The Ledger, every show

“If you've got, let's say, a lawyer who's making 200 K a year in the US or a doctor in the West, and then you've got somebody from the Philippines or India or anywhere in the world who's making currently 2000 dollars a year, maybe the converged wage with AI plu…”

“And you could have avoided like a million dead. That million dead is on the FDA's head, like, because challenge trials could have been done, you know?”

“Crypto is not just, you know, the next wall street. It's also the next Silicon Valley because decentralized social networks and so on are built there, but even less, obviously it's the next Yale law and Columbia school of journalism and Kennedy school of gover…”

“Like, will all the centralized Bitcoin on Coinbase's servers, Sailor servers, et cetera, get seized? I think it's quite likely. I think it eventually gets seized in some exigent circumstance.”

“Powell is crashing the plane, and SVB and FRC and others were just positioned near the front of the plane. Okay. So like everybody's gonna die is my point.”

“And so one thing I don't think people are taking into account is that a lot of people who are you know, Currently very for the federal government. If it has serious financial difficulty, we'll simply fold into the new Chinese overlords.”

“What I do think is I think that there is probably enough strength among grays and reds to prevent a complete repeat of executive order. Six one Oh two. I think it's going to be attempted.”

“And I think that Western governments will lose. It's going to be super nasty and super gnarly, but on balance, they will lose because their ideology is not one that attracts the very top talent.”

“Bitcoin, the reason I say Bitcoin specifically is it's, you know, it's on track. We will see if it can actually get there. Cause it's got various kinds of issues, you know, privacy and other kinds of things that, you know, but It's on track to be the governmen…”

“No. Actually, the opposite.”

“I actually think AI makes the internet a lot more like the Chinese internet.”

“Way before it gets there, I'm pretty sure that kind of thing will be stopped from the Chinese because they will just have cryptographic keys that will just make all those things shut off, okay?”

“So I don't think that in that form they're going to get to trillions. In fact, I think the counterattack on them is going to be so dramatic that it might be that you just have decentralized AI.”

“For four years, it was just a desert. A bunch of companies silently died. The state blocked IPOs. They're blocking M&As. It was just an all-out anti-tech assault.”

“Google put a hundred million plus in the bank account of WindSurf where the intent was to dividend it out.”

“I think it's going to become actually the future political axis between futurism and primitivism. That's going to be the new left, right after the whole thing finishes rotating.”

“Like, a great example is The Atlantic published this crazy piece calling for invading Brazil because they saw a photo of the Brazilian fires, ok?”

“The New York Times collected all these polizers for this, for basically false information, right?”

“AI can do that. AI can do that. AI can find every internal contradiction to NYT ever, ok? And so you could just have them, NYT versus NYT, like, you know, they're enslaving people, and then they're pretending they're, you know, like, there's just so many thing…”

“So it gets a very fundamental thing where tech guys are sensing there's something here, but ultimately the network has to supplant the state as the form of truth.”

“At Uber, like the VCs there wanted money and Travis didn't want to sell or IPO. So that's why they did it in part.”

“So the problem is that you have Democrats, Republicans, and Communists that have all created basically one-party states, where the only democracy then is going to be the right to exit. To vote with your feet.”

“That's a future democracy, not a two-party system with the illusion of choice, but a thousand city system with the reality of choice. 97% for Elon, right? This is essentially a precursor to what's coming next, where you vote with your feet, your wallet, and yo…”

“And what I think AI is particularly bad at, that people are trying to make, trying to use it for, that they're going to fail on, in my view, is when they try to use it for markets or politics.”

“There's a similar, much less publicized thing that's happening at many media corporations where they're unionizing to try to ward off AI competition. Like, they have union contracts that say the editors, owners cannot use AI, right? So they're making their org…”

“Cash is universal barter. Cash can be traded for anything, but now anything can be traded for anything, which means there's less need for cash, right? And so all these countries will wake up one day and they'll find, wait a second, just like the newspapers, we…”

“Because ultimately, 2008 was, quote, just a recession, and I think things came back to normal in a sense afterwards. I don't think things are going to come back to normal after this one. I think this is the big one.”

“Neither of those things are what blew up the bank. What blew up the bank is that they bought treasuries.”

“So, so what I think is coming in a phrase is is digital lockdown. Okay. Digital lockdown encapsulates essentially obviously bans on short selling, attempted bans on crypto, capital controls, probably wage controls, price controls, anti hoarding laws. They may …”

“And I actually think this becomes a very important dividing line and political issue where it's essentially the Bitcoin states where you know, people are allowed to hold Bitcoin in private hands and the dollar states where they're not. Basically meaning you li…”

“Cognitive separation has happened. Social separation has happened. We're still physically proximal. And what that portends in my view is something similar to do you know what partition was in India?”

“The bank runs started before anybody tweeted, right? And the reason that they happened is because the Fed fundamentally undermined these portfolios.”

“Well, basically what'll happen in my view is they will they won't, they may not default on it long-term in the sense of pay cash, but they'll inflate it away to such a point. Or make it illiquid or suspend convertibility.”

“This internet frontier where we've migrated to will over time give rise to new countries just like the Americas did.”

“The US government and the US dollar versus Bitcoin is as big a clash as like, you know, I don't know, Christian Muslim was during the crusades or something like that.”

“In fact, it's like the sixth leading cause of death and candid, like you can kill yourself, but you can't take an experimental drug.”

“Once we can get a zone outside the FDA, once we can exit the FDA, people don't understand how bad the FDA is. Your entire life, it's like tens of trillions of dollars of values being held back by FDA. It's like incalculable how bad they are as an agency.”

“Like the U S federal government will be the last mover on everything. Like everybody's over indexed on, we need to reform the U S government. No, you need to, Exit the US government.”

“What we are going through and what we are going to see is much more polystatism and the network state is a way of not just using the existing administrative units like Florida and what have you, but setting up new ones.”

“For some time, I'd been increasingly concerned that instead of marching into a future of freedom, we were heading into a time of tyranny. I still think something like this may take place in China's sphere of influence. Arguably, it already has. But as the even…”

“The vast majority Of, you know, results in mathematics and physics and so on that we rely on happened before NSF. Okay. Let's say like they predate the modern scientific establishment that Vannevar Bush set up”

“And any lab that is like doing reasonably interesting technology work. Absolutely. Will probably be able to get more funding online via cryptocurrency and NFTs than they will within the academic grants process.”

“Like, they're not going to be able to ban it now. It's going to be harder to ban it. If enough members of the elite have sort of defected and are making money from this, only the sort of retro authoritarian chunk, which is Only about 30% of the population. It'…”

“I think web three will be Waterloo for wokeness.”

“I think by 2040, there's a chance, I'm not saying a hundred percent, but I think that if the last century ended up at least the second half was USA versus USSR, right? I think this century may end up as being China versus Indians, not India. I think that's whe…”

“I think the transition from just like the USSR became Russia, I think the USA after whatever collapse becomes America. That say it's like American culture. It's baseball, it's hot dogs, but it's not global empire, right?”

“The US military has a perfect record in its war games with China. China's won every round.”

“But the US government gaining more control over Facebook is not a solution to Facebook's real problems. It's just going to mean backdoor surveillance of everything.”