There is a wealth of human knowledge based on imagination/ observation/intuition in folklore, sayings , ancient texts etc. Is it possible based on current state of AI, ANN , Machine learning , Statistics, Cognitive research to artificially scan texts and correlate with web unstructured data to arrive at meaningful conclusions?. This is an explorative q and all are welcome to share their views. The basic idea is if we can determine if a given statement can be classified as Valid/ Not valid/Indeterminate.