Senior Managing Editor of The Freeport Society
With each passing year, our collective embarrassment should grow…
Our world looks nothing like the 1989 move Back to the Future Part II.
We should all be flying around in cars by now!
Still, we are speeding closer to that reality as we enter the Age of Autonomous Vehicles.
I know what you’re thinking: “Hell to the no! I’m not getting in a driverless car and letting a computer ferry me around. Too dangerous!”
It was my first thought, too…
But the National Highway Traffic Safety Administration figures show that human driver error causes 94% of accidents.
Source: FrontierGroup.org
There’s good reason for that. Humans get tired and distracted. Computers don’t.
AV technology – which includes artificial intelligence, LiDAR, radar, cameras, and ultrasonic and infrared sensors – is downright futuristic.
And the redundancy systems have redundancy systems. It would take an act of God for an AV to suffer a catastrophic failure.
And all this futuristic tech is on our roads – right now.
To prove it, tomorrow we’re sharing a video from colleague and renowned tech investor Luke Lango. He recorded it on his iPhone. It’s a late-night trip home from the airport in a Google-made AV.
So, make sure to look out for that in your inbox tomorrow.
And if you haven’t already, make sure to sign up for Luke’s autonomous vehicle strategy session.
It’s free to attend. And it kicks off Monday, October 7, at 10 am Eastern.
Come prepared to discover how close the technology really is to mass adoption (you’ll be surprised)… why Elon Musk is about mainstream this technology… and which stocks have the greatest upside still ahead.
If you’re interested in profiting from one of the most exciting tech trends in the world right now, you’ll want to hear what Luke has to say.
He has history of uncovering some of the world’s fastest growing stocks before they took off – including Advanced Micro Devices (1,000%-plus returns), Shopify (1,000%-plus returns), Tesla (1,000%-plus returns), electric carmaker NIO (1,000%-plus returns), and education technology company Chegg (2,000% returns).
Here’s that link again to reserve your spot.
No, let’s look back at this week…
China Just Relaunched FOMO
When China goes big, it goes big. To jumpstart its economy, the People’s Bank of China (PBOC) cut interest rates and lowered reserve requirements for banks. It also mandated that mortgage interest rates be lowered across the board, including existing ones. That’s not all… and Charles is here to explain what it all means. Click here to continue reading.
Robots Don’t Go on Strike
A hefty 47,000 dock workers are striking to halt technological progress. That means 36 ports across the East Coast of the United States – responsible for about half of all seaborn trading volume – were closed for several days, throwing a major wrench in the economy and the Fed’s efforts to contain inflation. In Wednesday’s Navigator, Charles explains what to actually do about it. Continue reading here.
Automate or Die
By MIT economics professor Dr. Daron Acemoglu’s calculation, artificial intelligence will take over 5% of jobs in America. He also claims that won’t give us an economic revolution. Except, he’s downright wrong. In Friday’s issue, Charles lays out exactly why. To learn more, click here.
Looking Ahead
In the spirit of Charles’ Freeport Navigator from Wednesday, all this tech talk reminds me: Robots Don’t Go on Strike
With automation right in front of our faces, we’re looking at a future where machines are steadily replacing human workers. There’s an upside… no more worries about strikes, which can really put a dent in everything from production to the market. Also, no more worries about navigating complex protection laws. This shift comes close to California Governor Gavin Newsom’s signing of the $20 minimum wage bill in the state.
Charles had an eye-opening experience in Peru, his second home, that shows how this trend is spreading. He tells us…
When I first moved to Peru, my in-laws would honk their horn when they arrived at their ranch and a worker would run to open the gate. Even in Peru that’s done. They bought an automated door about two years ago.
And for the first time in my life, I pumped my own gas in Peru.
Labor costs have finally reached a point where automation makes sense, even in unexpected places.
Continued automation is a certainty. It’s up to you whether you want to join in on the rewarding ride.
To tune in to Luke Lango’s special broadcast – taking place this coming Monday at 10 a.m. Eastern – where he’ll give insights into the opportunities brought by the emergence of autonomous driving, click here to reserve your seat.
To life, liberty, and the pursuit of wealth.