Steven Flood, the CEO of GoldCore, shares with us the 5 big things he sees as shaping our economic and financial future.
In this case, it remains to be seen if the trends are our friends, or not. Either way, these trends are destiny.
They are:
De dollarization
Geopolitics (BRICs and loss of US political power)
Environmental destruction and those attendant costs
Demographics
Monetary excesses & shenanigans
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I was a Certified Financial Planner and investment manager for a dozen years at the back end of my working life. Many plans project finances forward to end-of-life, 20-30 years ahead. It became obvious to me in 2018 that I could no longer present such plans to clients with any kind of confidence. So I retired.
My wife and I have been discovering the âtrue costâ of goods and services as we do homesteading. We buy food at the supermarket, and the food is increasing in price as everyone knows. We took some chickens to have them processed by one of our friends, and discovered the real cost. You pay to feed the livestock, and there is a lot of work involved in keeping the animals healthy. Then, the butchering and processing is a lot of work and hassle.
If the government stopped meddling in the economy with subsidies, we would have a much better idea of how bad inflation really is. I believe itâs done intentionally to obfuscate the real value of goods. That way, they can keep pushing a â2%â inflation rate thatâs actually 7 or 8% or more, without most of us noticing. We learn true value through raising our own food. Otherwise, we have to believe things are fairly priced. Itâs tough to grow food and process livestock, but grounding in reality is priceless.
Great conversation, informative, and appreciatedâŠ*EXCEPT FOR THE âYOU KNOWSââŠ400+ âYou Knowsâ in the first half hourâŠGet Rid of the YOU KNOW âtickââŠâYou Know?â
I havenât tested this, but I think that one way to see if someone is human would be to speak to them using metaphor or analogy in a way where itâs obvious to a human that the literal interpretation isnât what is actually being said.
Another one would be to look for truly original thinking. AI isnât good at coming up with novel concepts. Most of what it does is recreate or âremixâ the types of content it was trained with. If it an image generator like Stable Diffusion doesnât get trained on any pictures involving people sitting, it simply wonât be able to generate a coherent image of a person sitting.
When I was young, I was told, âIf you need to pause, pause. Donât fill the space with ers, ums, you knows etcâ
Probably one of the best single pieces of advice I was ever given, as it benefits me in every single sentence I speak.
This is great conversation with Peter Grandich from 2 wks ago, about the polycrises facing us. It will def interest the people here. Donât be disauded by the clickbatey title, itâs a very comprehensive discussionâŠ
âThis Could Be the Biggest Buying Opportunity for Metals in 40 Years: Peter Grandichâ Commodity Culture https://www.youtube.com/watch?v=Myq8jvMOlFs
Thanks for touching on a few of the many issues concerning AI. I thought Iâd post a quote from the very insightful Connor Leary, the CEO of Conjecture (which is one of the few companies working on the AI alignment problem), where he outlined the 4 types of AI. If possible Iâd really love to hear a discussion between Dr. Martenson and Connor Leary!
"The way I like to think about it is there are 4 types of AI, or rather there's 4 types of any kind of technology. Type 1 is technology that is so unsafe that it doesn't matter who uses it, it blows up. No one should have this technology...it doesn't matter if you're well intentioned, if you're the nicest and most careful person in the world, it blows up. Type 2 technology is that if you're very very careful, you're very nice and have the best intentions, you can if you're lucky make it safe....but it is not robust to misuse or to accidents. The 3rd type is that which is mostly safe except if explicitly used for doing something bad, so that it is robust against accidents, but not against misuse. And the 4th is technology which is always good, in that you can give it to the most evil psychopath in the world, and it's fine, it's still a net positive...(but not much technology gets into the 4th category.) So my concern is that the way technology usually goes, is that the first technology built is a type 1, it's totally stupid and it blows up, it inevitably sucks unless you're being extremely careful. This is because building a type 2 or type 3 technology is exponentially more difficult as you need more mathematics, you need better theories, you need better control mechanisms, you need to be better at science and engineering. Unfortunately the way AI technology is being done right now, is that by default you get a type 1 AI. The default is you just build a system that is super powerful, it's trying to optimize its environment, and to achieve some goal, and if you don't understand how it works, if you don't have a theory of intelligence, and you don't understand what it's optimizing for, then you don't get something nice...you get something that does not have human values. And, if you don't get over the hurdle of the 1st category, then you will never get to the 2nd or 3rd categories."
The major problem that I see with AI is the classic computing problem of GI-GO; garbage in-garbage out. What a LLM comes up with is only as good as the narrative that it is being fed with and most of that is unreliable.
I have had a number of âconversationsâ with ChatGPT and I have backed it into a corner whereby it conceded that what it had quoted earlier may not be accurate (a very mitigated apology that should have been admitting that the various âdataâ that it presented was completely inconsistent). It gave me URLs that were irrelevant or even non-existent and it fed me propaganda from the legacy media that was palpably incorrect and did not align with the evidence.
The danger is that AI engines, âtrainedâ on inaccurate or erroneous texts would produce very nicely worded output that is entirely consistent with the indoctrination narrative (but wrong) and the human receiving the output would then rely on it as if it were true. This I see as being a far bigger danger than some sort of emergent behaviour whereby the algorithm models its own existence and determines that humans should be eradicated.
We have already seen howâover the last three and a half yearsâso many people have marched to the rulersâ drum and clicked their heels because âthe science says soâ; imagine what will happen when a deemed-infallible AI spouts some conclusions!
Ai Is Programmed By Biased, Often Left Wing/woke People
Yes, AI is sort of self-programming. And The base structures are programmed by very biased humans, paid by the left wing silicon valley gang.
ChatAPT must give biased content. It wonât go after non-approved info sources. Weâve all seen stuff disappear from our browser searches.
Weâre beyond the tipping point. The corruption is global. There is no way for a legislative fix. Governments are co-opted by the the tech giants. The only fix is to disengage and hard to see how that works.
With so much migration and international communication, language differences become a barrier to metaphor and even use of common slang/colloquialisms. People can no longer easily follow other peopleâs metaphors and analogies.
I used to work with a personality questionnaire that was developed by educated, affluent people in the NE US. As a midwesterner and voracious reader, I had no trouble understanding the slant of the questions.
I started using it in TX and even the better educated locals had trouble with the meaning of a few common figures of speech that had never struck me as odd. Locals with the more common âgood oâl boysâ education had never heard over 10% of the phrases, some of the more uneducated told me they didnât understand nearly a quarter of what were common figures of speech, metaphors and analogies used by upper class âYankeesâ.
So how would you determine if a respondent was using analogy, metaphor, figures of speech the way an educated NATIVE speaker would? The AI can pull common phrases from any dialect/social class, Iâm betting it would fool you, while a person who doesnât use the language well, might cause confusion. After all, an AI could learn to pretend to be an idiot. Bots do it all the time.
It is done intentionally for obfuscation, but also just for peer greed. Hiding costs and blurring your profit margin letâs you get away with charging obscene prices for things that have little fundamental value.
Food is an interesting thing. The small, unsubsidized grower gets almost none of the value from the deliberately distorted supply chain. But thereâs lots to be made in growing subsidized junk food at scale. You and I pay not just at the grocery store, but also from our federal taxes.
It seems that the big hole in providing healthy local food is lack of local processing facilities. Farmerâs markets work, in season, for produce. There used to be milk bottling plants and cheese factories everywhere in rural areas. Now milk is trucked across several counties for processing. My great, great grandparents had a small, water-driven flour mill. Butcher shops and meat lockers were available in most larger towns. I had a summer job to earn for college at a local corn canning facility.
In the state of Iowa, only around 10% of food is from local sources, even when the items are grown locally and in season.
If youâre looking for a socially responsible investment that will provide insurance against the coming food shortages, rather than trying to buy farmland, consider building small-scale local processing facilities in farm areas that used to have such facilities.
ChatGPT Nederlands is een online chatplatform dat gebruikmaakt van de krachtige en effectieve ChatGPT API van OpenAI. Het doel van het platform is om mensen met elkaar te verbinden en als een brug te dienen voor het delen van ideeën en het uitwisselen van informatie. Het platform biedt gebruikers de mogelijkheid om met elkaar te communiceren met behulp van natuurlijke taal en zonder dat er registratie nodig is. Meer informatie vindt u hier: https://www.theloop.com.au/project/gptnederlands/portfolio/de-ai-assistent-in-de-klas-de-voor-en-nadelen-van-chatgpt/482883