Silicon Valley is Dead

Amanda StiltnerWe’re in Kingston, New York, headquarters to global forecasting guru — and Agora Financial contributor — Gerald Celente, for an event unveiling his biggest predictions for 2017.

Later today, Gerald will reveal his top trend forecasts set to change your health, wealth, and well-being in the year ahead. And beyond.

We’ll be covering these trend forecasts one by one — and how you can profit from them— in the coming weeks. Stay tuned.

In the meantime, read on for a sneak peek…

Regards,

Amanda Stiltner
for The Daily Reckoning


American Tech Innovation Has New Competitors: An Even Global Playing Field Emerges

Gerald CelenteDuring the Industrial Revolution, manufacturing ignited in areas where proximity to transportation ports or natural resources were needed for industries to thrive.

Today, in the technology economy, advances and discoveries will emerge from startups in remote, obscure locales, as well as new tech centers worldwide.

This technology revolution sweeping the globe knows no geographic, economic, cultural or social boundaries. From the Bering Sea to sub-Saharan Africa, countries big and small are exploring, inventing and creating new technologies to fuel and shape the future’s tech-based economy.

This trend, now in an early stage but evolving rapidly, will rob America of its status as the startup capital of the world.

With an even global playing field, sophisticated technology, once exclusively the property of large corporations, is now affordable and available to anybody.

Creative tech-savvy individuals and small companies virtually anywhere in the world, equipped only with smartphones, database access and desktop-publishing capability, can create, market and sell internationally.

In this new technology-driven global economy, the value of a company is based more on the innovations it brings to market, not its physical assets.

In America’s and the Western Hemisphere’s merger/acquisition economy – driven by money-pumping schemes since The Panic of ’08 that injected countless trillions of dollars, yuan, euros, yen, pounds, etc., into financial sectors with quantitative easing and zero/low-interest-rate policies – Wall Street stands tall.

Main Street, weakened and demoralized, stands in the shadows. Rigged economies in the last near-decade killed capitalism and thus, small business.

The slow death of American entrepreneurism is well documented. A spate of studies during the last few years, especially the work of the Kauffman Foundation and Brookings Institution, have demonstrated that startup businesses are fewer in number and fail quicker.

That net loss of small businesses is an accelerating trend.

Moreover, this trend emerges at a time when the global economy will be transformed by a technological revolution unlike any other cultural and socioeconomic trend before it.

America’s traditional entrepreneurial startup model is no longer on trend. From Silicon Valley to new, smaller tech centers emerging across the country, American technology now finds itself on an equal plane with the rest of the world…

… if you know where to look, the opportunities to profit will be enormous.

Regards,

Gerald Celente
for The Daily Reckoning

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