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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Sunday, May 26, 2013

3d Printing on paper

As an example of how innovative 3d printing is, I ran across video showing 3d printing using paper instead of plastic.  As 3d printers refine in a variety of materials, interesting cost effective printers will emerge as a popular choice.  I suspect the price right now is out of reach of typical consumers.

There are a variety of 3d printer twists you can read up on at this article from Gizmodo titled Nine incredible objects that prove 3d printers are total worth it.
The video below the image shows how 3d paper printer works.

Saturday, May 18, 2013

Virtual Currencies reach US Government Attention

Bitcoin's primary exchange, Mt. Mox, has been shutdown.   I am giving the benefit of the doubt to the US government, and that Mt. Mox has issues with corruption, violating international laws and accounting issues in it's financial reporting.  And for any critics reading saying the US government has corruption issues, the point is invalid.  The new currency system MUST be held to the highest possible standard and survive.

There are likely millions of organizations globally that have all sorts of black market and money laundering schemes.  The timing of taking down Mt. Mox with the currency recent sharp valuation rally  is not a coincidence, and is viewed as something to defend against.

To me, what Bitcoin has achieved is a historical milestone on the road to a new financial system model.  The Bitcoin system being used for years by a very small minority, now has achieved with validation that Bitcoin is a threat.   And a new currency system must survive the worst global assualt possible and survive to be considered 'good enough' for the world to trust.

I have written about bitcoins in the past, I do not believe it is a good currency replacement.  It is subject to shortages, and therefore prone to deflation.  I'll take inflation over deflation, and therefore I find deflation much more damaging.

In this article from rt.com 'Bitcoin Threatens economic monopoly, bolsters free speech' I think does a very good job of capturing the true power that a new financial model will set the world free, from a debt based society to a free one.

What I have not yet seen is an indepth critique of many core flaws in the bitcoin model I see, how those core flaws cannot be overcome and doom the currency to failure.

What do you think? Below is the techie in me experimenting with a service called Branch, to facilitate discussion via twitter.   I doubt I'll get any reader (if there is any left!) posting on this, but feel free to do so.  If I do get even a tiny amount of responses, I'll be encouraged to make it a staple on this blog.

Click on the red odd icon at the top to get started.

Tuesday, May 14, 2013

More progress on alternate currency

Lets be clear, I can't see an alternate currency to be viable until the USD is in trouble, something that I have written I believe won't happen until 2015-2017, probably 2017.

I have written what is needed is a financial system overhaul that has hit most industries by technology advancements.  Bitcoin is an initial attempt at this, and Amazon has put its toe in the water.

Now we have Google Ventures backing OpenCoin, the firm behind Ripple.  OpenCoin is meant to be a transparent exchange for things like BitCoin or Ripple.

Transparent is good, it is a key tennant in my view of a new currency.

The level of investment is 5 to 15 million for different aspects of the new virtual currency.  I call this as a groundbreaking event making this topic legitimate.

Tuesday, May 7, 2013

I am back! So are manufacturing jobs

I have been on a project that easily took 70+ hours per week to work on for the last several months.
The project is over, and I hope to ramp down my hours in the weeks ahead  back to 40 hours.

That opens up time to post!  I have much to say, from being quiet for so long. :)

Today I ran across an article that makes the argument that US manufacturing losing ground to China has hit bottom.  I agree.   Some of it is because of natural resource costs, a prime theme of this blog.  As resource costs increase, producing products locally may net save money due to logistic costs.

Another is China and India's rising wages, yet another theme on this blog.  I agree that China and India will net become 'richer' for the common person relative to the west, as I pointed out in The Big Picture.  This is the backdrop on why resources are rising.

One aspect the article mentions is innovation, USA has some advantages.  It doesn't mention specifically the maker revolution.  I covered this in Manufacturing Revolution Revisited , also on this blog.  I believe that is part of the story.

Good read, in a flurry of depressing economic news I post, its good to post positive developments.

Is US Manufacturing making a comeback?