Can Demonetization Help Boost Living Standard While Erasing Poverty At The Same Time?

Is it possible that in the near future almost everything will be demonetized?  Just recently I’d read a TheVerge headline “GM will make an autonomous car without steering wheel or pedals by 2019” which suggests automation in the auto industry is actually speeding up as we speak.  If this is “gonna” happen, it will be a fun ride for everyone in this industry to figure out how they will adjust to such a change.  Could demonetization come sooner for the auto industry?

Imagine, the cost of owning a car associated with the costs of related industries such as insurance may add up more than just owning a self-driving car.  If this is the case, then a self-driving car can actually help bring down the costs of having to own a car.  It seems if we can automate car driving, why not every other mode of transportation?  Such ambition may drive and demonetize the costs of almost every mode of transportation that will be available in the near future.

I was just recently pulled over by the police for crossing a green light when another car also was trying to cross the intersection.  It was a weird thing for me.  Near the highway, there is a small opening which divides the left turn section that leads out to the main highway.  The light is green, but the traffic got stuck ahead of me.  I stopped at the green light to leave an opening for the other car to drive through, but this car couldn’t or wouldn’t want to drive through.

The traffic ahead suddenly moved forward and so I’d decide to either hold up the rest of the traffic behind me while the light is green so this one car could go through eventually or just move forward so the traffic from behind me could flow forward.  Unfortunately, this car seemed to be doing nothing as the traffic behind me on the right kept on moving forward as the light is green.  So I decided to move forward onto the main highway in my left-turn lane so I wouldn’t hold back the traffic behind me.  Unfortunately, a police car behind me pulled me over for doing I thought what would be best.  In the end, I told him I didn’t know what to do in such a scenario, and so the police just gave me a verbal warning.

I was lucky to not get a huge traffic ticket bill for the incident.  While driving back home I revisited the GM self-driving car announcement for 2019 in my head, and from within I knew I couldn’t wait for this whole self-driving car to become a reality.  Basically, I think the self-driving car could help clear me in such situation immediately.  Imagine the reaction of the police when they pull you over because your self-driving car got no steering wheel.

If they write a ticket, would it be billed to GM or to the insurance company?  Will GM provide insurance for the self-driving car or you have to buy one even though you won’t be driving the car yourself?  One thing for sure though, when the self-driving car makes mistakes, you know for sure you aren’t responsible for the mistakes.  In my earlier scenario, I guess the police wouldn’t even care to give out a verbal warning if the self-driving car was making the decision right?  Or the police can just write a citation to GM so GM would tweak their self-driving car software better, right?

As the video above suggests that demonetization for almost everything might become the reality of the future as more things are going to be evermore abundant as long we know how to generate energy near zero cost and whatnot.  The efficiency of renewable energy is going to be a very important factor in helping a futuristic demonetization society.

Furthermore, if demonetization isn’t in a future deck of cards, then we may see a lot of troubles ahead.  How come?  Imagine more automation can only be sped up as we speak because of competition from China and other countries that got a lot of demands for keeping their industries stay competitive.  The chain reaction of speeding up automation from abroad may greatly speed up automation at home.  The widespread of automation will speed up in taking out the human element in the workforce as time rolls on.  As more humans lose jobs to AI robots and other AI machines, I think demonetization will help us somewhat solve the problem of poverty as joblessness may become a widespread problem in the future.

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Catch Me If You Can, The Real One.

I don’t think I’d ever finished watching the movie “Catch Me If You Can,” because for some strange reasons I never got to finish it.  Now, I don’t even remember the exact reasons.  Anyhow, I watched enough of the movie that I think I remembered many parts of the movie.  At the very least I know the movie is about a very gifted young man who could pretend to be just about anybody so he could become them and financially take advantage of his new persona.  This also reminds me of “The Pretender” TV show, and this was and still probably is a great show too — strangely I couldn’t finish the whole show either.

I find it’s pretty intriguing that someone could just become somebody else without any fear and self-doubt.  The awesome thing about “Catch Me If You Can” movie is that it’s based on a real-life person who is still alive and doing very well.  In fact, if you have already watched the movie and interested in the real-life person that gives life to the main movie character, you definitely want to check out the YouTube video below to see his Google Talk.  I think you will find that he is still rather very interesting!

Will Alibaba’s Car Vending Machine Make You A Happier Car Buyer? Will Car Salesmen Lose Job To A Car Vending Machine?

I remembered how stressful buying a car was for me.  Ten years ago, a car salesman even insulted me for not accepting his deal, and he told me why even bothered to try to buy the car I want in the first place.  He said I properly fit better with cheaper cars, but I told him I wanted a better deal for the car I was trying to buy.  Anyway, the moral of the story was whether you’re right or wrong on wanting to buy a car you want, dealing with a car salesman can sometimes be very stressful for a car buyer.

That car salesman even suggested I should trade in my old car for the newer one, and when I was done with the calculation according to his deal I noticed that the dealership was trying to swallow my old car without crediting much back into the newer car I wanted to buy.  Basically, I sold the old car by placing an online classified car ad and bought the new car through the dealership without doing a trade-in deal.  The moral of the story continues, it’s rare for you to be lucky to not have to deal with a dealership and car salesmen that would not want to eat you up alive when you’re trying to buy a car.

Anyway, I like any idea of buying a car without the insults and stress, and so I think I wouldn’t mind buying a car through a giant vending machine like the one that is being suggested in the video right after the break.

Although Alibaba’s giant car vending machine idea seems to be futuristic, but I think it’s just a smarter way of repackaging readily available ideas into a smoother car buying operation.  If I understand the video correctly, after you collect your car from the giant vending machine you get to test drive it for couple days.  Once you commit to buying the car you could just then pop online and finish up the payment process.  This way, you cut out the middlemen like some sleazy car salesmen, and your whole car purchasing process might be smoother and more enjoyable.

Weaker Dollar, Stronger Yuan May Hurt The United States And Help China In The Long Run!

I’m no expert in economic matters, but I just want to use my own personal logic to make sense of a few things that are currently happening.  People are seeing that the Dollar is weakening as we speak, and the Yuan is growing stronger as we speak.  Some people say weaker Dollar is a good thing because export will become more profitable.  Furthermore, when export becomes profitable, it also drives up the manufacturing sector at home.  That’s the theory for some people, but I feel that it’s way more complicated than this.

Since the United States isn’t a world manufacture hub — China is holding this title — the United States’ exports won’t matter as much unless the United States becomes the world manufacture hub.  Sure, with weaker Dollar, the United States’ exports will become more competitive than before.  The question is, will a little gain in competitiveness in exports spur the manufacturing sector at home?  Meanwhile, weaker Dollar will make the United States’ imports a lot more expensive.

I think the United States currently imports a lot more than exports.  The United States’ import is at $2.25 trillion and the export is at $1.45 trillion for the year of 2016, according to Wikipedia.  If the United States’ exports continue to slack even with the weak Dollar and the imports continue to grow, the United States could face an even stronger trade deficit.  For an example, manufacturer companies in the United States may have to import more expensive materials from the outside to manufacture products at home for selling across the world and at home.  This may not make the products at home cheaper for homegrown consumers.  Furthermore, this will increase the trade deficit in manufacturing sector if not enough products within the United States get to export to balance out the import costs.

Weak Dollar will increase less buying power for the Americans who go abroad for vacation, business, and so forth.  Weak Dollar can make purchases of products from foreign companies through online websites or offline imports more expensive for the American consumers.  For an example, I could be buying a music plugin from an online website which belongs to a French company, and with a weak Dollar, I could be paying more for this software.

I guess good things and bad things do exist even when the Dollar is weak or strong.  Nonetheless, the most interesting question is can the United States fare better when the Dollar is weaker or stronger.  In my opinion, weaker Dollar can help spur export a bit, but if the United States’ exports don’t carry the whole United States’ overall, long-term economy, then the weaker Dollar will be a very bad thing!

What about China?  If the United States enters a trade war against China, China can increase import tariff costs for the products from the United States.  This could hurt the United States’ export market because weaker Dollar would be neutralized by this move from China.  Furthermore, China can also buy up weak Dollar on the cheap to make Yuan stronger if this would serve China’s agenda.  Of course, stronger Yuan for China could make China’s exports look expensive.  Still, from what I’ve heard, China is trying to spur demands at home to create a bigger home consumer market so China won’t be relying on too much from the export market.  If this is the case, then cheap Dollar would be beneficial for China in a big way!

Stronger Yuan would allow Chinese who are going abroad to get more bang for the buck.  Meanwhile, Chinese imports would become cheaper, and so China won’t have to spend so much money to import stuff.  As China’s export market isn’t doing so bad and the imports get cheaper, stronger Yuan allows China to continue to reform her consumption market.  Foreign companies would love to enter China’s bigger homegrown consumption market because China has 1.4 billion headcounts and growing.  As China becomes an ever more important factor for foreign companies due to the size of Chinese population and market, China can begin to dictate tastes, styles, fashions, and so forth worldwide.  Chinese culture will become ever more influential if Chinese market becomes the most important market in the world.

With a weaker Dollar and stronger Yuan, entering a trade war against China might be very bad for the United States!  China can sanction the United States’ companies, entities, and so much more to crash the United States economy.  Of course, a trade war would be bad for China too, because the United States’ imports from China do matter to China a lot.  Nonetheless, as China doesn’t rely on the export market so much, a trade war between the United States and China won’t deter Chinese economic reform plan.  After all, China wants to grow the homegrown consumption market!  While growing a homegrown consumption market to rely less on the export market, China relies on the cheaper import market to balance out the reduction of Chinese exports.  Weaker Dollar and stronger Yuan will allow China to transit from the export market to a service market, also to move to a higher value-added export market — all in all – making this transition in a smoother fashion.

In conclusion, I think China can make the best out of either weaker or stronger Dollar, and the United States — as long as the country stays less competitive — won’t be able to have the upper hand if a trade war occurs between China and the United States.  Meanwhile, China can use stronger Yuan to buy cheap debts from United States’ weak Dollar to prop up China Yuan’s strength.  This, in turn, will actually help China transits from a manufacturing to a service economy.  As the low value-added market goes away in China, China has to accelerate the reform of the manufacturing sector at home so Chinese future export market will be more about high value-added products.  Anyhow, if the United States isn’t going to be able to use the opportunity of a weaker Dollar to reform her economy somehow to make the United States’ economy more competitive against rivals such as China, in the long run other rivals will use the weaker Dollar as the opportunity to make their own economies a lot stronger.

I Believe Bitcoin May Not Survive Outside China In The Long Run!

I just checked the Bitcoin price and saw Bitcoin dropped down to $3,806.93.  It is a steep drop from when I saw Bitcoin was up near to $5,000.  This has happened because Chinese government is stepping up in regulation for Bitcoin.  Rumor or not, Chinese government is banning several major Chinese Bitcoin exchanges and stopping groups in China to create new virtual currencies.  Since such news have come out of China, Bitcoin has continued to slide downward.  It got rebound a bit, but it’s not yet over $4,000.

People are believing in Bitcoin for several reasons.  One important reason they believe in is that other governments won’t ban Bitcoin and so Bitcoin could survive outside China and around the world.  Other reasons are that Bitcoin won’t be controlled by governments, and so people can actually surpass the governments’ scrutiny when making financial decisions.  Unfortunately, Bitcoin has too many reasons for the governments around the world to step up to regulate.

I believe that China is a very powerful market factor, because China has the power to persuade other governments to step up their own Bitcoin regulations.  This is why I think Bitcoin won’t survive in the long run!  Of course, that’s my belief, and so I could be 100% wrong!  Don’t take my belief as fact, because you need to do your own research and soul searching whenever it comes to financial decision.  If you’re investing in Bitcoin and believing in Bitcoin, then you should just do what you think it’s best for you!

Anyhow, I like the idea of Bitcoin, but Bitcoin has several weak points that make me feel so uncomfortable about it.  Two most important weak points about Bitcoin are governmental factor which I had mentioned, and the other one is how easily Bitcoin could disappear.  What do I mean by this?  Well, let’s say I believe that Bitcoin coins are not actually safe on your devices.  Computers’ storages could get corrupted and poof your Bitcoin coins would disappear.  Hackers could just hack into your network or your smartphones and poof your Bitcoin coins would disappear.  No electricity or battery power, well you can’t really use your Bitcoin coins until the power is back.

In short, Bitcoin is much harder to get refund or recover once the coins leave you for good.  There is no institution to make sure the transaction is just, and the transaction always depends on pure trust without any insurance.  Once the governments start to ban Bitcoin together at large (i.e., worldwide), it makes Bitcoin users to lose the ability to appeal to the authorities for transactions gone wrong.  This weakens the Bitcoin’s appeal by a lot I think.  The things that make gold, hard physical asset, more appealing are values that can be verified and redeemed in the eyes of the world.  Bitcoin lacks the redeem attribute!  In my eyes, Bitcoin does not have the shine of gold, because you can’t redeem Bitcoin on justification but on pure trust!

 

 

Vietnamese Man In Africa

It’s a common story to see Vietnamese people travel to places like United States, Australia, France, China, and various other places to settle, but it’s rare, at least for me, to hear about a Vietnamese who would settle in Africa.  Furthermore, documentaries and TVs usually show an ugly image of most places in Africa besides the tourist attractions, and so Africa isn’t usually a place for Vietnamese to travel to for settling.  Anyhow, for me, personally, I’ve lived in the United States for the most part of my life, and so I wouldn’t know much about Africa for sure.  This is why I’m so curious and in awe to see a Vietnamese person who is successfully settled in Africa.  In the video right after the break, you get to see a story of a Vietnamese man who was tricked into visiting Africa which he got no money to fly back home.  Instead of flying back home, he made his living there from day one in which he got zero cent on his body.  Yet somehow he was able to make a living, and now he is somewhat successful in Africa.