Hey Gyna, could you give me your deflation story/explanation for why we are going to experience deflation? I'm trying to explain to somebody but I don't quite recall your thoughts on it.
I watched this this morning, forgot to come back and reply. Interesting theory. It feels like a misunderstood concept though, where even the interviewer doesn't fully understand what he means at times, and I think it's because Jeff doesn't come right out and say it plainly, that "people are mostly viewed as worthless now because computers do more and ask for less in return."
I just finished listening to this A few minutes ago; holy shit, about 27 minutes in he starts talking about the Fed balance sheet, which at the time of this video was about 4 trillion, and he talks about how it will go to 8 trillion in the next few years… So I pull up the Fed balance sheet and it is just over 8 trillion now. When people make super accurate predictions like this you tend to listen to what they say afterwards. Everybody thinks Covid is the reason, but they were planning this.
Yeah, it's like they are trying to keep everyone content until they are ready to rip the bandaid off at full speed, once everything is at a sufficient state of disrepair and the machines / AI are fully ready, to prevent the populace from doing anything about it.
Interesting concept, the idea that things are actually getting cheaper in real terms, and only inflated because of the money trickery. Thanks for the lead (that book) and the YouTube video. I'm gonna watch that in the morning. I've always been afraid we'd go down the 90s Japan path.
Hey Gyna, could you give me your deflation story/explanation for why we are going to experience deflation? I'm trying to explain to somebody but I don't quite recall your thoughts on it.
I watched this this morning, forgot to come back and reply. Interesting theory. It feels like a misunderstood concept though, where even the interviewer doesn't fully understand what he means at times, and I think it's because Jeff doesn't come right out and say it plainly, that "people are mostly viewed as worthless now because computers do more and ask for less in return."
Interesting, will watch. Thanks.
I just finished listening to this A few minutes ago; holy shit, about 27 minutes in he starts talking about the Fed balance sheet, which at the time of this video was about 4 trillion, and he talks about how it will go to 8 trillion in the next few years… So I pull up the Fed balance sheet and it is just over 8 trillion now. When people make super accurate predictions like this you tend to listen to what they say afterwards. Everybody thinks Covid is the reason, but they were planning this.
Yeah, it's like they are trying to keep everyone content until they are ready to rip the bandaid off at full speed, once everything is at a sufficient state of disrepair and the machines / AI are fully ready, to prevent the populace from doing anything about it.
Interesting concept, the idea that things are actually getting cheaper in real terms, and only inflated because of the money trickery. Thanks for the lead (that book) and the YouTube video. I'm gonna watch that in the morning. I've always been afraid we'd go down the 90s Japan path.