Technology Or Inflation?
What you do you believe in? We get to choose one or the other.
In this video I discuss how it is very dangerous to think contrary to this. We are in a technological age. It is changing most everything. Those who ignore this fact by pointing to inflation are spreading a very dangerous message.
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I think we are more likely to be in deflationary environment because technology just reduces the cost over time. Then again, I have been hearing more people talking about stagflation lately.
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Summary:
In this video, the speaker challenges the traditional belief in inflation by emphasizing the impact of technology on deflation. He draws parallels with the evolution of the overpopulation narrative, where past misconceptions were proven wrong over time. The speaker asserts that technological advancements across various industries, such as information technology and renewable energy, lead to a deflationary effect. He argues that the deflation caused by technology outpaces any perceived inflation, making the case for a future where technology drives down costs and improves efficiencies across sectors like education, healthcare, and construction.
Detailed Article:
The video begins with the speaker addressing what he perceives as misdirection, ignorance, and spread of misinformation, particularly in the realm of investments and opportunities, such as Bitcoin. He then draws an analogy to the overpopulation narrative, highlighting the evolution of perspectives over time to stress the importance of reevaluating beliefs with new information.
The central theme of the video revolves around the dichotomy between inflation and technology-driven deflation. The speaker articulates that investing in inflation contradicts the advancements and deflationary nature of technology. He presents a stark choice between believing in inflation or technology, with technology being inherently deflationary due to its pervasive impact on various sectors worldwide.
The speaker provides examples of deflationary trends brought about by technology, such as the decreasing costs of long-distance calls, music, gasoline, and automobiles, and contrasts these with the overarching principles of inflation. He delves into specific industries like education, healthcare, and construction, predicting significant disruptions and cost reductions due to technological advancements in the coming years.
Further, the speaker touches on the role of renewable energy, 3D printing, and automation in driving down costs and enhancing efficiency. He discusses the deflationary effects in areas like commodities and food production, attributing these trends to the accelerated supply provided by technology.
The speaker concludes by forecasting a future where technology continues to disrupt and deflate traditional industries, leading to a shift in economic paradigms. He predicts that those advocating for inflation will eventually be disproven, akin to the overpopulation discourse of the past. The video closes with a mention of individuals like Peter Schiff, highlighting their vested interests in promoting inflationary narratives despite the overwhelming evidence of technology-induced deflation.
In essence, the video serves as a thought-provoking analysis challenging conventional beliefs in inflation by showcasing the transformative power of technology in driving deflation across global economies and industries.