The global majority of markers, predictions, and projections from international organizations & business industry vertical analysts foresee a DRAMATIC reduction in the global need for human labor in the next 5-50 years, at which point some predict it to be virtually nonexistent.
So… why/how are global commercial banks still issuing (and having 'federally'/centralbank 'insursurance backing/underwriting) 10, 15, 20, 30 year commercial/residential/construction/student/auto loans and related products?
In other words, why are you knowingly issuing a product, KNOWING full well that it will NEVER reach it's term or be paid in full, as the capacity to earn via 'work' will reduce dramatically in less than one generation? In other words, NO ONE WILL BE WORKING in the not to distant future, thus will have no known way to repay such debts, holding their end of these (illegal - no consideration) contracts.
Are these financial institutions, most of them PUBLIC COMPANIES, knowingly misleading/LYING to their shareholders/owners by withholding said knowledge? Um hmm.
Digging on contradictions within organizations, World Bank, IMF, UN, BIS, etc re: AI/automation/robotics replacing labor force, and sustaining factional receive banking in its current 'magic', thin-air context.