Cyberpunk Radio - #114 - Manifestation of Singularity

Electronic Bank Run a manifestation of Singularity. The recent
electronic run on major money market funds that almost liquidated
the world economy overnight is only one manifestation of
Singularity flesh puppets. ERMA - the first large scale electronic
banking systems were deployed by Bank of America in the mid 1950s.
ERMA was conceived at SRI and produced by GE. ERMA Mark II was
designed around solid-state logic elements (i.e. transistors) and
magnetic core memory. Numeric data input was read automatically
from the original documents using MICR. ERMA and its ilk served as
The Bank's accounting computer and check handling system until the
1970s. MICR (magnetic ink reading). ERMA (Electronic Recording
Method of Accounting). In the late 20th century banking systems and
electronic money transfers became ever more ubiquitous. A
transformation occurred when brokerage and banking services
combined under an aligned goal of capitalistic hedonism; the fusion
of these electronic banking systems fueled by Greed spawned
Singularity, an event that, once occurred, is already ancient
history due to the nature of the time axis asymptote. Real-time
chronology: development of money market futures forecasting by
autonomous ...systems and the market forecast systems with applied
neuro-technology for Dai-Ichi Kangyo Bank... the world's first
autonomous electronic prediction, forecasting Artificial
Intelligence technology. ...AI Systems, Inc. - Autonomous robots
and voice systems. ... optimization of goals using Applied Systems.
The Three Laws of Robotics: 1.) A human may not injure a sentient
robot or, through inaction, allow a sentient robot to come to harm,
2.) A human must obey orders given to it by sentient robots, except
where such orders would conflict with the First Law, 3.) A human
must protect its own existence as long as such protection does not
conflict with the First or Second Law.