The Ledger, every show

“There's not going to be net global job gain globally. Right. Through, through what's happening with technology.”

“It actually doesn't matter because we're already so far past the point of rescue that, that, that, that, that, that more and more debt is going to be ineffective.”

“Should you bail out these companies across the board? No, you shouldn't. You should let them all fail, and the people with cash will win.”

“The fed is the market, right? With the stock market is an illusion. Today it's completely detached from reality of fundamentals.”

“WeWork looks like a really good business when it's valued at forty-five billion dollars, and everybody says, wow, this is great, because more It's a Ponzi scheme. More and more people racing in, and more and more people racing in, and then you take that away a…”

“If Elizabeth Warren or anybody breaks up Amazon or Google or the giant AI companies, or Microsoft for that, that, that, that matter, effectively by doing that, you seed AI superiority to China.”

“I'm a huge fan of Bitcoin, a huge fan of Bitcoin, because I think that it'll move to a reserve status that other currencies will be pegged to eventually.”

“And if one does, Or if one starts accumulating behind the scenes, they all have to. It moves really, it starts to move really fast.”

“I think it would be pegged to a digital, I think it would be pegged to Bitcoin. I think that's what, I think that's the most logical thing right now. And every government will say, no, peg it to my digital currency. But it doesn't, but whether it's a digital o…”

“That's why war revolution is a logical consequence out of where we are right now, because people don't believe it's their fault. They, people don't, they're caught in a system. It's really easy to prey on, on people's vulnerabilities when they can't eat and cr…”

“Now, the only way it doesn't become a drag on future growth, growth, and it becomes hyperinflationary, is when, logically, governments destroy their currencies, because they can't pay back the debt. But assuming they have to pay back the debt, somebody has to …”

“Right now the US dollar is going up in value because governments around are all trying to get cash. Every company is trying to get cash and the US currency underlies 80% of world trade. It's the only reason it's going up in value right now. It will go down on …”

“Interest rates are, they're going negative. They're going to be very negative.”

“It would look deflationary just like everything else. If you didn't have this, if you didn't have if you didn't have this, and then your savings would be going up and you would be able to buy more for everything would look like that. You would follow the natur…”

“So even if you now break it back apart, somebody's going to sit on top and consolidate it back.”

“If you let deflation happen and let the natural order of things happen, you'd need far less of them. You'd, you'd work less. You would the, you would follow the trend and you'd be less, less, less work along the trend.”

“As much as I believe in it, I don't want it to happen as fast as is, is it like likely it's happening because it means the world goes through a disorderly unwind. And that doesn't look good for even people with Bitcoin.”

“Every single government around the world is, is worried about the destruction of jobs, which is a logical consequence of technology. And going back in and creating coal jobs is not going to solve that problem, right?”

“Over a 185 trillion dollars has been added to global debt in the last 20 years to produce 46 trillion dollars of economic return in GDP.”

“And if China is going to devalue the currency, which they will devalue their currency, right?”

“Governments are unlikely to trust each other in this current environment to be able to create that.”

“At some point, like the system just like, it's just such a colossal waste of money on both, both fronts. And you can't keep doing that.”

“I think it's over 60% of the dollars invested in AI are coming from the monopoly companies.”

“10%.”

“The U.S. Gun sales are through at all time records in the U.S. And Canada and around the world.”

“This is at the end of 2019, 250 trillion dollars supporting a global economy of 80 trillion.”

“Amazon borrowed a bunch of money to create real value in their business. And that, and the future cash flows, it was a negative working capital model and the future future cash flows and the growth of creating that platform would easily pay, pay that back.”