Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 685.40

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Jan 21 4:00 PM EST

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To: GROUND ZERO™ who wrote (143166)	4/1/2020 12:03:04 PM
From: Claude Cormier	3 Recommendations Recommended By GROUND ZERO™ SGJ the longhorn Read Replies (2) of 222197

I agree with you. There are big problems. I think that the current model no longer works because of the current trends in technology On the one hand, technology innovations are deflationary. They create more good and services at lower prices. The fact that we can improve our way of leaving for much less dollars is great. This process is exponential. As an example, AI specialists believe that within 5-20 years a super AI will be created that will do almost everything humans can do, faster and better. On the other hand, the governments are fighting this deflation by adding to the debt with new money created out of thin air. By this process the financial assets are inflated , the rich gets richer as the poor become poorer continue to lose their jobs. There is a need for a new financial system. It is either that or a new revolution in many countries. This is not my theory but I think it make sense. I first heard it from Jeff Booth who wrote “The Price of Tomorrow”. He discuss this in an interview with Real Vision.

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