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GoldSeek Radio Nugget: Professor Laurence Kotlikoff and Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Friday, 15 June 2018 | Print  | Disqus 

Highlights

  • Professor Laurence Kotlikoff, author of the FREE book: You're Hired! says gold and silver investors could emerge victorious.
  • What could drive PMs prices higher? Our trading "partners" are already starting to make it clear that they don't need us.
  • Tensions between the US and key nations continues to ratchet up on the heels of Group of Seven nations talks in Canada this past weekend.
  • The trade feud between Washington and Canada, Mexico, Europe, and China is intensifying.
  • French President Emmanuel Macron proposed the US is wrecking global diplomatic relations, calling for the US to be removed from the G-7 group. According to Labor Department report, US jobless claims fell slightly this month, with the number of layoffs in the U.S. close to a 50-year low.
  • Initial weekly jobless claims dropped 1,000 to 222,000 for the week ended June 2.
  • The number of Americans filing for unemployment benefits unexpectedly declined indicating tighter labor conditions.
  • The unemployment rate remains at a 18-year low of 3.8 percent. The discussion swerves to the new technological revolution in AI / robots.
  • The sea change could displace more jobs than can be replaced over the coming years, leading to a global unemployment epidemic without viable solutions.
  • For instance, new versions of IBM's Deep Blue AI, are displacing formerly insulated, high skill jobs deemed impervious to automation, just a few years prior (figure 1.1.).
Economist Professor Laurence Kotlikoff, author of the FREE book: You're Hired! says gold and silver investors could emerge victorious compared to most asset classes, including US shares. What could drive PMs prices higher? Our trading "partners" are already starting to make it clear that they don't need us as tensions between the US and key nations continues to ratchet up on the heels of Group of Seven nations talks in Canada this past weekend. The trade feud between Washington and Canada, Mexico, Europe, and China is intensifying with French President Emmanuel Macron proposing that the US is wrecking global diplomatic relations, calling for the world's largest economy to be removed from the G-7 group. Meanwhile, according to Labor Department report, US jobless claims fell slightly this month, with the number of layoffs in the U.S. close to a 50-year low. Initial weekly jobless claims dropped 1,000 to 222,000 for the week ended June 2. In addition, the number of Americans filing for unemployment benefits unexpectedly declined indicating tighter labor conditions. The unemployment rate remains at a 18-year low of 3.8 percent. The discussion swerves to the new technological revolution in AI / robots that could displace more jobs than can be replaced over the coming years, leading to a global unemployment epidemic without viable solutions. For instance, new versions of IBM's Deep Blue AI, are displacing formerly insulated, high skill jobs deemed impervious to automation, just a few years prior (figure 1.1.).

Figure 1.1. Japanese insurance company Replaces 34 workers with AI

Note. Video provided courtesy of Youtube.com.

 


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 -- Published: Friday, 15 June 2018 | E-Mail  | Print  | Source: GoldSeek.com

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