36 Comments
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rKf's avatar

This is not a criticism: I always enjoy my morning cup of pessimism for things about which I can do nothing. It’s perverse, but it does give me bits of sand around which I can secrete a poem or lamentation: it’s an alarm to remind me to fortify my personal bastion of common sense and to stand porter at the door of my thoughts. It stirs the waters of those thoughts, hopefully inducing some clarity - hope being the operative word.

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Egypt Solomon's avatar

The internet full of lies, kitten videos, and garbage? So now we blame AI for people being a bunch of thumb-sucking attention-deficient buffoons. Nah, gimme a break, that’s like blaming the typewriter because your uncle wrote a manifesto about squirrels taking over the Vatican. Newsflash: AI doesn’t make people stupid, it just shines a light on how spectacularly stupid they already are! lol, you think Skynet’s gonna enslave humanity? Humanity’s already enslaved , to TikTok trends, 24-hour news cycles, and gluten-free outrage!

Schmucks complaining about AI are the ones who stood in line for six hours to buy a phone that lets them take high-def pictures of their salads. “Oh no, now they can fake videos of wars and politicians!” Man, if you’ve just now started questioning the reality of what you’re watching on TV, I’ve got a bridge in the metaverse I’d love to sell you. This ain’t new. Governments have been running disinformation since before Kennedy was humping a beanbag chair in college. Now it’s just faster and has better graphics.

It’s easier to blame the big spooky algorithm than to admit you don’t read past the headlines. AI ain’t the threat. It’s the same old monkey brains plugged into a digital jungle. And just like before, the monkeys are flinging sh*t, but they’re just doing it on Wi-Fi now. 🤩💩🤩

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Russ's avatar

Maybe this daily posting is really a bot.

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Steve L's avatar

It is starting to get that AI feel to it🤔

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Brien's avatar

I concluded a long time ago that if you want to be rich you have to take the money you are willing to lose and invest it irrationally. I was never able to do it, hence am not rich.

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Angry Icebergs's avatar

funny ...good humor always has a hint of truth... thank you.

You may be "richer" than you think!

"Rich" isn't measured by how much money you have.

Wealth is...

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pete's avatar

"You may be richer than you think."

Funny you should bring that up its the Scotia Bank slogan.

And I agree, its not wealth.

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Richard Hess's avatar

For those of us who missed the absurd, insane, irrational rise in AI stocks, I appreciate this kind

well thought out article by Bill Bonner. I feel much better now.

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Xavier Narutowicz's avatar

I bought one Bitcoin and eight Ethereum, a 6k investment. I sold from the fear of Bankman Fried. Now, worth, 240k. Go figure. I just wanted portable pocket money if I traveled. Some say Bitcoin will be a million each.

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Paul Murray's avatar

Brother Xave: Elvis covered all of this in 1964 in "Viva Las Vegas".

"There's blackjack and poker and the roulette wheel; a fortune won or lost on every deal. All it takes is a stone heart and nerves of steel."

At age 12, I knew then I didn't have the stomach for the game. Best always. PM

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Angry Icebergs's avatar

...but have you missed?

It's not just AI.

Space, drones, quantum, REE's, robotics, semiconductors, nukes, defense... they're all rising.

Unlike the dot com which relied solely upon the advent of the internet.

These neo-tech achievements rely upon AI, however they are singularly unprecedented in their own sectors...

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Dave J's avatar

Bill is astounding at finding new and creative ways to "blame Jews". If nothing else, he's consistent.

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Xavier Narutowicz's avatar

“And the internet is a mess — filled with lies, distortions and time wasters. For every page of the periodic table, there are thousands of pages of fake news, claptrap science, and kitten videos.”

I read this today, only in the internet, useful truth.

https://open.substack.com/pub/mrchrisarnell/p/an-inconvenient-black-truth?r=qsd26&utm_medium=ios

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Angry Icebergs's avatar

...your Substack article is right to the point, here in California we have known this for over a decade...

Orange County used to be the conservative bastion of SoCal, where one could walk the streets alone at night.

The problem started with "low-income housing" and the perceived "housing crisis".

Today the O.C. can't build enough "city block long and city block wide" tenements to satisfy Sacramento's "destroy California" agenda.

Newsom is a man who burns his roof to feed his oven...

Media plays a huge role promoting this "gangsta" culture mentality.

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Paul Murray's avatar

You might say the problem started with something that doesn't exist in the real world: fairness. Best always. PM

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Angry Icebergs's avatar

...likely because "fairness" is a subjective concept, conceived in the minds of humans everywhere, evident nowhere in the universe....

Yet every human thinks they understand.

...and low IQ anthropoids believe they have the moral right to enforce.

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Dave J's avatar

As the famous line goes, "If you build it, they will come." The problem is the "they".

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Angry Icebergs's avatar

...too bad it doesn't work with jails.

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rjt's avatar

I would follow the article (which is paywalled for commentary) with an expanded observation outside the United States.

The Somali diaspora did not enhance the social environment when I lived in Ottawa.

Malcolm Gladwell in his book "The Tipping Point" details the per centage of "others" which converts a stable community to a ghetto, and our globalist-decreed immigration arrangements appear to be planned and intended to achieve that.

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Paul Murray's avatar

"The Somali diaspora did not enhance the social environment when I lived in Ottawa."

How could it? To think that it somehow should or could is ludicrous. So, with that out of the way, obviously it was part of somebody's or somebodies' agenda, and they had the power to implement the change. Amazing. Best always. PM

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StarboardEdge's avatar

Now we're getting closer to where the blame TRULY lies.....

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Fred's avatar

Mr. Narutowicz, thank you so much for linking this unbelievable article by Mr. Arnell. I have never, so far, read anything so deeply perceptive about this grossly misunderstood issue. I also love Dr. Sowell and consider him to be one of the greatest minds in existence today. I think many people totally agree with you but, as I, have never been able to so eloquently express it. Thanks again and I will now add Mr. Arnell to my library of great people.

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Michael Buhmiller's avatar

Yes, thank you, you said it very well and my experience with the Chatbot AI parallels yours: “In every case, you will get a fairly intelligent mush-mouth answer.“

When challenged with an intelligent argument the Chatbot may back away from its original middle of the road DEI stance (after several tacks) and start leaning toward the question. It has proven to be a “useful tool” for gathering and organizing information (if the info is available), yet in a debate it is more of a “useful fool”. Thank you Bill and Team.

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Bill's avatar

At least the bot replies to questions.

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Larry Peckham's avatar

Day in and day out, your pearls of wisdom sprinkled with anecdotes and some humor greet me each day; a pleasure to imbibe.

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JODCPA's avatar

Grab a cup of coffee....About 8 years ago an employee of mine, (an ex meth head, still burning weed multiple times per day, and embroiled in a social group of prostitutes, bastards, dealers, thieves, cons, ex-cons, and nearly every type of underworld figure except the mafia,) told me that his ex wife's bastard son was writing health articles for Google for $25 to $50 each. He never finished high school and could barely communicate on a 4th grade level. However, he typed away all day long using content he plagiarized off other websites. I wrote off the internet as generally reliable after confirming this. Now, it can be specifically reliable like the parts diagram for a 2006 Komatsu D41 dozer, but not an article posted by Google, or others.

I asked Chat yesterday some specifics about a Chevy engine to see if it could get it right. It didnt and in the end, I asked for it to admit it was wrong, which it gladly did.

I told a colleague 3 years ago that the problem with the internet now was there was information overload and an inability to sort the good intel from the bad. Thus, conservatively, rendering the "internet" useless. I would put it up there with CNN and Rachel Madow. I don't have to to fact check and filter. I just assume all of it is useless and go to reliable sources directly.

It does feel like 1999 in a futuristic way. Many young and intelligent people have gotten on board with Bitcoin and crypto along with the phantom future profits justfying current AI related enterprises' valuations. They just don't know. They were not of age to experience the euphoria of day trading companies like Red Hat and Netopia, using a computer for the first time to execute trades, bypassing legacy brokerage firms and for some, doing it on a dial up connection. I was there, and fortunately, not in the thick of it, just on the edge, dabbling a toe into it. Wanting to get rich using technology and my smarts. The only thing is, it didn't feel right. I was not investing. I was speculating. So, now, I understand these newbies. They have to get their skulls cracked for it to sink in. Meanwhile, they are arguing with the old timers about BS terms to justify Bitcoin legitimacy, words like adoption rate, scalability, open ledger, deregulated.....blah blah blah. They think they outsmarted the gubment on this. Gold is a tangible and ancient money, and it was effectively removed literally from the people hands of people for 40+/- years. The Gubment can do the same for some wispy ethereal, contrived notion called Bitcoin.

Nonetheless, AI replacement of meanial jobs, I do think is a real thing. I told someone10 years ago thst i suspect one day, a fast food joint would have 2 high quality employees, one, the manager, making $100,000+/yr, and the trainee making $50k/yr. They would monitor the automation of food prep. The number one driver towards this: Lack of relaible and motivated low skilled workers. The low end of society is rotten, for the most part. The government handouts and "inequality" drivel coupled with their low intelligence and massive drug use has rendered them bitter, unreliable, unethical, and pointed in the wrong direction. My grandfather was a painter at a paper mill after his WWII sniper bit, he made low wages until he retired in 1979. He lived in a 1200 SF house, he help start a church down the street, he mowed his lawn every week, he shaved, he dressed nice when he wasn't working. Ride by the house today. It looks like Somalia. They drive all over the yard, dont cut the grass, do not maintain the house. What is the difference you ask?

Let me generalize here, meaning more correct than incorrect, with a statement. There are no longer good, poor people in this country. The reward system elevates everyone who works hard, is reliable, works a full time job, AND doesn't throw their money away on stupid stuff......(remember the drugs, prostitutes, bastards, etc?) I do not know anyone who is "poor" that doesn't smoke something to the tune of $100's per week.

Let me see if I can bring this monologue back around. The internet is useless, bitcoin is a scam, AI is a real thing driven by people being unreliable in low skill jobs, democracy is at risk due to the rising number of unintelligent and the blind belief that every person's opinion matters...uh..there I go again, running down a different track. For fun, ask Chat about allnof these matters and let it tell you how you could think this way, but underserved people just need more help, like other people solving problems of their own making.

If you dare, post some replies of what Chat offers as solutions to any of the issues at hand, valuations, bitcoin mania, people....cheerio

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JODCPA's avatar

and please pardon the fat finger typos. doing this from a phone.

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Fred's avatar

Ditto, it would take me a week to type such a long "text". Glad you did though. Life is pretty simple. The house I grew up in, which we kept immaculately maintained, the yard mowed etc., today looks like the ghetto. But it's not a racial thing. Just culturally brain dead people. I read somewhere, maybe by one of the great posters here on BPR, that "Our values were shaped by the CULTURE, we grew up in. I'm 82 years old and I see that manifested every day by what is happening to our country. I would also suggest that everyone try to take the time to read the posted link to an article by Christopher Arnell, by Mr. Narutowicz.

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Paul Murray's avatar

My answer to Sir Winston: history may be kind to you, but FDR shafted you and all of us in the West by preferring and elevating at Yalta that Commie jerk, Joe Stalin. Best always. PM

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Abe Porter's avatar

Bill as always you provide 10-20 percent of valuable information and 80-90 percent of bullshit. The internet has always been a great venue to provide false information BUT it does provide some good information. The prudent thing to do is to touch the water lightly before jumping in with the whole body in case it’s too hot. Never put all your eggs in one basket. Diversify in case you get duped by one thing. In summation Bill, you are still 80-90 percent bullshit.

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Kevin Beck's avatar

One problem that complicated Cisco's woes was its many efforts at diworsification: They made stupid and useless acquisitions that cost the company plenty of money during those two decades, when they would have been better off just sending that money back to shareholders in the form of dividends. But that was an idea that was anathema to Big Tech at the time.

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Conic Tonic's avatar

The more things change, the more they stay the same.

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Paul Murray's avatar

Brother Xave: Mr. Deutschendorf was our troubadour, in the genuine sense, of our times. Too bad he didn't extend his projected morality into his private life. That may be too much to ask; I get that. Do as I say and not as I do. Nobody's perfect. Best always. PM

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Xavier Narutowicz's avatar

I always found beauty in the songs; got to come from beauty in the soul. He seemed to touch something higher than himself. I wish we all could have a “Rocky Mountain High.”

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Paul Murray's avatar

He was part of the American scene and spirit of his day, one might say even an integral part. I appreciated what he was offering and trying to do. As for Colorado, I don't think that's in the cards. Things change, don't they? I regret that JD just HAD to get in that experimental/custom plane. I've lost other friends that way. Flying is a jones, to use the term of Denver's day. Best always. PM

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