Masters Of Understatement in a Weird Season

Here’s the latest from Bank of America, recognized experts on the paranormal. “The investment implications remain unclear”…… Well, I guess so!

From Business Insider:

BANK OF AMERICA: There’s a 20%-50% chance we’re inside the matrix and reality is just a simulation

The thing is: We’d never know it anyway.

In a note to clients out Tuesday, Bank of America Merrill Lynch said there’s a 20%-50% chance that we’re living in the matrix — meaning that the world we experience as “real” is actually just a simulation.

The firm cites comments from Elon Musk, Neil deGrasse Tyson, and Nick Bostrom’s seminal paper on the issue as the basis for its 20%-50% view.

Screen Shot 2016 09 08 at 11.05.45 AMBAML

Here’s BAML (emphasis added):

“Many scientists, philosophers, and business leaders believe that there is a 20-50% probability that humans are already living in a computer-simulated virtual world. In April 2016, researchers gathered at the American Museum of Natural History to debate this notion. The argument is that we are already approaching photorealistic 3D simulations that millions of people can simultaneously participate in. It is conceivable that with advancements in artificial intelligence, virtual reality, and computing power, members of future civilizations could have decided to run a simulation of their ancestors.”

BAML also notably highlights Nick Bostrom’s three probable scenarios for the human race, which are 1. extinction before reaching a “posthuman” stage, 2. reaching posthuman existence but not simulating evolutionary history, and 3. we are in the matrix already.

Reading Bostrom’s 2003 paper, however, makes clear we’d never really have access to full knowledge of any of these scenarios because, as Bostrom concludes, “Unless we are now living in a simulation, our descendants will almost certainly never run an ancestor-simulation.”

This “if true, then true, otherwise false” construct means none of this philosophical struggle really matters anyway.

We’re either in the matrix or we’re not. And if we’re not, we’re unlikely to create the matrix because if the matrix were plausible it would’ve been created anyway. And we’d be in it.

The investment implications remain unclear.

—oo—

Well, there’s a no shitter.  The fed has been purchasing its own treasury notes to the tune of $85 Billion per month for the last 8 years.  A bubble?  No waaay!  David Stockman has been predicting a collapse for a couple of years; his timing is off but, based on what’s currently happening to the Chinese economy, he is probably right.

And all this, just in time for a Trump Presidency.  Who could have guessed that?

~ SafeSpace

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One Response to Masters Of Understatement in a Weird Season

  1. Hardnox says:

    Yup, the timing for the meltdown will occur in 2017. The world economy is a bubble. Worldwide debt is about 700 Trillion. The mess needs to be reset. It will occur once the people behind the curtain have their ducks in a row then wham. 1929 will look like a picnic in comparison. Welcome to Mad Max when the EBT cards end worldwide.