Hurricane Michael Enters Georgia Retaining 125 Cat3 Windspeed….


Hurricane Michael made landfall near Mexico Beach, FL, as a strong 155 mph hurricane.  The storm is now entering the southeast Georgia area while retaining quite a bit of energy.  The 5:00pm EST advisory: Maximum sustained winds are near 125 mph (205 km/h) with higher gusts. Michael is a dangerous category 3 hurricane on the Saffir-Simpson Hurricane Wind Scale.

STORM SURGE: Water levels are beginning to recede in some locations, however, the combination of a dangerous storm surge and the tide will continue to cause normally dry areas near the coast to be flooded by rising waters moving inland from the shoreline. (read more)

Due to the speed of the storm there will be convoys coming to construct a pre-planned electricity grid recovery process even before nightfall today. Convoys from every city, town and state from the east-coast to the mid-west. A glorious melding of dirty fingernails all arriving for the meet-up. Depending on your proximity to the bigger picture objectives at hand, you will cherish their arrival.

But first, there will be an assessment. The convoys will stage at pre-determined locations using radios for communication. Most cell phone services will likely be knocked out. Recovery teams will begin a street-by-street review; everything needs to be evaluated prior to thinking about beginning to rebuild a grid. Your patience within this process is needed; heck, it ain’t like you’ve got a choice in the matter…. so just stay positive.

Meanwhile, you might walk outside and find yourself a stranger in your neighborhood.

It will all be cattywampus.

Trees gone, signs gone, crap everywhere, if you don’t need to travel, DON’T.

I mean CRAP e.v.e.r.y.w.h.e.r.e.

Stay away from power-lines.

Try to stay within your immediate neighborhood for the first 36-48 hours. Keep the roadways and main arteries clear for recovery workers, power companies and fuel trucks.

Florida Recovery Staging Area

Stage one focuses on major arteries… then secondary… then neighborhood etc. It’s a process. Oh, and don’t get mad if your fancy mailbox is ploughed-over by a focused front end loader who is on a priority mission to clear a path. Just deal with it. Those same front-end loaders will also be removing feet of sand from coastal roads. Don’t go sightseeing… stay in your neighborhood.

For the first 36-48 hours, please try to stay close to home, in your neighborhood. Another reason to stay close to home is the sketchy people who can sometimes surface, looters etc. Staying close to home and having contact with your neighbors is just reasonable and safer.

Phase-1 recovery is necessarily, well, scruffy…. we’re just moving and managing the mess; not trying to clean it up yet. It’ll be ok. There are going to be roofing nails everywhere, and you will likely get multiple flat tires in the weeks after the hurricane.

Now, when the recovery teams arrive…. If you are on the road and there’s a convoy of utility trucks on the road, pull over. Treat power trucks and tanker trucks like ambulances and emergency vehicles. Pull over, give them a clear road and let them pass.

When everyone gets to work, if you see a line-man, pole-digger or crew say thanks. Just simple “thanks”. Wave at them and give them a thumbs-up. No need to get unnecessarily familiar, a simple: “thank you for your help” will suffice. You know, ordinary people skills.

Many of these smaller crews will be sleeping in cots, or in their trucks while they are working never-ending shifts. Some will be staging at evacuation shelters, likely schools and such. The need to shelter people and recovery crews might also delay the re-opening of schools.

Power Crews prep, fuel-up and prepare to rebuild power grid…

Once you eventually start getting power back, if you see a crew in a restaurant, same thing applies… “thanks guys”. If you can pay their tab, do it. If you can pay their tab without them knowing, even better.

Same goes for the tanker truckers. The convenience stores with gas pumps are part of the priority network. Those will get power before other locales without power. Fuel outlets are a priority. Fuel is the lifeblood of recovery. Hospitals, first responders, emergency facilities, fuel outlets, then comes commercial and residential.

Remember, this is important – YOU are the first responder for your neighborhood. Don’t quit. Recovery is a process. Depending on the scale of the impact zone, the process can take days, weeks and even months.

Take care of your family first; then friends and neighborhood, and generally make a conscious decision to be a part of any needed solution.

Pray together and be strong together. It might sound goofy to some, but don’t be bashful about being openly thankful in prayer.

It will be ok.

It might be a massive pain in the a**, but in the end, it’ll be ok.

Hurricane Michael Becomes an Extremely Dangerous Category 4 Storm….


Unfortunately the predictions of continued strengthening have proved accurate. Hurricane Michael now holds sustained winds over 130 MPH with additional strengthening likely prior to landfall later today. This makes Michael a Category-4 hurricane; the strongest to hit the Florida panhandle in history.  It looks like Panama City Beach is in the bulls-eye.

[National Hurricane Center] At 100 AM CDT (0600 UTC), the center of Hurricane Michael was located near latitude 27.7 North, longitude 86.6 West. Michael is moving toward the north near 12 mph (19 km/h). A northward motion is expected this morning, followed by a northeastward motion later today and Thursday. On the forecast track, the center of Michael will move across the northeastern Gulf of Mexico this morning.

The center of Michael’s eye is then expected to move inland over the Florida Panhandle or Florida Big Bend area later today, move northeastward across the southeastern United States tonight and Thursday, and then move off the Mid-Atlantic coast away from the United States on Friday.

Data from Air Force Reserve and NOAA Hurricane Hunter aircraft indicate that maximum sustained winds have increased to near 130 mph (210 km/h) with higher gusts. Michael is now a category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale. Some additional strengthening is possible today before Michael makes landfall in the Florida Panhandle or the Florida Big Bend area. (read more)

As many long-time readers will know, we do have a little bit more than average experience dealing with the aftermath of hurricanes. I ain’t no expert in the before part; you need to heed the local, very local, professionals who will guide you through any preparation, and neighborhood specific guidelines, for your immediate area.

But when it comes to the ‘after part’, well, as a long-time CERT recovery member perhaps I can guide you through the expectation and you might find some value. Consider this little word salad a buffet, absorb what might be of value pass over anything else.

A category-4 storm can and will erase structures, buildings and landscape. This storm is very similar to Hurricane Charley which impacted the SW coast of Florida in 2004. The coastal topography will likely change in the 60 mile wide area of immediate impact.

Total infrastructure failure should be anticipated and it will take weeks for restoration. The coastal communities are the most vulnerable; however, the inland impact of the storm will continue unimpeded until the eye-wall crosses onto land.

That means communities inland for 50 miles will likely see consistent 100+ MPH winds for several hours. That scale of sustained wind energy will snap power poles and reinforced concrete.

As the backside of the storm then reverses the energy direction, any already compromised structures will not withstand the additional pressure. In many cases the backside of the storm is worse than the front.  If you are inland, prepare yourself for a long duration of extensive wind damage followed by an extended power outage.

For those who are in the path of the storm, there comes a time when all options are removed and you enter the “Hunkering Down” phase.  You’re just about there now. Fortunately, just like Charley, this particular hurricane will move fast and that might mitigate some of the coastal storm surge (only one part of one tidal cycle).  However, in totality from impact through recovery this is going to be a long-duration event.

When the sustained winds reach around 45mph today the utility company will likely, proactively, shut down the power.  This makes things a heck of a lot safer in the aftermath; and much easier and safer during the rebuild.  It is almost a guarantee you will not lose power due to damage from the storm but rather because of proactive measures from your power company. Do not expect the power to be turned back on until it is safe.

Hurricanes can be frightening; downright scary.  There’s nothing quite like going through a few to reset your outlook on just how Mother Nature can deliver a cleansing cycle to an entire geographic region.   The sounds are scary. Try to stay calm despite the nervousness.  Telephone and power poles, yes, even the concrete ones, can, and likely will, snap like toothpicks.  Trees will bend and break; the sounds are dramatic.

There’s a specific sound when you are inside a hurricane that you can never forget.  It ain’t a howl, it’s a roar.  It is very unique sound in depth and weight.  Yes, within a hurricane wind has weight.  Stay clear of windows and doors, and within an interior room of the house or apartment if possible.  That scary roar sounds like it won’t ever quit…. it will… eventually; but at the time you are hunkering down, it doesn’t seem like it will ever end.

A hurricane wind is a constant and pure rage of wind that doesn’t ebb and flow like normal wind and storms. Hurricane wind is heavy, it starts, builds and stays; sometimes for hours.  Relentless, it just won’t let up.  And then, depending on Michael’s irrelevant opinion toward your insignificant presence, it will stop.  Judging by the forward speed the hurricane force wind will likely last around 2 hours before it stops.

Then silence.  No birds. No frogs. No crickets. No sound.

Nature goes mute.  It’s weird.

We have no idea how much ambient noise is around us, until it stops.

Due to the speed of the storm there will be convoys coming to construct a pre-planned electricity grid recovery process even before nightfall today. Convoys from every city, town and state from the east-coast to the mid-west.  A glorious melding of dirty fingernails all arriving for the meet-up.   Depending on your proximity to the bigger picture objectives at hand, you will cherish their arrival.

But first, there will be an assessment.  The convoys will stage at pre-determined locations using radios for communication. Most cell phone services will likely be knocked out.  Recovery teams will begin a street-by-street review; everything needs to be evaluated prior to thinking about beginning to rebuild a grid.  Your patience within this process is needed; heck, it ain’t like you’ve got a choice in the matter…. so just stay positive.

Meanwhile, you might walk outside and find yourself a stranger in your neighborhood.

It will all be cattywampus.

Trees gone, signs gone, crap everywhere, if you don’t need to travel, DON’T.

I mean CRAP e.v.e.r.y.w.h.e.r.e.

Stay away from power-lines.

Try to stay within your immediate neighborhood for the first 36-48 hours.  Keep the roadways and main arteries clear for recovery workers, power companies and fuel trucks.

Be entirely prepared to be lost in your own neighborhood and town for days, weeks, and even months.  Unknown to you – your subconscious mind is like a human GPS mapping system.  When that raging Michael takes away the subconscious landmarks I guarantee you – you are gonna get lost, make wrong turns, miss the exit etc.

It’s kinda funny and weird at the same time.

Your brain is wired to turn left at the big oak next to the Church, and the road to your house is likely two streets past the 7-11 or Circle-k. You don’t even notice that’s how you travel around town; that’s just your brain working – it is what it is.

Well, now the big oak is gone; so too is the Circle-K and 7-11 signs.  Like I said, everything is cattywampus.  Your brain-memory will need to reboot and rewire.  In the interim, you’re gonna get lost… don’t get frustrated.

No street signs. Likely no stop signs.  No traffic lights.

Remember, when it is safe to drive, every single intersection must be treated like a four-way stop…. and YOU ARE GOING TO HAVE TO PAY ATTENTION.  Even the major intersections.

You’ll need to override your brain tendency to use memory in transit.  You’ll need to pay close attention and watch for those who ain’t paying close attention.  Travel sparingly, it’s just safer.

Check on your-self first, then your neighbors. It don’t matter if you’ve never said a word to the guy in the blue house before.  It ain’t normalville now.

Break out of your box and check on the blue house down the street too.  In the aftermath, there’s no class structure.  Without power, the big fancy house on the corner with a pool is just a bigger mess.  Everyone is equally a mess.

The first responders in your neighborhood are YOU.

You, the wife, your family, Mrs. Wilson next door; Joe down the street; Bob’s twin boys and the gal with the red car are all in this together.  If you don’t ordinarily cotton to toxic masculinity you will worship it in the aftermath of a hurricane.  Git-r-done lives there.

Don’t stand around griping with a 40′ tree blocking the main road to your neighborhood.  Figure out who’s got chainsaws, who knows how to correctly use them, and set about safely clearing the road.  If every neighborhood starts clearing their own roadways, the recovery crews can then move in for the details.

Stage one focuses on major arteries… then secondary… then neighborhood etc.  It’s a process.  Oh, and don’t get mad if your fancy mailbox is ploughed-over by a focused front end loader who is on a priority mission to clear a path.  Just deal with it.  Those same front-end loaders will also be removing feet of sand from coastal roads.  Don’t go sightseeing… stay in your neighborhood.

For the first 36-48 hours, please try to stay close to home, in your neighborhood.  Another reason to stay close to home is the sketchy people who can sometimes surface, looters etc. Staying close to home and having contact with your neighbors is just reasonable and safer.

Phase-1 recovery is necessarily, well, scruffy…. we’re just moving and managing the mess; not trying to clean it up yet.  It’ll be ok.  There are going to be roofing nails everywhere, and you will likely get multiple flat tires in the weeks after the hurricane.

After this storm half of the people living near PCB are going to fit into two categories, two types of people: (1) those with a new roof; or (2) those with a blue roof (tarp).

Keep a joyous heart filled with thankfulness; and if you can’t muster it, then just pretend. Don’t be a jerk.  You will be surrounded by jerks….  elevate yourself.  If you need to do a few minutes of cussing, take a walk.  Keep your wits about you and stay calm.

Now, when the recovery teams arrive…. If you are on the road and there’s a convoy of utility trucks on the road, pull over.  Treat power trucks and tanker trucks like ambulances and emergency vehicles.  Pull over, give them a clear road and let them pass.

When everyone gets to work, if you see a line-man, pole-digger or crew say thanks.  Just simple “thanks”.  Wave at them and give them a thumbs-up. No need to get unnecessarily familiar, a simple: “thank you for your help” will suffice.  You know, ordinary people skills.

Many of these smaller crews will be sleeping in cots, or in their trucks while they are working never-ending shifts.  Some will be staging at evacuation shelters, likely schools and such.  The need to shelter people and recovery crews might also delay the re-opening of schools.

Once you eventually start getting power back, if you see a crew in a restaurant, same thing applies… “thanks guys”.  If you can pay their tab, do it.  If you can pay their tab without them knowing, even better.

Same goes for the tanker truckers. The convenience stores with gas pumps are part of the priority network.  Those will get power before other locales without power.  Fuel outlets are a priority.  Fuel is the lifeblood of recovery. Hospitals, first responders, emergency facilities, fuel outlets, then comes commercial and residential.

Remember, this is important – YOU are the first responder for your neighborhood.  Don’t quit.  Recovery is a process.  Depending on the scale of the impact zone, the process can take days, weeks and even months.

Take care of your family first; then friends and neighborhood, and generally make a conscious decision to be a part of any needed solution.

Pray together and be strong together.  It might sound goofy to some, but don’t be bashful about being openly thankful in prayer.

It will be ok.

It might be a massive pain in the a**, but in the end, it’ll be ok.

√Andrew

√Jeanne

√Frances

√Ivan

√Charley  (Michael will be like this one)

√Irma

Keep a good thought.  Who knows, we might even end up shaking hands.

It’ll be OK.  Promise.

Hurricane Michael


 

I want to thank everyone for sending in emails of concern with regard to Hurricane Michael. It is not likely to hit our area. However, the last bad hurricane to hit Tampa was in 1921 which was a Category 4 with 140 mph winds. It was an unusual storm like Michael which began in the Carribean during mid-October rather than in the Atlantic off the coast of Africa and normal. The storms that start in the Atlantic typically will not impact the West Coast. The storms that are most dangerous to this area are those that begin in the Carribean like Michael.

1921 TAMPA Category 4

 

The previous major hurricane was September 23–25, 1848 Category 4, which also formed in the Gulf of Mexico. There was also a lessor one in 1946 which was a Category 2, which also formed in the Gulf. The worst to hit the West Coast was Hurricane Charley in 2004 which hit as a Category 4. This one was an Atlantic storm which entered the Gulf and then turned right coming up the West Coast. The computer projections show a major one due in Tampa of a Category 4 to 5 probably in 2042-2043. That does not mean we will not see others of lesser intensity between 2018 and 2042/43.

Hurricane Michael Update: Current 85mph Rapid Intensification Predicted


As anticipate Hurricane Michael is showing signs of continued strength with each update. Current wind speed 85mph. Rapid intensification is predicted. Current forecast is for a Category 3 (115+ mph) storm at landfall.  If you are in the path you do not have much time to prepare. This storm is gaining forward speed as it strengthens.

[Hurricane Center] At 700 PM CDT (0000 UTC), the center of the eye of Hurricane Michael was located by a NOAA Hurricane Hunter aircraft near latitude 22.7 North, longitude 85.2 West. Michael is moving toward the north near 12 mph (19 km/h). A northward to north-northwestward motion at a slightly faster forward speed is expected through Tuesday night, followed by a northeastward motion on Wednesday and Thursday.

On the forecast track, the center of Michael will move over the southeastern Gulf of Mexico tonight, then move across the eastern Gulf of Mexico Tuesday and Tuesday night. The center of Michael is expected to move inland over the Florida Panhandle or Florida Big Bend area on Wednesday, and then move northeastward across the southeastern United States Wednesday night and Thursday.

Reports from the reconnaissance aircraft indicate that maximum sustained winds have increased to near 85 mph (140 km/h) with higher gusts. Steady to rapid strengthening is forecast during the next day or so, and Michael is forecast to become a major hurricane by Tuesday night. (read more)

For those in the cone of uncertainty, Florida Governor Rick Scott has provided an extensive update on state preparations – SEE HERE – More information is available on the Florida Emergency Website – SEE HERE.

Due to the speed of this storm, and the rapid intensification strength, all interests in the coastal area should immediate rush to completion their hurricane and storm preparation plans.  Tuesday is likely the only day to prepare your property and personal effects.  Do not delay.  Pay attention to the warnings and guidance of local officials.

If you live in an evacuation zone be prepared to respond as soon as instructed.  Take this storm seriously.  Slight variations in the storm’s path can create major changes within any impacted region.

Head’s Up – Tropical Storm Michael Forecast To Become Hurricane…


Coastal residents of Northern Florida (Panhandle), Alabama, Mississippi and Louisiana should keep an eye on tropical storm Michael.  The storm is anticipated to become a Hurricane in the northern Gulf of Mexico sometime late Tuesday/Wednesday.

At 100 PM CDT (1800 UTC), the center of Tropical Storm Michael was located near latitude 19.2 North, longitude 86.9 West. Michael is currently stationary but is expected to resume a slow northward motion later today. A northward motion with some increase in forward speed is expected over the next few days. On the forecast track, the center of Michael will move near the northeastern tip of the Yucatan Peninsula Monday morning, and then across the eastern Gulf of Mexico late Monday through Wednesday morning.

Maximum sustained winds are near 40 mph (65 km/h) with higher gusts. Strengthening is forecast during the next several days, and Michael could become a hurricane by Tuesday night or Wednesday. (More from hurricane center)

Katla Building to a Major Event?


They claim that all the world’s nations combined pumped nearly 38.2 billion tons of carbon dioxide into the air from the burning of fossil fuels such as coal and oil, according to new international calculations on global emissions published in the journal Nature Climate Change. That is 32 kilotons per day when one volcano Katla, which is a huge hidden volcano 650 feet beneath the ice cap in Iceland, is emitting 20 kilotons of C02 every day. There are only two volcanoes worldwide that are known to emit more CO2, and now scientists are concerned that Katla may be headed toward a major eruption. Obviously, the UN should be imposing a tax on Iceland for all this added Co2.

Katla has had about 20 eruptions in the last 1100 years. There were eruptions which have been documented in the years 920 and 1612, and from 1821 to 1823. These latter eruptions in the 19th century helped to cool the planet contributing to the mini ice age at that time. The last eruption that actually broke through the ice cap occurred in 1918. There have been subglacial flood events in 1955, 1999 and 2010-2011 that melted ice but it did not break the surface. These events do create flooding as the ice melts. Volcanic activity produced two eruptions in 2010 at Eyjafjallajokull, on March 20 and April 14. The second eruption created the giant ash cloud over Europe which diverted air traffic.

The 1918 ash plume was documented to have reached heights of 14 km. That event looked like a mushroom cloud from an atomic bomb. It is hard to draw a conclusive model since the majority of eruptions only melt ice beneath the surface. The best we can do with an approximation for the events that break through the surface puts it in 2020-2021 for the next ideal event. But the data series is not definitive on this event. It does appear that Katla has become active again since 2010 and is building to a climax. This could also be an event that contributes to global cooling as we saw during the 19th century

The most VALUABLE lesson we can teach our children is HOW TO THINK – not what to think


COMMENT: Good day Sir; How in the world do you do it? It is one thing to develop Socrates and assist clients, but yet another to keep up with and tie in the global events to the waves. I know you don’t sleep much Martin but I have not been dressed in a week and still I miss a couple things. If I’m getting this right various frequencies of currencies and prices are fixed and varied then Socrates somehow sorts all the waves, throws in a time factor that results in a cross of those market waves. Socrates seems to he can smell when the buyers reach that point of re-entry on a bear market or sellers during a bull. It’s extraordinary. It now seems crazy to think I will ever catch up to you without field experience. 4 years of reading/studying/back-checking your models/research/data is a bugger. Then you sens me back to the drawing board about once a month about another factor of the marketplace which didn’t occur to me. So off I go again into the unknown forest not knowing when I will reappear. I am pissed with myself that I am not yet comfortable. This quarter has been good because of a change in method that better resembles the market actions. Socrates is making sense more each day yet still I find pieces that need to fit somewhere. This is the coolest thing I’ve ever done. Working within the walls of a seemingly structured global marketplace I find it is handy to not only be a gentleman study but also know how to think like a thief, a murderer, a snake oil salesman, and a pick-pocket like Browder. Apologies for wasting your time. Lessons of simplicity… My father drew a small circle on the back of an envelope representing my entire knowledge base. I was maybe 15 or 16 so a small circle was appropriate. He said what is unknown to me lies on the outer perimeter of that circle.
The more I learn the larger the circle becomes, but correspondingly the outside perimeter of the unknown increases.

That’s my beef.

Thank you for opening the biggest can of worms.

RH

REPLY: Life is a journey that we are sent here to learn. You may not realize it, but you are what is truly a “genius” which most people do not understand what it even is. Indeed, some believe if we screw up we are sent back here again to try to get it right. Some believe Buda prayed that he could reach Nirvana and not have to come back here again. It is an interesting perspective on the purpose of life. But what is interesting is that I can agree that this is a journey about gaining knowledge. That is what keeps us both interested and young. If you have no interest in exploring, then you sit in your diapers in old age watching mindless TV shows waiting to be called home. Life ends, in my opinion, when there is nothing left to learn.

 

As long as you are on a journey toward enlightenment all is good. What else would you have in life that feeds your mind with the only food it really needs – curiosity and imagination. I did not know Einstein. But I knew a professor at Princeton where he taught who did know him. He shocked me one day and said I reminded him of Einstein. I was surprised and said I was not in his league or field. He told me I was. He explained that the common threat was not the subject matter by my curiosity. He told me that curiosity was the fuel for all advancement. As long as you are curious and have imagination, and try to figure out what makes things tick, that is the path to enlightenment.

There have been studies on what people call “genius” and they have revealed that all such people do poorly in school and tend to get in trouble. In the case of Einstein, his Munich schoolmaster wrote in Albert Einstein’s school report, “He will never amount to anything”, back in 1895. People who explore and test things rather than just regurgitate what they were taught are on the path to enlightenment. We will never advance as a society without exploring how things work. If you are curious and have an imagination, then you will explore new solutions. If you just memorize what the teacher says and get straight As, you will be a follower rather than a leader.

The school records of the young Winston Churchill revealed the future war leader was a “naughty child” the teachers said would amount to also to nothing. We have to understand what is really “genius” in order to nurture that in our children. It has NOTHING to do with the level of intelligence of knowing everything like some encyclopedia. Genius is all about dynamic thinking and methodology – seeing the interconnections. I have written before, if you read this blog, chances are you too fall into the category of being a “genius” for your thinking process demonstrates you are on a quest for knowledge.

The difference between a true genius and the majority of the world is that they are NOT content to walk around with blinders on like a horse pulling a carriage. The majority only can see directly what is in front of them. This is why A students work for C students, and B students work for the government. William Manchester wrote in the Last Lion on the life of Winston Churchill:

Studies at the University of Chicago and the University of Minnesota have found that teachers smile on children with high IQs and frown upon those with creative minds. In­telligent but uncreative students accept conformity, never rebel, and complete their assignments with dispatch and to perfection. The creative child, on the other hand, is manipulative, imaginative, and intuitive. He is likely to harass the teacher. He is regarded as wild, naughty, silly, unde­pendable, lacking in seriousness or even promise.

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So it is not that a genius knows everything, it is a person who seeks knowledge and thinks dynamically. You must avoid trying to reduce the world to a single cause and effect. It is always far more complex than just that. Look at all the people who dropped out of some university yet started major companies like Steve Jobs, Bill Gates, Mark Zuckerberg just to mention a few (see the list of top 10). The most VALUABLE lesson we can teach our children is HOW TO THINK – not what to think.

Why have I poured so much time into programming Socrates? First, it was never a project I could ever give to another to even attempt to code. As far as its model analysis, I have been the only programmer. It takes EXPERIENCE in the subject matter to write such a program. Everyone else codes the delivery system. This is why there is nothing else like it. You had to be a TRADER and a PROGRAMMER to even tackle such an endeavor. My objective was to clone myself. There are so many variables that are involved it quickly exceeds the capacity of any human to keep track of some much in their head and at the tip of their fingers instantly. This is not about writing some algorithm to produce a mean and lean trading machine. Those are one-dimensional systems that will never adapt to changes.

For example, everyone rushed into AI to create robot trading. It was assumed the UBS’s push into AI lead to “robots invading the trading world.” Then one year later, UBS was reported to be shutting down its robo-trading system said in a statement that, while it is “satisfied” with the commercial progress of the service, “at this time we believe the near-term potential is limited and have therefore decided to close our digital-only offering in the UK”.

You cannot hire programmers to write a trading platform because they can only plug is formulas that are one-dimensional and have a system that will be consistent over time. Long-Term Capital Management crashed after used the BlackScholes model for which they won the Nobel Prize, yet it failed with volatility and time. They never saw the wave coming at them from currencies which swamped all markets and force funds to sell assets around the world to cover losses in Russia.

Even high-frequency trading cannot see the big waves coming from global events and they will shut down as soon as volatility rises. The biggest danger with such systems is they become trapped and cannot escape a financial tidal wave they are incapable of forecasting. It is like just watching gold and nothing else. Everything is connected and then to figure such a system out requires historical data. I have stated plenty of times, I have probably spent far more than a $100 million in today’s terms to collect a database to even train a system.

I am always still improving Socrates. As I said, it is my clone. Every trick of the trade I have learned I taught the system and I and always still learning so I had to write the code to allow Socrates to also learn as I have throughout life. The bottom line is rather simple. It does not make a mistake in forgetting to check something because it had a good night or some distracting argument. It is free of such human fralities we are all plagued with.

 

Trying to Forecast Long-Term Technology Trends


QUESTION: Mr. Armstrong; I have a hard time envisioning this age of knowledge some claim is behind cryptocurrencies and others claim is behind robots that necessitate a guarantee welfare system. Do you give any credence to these type of forecasts of the long-term future?

BG

ANSWER: No. This idea that we advance to a higher state of knowledge is rather absurd. We evolve with technology, but it is not going to produce world peace. There was a German electrical engineer by the name of Charles Proteus Steinmetz who had made a dramatic forecast with the invention of electricity back in 1923. He said that by 2023, electricity would be doing all the hard work and people would not have to toil for more than four hours a day. Steinmetz also envisioned cities free of pollution and litter in a century’s time.

If we look at electricity, yes it is cleaner and would produce less pollution if you generated by solar or nuclear. He could not forecast in 1923 nuclear energy nor could he fathom the computer so we are not working less but can work even more from anywhere. The danger of trying to make long-term forecasts in technology is that the trend can be changed by a development in a parallel field. This is why in designing Socrates, I taught it how to analyze rather than create fixed rules. In this manner, it will evolve with technology. Who knows, perhaps they discover a way to get energy from Azuki beans that replaced everything.

Nobody can know the discoveries that await us long-term. Who knows, perhaps we can one day create black holes and appear on the other side of the universe. It may sound like complete fiction today no down as traveling under the sea did to people who read 20th Thousand Leagues under the Sea by Jules Verne (1828–1905)  in 1870.

It is best to just go with the flow. The markets pick up changes in technology. Just pay attention.

Severe Flood Warnings For North Carolina – Several Towns Completely Cut-off, Wilmington and Jacksonville Surrounded by Floodwater….


Several communities and towns within North Carolina have been completely cut-off by rising flood waters as a result of Hurricane Florence and the unprecedented amount of rain.  The cities of Wilmington and Jacksonville, NC, are surrounded by flooding.

Pay attention to all local officials, and heed all notices to evacuate based on the advice from local and state officials.  The threat is increasing in multiple regions throughout the state of North Carolina.  Evacuations are ongoing with all resources deployed to assist stranded residents.  FEMA, the national guard, the coast guard, and all state and federal resources are currently deployed for ongoing rescue efforts.

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Florence has weakened to a tropical depression but forecasters warn the next few days could bring the most destructive round of flooding in North Carolina history. The National Hurricane Center says the effect is expected to be “catastrophic.”

NORTH CAROLINA – The city of Wilmington, North Carolina, has been completely cut off by floodwaters, and officials are asking for additional help from state law enforcement and the National Guard.

Woody White, chairman of the board of commissioners of New Hanover County, said Sunday that additional rainfall Saturday night made roads into the city impassable.

White said officials are planning for food and water to be flown to the county, although new distribution centers will have to be found because of all the rain in the northern part of the county.

Earlier Sunday, officials from the Cape Fear Public Utility Authority had said they were almost out of fuel for the water plant and might have to shut down. The utility later issued a release saying it had found additional fuel. (LINK)

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A Message From President Trump About Hurricane Florence…


The next advisory from the National Hurricane Center is 2:00pm today.  President Trump delivers a strong message of caution and concern ahead of the storm’s arrival.

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On the forecast track, the center of Florence will approach the coast of North Carolina or South Carolina in the hurricane warning area on Thursday and Friday and move slowly near the coastline through Saturday. Florence is still forecast to be an extremely dangerous major hurricane when it nears the U.S. coast.