Topic: What should you learn so you never get affected by a economic crises ? (Read 603 times)

If we are managed to find the complete AI system then no such things were really needed, the machine itself can do the necessary thing because it has its own thinking power and the system can create more of such machines without need of humans or at least lot of them so AI is going to be a benefit thing for the company but for the economy it is not going to do much things but people will lose their jobs if we have AI on every field.

I agree with you. We’re still far from completing the development of an AI. AI has a lot of use, no doubt. From speech-to-text, searching the internet, automatic vehicles, and more. It has its advantages and disadvantages. It’s convenient to use, however it’s still prone to error and needs fixing and maintenance from humans. It still needs human interaction as well. It can’t operate on its own without powering it by a man.

Economy could either boost and decline depending on the situation of the country. And we would always be affected by economic crisis even in the slightest way possible whether we like it or not.

Sure, technology and innovation can somehow make our lives easier and comfortable during an economic decline, but it does not guarantee we won’t feel the impact of it.

During this pandemic, even America and other countries with advanced technology still suffers from the covid-19 outbreak. You see, we can’t really be “crises-proof” but we can minimize the effect this to us.

A lot of people have been learning about AI as of recent , and it seems to be a good area of tech engineering to get into.
Mreover, no matter how good and perfect these AI's or robots seems to be, they are still machines and machines will always have fault no matter what, there are time they will reach and they will get weak and spoil, it will always require a human being that’s skilled in that area to fix them up or create new ones, so AI cannot take up every space.

Other good skills that I would recommend people learn are software engineering, writing, and every other kind of jobs that can be done online and remotely.

I think it was impossible not to get affected by the serious effect of an economic crisis most specially if you do belong into a third world country that have been struggling to rise up its economic status for it was almost using up all the possible resources to gain funds for the sake of supporting its people. That idea was easy to say if you do belong into countries with rich economy that can cater the existence of modernized advance technology to have robots and machines to support working out for their economy.

Even we are right up into the stage of modernization, still there are lots of countries that cannot get along with the advancement making them seriously affected once an economic crisis rise up. It was indeed a good idea to have AI robots and advance machines to lessen the effect of economic crisis but remember the maintenance and support to keep it working do also came from human effort.

There are still certain things that humans only can and robot cannot and vise versa. There is still individuality between the two parting their existence so the possibility of humans to be obsolete like the one's who is in the video attachment by the OP.

Before the pandemic, things were looking great for the economy. No major economic crisis after 2008, stock markets at an all time high, wages stable or rising (although not nearly enough), low long term unemployment... All these serious indicators were looking great. But as many economists had predicted, economic crises are coming under a seasonality. Be it man made, or coming from a distastes. Disasters, pandemics and all things of consequence that are out of our control, also have their seasonality. So there's no chance in the world that we're going to have a stellar economy running on its own perpetually.

As much as anarcho-capitalists like to deny it, the recovery from crises in the financial system can't be fast tracked without some level of central organization. The things an individual can do to be less affected by economic crises would look petty in front of how much assistance a state mechanism could provide towards recovery. So long as we're living in an economy with FIAT money, the state will be needed to help the economy recover.

On the individual level, you can't really do much. Yuu can reduce your exposure to systemic financial instruments, but then you're severely limiting your potential to invest. Bitcoin is one alternative, gold too. But these assets don't have the same potential for growth during times of relative stability.

And another thing is, that crises can come from different things. It could be bad handling of debt in one country (see Greece), perhaps bad monetary policy in a union (see E.U. post 2008), bad moves from the banking system (housing crisis) or even from something like a virus like now... There's no universal solution. For example, the next thing to affect the economy could be climate crisis, from which we have no idea how to adjust the economy. 

Just got done watching that video and remember having watched it quite a few years ago ( stumbled upon it on some rabbit hole deep dive ).  That said, there is no way to "never get affected by a economic crises".  Sure you've got your super rich and they're not affected like the majority of us are, but they still are and most often in a negative way. The every day "man" often has little control of these things, if none at all.  You can prepare in many ways but that doesn't mean you want feel the affects when shit does hit the fan.

We definitely should put efforts in our innovations but we also forgot that this crisis should help us shape us as an individual, we always innovate technology for the benefit of many that we forgot ourselves, try to improve as an individual first before anything else, your body is your shot at everything. We also should learn how to handle our finances really well because when another crisis arises, things will go south real quick because we didn't improve.

To be ready for all sorts of crises, in my opinion, you need not only to postpone some material values but above all always try to keep up with the times. Any crisis tells us that we must constantly improve. Since specialties related to IT technologies and programming are so popular today, it means that we need to develop in these areas. And of course, in any crisis, you need to slow down your appetites and act wisely with your expenses.

Human effort is not enough in any organization , thank God for many technolog put in place to boost most economy, such as, computer engineering,  IT, Electronics device, mechanical graphic design and language translator etc.
This pandemic has cause many people realize technology is good for humanity.

Already some countries started to roll over this, no more pension plans, you will get paid until you work and also the retiring age is going to be reduced a lot due to unemployment increase, a company can pay 3 or 4 beginner employer with the same salary amount which is going for one experienced employee with the same skill set.So humans have to start their savings in their 20's if they want to live their life or else no one can help us.

not yet but your kids will have problems ... also if your in your 20's - 30's say good bye to your pension plan...as less human workers means less taxes ...

Remembering the movie Irobots on which robots itself making more robots so if we are that much developed in artificial intelligence technology then humans are no more needed to do anything, but we are still too early in the artificial intelligence so we don't need to give much importance to them for now.

When you are talking about economic crises there is two type of them that you could either save yourself from or you have nothing you can do about. First of all if you are talking about something like 2008 when a bubble burst, you could always try to save yourself from that by having crypto and gold and even real estate because even if the values drop, you would always have a steady income from them and will recover eventually to a much better place a lot faster than stocks.

However we had a pandemic which I am not sure if anyone can recover from, online casinos seemed to be making a lot more profit during this period, maybe you can invest into one of them, but it looks like the best thing would still be real estate, even if they lose value they gain it back a lot faster than anything else.

It's true that technological advances make robots / AI able to do some human work. This is threatening human life,
because several countries have started employing robots. And business owners have also chosen to use robots instead
of hiring human. Therefore the only way to make ourselves useful is by having skills that other people don't have
or even robots / AI can't copy you. That way we can survive the current economic crisis.

The thing that you should learn for you not get to affected in the economic crisis is to learn to grab every opportunity and take the risk that you think it will help you to have good income. Because for you to survive and achieve your goals in life, no matter what will be the outcome, we still need to make process, grow, and be confident for us to have a better future.

You think of a computer as a highly advanced calculator, and you would be right if computers were only about that. But things change dramatically when we start to talk about a very specific kind of computers, i.e. artificial neural networks. They replicate in metal how human mind works, and given enough nodes (neurochips), number of connections and signal speed, they will be able to do any task that a human being can potentially do. They could even "think" without being aware of the entire process (though who knows)

And then our days are numbered

The computer cannot do anything, it is an inanimate object and is turned on by humans.

Computer is a tool that has been formulated/programmed to describe and perform arithmetic work, which humans are unable to accommodate all data, information.
Computers can be said to be an electronic device to help humans, there are some parts that humans make basically; memory, control unit, (ALU), that's what works to determine everything.

So, in essence a computer is only a tool that is controlled by humans, without a human being a computer cannot do everything.

Most certainly, that amounts to flushing money down the pipe

What you and your little bro should really stack up is knowledge, skills, family, health, friends, community in general (aka being a good Samaritan). Ironically, you don't even need money for that (though you may need it to, say, fix your broken health, with varying results). These are the most valuable things, but to acquire them you should continually exert yourself, both physically and mentally. In any case, in a real worst case scenario ("everyone for himself"), all these foods will be quickly taken away by ruthless gangs. But if stacking up canned food gives you peace of mind, which seems to be the case here and elsewhere, then definitely go for it

Humans are afraid of risk, sometimes risk is the key that open success to every business man in the world. Determination can keep you up in winning in economic situations.

Well, there is two different style of saving aside. First of all if we are talking about prepping like these guys in the picture, canned goods are not that expensive, you can get couple each time you buy for your groceries and usually they can last very very long, like 90 years type of long if you pick right ones, so you can really stack up very quickly for that. All the other things could be acquired very slowly, you do not need to be ready next year, you can take this as long as possible and never use it unless you absolutely have to and can't find anything else.

But if we are talking about money, there is no small amount that is too small, you can always just focus on making an effort to put something, doesn't matter how much, put 10 bucks aside per month if you have to but always do put up something. It will stack up to be something.