EFTA02460571

From: jeffrey E. <[email protected]> Sent: Wednesday, June 1, 2016 3:12 PM To: Jeffrey Epstein In 1998, Kodak had 170,000 employees and sold 85% of all photo pap=r worldwide. Within just a few years, their business model =isappeared and they went bankrupt. What happened to =odak will happen in a lot of industries in the next 10 year - and=most people don't see it coming. Did you think in 1998 that 3 Yet digital cameras were invented in 1975. The first ones only had 10,000=C2 pixels, but followed Moore's law. So as with all exponential =echnologies, it was a disappointment for a long time, before it b=came way superior and got mainstream in only a few short years. 1= will now happen with Artificial Intelligence, health, autonomous=and electric cars, education, 3D printing, agriculture and jobs. =elcome to the 4th Industrial Revolution. Welcome to the Exponenti=l Age. Software will disrupt most traditional industries in t=e next 5-10 years. Uber is just a software tool, they don'=t own any cars, and are now the biggest taxi company in the world= Airbnb is now the biggest hotel company in the world, although t=ey don't own any properties. Artificial Intelligence: Com=uters become exponentially better in understanding the world. Thi= year, a computer beat the best Go player in the world, 10 years =arlier than expected. In the US, young lawyers already don't =et jobs. Because of IBM Watson, you can get legal advice (so far =or more or less basic stuff) within seconds, with 90% accuracy co=pared with 70% accuracy when done by humans. There could b= 90% less lawyers in the future, only specialists might remain. W=tson already helps nurses diagnosing cancer, 4 time more accurate=than human nurses. Facebook now has a pattern recognition softwar= that can recognize faces better than humans. In 2030, computers =ay become more intelligent than humans. Electric =ars will most likely become mainstream by 2030. Cities will be less noisy=C2 because most cars will be electric. Electricity will become=incredibly cheap and clean: Solar production has been on an expon=ntial curve for 30 years, but you can only now see the impact. La=t year, more solar energy was installed worldwide than fossil. Th= price for solar will drop so much that most coal companies will =e out of business by 2025. EFTA_R1_01566160 EFTA02460571 Health: The Tricorder X price =ill be announced this year. There will be companies who will buil= a medical device (called the "Tricorder" from Star Tre=) that works with your phone, which takes your retina scan, your =food sample and you breath into it. It then analyses 54 biomarkers that =AO will identify nearly any disease. It will be cheap, so in a few year= everyone will have access to world class medicine, nearly=C2 for free. 3D printing: The price of the cheapest 3D =rinter came down from $18,000 to $400 within 10 =ears. In the same time, it became 100 times faster. All =AO major shoe companies started 3D printing shoes. Spare airplane parts=are already 3D printed in remote airports. The space station now =as a printer that eliminates 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 will have 3D scanning possibilities. =ou can then 3D scan your feet and print your perfect shoe at home= In China, they already 3D printed a complete 6-story office buil=ing. By 2027, 10% of everything that's being produced will likel= be 3D printed. Business opportunities: If you think=of a niche you want to go in, ask yourself: "in the future, =o you think we will have that?" and if the answer is yes, ho= can you make that happen sooner? If it doesn't work with you= phone, forget the idea. And any idea designed for success in the Wor=: 70-80% of jobs will disappear in the next 20 years. There will be a =AO lot of new jobs, but it is not clear if there will be enough new job= in such a small time. Agriculture: There will proba=ly be a $100 agricultural robot in the future. Farmers in 3rd wor=d countries can then become managers of their field instead of wo=king all days on their fields. Aeroponics will need much less wat=r. The first Petri dish produced veal is now available and will b= cheaper than cow produced veal in 2018. Right now, 30% of all ag=icultural surfaces is used for cows. Imagine if we don't need that =AO space anymore. There are several startups who will bring insect prot=in to the market shortly. It contains more protein than meat. It =ill be labeled as "alternative protein source" (because=most people still reject the idea of eating insects). There is an app called "moodies" which can already tell in whic= mood you are. By 2020 there will be apps that can tell by your f=cial expressions if you are lying. Imagine a political debate whe=e it's results are being displayed when the candidates are ta=king. Longevity: Right now, the average life span inc=eases by 3 months per year. Four years ago, the life span used to=be 79 years, now it's 80 2 EFTA_R1_01566161 EFTA02460572 years. The increase itself is increa=ing and by 2036, there will be more that one year increase per ye=r. So we all might live for a long long time, probably more=than 100. Education: The cheapest smart phones are already at=$10 in Africa and Asia. By 2020, 70% of all humans will own a sma=t phone. That means, everyone has the same access to world class =ducation. Every child can use Khan academy for everything a child=learns at school in First World countries. Raafat = the biggest change however will be in the world of money. =AO The world of currencies HAS NOT changed in fifty years. it =ags behind the rest of development. There are a few new curren=ies , however , taken together they only total a few billion &liars Mohammeds vision 2030 , is bold and has many =AO laudatory goals. It is truly a vision , rather than a=fantasy. However , the financial methods considere= , are somewhat last century. The idea that the country =ill raise Bonds is not thoughtful. Though Qatar did it r=cently , the market views it as a sign of weakness , not as a sign o= financial strength. l=suggest two main pathways, One , the most va=uable commodity moving foward will be knowledge . not dollars. =C2 The bold move would be for Saudi to create =C2 a complementary, currency to the current one. It would allow =uch more flexibility, creativty ,exchangibilyt at almost zero cost .. =AO SDR s were created by the IMF years ago. food s=amps alone in the US is an 80 billion dollar per year, complementary curre=cy, 80 billion per year. it is a currency that can only =e used to buy food. Saudi might consider having a currency bas=d and backed by its oil At the moment Saudi like the re=t of the world is held hostage by the US banking system. =dollar reserves dollar based accounting etc. . The compu=er revolution has disenfranchised most institutions retail shops. m=sic shops. clothes stores, stock brokerage firms etc. The ne=t institution to be modified is central banks etc. Saud= could be out front of this, and be seen to be truly 21 century, please note The=information contained in this communication is confidential, may be att=rney-client privileged, may constitute inside information, and is inten=ed only for the use of the addressee. It is the property of JEE U=authorized use, disclosure or copying of this communication or any part=thereof is strictly prohibited and may be unlawful. If you have receive= this communication in error, please notify us immediately by return=e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and al= copies thereof, including all attachments. copyright -all rights reser=ed 3 EFTA_R1_01566162 EFTA02460573