ARTIFICIAL INTELLIGENCE AND ‘UNCONDITIONAL FREE MONEY’

OLIVER HEYDORN REPORTS:
Well, even Obama is now talking about some of the key Social Credit issues, albeit within the context of a (probably conventional) 'universal basic income'. He anticipates that the UBI debate will take 10-20 years ... The re-inventing of the SC wheel, bit by bit, continues slowly but surely.

Chris Weller, in Business Insider Australia Oct 13, 2016, has reported:
President Obama: We'll be debating unconditional free money 'over the next 10 or 20 years' - Speaking with Wired Editor in Chief Scott Dadich and MIT Media Lab Director Joi Ito in a recent interview, President Barack Obama reaffirmed his belief that universal basic income will get harder to ignore in the coming decades.
UBI is a system of wealth distribution in which the government provides everyone with a standard salary, regardless of income.  The money comes with no strings attached. People can use it however they choose, whether it’s to repair a leaky roof or go on vacation. Advocates claim the system is a smart and straightforward way to lift people out of poverty.
A growing body of evidence suggests such a system may be necessary if artificial intelligence wipes out a huge chunk of the jobs currently performed by humans. That is the future President Obama wants to avoid, and also the one that he says merits a debate on basic income.
“What is indisputable … is that as AI gets further incorporated, and the society potentially gets wealthier, the link between production and distribution, how much you work and how much you make, gets further and further attenuated,” Obama told Dadich and Ito…”
Read further: http://www.businessinsider.com/president-obama-basic-income-debate-2016-10
 
 

ON THE CUSP OF A SEVERE STOCK MARKET CRASH?
IS THIS WHAT WE IN SOUTH AUSTRALIA ARE HEADED FOR?