Global Wealth
topic on 1 show · 4 statements across 3 episodes
4 statements about Global Wealth, every show
Buchheit: AI will 10x total global intelligence and wealth
“Where like the total global intelligence is going to 10 X, right? And so that will enable us to 10 X Our total wealth.”
Sacks: Federal Reserve rate hikes vaporized around 14% of global wealth
“It pops the asset bubble, It vaporizes something like 14% of global wealth, and then simultaneously workers feel a lot poorer because their wages haven't kept up with inflation.”
Chamath: The 2008 financial crisis destroyed 19% of global wealth
“And for reference in 2008, when we went through, you know, a cataclysmic shock to the system that threatened the banking infrastructure of America and a potential contagion to the world that destroyed 19% of the world's global wealth at that point.”
Chamath: $35 trillion in global wealth destroyed in early 2022
“Since the beginning of this year till about yesterday, so I think the number is still going up probably by at least by a trillion dollars. We have destroyed collectively as a society 35 trillion dollars in global market value. Now, to give you a sense of that,…”