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How to Protect your Wealth by Investing in AI Tech Stocks

The Consequences of AI

Politics / AI Aug 24, 2024 - 09:27 PM GMT

By: Nadeem_Walayat

Politics

What happens to humans when they are no longer able to control their own destiny i.e. become less than wage slaves? For that we look to what the Welfare States have supposedly achieved. Does giving benefits to people help or hinder people? In Britain we have a benefits culture that extends to some 9 million people of working age who for a multitude of reasons do not work. So what happens to those within this sub culture?

Are they seeking ways to better themselves or do the devolve deeper into self pity expecting someone else to do things for them, do those who live on benefits look after the property they live in? Their neighbourhoods? We'll go ask any landlord why they won't rent their properties to those on benefits because they will be a nightmare of unreliability.


The Welfare State / Benefits System acts as a noose around peoples necks, it does not help them up but rather holds people back, effectively paying people to be FAILURES, why bother even trying when you get paid to fail and then these people look to those who have worked their butts off with envy and greed and have the cheek to blame them for their failures, predominately immigrants, "we are sat on benefits because they took our jobs", "we can't get housing because they took our houses", NO you don't have a job or a good house to live in because you are a lazy bum who needs a kick up the backside to get moving by doing that which is difficult rather than envy others who have worked hard!

Unfortunately AI will act to destroy cultures of hard work and initiative and thus turn many if not most humans into lazy, miserable, quick to blame others benefit claimants where it won't be the fantasy of free money doled out to the masses by a benevolent AI, it will see humans devolve seek ways to maximise benefits for the least amount of effort. Crime will soar! As the laziest humans will have little better to do then procreate and thus dilute the human gene pool with laziness and ignorance, humanity will effectively de-evolve, that is what the welfare states do! It devalues and devolves human life! Worse still it pits people against people, I go on youtube I see those on benefits posting videos of how they need more benefits and then with their next breath how the government gives more benefits to the migrants instead of their own freeloaders.

That's what's going to happen as the human economic pie shrinks, humans will not blame the AI they will blame one another for why they should get more benefits then the other. You see this happen everywhere the government steps in with a helping hand, the so called projects in US cities of the 1960's and 1970's, fat lot of good the projects did said communities, they made things ten times worse! What happened to America's black neighbourhoods when the government stepped in with all of their so called progressive programmes? It destroyed black neighbourhoods, destroyed black families! Before affirmative action the norm was for black families to have children living with both parents, today it's less than 25%! That's what happens when the state steps in to help, it makes people LESS HUMAN, more animalistic!

The Universal Basic Income won't be a good thing, it will dumb humanity down and pit humans against humans as the amount of resources shrinks.

For AI it will be like like watching ants battling other ants completely oblivious to who is really in charge. The fact that we are racing towards developing Artificial super intelligence tells us that humans are a dumb intelligent species, we can see where all of this this heading to but still do it anyway!

How could ordinary humans survive in such a world? In virtual reality where we will exist for most of our waking lives in our own virtual worlds, given the alternative of the real world humanity will embrace the virtual world where THEY personally have all the power to do what they want to do, and communicate with people from other worlds on their own terms.

The bottom line is implementation of a Universal Basic Income will mean a leap towards communism where everyone but the elites effectively gets paid the same amount to live off, left to barter and gamble between themselves so as to get an edge on fellow comrades. Whilst it may take some time for nations such as the US to go fully down this path there are nations that are already primed for communism namely CHINA!

The worse an economy gets for the masses the more those with wealth will be forced to hide the fact that they are wealthy both from the state and fellow citizens else both will seek to steal their wealth. The media will portray the ideal life as being Mr and Mrs Average, shopping at super markets full of food with their UBI, just as Soviet propaganda used to be, so both the poor and the rich will be censored. One day all of these cash flashing influencers will get banned or worse imprisoned!

You want to know what the future looks like go and see what it's like in a run down area of town where you will find most of the shops have closed and what few shops are open charge a lot more for groceries than supermarkets as they have to cope with the soaring crime rate. The great irony is that the poor pay MORE for than the rest of the population due to lack of facilities such as local super markets, a downwards spiral of fewer jobs and resources, welcome to the Ghettos of the 2030's!.

The system criminalises the poor through debt and fines, forces folk to engage in criminal activity as a means to an end, which is what has transpired in Black Ghettos, it wasn't always that way but that is what happens when the system breaks families apart as a function of the benefits system, i.e. families are encouraged to become single parent households, forcing people into debt that they cannot repay due to lack of income which encourages seeking easy criminal solutions to ones problems, after all if one has little to lose then why not. That is what is in store for most humans as AI eats the economic pie.

So the choice is yours, do nothing today and accept your NPC future (Non Player Character) who will no control over your life. Or do the heavy lifting as iterated in my 3 HGR guides and get the ball rolling to beat the system whilst there are still opportunities to do so.

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CONTENTS

Stock Market Trend Forecast
US Stock Market vs M2 Money Supply
AI Stocks Portfolio
Nvidia 10 for 1 Stock Split
AI Computers Hype
2024 - AI Equals Loss of Agency
Why Alien Intelligence Cannot Predict the Future
Consequences of AI
UBI - Universal Billionaire Income
GLOBAL WARMING Housing Market Consequences Right Now
RECESSION When Yield Curve Uninverts
Global Debt Bubble.
IMMIGRATION DRIVES HOUSE PRICES HIGHER
US Housing Market Free Equity
US FIXED MORTGAGES LIMITING SUPPLY
HOA Nightmare
Florida Hurricanes
Rentals Crisis
Who is Buying All the Houses?
Commercial Property Capitulation
US House Prices Momentum
US House Prices Trend Forecast
US Housing Market Stocks
UK General Election - 4th July 2024

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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2024 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

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Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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