[ExI] [Extropolis] AI and interest rates

[Adrian Tymes]

I have a colleague who's been able to get fairly good returns
for the past half year, using certain offshoots of recent AI & crypto, for
small investors: $1K-$100K per person.  That's about all I can say in
public.

On Sat, Jun 3, 2023 at 9:57 AM William Flynn Wallace via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> Yeah, I'd like to know where to put my excess money.
>
> Gold, and not any other thing in this world, has such a very high symbolic
> value.  If you've got gold you are rich and safe.  It will never drop to
> the value of silver or anything else (Van Gogh?).   bill w
>
> On Sat, Jun 3, 2023 at 10:52 AM John Clark <johnkclark at gmail.com> wrote:
>
>> I have a theory about interest rates and I'd like to know what those who
>> know more about economics than I do think about it.
>>
>> When it comes to economic forecasting the generally accepted beliefs that
>> an economy's population has is all important, and it doesn't even matter if
>> that belief is true. So on the day it becomes generally accepted that the
>>  AI singularity is near and a very drastic increase in productivity is
>> imminent I believe there will be a BIG increase in interest rates, because
>> a dollar in your pocket right now will be more important to you than a
>> million dollars will be in 20 years, even if you manage to survive the
>> singularity which you very will might not. And if you don't survive then
>> the value of a dollar to you will be precisely zero, so you might as well
>> spend it today and have a little fun and not loan it out. So regardless of
>> if you believe you will survive the singularity or not, for you to be
>> willing to loan me a dollar today if you were a logical you would demand
>> that I give you many many more dollars tomorrow as repayment. Put it
>> another way, in a few years a dollar will enable you to buy far more stuff
>> than it can today, so you'd want to save your money and not lend it out
>> unless you were given a very big reason to do so, such as an astronomically
>> high interest-rate.
>>
>> If I'm right about this then that would mean those who think they are
>> being conservative and safe by investing in low interest government or
>> corporate bonds will be disappointed because the value of all low interest
>> investments that are supposed to be safe will crash. But that leads to
>> another question that I don't have a clear answer to, even if I decide to
>> save my money and not loan it out, how am I supposed to safely do that?
>> I'm sure some will immediately say "gold" but I have no reason to believe
>> that in a post singularity world that particular metal will be
>> significantly more valuable than iron. Iron is much more common than gold
>> but iron is also much more useful than gold.
>>
>> John K Clark
>> See what's on my new list at  Extropolis
>> <https://groups.google.com/g/extropolis>
>>
>>
>>
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