Three big global risks over the next decade, imo:

1. Insufficient energy security. Politicians pointing the direction for technology rather than technology itself leading the way.

2. Sovereign debt crisis combined with lack of establishment/institution credibility.

3. Widespread disregard for objectivity, combined with AI making it harder to verify what is true. Descent into tribalism.

In history, when existing institutions and power structures become antiquated/corrupted and are replaced, it's a highly vulnerable period for society. The shields are down.

What gets built in their place during that highly flexible period can be far better or worse. The tails of possible outcomes are fatter than usual.

The first two risks (severe energy and currency mismanagement) harm the remaining credibility of existing institutions and power structures and likely lead to their eventual demise.

The third risk affects the probabilities for what the new institutions and power structures will look like, in terms of being better or worse than what came before. It also affects the smoothness or severity of the transition from the current system/order towards the next system/order.

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Nuclear war aside (since that's basically an ever-present #1 risk), what do you think the biggest global risks/challenges are over the next decade?

Carbon hysterics trying to enslave everyone in the name of their religion “Mother Earth” where mother is the state and they all wanna suck on the tit that you have to pay for with your taxes while they take away all your freedoms and possibilities. That and Manchester City winning the champions league with Haaland 🤦🏻‍♂️

I'll take a nuke over that shit. A nuke doesn't try to pretend it is anything but nuke, but this climate shit is rough medicine to swallow.

You and me brother. Give me liberty or give me death.

Eat the bugs , I will not.

lol

Fuck Schwab , if he comes within range of me I'm gonna dance on that baldy pricks neck.

They all clowns

Eat my balls commies 😂 They taste like beef, your fucking kryptonite 🤣🤣🤣

🦬💨

I think the reluctance to secede control from the existing and increasingly defunct governance structures could lead to huge issues. Basically people doubling down rather than moving with the trends.

1) break down in the trust of institutions. 2) People not understanding any of the risks you set out above

A degradation of the wealth infrastructure.

Extremism on both sides. It will be a decade of division and intolerance. Trust in everything is broken. Time will tell how it all plays out.

Sowing division is the plan, and people are too stupid to realize what these arsonists are doing.

Stupidity

Catastrophic cyber events as mentioned by Jeremy Jurgens during WEF AM.

“Geopolitical instability makes a catastrophic cyber event likely in the next two years” — Jeremy Jurgens, WEF Annual Meeting, 2023

https://sociable.co/government-and-policy/catastrophic-cyber-event-likely-two-years-wef-meeting-davos/

Food security.

Aging population vs. declining birth rate.

I think you nailed it with your first three already.

One I’ll throw in that not many people talk about, perhaps because it could easily lead to bans on other platforms - the inevitable pendulum swing hard right leading to violence from young men.

Social and economic conditions are leaving young men with very little opportunity and meaning to pursue.

When it was milquetoast Jordan Peterson telling young men to make their bed and get their own shit together it was fine. Then it was Andrew Tate telling young men that they’re not special and they have to go and be more extreme it’s already very borderline. Who comes next and what is the evolution of that messaging?

If there is no purpose for these young men and the parasite class continues to demonise them, then society at large should expect them to react.

But they’re not going to react by signing up for the military to direct that energy fighting wars abroad for their countries - they won’t seek to serve the very people who screwed them - they will be looking to turn that violence inwards to the society which left them with nothing.

Violent right wing pendulum swings with disaffected young men will come this decade and they’re going to be scary.

One thing that you might consider Lyn, the emergence of decent AI has really introduced a lot of uncertainty in the near and medium future (much more so than usual), and this likely makes it a lot harder to achieve a market consensus that truly represents reality.

There are a lot of divergent hypotheses out there, and that should make all funding more expensive for everyone. However… conviction is sky high! So funding is actually cheap, too cheap.

It’s quite likely that most people get rekt.

People are extremely confident about predicting first order disruptions of AI, but those will immediately be made obsolete by second and then third order disruptions.

A tiny group of people (maybe 5 people?) might emerge from this, owning absolutely everything.

Psycho politicians. All else is fixable.

The continued rise of processed food, destruction of nutrient dense fertile soil, and AI / Automation displacing the global workforce.

The growing number of people getting dumber and easier to be manipulated.

Food security. Multiple concerns here, but consider corn monoculture and hot arid summers drawing down the aquifers. It’s fragile.

authoritarian ideology

AI is a concern as much as its exciting. Concerns are two-fold.

One we don't quite yet understand it fully and hence no control or idea on its direction. For example, the mechanistic interpretability research tries to find how LLMs do what they do currently. But those are happening after the fact and running slower than the innovation thats moving it forward.

The second would be the impact to society. This is one of the top most disruptive technology ever. For sure, it will displace a lot of jobs. Its hard to imagine how it would replace humans completely because you would see that there is a human required in the loop. But, if a company used to do a task with 6 people, probably it will be reduced to 2 people with increased productivity provided by AI. Those 4 jobs will be lost. If this happens wide enough, will the newer jobs created by AI be big enough to replace the once lost due to AI?

Human stupidity and not adopting Bitcoin reasonably fast enough, this is why I think we should focus much more on Bitcoin education across the world/places that needs it the most, and not in the fiat manipulated price noises.

Man doesn’t live by bread alone. Humans have the ability to look up towards the sky. Animals don’t and they live by bread alone. But still we choose to live like animals. Deal with your Karma and perish. Satanic Kingdom is inherited by those who chose to be here for a purpose. What was that purpose? Look up to the skies.

I have 22 years of operational risk management experience

The biggest risks that impacted us were those that we NEVER predicted

The future depicted in the movie 'Idiocracy' becomes a reality.

Differentiating what's real vis a viz AI.

1. Terrorists releasing bioweapon.

2. Collapse of financial system.

3. Great Reset (see #2)

4. Govt deploying killer robots against population (see #3)

5. General social unrest and revolution due to energy concerns

6. Big Pharma

Extreme surveillance and censorship of the internet, especially if it comes to mandates of ISP level filtering. AI-powered disinformation by the governments. IMF requiring ban on Bitcoin from member countries maybe (you probably know way more than me about the power dynamics etc. regarding that. If it could happen, Bitcoin would of course still work (except where and if blocked by the ISPs of said countries, maybe - even if I know a bit about networks, I'm no expert), but I would assume the value would fall drastically due to the severely reduced market).

While none of these things are lethal in themselves, second order effects will be - police violence, suicides, etc. and if considering opportunity cost-type effects, deaths that could have been prevented by the advancement of society.

AGI -> ASI but likely noone knows or even suspects when it would come

Another pandemic

Maybe it fits under energy, but I think the main topic is going to be calories and many (especially southern) countries not importing enough of those to sustain population.

Maybe if the IMF lifted it's foot off the global souths neck they might be alright.

I’m reading Luke Gromen’s first book. It pairs well with this post.

No AI-overlords accidentally wiping out everything?

I think globalist are, indeed, attempting to destabilize world order with attacks on energy and monetary systems. Look at the WEF agenda. Europe looks most vulnerable, short term. But will tribalism result? Or will the sheep follow a dictatorial supranational leader, promising salvation?

Covid was proof of how easily people will roll over.

Totally agree with you, history always repeats itself because we never apply the lessons

Technology is advancing faster than people expected, all the projections that said within 10 or 20 years can already be carried out in 5 or 8

Although I think that worrying about OS we are not going to solve everything that comes to us soon

My opinion in this regard is that each one should focus on being prepared for that moment.

The economic crisis will be terrible, luckily we have #Bitcoin

Thoughts on (3) leading to potential state secession in the USA? I guess (1) also poses that risk too…

The third risk is what’s on my mind recently. We’re seeing enough tribalism and division already what happens when no images, audio, or video are considered trustworthy, and AI troll farms can spew propaganda orders of magnitude faster than fact checking.

We’re going to need chain of custody for recordings or will soon be impossible to agree on what its fact and what is fiction…

Also relating to the third point, I'm worried about the potential for feedback loops of false information getting created. AI generates some inaccurate text which then gets amplified by AI, etc., etc.

Yeah, I just murdered an AI spewing the garbage that was put into it. We will overcome.

I would add to the list:

- Food security

- Access to clean water (in certain parts of the world)

Really appreciate your insight Lyn, thank you.

gonna be super disappointed if that fake alien invasion doesn’t happen.

Well, that's the most terrifying thing I've read in a long time🙄

This is going to be an awesome decade don't worry about we will have fun while the world burns

I don’t know what the main risk is, but I do know this calls for a new cultural enlightenment. We have to elevate our conversations and resist the urge to become numb and nihilistic - or to turn to substances to numb ourselves.

I agree, but i will still do some drugs. It gives me an edge on the AI.

I have no problem with people doing drugs in principle. I'm drinking coffee right now. It's using drugs as the means to escape reality.

I use them to enhance reality. The coffee you're drinking right now has probably prompted you to take a shit in the last few minutes. That's a drug that can make you do things on command. Be in control. Do good drugs.

🤙

The tribalism is already underway. People are being forced to choose a side. During the French revolution, it was the moderates in the middle that got disproportionally executed. Social disorder and chaos invite a strongman to restore order through mass violence - Napoleon, Hitler, Stalin and Mussolini to name a few. The losers were pacified and eliminated.

Bitcoin is economic Plan B, but hedging personal risk needs to be evaluated. There is a reason that more than 22 billionaires (including Zuck) have places on Kauai. New Zealand is also popular. Larry E owns an island with 4,000 residents. Not saying .... but, it's nice to have a big ocean as a buffer.

I like that good AI is here and getting even better. My take is that competing AI systems will "fact check" each other through almost real time filtering systems to screen and flag what you see/read. Let multiple AI systems validate content for those that want freedom from AI driven propaganda control systems. Humans won't be able to do it on their own.

AI systems anchored in Bitcoin security would be a great way to protect these systems from becoming exploited and corrupted by human power structures. We already see this dichotomy in the outputs from Google's Bard and OpenAI's ChatGPT. Just having one powerful and neutral Bitcoin anchored AI system may keep the government and private sector AI's more honest.

The near term looks precarious because of how easy it is for things to seriously go off the rails. I am a tech optimist for 10 years out. There will be huge progress in multiple fields which will combine with modernized institutions to create a more durable social structure. It's just the next few years that are going to be dicey imho.

Another big risk is double-digit inflation which will grow at a much faster rate than salaries do. Historically, inflation peaked at 20.1% in 1947 due to wartime shortages of goods in relation to income

Completamente d'accordo! Soprattutto con i punti 1 e 3... Ne parlavo giusto ieri sera con degli amici.

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Thank you Lyn.

Lynn, I saw you on Hedgeye this past week. Great interview. You had Keith struggling to keep up!

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