Menu
Cart 0

John T. Reed’s news blog

The REAL asymmetrical warfare

Posted by John Reed on

Terrorists are thinking more like my Unelected President “Mike Medlock” with regard to military tactics. They use stolen or rented or their own vehicles to smash into crowds of people. They use knives to kill them when they do not have a vehicle. Why go through the hassles of trying to smuggle explosives and automatic weapons? You get about the same publicity from today” London murder stunt as if there was an AK-47 or a block of C-4. And publicity is the goal.President Medlock asks his military “why go to all the trouble of dropping a bomb on a gasoline...

Read more →

Are robots going to eliminate humans from the labor force?

Posted by John Reed on

Robots do not pay taxes. And all jobs is a gross exaggeration. Robots need to be made, delivered, installed, maintained and replaced. They are generally more productive than humans but not able to exist without some humans. Even unmanned satellites require many humans on the ground to create and sustain them.In Japan, they are now big on self-driving construction and farming machines and tractors, because of their labor shortage. The competition comes from abroad if not from within the US. There is no place to hide from competition. There is more automation now than ever in history and millions of...

Read more →

Stop feeling bad about what the white men did to the Indians

Posted by John Reed on

Here is one of the most-commented-about articles I ever wrote. I wrote it on Thanksgiving. I lost it. I mentioned it to my son Mike and he immediately found it on someone else’s Facebook. It had 109 comments on the other guy’s Facebook wall. It has become fashionable and politically correct for whites to beat themselves up for having stolen the land of Native Americans when we arrived in the Western hemisphere. In ultra liberal places like Berkeley, CA—they call Columbus Day Indigenous Peoples Day and we are supposed to feel bad on Thanksgiving because the Indians were so nice...

Read more →

Trump’s looming trade war

Posted by John Reed on

Page A12 of today’s East Bay Times has a very ominous headline: “No protectionism pledge dropped by economic powers.” The key event was a change in the wording in a statement issued by the G-20 finance ministers at their annual meeting.   Last year it pledged to “resist all forms of protectionism.” This year they dropped that statement and vaguely allude to “working to strengthen the contribution of trade to their economies.” Too similar to the run-up to the Great Depression The stage for the Great Depression was set by easy money margin loans that caused an irrational exuberance boom...

Read more →

Kicking the can down the road again. Are you prepared for the consequences?

Posted by John Reed on

Brett Bair is doing a series on the government again kicking the can down the road. In that regard, Trump, uncharacterstically, is ignoring his campaign promises like the usual politicians and acting just like Obama did in recent years.A reader here recently asked why I could possibly thing the most economically powerful country in the world—the U.S.—could possibly need to worry about hyperinflation. One phrase: kick the can down the road.That road is a dead end.One of the big lessons I learned at Harvard Business School is size does not matter. Only ratios do. We have the largest national GDP...

Read more →