Episode-1971- Future Business, Political and Entrepreneurial Trends — 8 Comments

  1. I have a question about wars and digital currency. If we turned to digital currency on a global scale and major countries ever went to war with each other again and conducted targeted strikes on the data centers that house that currency information, or maybe even sabotage those data centers without dropping bombs. I understand there would probably be some redundancy, but in theory could somebody bankrupt another country by doing something like that if they took out enough data centers. Is that a vulnerability. What would happen if all that data were to go away. I don’t fully understand how all of it would be work, so I might sound ridiculous, I was just curious if that was a possibility.

      • Consider that right now only 3% of US dollars exist as cash.

        Almost the entire global economic system of modern nations is run with electronic currency already.

        Cryptocurrencies are not housed in a data center, they are distributed network wide. Could they be vulnerable to targeted attacks with bombs, sure, no more so than current US dollars though, in fact less so.

        The bigger threat if a nation used a single crypto currency is cyber, even if it fails, rattle confidence and start a currency dump.

        As always the solution is not in government.

  2. Hi Jack! In honor of the song of the day you played, here’s a joke for you:

    Q: How many bass guitar players does it to take to screw in a light bulb?
    A: None. We’ll just let the keyboardist do it with his left hand.

  3. Just wondering, when eventually the internet & automation has replaced every last job out there, then what is the ruling class’s plan for humans?
    Will they exterminate us or keep us as zoo animals ?

    • No because they need us and it won’t replace EVERYTHING that is going to the far extreme.

  4. History segment:
    An important point to consider, to truly understand what was going on in the “American War,” as it is called in the Vietnamese government indoctrination centers (schools,) you need to get past the propagandized notion that it was a “war we could not win.” It absolutely was winnable, all the way up to the point where a friend of mine was setting off thermite grenades to destroy documents at the US Embassy just before jumping on the last UH-1 out. The thing is, at no time post-Kennedy was there any intention of winning, you shouldn’t confuse the intentions with the abilities. Under Kennedy it was an anti-communism, humanitarian and intervention operation. Under Johnson it was a for profit operation for the “industrial military complex.” Just look at Lady Bird’s investments and LBJ’s buddies at the time. Under Nixon, well, I think it was little more than a balance between putting on a show for Russia and China so they would not see us as a bunch of wusses (rolling thunder), and getting out before his approval numbers started to drop too much.