The shocking forecasts for 2021

The banking giant Saxo Bank expects some companies to collapse in 2021 due to the “overheating” of economies, as well as the desolation of megacities following the introduction by governments of unconditional basic income (payments, regardless of work or need ) amid the coronavirus pandemic. The assumptions are contained in the bank’s unofficial annual forecast under the heading “Shocking Forecasts,” TASS reported, cited by BGNES.

Saxo Bank publishes its “Shocking Forecasts” rankings annually, which are unofficial and describe hypothetical future events. So last year, the bank forecast $ 90 a barrel of Brent oil and Hungary’s exit from the European Union. According to the bank’s experts, the most destructive events always turn out to be the most unexpected, and in the context of this year’s sudden coronavirus crisis, the attempt to explore the limits of the possible, although not always expected, is particularly relevant.

Depopulation of big cities

Today, the elimination of redundant jobs and the switch to working from home, which has become more common due to COVID-19, leads to a zero workload in city offices. Prices for commercial real estate are also falling rapidly, even in areas occupied by stores and restaurants that previously served office workers. The Bank believes that the threat of total destruction of public structures will make governments realize that the measures taken in response to the pandemic are not just a reaction of panic, but the beginning of a new era of unconditional basic income, which implies regular payments to the citizens of the country regardless of the availability of work, need and others. factors. The introduction of such a support instrument by governments will change citizens’ attitudes towards the role of work in life. “As a result, many young people will remain living where they grew up. Meanwhile, both professionals and low-skilled workers in large cities will start to leave due to the diminishing supply of the labor market. As a result, small apartments in criminal areas will lose. its attractiveness. “, claims the bank.
Fight misinformation
The bank predicts the eradication of fake news in 2021 with the help of the blockchain system. The threat of spreading misinformation and undermining trust even in well-known news outlets could reach critical levels in 2021. As a result, major media and social networks will be forced to take further action against lies and manipulation in the news. “This will be possible thanks to a common blockchain network that integrates news content and enables news to be published securely, with verification of both content and source,” the bank said.

Technology will make any content change visible to everyone, and all news will be traced back to the original source, providing false and unconfirmed information. Companies like Twitter and Facebook will actively invest in the development of such mechanisms. “Alternative news sites with their conspiracy theories, such as QAnon, with disinformation about the COVID-19 pandemic, false evidence of voter fraud, will all disappear along with their platforms overnight,” say the banking experts. In the event of such events, they recommend buying shares in Verizon, IBM, and social media.

Nuclear power in a new way

Most of the new green and alternative energy technologies are not enough to keep the world economy growing at a record pace, the bank said. Therefore, the world urgently needs an energy breakthrough. Advanced artificial intelligence systems will solve these problems in 2021. “The SPARC reactor project, approved in 2020 by the Massachusetts Institute of Technology as showing promise in reducing the cost of thermonuclear power, will be enhanced by new artificial intelligence technologies. “Saxo’s forecast said. As a result, there will be the most spectacular energy leap since the creation of the first nuclear reactors, banknotes. The use of thermonuclear energy will eliminate the world’s shortage of water and food through desalination of seawater and vertical agriculture. Additionally, “we will see a world of cheap transportation, universal robotics and automation, and today’s youth will be the last generation to work as needed,” experts say. Nuclear power will also make virtually all countries independent of food and energy and provide the fastest and largest standard of living in history. The bank believes that as a result of this scenario, investment support for “traditional” green energy could be reduced. Therefore, the “wind” index ETF FAN may lose 50% in 2021. More: Why did Bill Gates start working on nuclear power after vaccines?