Outboard Motors & Broken Pipes

“Our greatest American Philosopher, to my mind, was Eric Hoffer,” Mamet writes. “He was an immigrant kid. He never spent a day in school. He roamed the country during the Depression as a hobo and migrant worker.” ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ August 31, 2023 |  [View Online]( |  [Sign Up]( Outboard Motors & Broken Pipes “People who bite the hand that feeds them usually lick the boot that kicks them.” ― Eric Hoffer , Last night, by lamp light, we took a breather from thinking about the stock market, Fed policy, Chinese growth domestic product, and the proxy war in the Ukraine to revisit one of America’s working-class thinkers. We were reading 12 Angry Men, the great hardboiled legal drama that inspired the 1957 film starring Henry Fonda. When something else grabbed our attention. The daring playwright David Mamet wrote the Preface to our copy of 12 Angry Men. In his opening ruminations, Mamet referenced Eric Hoffer. CONTINUED BELOW... POWERED BY DIGITAL CURRENCY SUMMIT Why Crypto Reached New Heights In June Despite SEC's Shake Down Despite the SEC's legal attack on Binance and Coinbase, the experts, thought leaders, and institutional investors are in agreement that the next 12 months could be the most impactful in the history of cryptocurrency. The numbers in June 2023 speak for themselves. A 12%+ rally in June, despite the announcement of the SEC's lawsuit, proves that government overreach cannot stop the influx of millions pouring into the market. We are inviting you to join us at the [Digital Currency Summit,]( as 27+ experts speak on their strategies and the assets that could reach new highs within the next year. This is the period where crypto-millionaires are positioning themselves to make life changing gains. [Click Here To Register For Free]( CONTINUED... “Our greatest American Philosopher, to my mind, was Eric Hoffer,” Mamet writes. “He was an immigrant kid. He never spent a day in school. He roamed the country during the Depression as a hobo and migrant worker.” We took the inch and ran the mile. We followed Mamet’s line of thought, putting down 12 Angry Men for a more worn copy of Hoffer’s True Believer. Hoffer wrote for people who didn’t have schooling. He doesn’t reference his thoughts. He doesn’t provide backup. When you read him, you feel like you have a hobo’s stick and knapsack on your back. The man provides both a form of escapism and a keen insight into what made America what it was in the 20th Century. Hopper claimed there was enough talent and know-how on a single WPA truck to have built not only one road, but to have built America itself. For that, he said, was quite exactly how America was built—“a group of reasonably intelligent workers took a simple plan, formed an ad-hoc group, and used their common sense and group spirit to execute it well.” In our own knapsack at The Wiggin Sessions we’ve got some good workers. Recently, however, artificial intelligence has entered the scene, turning our group of “reasonably intelligent workers” into 12 angry men (and women). “By the way,” says our arts director. “I’ve been using MidJourney to generate images for thewigginsessions.com lately. Kind of a game changer… Graphic arts: illustration, photography, painting, drawing... are dead.” Sigh. “Hey man, get in line. ChatGPT is stealing my job,” one of our writers retorts. He must have read that McDonald’s is replacing human drive-thru attendants with AI. The pilot project is in 10 stores and is 85% accurate. “Certainly is…” the artist responds. “I use it daily. We’re all screwed! Far more disrupting than anything we’ve ever created. I’ll teach my kids how to fix outboard motors and broken pipes…” “I’m not,” I responded at the time. “AI should make all our work product better. I’m looking forward to it.” “Picking grapes is picking grapes,” the writer resigns. Oy. Nobody knows what AI is going to do. But like all innovations it creates flights of fear and fancy. All innovations throughout history inspire the same response: joy, anxiety and fear. “Irrational exuberance,” to quote the great googly-eyed Greenspan from 1996. POWERED BY REPUBLICAN METAL COMPANY Gold’s Greatest Bull Run Yet Is Coming Now is the time to secure your financial future with gold and precious metals, because in the very near future gold could skyrocket off the charts. In our Precious Metals Investment Guide, we show you the smart and safe way to invest in gold now before the coming bull-run. You’ll find out how to grow your retirement savings as gold takes off once again. [Get your FREE Gold Guide now](. CONTINUED... It occurs to me it doesn’t matter whether AI is good or bad. Es lo que es. It is what it is. And in the workplace these are changes happening to real people. How do you trade it? We recorded with Chris Johnson for next week’s Session. He’s a quant trader, so we’ll dig into what that means… He’s also convinced that AI is a classic bubble in the vein of all bubbles going back to the Tulip Bubble in the mid-1600s. As such, he give some very explicit ideas on how to trade Nvidia, the chipmaker providing the ‘picks and shovels’ for this latest speculative mania. Trade the winds, Addison Wiggin The Wiggin Sessions P.S. Automation is challenging the way we work every day. It is also changing how people make decisions, in real time. What’s “building America” going to look like when we get the robots involved? The jury is still out. Your thoughts? [Write to us here](mailto:feedback@wigginsessions.com). POWERED BY DEMISE OF THE DOLLAR The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to The Wiggn Sessions delivering daily email issues and advertisements. To end your The Daily Missive from The Wiggin Sessions e-mail subscription and associated external offers sent from The Daily Missive from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at feedback@wigginsessions.com. 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