Peter Schiff on Bill Gates proposal to tax robots

– on Bill Gates comments on taxing robots: this is ridiculous; will the robot benefit in pensions or welfare?
– the idea that robots are a bad thing has always happened
– think about the inventions in Star Treck: the replicator; how many people did the replicator put out of work?

Our comments: It’s amazing how Bill just turned out so communist at an old age. While he was developing software and replacing all accountants or mathematicians and all other office workers with this tools, why wasn’t he proposing robots taxation back then? What’s different? Software “bots”  replaced and will replace a lot more people than autonomous cars.

Schiff’s comparison with the wheel is genial. Bill Gates simply has a blue screen in his reasoning to come with such idea. I mean, such an idea coming from some liberal politician would not be considered so outrageous since we would not expect them to be smart or market oriented. But Gates?!? He was supposed to be smart!

Andrew Hoffman – Everything is Going Down @ Fincancial Survival Network

– central banks are rediscovering inflation;
– Europe is a mess; 6 months we’ll have revolution in France and maybe Italy; this year is the beginning of the end for UE;
– in 6 months the dollar will be higher;
– China will devalue the yuan; their currencies reserves are draining; they can’t fight; they are in the bigger buggle in history;

 

Jim Rogers On Trump’s Trade Wars

  • if Trump stars trade war with China, it’s over; else, happy days are here;
  • at some point market forces will pull down the dollar; the dollar is perceived as a safe-heaven; => bullish on dollar;
  • when economy has problems, people start blaming foreigners; then wars erupt;

 

Peter Schiff: Yellen wants to get out a dodge

  • worst month for dollar; in other currencies Dow was even down a bit;
  • Yellen & the rest of the cohort will not be aggressive on the rate hike;
  • they are not anxious to hurt the economy yet; only if the inflation spikes, they will hike a quarter point;

Protectionism – Germans are terrified by Trump @ Deutsche Welle

German economy is based on high exports supported by the cheap euro currency. Trump has scared the sh*t out of the teutons with it’s future import tax. The most scarry for germans is that they do not know what Trump really wants to do. Second, they are scared that China and Mexico are not the only exporters into US that Trump has it’s eye upon.

Germans hope that since a trade war would have short term consequences for americans, Trump will talk the talk and walk the walk.