Last year I wrote about possible world-wide financial troubles in “The Coming Bubble,” which is ready to pop, sending the U.S. in a slide worse that the Great Depression of the 1930s:
“USA Today published an article featuring a chart showing the internet bubble, the housing bubble, and an unnamed bubble labeled a ‘stock market bubble.’
While the article doesn’t say there is a stock market bubble occurring in the U.S., it does say, “the Fed’s monetary policies have caused stock prices to soar, doesn’t mean there’s a bubble.” It also says those same monetary policies will likely deflate as part of an overall correction of the market.”
Now ‘Google’ vice-president Vinton Cerf is warning we could lose all of our pictures, document and other data forever. He says the images and records of our existence that we store on our computers will disappear as the ongoing digital revolution makes older hardware and software obsolete and old files inaccessible.
He adds, that since so much data is now kept in digital format, another problem will be future generations struggling to understand our society. That’s because more often than not, historians don’t realize how important a document is until centuries after the people who created it have died.
This may happen sooner than later — so it’s best to start planning for it.