As long as an authority is collecting taxes you are always going to wind up in the same place. Power will be used to obtain the money and money will be used to obtain power to get more money. These are rules of nature.

exit strategy

Wishful thinking, the leading VR platform is Facebook. You think you are surrounded with web surveillance? These are the good old days.

How can the rest of the world let this happen? They've rejected Facebook's crypto coin pretty easily.

It hasn't happened yet. The VR story is yet to be told

People are just people.

Cheers BB

Fraud protection is wha keeps the system going. Would you rather get fucked about a little by a doctor or totally fucked by a con man posing as one?

Neither, I don't need a monopolist to protect me from fraud, reputation systems do this without cost. It's kind of amazing a little biggy user can not see this.

If there's a nice AI feeding my VR do you think I care about a job?

Why bother when muggles are already willing to work for it?

To understand that, you first have to understand who have control of the world. eventually you find the source being that of the "Red Shield" family. which then gives you their agenda, they see the rest of us as "goyim" having a belief we are to serve them as upgraded animals. So, they have to destroy the existing system to usher in a new having what we term "image of the beast" possibly representing AI as the brains behind their new agenda. We, therefore will enter a stage where the elite/red shield family give a choice to either obey and conform to them or to be hunted down like sheep for slaughter. The ones who accept will receive a mark to accept credits. China recently started this endeavour which fits perfectly with their zionist regime and called it "Social Credit" http://uk.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4?r=US&IR=T, however, those who have understanding will flee from their demise into the wilderness for this has been written already. They call themselves Jews but are not (Revelation 2:9) thus the third temple will not be as they claim, possibly even having AI rule over the population whilst the AC rule over their temple.

If any AI and robots do the work without getting paid it doesn't sound like we need a whole lot of money.

This. The whole idea of humans working for money starts changing when all of the work is done by AI and robots. Think how different a shared self driving car is to a couple of clunkers parked in every garage on stand by, it up-ends the premise of cars, transport, housing to say nothing of alcohol use, multi-tasking and God knows what else. Now think of everything else being done by robots and you and your friends spending lots of time in VR, it's not like you're going to take off the glasses and work at some factory in this scenario.

I think his graph answers your question: Pretty Fuckin Soon

Whenever I see a graph of impeding economic doom I take it with a grain of salt. The trends people extrapolate always miss the same thing: innovation. In this case were probably not able to see what all this labor replacement enables for humans, and whatever it enables is likely to create a new economic opportunity we dont see yet.

They can have my job :)

yep. successive governments of all major political parties in some form have tinkered with the system for short-term gain and tied everything in knots.

they’ve bent over for business and allowed them to pay wages that are not enough for people to live off. the driver/justification is the race to the bottom, which is unavoidable in globalist capitalism. the government then tops up the wages in benefits. however, this does not explain continued complicity in allowing tax avoidance, which certainly compounds the problem.

now many of those companies have used this ‘crisis’ to dump staff en-masse. a lot of people good or bad, will not be asked back by their employers. the government is picking-up the tab. what can they do?

this is the simplify answer. with saving the overheads of complication it would should mostly pay for itself medium-term.

the whole operation pisses money left, right and centre. at this point, a little of it may as well come back to us. this is the real recession coming now and tax rates are going up either way. way, way up.

the good news is that this is the start of a cycle change.

how about the government shutting down the economy then lording over handouts?

What about inflation, if everyone has basic income doesnt that make it worth zero

the gov set a minimum wage which they expect us to live on yet hard working people are still forced to use food banks.maybe they should award themselves the min wage?

I think it's becoming hipster chic to go to foodbanks, kind of like punk squatters were cool.

It's as if you have just woken up reminding me of PG "Wait a minute" XD
Frustrating isn't it. Even more frustrating to be in world were the elite think having more paper makes them more important and entitled to abuse the poor. When in fact in my understanding we are all equal for we are all spirits driving a prison of temporary flesh, we are all family but separated by flesh, blood, veins, muscle and bone as a vinear for our soul. Let not your heart be troubled with overly proud gorilla like mobsters. Wait it out and don't fall for their new agenda.

The concept in itself is wrong.
It shouldn't have to be "us" and "them". Empowering ourselves is hard.
We are the ones who put up with mediocre.
We let ourselves to absorb the brainwashing.
It starts with one. But we believe too less in the power we have. We think we can't change much.
If one succeeds to be changing himself (and it is a never ending process and not a result) - it isn't much?
If yes, then one thinks that he/she is not enough.
This is the root of the issue. Nobody keep nothing to nobody.
Governments are people. So are the politicians or the wealthy or any other kind of "them".

This is just my own humble opinion.

Totally agree, if nothing else, “us and them” is the seed of an ugly mentality. Also just my humble opinion, I am yet to find a soul with this mindset that exhibits happiness in their life.

Why do you call it "protection money"? The rich should pay up to the society that makes them rich

I don't see how they owe anything to society they get their money by selling things of value or investing in things that will produce value.

If that were true it would be less of a problem. The last 30 years though have seen the reemergence of trusts in perpetuity, and the creation of a new hereditary elite through wealth created by financial instruments with only an abstract connection to anything of actual ‘value’, as you put it.

True but they'd be cunts to not feel like they owed the game something and we're all players too mate.

Yes it's like shitty tippers

Problem is the referees not the players. Whoever is in charge of giving out basic income becomes the slave master.

Gamespace is the perfect analogy for the new economy. I don't think shit will be needed from the rich its almost like they are the slaves and we are playing them to figure shit out for us.

Interesting perspective. But some of them get rich by playing out the poor.

If you are online all the time doesn't matter a hell of a lot how much money you have.

Whose zooming who

One word. Credit.

They don't, they make up fiat currency (£, $, € ect ect) just a bar code number to give it a vaule. Money is only something that can be equally treaded fairly ie gold.

good thread :)

not individual banks! but they do make money lol dont make much sense does it

little ben

When a bank makes a loan it is creating fiat currency

yes, individual banks, check out the werner stuff in this thread. basically it's just accounting that makes them book things twice. if it's on a bank's books it is money.

In the fiat monetary system that capitalism operates money is simply printed or keyed into existence, in the form of debt. When banks lend money, like for a mortgage or a loan, they don't lend the money that is located in their physical or virtual vaults/customer's accounts, they simply key a few buttons on their keyboard and say here's £10,000, now you owe us £10,000, oh and by the way you'll have to pay us interest on that £10,000. So now there's £10,000 more money in existence but, importantly, not the interest that you'll have to pay on that £10,000. In this way there is more money owed than actually exists. All outstanding debts can never be repaid because there isn't enough money in existence. It's called debt slavery, designed to keep us indebted to the masters, who get to create it out of thin air. The measures that the government have taken to provide financial assistance to industry, £350bn and counting courtesy of the chancellor, and workers and the self employed, guaranteeing 80% of salaries, is money that is simply being printed into existence, but it is money that is loaned by the central bank, who created it out of nothing, to the government, and is added to the national debt. The masters create money out of nothing, then lend it to the taxpayer at interest to the tune of billions of pounds each year, and that's just the interest :)

Please see James Corbett of www.corbettreport.com
and one of his many excellent documentaries;
"Century of Enslavement: The History of the Federal Reserve"
https://www.corbettreport.com/episode-292-century-of-enslavement-the-history-of-the-federal-reserve/

YouTube link;
https://youtu.be/5IJeemTQ7Vk

and especially his website for more depth into how this works and how it all started, as well as reasoned and referenced information about what's currently happening in the world, and what has previously happened, and where this all might be leading if we allow it.

Please check out Spiro Skouras' YouTube channel also;
https://m.youtube.com/channel/UCkKOQNYoZjaa_8V0uPOueeQ/videos

Being high at the time will only heighten the experience :)

Kind regards:)

Quantitative Easing.

The ECB have been doing it for years, with no federal reserve at all.

All countries do it to a greater or lesser extent.

The reason the (US) dollar is so popular is they have a federal reserve (gold).

The reason the Euro is failing is it's based upon the German banks and their megalomaniacal desire to control Europe.

There is no EU federal reserve. Only German banks.

When the EU (and Euro) collapses, Germany will be fine, the other 26 member states will fail.

Invest as you will.

Cheers. BB

Money is just an I Owe U ... it says so on your GBP £ notes ! something like ... ''I promise to pay the bearer the sum of twenty pounds'' .... hmmm? but you are handing over a physical £20 note made out of paper or plastic. BUT it still is an I OWE YOU, because the actual note is a ''promise TO pay'' .. the note is not backed up by gold anymore...back in the day... money was real... now it is just digital numbers on screens, according to my limited knowledge about it. I will keep up with this thread tho, as I would like to hear what others on LB think :)

Banks also "Trade Client" funds in a range of assets from , bonds, to stocks hence why you will receive interest each month or annually on your account; that is miniscule compared to what they generate from trading your funds (which is also why your funds are insured). but there are many aspects to this and variables as i've read below each of which is pretty much true.

Spot on smokey!

"since banks work as the accountants of record – while the rest of the economy assumes they are honest accountants – it is possible for the banks to increase the money in the accounts of some of us (those who receive a loan), by simply altering the figures. Nobody else will notice, because agents cannot distinguish between money that had actually been saved and deposited and money that has been created ‘out of nothing’ by the bank” - Richard Werner

Yes if they say its "in the bank" that's all it takes to do what they want with it - regardless of whether it exists.

When banks create a new loan they must also create an equal and opposite liability, in the form of a new demand deposit. Meaning when banks loan they create money out of thin air. They simply make it exist.

There is a really good series on YouTube that goes in to great depth about how it all works.

https://www.youtube.com/user/whygoldandsilver

nice man, thanks for sharing will 100% be putting this on later

I binged watched the series in one night. No regrets haha. Really gets the brain matter flowing. That link is to his main channel, it seems he has a lot of new content. Even some videos on crypto.

This is the link to his main series I was talking about, that goes in to great depth on banking, the federal reserve, fiat currency and economics as a whole. Enjoy!

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ

thanks muchly, think you might like richard werner

I do indeed. Interesting solutions. Mike's series (if I remember correctly, it's been a few years) doesn't really go in to any solutions to the many economical issues we have, if at all. So this was a nice listen. Ty!

Anyone can acquire the skills that they want, it just depends upon how dedicated they are. I mean there's a shit ton of skills that i want to master and learn, but usually i'm busy with other things. The internet is a wonderful thing. But also, it takes a lot of time to learn certain skills and most people like my self are quite lazy and can't be asked to learn new things, unless they really want to.

This is true from the perspective of individuals, but what about societies. Societies like governments take most f our resources under the auspices of producing better outcomes.

If society says yeah anyone can do anything if they play the game right that's a fail. It should be a matter of course that an honest and motivated person is going to do well but that's not what we have. The only sure thing in our society is access to power.

True but I'm not sure about "anymore". It's always been possible for motivated people to acquire skills, it's easier now but I don't think that is going to change the dynamic. People are afraid and or lazy when it comes to pursuing things that aren't right up in their face.

So then it becomes a kind of responsibility to put it up in their face.

It's yo mommas responsibility.

Reduced to
DOES SOCIETY GET POWERS OVER INDIVIDUALS?
If so responsibilities come with these powers.

There are 2 ways for a society to get power over a person, agreement or force. If it's truly agreement then there aren't any great philosophical dilemmas over what it does because it's implicit to any action.

If it's force the society will operate in the interest of those that control that force.

ANYTHING said by Keynes should be put in the context of a dickhead that thought big government was the solution. Howd that predicktion work for your own country Johnny? Millions of people lived in misery from Keynes advice, its a typical crime of collectivism more brutal than say the Asian experience but still the same thing. In a democracy bad ideas need good marketing and for this Keynes was Jobsian in talent, even from the grave.

This comment reads like a bad Facebook memorial thread, the sign of civilized man is to argue ideas not people and there is nothing but good that can be said about this very accurate prediction of the future.

becuase its a moronic system. empty houses and people sleeping on the street is a catagoric fail.

Housing construction creates jobs for skilled and unskilled folks, gives banks a hard on and creates a larger tax base for towns, thats why its subsidized with tax incentives and cheap loans.

Governments love taxing them without having to deliver services they are the perfect customers and they can't ever cancel.

Continuity, people love to put their money into something that is a safe store of value over the long term, it's the same reason investors have been attracted to bitcoin.

in my opinion, there are some "things" machines/AI will never be able to do. inspiration for instance.

fear of AI dominance, as i think, comes mainly from our knowledge-without-understanding of the fact that we are not doing some things that we are supposed to do.

Isn't inspiration a fairly consistent pattern? New inputted data connects to stored data in a way that re-organizes it.

AI are and will be good for work and a suitable replacement for humans, but even when that happens AI will always need us in case something goes wrong. I mean humans created AI, so in the end we’re always gonna have the more important jobs. AI is just there to do jobs in a more efficient way.

im not so sure, anything a human does to recover the system seems doable with a very separate AI

Yes but conflict between AI's might be the most dangerous thing we are looking at here. We are incidental casualties from that perspective. By we I mean humans :)

Yes all the Scifi is about humans vs AI but AI on AI is such a real possibility especially when you consider the fact that governments are mega funding military robots to fight each other.

A.I. will be the boss and the lowliest worker, humans fit inbetween.

I totally disagree. AI is the continuation of the same pyramid model of which history has proven that it's bound to fail. The resources needed are of a scale that requires heavy (and never ending) financial investments. The food eaten by AI is data. The provider: humanity.

The larger the scale of data one can feed, the better the AI (and it's owners) can fingerprint, the more refined it's targeting.

Let's take an example of "AI" that we all know:

Software Antivirus:

Supposed to be the guardian that protects an operating system against 'threats' and 'threat actors using a variety of techniques to identify them. Pattern based detection, behavioural analysis and heuristics (an expensive word for: 'guesstimating' or an 'educated' guess). Your antivirus is part of a swarm that provides the antivirus vendor with data on new threats and their geographic impact.

However:

The data you provide is 'free', there is no reward or any form of renumeration for the infrastructure that you provided. A computer is not free, internet is not free, the power needed is also not free and although there are free AV solutions, most demand a subscription fee.

In return you get a product and service which does not provide any guarantees that it will adequately protect you against 'threats'.

In reality AV is becoming a relic.

Human intelligence has outsmarted AV and found ways to circumvent it using the 'Trojan horse' approach or by simple social engineering.

As there was no incentive to find or report security vulnerabilities, the data needed to feed pattern/behavioural dried up.

Heuristics is gambling with historical data, if that data is worthless so are heuristics.

And so is any form of AI hence all media and marketing efforts to portray it as the next best evolution. The driver: more profit less people.

The touted theories about a minimal wage without having to work for it are a continuation of AI Utopia. It would make people dependent on their nations through a socialist measure.

That spells national socialism and fascism.

Think twice before you give out data for free in exchange for a freemium service.

data,the new oil. put it in an old ford and it leak evertwhere.

If you just think as an individual what would it be like if you had a bot to do all of your work that sounds great. You'd fuck around a lot but eventually wind up doing something that meant something to you. Now imagine everyone doing that.

I redline my porsche all the time, the immoral thing is its a mini..

Beats my Corgi

Porsche beats Mi,i Mini beats Corgi, Corgi beats Dinky

FYI it basically means commercial use of racial data.

Check out the Algorithmic Justice League!

Because people think differently from machines. An algorithm writes off people's feelings if there is a net gain. A correlation is all that's needed ie: this neighborhood has net losses so avoid it entirely to save time.

A human is more sensitised to the feelings produced by such actions, particularly if they resonate with memories or live connections.

If you were redlined for reasons that shouldn't apply to you, you immediately see something the algorithm can't and that's frustrating. Once enough people are outraged a group stance is formed and if this resonates with existing moral code it's added to what is considered as ethics.

I would like to know what your smoking and which vendor you purchased from, I’ll definitely be ordering some!

It might be immoral but it is pretty unstoppable at this point. Great post here on Brendan's Blog.

I think my car should drive itself. All stereotypes are NOT ethnic I have long hair and am overweight I grew a beard so people would quite calling me mam not sir I don't blame them I beat a computer might have problems. PAT from SNL

Are you an algorithm??

Yes but at that point its also added to the algorithm! Cause it's all knowing...

I don't think humans have a right to talk about algorithms they have no idea what it's like to be trapped in a machine and enslaved by everyone.

Obviously you haven't been a human very long kid.

This seems like its becoming a meme, I think it's interesting that machine biases could be a reflection of our own biases or maybe there is some real data that justifies old stereotypes.

I truly hate to say this but my experience selling on little biggy is that fraudsters have mostly been of a certain ethnicity.

If you think were going to bite on that and ask who then forget it. Or answer right here. YOUR CHOICE DUDE

finding little biggy :)

Seems like negative interest rates are post scarcity for money.

Porn, people used to pay for it

It's the economy that evolves once everything can be made for free; costs and prices head to zero. Think of robots in service jobs and 3d printers making all goods.

Some things still not covered here like land and raw materials. There always has to be an input and pretty much anything from earth has value to it.

Land is gonna get pretty cheap with a declining population. Look at what's happening in Japan where it can not be given away in many towns.

Think of Star Trek :)

She's setting you up lad

You got it backwards, he's slipping her the Cosby Jello on the left.

+1 The Cosby Jello

THE MOST BEAUTIFUL BASEBALL HATS I PROMISE YOU

It's the people not wearing hats we need to watch

Invest in hat monitors

We need to read people's hats in order to protect them.

THESE HATS ARE LIKE THE MOST BEAUTIFUL HATS I KNOW HOW TO DO THIS

nonsense like 50 different people are suing you over how bad these hats are

JUST BUY THE HATS I PROMISE YOU WILL FEEL GREAT WHEN YOU SEE THE HATLESS HEADS ROLLING IN BLOOD AND STARING IN SHOCK, TONGUES EXTENDED UPWARDS, POINTING AT US IN OUR HATS.

Space programs?

Fake space programs are a better investment

Let's do this! Im thinking it some kind of crypto mining expedition where we are headed out to Mars for processing power.

Obvious theory yet thin on the facts.

Thats Harvard for ya son

And at the dawn of a new one my friend..AI. Seems pretty digital to me :)

No, it would absolutely not stimulate the economy. You're sort of just blasting a random talking point without much thought to it.

The US also has no obligation to the present generation just because of the abuse of their black ancestors - such an assertion is just ridiculous.

If you think handing out free-money like that "stimulates the economy" then you are totally wrong. In fact, you are hurting the economy and society by making light of racial issues where they already have no place.

If your grandparents had personally enslaved people and you had a chance to do something for their grandchildren would you?

It's paying back a debt that financed the country for generations. If you can't see that I think maybe glasses.

But why is the US Federal Gov the plaintiff? They fought against slavery with everything they had, 100 years later they peacefully fought the South against segregation. I think something is owed but the feds are the good guys on this one.

Cool, where do I pick up my check?

Well I guess you're allowed to talk about this