A speaker argues that AI automation will cause deflation, making fiat currency obsolete. He contends that real wealth is tangible resources like food and water, not money, and cites how indigenous societies function without currency at all.
Next 10 years can be bad for financial markets. Okay. I really like Elon Musk, right? I do. And what he said in his recent interview just the other day was that basically goods and services are going to go through the roof due to AI in the next 3 years. And when goods and services go up, inflation goes down. Okay, and you get deflation because money itself, money itself is nothing unless there's labor, right? Unless there's some kind of labor. But guys, remember, they are valuing their Bitcoin against the dollar still. So what is a Bitcoin worth if the dollar doesn't exist? So remove the dollar from existence, remove all fiat currency. What's more useful, a Bitcoin or a cash piece of cash? At least you can eat the cash, maybe get one calorie and some ink poisoning out of it. You know what I'm saying? At least you can eat the cash. Now, what's better, a piece of gold or cash? Probably the gold because it's shiny, right? Cash is trash. It's temporary. Yeah, cash is— I agree, cash is trash. But yeah, none of all money is— you have to red pill yourself that money is a concept. Like, money is a game that very smart people made up, right? Including some very dark human beings made it up and propagated it. And then now they've got people dedicating their whole life to working for another human being, and that human being is working for another human being, and it's a big pyramid, right? Goes all the way up, and there's one dude at the top who he's still working for the paper rectangle that means nothing, dude. This is money. Wait, let's do the dollar sign, you know? Boom, boom, boom. This is money, right? Yeah, hit the like button. Hit the like button for this. This is money. That is a circular, you know, bubble of game that people are playing, you know? And like, there's like tribes in Africa and stuff in the Amazon Like, think about an Amazon tribe. They have no idea what the heck money is. They don't care what your stupid paper rectangle is. They would like— if you guys could sync up and just talk English for a second to both of— like, each person could understand each person and you told them that you work so hard for this paper rectangle, they would be like, what? But that's just our way of getting food and stuff. They have like this. Oh, shoot, bro. The nature, man. The nature. This is the other bubble where, where real life exists. So what's, what's valuable over here? Is kind of the same stuff that's valuable over here. Food, food, water. I always say you cannot eat that money. You could have the biggest stack of cash in front of you. You can't eat it. You can buy food from somebody producing food, and that person's almost in a better spot than the person with all the money. Because in an— I always think in an apocalypse, like, the farmer is not going to start taking money. The world is over, right? Zach, that's the quality of drawing we're rocking with, right? The quality. Yeah. Shelter, bullets, ammo, guns, food, water. Anyone with self-sustaining anything. But then I'm like, okay, they're not going to let it get there though. Like they're not going to let it get to apocalypse level in the States and Canada. Will they? Maybe. I mean, there's people on Earth that are living in apocalypse conditions right now. So it's got to loop back and be grateful that you're not living in apocalypse level, apocalypse level stuff.
