While the Mexican military spends its time supporting human and drug smuggling into the American Southwest; on the other side of the world North Korea has lined up tanks to stop its impoverished people from escaping. Thats the difference between two superpowers, the new strong
India is building a new 62-billion-rupee (US$1.02 billion) mountain strike corps to counter China along the China-India border in the northeastern part of the country, according to a report from the New Delhi-based Hindustan Times. The report said General Dalbir Singh Suhag, Chief of the
Shanghai Daily OFFSHORE investors are rallying behind China’s undervalued equities by plowing billions of dollars into Hong Kong’s exchange-traded funds denominated in the yuan currency. As a scheme to allow more foreign inflows into Chinese stocks draws near, fund managers are wagering on a sustained
Dan Collins CMR An article appeared in Bloomberg several days ago that cross-border investment outflow from the U.S. hit a new record as China and Japan reduced their holdings of Treasuries and private investors abroad sold bonds and notes. June had a very strong sell
Want China Times Japan is reportedly considering selling arms to members of the Association of Southeast Asian Nations in response to China’s growing influence in the region and aggressiveness in asserting maritime claims. Tokyo has decided to hold a seminar late September to meet diplomatic
According to the South Korean, “Chosun Ilbo” news outlet, North Korea has recently published a new batch of 5,000 Won Currency notes with the portrait of the “Dear Leader Kim Il Sung. The North Korean press stated that the new notes were not intended to
Industrial production in Italy is down to 1980 levels. Its GDP has collapsed almost 10% back to the year 2000 level. That won’t stop policy makers from fixing the GDP numbers. Just add in drugs, prostitution, and arms trafficking.
Dan Collins CMR The purge continues. Communist Oligarchs continue to battle it out in the worlds largest nation. Billionaires and millionaires are falling by the minute. If your on the wrong side of Premiere Xi Jinping then your on the run. And unlike Russian oligarch
Dan Collins CMR China breaks a record in drone development with its Blue Arrow 7′s in being able to keep the drones in flight for 30 hours surpassing the U.S. Hellfire drone program. Australian defence experts are screaming that the new U.S. F-35 strike fighter,
China is on pace to take over the drone space has it develops lower cost and technically more sophisticated drones. Want China Times China has broken a record in its drone development by successfully keeping a civilian unmanned aerial vehicle aloft for 30 consecutive hours,
Lingerie decorated with gold has grabbed the attentions and spotlight in various shows in China. Jewelry shops hired models wearing gold-decorated lingerie sets for their opening ceremonies and promotional activities.
Source: Xinhua | August 10, 2014, Sunday THREE Chinese disease control teams will travel to Guinea, Liberia and Sierra Leone to help the fight against the deadly Ebola virus, the National Health and Family Planning Commission said yesterday. It is the first time that China
Oh man…if things were not tense enough before in Xinjiang, get ready. China unveils a new innovatiave plan to fight Islamic extremism..limit their birth rate. Next stop….primae noctis. Bloomberg Xinjiang Chief Signals New Curbs on Births for Minorities China plans to adopt the same family
Dan Collins CMR Printing money can’t save an economy and spending money won’t win the next war. Despite the gloomy production statistics of the U.S. economy such as the loss of 65,000 factories in ten years, or 1 out of 2 households now getting a
While the Mexican military spends its time supporting human and drug smuggling
into the American Southwest; on the other side of the world North Korea has
lined up tanks to stop its impoverished people from escaping.
Thats the difference between two superpowers, the new strong and growing power,
China , gets respect from its neighbour. On the other hand, the United States is
a crumbling joke that now only exists to rip off what’s left.
It is estimated there are now 80 tanks on the border with China as well as the
North Korean coastal patrol with boats patrolling the Ya Lu River trying to
stop refugees fleeing the North.
India is building a new 62-billion-rupee (US$1.02 billion) mountain strike corps
to counter China along the China-India border in the northeastern part of the
country, according to a report from the New Delhi-based Hindustan Times.
The report said General Dalbir Singh Suhag, Chief of the Army Staff of the Indian
Army, is set to visit the Kolkata-based Eastern Command before the end of the month
to track the progress of the new 17 Corps, which is being set up to counter China’s
reconnaissance and intelligence along the 4,057-kilometer Line of Actual Control
(LAC) between the two countries. The corps is likely to be operational by 2022,
the report said, adding that it is expected to reduce China’s combat power
advantage over India from the current ratio of 3:1 to 2.1:1.
Singh, who recently completed a tour along the the disputed LAC in the sensitive
Ladakh area of India-controlled Jammu and Kashmir, has also served as an inspector
general in a covert China-centric unit comprising Tibetan soldiers called the
Special Frontier Force, the report added.
Additionally, India is seeking greater opportunities for defense cooperation with
the US in the development and production of modern weapons systems, the report
said, though plans to buy 145 BAE Systems M777 ultra-light howitzers from the
US for the 17 Corps have stagnated due to the high cost.
The Tribune, another English-language Indian daily newspaper, has also reported that
India is ramping up military defenses in Jammu and Kashmir after Beijing “ringed the
area” with six airfields, fighter jets and special forces. As part of the movie,
New Delhi will reportedly move an armored brigade of 150 T-72 tanks to Ladakh and
deploy Smerch multi-barrel rocket launch units — which are capable of hitting targets
70-80km away — at key locations.
The Indian media reports were published shortly before new claims that Chinese troops
crossed what New Delhi perceived to be its side of the LAC before entering 25-30km deep
into in Burtse area of north Ladakh on Sunday. India reportedly despatched a quick
reaction team to the site but the Chinese troops refused to budge. A spokesperson
from the Indian army downplayed the incident by saying that there are areas along the
border where India and China have differing perceptions of the LAC.
Zhao Gancheng, director of the Center for Asia-Pacific Studies at the Shanghai Institute
for International Studies, told China’s nationalistic tabloid Global Times that India’s
bolstering of defenses along border comes as no surprise. Due to significant differences
in perception over the LAC, Chinese and Indian troops have had many confrontations in
the area in the past, Zhao said, though it is clear that recent actions from New Delhi
are not in the interests of Sino-India relations.
OFFSHORE investors are rallying behind China’s undervalued equities by plowing
billions of dollars into Hong Kong’s exchange-traded funds denominated in the
yuan currency. As a scheme to allow more foreign inflows into Chinese stocks draws
near, fund managers are wagering on a sustained rebound for the Shanghai Composite
Index after a prolonged four-year slump has opened up opportunities to buy on the
“There were some switchings from markets where fund managers had gained positive
returns to places that they thought there could be more opportunities, and China
was to be one of them,” said Jackie Choy, an ETF strategist at researcher Morningstar.
ETFs under the Renminbi Qualified Foreign Institutional Investor posted significant
net inflows of 8.2 billion yuan (US$1.3 billion) last month, the highest since
December 2012 and nearly doubling from June, Morningstar data showed.
The majority of the net inflows went into the CSOP FTSE China A50 ETF, which
attracted an estimated 6.8 billion yuan, followed by the Bosera FTSE China A50
Index ETF, which drew around 2.4 billion yuan.
A strengthening of the yuan, which has gained 2 percent from 18-month lows hit
in April, and a recovering economy, have also helped draw foreigners to these
ETFs, analysts say. Launched in 2011, RQFII enables financial institutions to
use offshore yuan to invest in the Chinese mainland’s securities markets.
Foreign investors, who cannot directly invest in mainland equities, have eagerly
embraced the QFII and RQFII schemes to tap China’s onshore market. Chinese equity
markets were among the worst performers in the first half of this year.
The Shanghai Composite Index dropped 3.2 percent, while the US market rose
7 percent during the same period.
However, the A-share index has rebounded by nearly 10 percent in the past month
as investors prepared for the launch of the stock connect that is set to make a
debut in October and speculate on price convergence of dual-listed shares.
Yuan-denominated A shares are generally only available for purchase by mainland
Stock connect would allow mainland investors to trade shares in designated
companies listed in Hong Kong, and at the same time let Hong Kong investors
buy shares in Shanghai-listed firms.
Thanks to this surge in fund flows, the Hong Kong Monetary Authority has had to
intervene in the foreign exchange market in recent weeks to protect the Hong Kong
dollar’s peg with the US dollar. The total injection of funds was around HK$75
billion (US$9.68 billion) since July 1, a large chunk of it due to capital
inflows into markets.
“Market sentiment has started to change in the past two to three weeks and fund
managers are no longer that pessimistic about China,” Norman Chan, chief executive
at the HKMA, said last week. He was referring to the recent economic data suggesting
China may have arrested a sharp loss of momentum at the start of the year. The higher
appetite has also seen RQFII quotas being exhausted quickly in the past few months,
prompting fund mangers to apply for fresh quotas from China’s State Administration
of Foreign Exchange.
An article appeared in Bloomberg several days ago that cross-border investment
outflow from the U.S. hit a new record as China and Japan reduced their holdings
of Treasuries and private investors abroad sold bonds and notes. June had a very
strong sell off in Treasury bonds. The total net outflow of long-term
U.S. securities and short-term funds such as bank transfers was $153.5 billion,
after an inflow of $33.1 billion the previous month. The net selling of Treasury
bonds and notes by private investors in June, were the largest on record.
China’s holdings of U.S. Treasuries declined by $2.5 billion to $1.27 trillion in
the month. Year-to-date China has been a net seller of Treasuries to the tune
of $7.2 billion. Japanese treasury holdings also dropped $600 million to
$1.22 trillion for the month.
As the world walks away from U.S. Treasury’s the RMB continues to get stronger as
the Bank of China intervenes less and less in the FX markets to push its currency
The RMB today hit 6.1408 on Tuesday and continues to climb. Where will it go from
here? Keep in mind the RMB was a very strong 2.8 to $1 USD back in the 1990′s.
We are heading back to those levels as China balances out its economy from competing
on cheap exports to building a consumption and service economy. It will take until
2020 to get there but it will get there and the RMB will replace the USD as the
world’s major reserve currency. The world’s reserve currency today is the Dollar,
but it is backed by the world’s largest debtor with uncontrollable government and
trade deficits. Trade flows and global production patterns have gone East…the
financial system is following.. and the world reserve currency will follow.
Want China Times
Japan is reportedly considering selling arms to members of the Association
of Southeast Asian Nations in response to China’s growing influence in
the region and aggressiveness in asserting maritime claims.
Tokyo has decided to hold a seminar late September to meet diplomatic and
defense officials from ASEAN member states, according to the Tokyo-based
Kyodo News. Japan will seek to understand their requirements needs for
defense technology and promote its own defense products, the report said.
Japan has asserted that the vast swath of water from the Indian Ocean to the
South China Sea and western Pacific should remain boundless and free and
should not be under Chinese suzerainty, according to the Tokyo-based Sankei
Shimbun. The assertion and Tokyo’s view that international law should govern
the high seas instead of coercive force won support from the member countries,
it said, also claiming that Japan-made hardware, especially ships and
aircraft, represent attractive investments to ASEAN member countries.
Many of these Southeast Asian nations need arms and some are involved in
conflicts with China, said Hu Wenlong with China Military Culture Research
Association, an organization in association with the People’s Liberation Army.
If Japan offered long-term loans and preferential condition to sell large amounts
of military hardware to countries which have territorial disputes with China,
they would be likely to take a tougher stance in territorial disputes and
increase the risk of conflict, Hu said.
According to the South Korean, “Chosun Ilbo” news outlet, North Korea has recently
published a new batch of 5,000 Won Currency notes with the portrait of the “Dear
Leader Kim Il Sung. The North Korean press stated that the new notes were not intended
to carry out currency reforms or deal with out of control inflation. Instead they were
issued in order to increase the prevalence of the Dear Leaders portraits into society.
I guess that is the Hermit Kingdoms version of Quantitative easing.
Industrial production in Italy is down to 1980 levels.
Its GDP has collapsed almost 10% back to the year 2000 level.
That won’t stop policy makers from fixing the GDP numbers.
Just add in drugs, prostitution, and arms trafficking.
The purge continues. Communist Oligarchs continue to battle it out
in the worlds largest nation. Billionaires and millionaires are
falling by the minute. If your on the wrong side of Premiere Xi Jinping
then your on the run. And unlike Russian oligarch criminals which can
easily be found and protected in London, Chinese Oligarchs get no free
pass and must run over to Thailand , Los Angeles, Canada, or Vietnam making
the chase more difficult.
Today, Xinhua has reported that an international manhunt is underway as
an Interpol arrest warrant has been issued for the arrest of Liao Rongna,
a Chinese businessman suspected of raising billions of yuan illegally and
who has fled the country. Liao, 58, is the chairman of Zhengling Group, a
private auto and machine manufacturer based in south China’s Guangxi
Zhuang Autonomous Region.
Liao was once listed among the wealthiest individuals in China by Hurun’s
Rich List and has been based in Liuzhou, one of my personal favourite places
to visit over the years. I have actually worked with some of Liao’s companies
in the past.
Not only is Liao caught up in the chaos, his son has been arrested and his
wife, a former vice chairman of Zhengling is on the run.
Police have found more than 1,500 loan contracts worth 3.2 billion yuan in
Zhengling files during their investigation. People who have invested in
Liao’s ponzi funds will lose everything.
In July, the government campaign Fox Hunt 2014 began to track down suspects
of economic crime who have fled the country. A high ranking Public Security Chief
was quoted as saying. “Even if they are in the farthest corners of the world, we
will find them, seize them and bring them to justice.”
China breaks a record in drone development with its Blue Arrow 7′s in
being able to keep the drones in flight for 30 hours surpassing the
U.S. Hellfire drone program. Australian defence experts are screaming
that the new U.S. F-35 strike fighter, a $1 trillion dollar program,
would be clubbed to death like a baby seal if it was in a dogfight with
current Russian or Chinese jets.
A Canadian defence analyst just reported that China’s new CSS-20 ballistic
missile could take out all US military facilities in the Western Pacific.
Are we seeing a pattern here?
But thats not all folks…
China now plans to build 10 aircraft carriers.
Want China Times
PLA Navy set to build 10 aircraft carriers
To create its first blue-water navy, China plans to construct a total of
10 domestic aircraft carriers according to the Kanwa Defense Review, a
Chinese-language military magazine operated by Andrei Chang also known
as Pinkov, a military analyst from Canada.
After Admiral Jonathan Greenert, the US chief of naval operations, visited
China’s first aircraft carrier, the Liaoning, a refitted Soviet-era carrier
purchased from Ukraine, the blueprint of the nation’s first domestic carrier
is nearly complete, according to Kanwa. Greenert said China is speeding up
the construction of its second aircraft carrier and even predicted the vessel
will enter service in the near future.
Richard Fisher, a military expert from US thinktank the International
Assessment and Strategy Center, said China may have between four and five
aircraft carriers in active service by 2030. This number may eventually increase
to 10 in the next few decades. Greenert said, however, that the gap between US
and Chinese aircraft carriers is still large. While a US carrier is capable of
launching and retrieving 100 aircraft simultaneously, a Chinese aircraft
carrier can only operate 10.
Before the PLA Navy is able to put its aircraft carriers into action, a great
deal of work has to be done, Greenert said, adding however that China has
achieved much in a very short period of time. Kanwa reported that China has
acquired blueprints for a Soviet-era nuclear-powered aircraft carrier, also
Quoting from the Singapore-based Straits Times, the article said that China’s
first domestically built aircraft carrier will be able to carry 50 J-15B carrier
-based fighters and other aircraft such as the K-8 or the Z-8 early warning
helicopters. In the future, between 25 and 27 stealth fighters such as the
J-20 or the J-31 may serve aboard the Chinese aircraft carriers to replace
the J-15, the PLA’s current carrier-based fighter.
China is on pace to take over the drone space has it develops lower cost
and technically more sophisticated drones.
Want China Times
China has broken a record in its drone development by successfully keeping
a civilian unmanned aerial vehicle aloft for 30 consecutive hours, reports
a Washington-based military website.
The UAV used for the test was designed by the state-run Chinese Academy of
Surveying & Mapping for mapping and land use surveys. The previous record
for a Chinese drone in the air was 16 hours. Designed with lightweight
materials and weighing under 50 kilograms, the drone is capable of carrying
lightweight and powerful cameras to economically survey agriculture and
In addition, the drones can also be used by the police and security services.
“For several decades a growing number of Chinese commercial firms have been
developing military UAVs. One of the most powerful of these is the Wing Loong
UAV which can be equipped to carry two BA-7 laser guided missiles,” said the
Strategy Page. Photos and videos of the Wing Loong were revealed by the
People’s Liberation Army in 2008.
The Strategy Page was able to conclude from promotional materials that the two
BA-7s, also known Blue Arrow 7 missiles, are very similar to the US-produced
Hellfire. Each of the missiles weighs 47 kilograms and has a max range of
7,000 meters. They were basically designed as laser-guided anti-tank missiles
to attack ground targets. China offers the Blue Arrow 7 at a lower (at least a
third lower) price than the $70,000 Hellfire and is willing to negotiate.
Lingerie decorated with gold has grabbed the attentions and spotlight in
various shows in China. Jewelry shops hired models wearing gold-decorated
lingerie sets for their opening ceremonies and promotional activities.
Source: Xinhua | August 10, 2014, Sunday
THREE Chinese disease control teams will travel to Guinea, Liberia
and Sierra Leone to help the fight against the deadly Ebola virus, the
National Health and Family Planning Commission said yesterday.
It is the first time that China has offered assistance to foreign nations
in response to a public health emergency.
The African countries are facing a severe shortage of drugs and disease
prevention knowledge, and are in urgent need of support, it said.
The experts will help to train local medical workers on personal protection,
disinfection and biological safety, it said.
Oh man…if things were not tense enough before in Xinjiang, get ready.
China unveils a new innovatiave plan to fight Islamic extremism..limit
their birth rate. Next stop….primae noctis.
Xinjiang Chief Signals New Curbs on Births for Minorities
China plans to adopt the same family planning policies for all ethnic groups
in Xinjiang, the western province’s Communist Party chief wrote in an essay,
signaling further curbs for the Uighur Muslim minority. Southern Xinjiang
will “implement family planning policy equally on all ethnic groups, to lower
and stabilize an appropriate birth rate,” Zhang Chunxian wrote in the August
edition of Qiushi, an official magazine of the party.
Zhang’s remarks may indicate a shift in rules that let Uighurs have as many
as three children in the countryside, while Han Chinese can have two. Even
though about 92 percent of China’s 1.3 billion population is Han, more than
45 percent of Xinjiang’s 22 million people are Uighurs, a Muslim people
from eastern and central Asia.
VIDEO: RBNZ’s Wheeler Signals Pause in Rate Rises
The essay was published as authorities tighten security amid ethnic violence
in the region that last week saw as many as 96 people killed. Unrest by
Uighur separatists has been on the rise in Xinjiang and beyond, prompting
President Xi Jinping to order a crackdown earlier this year.
China will use strong measures to fight terrorists and will strengthen
intelligence efforts, Public Security Minister Guo Shengkun said during a
visit to the region this month, the official Xinhua News Agency reported
today. New rules have also focused on the personal lives of residents, with
beards and Islamic veils not permitted on buses in Xinjiang’s Karamay city,
local media reported yesterday. Under current rules, Uighurs can have two
children in urban areas while Han Chinese are in general only allowed one.
Uighurs are supposed to be exempt from China’s one-child policy. Yet under
the policy, four Uighur women in Hotan prefecture in Xinjiang were forced
to undergo forced abortions, Radio Free Asia reported in December.
Increasing restrictions on ethnic minorities in Xinjiang come as China relaxes
its one-child policy across the country. The Standing Committee of the
National People’s Congress in late November approved rules that allow couples
to apply for permission to have a second child where either parent is an only
Printing money can’t save an economy and spending money won’t win the
Despite the gloomy production statistics of the U.S. economy such as the
loss of 65,000 factories in ten years, or 1 out of 2 households now getting
a check from the government, Americans are at least secure in their military
supremacy. Or are they?
It is an iron rule of history going back five centuries that as productive
economies shift, military power follows. The Soviet military power lasted
several decades after its economy failed to function, the U.S. is following
the same course.
Indeed, recent evidence suggests the country is becoming a paper tiger
capable of destroying groups of men carrying AK47′s but not being up to the
task against serious rivals. I often talk about the implications if the U.S.
was to go to war against China, and the fact that it could not win. The
welfare dependent population combined with a oligarch corptocracy is quickly
finishing off the last vestiges of American culture than built the country.
The last stages are setting in which are national bankruptcy, foreign invasion,
and currency collapse.
Nothing makes the case more on the illusion of American military supremacy
than reports surfacing of the F-35 Joint Strike Fighter. America’s highest
tech , brand new fighter jet which cost $1 trillion has a slower top speed,
and slower climb rate compared to the older F-16. It can’t fight, climb, or run,
and against Chinese and Russian designs would be clubbed to death like a baby
seal as one Australian military analyst put it. The new F-35 is of course the
result of a monopoly contract given to 1 military defence contractor. Nothing
makes it more evident, that just focusing on how much the U.S. spends on defence
should not make you feel comfortable.
F’d: How the U.S. and Its Allies Got Stuck with the World’s Worst New Warplane
The F-35 Joint Strike Fighter — a do-it-all strike jet being designed by Lockheed
Martin to evade enemy radars, bomb ground targets and shoot down rival fighters —
is as troubled as ever. Any recent tidbits of apparent good news can’t alter a
fundamental flaw in the plane’s design with roots going back decades.
Owing to heavy design compromises foisted on the plane mostly by the Marine Corps,
the F-35 is an inferior combatant, seriously outclassed by even older Russian and
Chinese jets that can fly faster and farther and maneuver better. In a fast-moving
aerial battle, the JSF “is a dog … overweight and underpowered,” according to
Winslow Wheeler, director of the Straus Military Reform Project at the Project on
Government Oversight in Washington, D.C.
Want China Times
After the Chinese government acknowledged the existence of the DF-41
nuclear solid-fueled road-mobile intercontinental ballistic missile, the
Nanning Evening News said that more advanced missiles will be revealed
in the near future.
The information regarding the DF-41 was accidentally released in a report
from the official website of the Shaanxi Environmental Monitoring Center.
The paper said the names of various other types of new missiles including
the DF-26, the HQ-1 and the HQ-26 were also mentioned in the report. This
suggests that more missile systems will soon be revealed to the public,
according to the paper.
Richard Fisher, an expert in Chinese military development from the
International Assessment and Strategy Center, said China has used Aug. 1,
the 87th anniversary of the founding of the People’s Liberation Army, as an
opportunity to demonstrate its military capability to the world. By doing
this, Fisher said the Chinese government will inspire in its citizenry a
sense of national pride. If the report is accurate, Fisher believes that
PLA is going to commission the DF-41.
The DF-41 is estimated to have an operational range of between 12,000km and
15,000km, which also makes it the missile with the longest range in the world.
The top speed of a DF-41 is estimated to be Mach 25. US observers believe the
weapon will be capable of carrying multiple warheads and claim it could be
used to carry out a surprise attack that could knock out an enemy’s arsenal
and limit its counterstrike capabilities.
One politician who has it right. The U.S. needs structural reform, not
money printing. Firstly, you cannot tax foreign earnings, secondly you
need to lower the tax rate.
The tax code is 5 times the size of the bible with the highest rates in
the world, yet we collect no taxes. These are things we should have been
working on long ago especially since 2008 when the economic system slapped
the country in the face. Instead, we just used the crisis as an excuse for
sending more money to bankers.
One wonders if Americans will ever wake up to the fact that their shackles
of debt come from banks who have legal authority to print currency. If we
are printing , why not just print it ourselves and divert the money into
infrastructure or job creation industrial projects. That would be to rational,
but instead we must feed the banks and the houses of speculation.
Elon Musk: Artificial intelligence will be ‘more dangerous than nukes’
Billionaire entrepreneur and inventor Elon Musk took to Twitter over the weekend
to sound the alarm about the dangers of artificial intelligence, which he says
could be more of a threat to humans than the nuclear era. “We need to be super careful
with AI,” he tweeted, adding that artificial intelligence is “potentially more
dangerous than nukes.”
Worth reading Superintelligence by Bostrom. We need to be super careful with AI.
Potentially more dangerous than nukes. — Elon Musk (@elonmusk) August 3, 2014
Musk was referring to the book ‘Superintelligence: Paths, Dangers, Strategies,’
by Nick Bostrom, which poses questions about how humans will be able to handle
computers containing advanced intelligence.
Musk followed that tweet with another, speculating that humans are willingly
ushering in what could be their own demise at the hands of robot domination.
“Hope we’re not just the biological boot loader for digital superintelligence.
Unfortunately, that is increasingly probable.”
Hope we’re not just the biological boot loader for digital superintelligence.
Unfortunately, that is increasingly probable — Elon Musk (@elonmusk) August 3, 2014
Tesla-founder Musk, 42, has invested in artificial intelligence ventures in order
to push for positive results from AI, he has said.
“I think there is potentially a dangerous outcome there,” he told CNBC of
artificial intelligence. “There have been movies about this, you know, like
Terminator,” he added. “There are some scary outcomes. And we should try to make
sure the outcomes are good, not bad.”