X-Message-Number: 5518
Date: 01 Jan 96 11:09:45 EST
From: yvan Bozzonetti <>
Subject: Society's collapse

In message 5481 P. Merel writes:

> If Hanson is right to think of "global systems
>collapse" occurring around 2020-2030, perhaps we should pay more
>attention to where and how to ride out the storm? Or are there good reasons
>to think that nanotech will flower before this? Is 2020-2030 too pessimistic?
>Opinions?

The first "industry" in the world is speculation on the foreign exchange market
(Forex for short). It moves $ 6. 10^11 every day on the London place and $ 4.5
10^11 on both, New York and Tokyo. The bulk money on that market is $ 4.5 10^12
growing at 20 percent/ year. In ten years from now it will overcome the  $ 3.5
10^13 world gross product. Clearly this is not possible, so there will be a
major economic collapse before 2005. The fate of USSR gives us a taste of the
years to come.

		Yvan Bozzonetti.


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