Demographic changes are a genocide of every society. The West must get this under control, otherwise it will end badly. To do this, the financial system must be overhauled. Give people more resources and make the state apparatus more efficient
I think one likely path is we will see AI slowly increasing productivity causing a slow increase in unemployment and some deflation. The fed will follow the script and reduce rates even though that won't solve the employment problem. As rates head towards zero the deficit will become lower since interest on the debt is in mostly short term bills which will lower the second highest draw on the budget, interest on the debt. Problem solved, we will turn into 1980's Japan.
Fantastic breakdown of where we're at. I also believe we have to closely watch the top 5 leaders in AI & listen to what they're saying as far as timeframes, and inevitable fallout. They all agree we'll experience huge unemployment numbers, and global chaos in the next 5-7 yrs. Its being called birthing pains as we enter this whole new world. Preparation is essential. How else can we prepare??
Demographic changes are a genocide of every society. The West must get this under control, otherwise it will end badly. To do this, the financial system must be overhauled. Give people more resources and make the state apparatus more efficient
interesting take, the long-term 'debt' cycle. These politicians need to get it together man lol, but it is likely already too late
I think one likely path is we will see AI slowly increasing productivity causing a slow increase in unemployment and some deflation. The fed will follow the script and reduce rates even though that won't solve the employment problem. As rates head towards zero the deficit will become lower since interest on the debt is in mostly short term bills which will lower the second highest draw on the budget, interest on the debt. Problem solved, we will turn into 1980's Japan.
Fantastic breakdown of where we're at. I also believe we have to closely watch the top 5 leaders in AI & listen to what they're saying as far as timeframes, and inevitable fallout. They all agree we'll experience huge unemployment numbers, and global chaos in the next 5-7 yrs. Its being called birthing pains as we enter this whole new world. Preparation is essential. How else can we prepare??