TeamVoz
1.2K posts
@CVozella1
Keeping it 100 since 1971. All views expressed are my own.
IBM is hiring MORE entry-level employees because young people are better with AI than older generations.
You won't need as much wealth as you think. But only if you understand this one idea: Tech deflation is coming in hard and fast. - Robots will be farming, manufacturing, etc. - There are massive economic incentives to make energy abundant - Super smart AIs will work around the clock to solve our remaining problems I see a lot of smart people assuming this means that everything is going to plummet in price. Even @elonmusk said he expects prices to fall on a recent podcast He's right, but only if you price things in Gold or Bitcoin (or equities) - NOT the dollar. The existing monetary system cannot allow prices to fall in dollar terms for a simple reason: No one can service debts if prices start falling. Imagine a business takes out a $1 million loan because they think they can sell $2 million worth of widgets and service the debt But what happens if prices fall and they can only sell $500K worth of widgets? They can never pay back that $1 million loan Multiply that across the entire economy... Banks collapse, savings go with it, lending stops, etc. That will not be allowed to happen. That's why even though we've made incredible tech advances, a Big Mac is 46x more expensive today than in the 1950's. Our monetary system requires inflation and debasement of the currency unit So as tech advances faster and faster there will be MORE debasement, not less. Everyone must realize: EVERYTHING WILL GET CHEAP IN GOLD AND BTC TERMS BUT NOMINAL PRICES WILL CONTINUE TO RISE AS THE DOLLAR DEBASES ASSET PRICES WILL MOST LIKELY CONTINUE GOING PARABOLIC WHEN MEASURED IN DOLLARS If you understand this, you just save in gold / BTC, invest in quality equities, and get wealthier in real terms over time as tech innovation goes exponential. Explain this concept to your friends and family now. It's the only way to stay ahead of what's already happening. Note on the chart: Performance of BTC, gold, and US treasuries (priced in gold) since October '23 when treasury secretary Janet Yellen capitulated by quietly shifting more US debt issuance into short term t-Bills instead of long term treasuries. Why did she do that? Because the market was telling her there weren't enough buyers for long term US debt. That was the signal that the jig was up. And that hard assets were the only rational move.
I challenge Robert Kennedy Jr. to go on Jon Stewart’s show. I want RFK Jr. to face what real, tough questions are like. I want RFK Jr. to sit face to face with Jon Stewart, one of the best interviewers of our time. Jon Stewart will rip RFK Jr. into shreds & it will be glorious.
