Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
STABLE COINS PONZI Crypto SCAM WARNING! Iron Titan CRASH to ZERO! Exit USDT While You Can! - 18th Jun 21
FOMC Surprise Takeaways - 18th Jun 21
Youtube Upload Stuck at 0% QUICK FIXES Solutions Tutorial - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations Video - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction - 17th Jun 21
Stocks, Gold, Silver Markets Inflation Tipping Point - 17th Jun 21
Letting Yourself Relax with Activities That You Might Not Have Considered - 17th Jun 21
The Federal Reserve and Inflation - 16th Jun 21
Inflation Soars 5%! Will Gold Skyrocket? - 16th Jun 21
Stock Market Sentiment Speaks: Inflation Is For Fools - 16th Jun 21
Four News Events That Could Drive Gold Bullion Demand - 16th Jun 21
5 ways that crypto is changing the face of online casinos - 16th Jun 21
Transitory Inflation Debate - 15th Jun 21
USDX: The Cleanest Shirt Among the Dirty Laundry - 15th Jun 21
Inflation and Stock Market SPX Record Highs. PPI, FOMC Meeting in Focus - 15th Jun 21
Stock Market SPX 4310 Right Around the Corner! - 15th Jun 21
AI Stocks Strength vs Weakness - Why Selling Google or Facebook is a Big Mistake! - 14th Jun 21
The Bitcoin Crime Wave Hits - 14th Jun 21
Gold Time for Consolidation and Lower Volatility - 14th Jun 21
More Banks & Investors Are NOT Believing Fed Propaganda - 14th Jun 21
Market Inflation Bets – Squaring or Not - 14th Jun 21
Is Gold Really an Inflation Hedge? - 14th Jun 21
The FED Holds the Market. How Long Will It Last? - 14th Jun 21
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Are You Ready for The Greatest Technology Revolution Yet?

Companies / Internet Aug 17, 2014 - 04:42 PM GMT

By: Investment_U


Alexander Green writes: A Wall Street Journal/NBC News poll out this month shows that American optimism is at an all-time low.

When asked if "life for our children's generation will be better than it has been for us," only 21% of respondents said yes. That was the lowest ever recorded.

Apparently, 79% of Americans see the world through a dark prism, one delivered 24/7 by a bleak and pessimistic national media whose unofficial motto is "If it bleeds, it leads."

Sure, when I look at the soft economic recovery, political dysfunction in Washington, and the violence in the Middle East - not to mention Justin Bieber atop the pop music charts - it's more than a little depressing.

But let's exercise a little perspective here...

Before 1800, economic growth was imperceptible. Most people enjoyed the standard of living of present-day Bangladesh. Men and women (and their children) labored hard to earn a subsistence living. A failed harvest could kill millions. Half of all babies died before age 5. Those who made it to adulthood were generally illiterate and usually didn't live beyond their 40s.

A Different World

Two things changed that: technology and the free market system. They continue to revolutionize our world today.

Take what is happening with materials. Nanotechnology is allowing us to develop new ceramics, resins and solids that deliver revolutionary properties in elasticity, hardness and resilience.

Graphene, for example, is a sheet of thin carbon whose molecules can be arranged to make it either the strongest or the most flexible material on Earth. It conducts heat and electricity better than any material ever discovered and will soon replace silicon in transistors, solar cells and other applications.

Another enormous plus for the global economy is "The Cheap Smartphone Revolution." According to Strategy Analytics, 285 million smartphones were shipped in the first quarter of 2014. (More than a billion will ship this year.)

We are now entering the post-iPhone era. Driven by popular mobile apps like Twitter, Snapchat, Instagram and Uber, the new smartphones are faster, smaller (or bigger, if you prefer) more powerful... and cheaper.

Billions of New "Netizens"

Right now only a third of the world's population is connected to the Internet. But Internet adoption is growing at 9% a year. Billions more - especially in the developing world - will soon join us.

I mentioned this to a friend and he scoffed.

"Twenty percent of the world's population earns two dollars a day. How the hell are they going to buy a smartphone?"

Here's how...

Mozilla, the company behind the popular Firefox browser and operating system, recently signed a partnership with Chinese fabless chipmaker Spreadtrum to make the world's cheapest smartphone.

It will offer a 3.5-inch touchscreen with a resolution of 320x480 pixels, integrated Wi-Fi, Bluetooth, FM radio, camera, the Firefox OS and browser, and, of course, traditional cell service.

The cost of this smartphone? Twenty-five bucks. Someone who makes two dollars a day will be able to buy one with less than two weeks' wages.

Consider the Possibilities

These dirt-cheap smartphones - productivity platforms for wealth creation - will have extraordinary implications for the global economy.

The tech giants are already moving to cash in. Google has launched Project Loon to bring the Internet to rural and developing areas through high-altitude balloons. And it is teaming up with Facebook to invest in drones to circle around and provide mobile connectivity.

This huge increase in connectivity is a game changer. Just listen to Facebook CEO Mark Zuckerberg, writing in The Wall Street Journal recently:

There have been moments in history where the invention of new technology has completely rewired the way our society lives and works. The printing press, radio, television, mobile phones and the Internet are among these. In the coming decades, we will see the greatest revolution yet, as billions of people connect to the Internet for the first time.

Internet access allows anyone to participate in the global economy. People everywhere will use online tools to gather information, act on opportunities, form businesses and create jobs.

A recent study by Deloitte found that expanding Internet access in developing countries will create 140 million jobs and lift 160 million people out of poverty. (Now that's an anti-poverty program.) And these new adopters will benefit us too as they share, create and invent new products and services that we'll use.

These breakthroughs are not "on the horizon." They are here. Now.

Most investors don't realize these things. Those who do are often too fearful to act.

Apparently, they're too busy listening to cable news and bemoaning their children's prospects.

Perhaps they haven't considered that human life spans have never been longer. Living standards have never been higher. The rate of violent crime has never been lower. And national household net worth - at more than $80 trillion - has never been greater.

Indeed, Americans today report being far less optimistic about the future than in 1942, when we were in the fight of our lives against Hitler, Mussolini and Hirohito.

Perhaps the essayist Randall Jarrell put it best: "People who live in a Golden Age usually go around complaining about how yellow everything looks."

Good investing,



Copyright © 1999 - 2014 by The Oxford Club, L.L.C All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Investment U, Attn: Member Services , 105 West Monument Street, Baltimore, MD 21201 Email:

Disclaimer: Investment U Disclaimer: Nothing published by Investment U should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Investment U should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Investment U Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in