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are spending? are you producing a lot of debt, and is it producing money? and what are the mechanical effects of that? we can talk about that, but there s a mechanical effect that passes through the economy. the second is how are we with each other? when we have a situation where the causes that people are behind are more important than the system, the system is in jeopardy, so there are risks about how we deal with each other in those conflicts. the third is the rise of the great power to challenge an existing great power. the risk of that external conflict that you touched on china. the fourth is the nature risk. through history, though they maybe come once every 100 years, there are pandemics, floods and droughts, and they have killed more people than wars. they ve had a big effect. and then fifth is man s ability to adapt.

Nature risk