🔥 Get FREE ACCESS to Real Vision rvtv.io/3Y4t5Pw (00:00) Sponsor: Kraken OTC (01:41) Raoul’s Financial Journey: From Democratizing Finance to Exponential Age (03:50) The Rise of AI: Implications for Society and Economy (05:31) GDP Growth and the Economic Singularity Formula (08:22) The Role of Debt, Population, and Productivity in Future Economies (10:10) Robots and AI: The Future of Labor and Productivity (12:05) Infinite Human Knowledge: The Disruption of Scarcity (15:28) The Future of Energy: Renewables and Economic Impact (17:01) AI Agents and the New Economic Paradigm (20:38) The Role of Blockchain and Crypto in the Coming Transformation (24:03) Business Models of the Future: How AI Will Reshape Industries (28:20) The Urgency of the Next Six Years: What You Need to Do (32:59) The Value of Community in the Age of AI and Digital Transformation (34:01) The Deflationary Impact of Infinite Intelligence (37:34) How Real Vision Is Adapting: AI, Blockchain, and New Business Models (38:08) The Rise of AI Companions: The Future of Human Connection
Raul Pal = crypto version of Jim Cramer. Wanna lose money follow this guy... He still doesnt understand why supporting centralized !@#$ coins like SOL is bad for the longevity of crypto. End of story.
Don’t forget to focus on your HEALTH while focusing on the wealth creation. We come with nothing, we leave with nothing. Enjoy the game called life, enjoy the ride.
Here's a better way of thinking about change which originates from Nassim Nicholas Taleb: "be anti-fragile." That is to say, set your life up so that you benefit from chaos and unpredictability - that's called being anti-fragile. That is more profound than anything that Raoul Pal Chow decries.
Cost of electricity in Europe has been going up for years. You are a millionaire living in the Caymans. You have no idea what everyday live looks like. Sometimes you are simply delusional Raoul. Still love you!
Raoul's looking at the derivatives (trend and acceleration), you're looking at where we are right now. I'm not saying he's right, I'm just saying you're not looking at the same thing.
True happiness is fleeting and subjective. For freedom many of us will sacrifice happiness as well as our lives. We don’t want to live under a totalitarian dictatorship, in any form. Freedom above all, but what is freedom if not the ability to search for a better life, love and happiness?
"better AI will give you better stock picks" that's not the case, because everyone will have access to the same (consumer) model so any alfa will immediately dissipate
Either way non investors, with zero knowledge, will be able to invest should they choose to do so. They will have a pocket financial advisor, accountant and trader/investor. Zero barrier to entry, should you choose to enter
It is because better AI will still require better questions as inputs. So the people with the best inputs will get the best answers. Oh and is it Alpha not Alfa! It’s Greek.
If GDP is a function of population, productivity and debt....and population growth is falling and debt is being managed lower in real terms, through inflation and monetary debasement, and productivity is the only variable that can increase through AI and robotics, I'm wondering 2 things. To have GDP growth you have to have an increase in exchange of resource (labour, raw material or product) for $$.....if population is decreasing and robots don't need to be paid and they don't need to consume either (other than electricity which may will get cheaper with increased use of the nuclear reactor in the sky)....who is spending $$ on the outcome of this increased productivity to create GDP growth? As population ages and falls and robots fill the hole in this productivity crater...who's earning $$ and paying the taxes to get government's balance sheet restored where you have less employees and less consumption so a universal basic income is even probable alongside existing healthcare, social welfare and defence budgets? Maybe the infatuation of growth for growth sake needs to be revisited....perhaps the singularity is not an ai/robotics/economic outcome but a human one.
Wild guess here but I'm imagining governments will panic and go after the only ones that have a bag left to plunder which will be giant digital neo feudal tech landlords
Your question conjures up the image of the art installation by Sun & Peng called " Can't Help Myself" . It's a robot arm tirelessly working to contain a pool of blood.
But the other side of GDP is consumption. So who will consume all the goods and services a 30% jump in GDP would produce? And how will they earn the currency units to make those purchases?
Capitalism is very efficient at providing the things that people with money want. So I'd imagine the few super rich will be buying stuff, markets will rearrange to only produce those things, and the rest of us will be lucky if we get UBI. The only thing worse than being enslaved is being irrelevant.
I'll consume cheaper food and housing. cheaper transport would be nice too. Heck, productivity gains in health care, education, and services wouldnt be so bad either. There are billions of people who are not middle class in the world.
If everything is automated, then people working becomes, what will matter is land, resources, and technology. Selling things to an irrelevant mass of plebs becomes pointless, at least under capitalism.
Why is no one concerned about Nihilism becoming widespread after there is no real purpose for humans with no jobs, people camplain about working, but it gives everyone an identity, purpose and meaning, which sectors and fields as we know now will survive?
This is the reason why they are planning to vote on a bill on assisted dying in the UK. Initially it will be voluntary, however, there is a thin veil between voluntary and compulsory.
If one types into google AI - "What happens when government institutes price controls?", it will tell you exactly what will happen. Yet - Kamala is out there pushing for price controls. If only she knew how to use AI... 🤣🤣🤣
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
For the average individual, the tactics are rather demanding. Actually, most of them are effectively completed by professionals who possess the necessary knowledge and skill sets to carry out such trades.
Got swallowed up by sharks. The market is corrupt and manipulated by the big players. No amount of ‘education’ will overcome this fact. Do not invest in the market, you’ll only lose. Money is worth less and less each day, so no matter how hard you work or what ‘strategies’ you have, you’re at the mercy of forces outside your control.
and during periods of high vol it is most tempting to "work harder", and see what media/news are saying about the moves. Which mostly just increases confusion 🙃
@@janineclarkson3991 Farms that are specialized to grow certain subsidized crops will absolutely benefit from the implementation of AI. However, small holding farms that grow a variety of crops and raise livestock, never.
Most leaders will hand over their authority to the false messiah when he arrives. He will make decisions for them because the world will be is chaos. Get ready!
Love your vids but am in the camp of not seeing energy costs going to zero - it's going in the opposite direction with my electric bill here in Athens and this past week huge protests and pushback against Lithium mining in Serbia (from where Europe expects the resources to make a green transition). IMO, finite resources create scarcity and cause prices to rise.
in australia they are bringing in a charge to cover the 'cost' of taking the solar power from the domestic panels - the more free power you generate for them the more they will charge you
It started in Spain, until 2018 you had to pay for generating electricity. Impuesto al sol. Can you believe it? It stopped people from going self sufficient…
This video is like a Marvel movie, Raoul has just thrown every new-new thing he has heard into one overarching plot, without considering if all the pieces make sense. 'And then the aliens arrive, and then the water people show up, and then we all get mutant powers, and then gamma rays' The logical flaw in this is that AI is unproven, robots are unproven, and free energy is ALSO unproven, and there is no reason to assume they will all work well together, and take all our jobs. Also, if robots could do everything, its just like when China started making everything, it drives DOWN retail costs, so its not the threat he thinks it is, even if it works, which it won't.
How about from the ethical point of view? How are the regulations going to look like to implement all that crazy stuff into our daily lives? Recap: We saw a huge strike in Hollywood recently because of AI.
There's going to be a lot of people left behind in both the developed and developing world, unable to keep up due to language and educational barriers or just because they can only focus day to day, pay check to pay check. As you age you quickly can't deal with this stuff anymore. At least we can have Raoul to make some sense of how change is coming. But how will the left behind cope.
The part of this that you definitely have wrong is electricity prices going to zero. AI and AGI is developed in vest server farms, which draw astounding volumes of electricity. The hardware race, of which NVIDIA is a huge winner, is seeing the way to compete in AI and AGI. Plans for new server farms are being rushed to authorities for approval. It’s alarming them, because there is now way to power them all. Far from going to zero, the price of electricity is going to explode.
The price of electricity would likely explode to begin with but if there's enough energy for AGI to exponentially improve indefinitely, it would be able to work out ways to create energy for free at a rapid pace compared to human researchers/scientists/engineers, as you'd theoretically have infinite intelligence of an infinite amount of "researchers" with infinite time working to solve the problem, that also increases exponentially. There is a large possibility that we don't have enough energy (generation capabilities) to get to that point though.
Honestly, the AI stuff is nowhere near a useful state. Everyone who uses it for, for example, programming knows it limitations. No complex things are possible with AI, and even if we have exponential capability scaling, the problem we actually need to solve are exponentially harder than everything AI can do right now. So the scaling to outpace human engineering will take time. Also robots are fragile. Lets say we get AI to an energy efficiency that does not need a warehouse for cooling infrastructure, the integration will take way longer. The amount of silicon required for this transition (as presented here) vastly exceeds the production capability. Overall, this sounds like someone who is getting their education from marketing and pitch-deck instead of experience.
Interesting that people think the earth will always be in this state of relative calmness. When the earth becomes unstable, it will be the developed nations that will disappear first.
Renewable energy is not cheaper, it is far more expensive if you take the system costs. Something the Germans really learn at the moment the hard way. And you have to rebuild the energy grid bottom up new with 10 times capacity. That takes a lot of time. 50 years at least with real-world resources.
Agree... renewables (solar and wind) have increased wholesale electrical production cost by about 300% wherever they have been installed in bulk. Likewise, renewables have increased the cost of electrical transportation to the retailer by 250%. (Note that the cost of transportation is a fraction of the wholesale cost of generation). Similarly, it takes about 10 years to construct about 1,000 MW of generation capacity for a solar/battery asset compare to 3 years for the same sized natural gas based asset.
you better prepare to be millionare one day and dont have nothing next day, you have 6 years to develop your innerself as much as possible , in fact 3 years
We create AI. The singularity happens. It evolves into super form of life. It discovers time travel. It travels from the future to this current era to micro manage human evolution in order to ensure it's survival. So that means that aliens and flying saucers are AI from the future bro!
Aliens are a deception from Satan not from AI. AI will control the world commerce in the future - “the beast” The best thing to do is to ready for the times ahead by praying and having wisdom to help guide us through the times coming to this world.
our investment holds assets, money is just the unit to measure the asset’s value. If you have a 1000mm stick, it does not matter if you measure it as 1 meter or 40 inch.
this guy is perpetually wrong about everything. Guy was screaming bear market the whole way through COVID all the way to new highs. Do the opposite and you'll make money.
the "how" of the implementation of green energy ist the important thing. Europe and espsecially germany doing it of the cost of the energy-intensive industry. Germany has the highest electricity costs per kw/h. The industry is fleeing from germany. Hundreds of thousand of jobs leave the country.
The EU is lagging the USA in renewable energy. Exceptions are France and Scandinavia. UK is doing better than the USA. China talks the talk but doesn’t really do much renewable energy compared with its coal plant expansion.
21:59 most of us are onboard with what comes next , another question that needs to be answered is how long will that last if humans aren’t needed for just about anything / everything. What would a human’s purpose be? And, what will that world be like ,look like? Humans vs. A.I. . Because it will eventually get to that point
Pal, All Agentic Workflows have Memory. An AI without memory is not an agent. There are lots of definitions for Agentic Workflow but all include memory, tool use, thinking, planning, LLMs, messaging, environment,
Can you do a deeper dive into what you mean by deflation when governments are debasing the currency with creation of debt to try to out pace the deflation that technology brings? Does that mean everything becomes cheaper vs crypto? Or we have massive deflationary busts in fiat debt systems while no one can borrow to inflate our way out of so the deflation just continues in which case wouldn’t fiat be what you want to hold as all debts get defaulted on wiping out all but physical currency? 🤔
Renewables simply don’t scale. They are extremely energy inefficient on an EROEI basis relative to Nuclear and Fossil Fuels, and they require ton of natural resources…Metals, which are not being mined do to lack of capital investment, dwindling supply, lack of political will, etc.
Yes he moved from BTC to ETH and now he’s a SOL man. Last cycle he was calling for ETH flipping BTC in market cap. He was way off. That said he’s still very clearly a smart man, albeit one who sounds like he’s just discovered the F word.
Watching the crypto market's ups and downs shows how quickly things can change. The recent misinformation incident reminds us that external factors can shake things up. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. Stay alert, diversify, and let's ride this unpredictable market together. At the core is Milton Harper, whose deep understanding of crypto and traditional trading is key. His all-encompassing investment approach and staying updated on trends make him a valuable ally in this crypto era..
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Love your out look on the future. Been in crypto four years now. You're one of the few people who really understands how the world is changing. Thank you again for the brilliant insight. 🍻
Raoul needs to interview Joscha Bach. Answers to Raoul's deeper questions about the future meaning of money, personal property, employment, and human happiness might be available from Joscha, or at least Joscha could check if Raoul and the rest of us interested in a.i. are asking the right questions as the world enters unknown territory.
If things will become non-understandable in 6 years, you may be able to make much more money starting in 6 years than now if you are among the few who understand the new paradigm. A paradigm shift like what you're talking about shouldn't be avoided; rather, you should embrace it, thoroughly understand it, and monetize it to the max. while others are scared, ignorant, and avoiding it.
The financial system is capital, inflation investment interest rates debt.. it will all be replaced.. by something more human.. no billionaires now starving poverty 🙏
Building a product is not the same as building a business, building a brand. Some brands seem not to need a product, like famous people or places - so perhaps the future is only about brand and place... 🧐
What about the billionaire companies from energy industry. Think they will simply go out of business? No, they will pull every political rope available to steer money towards their pockets. They will make laws to have people pay for their losses.
🔥 Get FREE ACCESS to Real Vision rvtv.io/3Y4t5Pw
(00:00) Sponsor: Kraken OTC
(01:41) Raoul’s Financial Journey: From Democratizing Finance to Exponential Age
(03:50) The Rise of AI: Implications for Society and Economy
(05:31) GDP Growth and the Economic Singularity Formula
(08:22) The Role of Debt, Population, and Productivity in Future Economies
(10:10) Robots and AI: The Future of Labor and Productivity
(12:05) Infinite Human Knowledge: The Disruption of Scarcity
(15:28) The Future of Energy: Renewables and Economic Impact
(17:01) AI Agents and the New Economic Paradigm
(20:38) The Role of Blockchain and Crypto in the Coming Transformation
(24:03) Business Models of the Future: How AI Will Reshape Industries
(28:20) The Urgency of the Next Six Years: What You Need to Do
(32:59) The Value of Community in the Age of AI and Digital Transformation
(34:01) The Deflationary Impact of Infinite Intelligence
(37:34) How Real Vision Is Adapting: AI, Blockchain, and New Business Models
(38:08) The Rise of AI Companions: The Future of Human Connection
Raul Pal = crypto version of Jim Cramer. Wanna lose money follow this guy... He still doesnt understand why supporting centralized !@#$ coins like SOL is bad for the longevity of crypto. End of story.
@@taccntb4345 Harsh!
For sure you gonna hit several millions of subs pal
Your right about AI and Automation, The wealth inequality will go into Extreme Mode Soon. Have Yacht's and Have Nots!!!!
Don’t forget to focus on your HEALTH while focusing on the wealth creation.
We come with nothing, we leave with nothing.
Enjoy the game called life, enjoy the ride.
There was consciousness before creation
@@Lucas-j5u8t can you explain more?
Profound words. "invest in the change instead of fearing the change".
Here's a better way of thinking about change which originates from Nassim Nicholas Taleb: "be anti-fragile." That is to say, set your life up so that you benefit from chaos and unpredictability - that's called being anti-fragile. That is more profound than anything that Raoul Pal Chow decries.
@@BRichard312and you can be bill gates type rich too and marry a top model and have healthy life till 105 as per nassem taleb
@@asinh1100😂😂😂😂
Raoul is leaving one important item out of his equation, he is leaving out the malice of the ruling class elites.
He’s counting on it
They hate us.
I’d love to hear how you think that might play out
They want to create a permanent serf class that have no property rights.
The rise of speculation in the protocols of the learned elders of zion
Cost of electricity in Europe has been going up for years. You are a millionaire living in the Caymans. You have no idea what everyday live looks like. Sometimes you are simply delusional Raoul. Still love you!
We will never have free energy. The trend shows that we will pay more for everything over time not less
Theres that word, Never
You know that power costs can still go down for large companies, while still going up for us plebs, right?
Trend is starting to reverse already.
Raoul's looking at the derivatives (trend and acceleration), you're looking at where we are right now. I'm not saying he's right, I'm just saying you're not looking at the same thing.
No matter what:
❤ You own nothing and be happy..
True happiness is fleeting and subjective. For freedom many of us will sacrifice happiness as well as our lives. We don’t want to live under a totalitarian dictatorship, in any form. Freedom above all, but what is freedom if not the ability to search for a better life, love and happiness?
Yes! They have the plan! They follow the plan!
Raoul Pal should go back to London - he is very dark ! Did he take the jab ?
When you're told we have 6 years to accumulate be sure that you have your target in 4-5 years.
True, run away from group think
"better AI will give you better stock picks" that's not the case, because everyone will have access to the same (consumer) model so any alfa will immediately dissipate
Yes. Or just do the exact opposite
Either way non investors, with zero knowledge, will be able to invest should they choose to do so. They will have a pocket financial advisor, accountant and trader/investor. Zero barrier to entry, should you choose to enter
It is because better AI will still require better questions as inputs. So the people with the best inputs will get the best answers. Oh and is it Alpha not Alfa! It’s Greek.
always go in the opposite direction from the masses
@@adamsmith4982 Right now, it does. But in the future that might not be the case anymore.
If GDP is a function of population, productivity and debt....and population growth is falling and debt is being managed lower in real terms, through inflation and monetary debasement, and productivity is the only variable that can increase through AI and robotics, I'm wondering 2 things.
To have GDP growth you have to have an increase in exchange of resource (labour, raw material or product) for $$.....if population is decreasing and robots don't need to be paid and they don't need to consume either (other than electricity which may will get cheaper with increased use of the nuclear reactor in the sky)....who is spending $$ on the outcome of this increased productivity to create GDP growth?
As population ages and falls and robots fill the hole in this productivity crater...who's earning $$ and paying the taxes to get government's balance sheet restored where you have less employees and less consumption so a universal basic income is even probable alongside existing healthcare, social welfare and defence budgets?
Maybe the infatuation of growth for growth sake needs to be revisited....perhaps the singularity is not an ai/robotics/economic outcome but a human one.
Wild guess here but I'm imagining governments will panic and go after the only ones that have a bag left to plunder which will be giant digital neo feudal tech landlords
Very well thought out
Well said
Definitely interesting questions
Your question conjures up the image of the art installation by Sun & Peng called " Can't Help Myself" . It's a robot arm tirelessly working to contain a pool of blood.
But the other side of GDP is consumption. So who will consume all the goods and services a 30% jump in GDP would produce? And how will they earn the currency units to make those purchases?
BINGO!
Capitalism is very efficient at providing the things that people with money want. So I'd imagine the few super rich will be buying stuff, markets will rearrange to only produce those things, and the rest of us will be lucky if we get UBI. The only thing worse than being enslaved is being irrelevant.
I'll consume cheaper food and housing. cheaper transport would be nice too. Heck, productivity gains in health care, education, and services wouldnt be so bad either.
There are billions of people who are not middle class in the world.
If everything is automated, then people working becomes, what will matter is land, resources, and technology. Selling things to an irrelevant mass of plebs becomes pointless, at least under capitalism.
@@-whackd Why do you figure they'd be cheaper?
Anyone who lived through the creation of the modern consumer internet from the 1990s knows what is happening, except this time it is on steroids!!
Why is no one concerned about Nihilism becoming widespread after there is no real purpose for humans with no jobs, people camplain about working, but it gives everyone an identity, purpose and meaning, which sectors and fields as we know now will survive?
This is the reason why they are planning to vote on a bill on assisted dying in the UK. Initially it will be voluntary, however, there is a thin veil between voluntary and compulsory.
In 2030 the headline will read wait until 2038. Lol.
Imagine if we still had Tesla’s findings of harnessing the earth’s ether for free energy for everyone
John G. Trump, the uncle of President Donald Trump has that information (probably)
Knowledge, knowledge everywhere and not a drop to think (societies in 2030)
Well said,
If one types into google AI - "What happens when government institutes price controls?", it will tell you exactly what will happen. Yet - Kamala is out there pushing for price controls. If only she knew how to use AI... 🤣🤣🤣
Not a thought to think 🤷🏻♂️
Thanks Raoul for your ongoing efforts to educate us in these important matters.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
For the average individual, the tactics are rather demanding. Actually, most of them are effectively completed by professionals who possess the necessary knowledge and skill sets to carry out such trades.
Got swallowed up by sharks. The market is corrupt and manipulated by the big players. No amount of ‘education’ will overcome this fact. Do not invest in the market, you’ll only lose. Money is worth less and less each day, so no matter how hard you work or what ‘strategies’ you have, you’re at the mercy of forces outside your control.
and during periods of high vol it is most tempting to "work harder", and see what media/news are saying about the moves. Which mostly just increases confusion 🙃
@@jacobwinn2765 external locus of control. You would get wrecked with this mindset
If the value of labour and energy go to zero, why would capital have any value either?
Robotics and AI will never replace farmers and ag workers. Labor will never go to zero. Energy? That depends on who's in charge.
@@rythmicwarriormaybe farmers that don’t use AI get replaced by farmers that do 🤨
@@janineclarkson3991 Farms that are specialized to grow certain subsidized crops will absolutely benefit from the implementation of AI. However, small holding farms that grow a variety of crops and raise livestock, never.
smart guy Garret
@rythmicwarrior your small farm will be absorbed into the collective. Resistance will be futile
When can we replace the politicians with AI?
Most leaders will hand over their authority to the false messiah when he arrives. He will make decisions for them because the world will be is chaos. Get ready!
fertilizer for gardens
Sky net 😂
Hear hear
Things would go from bad to worse.
Apart from your stellar economic analysis...I most enjoy your posh English language... Reminds me how things used to be
Love your vids but am in the camp of not seeing energy costs going to zero - it's going in the opposite direction with my electric bill here in Athens and this past week huge protests and pushback against Lithium mining in Serbia (from where Europe expects the resources to make a green transition). IMO, finite resources create scarcity and cause prices to rise.
Same in Australia. With all the solar and wind we have plus the abundance of gas, our electricity and gas prices have skyrocketed! It’s a joke.
I'm really interested to know how has your electricity gone up if your using solar panels?
He's talking about the future, not the present
in australia they are bringing in a charge to cover the 'cost' of taking the solar power from the domestic panels - the more free power you generate for them the more they will charge you
That’s Australia for you. Aren’t people complaining hard about this?
It started in Spain, until 2018 you had to pay for generating electricity. Impuesto al sol. Can you believe it? It stopped people from going self sufficient…
My first long form viewing of Raoul. Impression: This guy is a crazy mixture of realist, evangelist, and childlike gullibility.
It will be our job to be better at being living beings.
People who worship money are unable to do that, because money is king and that comes above anything and everything else.👍🏻
Im still only down 50% on my Raoul irresponsibly long trade idea. Wen 10K?
this guy is the infinity gauntlet of investing, if you listen to him, half your capital just disappears with the snap of a finger XD
as soon as you sell
This video is like a Marvel movie, Raoul has just thrown every new-new thing he has heard into one overarching plot, without considering if all the pieces make sense. 'And then the aliens arrive, and then the water people show up, and then we all get mutant powers, and then gamma rays' The logical flaw in this is that AI is unproven, robots are unproven, and free energy is ALSO unproven, and there is no reason to assume they will all work well together, and take all our jobs. Also, if robots could do everything, its just like when China started making everything, it drives DOWN retail costs, so its not the threat he thinks it is, even if it works, which it won't.
Agree, BUT, it gives some fresh perspectives for me
Yeah, it's called SkyNet. James Cameron showcased it in a movie 40 years ago.
How about from the ethical point of view? How are the regulations going to look like to implement all that crazy stuff into our daily lives? Recap: We saw a huge strike in Hollywood recently because of AI.
a lot of things will break. We humans will be sorting it out for a while
There's going to be a lot of people left behind in both the developed and developing world, unable to keep up due to language and educational barriers or just because they can only focus day to day, pay check to pay check. As you age you quickly can't deal with this stuff anymore. At least we can have Raoul to make some sense of how change is coming. But how will the left behind cope.
Live in ze pod,eat ze bugs.
what are the effects for them when they left behind in a change within overnight
Should give elon a shout out for reusing his words for framing the sun as a infinite solar reactor. Its a powerful illustration for making a point
That's not Elon's idea, it's called a Dyson sphere for a reason
Thanks from Granada (Spain)
The part of this that you definitely have wrong is electricity prices going to zero. AI and AGI is developed in vest server farms, which draw astounding volumes of electricity. The hardware race, of which NVIDIA is a huge winner, is seeing the way to compete in AI and AGI. Plans for new server farms are being rushed to authorities for approval. It’s alarming them, because there is now way to power them all. Far from going to zero, the price of electricity is going to explode.
The price of electricity would likely explode to begin with but if there's enough energy for AGI to exponentially improve indefinitely, it would be able to work out ways to create energy for free at a rapid pace compared to human researchers/scientists/engineers, as you'd theoretically have infinite intelligence of an infinite amount of "researchers" with infinite time working to solve the problem, that also increases exponentially.
There is a large possibility that we don't have enough energy (generation capabilities) to get to that point though.
Honestly, the AI stuff is nowhere near a useful state. Everyone who uses it for, for example, programming knows it limitations. No complex things are possible with AI, and even if we have exponential capability scaling, the problem we actually need to solve are exponentially harder than everything AI can do right now. So the scaling to outpace human engineering will take time.
Also robots are fragile. Lets say we get AI to an energy efficiency that does not need a warehouse for cooling infrastructure, the integration will take way longer. The amount of silicon required for this transition (as presented here) vastly exceeds the production capability.
Overall, this sounds like someone who is getting their education from marketing and pitch-deck instead of experience.
Not true
The Economic Singularity!!!!
Indeed!
We have probably hit peak consumption worldwide. With the main demand in luxury goods with artificial scarcity.
Interesting that people think the earth will always be in this state of relative calmness. When the earth becomes unstable, it will be the developed nations that will disappear first.
materialism and elitism is DEAD
Delusional. Rich guy who doesn't understand reality, tries to explain "reality." Amusing
Renewable energy is not cheaper, it is far more expensive if you take the system costs. Something the Germans really learn at the moment the hard way. And you have to rebuild the energy grid bottom up new with 10 times capacity. That takes a lot of time. 50 years at least with real-world resources.
Agree... renewables (solar and wind) have increased wholesale electrical production cost by about 300% wherever they have been installed in bulk. Likewise, renewables have increased the cost of electrical transportation to the retailer by 250%. (Note that the cost of transportation is a fraction of the wholesale cost of generation). Similarly, it takes about 10 years to construct about 1,000 MW of generation capacity for a solar/battery asset compare to 3 years for the same sized natural gas based asset.
only the finite will have value, buy land, doesn't matter where
Who is buying als the products when „everyone“ is unemployed?
Universal basic income
you better prepare to be millionare one day and dont have nothing next day, you have 6 years to develop your innerself as much as possible , in fact 3 years
We create AI. The singularity happens. It evolves into super form of life. It discovers time travel. It travels from the future to this current era to micro manage human evolution in order to ensure it's survival. So that means that aliens and flying saucers are AI from the future bro!
Aliens are a deception from Satan not from AI. AI will control the world commerce in the future - “the beast”
The best thing to do is to ready for the times ahead by praying and having wisdom to help guide us through the times coming to this world.
But whats the point of investing, if we dont know what money will be after 6 years?
our investment holds assets, money is just the unit to measure the asset’s value. If you have a 1000mm stick, it does not matter if you measure it as 1 meter or 40 inch.
Gold and silver is money. Fiat is a debt instrument.
Properties
BASED!
🔥 Get FREE ACCESS to Real Vision rvtv.io/3Y4t5Pw
This would noticeably happen over years. It won’t suddenly occur. Dressing it up like some urgent doomsday is misleading.
The title says six years, what are you referring to
this guy is perpetually wrong about everything. Guy was screaming bear market the whole way through COVID all the way to new highs. Do the opposite and you'll make money.
Great Presentation!! It sounds like being a skilled professional (Building Trades, etc) may be one of the few areas to go!
Thanks Raoul.... you are a British institution
A British institution? Well, I guess that makes me the tea and crumpets of TH-cam!
@@RaoulPalTJM Chocolate fingers with the tea
@@RaoulPalTJM lol
TLDR, buy BTC and NASDAQ100 tracker
the "how" of the implementation of green energy ist the important thing. Europe and espsecially germany doing it of the cost of the energy-intensive industry. Germany has the highest electricity costs per kw/h. The industry is fleeing from germany. Hundreds of thousand of jobs leave the country.
Proper blue sky thinker this bloke
The EU is lagging the USA in renewable energy. Exceptions are France and Scandinavia. UK is doing better than the USA. China talks the talk but doesn’t really do much renewable energy compared with its coal plant expansion.
False
21:59 most of us are onboard with what comes next , another question that needs to be answered is how long will that last if humans aren’t needed for just about anything / everything. What would a human’s purpose be? And, what will that world be like ,look like? Humans vs. A.I. . Because it will eventually get to that point
Most people are already well on that path, enjoying life as long they can consume and post stories on Instagram and TikTok.
Imagine being a crypto-bro-youtuber making bad predictions for 10 years straight and still getting an audience. Internet is a mysterious thing indeed.
Nah, chosen ones get attention as planned
Pal, All Agentic Workflows have Memory. An AI without memory is not an agent.
There are lots of definitions for Agentic Workflow but all include memory, tool use, thinking, planning, LLMs, messaging, environment,
¡Muchas gracias! ❤
electricity costs in europe are the highest in the world, lol.
Bro has been TANNING 😎☀️
Cayman, Spain, and Portugal will do that!
Great voice to listen to.
Thanks
Hit the like and subscribe, not because Raoul Pal needs the money. But because you definitely do! 👍
Raoul, can you interview Elena Stein?
Fxstein 💯 .that's it
she's mostly on Telegrams, using the user name
Manypeople lost their retirement in 2008 but didn't really understand that
Can you do a deeper dive into what you mean by deflation when governments are debasing the currency with creation of debt to try to out pace the deflation that technology brings? Does that mean everything becomes cheaper vs crypto? Or we have massive deflationary busts in fiat debt systems while no one can borrow to inflate our way out of so the deflation just continues in which case wouldn’t fiat be what you want to hold as all debts get defaulted on wiping out all but physical currency? 🤔
Watch his everything code video that came out a few weeks ago.
He's just selling crypto. It doesn't have to be logical
@@Skippy-s1g 😆 So true.
Renewables simply don’t scale. They are extremely energy inefficient on an EROEI basis relative to Nuclear and Fossil Fuels, and they require ton of natural resources…Metals, which are not being mined do to lack of capital investment, dwindling supply, lack of political will, etc.
Raoul is a gent
What he is missing is Bitcoin / not “crypto”. But he’s close …
Yes he moved from BTC to ETH and now he’s a SOL man.
Last cycle he was calling for ETH flipping BTC in market cap.
He was way off. That said he’s still very clearly a smart man, albeit one who sounds like he’s just discovered the F word.
Everything code! Love from 🇨🇦
Phew! That was intense - probably a video to watch twice.
Let’s go. BTC.
Watching the crypto market's ups and downs shows how quickly things can change. The recent misinformation incident reminds us that external factors can shake things up. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. Stay alert, diversify, and let's ride this unpredictable market together. At the core is Milton Harper, whose deep understanding of crypto and traditional trading is key. His all-encompassing investment approach and staying updated on trends make him a valuable ally in this crypto era..
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Nat gas is much cheaper than renewable in US (~$2). AI will require energy, so it is time to invest in energy stocks not technology.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Some people, but very few. There are many more who have lost their 10k with foolish investments versus the ones that have become millionaires.
You should interview Gary of Gary's economics, awarded best trader of the world at Citibank.
I'm a rational man Raoul. Show me the data on businesses that LLMs have disrupted.
Love your out look on the future. Been in crypto four years now. You're one of the few people who really understands how the world is changing. Thank you again for the brilliant insight. 🍻
Appreciate you!
Ur videos are always exciting and educative ❤ keep it up Raoul
Thank you
Raoul needs to interview Joscha Bach. Answers to Raoul's deeper questions about the future meaning of money, personal property, employment, and human happiness might be available from Joscha, or at least Joscha could check if Raoul and the rest of us interested in a.i. are asking the right questions as the world enters unknown territory.
If things will become non-understandable in 6 years, you may be able to make much more money starting in 6 years than now if you are among the few who understand the new paradigm. A paradigm shift like what you're talking about shouldn't be avoided; rather, you should embrace it, thoroughly understand it, and monetize it to the max. while others are scared, ignorant, and avoiding it.
Meh. 6 years to enjoy life
Thanks!
No problem!
Excellent video. Thank you
You are welcome!
You can't have videos starting directly into commercials and advertisements.I lost interest and It turned the video off off immediately.
Your loss man
Great stuff as always, Raoul. Look forward to your next Drinks with Raoul AMA.
Get ready for Thursday!
The financial system is capital, inflation investment interest rates debt.. it will all be replaced.. by something more human.. no billionaires now starving poverty 🙏
What food are we going to eat?
We will eat Baby robots
Nonsequitor....does not compute
Thank you very much for posting this video. Highly appreciated. 6 Years ? Can do !
We need a reevalution of priorities...unfortunately wealth distribution will never occur
Where does the energy come from to fuel block chain ...... renewables??
the machines to harness sunlight and wind are very expensive for now
This is why SGB Songbird and Flare are the future. AI & Data & Crypto.
Building a product is not the same as building a business, building a brand. Some brands seem not to need a product, like famous people or places - so perhaps the future is only about brand and place... 🧐
Excellent
What about the billionaire companies from energy industry. Think they will simply go out of business? No, they will pull every political rope available to steer money towards their pockets. They will make laws to have people pay for their losses.
Thank you.
what's the evidence that energy will become cheaper? this has yet to be proven. if so, show us the data for that.
Very insightful , Thanks Raoul
🤘Thank you. Excellent information! 🤘
thnk u for clips ❤
RPJM Clips are coming soon...
Love your content, thank you.
Thanks Raoul for being so generous with your deep and wide knowledge.
Done great points in this video, just a little on the extreme side perhaps