Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
Has Next UK Financial Crisis Just Started? Bank Accounts Being Frozen - 21st July 19
Silver to Continue Lagging Gold, Will Struggle to Overcome $17 - 21st July 19
What’s With all the Weird Weather?  - 21st July 19
Halifax Stopping Customers Withdrawing Funds Online - UK Brexit Banking Crisis Starting? - 21st July 19
US House Prices Trend Forecast 2019 to 2021 - 20th July 19
MICROSOFT Cortana, Azure AI Platform Machine Intelligence Stock Investing Video - 20th July 19
Africa Rising – Population Explosion, Geopolitical and Economic Consquences - 20th July 19
Gold Mining Stocks Q2’19 Results Analysis - 20th July 19
This Is Your Last Chance to Dump Netflix Stock - 19th July 19
Gold and US Stock Mid Term Election and Decade Cycles - 19th July 19
Precious Metals Big Picture, as Silver Gets on its Horse - 19th July 19
This Technology Everyone Laughed Off Is Quietly Changing the World - 19th July 19
Green Tech Stocks To Watch - 19th July 19
Double Top In Transportation and Metals Breakout Are Key Stock Market Topping Signals - 18th July 19
AI Machine Learning PC Custom Build Specs for £2,500 - Scan Computers 3SX - 18th July 19
The Best “Pick-and-Shovel” Play for the Online Grocery Boom - 18th July 19
Is the Stock Market Rally Floating on Thin Air? - 18th July 19
Biotech Stocks With Near Term Catalysts - 18th July 19
SPX Consolidating, GBP and CAD Could be in Focus - 18th July 19
UK House Building and Population Growth Analysis - 17th July 19
Financial Crisis Stocks Bear Market Is Scary Close - 17th July 19
Want to See What's Next for the US Economy? Try This. - 17th July 19
What to do if You Blow the Trading Account - 17th July 19
Bitcoin Is Far Too Risky for Most Investors - 17th July 19
Core Inflation Rises but Fed Is Going to Cut Rates. Will Gold Gain? - 17th July 19
Boost your Trading Results - FREE eBook - 17th July 19
This Needs To Happen Before Silver Really Takes Off - 17th July 19
NASDAQ Should Reach 8031 Before Topping - 17th July 19
US Housing Market Real Terms BUY / SELL Indicator - 16th July 19
Could Trump Really Win the 2020 US Presidential Election? - 16th July 19
Gold Stocks Forming Bullish Consolidation - 16th July 19
Will Fed Easing Turn Out Like 1995 or 2007? - 16th July 19
Red Rock Entertainment Investments: Around the world in a day with Supreme Jets - 16th July 19
Silver Has Already Gone from Weak to Strong Hands - 15th July 19
Top Equity Mutual Funds That Offer Best Returns - 15th July 19
Gold’s Breakout And The US Dollar - 15th July 19
Financial Markets, Iran, U.S. Global Hegemony - 15th July 19
U.S Bond Yields Point to a 40% Rise in SPX - 15th July 19
Corporate Earnings may Surprise the Stock Market – Watch Out! - 15th July 19
Stock Market Interest Rate Cut Prevails - 15th July 19
Dow Stock Market Trend Forecast Current State July 2019 Video - 15th July 19
Why Summer is the Best Time to be in the Entertainment Industry - 15th July 19
Mid-August Is A Critical Turning Point For US Stocks - 14th July 19
Fed’s Recessionary Indicators and Gold - 14th July 19
The Problem with Keynesian Economics - 14th July 19

Market Oracle FREE Newsletter

Top AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

Potential Winners in Space Exploration

Politics / Technology Jul 29, 2017 - 03:45 PM GMT

By: Rodney_Johnson

Politics In the pre-dawn hours of Saturday, October 12, 1957, a cold north wind blew through the streets of Baltimore. The temperature hovered around 40 degrees, but many of the people standing outside weren’t concerned about the chilly air.

They trained their binoculars on the sky. A small, glowing object streaked through the darkness and changed their world forever. Footage shot from down below by a local TV cameraman ended up on the national news.


The Russians, just a few days earlier, launched Sputnik 1, Earth’s first artificial satellite. It circled our planet every 98 minutes, traversing the United States seven times a day, and was visible with binoculars just after sunset and just before dawn.

But Sputnik 1 was small, about the size of a basketball. Successfully putting the satellite in orbit was important, but it held nothing more than a radio.

Then came Sputnik 2, launched a month later.

This satellite weighed more than 1,000 pounds and contained a living animal, a dog named Laika, a stray from the streets of Moscow that became the first animal to orbit Earth. Her presence far above, and circling at thousands of miles an hour, put the Russians firmly ahead of the U.S. in extraterrestrial milestones. And scared the snot out of everyone!

Could they spy on us?

Could they launch missiles from up there?

No one knew exactly what it meant for our adversary’s capabilities, but we knew that we couldn’t wait around to find out.

The U.S. launched its first unmanned satellite just months later in January 1958. The space race was born.

We all know about Neil Armstrong taking the first human step on the moon in 1969 and the many accomplishments of NASA, but sometimes we fail to see how such accomplishments dramatically improved our lives, even if they came at great cost.

It can come down to something as simple as the joy in finding an out-of-the-way historical marker, or as complicated as determining your position in the middle of the ocean.

Road directions used to be the domain of those who could read a map and apply that knowledge to the real world. It required combining the skills of memorization, visualization, and depth perception. Some people had it, many did not.

The dynamic could make family road trips entertaining, or an exercise in frustration that ended in tears, depending on who sat in the copilot’s seat. As my family traveled when I was a kid in the 1970s, it became a point of pride to provide accurate directions as we traversed the country.

This skill was highly valued in our household because our father was a captain in the merchant marines who had learned to determine his location on the high seas through celestial navigation. It seemed cool to use a sextant to measure the angle of the earth to known stars, but that wasn’t how he estimated his position when at work.

At the time, he used a radio navigation system called Loran-C, which was a further iteration of the original Long Range Navigation system used in World War II.

Loran used hyperbolic, low-frequency radio signals and a receiver to allow triangulation navigation. It required the installation of emitter stations around the world, and either receiving radios used with maps to estimate coordinates or special radios programmed to spit out longitude and latitude. It was cumbersome.

But the military had something else.

As Sputnik 1 flew by, U.S. engineers estimated its position by listening to the signal emitted by its radio transmitter. This prompted the reverse question: Could you estimate your position on Earth using signals from known satellites?

The answer was “Yes!”

But first those satellites had to exist.

In the 1960s, the U.S. military used satellites to pinpoint the location of submarines, but the process was still inconvenient. In the 1970s, the U.S. government decided to put effort into a satellite-based system for navigation and in 1978 launched the first Navigation System with Timing and Ranging (NAVSTAR). It was considered a state secret and not available for commercial use.

That changed in 1983 when the Russians shot down a South Korean airliner that accidentally veered into its airspace. President Reagan decided to make GPS navigation available for free to anyone who could receive the signal.

Once equipped with GPS receivers, anyone within range of several satellites could know where they were, at least in terms of longitude and latitude. The system rolled out in 1989 and became fully operational in 1993.

Just Look Where We Are Now

Today we use GPS in our smartphones to guide us to a local bar, a kid’s soccer game in an unfamiliar town, or even an airport or shipping port on the other side of the planet.

Imagine the savings in fuel, vehicle wear and tear, and even family relations from having GPS! And it all exists because NASA launches satellites equipped with timing and range capabilities.

An interesting part of the arc of GPS is that many of the original devices, produced by companies like Garmin, TomTom, and Magellan, have fallen out of favor. Most people don’t need two GPS-enabled gismos, and we’re going to keep our phones.

It just shows that even though a company is on the cutting edge of technology, it can still be cut out of the value chain.

I love stories about how exploration, whether out of fear, wonder, or greed, leads to improvements in our quality of life. These changes give us a chance to live better, and can also give us an opportunity to invest in the next big thing.

We’re exploring these themes, and more, at Dent Research’s fifth annual Irrational Economic Summit, October 12-14 in Nashville, Tennessee.

We’ve lined up guest speakers that include Stephen Sandford, who spent 28 years as a NASA engineer before taking a leadership role at the NASA Langley Research Center. He was nine years old when Armstrong first stepped foot on the moon, and now says we’ll have a base there in the near future.

And while often we look to the skies, there’s just as much to uncover back on Earth, notably under the seas. Mark Gordon of Odyssey Marine Exploration will talk about that. (Think pirate ships and minerals on the ocean floor.)

Our goal is to take you out of the box of conventional thinking, and possibly identify the next wave of technology that will change our lives, and lead to profitable investments. Just like Sputnik ultimately did 60 years ago.

Rodney

Follow me on Twitter ;@RJHSDent

By Rodney Johnson, Senior Editor of Economy & Markets

http://economyandmarkets.com

Copyright © 2017 Rodney Johnson - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Rodney Johnson Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules