That’s how it’s all done, running on servers 24/7 making life impacting decisions about all of us. As a consumer you can’t see it, talk to the process, and so on. In addition to faith, which hopefully we all have, this is the reality and how this all came about. There’s been many efforts and again in the US our government doesn’t get this.
I do my best to help educate all and where the shortcomings are and how this was built. Even with Healthcare.Gov we heard President Obama say “I don’t write code and I can’t fix it” so I would say pay attention there as the same thing applies on Wall Street with financial fraud. They do it because they can and again no politician has really stepped forward to admit this is the core reason here. As a refresher listen to DOJ Lanny Breuer from the documentary “Too Big to Jail”..this is what we got from the Department of Justice to prosecute, not much. This is pretty bad.
If you want to learn more I try to do my part to educate and you can view more over at the “Algo Duping/Attack of the Killer Algorithms” page and see how this works. Sure politicians seem to be living in a bliss and run for the hills when technology and math are discussed. I really don’t know how much longer they can continue to dance around it and the news every day also dances around it and nobody gets to the core and we do read one story after another about injustice. Again, this is done with computer code and math models that runs on servers. How do you think credit card fees and service charges get applied? They are all algorithms that are programmed to run when another action executes.
I watch day in and day out with a lot of others who address this, good people like Bill Moyer, Michael Moore, Robert Reich and others do a great job with the awareness for the consumers, but that’s where it ends. Once the awareness is there, we keep going back to trying to fight the battle with old time methodologies when in fact there are programmers, quants, etc. at banks and financial firms who created this…all I can say is if you want to understand this process, visit the Algo Duping/Attack of the Killer Algorithm page if you want to step into reality of what’s happening.
There are extremely intelligent people out there that know what they are doing, look how you get addicted to using Facebook as another example. Crafty coders and data scientists know exactly how to hit your hot buttons and submerge you in a world of virtual values to distract you from the real world and confuse you. I did a blog post on “The Grays” and it pretty well sums it up. The Grays are when people are confused and can’t tell the difference anymore between virtual and real world values. Myself when I saw the “selfie” with Obama and Biden, it actually scared me as I thought oh gosh it’s gone all the way to top with the President and Vice President being stuck in virtual values as well. I didn’t even want to watch the annual Correspondent’s Dinner this year as I usually enjoy it but the satire was too much of the real world today and I see it everyday in real life and thus it seemed to be one huge parallel there of virtual values.
This unwelcomed phenomena that exists today…”The Grays”….
Virtual Worlds, Real World We Have A Problem And It’s A Big One With A Lot of Gray Areas Finding Where The Defining Lines Exist, Confusing Many With A Lot of Weird Values And Strange Perceptions…
I don’t even think the Pope himself understands what has occurred either, but his heart is in the right place for sure and you can’t argue that. You can also take in a video from Larry Ellison, CEO of Oracle and he warns of the same thing. Oracle makes software for the business world to helps us be efficient and is not in the same category at all like Facebook and others that mooch off your addiction to being connected. It is what it is. He’s issued his warning.
Larry Ellison, CEO Oracle, HCM Conference Keynote–”Be Careful About Virtual Relationships With Artificially Intelligent Pieces of Software That’s Smarter Than You“, It’s Really All About People”–Algo Duping and the Killer Algorithms Living Amongst Us…(Update) Video
So high five to the Pope today and do check out the videos, all done by people smarter than me, relaying the same message if you will at the Algo Duping/Killer Algorithms page. There’s your answer and the true reality and where the battle needs to go. There’s also 4 videos in the footer of this blog that are also over there and you can get a quick start here by just scrolling down and taking 4 of the videos. BD
Pope Francis called Friday for governments to redistribute wealth to the poor in a new spirit of generosity to help curb the "economy of exclusion" that is taking hold today.
Francis made the appeal during a speech to U.N. Secretary-General Ban Ki-moon and the heads of major U.N. agencies who met in Rome this week.
Latin America's first pope has frequently lashed out at the injustices of capitalism and the global economic system that excludes so much of humanity, though his predecessors have voiced similar concerns.
On Friday, Francis called for the United Nations to promote a "worldwide ethical mobilization" of solidarity with the poor in a new spirit of generosity.