Dope Tech Episode 2

<<@wildskies7183 says : He fucked it up 😆>> <<@chinloongyong9640 says : Please bring them back for another discussion.>> <<@CRIPETOE says : You can't eat a car, a house, furniture, trinkets... and SOON, the only concern for tens of millions of Americans will be how to keep their families from starving.>> <<@shakubob4048 says : Raoul, leave your ego at the door. We are all on the same page. You are talking to Peter Schiff. He has educated you and countless others. You don't know it all. I don't know anything. We must see this through together.>> <<@klaatu2 says : Raoul seems the more thoughtful reasonable of the two. Whereas Peter is rigid unwavering, perhaps unreasonable. Yet 11 months later, Peter appears to be right....yet both Raoul and Peter's approach has each ahead of the curve>> <<@Codex1010 says : Hi Tom, question is, when automation increases and employment as well as population decreases where is the money to buy items other than necessities and who will lend you money if you are on UBI? Economy is mainly based on numbers and the buying power of a community, state or country? Jen W>> <<@scottmajerus574 says : If AI and robots are infinite labor, how do actual people live???>> <<@CliffRoyal says : Actually is started 3-400 Anno Domini whereby usury/ interest was a sin, Leviticus was changed by a rabbi … go figure, looking for remedy? Reverse the transgression and re publish the Bible in accordance with the word !>> <<@darrenpaquette9650 says : This gold guy is closed off for sure the only way is his way.>> <<@Zonker66 says : Good discussion. Scary stuff.>> <<@abediddie says : Referring to robot AI explosion, they seem to not factor in scarcity of energy and material resources....Bit of a large oversight>> <<@victorfontaine4943 says : What the bitcoiner’s don’t get is that people can change their minds. That is one of the biggest human flaws in my opinion. People can just wake up one morning on the wrong side of the earth and decide they don’t want crypto anymore. People use to have Walkman’s, CD’s and VHS players. Now who uses them today?… Maybe they’ll find something wrong with crypto 5 years later. A glitch or hack or something. Precious metals have been around longer than bitcoin. IT’S GONNA BE around longer than bitcoin’s, and it’s the safer bet. Ask half these kids today if they remember what or where their seed phrase is and watch what they tell you…>> <<@ChrisDennis-dp3md says : The Paul of Crypto.>> <<@ChrisDennis-dp3md says : What is the goal?>> <<@naeemjai968 says : so he's working to eliminate himself and everyone else and saying and he doesn't know what an economy would look like? that's like saying you see the car coming straight at you but you can't believe(thinking) it's coming straight at you.>> <<@naeemjai968 says : you can't keep saying everybody knew it blew up. they are not telling regular working people>> <<@ShaShankXRP says : XRP = The Global Standard ! ! !>> <<@barrycraig4773 says : Open mindedness and self doubt should be in the cards of consideration for sure,should I invest in Bitcoin,yeah I'll pass.>> <<@LuisRojas-uu4om says : The scary part is that Pres Biden''s US economy is the best economy in the world. So, imagine now what will happen with trump and his deplorables enriching themselves at our expense!?!?!>> <<@jessebengson1015 says : 8:00 ? Infinite humans? Population growth? What is he talking about? How is that related to AI?>> <<@gwendolynmcgrath7697 says : 2008 I lost everything, Freaking lying Banks and Government>> <<@tradinforalivin3568 says : Awesome interview Tom! Both Raoul and Peter have valid points, however gold is dead and Peter needs to understand this.>> <<@BrisLS1 says : AMEN!>> <<@miniminamanmina3715 says : To many old people , not enough slaves at work that what your saying. All us old bommer's collecting SS ,our pensions , working part time . Blame the generations ,turn them against each other ,way to go. Screw this evaluation greed is the problem isolating capital into fewer and fewer hands. Capitalism works with rules and laws ,they are gone.>> <<@bryanb.386 says : It was good to see Peter in a different mode than salesman. I do believe that he has the long term right and the limey is right about the short term for the personal. Ultimately what is not real will be exposed. His arrogance about prepper culture is adorable. Most people in the U.S. are the descendants or are people who fled catastrophe in other countries. Meanwhile the Europeans who have the mindset of this dude are looking down their noses at those who actually learned the lesson that those who cause wars, depressions and severe socital decay will just do it again. Stupidity is simple, just keep doing what burns you.>> <<@zackcameron-pl3eu says : Just to be clear, the government never needs to issue debt... historically the Fed didn't pay interest on reserves thus treasuries were needed to buoy overnight rates so that the Fed could hit its rates target... now the Fed does pay IORB, thus if anyone is worried about the amount of treasuries we could simply stop issuing them.. Raoul's analysis overall is just absurd, but fearmongering sells and helps him profit.>> <<@maxt5034 says : Raoul Pal is right. Peter has been wrong forever. If you follow Peter all this time, you would have lost all your wealth.>> <<@RainBitcoins says : There's alot of things that I agree with Schiff about, but his views on bitcoin is not one of them. He's secretly in love with bitcoin and just cannot bring himself to admit it. He's first heard of btc in 2010, he knows he could be a multi billionaire today had he of just invested a measly 50k.>> <<@jayworley1583 says : In 3-4 years, interest expense will probably be higher, but it's not going to be at $5T. That's hyperbole, dude, unless you know something everyone else doesn't know about inflation & interest rates.>> <<@sallyrucker8990 says : Why can’t we ratchet up the taxes on the rich? Let’s take it back to the 90% bracket that Eisenhower had?>> <<@NumeriVeri says : what do you think abouth $pooch krc20?>> <<@JeffreyKassel says : Nobody knows if multi-tasking robots who can think for themselves will be coming in the near future. I think there are a lot of technical and engineering difficulties for that transition to take place. I think it'll take more than 6 years. Artificial intelligence is in it's infancy....but how inventive and original will it be and how long will it take. We have serious bubbles now...Bubbles in debt, stocks, crypto, home prices, car prices and interest costs....bubbles always cause a collapse. I expect a 2nd Great Depression. Depressions cause demand to drop, then supply drops, everything slows down, and tax collections drop. If we go to $55 trillion in debt after a few recession over the next 10 years, it's 1931 again. They will try ZIRP and QE again to postpone the reckoning, but it's coming. You can't depend on Congress or Presidents to solve problems. They tend to make things worse.>> <<@Duncan973 says : their greed will eradicate humanity with machines>> <<@peter12266 says : Raoul Pal is talking a lot of nonsense>> <<@tomateeee33 says : Is not a fear from americans anymore, i understand the optimistic but there is so much hope that is killing us now, we need this crash more than ever. It will be sad , and caotic but look at it like a refresh and start a better system>> <<@tomateeee33 says : reality will hit dont worry it will come. there something call reality and it will hit hard. u never own company thats why u are bullish>> <<@tomateeee33 says : I am from Argentina, and Milei is not going to do it Peter... He talks to much but didnt have the guts. Here in argentina the corruption also is on banks and specially on energy>> <<@davidclaytonfreeman3306 says : 10:30 you guys are taking about a continuing transfer of all wealth to a smaller and smaller number of people with the masses backing a nuisance class of UBI consumers. How does that work on a national or global scale in anything but a communist system?>> <<@franbonner6691 says : You lot got rid of regulations and trusted the market would run itself on what planet did that ever work>> <<@bobhotchkiss2438 says : @35:17 it's not a weird phenomena AT ALL. Virtually all Americans alive today descend from ancestors that had to flee the land of their birth because of famine or war. And the people still living in Europe descend from the ruling classes that starved or conscripted our ancestors. Eat a Dick Good Sir.>> <<@franklingrippe8400 says : you guys honestly sound like a bunch of addicts trying to rationalize why its still ok to do your meth.>> <<@2113pinch says : Not the bitcoin wanker>> <<@UpTatedUptate says : Wtf are they talking about? Yeah, we want stuff, and yes, we don't wanna work, and yes, AI can create stuff but my question is, who is gonna own those stuff and how are we, who is not working buy them without money cause there is no free money, anywhere. So what they are saying is just like the WEF. You will own nothing and be happy. The only true in that is You will own nothing, forget about the happy part>> <<@johnp.johnson1541 says : *Raoul Pal thinks like a bulllshitting idiot.* USA pop 2024: Population: 345,426,571 2034: Population: 361,801,811 WORLD 2024 Population: 8,161,972,572 WORLD 2034 Population: 8,823,784,908 Population is growing and not shrinking. Pal does not know demographics. *Gold has not underperformed ANYTHING except S&P 500, but not always.* If you were born in 1882 and lived 88 years, S&P 500 fell until 1898, or until you turned 16. Now that might have bothered you, but it sure hurt the adults caring for you. Then the S&P rose until 1929 (or 31 years). So stocks were up the first 2/3s of your life and important years. But in the prime of your life, stocks crashed when you were 47. Then the S&P crashed, effectively ending in 1942 where it did in 1932. So that was another 13 years to the downside. You were 60. Thus by the time, stocks were down almost half of your lifetime. Getting to 88, you rode up stocks again, or another 30 years to 1970. And if you managed to recover from having been struck down financially in the prime of your life, 47 to 60, whatever you had to leave to your grandkids, fell much harder between 1970 and 1980, falling far below the 1929 crash you had experienced while alive. Your grandkids rode the Greenspan-Bernanke Great Inflation, the greatest credit bubble in the history of mankind. That bubble popped in 2007. They were 100% richer than the richest you managed to hit in 1970. When the 2011 low came for them, they were as poor as you were in 1931. Today, in 2024, they are as rich as you were in 1970 providing they went all-in on the S&P 500 in 2011. But it looks as if it is going to turn down for them that a new high of riches is not going to happen. If the fall is proportional to the 1970 to 1980 fall, they will lose 94% of their buying power if they hold it in the S&P 500. At day's end, stocks reflect the organization of things to produce property (right of ownership) in things that people would rather have than gold, i.e., money. That organization does not happen overnight. Its growth follows an S-curve of slowly organizing at first for the times, then rapidly organizing, then incrementally organizing at the top. Along the way, there is feedback into that organization, which when positive, is why it accelerates. Yet the time comes when the organization has become wrong. A crash ensues. When politicians and bankers change fundamentally the structure, the organization of firms (as reflected in stocks) is wrong. It takes a long time to refactor that organization for a new start of positive feedback.>> <<@rw-xf4cb says : Assets need to be fungible gold, land - not bitcoin (look at NFTs people thought they were going to the moon and it was utter garbage). bitcoin is working as there is confidence soon as that's gone it will be zero. Land is land physical and can support life, high rise apartments are not land and thus will be not worth much over time. Gold is mostly confidence due to its long lived history of being a there in good and bad times.>> <<@rw-xf4cb says : Peter Zeihan brought up an interesting comment - Japan screwed itself doing a GFC in the 1980/90s. They are now 500% debt to GDP in 2020s and still going and printing more and more money. USA is only near 100% of GDP so it still have loads of time to keep printing money before there is any concern about debt. USA in theory has 15-20yrs to get to 500% debt to GDP>> <<@Dan-km7nu says : Haha all he does is drop the F- bomb and think he's intelligent. The Schiff Gold bloke is on a different level. Tom's dignified and intelligent. The other guy should be a psycholigist, granted not a very good one.>> <<@Cashiez says : Does it go out the toilet to the moon>> <<@Cashiez says : Look at the goldprice since 2008,I mean the gold standard didn't get removed yesterday, but golds gone bananas since 2008>> <<@pauljamieson803 says : No talk on how people make a living when AI & Robots talk over almost all work?>>