I am new to learning about Jeff Booth's ideas. I am amazed at how much he predicted of 2021. He called El Salvador adopting Bitcoin 6 months before it was announced. Brilliant guy!
@@stephennordstrom3939 haha, you completely missed the point of the video. Humanity is at a fork, you either follow the same path we have until now and trust central banks or you use bitcoin. There is no 3rd way
For a while I thought these two Booths were married... LOL Seeing them together, I can see that is not logical or viable, she is has too much fire in her, and he is as calm as they come... both super intelligent and informed. I mean, what could he do or would do with a woman like her?? See what I mean!! Exactly!
I have a better question than how to protect wealth, what career do I choose. If tech jobs all go to india, what are we supposed to do, get a union job in healthcare, education or construction maybe? Or maybe an entrepreneur of some sort?
Computers are always good. Technology concerning manufacturing, computer programming. To work in tech you could also specialize in things like computer chips/technician work.
You or someone on your staff should read "Money And Bitcoin: Everything You Were Never Taught In School". It's on Amazon. To truly understand everything that was just said, this book explains it ALL in simple language a ten year old can understand. The knowledge will change the way you think about money forever. You will pass the info in this book on to your children to teach their children. Inflation, deflation, how to fix our monetary system, how to protect yourself from what is coming, how we got into this mess, who put us here, how to get out, and much more is packed into about 100 pages. It's a short read you'll go over many times.
I cover this in my podcast “the coming rise in the dollar” it’s been going up ever since, but I see some downward pressure coming in the short term from the Suez Canal and the infrastructure package possibly.
Yeah steeltwo is on point. The dollar will get stronger and will be the last domino to fall. Many will be fooled as a result of the dollar strengthening and will get blindsided when it finally goes bust.
Hang on I’m confused, on one hand you guys say that deflation’ is coming and on the other Daniele is saying that in inflation the divide will put distance between the rich and the poor…can someone put the steps in order of merit, which comes first deflation or inflation…how can we have inflated real estate when Jeff says technology is fighting against inflation?…and I’m surprised becoz Jeff says she is correct without explaining why?
It's central banks that are creating inflation in real estate because the system requires it. They're creating that inflation DESPITE the deflationary nature of the world. You missed the most important message of the video
outstanding conversation. Great guests with so much insight. I have to say Jeff and Danielle changed my thinking, Maybe it isnt a nefarious conspiracy. maybe it really is people stuck and trapped in a dying corrupt system and cant find a way out without bringing an overdue collapse,interesting
Amazing, absolutely amazing! I'm leaving this comment instead of a like as a token of my appreciation for the person/people behind this video #nolikeswithoutdislikes
Are you not familiar with moores law? This is the deflationary quality of information technology he is referring to, but every advance in technology is deflationary logically because it makes outcomes cheaper.
He is a construction guy. It looks like doesn't know much about technology but sits on boards of tech companies, so he brings his business acumen and street smarts to the table. And in return he gets lots of info from real techies.
So...interest rates having been in decline since just after the Dot-com bubble, and really flat-lining since the 2007 Housing Crisis. Yet the dollar has been increasing in value, versus the basket of world currencies, and we have a massive deficit, and debt ($27 trillion). Interest rates have barely budged, even after COVID bonuses. The future holds massive deflation, not inflation. The judgement by these two analysts is deeply flawed. Listen to Cathy Wood's (Ark investing) explanation of this.
It's funny because all three are talking about the same thing. Deflation is coming but central banks will continue fighting it, destroying us all in the process. Do people even understand what the video is about? It's not about deflation vs inflation. It's about our whole monetary system being incompatible with reality!
Just by artificially stopping the number of Bitcoin to 22 million or whatever, Jeff counteracts his own argument on abundance. The Bitcoins or any other cryptos can be generated in abundance and hence they should be free.
I still don't understand what "technology is deflationary" really means. Technology to me seems exponentially inflationary... i.e. its eating everything. Can someone help me understand?
Think of Technology like the farm tractor when we hand-harvested it was a slow process the technology with the tractor allowed us to process more food much quicker reducing the cost of goods
Technology makes things cheaper and more abundant. In other words, it makes your currency more powerful in terms of purchasing power (deflationary). So you don't actually need more money to buy more stuff. Because stuffs are getting cheaper through technology. Another way to look at it, from supply and demand perspective, is that since tech produces everything more at cheaper price, there's actually more supply of goods and services in the market, compared to money that actually circulates in real economy (main street. Not wall street). Now this same deflationary forces (tech), also destroying 'old' jobs at the same time. And because of that, people are asking the government for aid. And in response, central banks and government attempt to counter those deflationary forces, by artificially generating inflationary forces through money printing. And that's where the mistake begun.. So the reason there's no inflation in terms of consumer price yet, is because the real economy can not recover yet due to pandemic. So all those printed money at the moment and to near future, will just end up inflating asset prices. And this will resulting in asset prices bubble, that will burst when real economy really recovering. The moment it starts recovering, all those money that's been staying in asset prices all this time, will go flood the real economy and hyperinflate consumer prices.
tech makes things (goods, services) cheaper at an increasing rate... the tech itself grows in adoption and in reach, but it makes other things much cheaper & faster to produce per unit of labour... it is an exponential process this is just the beginning...
Jeff is right that technology is saving us time. But somehow strangely enough, we still work 40 hours a week or even more. So there is something wrong in the world of work.
Jeff is a good kind man and we like him and we like the 2 other hosts as well.
Impressive content. This is the subject of our time, period. And almost everyone is missing it.
Danielle is so freaking smart. She never disappoints.
Wow that was excellent two great panelists! never heard of Jeff Booth before wow. Been following Danielle for years that was definitely mind opening
@Business Bro may I know what this is ?
Jeff is a dam G when it comes to economics education bro ive learned more from him in a couple months than i have in my entire life lol
I am new to learning about Jeff Booth's ideas. I am amazed at how much he predicted of 2021. He called El Salvador adopting Bitcoin 6 months before it was announced. Brilliant guy!
Excellent discussion!
Great discussion
Jeff booth is a Legend....
@35:00 this was all for seen. We are currently in a currency war with Russia and possibly China.
The one person to shift DMB toward B! Impressive
Thank you! Great discussion and Jeff Booth persuades another to embrace Bitcoin!
E
Minute 42:00, Jeff asks, what is money? J.P. Morgan answered "Gold" when asked! I'm still in J.P.'s camp.
Yes Richard, it looks as though Jeff may not have spent much time studying gold.
Most central banks have gold.
@@stephennordstrom3939 haha, you completely missed the point of the video. Humanity is at a fork, you either follow the same path we have until now and trust central banks or you use bitcoin. There is no 3rd way
@@FarfettilLejl Is that a theory or a fact?
How you get Jeff Booth and DDB on the same panel is brilliant. Thanks
that was incredible - thank you! really insightful
Are you two related? Been listening to both of you for a while.
Excellent video.
For a while I thought these two Booths were married... LOL
Seeing them together, I can see that is not logical or viable, she is has too much fire in her, and he is as calm as they come... both super intelligent and informed. I mean, what could he do or would do with a woman like her?? See what I mean!! Exactly!
The ying n the yang
I have a better question than how to protect wealth, what career do I choose. If tech jobs all go to india, what are we supposed to do, get a union job in healthcare, education or construction maybe? Or maybe an entrepreneur of some sort?
Computers are always good. Technology concerning manufacturing, computer programming. To work in tech you could also specialize in things like computer chips/technician work.
You or someone on your staff should read "Money And Bitcoin: Everything You Were Never Taught In School". It's on Amazon. To truly understand everything that was just said, this book explains it ALL in simple language a ten year old can understand. The knowledge will change the way you think about money forever. You will pass the info in this book on to your children to teach their children.
Inflation, deflation, how to fix our monetary system, how to protect yourself from what is coming, how we got into this mess, who put us here, how to get out, and much more is packed into about 100 pages. It's a short read you'll go over many times.
What was that at 40:31?
Haha, that's the sound of a dial-up modem
Youngsters won't understand
Work from home; why make the commute easier with infrastructure projects?
Very good discussion! Could someone explain to me what might push the dollar stronger in the short term?
Other currencies going bust and general destabilization on the global scale.
I cover this in my podcast “the coming rise in the dollar” it’s been going up ever since, but I see some downward pressure coming in the short term from the Suez Canal and the infrastructure package possibly.
Yeah steeltwo is on point. The dollar will get stronger and will be the last domino to fall. Many will be fooled as a result of the dollar strengthening and will get blindsided when it finally goes bust.
Excellent. Jeff Booth shows us the question of the decade
Hasn’t China outlawed Bitcoin?
Jeff said "Tonight's Debate "... is this from October??
Hang on I’m confused, on one hand you guys say that deflation’ is coming and on the other Daniele is saying that in inflation the divide will put distance between the rich and the poor…can someone put the steps in order of merit, which comes first deflation or inflation…how can we have inflated real estate when Jeff says technology is fighting against inflation?…and I’m surprised becoz Jeff says she is correct without explaining why?
It's central banks that are creating inflation in real estate because the system requires it. They're creating that inflation DESPITE the deflationary nature of the world. You missed the most important message of the video
The NAV of bitcoin has to be a negative number.
Buy BOTH Gold & Bitcoin.
outstanding conversation. Great guests with so much insight. I have to say Jeff and Danielle changed my thinking, Maybe it isnt a nefarious conspiracy. maybe it really is people stuck and trapped in a dying corrupt system and cant find a way out without bringing an overdue collapse,interesting
Transition of currency regime will be messy... Never bet against human nature...
Amazing, absolutely amazing!
I'm leaving this comment instead of a like as a token of my appreciation for the person/people behind this video #nolikeswithoutdislikes
are they siblings?
For a "tech entrepreneur," Jeff Booth is incredibly vague about technology, which is a very general term; he never mentions what kind of technology.
It’s probably in his book
Are you not familiar with moores law? This is the deflationary quality of information technology he is referring to, but every advance in technology is deflationary logically because it makes outcomes cheaper.
He is a construction guy. It looks like doesn't know much about technology but sits on boards of tech companies, so he brings his business acumen and street smarts to the table. And in return he gets lots of info from real techies.
So...interest rates having been in decline since just after the Dot-com bubble, and really flat-lining since the 2007 Housing Crisis. Yet the dollar has been increasing in value, versus the basket of world currencies, and we have a massive deficit, and debt ($27 trillion). Interest rates have barely budged, even after COVID bonuses. The future holds massive deflation, not inflation. The judgement by these two analysts is deeply flawed. Listen to Cathy Wood's (Ark investing) explanation of this.
It's funny because all three are talking about the same thing. Deflation is coming but central banks will continue fighting it, destroying us all in the process. Do people even understand what the video is about? It's not about deflation vs inflation. It's about our whole monetary system being incompatible with reality!
Dude , ANYMORE ADS!!!
AI weapons to squash any rebellion of the "poors"
Wait, these two are married?
Just by artificially stopping the number of Bitcoin to 22 million or whatever, Jeff counteracts his own argument on abundance. The Bitcoins or any other cryptos can be generated in abundance and hence they should be free.
Bitcoin is the only way? Sounds misguided & fearful.
Kolossal Humans
I still don't understand what "technology is deflationary" really means. Technology to me seems exponentially inflationary... i.e. its eating everything. Can someone help me understand?
Think of Technology like the farm tractor when we hand-harvested it was a slow process the technology with the tractor allowed us to process more food much quicker reducing the cost of goods
Ephemeralisation - Peter Joseph. Go down the rabbit hole.
Technology (TH-cam) provides free education, like this video.
Technology makes things cheaper and more abundant. In other words, it makes your currency more powerful in terms of purchasing power (deflationary). So you don't actually need more money to buy more stuff. Because stuffs are getting cheaper through technology.
Another way to look at it, from supply and demand perspective, is that since tech produces everything more at cheaper price, there's actually more supply of goods and services in the market, compared to money that actually circulates in real economy (main street. Not wall street).
Now this same deflationary forces (tech), also destroying 'old' jobs at the same time. And because of that, people are asking the government for aid. And in response, central banks and government attempt to counter those deflationary forces, by artificially generating inflationary forces through money printing. And that's where the mistake begun..
So the reason there's no inflation in terms of consumer price yet, is because the real economy can not recover yet due to pandemic. So all those printed money at the moment and to near future, will just end up inflating asset prices. And this will resulting in asset prices bubble, that will burst when real economy really recovering. The moment it starts recovering, all those money that's been staying in asset prices all this time, will go flood the real economy and hyperinflate consumer prices.
tech makes things (goods, services) cheaper at an increasing rate... the tech itself grows in adoption and in reach, but it makes other things much cheaper & faster to produce per unit of labour... it is an exponential process this is just the beginning...
jeff is a giant....danielle is posing
Jeff is right that technology is saving us time. But somehow strangely enough, we still work 40 hours a week or even more. So there is something wrong in the world of work.
great interview. These two are right on the - increasingly worthless - money