America's Collapse: Raoul Pal's Warning For The Dollar, Housing Market & Upcoming Recession Pt 2
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 9 June 2023
⏱️ 79 minutes
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| 0:00.0 | What's up guys? I'm super excited to deliver part two of this highly anticipated conversation with Rao Paul. |
| 0:06.7 | In this episode, we're unpacking the impact of a declining global population and how that might be offset by AI and machines. |
| 0:15.8 | Rao and I do not see eye to eye on everything in this episode, but you guys and the market get to be the ultimate |
| 0:21.0 | arbiter of whether this incredibly transitional time is going to play out smoothly or chaotically. |
| 0:28.4 | So buckle up for this one. |
| 0:29.9 | It is an incredible ride. |
| 0:32.3 | On a side note, we've launched our exclusive Impact Theory subscription that lets you listen |
| 0:36.3 | completely ad-free. |
| 0:37.8 | We've also curated amazing playlist on topics like health, mindset, business, and |
| 0:42.6 | relationships. So do not miss out. Click through the show notes to subscribe on Apple Podcasts |
| 0:47.8 | or Supercast for other platforms. I'm Tom Bill you and welcome to Impact Theory. |
| 0:53.4 | So help me understand why didn't the internet, |
| 0:58.1 | which still to me feels like a productivity, productivity miracle, why didn't that change all of |
| 1:06.7 | this? Why isn't it already the lily pad that you believe the exponential age is going to be? |
| 1:14.2 | So I think, because it replaced jobs. |
| 1:22.9 | You don't think AI is going to replace jobs? Yes, I do. But I think the productivity trend is a |
| 1:31.7 | function of demographics as well. And I don't fully understand why the internet didn't do that, |
| 1:38.9 | but it also hold out manufacturing jobs. So there was a balance on aggregate what happened within the economy. |
| 1:46.0 | So I'm thinking it's on aggregate, it wasn't enough to offset these mega trends that we talked |
| 1:50.8 | about that were driven by the demographics and the debt and the globalization. So I'm thinking |
| 1:55.7 | it's that. And so we have to have an accelerant because technology growth is not enough to offset demographic issues. |
| 2:05.6 | And that's what I'm thinking it probably is. |
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