Observable trends are shifting the American Economy from solid to artificial foundations. You will read here what illustrates this point, how this is being done, and why. What is happening is a shift from innovations that solve real problems and lead to real advancement, to intellectual experimentation intended to impress but have superficial and artificial benefits to our lives. In other words, there is a shift from solving practical or hard problems that better mankind, to wasting resources on problems that do not exist to lead us nowhere useful. Simultaneously, there is a shift from creating real value to promoting imaginary and contrived value. Dark forces hope in this way to remake America as they appoint themselves its new rulers.
Companies are being forced as this happens to abandon industries that they pioneered. GE gave up the appliance business. The significance should not be underestimated since it indicates a trend that undermines the American economy and America’s leadership in the world. This is as important as IBM finally giving up the PC business. Something is definitely different with America if GE can no longer make appliances and IBM can no longer make personal computers. You could also look at companies who were leaders but are now no longer relevant (Kodak, Polaroid, Sears), or no longer exist (Lucent).
The same forces are coercing pillars of the American economy to change focus from their core business into new directions. GE went into financial services. This was proven to be a mistake since the 2008 crisis. As the company attempts to emerge from that it is is being railroaded to put its might behind the imaginary industry called ‘internet of things’, also known as ‘industrial internet’. The rationale is that GE can afford to bankroll an imaginary industry to give it legitimacy for others to get in on the hype and make their wealth. What problems does the industrial internet solve with its goal of giving us connected buildings? This is a clear departure from what GE hoped to solve with turbines and aircraft engines.
Similarly, IBM is bankrolling experimentation with artificial intelligence, known also by the names cognitive computing and machine learning. IBM’s Watson can create movie trailers with some human intervention, it can play games, bring you better coverage of sports events. All of this artificial intelligence is promising to impress the world once it learns from all the data gathered with internet of things and with wearable devices. It even powers driverless cars and companies like Ford are getting into the field. But it seems kind of slow learning to interact with human language and behavior. Is the real goal for AI to better mankind? Or is it to have computer brains ready to take over when IQ leaves the world for good? The rulers of the world are driving IQ downward with their chains, their dominations, their grand ambitions, and their defiance of God concerning darkness and evil.
Much of the high-tech world was taken up into the ‘cloud’. Market forces brought all the major companies in that direction: Microsoft, IBM, Oracle… The idea was for businesses and consumers to use a computer ‘somewhere’ from the internet instead of their own. The concept existed back when it was called software-as-a-service (SAAS) or platform-as-a-service (PAAS), a new name was added for infrastructure-as-a-service (IAAS). The speed with which the name cloud caught on, the willingness of the industry to pretend there was a great innovation in all that were very revealing! Who really benefits from the cloud? Is the world that much better off for it?
Should businesses and consumers entrust to a third-party that much of their data and processes? A look beneath the surface might show that the proponents gained the most.
Social networks are now a well established foundation of the high-tech and advertising worlds. They replaced portals as the venue of choice on the internet. Were they meant to keep us informed? They seem to pre-select what information reaches us with commenting, voting, and trending. Were they meant to keep us connected? They significantly reduce for us the size of the worldwide web and help us create a number of tightly chained small groups within it. They seem designed primarily for these chains instead of building relationships and sharing information useful to educate or enrich minds. Where are the features to build a family album from pictures shared on these networks? How about features to share articles where you could actually read them in their entirety instead of just the title? You would also want to highlight interesting paragraphs in these articles and comment them. Where are the features to share driving directions, recipes, stories? The answers to the questions prove that the goal was not to be social but to be chained. In spite of the absence of real value, social networks are gaining in dominance in the American economy. You might have heard that Microsoft acquired Linkedin. Microsoft usually has credible arguments to justify its acquisitions. But with Linkedin the company might have been ‘played’.
Verizon is another company that bankrolled an exit strategy. Just when the powers that be are ensuring that internet portals do no regain ground over social networks, Verizon buys AOL then Yahoo. It is somewhat pathetic if Verizon looks at this as a strategy to remain relevant and competitive given its background in innovation and its origins as a Bell Labs company.
How do the dark forces of America coerce major corporations to lead them where they want? The same way they do individuals. They use their powerbase to intimidate and scare and to affect ‘destiny’. They use different tactics to change company portfolios through acquisitions. Through the media they could directly influence the market. Through stock analysts they directly affect financials. Read these headlines and understand the goals behind them:
“IBM Is Absolutely Down For The Count”, Aug 18, 2016. http://seekingalpha.com/article/4000710-ibm-absolutely-count:
Despite a slew of recent pro-IBM articles the company is doomed.
Earnings are being cast in a manner that looks like a turnaround but actually isn’t.
The company plans further drastic downsizing from which it is unlikely to recover.
My points here are simple. As I explained in some detail in my post IBM: 1Q’16 Financials Are Misleading, IBM has lately been telling an earnings story apparently intended to misguide Wall Street. The plot of this story is simple: Cognitive Computing (especially Cloud) is up-up-up while Mainframes and associated businesses are fading fast so it is important for IBM to transform itself into a Cognitive Computing company. But the truth is that Cognitive Computing (more on that in a later paragraph) isn’t growing much if at all and is actually losing lots of money. But this is obscured in the earnings reports by revenue taken mainly from Systems (Mainframes) and reported as Cognitive when there is nothing – NOTHING – Cognitive about that business. This is IBM’s transition story and it is blatantly wrong, but because it takes a little effort to figure that out from the earnings reports, most readers don’t understand that.
“Internet of Things Spending Forecast to Reach Nearly $1.3 Trillion in 2019 Led by Widespread Initiatives and Outlays Across Asia/Pacific” , Dec 10, 2015. https://m.idc.com//pressRelease/prUS40782915:
From a vertical industry perspective, Manufacturing and Transportation led the way in worldwide IoT spending with 2015 totals of $165.6 billion and $78.7 billion, respectively. Over the next five years, the industries forecast to have the fastest IoT spending growth will be Insurance (31.8% CAGR), Healthcare, and Consumer. The fast expanding Consumer IoT market will be the third largest IoT spending category by the end of the forecast period.
“Manufacturing and Transportation are both a good fit for IoT deployments,” said Vernon Turner, Senior Vice President and IoT Research Fellow. “Both industries have been connecting their supply chains, products, customers, and even workers for some time now, and really embrace the value of business outcomes.”
Because the Internet of Things – a network of uniquely identifiable, autonomously communicating endpoints (or “things”) – is being applied in so many different ways across industries, it’s not surprising that the fastest growing use cases vary from region to region.
“US industrial manufacturer GE reinventing itself with a digital start-up culture”, Aug 31, 2016. http://www.afr.com/opinion/columnists/us-industrial-manufacturer-ge-reinventing-itself-with-a-digital-startup-culture-20160830-gr503u#ixzz4LaOeIXGc:
The result is that GE is effectively attempting to create its own computer operating system for the data connections and collections of the industrial internet age – as opposed to those of the consumer internet age most visible in the ubiquity of the smartphone.
Karan Bhatia, GE’s head of global government affairs, says that connecting the digital world with the industrial world is the next big break though and potentially the solution to the “productivity trap” affecting growth in advanced economies.
So GE has set up its own software centre near San Francisco in California to be closer to the talent and thinking of a Silicon Valley venture developing new software. It is working on the development of a cloud-based operating system called “Predix” for industrial applications. The New York Times described it as a sort of “medicine for machines” but given billions of “things” that could be connected via sensors, software and artificial intelligence, its potential is far more than that. And GE already makes a lot of this equipment.
“General Electric Is In The Midst Of A Transformation”, Aug 30, 2016. http://seekingalpha.com/article/4003121-general-electric-midst-transformation:
General Electric has faced tough economic conditions as of late.Last quarter’s results were extremely strong but don’t tell the whole picture.The company is currently being overvalued but not by a huge degree.Several future initiatives could prove beneficial if executed correctly.
As a massive multinational conglomerate over a century old, General Electric (NYSE:GE) is in the midst of transforming the company into a 21st-century business. By divesting its financial services business and expanding its technological offerings, the company has begun taking steps towards this goal. The eventual target is for GE to become a highly focused industrial company.
…the internet of things for industry also known as the industrial internet. This industry involves big-data analytics, internet-connected sensors and other areas that improve the efficiency of an industrial asset.
Within the company, the industrial internet initiative has already proven effective. GE has implemented some of the technology in its current factories with stellar results. As a case study, one of their South Carolina factories increased their productivity by 25% over a three-month period, after the implementation of the upgrades.
“Oracle whiffs on Q1 earnings”, Sep 15, 2016. http://www.businessinsider.com/oracle-whiffs-on-q1-earnings-2016-9:
Oracle just reported its Q1, 2017 earnings and the news isn’t great.
Q1 EPS $0.55 vs estimates of $0.58, a miss.
It also reported revenues of $8.6 billion vs expectations of $8.7 billion, also a miss.
Stock is just a tad down in after-hours trading.
The bigger news is how well Oracle is doing with its cloud sales. That’s been the company’s major focus. It has said it wants to hit $10 billion in sales before Salesforce does. That’s a tall order. Salesforce is on track to do $8.3 billion in revenue at the end of this fiscal year.
Meanwhile, Oracle reported cloud revenues up 79%. That’s healthy growth, but doesn’t put Oracle on track to hit $10 billion before Salesforce. The company says it expects to do $2 billion this year in software as a service and platform as a service cloud revenues. It also has a new cloud that competes with Amazon’s Web Services, but its the smallest of Oracle’s cloud businesses.
The dark forces of the world are looking to remake America to create a different society than the one Americans built. From now on they want America to bear their mark so to speak. Bringing real innovations that improved life in the world is something that Americans did that was too Christian. With the new god in town America must stop leading innovation in the world and must instead put all of its mind-power and efforts to produce imaginary value while pretending to lead with IQ. Limiting the usefulness of what is produced under them seems an important goal of the new rulers of America. We have watched them reward that mentality with the success of companies that do this well. Compare the valuations of companies that solve real problems or put a lot of hard work into every dollar they earn to the worth of those that do not. The new rulers want to make evil and lies seem more profitable than good and truth. We are watching these rulers undermine the values of companies that prefer to prosper the old fashioned way, i.e. with hard work that earns them an honest dollar. They force these companies to get with the new program just like they do with individuals.
|Company||Core Business(es)||Areas Added for Submission|
|GE||aircraft engines, wind turbines, energy, lighting, healthcare||internet of things|
|Microsoft||computer hardware, enterprise and consumer software, consumer electronics||cloud, artificial intelligence, social networks|
|Oracle||enterprise software, enterprise database||cloud|
|Verizon||telecommunications||media, internet portals|
|Ford||auto manufacturing||artificial intelligence|
For as long as they can the new rulers will reward those who do things their way. But their way leads nowhere good. Companies cannot continue to prosper with fake contrived industries that solve problems that do not exist and provide imaginary value. The American economy will no do well forever if it runs on voodoo: now businesses and people buy because they are told to do so. Businesses will not keep profitable if they continue to buy what brings little value to them. Advertising, for example, is something that businesses now buy simply to feed the system, without measuring the return on investment. If companies make all of their purchasing decisions for the same rationale this will catch up with them.
You have seen how the dark forces of the world are remaking the American economy. You read about some of the tactics they use for this. You also found out their motives. Some of them are pure foolishness; others are simple greed. But while they are at it, they want to put their mark on the world. This might not be only to impress us or to gratify themselves. This might be to prove to God that they are still working at appropriating what belongs to Him and that they do it on a grander scale than ever. As we watch them bring to life their grand ambitions, let us be very aware of what is happening to America. In our own way let us do our best to help America return to more solid foundations.