EFTA02460627.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, June 1, 2016 3:24 PM To: Raafat Alsabbagh Subject: Fwd: Forwarded messag= From: jeffrey E. <jeevacation@gmail.co= <mailto:jeevacation@gmail.com» Date: Wed, Jun 1, 2016 at 11:11 AM Subject: To: =effrey Epstein <jeevacation@gm=il.com <mailto:jeevacation@gmail.com» In 1998, Kodak had 170,000 employees an= sold 85% of all photo paper worldwide. Within just a few y=ars, their business model disappeared and they went bankrupt.Q=A0 What happened to Kodak will happen in a lot of industries in the=next 10 year s- and most people don't see it coming.Very few =f us thought in 1998 that 3 years later we would never take=pictures on paper film again? Yet digital cameras were invent=d in 1975. The first ones only had 10,000 pixels, but followed an=exponential law of cheaper and cheaper production.. So as with all =xponential technologies, in the beginning it was a disappointment=but then after some time it became way superior and got mainstrea= in only a few short years. It will probably happen with Artifici=l Intelligence, health, autonomous and electric cars, education, =D printing, agriculture and jobs. The 4th Industrial Revolu=ion. Welcome to the Exponential Age. Software will most likel= disrupt most traditional industries in the next 5-10 years. =ber is just a software tool, they don't own any cars, and are now the=C24› biggest taxi company in the world. Airbnb is now the biggest hote= company in the world, although they don't own any properties= Artificial Intelligence: Computers become exponentially bett=r in understanding the world. This year, a computer beat the best=Go player in the world, 10 years earlier than expected. In the US= young lawyers already don't get jobs. With - IBM Watson,one=C240 can get legal advice (so far for more or less basic stuff) =ithin seconds, with a 90% accuracy compared with a 70% accuracy w=en done by humans. There could be 90% less lawyers in the =uture, hopefully as i hate the all .- only specialists migh= remain. The computer Watson already helps nurses diagnosing cancer, 440=A0 EFTA_R1_01566228 EFTA02460627 time more accurate than human nurses. Facebook now has a pattern...AO recognition software that can recognize faces better than humans. In=2030, computers may become more intelligent than humans. Electric cars will most likely become mainstream by 2030. =ities will be less noisy because many cars will be electri=. Electricity might become incredibly cheap and clean: Solar prod=ction has been on an exponential curve for 30 years, but one can =nly recently, begin to see the impact. Last year, more solar energy=C2. was installed worldwide than fossil. The price for solar will dro= so much that many coal companies will be out of business by 2025= Health: The Tricorder X price will be announced this yea=. There will be companies who will build a medical device (called=the "Tricorder" from Star Trek) that works with your ph=ne, which takes your retina scan, your blood sample and you breat= into it. It then analyses 54 biomarkers that will identify nearl= any disease. It will be cheap, so in a few years everyone =ill have access to world class medicine, nearly for free. 3D printing: The price of the cheapest 3D printer came down from $18,=00 to $400 within 10 years. In the=same time, it became 100 times faster. All major shoe companies s=arted 3D printing shoes. Spare airplane parts are already 3D prin=ed in remote airports. The space station now has a printer that e=iminates the need for the large amount of spare parts they used to have in the past. At the end of this year, new smart phones =ill have 3D scanning possibilities. You can then 3D scan your fee= and print your perfect shoe at home. In China, they already 3D p=inted a complete 6-story office building. By 2027, 10% of everyth=ng that's being produced will likely be 3D printed.Q=A0 any idea designed for success in the 20th century is doomed in t= failure in the 21st century, this is why i think the present financial pl=n needs a rethink, Agriculture: There will probably be = $100 agricultural robot in the future. Farmers in 3rd world coun=ries can then become managers of their field instead of working a=l days on their fields. Aeroponics will need much less water. The=first Petri dish produced veal is now available and will be cheap=r than cow produced veal in 2018. Right now, 30% of all agricultu=al surfaces is used for cows. Imagine if we don't need that s=ace anymore. There are several startups who will bring insect protein to=C24> the market shortly. It contains more protein than meat. It will b= labeled as "alternative protein source" (because most =eople still reject the idea of eating insects). Ther= is an app called "moodier" which can already tell in which mood=you are. By 2020 there will be apps that can tell by your facial =xpressions if you are lying. Imagine a political debate where it&=39;s results are being 2 EFTA_R1_01566229 EFTA02460628 displayed when the candidates are talking..C2* Longevity: Right now, the average life span increases=by 3 months per year. Four years ago, the life span used to be 79=years, now it's 80 years. The increase itself is increasing a=d by 2036, there will be more that one year increase per year. So=we all might live for a long long time, probably more than =00. Education: The cheapest smart phones are already at $10 i= Africa and Asia. By 2030, 70% of all 'people will own a smart ph=ne. That means, everyone has the same access to world class educa=ion. Every child can use Khan academy for everything a child lear=s at school in First World countries. <=pan style="font-family:HelveticaNeue" lang="EN-US"> Raa=at , the biggest change however will be in the world of money.=C2. The world of currencies HAS NOT changed in fifty years.=C24, it lags behind the rest of development. There are a few =ew 21st century digital currencies , however , taken together they o=ly currently total a few billion dollars . Mohammeds vis=on 2030 , is bold and has many laudatory goals. It=is truly a vision , rather than a fantasy. However =, the financial methods considered , are somewhat last century= The idea that your country will raise Bonds in the publ=c markets is not thoughtful. Though Qatar did it recentl= , the market views it as a sign of weakness , not as a sign of fina=cial strength. Mohammed needs to be exposed to more forw=rd thinking. Mckinsey , Goldman and the investment banks are somewha= like dinosaurs. I suggest two mai= pathways, The bold move w=uld be for Saudi to create a complementary , currency to=the current one. It would allow much more flexibility, creativty ,ex=hangibiliyt at almost zero cost.. for ex. SDR s were c=eated by the IMF years ago. it was the first complementary world cur=ency, ( more details if you need them ) food stamps alone in the US=is an 80 billion dollar per year, complementary currency, 80 billion=per year. it is a currency that can only be used to buy food.=C2* Saudi might consider having a new complementary currency=based and backed by its oil At the moment Saudi like th= rest of the world is held hostage by the US banking system.=C2* dollar reserves dollar based accounting etc. . The=computer revolution has disenfranchised most institutions retail sh=ps. music shops. clothes stores, stock brokerage firms etc. =he next institution to be modified is central banks etc. Q.A0 Saudi could be out front of this, and be seen to be truly 21 century, =C24> I will send you more on this later.Q=A0 I have other things on my mind , en shalah <=span> 3 EFTA_R1_01566230 EFTA02460629