thisally responsible for augmentation, this exacerbation of inequality that has caused, in combinationnd incomplete recovery, that has caused this middle-class stress and edginess around the world, which has led to some political fringe parties and fringe thoughts populism. , so after nine years of this artificial levitation on the part of financial assets, high-end real estate, art, the things that rich people buy. what we have today is a global financial system that is just about as leveraged, and in many cases more leveraged, than before 2008. and so -- and i do not think the financial system is more sound. i do not think the fixes that have been put into place have actually created a sound financial system. so i do not believe the confidence is justified in policymakers and in central bankers, and the fact that confidence has not been lost up until now is, is obvious. but if and when confidence is lost, i think it could be lost in a very abrupt fashion, causing conceivably a ruckus in the bond market, stock markets, and in the financial institutions. ♪ david: you have given a lot o

perhaps you could add nukes as well and of course thisall makes sense in con sal -- consolidation. it gives the best example andthe formation that russia has not changed since the break up of the soviet union. they had exercises already in 1973. but what is differentfrom times of 81 and 84 the only element i see what has changed since then is the location of front ine. instead denmark and we have now thebaltic states and poland as ront linked nations. it was a veryinteresting paper who is now of u.s. navy. in 1983 he was a student at themonterey school researching security aspects of the baltic sea. thattime he stressed that since the end of world war ii had a clear strategicadvantage. this created a situation where they are waiting nuclear war.what is most striking is he fact that every nation gave o securityenvironment 34 years ago feels as if it were written yesterday. heconcluded, and i gloat him here. he alliance must rid itself of the ideathat any defensive response perceive as provocation by the kremlin.they an constitute to aggression. this was written in 1983. hardly anyth

take thisal is to data and learn something new human psychology or human behavior. one of the byproducts of doing this is i will produce models that take your jewel footprints and we will try to predict your future behavior. maybe your psychological traits, politicalrsonality, views, and so on. what was shocking to me when i started working in this field, is how accurate those models are. shockingne thought -- thing. they are also very difficult to interpret. i know a computer can predict your future behavior. reveal or determine your psychological traits from your digital footprint. it is very difficult for a human scientist to understand how exactly the computer is doing it, which brings me to this black box problem. which basically means, it might be human psychologist, scientists, would be replaced one day by ai. you basicallye, have those models we don't really actually understand very well how they do it. they are amazing at predicting your future behavior, your psychological traits, and so on. i worked with facebook likes quite a lot, not because facebook lik