The world is awash in more debt than there is money enough in the world to liquidate it.

Reality is a wave function traveling both backward and forward in time.

From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an ever-increasing level of complexity. At some point, this complexity reached a point where even the creators of the derivatives themselves didn't understand them.

System theorists know that it's easy to couple simple-to-understand systems into a "super system" that's capable of displaying behavioral modes that cannot be seen in any of its constituent parts. This is the process called "emergence."

Resilience, timing, adaptation - these are the three pillars upon which the emergent properties of interacting systems rest. When the systems are the economy and the environment, understanding of the relationships among these concepts is crucial. This volume does a better job of explaining how to manage both money and nature to ensure humanity's long-term future than any other work I know of. Read and reflect.

I do not believe that there is any person, method, or tool that can consistently and reliably predict specific human events, X- or otherwise.

The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.