Welcome To 2018 – We Are All Connected

Authored by Mike Krieger via Liberty Blitzkrieg blog,

 

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To see a world in a grain of sand
And to see heaven in a wild flower,
Hold infinity in the palm of your hand,
And eternity in an hour.

A robin redbreast in a cage
Puts all heaven in a rage.

A dove-house fill’d with doves and pigeons
Shudders hell thro’ all its regions.
A dog starv’d at his master’s gate
Predicts the ruin of the state.

A horse misused upon the road
Calls to heaven for human blood.
Each outcry of the hunted hare
A fibre from the brain does tear.

– William Blake, Auguries of Innocence

Over the course of 2017, I spent a lot of time detailing where we stand as a species and where I think we’re going. To summarize, I think the positive impact of the internet and social media on humanity is still very much in its infancy. The more connected we become to one another across the planet, the more we’ll realize we have far more in common with one another than we do with the sociopathic oligarchs and politicians in charge of our respective nation-states.

Much of the 20th century was defined by unimaginable human conflict and terror, unleashed upon the public by crazed elites and rulers who were able to successfully manipulate large populations. The key to preventing a repeat of this sort of thing in the 21st century is billions of human beings across the planet communicating and sharing friendship with one another to the point we can no longer be tricked in killing each other. We need to learn to see “the other” in ourselves and voluntarily collaborate with our fellow humans on the challenges that face us in order to bring our species to the next level. This isn’t just a pipe-dream or insane utopian ramblings, I think it’s entirely possible.

That said, the road could be long and some real disasters may lie ahead before we finally get our footing as a species. As far as I see it, there are several factors still preventing us from getting from point A to B. For one thing, leaders of nation-states throughout the world are almost always some of the worst individuals society has to offer. The types of people who aspire to, and generally attain political power, tend to be the most unconscious, power hungry, sociopathic characters around. That’s just how this stuff works.

It’s in the best interests of these leaders to convince their citizens that other human beings living in rival gangster nation-states are the enemy. Pretty much all nation-states are run as organized crime syndicates, the only question is a matter of degree. As such, the goal of political leaders is more often than not to propagandize “the people” into thinking that they are somehow special, the chosen ones, etc. When this sort of propaganda is successful, it provides the pretext for all kinds of barbaric horrors against other humans who are, naturally, less special or righteous than they are.

Humans will never break the destructive cycle of murder and authoritarianism until we recognize that we are all connected. The key to achieving this sort of understanding on a planet-wide level is for us to become resilient against government/corporate propaganda, which happens when we talk to one another. Working with one another is even better.

This is one of the primary reasons Bitcoin so captured my imagination beyond simply its promise of decentralized money and a displacement of the current financial system. What I’ve seen evolve in Bitcoin over the past several years is a truly global community of like-minded people. Individuals from all over the world who have crossed language and cultural barriers to voluntarily work and support a project they passionately believe in. It transcends nation-state boundaries, politicians and central banks. It shows what’s possible when people come together and voluntarily collaborate on something. It shows us that we can be so much more as a species than what we are today.

It’s not a coincidence that Bitcoin and crypto assets have taken the world by storm at this particular moment. When the financial system died in 2008/09 and corrupt politicians the world over decided to save the crooks and leave everyone else hanging, something clicked. A lightbulb went off and we recognized that the old way of doing things is corrupt, archaic and unacceptable. While the entrenched interests remain in power, the hearts and minds of the public were lost, never to be regained. It’s because of this incredibly shady and crooked era in government policy that we now have this incredible opportunity for paradigm level change at our fingertips. When given lemons…well you know.

The reason the next several years are going to be so fascinating and chaotic is precisely because nothing was solved by the response to the financial crisis. The only thing politicians achieved was keeping a terminal and corrupt financial system afloat while bailing out the oligarchs who wrecked the planet. This Potemkin Village financial system remains propped up, but it has zero chance of long-term survival. It will be entirely replaced by something else and we have the opportunity to determine what that will be. We need to do this now, and on own our terms, so that oligarchs and their political henchmen can’t dictate it to us later. That’s precisely what I see happening in the crypto asset space, and why I’m so optimistic about its impact on human affairs.

It’s not just the financial system though. Total and unequivocal government support of this crooked financial infrastructure led to a severe loss in government credibility as well. This opens up governments across the world to the same forces of decentralization that are currently working their magic upon money. Everyone knows that politicians everywhere are self-serving, corrupt and dangerous. Increasingly, we will ask why we need them at all. If we don’t need central banks, why do we need politicians? If we don’t need politicians, what do we need? How can we govern ourselves more ethically and transparently going forward? In the case of the U.S., why is decision making for over 300 million people centralized in a place called Washington D.C., which everyone admits is a sleazy swamp. Is this really the best we can do?

When I think about 2018 and beyond, I see a species in the early stages of a historic transformation. We are moving away from hierarchies and into networks. Away from centralization and into decentralization. From the unconscious to the conscious.

That said, the old system isn’t gone just yet. It remains a dangerous zombie, and its benefactors will fight to keep their schemes alive. The years ahead will be characterized by increased tension between the old and the new. What comes next is up to us.

Never forget that we are all connected. That you have tremendous power to impact the world based on your everyday thoughts and actions. Understand that we don’t have to live this way. Fill your heart with love, not hate. Stay true to your higher nature. If enough of us do this, the future is unimaginably bright.

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WikiLeaks Denies Russia As Source In Response To Head Of John Podesta Think Tank

Wikileaks has once again denied that Russia was their source of leaked emails published during the 2016 election. In a Monday reply to Neera Tanden, former Hillary Clinton advisor and President of the Center for American Progress – a liberal think tank founded by John Podesta, the WikiLeaks Task Force tweeted “2. Russia was not @wikileaks source. Deal with it.”

While Julian Assange has previously denied Russia as their source, this is the first explicit admission by the organization in print regarding Kremlin involvement in leaked emails published during the 2016 US presidential election. 

HANNITY: Can you say to the American people, unequivocally, that you did not get this information about the DNC, John Podesta’s emails, can you tell the American people 1,000 percent that you did not get it from Russia or anybody associated with Russia?

JULIAN ASSANGE: Yes. We can say, we have said, repeatedly that over the last two months that our source is not the Russian government and it is not a state party.

The WikiLeaks Task Force twitter account is described as an “Official @WikiLeaks support account,” which exists to “Correct misinformation about #WikiLeaks, amplify our publications.”

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While the US intelligence community is apparently sticking to the Russia narrative, President Trump definitively hedged his opinion on WikiLeaks’ source. At a July 2017 press conference before a scheduled meeting with Vladimir Putin, President Trump fielded questions about whether he accepts the U.S. intelligence community’s verdict that Russia interfered in the 2016 election in a bid to help him defeat Democratic rival Hillary Clinton. 

Trump responded that others might have been culpable, in addition from Russia.  “I think it was Russia and I think it could have been other people and other countries,”  Mr. Trump said. “A lot of people interfered. I think it’s been happening for a long time.”

Trump also said the U.S. intelligence community has made mistakes in the past and its judgment is open to question. As he has done in the past when discussing Russian hacking, he mentioned the U.S. invasion of Iraq in 2003. Intelligence assessments claiming that Iraq possessed weapons of mass destruction turned out to be inaccurate.

I remember listening about Iraq,” Trump said. He added: “Nobody really knows. Nobody really knows for sure.

The WikiLeaks Task Force tweet comes on the heels of a cryptic 3AM (London time) tweet by Julian Assange containing a 60-character code and an embedded link to the MIA music video “Paper Planes.” 

 

Several people speculated that the tweet signaled an imminent new WikiLeaks document release, while others suggested Assange was highlighting Maya Arulpragasam, MIA, for a reason.  As The Guardian pointed out last fall, Arulpragasam has her own “Visa” issues with the United States after her renewal application got mysteriously delayed back in 2014 and has been stuck in limbo ever since…a fact which she attributed to having “supported Wikileaks and stuff.”

There is a song on the new album called “Visa” that takes aim at American immigration policy, something Arulpragasam unwillingly knows a lot about. Her application to renew an expired visa has been stuck in mysterious bureaucratic limbo since 2014. In an age when British popstars with any sort of US fanbase are routinely granted permission to work in America, her two-year hobbling seems unconventional. “Obviously what’s happening to me is very deliberate,” she says. “I don’t know who’s doing it, it’s like fucking playing Cluedo.”

In general, though, she does not pitch her suspicions small. “On paper I’ve supported WikiLeaks and stuff. And now Hillary Clinton is running for president. And until that’s solved I might have a problem, because anyone who ever associated with that website is going to get fucked up. Even if you delivered [WikiLeaks] their takeaway, you are going to be on a list. Do you know what I mean?”

I ask her if she ever worries she’s paranoid and she replies, smartly, that in the aftermath of Edward Snowden’s revelations about the NSA it’s wrong “to even use the word ‘paranoia’ as if it’s a weird condition. Because it’s common as a fucking cold now. Everyone has to have an element of paranoia”

The Russia denial also follows several weeks of unsettling activity involving WikiLeaks and Julian Assange. In mid-December, Three hooded figures dressed in black broke into the Madrid office of WikiLeaks lawyer Baltasar Garzon in a dawn raid. The intruders covered security cameras with tape, and there were no signs that anything was taken – however police are analyzing Garzon’s computer equipment to determine whether or not any files were taken or copied. “They have not taken what they have been looking for,” Garzon told El Periodico, and told Ser magazine that his clients’ security “has not been affected,” and that the people “acted very quickly.”

Hours after the break-in, Julian Assange tweeted a Jimmy Dore video which contains a clip of Assange strongly hinting that murdered DNC IT staffer Seth Rich was their source

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Seth Rich

The next week, Julian Assange’s twitter account was mysteriously deactivated for several hours.

And as we reported yesterday, a document found on convicted pedophile Anthony Weiner’s laptop confirms the the Obama administration was implicated in a plot to silence Julian Assange before the 2010 Swedish election – as an arrest warrant was issued for the WikiLeaks founder two weeks after the US Embassy in Stockholm, Sweden sent a cable detailing their concerns. 

Meanwhile, Congressman Dana Rohrabacher travelled to London in August with journalist Charles Johnson for a meeting with Assange, where Rohrabacher said the WikiLeaks founder offered “firsthand” information proving that the Trump campaign did not collude with Russia, and which would refute the Russian hacking theory.

After President Trump denied knowledge of the potential deal, Rohrabacher raged at Trump’s Chief of Staff, John Kelly, for constructing a “wall” around President Trump by “people who do not want to expose this fraud.” 

Perhaps Trump will take a blowtorch to the hornet’s nest and pardon Assange in exchange for proof Russia wasn’t WikiLeaks’ source, per the deal Rep. Rohrabacher brought back from the Ecuadorian Embassy’s longest-term resident.

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Ron Paul Rejects “The Twin Tyrannies Of Socialism & Cultural Marxism”

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Happy New Year! We always approach a new year with anticipation, hope, and also some worries. Last year was one of the strangest political years I have seen in some time. A new Republican president spent his first year pursuing more or less the same foreign policy as his Democratic predecessor and the Democratic Party spent the year looking under every rock in the US for a “Russian connection” or any other reason to see him impeached over it.

 

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The neocon-dominated foreign policy establishment on both the Left and Right were so furious that candidate Trump dared suggest we could get along with our “enemies” overseas that they jumped on the impeachment bandwagon — even though once he became president Donald Trump filled his Administration with neocons and began dropping bombs.

Like “peace candidate” Obama, Donald Trump quickly dropped his “get along with others” rhetoric to become just another aggressive, interventionist US president. He slammed missiles into Syria over unproven claims of a chemical attack, he built US military bases on Syrian soil, he dropped the “mother of all bombs” on Afghanistan, he continued helping Saudi Arabia destroy Yemen, he expanded the US military occupation of Africa, he put NATO troops on the border of Russia, did his best to tear up the Iran nuclear agreement and in fact may have just launched a “color revolution” on Iran, and continued rattling sabers over China’s presence in the South China Sea.

That tells us quite a bit about what’s wrong with American political life these days. The “opposition party” doesn’t really oppose the other party’s policies. They are just angry that other the party is in power. With no real philosophical or policy differences, politics is essentially pointless. It is a game of spoils for the well-connected and little more than a sporting event for the rest of the country. Everyone wants to see his team come out on top.

Still, I have much hope for 2018.

I know we are continuing to make steady progress waking up the American people to the idea that ideas do matter! Our interventionist foreign policy, responsible for so much misery around the world, is not inevitable. Our destructive economic and monetary policies, which enrich the well-connected while impoverishing the rest of us, are not inevitable. The further destruction of our right to privacy, to live our lives as we see fit, to pursue our own happiness without the government looking over our shoulder, is not inevitable. We can turn this around!

In 2018 I strongly believe more Americans will wake up to the seriousness of the total debt the US is facing and will begin blaming Washington for pumping up the warfare-welfare state. I believe more Americans will understand the role of the Federal Reserve in facilitating this ocean of debt. We will continue to make progress toward ending the Fed!

While the media loves to tell us all about how the millennials are attracted to discredited ideas like Bernie Sanders’ socialism and the dead-end of cultural Marxism, I believe 2018 will demonstrate that young people are actually attracted to the ideas of liberty more than ever.

Liberty is a new idea and a winning idea, while the twin tyrannies of socialism and cultural Marxism should remain in same dustbin of history they were tossed into more than 25 years ago.

In 2018 my Institute for Peace and Prosperity will be reaching more people than ever with plenty of new projects, events, and of course our daily Liberty Report! Yes, we will turn this around. Liberty will prevail!

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MoneyGram Plunges After US Govt Blocks Merger With Alibaba-Backed Bank

Shares of Moneygram are tumbling after hours following the decision by the US government not to approve its merger with Ant Financial – a banking affiliate of China’s Alibaba.

 

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As Reuters reports, the companies were unable to get an approval for the deal from the Committee on Foreign Investment in the United States (CFIUS), according to a joint statement.

CFIUS is a secretive government panel which reviews acquisitions by foreign entities for potential national security risks.

“Despite our best efforts to work cooperatively with the U.S. government, it has now become clear that CFIUS will not approve this merger”, MoneyGram Chief Executive Alex Holmes said.

 

Ant Financial will pay a $30 million termination fee for the break-up of the deal, in which Ant Financial agreed to buy MoneyGram for $18 a share.

The US government’s decisions smashed the price down to its lowest since Dec 2016…

 

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“#FrozenAmerica”: Locals Panic As 92% Of US Below Freezing

New Year’s Revelers gathered in New York City’s Times Square two days ago had to contend with the coldest weather in at least 55 years, with the temperature falling to just eight degrees, and -4 with the wind chill. Even so, temperatures were higher than expected. As President Donald Trump had reminded us, New Years was expected to be the coldest on record.

But the cold snap that ushered in the new year has only worsened, with temperatures dropping 15 to 25 degrees below average in vast areas of the US, breaking century-old records. The cold front has sent temperatures below freezing in more than 92% of the Continental US, according to RT.

Because of this, citizens and authorities are taking unusual measures to stay warm and to keep facilities running.

For example, the water tower in an Evansdale suburb in Iowa froze when temperatures fell to minus 20 degrees. Mayor Doug Faas is considering sending in thermal suited divers to help break up the ice. The tower stores water for the town’s needs.

Faas told the Waterloo Cedar Falls Courier that an ice cap which has formed inside the tower is making it impossible for the water to circulate in or out, and the city is exploring all options to find a solution.

The National Weather Service has issued wind chill advisories and freeze warnings as temperatures plunged to a record low of 15 to 25 degrees for a vast area from South Texas to Canada, and from Montana through New England because of a high cold pressure front.

The cold weather has been blamed for nine deaths in the past week.

With temperatures dipping as low as 23 degrees Farenheight, residents in upstate New York are gathering heating supplies in preparation for sub-zero temperatures anticipated for the rest of the week.

Some areas are even starting to run out of oil stocks. A man in Woodstock, New York said they tried at least 12 companies, and “everybody is tapped out.”

“One of the small companies we called said the bigger oil companies have been calling them to see if they have backlogs of oil. It is starting to appear as if there is a shortage,” he said. “I don’t know if this cold spell was anticipated.”

Authorities opened warming shelters in the South as temperatures dipped close to zero in Alabama and Georgia. In Aberdeen, South Dakota, the mercury dropped to a record-breaking minus 32.

Georgia

 

Virginia

South Dakota

New Jersey

Because of the Polar blast, the US burned the most natural gas ever on Monday, breaking a record set during the so-called polar vortex that blanketed the nation’s eastern half with arctic air in 2014. America consumed 143 billion cubic feet of gas as temperatures dipped to the lowest level in decades on New Year’s Day, topping the previous high of 142 billion from four years ago, data from PointLogic Energy show, via Bloomberg

Natgas

“Now that we have some really cold weather, I think it will be the litmus for the bulls and the bears,” said Tom Saal, senior vice president of energy trading at FCStone Latin America. “We should see some pretty significant withdrawals” from storage.

In Alpine, Wisconsin, a dozen elk had to be rescued after they fell through the ice.

“About a dozen elk were roped, lassoed and dragged to safety Fri morning after they fell through the ice into Palisades Reservoir in Alpine, WY,” tweeted Mike Seidel from Wisconsin.

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‘Nigerian Prince’ Arrested in Louisiana, Orrin Hatch Retires, and ‘Monster Storm’ Threatens East Coast: P.M. Links

  • “Nigerian prince” arrested in Louisiana.
  • Utah Senator Orrin Hatch is retiring, paving the way for a possible Mitt Romney Senate run.
  • Air Traffic Control reform advocate Rep. Bill Schuster (R-Penn.) is retiring from Congress.
  • Israel threatens African migrants with deportation or imprisonment.
  • “Monster storm” prepares to hit East Coast.

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Simple Wisdom From One Of The Most Famous People Ever To Go Broke

Authored by Simon Black via SovereignMan.com,

In the late 1800s towards the end of his life, Mark Twain wrote one of his greatest observations of humanity:

“When you remember we are all mad, the mysteries disappear and life stands explained.”

Twain’s quote was primarily a commentary on himself.

A lot of people don’t know this, but Mark Twain went bankrupt late in life.

 

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His enormous fame as an author had brought him substantial wealth. But Twain squandered it all on countless business and investment blunders.

Twain’s publishing company, for example, racked up record sales of its 11 volume “Library of American Literature”.

The problem, however, was that the books cost him $25 to produce… but he only collected $3 up front from customers.

The more volumes he sold, the more money his company lost.

Twain started borrowing heavily to keep his business afloat, eventually mortgaging his home and taking substantial personal loans from wealthy friends.

But Twain was unable to indebt himself back into prosperity, and the company was run into the ground.

Simultaneously Twain made some hilariously boneheaded investments.

He chose NOT to invest in Alexander Graham Bell’s telephone (even though he boasted one of the country’s first telephones in his own home).

Instead Twain dumped more than $40,000 (nearly $1.5 million today) in a failed technology that went bust.

Twain invested in another technology that was supposed to revolutionize steam engines. Per the terms of the deal, Twain paid the inventor a stipend of $35 per week.

Twain wrote in his journal,

He visited me every few days to report progress and I early noticed by his breath and gain that he was spending 36 dollars a week on whisky, and I could never figure out where he got the other dollar.

Twain lost money in the stock market too, famously buying shares of Oregon Transcontinental Railroad at $78 per share, ignoring the stock bubble when it hit $98, and ultimately selling at $12.

Obviously there’s nothing wrong with buying stocks or even making high-risk speculations.

But Twain had an extraordinary knack for massively overextending himself… betting way too much on deals with excessive risk.

Even on the rare occasion that one of Twain’s businesses or investments turned a bit of success, it got wiped out in the Panic of 1893.

Every major newspaper in America picked up on his troubles, publishing stories like “Mark Twain Fails” (Washington Times) and “Mark Twain’s Company in Trouble” (New York Times).

Twain was nearly 60, yet he was totally insolvent and had been publicly humiliated. Even worse, the stress of his financial situation was starting to have a serious effect on his health.

Reflecting on his life, he was probably mystified at where he ended up. But “when you remember we are all mad. . .”

Now, Twain’s story ultimately has a happy ending.

He eventually found the grit and wherewithal to embark on a multi-year speaking tour, giving lectures around the world in places as far away as Australia, Bangladesh, and South Africa.

Today we’d think of these ‘lectures’ as stand-up comedy shows.

Between the tour and the stories he wrote about his travels, Twain managed to claw his way out of debt.

There’s a really fantastic book called Chasing the Last Laugh which chronicles Twain’s misfortunes and speaking tour– I highly recommend it.

I spent much of my holiday break over the past few weeks re-reading parts of the book, and it really drove home a very simple ethos: avoid major mistakes.

Twain made plenty of enormous mistakes, and he suffered dearly for them. His life would have been totally different had he avoided them.

Looking around today I see a multitude of opportunities to make major mistakes.

Nearly every major asset class– property, bonds, stocks, venture capital, etc. is simultaneously at all-time highs with valuations not seen since historic crashes… yet investors keep piling in.

Even emerging asset classes have created spectacular bubbles that have literally never been seen before in history, replete with novice speculators who truly believe that they are hot shot investors despite having zero financial literacy.

Almost every major western government is so deeply in debt that they are officially insolvent, i.e. their debts and liabilities dramatically exceed their assets.

Trillions of dollars worth of debt has been issued by bankrupt governments at NEGATIVE interest rates. It’s insane.

National pension funds, which tens of millions of people depend on, are rapidly running out of money.

These conditions are so irrational, it’s hard to imagine how we even got here. But “when you remember we are all mad. . .” it starts to make sense.

In our upcoming conversations I’d like to dive into these risks in greater detail, and talk about how to avoid major mistakes.

It’s incredible what a profound impact it can have on your life when you follow this rule.

Avoiding major mistakes doesn’t mean hiding in the basement and cowering in fear. It means acknowledging some basic realities, being brutally honest with yourself, and staying rational.

We usually make major mistakes when we’re driven by emotions… especially when those emotions are fear, greed, or ego.

(I’ve committed more than my fair share of those mistakes over the years… though fortunately fewer and fewer of them as time goes on. I’ll tell you some of those stories this week.)

We also make major mistakes when we totally misjudge (or fail to see) obvious risks.

Yet risk assessment is far from rocket science:

If your government is bankrupt, it probably makes sense to diversify a bit. If assets are trading at record high valuations, it might make sense to consider taking some money off the table. Simple.

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Will the Government Ban Human Driving?

SelfDrivingEvgenyGerasimonovDreamstimeWhen self-driving vehicles become safer than human-driven ones, the government will ban people from driving. Or that, at least, is the claim made in some recent articles in Automotive News and National Review. Bob Lutz, former vice chairman and head of product development at General Motors, declares in Automotive News that vehicles “will no longer be driven by humans because in 15 to 20 years—at the latest—human-driven vehicles will be legislated off the highways.” By the time 20 to 30 percent of vehicles on the roads are fully autonomous, Lutz argues, officials “will look at the accident statistics and figure out that human drivers are causing 99.9 percent of the accidents.”

Most self-driving vehicles, he believes, will be standardized modules ordered and operated by big transportation fleet companies; riders will summon them with the touch of a screen or a voice command to a digital assistant. Human driving of high-end specialty vehicles will continue, Lutz predicts, but only as an elite pastime confined to country clubs and the equivalent of motorsport dude ranches. “The era of the human-driven automobile, its repair facilities, its dealerships, the media surrounding it—all will be gone in 20 years,” he writes.

Similarly, National Review‘s Charles C.W. Cooke writes: “At some point in the future, be it years, decades, or a century hence, the federal government will seek to ban driving.” Cooke agrees that those seeking to ban human driving will base their arguments on the dramatically lower level of highway carnage that self-driving vehicles will bring about.

Lutz is more or less resigned to a future where human driving is banned, but Cooke fiercely argues for resisting any such ban. Indeed, he urges the adoption of a constitutional amendment: “Congress shall make no law restricting adults from driving licensed vehicles.”

In the 20th century, Cooke points out, automobiles were machines of liberation enabling people to go where they wanted when they wanted without having to tell anyone what they were up to. In contrast, the fleet owner of automous vehicles would know where the car picked you up, where it let you out, and how many passengers traveled with you. The company will probably also monitor you via video to make sure you don’t vandalize the module. Cooke argues that such a vehicle “would become a telescreen on wheels—an FBI-approved bug, to be slipped beneath the chassis in plain sight of the surveilled. At a stroke, my autonomy would be gone.”

Cooke has a point. Still the fact is that our robocar travels will add only a bit more to the copious data exhaust we already leave in our wakes as we wander through the world using our credit cards, Apple Pay, ride-hailing services, E-Z passes, and mobile telephones. Protecting our privacy from government snooping will take far more than guaranteeing folks the right to drive themselves. (For example, the U.S. Supreme Court is currently considering a case in which police demanded without a warrant the geolocation cell phone data that they used to prosecute a suspected armed robber.)

Whether or not human driving is ever actually banned, a good first step toward for protecting our privacy, including our privacy while traveling in self-driving vehicles, would be the adoption of the Geolocational and Privacy Surveillance Act. This law would require the government to show probable cause and get a warrant before acquiring the geolocational information of any U.S. person. The act would apply “to all law enforcement acquisitions of the geolocational information of individual Americans without their knowledge, including acquisition from commercial service providers as well as direct acquisitions using ‘Stingrays‘ and similar devices or tracking devices covertly installed by the government.” The act would require a warrant for real-time tracking of a person’s movements and for the acquisition of records of past movements.

In any case, most folks will probably switch voluntarily to hiring self-driving vehicles on demand—not just because they’re safer, but because using them is projected to cost as much as 75 percent less than owning a car. It will be interesting to see how much liability insurance will cost folks who still want to drive on public roads in world where automobile accidents will have become very rare. Don’t be surprised if it’s the market, not the government, that ends up “banning” human-driven automobiles.

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Nasdaq’s Best Start To A Year Since 2013 As Bitcoin, Bullion, & Bond Yields Spike

Investors started 2018 like this…

And those same investors bought tech stocks (and Biotech) with both hands and feet today as Nasdaq massively outperformed (along with Trannies) and the Dow lagged…

 

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S&P, Trannies, and Nasdaq record high.

This was Nasdaq’s best start to a year since 2013… and closed above 7,000 for the first time ever…

 

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Futures show the excitement better…

 

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VIX was monkeyhammered lower after Friday’s spike…From an opening high over 11 to 9.5…

 

 

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Biotech’s best day in 4 months, FANG’s best day in 3 months, but banks lower…

 

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Plenty of chatter today about Treasury yields spiking (and the yield curve steepening) as being some sign of rotation but the reality is that today’s action was much more likely based on rate-locks being set ahead of a very heavy week of IG issuance (expectations of over $30bn in sales this week and $136bn for Jan)…

 

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30 year yields spiked to Christmas Eve levels…

 

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The Dollar continues to freefall – down for the 5th straight day to the lowest close since Sept 26th…

 

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After an initially weak start to the year, Bitcoin soared higher today – above $15000 – after Thiel headlines; Ethereum remains the winner so far…

 

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Gold and Bitcoin have recoupled from their pre-December normalized relationship…

 

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With gold futures tagging $1320 into the close…

 

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Since The Fed hiked rates in December, there is only one winner…

 

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