At some point, the world is going to have to bite the bullet and accept a huge downsizing in its way of life to bring the assets-to-debt ratio back in touch with reality.
John L. CastiMy own guess is that quite quickly the machine intelligence will start dreaming machine dreams and thinking machine thoughts, both of which would totally incomprehensible to us. This would then lead to each species, we and the machines, moving off on to its own separate life trajectory.
John L. CastiThe world is awash in more debt than there is money enough in the world to liquidate it.
John L. CastiThe unfolding time for the end of globalization or a worldwide deflation is much longer, certainly measured in years, if not decades.
John L. CastiA good analogy is stretching a rubber band. You can stretch and stretch and even feel the tension increase in the muscles in your hands and arms as the gap from one end of the band to the other widens. But at some point you reach the limits of elasticity of the band and it snaps. The same thing happens with human systems.
John L. Casti