What Happens Now?

by | Apr 21, 2021 | Archives

Here’s a way to understand what happens next in the future.

This last year has seen rapid maturing of a global socio-economic system that was already maturing fast enough.

The formation of the next socio economic system and not knowing exactly “What’s Next” is creating a lot of turmoil.

The questions about “What’s Ahead” are huge, daunting and can be perplexing.

Historian Yuval Noah Harari  encapsulates the dilemmas we face in his book “Homo Deus: A History of Tomorrow”.

The book says: If we think in term of months, we had probably focus on immediate problems such as the turmoil in the Middle East, the refugee crisis in Europe and the slowing of the Chinese economy.

If we think in terms of decades, then global warming, growing inequality and the disruption of the job market loom large.

Yet if we take the really grand view of life, all other problems and developments are overshadowed by three interlinked processes:

1.​Science is converging on an all-encompassing dogma, which says that organisms are algorithms and life is data processing.

2.​Intelligence is decoupling from consciousness.

3.​Non-conscious but highly intelligent algorithms may soon know us better than we know ourselves.

These three processes raise three key questions, which I hope will stick in your mind long after you have finished this book:

1.​Are organisms really just algorithms, and is life really just data processing?

2.​What’s more valuable – intelligence or consciousness?

3.​What will happen to society, politics and daily life when non-conscious but highly intelligent algorithms know us better than we know ourselves?”

As one of the earliest benefactors of the current and fading post WWII socio-economic era (I was born in 1946) , I have to continually ask myself, “are my beliefs, feelings and experiences, that were developed 50 and 60 years ago, valid guides into the future or are they out-of-date biases”.

This is a tough call because two of my golden rules of investing are: “There is always something I don’t know” and  “A company is worth its ideas, less its experience“.

For example, based on share value, car maker Tesla has become worth more than any other car maker, more than Ford and General Motors combined.

“Is Tesla really worth that”, I ask myself?

My experiences in cars began with my first car, a baby blue 58 Chevy.

ecuador-car-rentals

58 Chevy

Next came a 1967 Pontiac Tempest Le Mans and when I started a family a ponderous Ford LTD station wagon.

So I was pretty indoctrinated to Ford and GM.  That changed big time after I left the US for 20 years and on return found that the Japanese were building better cars. I shifted to Hondas.

Yet in 2020 Ford and GM produced about ten times as many cars as Tesla.  Can Tesla which has not yet made a profit have such future prospects that it’s worth more than both of these big US companies put together?

Tesla;’s advantage is that it’s not encumbered with the rigid structure that has ossified at both Ford and GM for over a century.  Electric is the wave of the future.  But the market’s valuation of Tesla seems overstated by current standards and it’s hard for me to let go of those gut feelings developed in my early days of Super Sport big engine cars.

We cannot help being shaped by the past but freeing our beliefs as much as we can is an essential key for future  success.

green-investing

1967 Pontiac Tempest Le mans

Yet we cannot discount Elon Musk and his grasp on what’s happening now.

tesla

Tesla

In a good example, recently my copper wire derived internet service provided by Centurylink went down on a Thursday night.  After working through the online time consuming artificial intelligence, I was able to chat with a Centurylink human being stuck somewhere in the world (but obviously not in the US) on the Friday morning. I was informed that a repair would have to wait three days until Monday.  I felt this was unacceptable and went as far as getting a supervisor, who after my refusal to accept this delay, said he would put this on an expedited schedule.

“Liar liar pants on fire.”  Nothing happened over the weekend and Monday I was informed that the repair would not take place until Tuesday (five days without service).  I again worked my way through the artificial intelligence on the phone and up to a supervisor.  The result was “dear valuable customer…. take a hike”.

I did take a hike. I hiked directly to the internet and signed up for Elon Musk’s Starlink internet service.  After having  lived through eras with no phone, then a four party line, then a one party line, then to direct dial globally, then to wireless phone and then fiber optics… the last copper communication link in my life is about to0 be gone.  After giving Centurylink, decades of loyal service, they are toast as far as I am concerned.

Turns out that the problem was my fault as well. Thursday a car took out a telephone pole and cut power.  When the DSL did not come back on.

My stupid gene kicked in!   I unplugged everything and when I plugged back in, I put the phone line into the phone jacket in the modem instead of the DSL jack.  Yet the five day delay in getting service was enough of an irritant to figure out how to replace a nominal service with new things  (T-Moble 5G or Starlink for example).

Centurylink has not been able to keep up.  Its ossified bureaucracy has stopped it from evolving and Elon Musk has seen this.

Are Ford and GM doomed by their century of experience as well?

Maybe. Maybe not.

On the other hand the same day I was upgrading my internet to Starlink, a Wall Street Journal article “Rivals of SpaceX’s Satellites Cite Risk” (1) explains that both Teslas and SpaceX satellites are manufactured on a launch first – upgrade later and may need fixing down the road, which could affect profitability.

The detractors of Skylink use a Ford versus Tesla analogy:  The article says: “SpaceX has a gung-ho approach to space. says Chris McLaughlin, government affairs chief for rival OneWeb. Every one of our satellites is like a Ford Focus-it does the same thing, it gets tested, it works-while Starlink satellites are like Teslas: They launch them, then they have to upgrade them, fix them or replace them altogether.

The same Wall Street Journal also included the article, “Elon Musk Weighs In on Fatal Tesla Crash as Safety Officials Investigate”. (2)

In other words there are pros and cons to Tesla.  Electric cars I am betting are here to come.  Who will lead the way?  That’s hard to tell.

Due to the rapid pace of evolving technology, the gung-ho approach may be the better way to work.

How do we know?

One way to get feelings about the future and test our biases is to reflect on fundamentals of human nature.  Nations, beliefs, opinions and businesses change with new technology, but human nature is immutable and remains steadfast.

When we look at how mankind reacts naturally to all things we can sweep away a lot of the mental and emotional chaff, fodder and crap.

One way to review human nature is to study what Abraham Maslow calls “The Hierarchy of Needs” in his book “Theory of Human Motivation”.

maslow

The nature of our upcoming economy and social structure will be as different as the Information Era was from the Industrial Era.

As different as each has been from the last, each era has been highly affected by human nature and the way humans react, as individuals and society as a whole.  Maslow states that the human reactionary path moves through six steps in life if given a chance to progress.

The first step in Maslow’s “Needs Hierarchy” is to take care of one’s physical needs, the second is to gain security. After these two levels the third step is to focus on social needs before progressing to the fourth step of acknowledgement and then self realization and finally idealization or the need to find a purpose beyond oneself.

Let’s put this into day-to-day economic terms. A person first makes sure he or she has food, clothing and shelter. If these needs are not fulfilled, not much else matters. Someone who is cold and hungry rarely thinks too much about how they look or about the social impact of their process of getting food. Enough hunger and cold will lead people to take great physical risks to be fed and warmed.

But once the belly is full, the body warm and the larder filled, one begins to think about how to protect that food and how to stay warm. When secure and comfortable that the physical needs are and will remain satisfied we start to think about how we look, how we get along with others and how we fit into our society and family. We want to fit in! At least for awhile.

Then we want to excel, to be acknowledged, in our society or family, as being special, being good, being more than just acceptable.

When we reach a point where we have convinced others we are special and unique, we become driven to convince ourselves of this fact. We look for acknowledgement.

Finally, if we prove ourselves to ourselves, we reach a sixth level of having needs that goes beyond ourselves.

Our upcoming society will be dramatically affected by this hierarchy of nature and four other current facts.

First the fact that parts of the world (industrialized society) have seen a six times increase in wealth in just one century. Today the average American is 40 times richer than ancient mankind, an amazing increase.

This added wealth however has not created increased happiness.   The basic human reaction to success is not satisfaction, but rather craving for more.  No matter how much better things get, the improvement will only increase the desire for more.

Second most of the incredibly rich westerners are still not satisfied.

Luxuries never remain luxuries for long.  They become necessities. The new “must haves” create new responsibilities.  Once people get used to a new luxury, they take it for granted and count on it. Finally it becomes a burden they can’t live without it.

I have a good example with my Honda Minivan.  Several previous models I owned had automatic closing side doors. I never thought much about this until the latest minivan I purchased did not have this automation.   I feel deprived each day I use it!

The overload of time saving devices we have, computers, cell phones, Skype, Zoom, that should make life easier, actually make us worker harder instead.  This increases stress, anxiety, fatigue and agitation.

Third most people in world haven’t enjoyed this increase in wealth.

The wealth and income gap continues to grow within nations and between countries as well. Large wealth and income gaps create conflict, divisiveness and vulnerability.  Remember cohesion in a society is what makes it great.  The American Dream is only great if enough Americans believe in a similar dream, etc.

Pre-pandemic, wealth inequality was already a problem.  There is a “two-track” economy enriching those who own stocks, or who are already firmly middle or high-income. They get an increasing share of national income as the balance grow poorer

The pandemic exacerbated the economy’s uneven wealth and income division.

Nearly 8 million Americans have joined the ranks of the poor since June, according to researchers from the University of Chicago and University of Notre Dame. More than 27 million adults were in households that “sometimes or often” experienced a lack of enough food to eat within the last seven days, according to a Census survey. (3)

This especially decreases unity in the nation when the wealth gap is clearly spotlighted between particular groups, cultures or areas.  For example, a 2018 research report revealed that the median Black household has less than 11 percent the wealth of the median White household. (4)

The bottom of earners have been dragged downward, with lower-income individuals continuing to struggle with the economic fallout. The poor were financially vulnerable, with many on unemployment benefits or risking their health as an essential service worker. From June to November, about 7.8 million Americans fell below the poverty line. (5)

wealth gap

The wealth gap problem is magnified because the US, purportedly leader of the free world, has one of the worst wealth gaps.  The map above (6) from Wikepedia shows the Gini Coefficient of Wealth Inequality.  Countries in red have the worst wealth inequality.

Fourth most of the world, rich and poor can see the discrepancies in wealth between the rich and poor better than ever before… and that view is highly distorted.

Censorship no longer works by prohibiting information. The new censorship uses algorithms to channel which  information we get to see and floods us with so much data, most of it misinformation, or irrelevant information that we are unable to focus.

Even if we could absorb all the data, we are not humanly able to make intelligent decisions.  We are ruled by a human constraint that psychologists call “Limited Channel Capacity” (LCC), the fact that our brain can only deal with a limited amount of information at any one time.

LCC means that our minds have the ability to discern only six or seven variations of any one thing.

Six or seven channels is the limitation of our discrimination.  A study on this tested the human ability to discriminate sounds.  The study showed that if a person is given a range of low sounds, it is possible to very accurately discriminate between six or seven low tones.  After six or seven choices a person’s ability to discriminate is dramatically reduced and confused. The study group could not tell if more tones were higher and/or lower.  The test was repeated with high tones.  Again those tested were very accurate if the range of tones was limited to six or seven. Beyond this number they lost their ability to discriminate accurately.

When we are bombarded with too much data, we become confused, overloaded and freeze up like a deer caught in a spotlight.

The upcoming era (I’ll call it the Algorithm Era for now) will use artificial intelligence to increase the wealth gap.  

This era will see huge gains in productivity accompanied by mass unemployment or underemployment.    Advanced access to information, artificial intelligence, algorithms and robotics will reduce labor costs and enrich the few who participate in this tech.  Those who are not involved will slide toward the poorer sector.

The problems will grow within and between nations. This division could not come at a worse time because we are also feeling the turmoil caused by the end of nations.

Harari once again describes the problem in his book, “Homo Deus: A History of Tomorrow”:  “As the twenty-first century unfolds, nationalism is fast losing ground. More and more people believe that all of humankind is the legitimate source of political authority, rather than the members of a particular nationality, and that safeguarding human rights and protecting the interests of the entire human species should be the guiding light of politics.”

The governmental tortoise cannot keep up with the technological hare.”

“Precisely because technology is now moving so fast, and parliaments and dictators alike are overwhelmed by data they cannot process quickly enough, present-day politicians are thinking on a far smaller scale than their predecessors a century ago. Consequently, in the early twenty-first century politics is bereft of grand visions. Government has become mere administration. It manages the country, but it no longer leads it.”

We all live on a connected world.  As long as we have airplanes and pandemic, nuclear weapons and rockets, we are all at growing risk.  Global cooperation is needed to resolve the challenges the world faces.  Whether it’s climate change or whether it’s technological disruption, nationalism and isolation are not capable of overcoming the problems.

As you turn your vision toward the future, uses the lenses from the six human needs and four current facts.

We cannot ever see the future perfectly, but by filtering the ever changing goings on through these ten solid realities, the picture becomes clearer so we can find opportunities in the problems our changing world create.

Gary

CHAOS CREATES MANY OPPORTUNITIES FOR YOU

Cash in on the new normal.

If the pandemic has taught us anything it’s that the so called “experts” really don’t have a clue how to solve this problem. We cannot rely on their information. Instead, we need to plan for and prepare for our own “new normal” if we want to survive.

The pandemic is not the only problem.

The global response to this viral outbreak is just one signal of a world that’s sliding into a devastation and disorder.  The worst turmoil is still to come because of the economic destruction.

With mounting debt, we are well into an economic collapse that will be worse than the pandemic.

The current social economic archetype has already killed millions and destroyed the finances and lives of far more.   Worldwide, unemployment is at an all-time high.  Many businesses have been destroyed.

Governments are trying to solve the problem by throwing money on the fire and are they are being crushed in debt in the process.

Yet, this is just a beginning. It is estimated that it will take 10-15 years to recover from the economic devastation.

To survive the coming economic downturns, you’ll need to learn the importance of adjusting how you live, work, invest and take care of yourself for the next ten to fifteen years!
You can’t rely on governments to bail you out.

Adapt!

That’s exactly what Merri and I have been doing for the last 50 years.

3 d

We have learned the power of being able to adapt to constantly changing markets all over the world and created a not-so small fortune while doing so.  That’s why we’re uniquely qualified to teach you how to not just survive but to PROSPER during the challenging times ahead. Chaos always creates many opportunities for those who know how to spot them and take advantage of them. A good example has been the mass exodus from urban areas to more rural areas.

Since many are working from home, they can live anywhere. There is a shortage of good housing in rural areas now. Merri and I are buying then rehabbing houses to full the gap.  We saw this opportunity coming and jumped in early.

We let readers know of the risks of a pandemic, back in 2016.

Many are already enjoying a safer more secure and financially stable lifestyle already despite the lockdowns and crumbling economy.

Instead of waiting for things to get better, start preparing for things to get worse, much worse.

You also need to learn how to spot opportunities which are all around you. As the economy changes, the opportunities will change too.

That’s why Merri and I keep a constant pulse on opportunities worldwide and report our findings to a special club of unique individuals that we started over 30 years ago. For decades, this club has been called the International Club, but this year we renamed it the Pruppie Club.

What is a Pruppie?

Pruppieism, the new economic and social realism.  Pruppies, like Yuppies, expect everything to expand. They take advantage of every new benefit and technology they can. Pruppies enjoy using the fruits of our ancestor’s deliberations and labors to earn in this advanced technological world.

Pruppies, also, like Preppers, engage in activity that they love that will sustain them when society and the incredibly intricate weave of our global economy and society let us down.

We need to be both, Yuppies and Preppers, Pruppies!

Take profit from the incredible new technology that gives us super powers to earn and grow wealth. Be safe and secure, when social economic tidal waves like plagues, stagflation fascism and communism overwhelm the world.

Pruppies are prepared in case everything, everywhere, or at least everything relating to their income and savings fails and the fabric that surrounds their lives disintegrates into an unknown veil.

Yet a Pruppie’s preparation is not a sacrifice, but a joy as you will see.

Learn how you can become a Pruppie.

gary-scott-orange-grove

I’m no farmer but grow citrus so I’ll always have food to swap. Let me show you how to lock in your food supply.

EARLY ACCESS! We are changing more than the club’s name and you can be in the unique position as one of a select few who are charter members of our new Pruppie Club.

You’ll be the first to know about opportunities and trends all over the world in our bi-monthly report and monthly conference calls which are exclusively for members.

You’ll learn how to:

  • Create a sustainable income without a job or a pension – just in case you lose your job or there is a disruption in pension payments.
  • Learn how to make money working from home – wherever home might be.  A location independent business gives you the flexibility to move to a safer or more affordable location if necessary.
  • Turn your passion in to a profit.
  • How to create quick cash and lasting wealth when you don’t have any money to get started. This strategy can help you build a nest egg fast.
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  • Alternative water sources including rainwater collection – just in case the municipal supply is not available for extended periods of time.
  • Alternative Heating and Power. Solar, wood, wind, and hydropower.
  • Where the opportunities are now and the best way to profit from them.
  • Communication beyond internet – how to stay in touch if the internet or power goes down. Protect against government and businesses from snooping around what you wrote and say.
  • Learn about safe social media sites.
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  • International living to reduce costs and gain more freedoms

All this and much more will be EXCLUSIVELY available to you as one of the select charter members of our Pruppie Club.

The regular prices for the International Club was $497 per year, but during this time of crisis we are dropping member ship to $249 .

I invite you to join those few who will become healthier, wealthier and more fulfilled in the decade ahead.  Become a Pruppie, one of the core persons who will glide through the destruction and be able to help the world restore order.

Ecuador-beach-condos

I’m no builder nor carpenter, but was partly responsible for creating these condos on Ecuador’s coast (above) and in Ecuador’s Andes (below), a decade before this expat community boomedFind out the trick for spotting trends like this early.

Ecuador real estate for sale

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gary scott

I have no hatchery but learned how to raise trout like this, for fun, profit and a guaranteed protein supply.  Learn how to turn passions into protein.

THERE’S MORE…

BI-MONTHLY REPORTS. Exclusively for Pruppie Club members. Best practices to prosper, unique opportunities, and better ways to survive the economic collapse. The report will feature what other subscribers are doing too. We can all learn from each other.

MONTHLY CONFERENCE CALLS! I will talk about the latest news and trends to help you jump on opportunities. This will not be about the doom and gloom that surrounds you. These one-hour calls are your chance to ask questions and share ideas too. ONLY Pruppie members will have access to the replay of all conference calls.

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jackie

GET READY!

Enormous, economic, social, political and productivity change was already in the process.  The pandemic however has accelerated and accentuated the process. You still have time to join the few who are left standing from the 2020 disaster.

You still have time to become one who will prosper during the 2020 decade. You can be one of a small elite group who will be able to help restore a healthy world order. The world will be very different from what we have known for the past seventy years, but when looked at in a framework of longer history… it’s the same old tale.

The last couple of millennia are filled with stories of empires rising and falling.  There are basic conditions in each of these tales.

  • First the idea of debt loses its real meaning and rising to levels that are unsustainable.
  • Interest rates charged for debt fall to extremely low levels so the idea of investing for a known amount stops making sense.
  • Central monetary authorities replace innovation and increased productivity as activators of the economy.
  • Disparity of wealth widens dramatically and the spread increases.
  • There is so much divisiveness in politics within countries that social and political conflicts spiral.

We’re seeing these changes rapidly happening now!

Fwd: gary-scott-tipis

I learned how to turn land into income producing property cheap and cashed in on the glamping craze a decade before the word was invented.  I want to share this trick with you.

Social and economic deterioration restricts safety, lifestyle, well-being and peace of mind. Social and economic shifts of this nature reduce the purchasing power of income.

Inflation, for example puts pensions and savings at risk. 

Growing deception allows manipulation of medical care, finances, the value of homes, how cars are bought, the price of gas, the education and raising of children, the food we buy and eat, the shows watched and the ways we work and play.

A very large and growing part of the public throughout the Western world no longer believes in the integrity of local or national government, law enforcement, health care, banking, pensions, legal systems, educational processes, media or church, just to name a few.

However, mistrust of anything authorities say has become so deeply rooted that even health assurances as serious as the pandemic have not been believed.

I invite you to join Merri and me in expecting the world to get better… to live and earn based on that expectation but…  to also prepare for bad times as well as good.  Just in case… the world goes sideways… we will still survive and prosper.

We do not give up anything much.  We can enjoy the good parts of the new economy, as we protect ourselves from what can be bad.

Let me be clear.  I expect that the world will get better, at least for the few who adapt and avoid the dangers that the changes from the COVID pandemic will bring.

The wealth of the world, albeit with inequality, will continue to grow.  This collapse of the global economy will bring an incredible new opportunity for those who know what to do.  These profit making avenues offer enormous income potential and even work well in disaster scenarios. Join the Pruppie Club so you can wake up every day knowing that you are prepared and in charge of your destiny.

gary scott

I’m no doctor but have learned how to avoid and survive the excessively expensive western health system and its hidden agendas.  See a simple $19.95 trick  used when the COVID-`19 symptoms appeared.

JOIN the PRUPPIE CLUB HERE.  $249  and $99 a year automatic renewal, but you can cancel at any time.

(1) www.wsj.com/articles/elon-musks-satellite-internet-project-is-too-risky-rivals-say-11618827368?tesla=y&mod=article_inline

(2) www.wsj.com/articles/tesla-crash-believed-to-be-driverless-draws-investigation-11618846757?tesla=y&mod=article_inline

(3) www.cnn.com/2020/12/22/business/ray-dalio-inequality-conflict/index.html

(4) www.thebalance.com/racial-wealth-gap-in-united-states-4169678

(5) www.businessinsider.com/millionaire-wealth-gap-among-inequality-rich-poor-2021-4

(6) en.wikipedia.org/wiki/List_of_countries_by_wealth_inequality#/media/File:Gini_Coefficient_of_Wealth_Inequality_source.png