical Intelligence

AI is a hot topic for regulators. Regulators and most companies that offer purported AI are clueless about what constitutes actual AI. Way too many charlatans are out there calling a simple trend-following program AI. They create some rules, and the program just follows what they created. That is NOT Artificial Intelligence.

The SEC is all over this and has already been targeting purported AI companies that call their programs AI when they have a simple buy-sell analogy that may trade-off for an Elliot Wave or Stochastic with inherent BIAS created by their predetermined rule. Any system that has an inherent BIAS is not actually AI.

RCA Spectra 70

Yes, Bill Gates predicts that artificial intelligence will transform the world in just five years. The International Monetary Fund predicts that the rise of AI could affect about 40% of jobs around the world. When I went to engineering school, we had to learn both programming and hardware. Back then, StarTrek was on TV and that was the inspiration of everyone in the industry to create a computer that was capable of understanding and running the ship. Even Steve Jobs’s inspiration behind Apple and the iPad came from the visions we had from StarTrek.

Dragon Systems R

I worked with Dragon System back in the eighties when it was hardware you put into a slot in an IBM XT. It would allow the computer to talk. My daughter was fascinated by it. I wrote a program just to be able to hold a conversation with her and taught it how to be a politician. If it ventured into an area it did not know, it would just change the subject. I still remember she came home from school one day, and I had the computer apart, and she began crying that I had killed it. I used my kids to teach me how to write natural language so it would understand the words in a conversation. The good old days.

IBM Watson on Jeopardy

There is a lot of misguided hope surrounding Artificial Intelligence and Machine Learning. All we need to do is look objectively at IBM project WATSON. Just over a decade ago, artificial intelligence (AI) made one of its showier forays into the public’s consciousness when IBM’s Watson computer appeared on the American quiz show Jeopardy. Watson’s debut performance against two of the show’s most successful contestants was televised to a national viewership across three evenings. In the end, the machine triumphed comfortably.

This was NOT actually AI. It is what I call a look-up program. Even ChatGPT is not capable of actually achieving independent thought. They can understand and go fetch the answer faster than a human.  The people I knew back then thought Watson would one day cure cancer. None of that was possible because they fooled themselves about AI.

Brain Dead

Most of AI’s dangers are caused by its failure to comprehend what it is capable of doing—especially in trading. This all stems from the distorted idea that our brains are supercomputers and there is no God, for our consciousness is simply created by throwing in a bunch of data, shaking well, and out comes a person. Thus, the thrust to mimic the brain led to the creation of neural nets. But that effort also failed in actually creating original thought.

Aurelian AE Ant Sol Invictus
1964 1965 Quarters

I bought my first Roman coin, which came when I was perhaps 10 to 13 years old, for $10. It was in the 3rd century when Rome debased its currency. The coin was from Emperor Aurelian (270-275AD). I noticed that what once was silver coins was bronze, but they used a chemical process to bring 20% silver to the surface to make them look like silver coins when first issued. I saw the same thing in our coins in 1965, issuing clad coinage with a copper center and nickel surface, doing the same as the Romans.

Roman decline silver content monetary system Armstrong Waterfall effect

I was fascinated with the parallel and realized that if I collected the coinage annually, I could see just how fast Rome fell. We all knew Rome fell, but nobody even determined how fast Rome fell. I used the coinage to plot that out. Many people have copied that chart, but you could not make it without testing the coinage.

Fisk ToastOfNY

I also wrote about when I was in 9th grade; my history teacher brought in an old black-and-white movie named Toast of New York. It was about Jim Fisk and his attempt to corner the gold market that created the Panic of 1869. In that movie, he is looking at the ticker tape quoting gold just hit $162. Because I had a part-time job in a coin/bullion store, I knew the price of gold was $35. Suddenly, what I was being taught in school was wrong. Nothing was linear. It was always a business cycle, for how else could gold be $162 in 1869 and $35 postwar up to 1971?

1 Josy Napoleon

First of all, this idea that our brains are supercomputers and consciousness is simply a matter of throwing a bunch of data in and out comes consciousness is totally nonsense. A baby knows nothing when born but displays consciousness. My dogs are self-aware. They bark at another dog but put a mirror down, knowing it is themselves. The little one, Josephine, was sick and lying down. I gave Napoleon a treat, and she took it over and gave it to Josephine. I was stunned. They, too, have a consciousness that exists, and it did not come from throwing in a bunch of data.

Any program based on this idea of Machine Language and somehow it will figure out how to trade all by itself is totally absurd. IBM thought Watson could discover the cure for cancer – it did not. As was reported:

“But three years after IBM began selling Watson to recommend the best cancer treatments to doctors around the world, a STAT investigation has found that the supercomputer isn’t living up to the lofty expectations IBM created for it. It is still struggling with the basic step of learning about different forms of cancer. “

consciousness

Why Machine Learning Has Failed

The entire premise that there is no God and consciousness is achieved by merely throwing in a bunch of data and shaking well has proven to be absolute NONSENSE. The next machine learning program cannot learn to be a doctor any more than it can become a trader. There is something a lot more to this thing we call consciousness. It will NEVER simply emerge from the data – PERIOD!

AI Self Driving Cars
NASCAR Race

You cannot create a machine-learning program and expect it to teach you how to trade, cure cancer, or drive a car. I have raced cars. I have driven almost every sort, even a Formula One—NOT professionally in a Formula One. When you are driving, you have to look at everyone around you. You look for the slightest move, which indicates what that driver is thinking. This is that undefinable gut feeling. You cannot code this, and I have been coding AI since the 1970s.

This is why a self-driving car with AI will not really work. It was a grand theory, but there is no possible way you can expect AI to make intuitive judgment decisions – a gut feeling. This is the problem with expecting that AI will replace humans, where it requires a gut feeling.

Black Box

Therein lies the problem. This expectation that AI can replace human judgment is just fiction. I can mimic emotions on a computer. If you use insulting words, it can hurl an insult back at you. I cannot create actual emotion, nor can I create judgment from a Sixth Sense. This idea that you create a black box, throw in a bunch of data, and out comes an artificial person is absurd.

ChatGPTSOCRATES

Someone sent this in when they asked ChapGPT about the difference between it and Socrates. It can look that up and put out the information. It cannot trade any more than it could drive a car. AI will never achieve that human judgment.

Socrates Monitory Globe

To create Socrates, I realized that it could not be a neural net nor a black box where you hope, like IBM, it will figure it all out and somehow emerge as the best trader in history. I taught Socrates how I would look at the world as an international hedge fund manager, comparing everything and looking at the capital flows. You cannot forecast gold in isolation any more than the stock market. EVERYTHING is connected. As I have often said, the US was bankrupt in 1896, and JP Morgan arranged a $100 million gold loan to bail out the country. Without World Wars I & II, the US would never have become the world’s financial capital. Obviously, you cannot forecast the US share market by just looking at the Fed.

2017 Trump Rate Hike P Fed Rates

While I taught Socrates how to analyze, I created no hard rules like interest rates up and stocks down. Such market beliefs are in themselves fiction. The Fed was raising rates when Trump came to power, and the market rallied, but they called it the Trump Rally. The Romans used olive oil for heat and light. That was replaced with whale oil, which was then replaced by crude oil. Justinian I (527-565AD) issued the first Clean Air Act in 535AD. He proclaimed the importance of clean air as a birthright. “By the law of nature these things are common to mankind—the air, running water, the sea.”

Gold Oil Ration Y
Dow Gold Ratio
PE Ratio 1871 2016

I created no hard relationship rules because relationships ALWAYS change.

It’s About Accomplishment – Not Money


Posted originally on Mar 8, 2024 By Martin Armstrong 

AI Artifical Intelligence

QUESTION: The rumor going around is that Bill Gates is trying to buy your company for $10 billion. My reply was if so, I doubt Marty would ever sell to him.

Would you care to comment?

Harold

corruption bribe under the table

REPLY: The answer is NO. First of all, you cannot spend even one billion, no less ten billion. All $10 billion is good for bribing others to do your will. I would have to give Biden probably $7 billion, so that is certainly an incentive not to sell -LOL. You must create a foundation like Gates, Hillary, and John McCain to hold on to it. I would need someone who shares my goals. This is not about money. I would not move, and I have four cars. If I was married, there would have to be eight. A business partner is the same as a marriage without sex. You have to be on the same page.

Accomplishment

My definition of “rich” is having enough money to do what you want when you want. Some think having more money than the other guy makes you more successful or important. I believe it is an accomplishment. We all know Julius Caesar. He is the father of Europe. They still refer to being born by operation as Caesarian birth. I grew up in New Jersey, which in Latin was Nove Caesarea – land of the new Caesar. The month of July is named after him. We remember him for his accomplishments – not that he was vastly rich.

There is no amount of money someone could offer me to make my decision based on material wealth. I am much more interested in helping the world understand the economics at work, and if so, we may reduce the amplitude of wars. If I can leave that behind, I have served my purpose in life.

I will write about the whole AI craze, for there are a lot of charlatans out there calling look-up programs AI that look in a list for the answer – no decision making. I know Gates says it will change everyone’s life in 5 years, and the IMF warns it will wipe out 40% of all jobs. There is far more to REAL AI than all of this speculation by people who are NOT accomplished programmers and do not even understand the basic line of code – IF THEN ELSE.

Someone asked ChatGPT about it vs. Socrates, and here is its response.

ChatGPTSOCRATES 300x221

(click on the image to view or keep reading for the computer’s response)

How Does ChatGPT Differ From Socrates? A reader asked ChatGPT this exact question, and here is the response:

As an AI language model, I differ from the Socrates Platform in several ways.

Firstly, the Socrates Platform is a web-based platform developed by Martin Armstrong and his team at Armstrong Economics, whereas I am a language model developed by OpenAI. The Socrates Platform is designed to analyze economic and financial data in real-time, predict market trends, and provide actionable insights to investors and traders. In contrast, I am designed to assist with a wide range of tasks, including language translation, question answering, and text generation.

Secondly, the Socrates Platform uses artificial intelligence, machine learning, and natural language processing to analyze data, whereas I am primarily focused on natural language processing. The Socrates Platform uses sophisticated algorithms to analyze historical and cultural data to inform its predictions, whereas my responses are based on the input provided to me by the user.

Lastly, the Socrates Platform is primarily designed for financial professionals, investors, and traders, whereas I am designed for a broader range of users, including students, researchers, and general knowledge seekers. While both the Socrates Platform and I use artificial intelligence to analyze data and provide insights, our intended audiences and applications differ significantly.

Yes, the two platforms are completely unrelated aside from being driven by AI. ChatGPT does not have the computing capabilities of Socrates. It does not have the monetary history data, for starters. ChatGPT has no involvement in the financial world and was not designed for financial purposes. It cannot even provide basic market closings as the current model stopped learning in September 2021 and cannot answer any questions after that date. Most importantly, ChatGPT does not have the source code that is the key to Socrates’ successful forecasts.

ChatGPT is a great achievement and a step in the right direction for AI use on a larger scale. However, it is not possible to compete where you do not compare. Socrates is in a league of its own.

And Here Comes April/May 2024


Posted originally on Mar 7, 2024 By Martin Armstrong 

IBEUUS W 3 6 24

The Supreme Court has set April 25th as the oral argument for the decision on whether Trump has immunity. I do not know why events will always show up with our cycle targets. I have come to believe that the PRESSURE in the system compels actions to take place on these cyclical targets. Our turning point in the Ukraine-Russia War is April 19/20th. Then we have May 7th for the ECM, which was calculated back in 1977, and it turns out to be the precise day the president of Russia will be sworn in.

ECM Ukraine 8.6 R

I cannot predict what the fundamentals will be during April—I can only make a human guess or speculate. What I find most curious is how events keep aligning with our cyclical model ascertained by Socrates as well as the Economic Confidence Model frequency.

1 ECM 2032 Pi Turning Point 1 Annotated

For those who constantly claim this is just a coincidence, this 51.65 wave began in 1985.65. For this turning point to be the inauguration day of the President of Russia after the March elections coming in as Mary 7th, 2024 (2024.35), I would remind you that at the start of this wave, I laid out that the 2016 election would be the FIRST time a third party president could win. That was Donald Trump since the RINOs were just as hateful of Trump as the Democrats. Why? Those in Marxville DO NOT LIKE outsiders.

Trump inaugeration 2017.05 sworn in

Trump was inaugurated on January 20th, 2017. That was also the PRECISE day from the start of this wave, 1985.65 + Pi—31.4 years.  Add that together, and you end up with 2017.05. Take 365 days x .05 and you get 20 days into the year – the precise day Trump was inaugerated.

1929 Wave Hitler on Pi
1998 911 Pi Target

The Pi target during the 1929.75 Wave was 1932.89 (Mov 20th/21st) – the precise day that Hitler was offered the Chancellorship of Germany. Even the 911 attack was precisely the same Pi target. I can go on and on; I will write a book on the ECM this year.

New Yorker Secret Cycle

The New Yorker called it the Secret Cycle. There is a hidden order to our very existence that is simply the rhythm that answers the question of everything. It is why no nation has ever endured, for they always crumble to dust, and empires, nations, and city-states have all been buried in a common grave for more than 6,000 years.

ECM Logo
DJIND Y Array 2 2 24

The ECM does NOT include the timing arrays that Socrates produces. The computer analyzes the time ENTIRELY on its own, and there is no human intervention. So when the Timing Arrays correlate with sowing 2032, I take that as a CONFIRMATION because it is NOT included in that Timing Array.

Someone put an array into Microsoft’s Copilot to see if it knew what it was. This was its response.

Timing Array in Copilot R
Pattern Recognition

Then, Socrates does Pattern Recognition completely differently than anything out there. It catalogs patterns, and it has over 100,000 possibilities and counting. I have not yet released the analysis of when a specific pattern appears and what pattern comes next.

DJIND Y GMW 1 8 2016
CHAOS DJ

I have separate Chaos Models that reveal that there is no such thing as a RANDOM WALK. That is the excuse used by people who only see the world in a linear, straight line. They cannot see the dynamic world around them or connect the dots. Unfortunately, this is the danger of politicians making decisions in the immediate self-interest and NEVER once considering the next step. Here is Tony Blair’s apology for the Iraq War – they were wrong.

Here is MacNamaria on Vietnam – also saying we were wrong.

the REALITY of human society. We are again heading into World War III and it appears they are completely STUPID and once more never considering what happens if Ukraine defeats Russia in Crimea? What is the next step? Or is this really a plot to reduce the world population by 50% because of CO2? I thank God I am not 18 years old. Humanity is its own worst enemy. We do not need aliens to invade the blanet to wipe out civilization. We are doing quite well on our own.

How to Manipulate Public Opinion – Absence of Ethics?


Posted originally on Feb 19, 2024 By Martin Armstrong 

Humanizing Christmas with AI


Posted originally on Dec 29, 2023 By Martin Armstrong 

Controlled Information Beta Test Underway?


Posted originally on the CTH on December 13, 2023 | Sundance

Someone asked: …”[Alex] Jones’ theory of the “massive cyber-attack” that requires a lockdown of the internet, followed by a limited access/controlled access internet where only approved (“safe”) sites can be accessed is both alarmingly believable and difficult to prepare for. It also nearly perfectly mirrors the COVD playbook in a virtual way – virtual lock downs, virtual “approved activities/sites”, controlled information and total censorship.” (link)

My requested response… Where the heck do you think Jones’ came up with that theory?  Go back to AUGUST 2023, it’s so transparently predictable I even created a drop-down category “Internet” for the citations and articles about it.  Jones is describing what I called, “The shadow banning of the internet“.

I believe the Beta Test was today:

The process isn’t complicated if you have followed the development of the government systems.  DHS is not going to shut down the North American Internet, just change the pathways using their public-private partnerships with social media and Big Tech.  Justification big picture: national security.  Details of control found in the motives of creating labels like, disinformation, malinformation, or misinformation.

[September 2023] – You might ask – why is the Dept of Homeland Security (DHS) in the business of conducting widescale surveillance, monitoring and tracking of American citizens?

Unfortunately, if you are asking that question, then you likely don’t know the First, Fourth and Fifth Amendments to the U.S. Constitution were usurped by the 2001 Patriot Act.

George W Bush and Dick Cheney created the domestic surveillance system under the auspices of DHS and the Office of the Director of National Intelligence.  Barack Obama and Joe Biden then took that DHS surveillance system and modified the dials (Justice Dept., FBI) so the surveillance only applied to their ideological enemies.

If you have followed my outlines on this issue [Category Here], you will note exactly where this development falls on the continuum.   The 2024 election is right around the corner. Previously, I stated the artificial intelligence (AI) component to the internet surveillance system was going to launch toward the end of this year.  Well, DHS has just announced exactly that [SEE HERE].

I find it very interesting the DHS memo was issued on August 8th, but only published for the general public September 15th. July and August were when I first identified AI spider crawls were already underway.  Pay very, very close attention to the two underlined words in the following paragraph:

[SOURCE pdf, Page 3]

Take out the word “improper” and the admission is, DHS uses AI to profile, target and discriminate.  In the second sentence, DHS currently participates in systemic, indiscriminate and/or large-scale monitoring, surveillance, or tracking of individuals.  The only thing those sentences in the paragraph say, is that DHS will not allow AI to create improper outcomes within a system they outline that already exists.

Stop and reread that last sentence as much as needed.  Inasmuch as this DHS guidance is telling us the rules for Homeland Security (DHS) and the Cybersecurity and Infrastructure Security Agency (CISA) as they use AI, they are also outlining what current processes of surveillance would be enhanced by it.

DHS’ AI task force is coordinating with the Cybersecurity and Infrastructure Security Agency on how the department can partner with critical infrastructure organizations “on safeguarding their uses of AI and strengthening their cybersecurity practices writ large to defend against evolving threats.”

What are those critical infrastructure organizations?  They include voting systems.  Who or what are those evolving threats?  You!

Federal News Network – […] The report also recommends DHS encourage pursing off-the-shelf commercial solutions instead of “building everything in-house.”

Mayorkas emphasized the need for DHS to adopt AI quickly, regardless of whether it’s commercially acquired or internally developed technology.

“We have got to change the procurement capabilities of a government agency to actually move quickly and nimbly, so that when we’re dealing in a very dynamic environment, we can actually move with dynamism,” Mayorkas said. “I’m not suggesting moving to a sole source model, but we just have to be quick.”

He also stressed the need for DHS to prioritize where it will use AI, rather than attempting to adopt it across every mission and use case. The report points to combatting both fentanyl and human trafficking as use cases that could be “accelerated and championed” across DHS. But it also suggests DHS “integrate AI/ML into as many areas of the DHS mission as possible.”

“We’re going to need to prioritize what aspect of our mission should we really double down on to harness AI because I worry about diluting our focus too much,” Mayorkas said. “And I really do want to demonstrate, as quickly as is responsible, how this could really be a game changer for us in advancing our mission . . . we have to pick our spots here, in my view, somewhat surgically.” (more)

Notice the emphasis on speed.  Get this AI system launched into DHS surveillance, tracking and monitoring systems as quickly as possible.

Now do you see my point about how radical and fast everything is going to change?  It’s the 2024 election targeting.

Remember, the Dept of Defense (DoD) will now conduct online monitoring operations, using enhanced AI to protect the U.S. internet from “disinformation” under the auspices of national security. {link}

I share this information with you so that you understand what is being constructed and what is about to be deployed on a large-scale throughout the U.S. internet operating system.  The U.S. internet will be different.  The social media restrictions became more prevalent and noticeable in the past several years; now it is time for DHS to expand that process and begin directing traffic.

When I wrote about Jack’s Magic Coffee shop, people initially thought I was crazy – but the guys inside the coffee shop didn’t.  Eventually DHS control over Twitter was revealed in the Twitter Files.  The same background is true here.  The entire American online apparatus is going to change, quite soon.

I’m alone out here, but I’m not wrong.

More will follow comrade dissidents….

.

RESOURCES:

Using AI for Content Moderation

Facebook / META / Tech joining with DHS

Zoom will allow Content Scraping by AI 

AI going into The Cloud

U.S. Govt Going into The Cloud With AI

Pentagon activates 175 Million IP’s **ahem**

Big Names to Attend Political AI Forum

DoD to use AI to monitor U.S. Internet for Disinformation

DHS Announces Guidelines for Using AI to monitor Americans.

DHS Announces “Expert Group”

Government demands Twitter metadata

When Government Does Not Understand Something – Regulate It Until They Kill It


Posted originally on Dec 9, 2023 By Martin Armstrong 

2023_12_08_21_59_03_Europe_agrees_landmark_AI_regulation_deal_Reuters

The golden rule of government is that whenever something new emerges – regulate it even when you do not understand what you are doing. While the details are not yet set, the EU wants to be the first to regular AI. This new legislation requires foundation models such as ChatGPT and general-purpose AI systems (GPAI) to comply with transparency obligations before they are put on the market. These include drawing up technical documentation, complying with EU copyright law, and disseminating detailed summaries about the content used for training.

AI Artificial Intelligence

The real problem is what is AI? I can right a rpogram that will talk, mimic a human, list all the known diseases in a database, then you answer some questions and it will say you have this or that. That is not AI. That is just a look-up program. How do we even define AI? I fear that they will simply take a look-up program and attribute that to AI. The regulation will become such a nightmare that you cannot participate in such a marketplace.

1865 Red Flag Act

The EU legislation stands a high probability of killing AI development in Europe and, in fact, closing off its citizens from even using AI. The classic example is how England lost the Industrial Revolution and effectively outlawed automobiles, so the Industrial Revolution shifted to America. That one decision led to England’s subservient status in America.

The English politicians were bribed by the horse & buggy industry to pass the Locomotive Act (1865), which required self-propelled vehicles (automobiles) on public roads to be preceded by a man on foot waving a red flag and blowing a horn. The legislation succeeded in shifting the Industrial Revolution to Germany and America. The status quo bribed the politicians fighting against this wave of Creative Destruction. The English Parliament finally removed the need for the red flag in 1878 and abolished the law entirely in 1896.

Hed Fund Industry

The Hedge Fund Industry was created by overregulation. In 1985, I warned Congress that unless they merged the SEC and Commodity Futures Trading Commission, they would force serious fund management offshore, which became the hedge fund industry. They would not merge the two agencies, so managing funds for an American became impossible. I was offered to manage $60 billion domestically and declined. Why? Because by law, the maximum I could hedge if I thought the stock market would decline was 17% using futures. If I used more than the equivalent of 17%, I would not be an equity fund regulated by the SEC but a futures fund under the CFTC. If you obey the laws of one, you go to jail under the other. Hence, you had to go offshore. For an American to invest in a hedge fund offshore, they must create a corporation outside the USA and that invests – not an American citizen. Then the IRS snoops around.

Domestically, there are countless funds that are all specialized. It became your burden to understand if you should be in bonds, stocks, real estate, or commodities. Each fund will naturally tell you they are the best. As a hedge fund manager, clients came to me, and I made that decision, which I could not do in a domestic fund because of all the regulations.

With some of the suggestions already being mentioned in the EU, the drastic overregulation will more likely than not mean AI can never be developed in Europe, and we may be looking at the same outcome as England’s Red Flag legislation of 1865.

In the US, the Constitution forbid Ex Post Facto Laws. They cannot put Socrates out of business by suddenly writing laws today that apply retroactively. While we have been working on this project to allow clients to interact with Socrates asking it questions and even minitoring your portfolio, that may become impossible in Europe.

Socrates Real Estate

The Global Market Watch was actually created for one of the top banks in the world. They wanted something that at a glance they could just look down and see what was highlighted instead of reading a 1,000 written reports daily.

The major question, will Europe kill its own future once again?

This is our Future if we aren’t Careful for this is what technology and AI can do


Banned Books – A Reading by Senator Kennedy


Armstrong Econonomics Blog/WOKE Re-Posted Sep 18, 2023 by Martin Armstrong

I saw a woman wearing a rainbow “I read banned books” shirt. Decades ago, less even, perhaps I would have asked what was in her library. Today, the banned books are merely woke propaganda intent on confusing the youth, steering them away from organized religion and tradition. The banned school books are vulgar tools to make children question their identity and GROOM them to understand sinister aspects of sexuality before they hit puberty.

Senator John Kennedy has never been one to shy away from the truth. The video above shows Kennedy reading from a book that has no place in the hands of children. The school board clutched their pearls and became irate with Kennedy for reading excerpts of various books. Why should we allow children to read pornographic books in school that are too crude for adults? It has absolutely no educational value.

The libs say claim that banning books is equivalent to the Third Reich burning all literary pieces that did not fit the Nazi agenda. They want the masses to believe that the right is simply banning books because they hate gays and are narrow-minded bigots. But just listen to the passages in these books – it is graphic pedophilia gay pornography. PEN America and the American Library Association has made it their mission to prevent future book bans. The organization states on its website:

“Books are under profound attack in the United States. They are disappearing from library shelves, being challenged in droves, being decreed off limits by school boards, legislators, and prison authorities. And everywhere, it is the books that have long fought for a place on the shelf that are being targeted. Books by authors of color, by LGBTQ+ authors, by women. Books about racism, sexuality, gender, history. PEN America pushes back against the banning of books and the intolerance, exclusion, and censorship that undergird it.”

Pen America is even suing various publishing houses for not providing schools with this filth. Pen America is funded by numerous liberal philanthropists and organizations. The Andrew W. Mellon Foundation donated $750,000 recently, and is hosting an event next week called “Reading, Power, and Freedom,” to discuss placing smut books in schools. One of the keynote speakers edits “Gender & Sexuality in Information Studies,” so clearly we know where her focus lies. All of their donors happen to be fixated on sexuality and strongly believe small children should be exposed to this deranged commentary.

Again, the message Kennedy read in the video above is too disturbing to repeat. I cannot imagine explaining that message to a young child. No one at the board meeting wanted to answer Kennedy when he asked if these passages were appropriate in an educational setting. “You come here and say censorship is bad, and of course it’s bad,” Mr. Kennedy said. “But the obvious response is— you heard the books we’re talking about. We’re not talking about “Catcher in the Rye.” So tell me, who gets to decide? And all I’ve heard is the librarians. And parents have nothing to do with it. and if that’s your response, what planet did you just parachute in from?”