Latest / Cultural Wars | America Out Loud News / AI, Robots & the end of work? Why convenience means control and how to protect yourself
Transcript
- 0:05Broadcasting around the world.
- 0:07This is on the record with Christian Briggs.
- 0:10Serious talk about what's happening around the world.
- 0:13Hosted by Christian Briggs.
- 0:15Follow him on X at BMC underscore H A M live in three, two, one.
- 0:23All right, welcome back, everybody.
- 0:25This is going to be a show that's going to probably get a lot of buzz because everyone's asking about this AI revolution.
- 0:34The AI revolution is not just in hiring.
- 0:38You know, people are like, oh, my job's going to get replaced.
- 0:41What am I going to do?
- 0:42How am I going to do it?
- 0:43And let me tell you something.
- 0:46AI is definitely going to replace a lot of jobs.
- 0:49AI is going to take the place of some of the most basic tasks there is in the world.
- 0:55Robotics are different.
- 0:57That's more of a physical presence.
- 0:59Will they take over a lot?
- 1:00They already have.
- 1:01So between AI integrated software into a business, a service, a manufacturing, all the way to robotics that might even replace domestic help.
- 1:10We're going to figure out is it a bubble?
- 1:13Are they going to go bust?
- 1:14Or are they going to become the next generation of all the world's productivity?
- 1:21Forget just the U.S.
- 1:22Today on the record, I'm going to break it down, and I'm going to show everybody and what I think is going to be a very logical way of which to understand exactly what's forthcoming.
- 1:32This podcast is brought to you by hard asset management.
- 1:35We have the lowest prices on all precious metals.
- 1:38Call us at 844 426 4653.
- 1:42That's 844 426 4653.
- 1:47Okay.
- 1:48So on the AI right now, here's what we're looking at.
- 1:51Is artificial intelligence already starting to become a way of life that we can't ever escape?
- 1:59I'll give you an example.
- 2:00Convenience, safety, efficiency.
- 2:04These are great words that are used in order to be able to get people to understand something, or at least give that give that warm and fuzzy feeling about another product or a service or something of that nature where somebody says, hey, this is so easy, it's convenient, it's safe, it's efficient.
- 2:19Those are government words, or they could be private sector.
- 2:22It doesn't really matter, but those are words that people then will be like, well, let me check it out.
- 2:26What are you talking about?
- 2:27Let's look at this.
- 2:28And that's what's happening.
- 2:29So the people are like, oh, we're going to create a whole new world where healthcare is going to be efficient.
- 2:35You go to a doctor.
- 2:36There's no doctor, it's a monitor, and the nurse comes to you and says, What's your problem?
- 2:40What is it you need today?
- 2:41Well, you go in, and the next thing you know is just do do all these different things poking at you, but it's mechanical.
- 2:47It's a robot.
- 2:48Well, that's how you bring efficiency.
- 2:50That's how you bring consistency.
- 2:52That's how you don't have bias.
- 2:54Like, you know, the DEI and medical.
- 2:57Remember when the oath uh to become some type of a medical professional, a doctor, a nurse, a nurse practitioner, physician practitioner, what have you?
- 3:07You would take this oath, and they were changing it under Obama and then Biden administration, they wanted you not to uh give quality care to anybody who walked in, but you had to segregate people based on race, okay?
- 3:22Well, robots don't do that, they'll just figure their program to well help anybody the way it should be.
- 3:29So it sounds great.
- 3:30But is it going to replace people to the point where we don't need human beings?
- 3:34Are we going to have a depopulation?
- 3:36Well, let's break it down.
- 3:37So when you look at the world of two things, two things that are very important.
- 3:41Uh the technology, the technical advancement within AI, artificial intelligence, synthetic intelligence, uh, and of course, robotics, which is the physical presence of next generation manufacturing, uh, child care, health care, what it could be a CPA, it could be a lawyer, it could be transportation.
- 4:01You don't need robotics, but you have autonomous driven cars.
- 4:04Look at Waymo.
- 4:05Look at Uber and Lyft already making deals with Ribbyon and other huge, I mean, Tesla's getting into it.
- 4:12These companies, there's manufacturers and the software companies like Google is a software company, not so much as much search.
- 4:18Obviously, search is a part of what?
- 4:20That's the that's the utility, but the function is building software that then brings all of that into a point of where we don't need people anymore.
- 4:31It's kind of scary.
- 4:32So is it a bubble?
- 4:34Is technology overvalued?
- 4:35Is Michael Berry, who's short a billion one of NVIDIA stock and Palantir stock.
- 4:42Is it a bubble?
- 4:44Is that the question you have to ask yourself?
- 4:47Is it a bubble?
- 4:49And I don't think it's a bubble because here's why.
- 4:51We're not only taking AI into every single business category, every part of a person's life, corporate, personal, government.
- 5:03You're transforming systems like take digital currency.
- 5:07Let's talk about that for a second.
- 5:09When you have digital currency and you have it in such a way that is in your wallet, you know, you've got this thing.
- 5:16Oh, it says, oh, look at this.
- 5:17I have $10,000, but they're tokens.
- 5:20I can simply just push a button, send it, receive it.
- 5:23That's efficient.
- 5:25Is that a bubble?
- 5:27No.
- 5:28The companies who support that next generation money and how it functions, because you're going from 5,000 years of physical to the last five years of digital.
- 5:40So that means that you're going to take what has been for 5,000 years, understood, and you're going to reposition that, transform that.
- 5:47Just think of all of those different platforms to integrate into one cohesive A to B, right?
- 5:54Peer-to-peer positioning of how you buy and sell things.
- 5:58And I mean all these things around the world.
- 6:00All these different companies, these banks, these central banks, these private banks, these commercial banks, have to sit there and be on one platform.
- 6:08It's trillions of dollars to transform these, well, by some measure, archaic way of which we do business.
- 6:17So what I've been saying is the trillion spent will have hundreds of trillions of dollars in revenues because you're taking what already is existing, and you're going from, let's say, analog, great example, an analog system to a digital fiber system.
- 6:35And by doing that, you really are taking here and you're putting over there.
- 6:41So it's not like there's no people over here.
- 6:43You just have to you go like this.
- 6:45So whatever is being spent here, whatever monies are being generated here, top line, bottom line, it's going over here.
- 6:52So all the infrastructure they're building under here to layer on top of what is existing is just transform from let's say antiquated, analog, old school, medieval, doesn't work for flippo to flip over here, boom.
- 7:07It's not a bubble.
- 7:08Now, are those to opportunities for volatility?
- 7:11Yeah.
- 7:12Lots of volatility.
- 7:14Will people be able to make money off that?
- 7:15Well, I sure hope so.
- 7:17I mean, that's what you need.
- 7:18So when anybody asks me about the is technology overvalued, no, to the degree to the degree that we're moving from horse and buggies.
- 7:32If I was a horse and buggy business, I was in the hat business.
- 7:36I was in the outdoor outhouse business.
- 7:41If I was in the steamship business, and I saw all of these technical advances in my business category, I'll be like, oh, cars, nah, they're never going to catch on.
- 7:53Uh big steamships from uh a paddle boat, let's say a paddle boat business, or one like, let's say we have a rowing business because with the Vikings.
- 8:04Look at the evolution of how things progress progressed, the progress that has been made in recent years.
- 8:11It's not a bubble.
- 8:12Again, volatility will be the name of the game.
- 8:14That is true.
- 8:15That's gonna happen.
- 8:16But that's okay.
- 8:16If it starts at $10 and it gets to 50 in three or four years, but you had to make a little bit of a oh, the ups and downs, sometimes volatile enough to make you want to get out of it.
- 8:28Stay the course.
- 8:29Some of these companies are gonna be doing quite well.
- 8:32But is it good for us to have this kind of transformation to where over a hundred million people, mark my words, write this down.
- 8:40This is a good point.
- 8:41A hundred million people or thereabouts will probably have some form of job loss.
- 8:49100 to 105 million, 120 million people, maybe.
- 8:54And they're gonna have this job loss because why?
- 8:57Because what they represent in talent and experience is less than the value of the replacement.
- 9:06The replacement is physical robot or AI software.
- 9:11Or maybe it probably could be both.
- 9:13Some people are gonna be replaced by just software and customer service, software and fast food preparation, uh, software and driving.
- 9:21You're not gonna have a robot behind the wheel, but you'll have software driving it.
- 9:24It may not even be a steering wheel theoretically, it could be just a mechanism in the front.
- 9:28And so they'll start to phase these cars out that have driver enabled systems.
- 9:33It's gonna be driverless.
- 9:36So again, how do you put a price on that?
- 9:41Well, you don't, but there's gonna be one soon, and that's called universal basic income.
- 9:45But we'll get to that here in a second.
- 9:47So let's keep let's keep rocking here.
- 9:48Let's talk a little bit about who are the companies, who are who's gonna elevate this?
- 9:53Well, Amazon already has.
- 9:55My understanding is they either have, will, or intend.
- 10:00To replace up to 750,000 employees.
- 10:03Some of these are people that are probably already existing, that they got robotics have taken their place.
- 10:07Some of them may be jobs that would have been filled five years ago, at least based on a fairly conservative financial model for the next five or ten years, which Amazon's very smart people.
- 10:18Jeff Bezos, he's a genius when you think about it.
- 10:20I mean, who else can take up a little bit of a little 500 square foot office, sell a couple books online, and turn it into the largest online retailer?
- 10:28My hats off to them.
- 10:29Whether you like his politics or not, that guy's smart.
- 10:31Let's just come on, he's a smart guy.
- 10:32He's created millions of jobs, indirectly and directly.
- 10:35He's been great for the world's economy because he created a whole new dynamic on how to create, and for some people, it's been a lifesaver from whether they work there as an employee with stock options, salaries, or people that may have had challenges physically to go up to the stores that comes to your doorstep.
- 10:50It's a great deal.
- 10:51But let's talk about where he is now.
- 10:54Or certainly the people that are running it, because I know he was stepped on a CEO.
- 10:58He's got some pretty pretty kick-ass boats, by the way.
- 11:01So if you ever seen his yachts, I highly look those up.
- 11:03He's got good taste.
- 11:04I'll say that for sure.
- 11:05And so you look at, again, how Amazon has positioned themselves.
- 11:11Robots are not a robotic engineering, it's not just about replacing people.
- 11:17You don't have any HR issues.
- 11:19And don't take offense to this, but I'm going to say it anyway.
- 11:22There was a study, it was, I think it was Norway, maybe or Finland, but one of those Scandinavian countries.
- 11:28There was some complaining about gender inequality in the workplace.
- 11:32And I'm sure there's some value to that.
- 11:35I'm not an expert on it, but I'm just going to tell you what the study was in a non-biased way.
- 11:39Where about 350,000 women were complaining about not being paid or having gender inequality for their workplace and their position.
- 11:47So I guess the government had allowed them to all take a day or two off.
- 11:51And a lot of the systems that thought were going to fail did not fail.
- 11:56HR didn't have as many problems.
- 11:58And it could go both ways.
- 11:59It could be men, but it just happened to be women had the day or two off to be able to determine whether there was an issue with a gender.
- 12:06And there was some things, but what it showed was not so much whether the gender was a problem.
- 12:12It was really just about how humans can interact.
- 12:16And if you take a lot of that emotions out or biased out or mood swings or reflections of a good day, bad day, you can get a higher level of productivity.
- 12:26And men and women are both can be emotional, so I'm not saying one over the other, but I am saying this that a study shows humans are not the most efficient form of business, at least in this study.
- 12:38And number two, Amazon's already figured out that robotics can replace humans, and that is extremely efficient and lower cost.
- 12:48So as Amazon moves forward with replacing humans at a pre-existing warehouse or future warehouses of jobs that they would have otherwise hired humans, but they're not.
- 12:58What's going to benefit them is it's going to bring their costs down, their profits are going to go up, which goes back into the economy and the local, the state, the federal levels, and their shareholders are going to make a lot more money.
- 13:09So there is a balance there.
- 13:10So again, it's not a bubble.
- 13:12But Amazon's going to be one of those companies that will rise because of this transformation of a way in how and who works in the labor force.
- 13:22And then let's take, let's take some other companies.
- 13:26You've got companies like the car manufacturing business.
- 13:29Now, are they going to sell less cars because there's less drivers maybe in the future?
- 13:33No, I don't think so.
- 13:34I think driverless cars are going to be a part of the transportation business, but not ever going to allow that to overtake people's love.
- 13:44And in theory is a theory, of course, but I don't see how people are going to be wanting to get rid of driving a car.
- 13:50I mean, you get some of these new fancy zippy cars, you know, Ferraris or Porsches or whatever it is, and they're fabulous cars.
- 13:57Make no mistake about it.
- 13:58And they're zippy and fun and exciting to drive.
- 14:01So I don't think you're going to replace the thrill of that.
- 14:04And you're not going to replace race car drivers in cars.
- 14:07You make a more say technically advanced to win races, but it's still the driver that drives them.
- 14:13It's not like, oh, they're on rails or it's a computer.
- 14:16Computer helps the systems within the car communicate to the driver, various road conditions, or breaking conditions or suspension situations, and then they can become alerted to that.
- 14:27But it's not going to replace a driver.
- 14:28So there are there's a few things that at least we can say aren't going to be replaced.
- 14:32But overall, there's a lot of people.
- 14:35I mean, there was an article a couple weeks ago I read or some Democrats and or some economists, it was something like that.
- 14:42And they were saying like up to 105 million people replaced in the next five to seven years.
- 14:47Well, I started studying it.
- 14:48I don't think they're wrong.
- 14:49It's a little scary.
- 14:50What are you going to do with them?
- 14:52Well, I guess you put them on universal basic income, or you call it grants.
- 14:57Grants were basically where you give them a certain amount of money to live on, housing vouchers, food vouchers, health care, uh a number of different things are just straight up cash so they can live.
- 15:08But right now, we're talking about AI that is growing in such a way and right now at such a rate that you almost have to ask yourself: are the systems growing on their own as they self-taught, self-learn, self-educate, and then double that capacity and the complexity every couple weeks, every few months, because that's how it's happening to where this thing is exponentially going to happen much sooner.
- 15:35Is that the reason why we're throwing trillions of dollars in these data centers?
- 15:39These data centers are critical infrastructure.
- 15:41Without them, you cannot process any of the things I'm saying.
- 15:45You cannot do it at all.
- 15:46Because it all works on a very thin line of hardware.
- 15:53The software runs the programs that are hosted on the hardware, the hardware is hosted in these massive data centers connected at all four points of the world to systematically continue to resolve, improve, increase exponentially productivity within a said well, local, state or federal levels and around the world, and they're doing that.
- 16:18When you look at the efficiency of just the fast food or the efficiency of the robotics and how they can pick, pack, ship in an Amazon warehouse, how they can take you from A to B in an autonomous driven car.
- 16:33There's no doubt this is exponentially like this.
- 16:37Now, is it this, this, sometimes this, sometimes this, sometimes that.
- 16:42So there are going to be some road bumps in the valuations.
- 16:45But I got to tell you, I still think that whatever is happening today in five years, in five years, there's going to be about 1.5 trillion to 2 trillion dollars in that ballpark, given back to the bottom line of corporations.
- 17:07I don't care what you do.
- 17:08I don't care if it's McDonald's, I don't care if it's Boeing, I don't care if it's caterpillar, I don't care if it's a Zaxby's, I don't care if it's Chick-fil-A, it could be uh ABC housekeeping, house cleaning, domestic cooking.
- 17:24It doesn't matter.
- 17:24Robots.
- 17:25I saw a robot, a demo is the demo.
- 17:27I don't think you can buy it yet, but it looked good.
- 17:29It was doing vacuuming.
- 17:31It was folding clothes.
- 17:34The fact that it was doing what it's doing now at this stage of the AI revolution was phenomenal because as it stands right now, you would buy that.
- 17:43If they're at a right price, you would buy that.
- 17:46Why?
- 17:46Well, if you have a housekeeper 30,000 a year full-time, lives with you, or comes nine to five at 30 or 40,000 a year, which is not crazy money in New York City for that type of a help.
- 17:56And a robot's 20,000 or 15,000 and can do every single thing on that list.
- 18:03Clean, cook, laundry, vacuum, sweep.
- 18:08For 20 grand, 15 grand, you'll hire that in a second.
- 18:12Businesses won't care if it's a male or female.
- 18:15I mean robot.
- 18:16I guess if they're non-binary, it might be better.
- 18:18Do they have non-binary for robots yet?
- 18:20Maybe they haven't thought that far ahead yet, but they will because they're smart, or some or some far-left liberal crazy person will install them to have thoughts of uh emotional uh pronoun uh in a way such that they get offended.
- 18:35But let's just hold that hopefully off for a number of years so we can get it.
- 18:38But they will hire that robot.
- 18:39They will install that AI software if it means not even dramatic, but just a measure of increasing business or a measure of cost saving on the existing business.
- 18:52So Michael Barry's got this 1.1 billion dollars short on Nvidia and Palantir.
- 18:59I don't know the race.
- 19:00I think it's 80, 20, 70, 30 percent of the 1.1 billion, I think.
- 19:03You can look that up to verify that.
- 19:05But whatever it is, it's 1.1 billion dollars.
- 19:08Now, that's a lot of cash.
- 19:10Because if he's wrong, it's not like he owns the stock and it comes back.
- 19:13Like some people buy the stock, it goes down.
- 19:16Like, oh, I'll just wait.
- 19:17It's a good company.
- 19:18And Palantir, they're they do what they do very well.
- 19:22Some people like them, some people don't.
- 19:24Some people think that they're more surveillance, control, some people like the fact that they have a higher level of security integration into their software to determine friend or foe, um, which is good.
- 19:34So you gotta you gotta kind of go up for what it is.
- 19:37It's just, but we're talking about the company in general.
- 19:40Whether the nuances of the company appeals to people, it must because we're getting big contracts.
- 19:47So, why would you short Palantir?
- 19:50The valuation.
- 19:50They, they being Mackelberry and/or anybody else shorting it, don't see the value proposition of the current price.
- 19:58In other words,
- 20:00They think it's too expensive given the rational behavior in AI investment right now.
- 20:07And I think they're wrong.
- 20:09I think that Palantir is properly valued.
- 20:12Now, maybe it's a little head right now, but then it's also got a lot of runway and it's got a lot of deals, both signed and in the pipeline.
- 20:20So Nvidia just this week has asked for more increase in the chips from Taiwan Semiconductor, which makes the is the is the brand makes all the chips for who who whatever intels or if it's Navide or if it's Broadcom or if it's ARM.
- 20:38These are all uh chip companies or AMD applied material.
- 20:42So if they're ordering more chips and ramping up the needs for more, that means they're getting orders for more.
- 20:48If they're getting orders for more, that means they're getting the people are getting orders for the servers where the chips go into.
- 20:53If the servers are getting ordered, the REITs or the companies constructing or building these data centers are getting orders and getting cash.
- 21:03Now, again, you may have some seasonal stuff, or you might actually have some things where maybe one quarter, one month, slow down until people can kind of gain their breath again.
- 21:13Like, okay.
- 21:16Here we are.
- 21:17So again, it goes back to that same thing.
- 21:19Do you uh believe that the revolution of technology evolution, which is going at light speed, is capable enough to maintain that momentum.
- 21:36Sure.
- 21:37Absolutely.
- 21:38I'll tell you why.
- 21:39Again, I've already made some great arguments here.
- 21:41If we're debating the narrative and the affirmative, it's it's I really believe that the argument for is gonna win this one.
- 21:49There just seems to be no downside consequences when you have a company that is trying to increase shareholder value, and one of the ways of which is to maintain the same goal as when you started the business.
- 22:06Keep the overhead as low as possible, increase and maximize product development, increase and maximize consumer adoption and consumption, all within the realm of a budget.
- 22:16I mean, it's a lot.
- 22:17You've got to identify your market, your customer, identify the product within the customer and the market needs demand and supply chains.
- 22:25It's all part of the conditioning of building a business.
- 22:27And then to maintain, if you're blow out the sales, if all of a sudden this thing that you're offering, this widget, let's just call it widget one, just becomes the greatest thing ever to do to the consumer.
- 22:42You're gonna want to make sure that you can scale quickly.
- 22:46AI offers that, robotics offers that.
- 22:49Humans have to be taught, learned, trained, educated, handholding a lot of times.
- 22:54I mean, HR departments aren't gonna exist.
- 22:57There is no need for it.
- 22:58You're not gonna have sexual harassment issues, you're not gonna have I'm sick, I need PTOs, pay time off.
- 23:05You're not gonna have any of those issues.
- 23:07So the amount of productivity will equate to the level of I call challenges, right?
- 23:14You have challenges within a corporation from expansion to hiring quality people, people that have the same thusiasm and passion, um, all of those different things.
- 23:25And at that point, at that point, you're gonna determine if I take 10 employees and replace them with 10 robots, or maybe five robots.
- 23:33Well, think about that.
- 23:34What could be three robots, or it could be a piece of software that replaces what they do, even if it's just as good, but it's systematically less expensive, you're gonna do it.
- 23:45That's the role of a business owner or somebody at that C level executive level, that uh that CEO, COO, CFO, CTO.
- 23:54They're gonna say my job is as a C level person in a company organization or as a business owner, or just somebody who's a partner, it could be anybody affiliated, just they have that passion.
- 24:04We gotta maintain the lowest cost denominator to create the maximized amount of sales and the customer service that needs to still be effective in order to be able to maintain what we have and to grow what we need to.
- 24:19All right, we're gonna be right back.
- 24:20Don't go away on the record with Christian Briggs.
- 24:24Don't don't don't leave.
- 24:26I'm gonna get into more and more of the downside now of this AI revolution.
- 24:30I mean, I kind of try to bring the upside to it, but let's help with the downside.
- 24:33Be right back.
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- 27:55Click on the Kofix RX banner ad in the American Outloud Shop for 20% off your next order of Kofix RS.
- 28:01I'm Doug Evans, author of the Sprout Book.
- 28:03I want to share something that's powerful.
- 28:05You can grow your own food right on your kitchen countertop.
- 28:10Sprouting is an ancient method that turns ordinary seeds into living vegetables in just three to five days.
- 28:17No soil, no sunshine, no fertilizer, just seeds, water for under a dollar a serving.
- 28:24You can grow nutrient-dense packed greens anywhere.
- 28:27City apartments, dorm rooms, off-the-grid cabins.
- 28:30In a time when food prices are rising, sprouting gives you control, abundance, and peace of mind.
- 28:36Join the self-reliance revolution.
- 28:39Go to the Sprouting Company.com slash out loud and use the code Out Loud for an exclusive offer.
- 28:50Brush, floss, repeat.
- 28:52We're told to use fluoride, which doesn't really address the acid creating bacteria.
- 28:58That is where the dentist recommended spray dental defense system shines.
- 29:02Sprite products contain xylitol, a natural sugar, which helps get rid of those nasty, smelly acid-creating bacteria in our mouth.
- 29:12The best way to care for your teeth and gums is by using spray.
- 29:15The spray dental defense system has a wide variety of products, toothpaste, mouthwash, mints, and chewing gums that are designed to work together to keep your teeth clean and mouth healthy and smelling sweet all day long.
- 29:29To get your oral care back on track in an easy, effective, and very tasty way.
- 29:35Switch to spray today.
- 29:37Ask your dentist about xylitol and the spray products.
- 29:41Sprite can be found online and at all fine natural product retailers.
- 29:47Well, only when the government vows to the people will America become great again.
- 29:55Join me in pushing back against censorship, my fellow Americans.
- 30:00Right at the top of America Outloud Doc News are the words.
- 30:04Many voices.
- 30:06One freedom.
- 30:07United in the First Amendment.
- 30:12Now is our time, my fellow America.
- 30:16America outloud.
- 30:18Liberty and justice for all.
- 30:26We are now at the transition point of a revolution.
- 30:30I'm not talking about a secular or religious or Christianity or Jewish or anything like that.
- 30:36We're talking about life.
- 30:38We're talking about getting up at 7 a.m., going to work, clock in, clock out, 5 36, going home, and feeling accomplished, feeling strong, feeling productivity as part of your life.
- 30:55You're contributing to a company.
- 30:56You own the business.
- 30:58You're putting your efforts into your ego, your system, and making the world a better place.
- 31:05Okay?
- 31:06Sounds like a good deal.
- 31:08But remember this.
- 31:11Can you be replaced for 10 cents on the dollar?
- 31:14No.
- 31:1420 cents on the dollar?
- 31:16Maybe.
- 31:1730 cents on the dollar?
- 31:19Absolutely.
- 31:21If I'm a business owner and I replace that person or persons with any number of different things that are now being offered out there, and as it grows to the next two, three years, it's going to be in three years, it'll be 10 times more efficient.
- 31:35It's not going to be twice, three times, it's going to be 10 times, 20 times, a hundred times in various business segments and different parts of this, of this AI.
- 31:45And so the downside consequence, like I said earlier, I brought the topic up.
- 31:50I didn't want to get detailed until the second half of the show here.
- 31:54What do you do with 1050, 150?
- 31:56What do you do with two billion people around the world who in the next five to seven years?
- 32:01Who's going to make French fries?
- 32:03Well, they already have robots doing it.
- 32:04Who's going to make hamburgers?
- 32:05Well, they already have robots doing that.
- 32:07Who's going to vacuum?
- 32:08Well, they already have robots.
- 32:09Who's going to do customer service?
- 32:11Well, I mean, have you seen some of these movies?
- 32:13These avatars are AI generated.
- 32:15I mean, go online.
- 32:17Uh, they're making home movies.
- 32:18These kids are with things of which you would never.
- 32:21So, what does that mean for, well, let's say the film industry?
- 32:24I mean, let's talk about the film industry.
- 32:25We've talked about other areas.
- 32:27How do you replace talent?
- 32:30Well, it's easy.
- 32:32You program it.
- 32:33How do you place hair hairdressers, makeup artists, script writers, directors, producers, actors?
- 32:42You do it.
- 32:43It's already being done.
- 32:45And not only is it being done, they just recently replaced.
- 32:49No, sorry, I won't say replaced.
- 32:51I know maybe they call it the right thing, but they did elect a new prime minister.
- 32:57Uh, and it was an artificial intelligent avatar who's now the prime minister of uh I forget the country on the top of my head.
- 33:05I I talked about last show.
- 33:06It wasn't Indonesia, it was something kind of weird.
- 33:09You can look it up.
- 33:10Look up, prime minister is now AI technology.
- 33:14It was the craziest thing.
- 33:15I'm like, so does she sleep?
- 33:19What do you pay her?
- 33:20What do you feed her?
- 33:21Oh, electricity.
- 33:22Okay, okay.
- 33:23How silly of me to forget that.
- 33:24What do you pay her?
- 33:26Uh with um Bitcoin, because she's digital.
- 33:30I don't know.
- 33:31She doesn't have to buy as many shoes, that's for sure.
- 33:33So you got you got to save a little money there, I guess.
- 33:35So you start looking at all the things of which this can replace.
- 33:38It can replace everything.
- 33:39It can replace elected politicians.
- 33:41It just did.
- 33:42No, we're talking about the complete cannibalization of an entire industry, not one or two because they're getting a little older and they're retiring, or maybe they don't have the quite the experience in a certain part of law, or if it's a CPA or selling cars, a car salesman.
- 33:59They're we're eliminating everybody.
- 34:01There's nothing with the exception of maybe one or two very, very, very, very specific parts of this of the business world that AI can't replace.
- 34:11But we are.
- 34:12And we're doing it fast.
- 34:14Why?
- 34:15Because the profits are there.
- 34:17So the downside is we may have billions of people, billions of people being replaced.
- 34:26And I don't mean like in the next 10 or 15 years.
- 34:28I mean like in the next 10, 15, 26, 30, 36, 50, 60 months.
- 34:34And it's like this.
- 34:36It's not like this one morning.
- 34:37Oop, hey, I lost my job today.
- 34:41No.
- 34:41My jobs are being lost.
- 34:43My job is already eliminated.
- 34:46You're just not there yet.
- 34:48But all of this stuff is done.
- 34:50You've got digital currency, digital transportation called the meta, which I'll explain that in a second.
- 34:58Transportation, vacations.
- 35:01You'll see.
- 35:02I'll give you, I'll give you the 411.
- 35:04Health care.
- 35:06There's no more stress.
- 35:07You know, work.
- 35:08Healthcare costs will go down.
- 35:11Anything's gonna be on your app.
- 35:13You might get fatter, but they might limit you to what you can buy with the social credit score.
- 35:18It's another thing, AI.
- 35:19So they're integrating.
- 35:20This is the downside.
- 35:21This isn't all about just great profits, bottom line, net this, net that.
- 35:26There's some downside consequences to this transformation because once you go digital, baby, you ain't going back.
- 35:31That's not gonna happen.
- 35:32You want you transform into digital, that's the way it is.
- 35:36So my whole thing, and and you know, and correct me if I'm wrong is do we really need that much?
- 35:44Well, if you're a corporation trying to save billions to make additional billions, you will always argue the fact.
- 35:49Oh, yes, we do.
- 35:51So the downside consequence is we go full digital.
- 35:53Now we have people at home, they're watching Meta, which takes them to places they can no longer afford or never could afford or never could even thought about dream to, but they're put their goggles on, and next thing they're like, ooh, look at that.
- 36:06Ooh, take the goggles off, go to the restroom, come back, they're in their lazy boy.
- 36:11Ooh, it looks beautiful.
- 36:12They're doing this or doing that.
- 36:14It's already here.
- 36:16Don't think I'm wrong.
- 36:1899% of the people in this world in the next 10, 15 years will not leave that living room for vacation.
- 36:23Their whole family will put the goggles on, they'll do a four-day travel experience, pay $500 or $100, or maybe it's just 40 bucks a month.
- 36:32They don't have to work.
- 36:33So how are they gonna be entertained?
- 36:35Put them in the house.
- 36:37Why do you think Facebook transitioned to meta universe?
- 36:40They know what's coming.
- 36:41They're part of the whole revolution.
- 36:43It's like Zuckerberg once said, only billionaires will be able to travel one day.
- 36:48They'll build ones who can afford it.
- 36:50And I don't think he was uh being too far out of the lane there when he said it.
- 36:54Now we know he's right.
- 36:55So again, it goes back to are we in a state of mind where the profits of a company, which can be dictating the policy, which it should in a lot of cases, ultimately be the new version of societies, ultimately, every decision's made on that.
- 37:14It is.
- 37:24I know this.
- 37:26I know this very well.
- 37:27So I go back to the same thing.
- 37:31As we transform all these wonderful things into a digital state of mind, like what happened two days ago.
- 37:39European Union ennex a law, limiting cash transactions, limiting a crypto private crypto holdings to just 10,000 euros, 10,000 euros in cash.
- 37:51You can't do it more than that, or it's a crime ever, ever.
- 37:55Great Britain, 20,000 pounds, which is about 26,000 bucks, I think, roughly.
- 38:01So 26,000 is all you can limit in a cash transaction.
- 38:05You do more than that, that's a crime, and it's a big time crime.
- 38:08Why?
- 38:09Because they're moving us, pushing us, leading us, dragging us to digital, not just any digital, third-party custodial digital.
- 38:21They're leading us down a path to tell us how efficient, safe, and convenient it is for your money to be held by a third party who has the rights of which to do that, not self-custody.
- 38:33In order to do that, then what happens is you now have, you now literally have something by which everybody, and I mean everybody will be held accountable in such a way that if they don't like what you're doing, they'll just turn it off.
- 38:51So is this AI revolution is making billions, trillions of dollars for these companies, individuals around the world, not just here.
- 38:59Realize the consequences of this.
- 39:02You start to build concentration camps called third-party custody wallets, you're in there.
- 39:10They don't like you, shut the door behind you, close your account, freeze your account.
- 39:15It's digital.
- 39:15What are you gonna do?
- 39:16You have no other form of which to do business with.
- 39:27It's pure money.
- 39:29But cash is gone.
- 39:31Look what again, go back to what happened in the European Union early Sunday morning here in the States, they're Monday morning early, where they basically said this is a law of the land.
- 39:41We are now transaction, transacting in a digital manner, transforming in a paperless world.
- 39:46You will be held accountable, you will not go outside these boundaries, you will not go outside this sandbox of the way of which you can transact in cash.
- 39:54Oh, and by the way, you're not gonna hold any more than 10,000 euros in private crypto.
- 39:58Private crypto is real simple.
- 39:59This one.
- 40:00I know you I know you're probably asked really when I said it.
- 40:02Decentralized systems are private crypto where it allows anonymity and it's driven by well, it's got some control, obviously, but but not the kind of control the government could come in and just grab it.
- 40:16The control is, yeah, you can get hacked and people can take it.
- 40:19So there's some there is some things there that can help and hurt, but it's still better to have decentralized than centralized.
- 40:26Once you centralize something, you centralize the power to a very few who control the masses under a centralized guidelines.
- 40:33So again, if we're gonna do, and if we're gonna do a society that is still gonna be free, capitalist, we have to limit the way of which, or at least the boundaries of any of these people who could get in there, like say, like Trump, good guy, great intention, great agendas.
- 40:55We're going to full digital.
- 40:57What if we get a bad administration?
- 40:58And they're like, eh, you know, I'm not liking, I don't, I don't think that we should have this much freedom with the money because, well, it's not equitable, or there could be nefarious consequences with bad actors.
- 41:14Yeah, and then they pull a lever and they say, okay, we've made it now deeper centralized, or more programmable to freeze the money.
- 41:21We've now changed regulations on what is hate speech so we can find you, what is carbon footprint, so we can find you, raise taxes automatically so we can take from you more instantly.
- 41:32It's not like you file your returns.
- 41:34You send them in, and then you patiently wait to pay them, or you pay them right on the spot.
- 41:39Either way, because you can do an extension, wait, give a little time to pay it.
- 41:42But at least you have the flexibility.
- 41:44With digital, there is no flexibility.
- 41:47They're monitoring, they're holding, they're surveilled, they're controlling your money right now, here today.
- 41:53And if you think I'm crazy, go look up the digital euro.
- 41:58It's already done.
- 41:59It's just now trying to put it into society, trying to streamline it in the most efficient manner with the least amount of chaos, rioting.
- 42:08What they're trying to do is to do it without you knowing what it is.
- 42:11That's what it is.
- 42:12At the end of the day, that's what it is.
- 42:14It's no different than that digital ID they did in the UK.
- 42:16They passed it.
- 42:17Three million people signed a petition.
- 42:19We don't want digital ID.
- 42:20Why?
- 42:21It's the first step to have digital currency.
- 42:24You must have digital ID.
- 42:28So as we sit here in a state of mind, it's a state of mind, not in a literal sense.
- 42:35And we can't formulate, what do we do?
- 42:38I'm telling you, you gotta have some gold and silver stuck away, packed away, stored away, at your fingertips.
- 42:45Don't get into that token gold, silver, that's junk.
- 42:48Don't get into all of that paper, gold and silver.
- 42:51If you want that stuff and you need it, what are you gonna do call on a Saturday afternoon, call your broker and go sell my uh my digital gold or my paper gold?
- 42:59He's gonna first say, Well, it's Saturday.
- 43:01I can't.
- 43:02I'm not gonna do it if I wanted to, because you can't do it.
- 43:06So call me Monday.
- 43:07Great.
- 43:08I call them.
- 43:09Boom, it's sold.
- 43:10Two days later.
- 43:12More so could be a week, depends on who you're calling, how you're doing if it's token.
- 43:16Sometimes it could take weeks to sell it and to get your cash.
- 43:19Think about this for a second.
- 43:21What if you need it Saturday, but you didn't get it until that following Friday?
- 43:25Good luck.
- 43:26The urgency is I need it now.
- 43:28Have it at your fingertips.
- 43:30Gold is going to continue to go up because it's the new world's reserve currency.
- 43:36Not the dollar, not the euro, not the pound.
- 43:39Gold and silver are absolutely needed.
- 43:44Again, you you wake up in the morning and you say, okay, how can the government screw me today?
- 43:50Wealth tax, income tax, dividends tax, sales tax, real estate tax, registration tax for your car, boat, plane, train.
- 44:02You name it, go look at the tax on your cell phone bill.
- 44:05Go look at the tax when you rent a car, go to a hotel room.
- 44:08I don't care where you're going, the tax, tax, tax, tax, tax, tax, tax, liquor tax on top of the sales tax.
- 44:14You're like, okay, hold on a second.
- 44:17I basically make a hundred thousand a year and I pay 70,000 in taxes.
- 44:21I have 30,000 left, and I pay taxes on what I purchase.
- 44:25And it's like, yes, you do.
- 44:28Now just imagine that world in a digital form.
- 44:32You can't negate it.
- 44:34You can't say, oh, I've got more write-offs because they are going to know exactly what you have.
- 44:39I'm telling you right now, once you go digital, you're not going to go back.
- 44:44And we're so close.
- 44:46We're so close to that new digital transformation.
- 44:52Let me read you some headlines here.
- 44:54I I wanted to do this because I think it's important.
- 44:57And this is just October of 25, right here where we're at now.
- 45:02Coming into now, and now we're in November.
- 45:04Now we're going to be in December.
- 45:05I mean, it's right here.
- 45:06It's now.
- 45:06It's like in the last few weeks.
- 45:08The digital euro would be a digital form of cash issued by the central bank and available to everyone in the air in the Euro area.
- 45:18So they make a sound.
- 45:19Oh, it's great.
- 45:21It's easy.
- 45:22It's fun.
- 45:23It's efficient.
- 45:24You're going to love it.
- 45:26Yeah, that's what they said about different things that turn out to be toxic for the body.
- 45:33Seed oils.
- 45:34How about those things?
- 45:36Oh, you're going to love it.
- 45:37They're a replacement.
- 45:38They're better than tallow.
- 45:40It's going to be good.
- 45:41How uh margarine.
- 45:43That stuff, you might as well have been drinking oil, gas.
- 45:51Almost like what I say, um, coolant.
- 45:54That's what I said the other day.
- 45:55Somebody asked me about different things we took in the 70s and the 60s and the 80s, which we thought, hell, I thought KFC chicken, which is great chicken, by the way.
- 46:02I'm not going to knock the chicken.
- 46:03It's just the way of which they make that chicken is a little bit uh not toxic.
- 46:09Let's just say it's less good for you.
- 46:11But I love the chicken.
- 46:11I'm not going to kill it.
- 46:12Don't kill the chicken, don't hate the chicken.
- 46:14Love KFC.
- 46:15Regional recipe is my favorite.
- 46:16But the extra crispy is not bad either.
- 46:18Okay.
- 46:18So, and I'll still eat it, but I just don't need it as much, I have to admit.
- 46:22Okay.
- 46:24But how many times did we get told sunblock was good?
- 46:27Don't worry about the skin rash you get.
- 46:29Don't worry about if you feel a little sluggish or if you feel like an irritation of sorts.
- 46:36Now we know that certain sunblocks are horribly bad for you.
- 46:39I mean, people never had sunblock until I don't know what, late 70s, early 80s.
- 46:44Skin cancer was 10 times less or 90% less.
- 46:49It's now 10 times more in some areas, some people, some types, with sunblock.
- 46:54People have the clock ticking there or the wheels moving.
- 46:59Are you getting it?
- 47:00Not everything these people say is good for you that's efficient, safe.
- 47:04And digital currency is definitely not.
- 47:06Digital world is definitely not because it limits the ability of freedom.
- 47:13So is there an AI bubble?
- 47:14No, there's no AI bubble.
- 47:16Because this is all fulfilling, I mean prophecies if you want to get right down to it.
- 47:21It's fulfilling prophecy.
- 47:22So what I'm going to say on the record today is that, yeah, hey, invest in the companies that are going to bring this to the market.
- 47:30Invest in the companies that are going to maintain this in the market.
- 47:34Invest in companies that are going to expand this after the fact and continue to expand it.
- 47:38The Microsoft's, the Oracles, let's see, what else are some good ones?
- 47:42You've got Amazon, Google, there's core weave.
- 47:47I mean, there's so many companies that are in this from not just the beginning, the middle at the end, and then the end of the end, the end, the end.
- 47:55You might as well make a ton of money, but there's gonna be a day, mark my words, where you wake up in the morning and your money is now digitalized.
- 48:06It kind of is now anyway.
- 48:07You don't like cash.
- 48:08You do you sell things and buy things and you just push a button.
- 48:12I mean, I don't think we even write checks anymore.
- 48:15So at the end of the day, when that morning hits, and all of a sudden, you can't withdraw cash because there's cash doesn't exist, and it will come.
- 48:24It is already here, technically.
- 48:26It's just a matter of them putting it into our everyday life.
- 48:30Okay.
- 48:31You're gonna say to yourself, why didn't I own gold and silver?
- 48:34I'm telling you, you're gonna do it.
- 48:35And it's gonna keep escalating up anyway.
- 48:37And I'm not here to sell you gold and silver, I'm just telling you it's a byproduct of something you should have, and the as like a life jacket if a boat sinks, like a parachute if the well, if the airplane doesn't work anymore and you got to jump, or if you're just in a car, and you say, you know what?
- 48:54I think I'm gonna smash this car into this big cement wall.
- 48:57I'd wear the seatbelt first.
- 48:59I'd put that seatbelt on just in case.
- 49:01If you're gonna go and do a train wreck kind of situation, or if it happens by accident, or why do you have health insurance?
- 49:07Why do you have car insurance?
- 49:10I'm just saying wealth insurance is cheap, but it's never thought about.
- 49:15So again, I'm gonna break down one more part here because I think it's important.
- 49:18I've given you kind of the roadmap of the good, the bad, the ugly, but also some solutions here, at least to try to mitigate the damage that it's gonna have on us, and it's gonna be damaging.
- 49:27No, you think you're gonna own all these assets?
- 49:29Oh, let's talk about tokenization.
- 49:31Woo!
- 49:32Talk about tokenization.
- 49:36Well, first of all, what is tokenization?
- 49:38Tokenization is when they take your asset.
- 49:40Let's say you're your house.
- 49:42And people go, oh, I already own my house, it's paid for.
- 49:45No, it's not.
- 49:46Yes, it is.
- 49:47No, it's not.
- 49:48Okay, I dare you not to pay the real estate tax on that house, and let's see how long you own that house, even if there's no mortgage.
- 49:54And they're like, okay, okay, I don't own my house.
- 49:57Bingo.
- 49:58Taxes, by definition.
- 50:00Definition.
- 50:01By definition, taxes are in a literally.
- 50:10How do I say this gently?
- 50:11It's an attack on people.
- 50:13It is.
- 50:13It's an attack on people.
- 50:15Low taxes, the government's your partner.
- 50:18High taxes, it's an attack.
- 50:20It's an assault.
- 50:21It's a confiscation.
- 50:23Think about it.
- 50:24If I'm in a 10% pay across the board tax environment, like Monaco, 10% tax, uh, sales tax, no real estate tax, no income tax.
- 50:31Well, they say they do have a real estate tax, but I think it's a one time, but their sales tax is 10%, but there's no income tax.
- 50:36That's a government that loves its people and encourages prosperity.
- 50:42Well, because the more you make, the more you spend and they get their sales tax.
- 50:46Governments in Europe do not like their people.
- 50:49They hate their people.
- 50:50They hate the ones who make the most amount of money as well.
- 50:52So they attack those people with high taxes.
- 50:56That's an assault.
- 50:58So we are now going to start to see tokenization.
- 51:02Tokenization is where they're going to digitize all the paper.
- 51:05It's called smart contracts.
- 51:06So they take your mortgage, they they write a piece of code that represents what that real estate is, where it's located, all the very specifics that are on the title, and they put that into what they call the blockchain, which is really just a server that holds the information that makes it impossible to transfer that ownership to another person without an encryption key that you write the code, you put it in there as a smart contract, your title, your deed, whatever it is, and it stays there.
- 51:36And now if you want to move it, oh, I want to sell that house for $100,000.
- 51:40Well, I probably know how to say a million bucks, probably more realistic.
- 51:46And you want to sell it.
- 51:48This guy over here wants to buy it.
- 51:50The guy goes, I want to buy the house.
- 51:52Great.
- 51:54I need an encryption key to go into my computer, put his name, put his address, and then let him transfer the money as like a title company.
- 52:05You facilitate the transaction, but without that encryption key, you are never going to move that piece of real estate.
- 52:12You're never going to sell that car, that boat, that plane, that train.
- 52:16I don't care what it is.
- 52:18Because without an encryption key, you cannot legally, physically, of any kind move the ownership.
- 52:29And the encryption keys are held by third parties.
- 52:33That's how the Genius Act works.
- 52:35That's how Europe did it.
- 52:36So when you have money to transfer, third party, can they get an encryption key?
- 52:42Are we going to hold those keys?
- 52:43No.
- 52:44There's already movements now to have basically vaults that hold the keys.
- 52:49Got to keep it safe.
- 52:50Keep it efficient.
- 52:51Keep it convenient.
- 52:52Have you heard that before?
- 52:54I have.
- 52:55Okay.
- 52:55Well, if it's all of those wonderful things, why is it so hard to do it?
- 52:59Why do we have to do it in the first place?
- 53:01Oh, we want to stop fraud.
- 53:02Well, the fraud represents low single digits of what I'm talking about.
- 53:07So 95, 97% of the whole system is without fraud and it works perfectly.
- 53:13Why does 2 or 3% represent 100%?
- 53:16We've got to change it.
- 53:17We got to do it.
- 53:19Why?
- 53:20Because the people at the top want control.
- 53:23Healthcare, transportation, money, assets.
- 53:30Tokenization is what Larry Fink said, the way of the future.
- 53:35And within a few years, however he defines it, three years, five years, everything will be tokenized, which means your real estate, your stock account, your bond account, your digital silver and gold will be tokenized to the point where you no longer have the freedom, the access to move it to sell it without some permission.
- 54:00Somebody somewhere is going to be asked, can I sell this?
- 54:05And they're going to look at you and go, yeah, for a 2% fee, 3% fee, it's a wealth tax.
- 54:11They have it now.
- 54:12So when you start to think about all of this, and you start to put together all of the AI revolution, and not just about a little here, a little there, but a lot in how it represents one thing.
- 54:31AI revolution is one thing.
- 54:34It ultimately leads to control.
- 54:37Control to where you don't have to hire, you can fire, you can make more money.
- 54:43If people go against you and you're in a position of authority, power, you're elected, you're appointed, or you just have billionaire status in a company, or you have this type of strength, you're going to do whatever it takes to maintain that level of wealth and that level of power, no matter who or what's in your way.
- 55:10That's already AI.
- 55:12The system of which when you dictate and comes out, translates, all that, it's already there.
- 55:17What's interesting is how people have embraced it so fast, like Venmo.
- 55:21Crazy for people to have literally embraced it so quickly.
- 55:25But they did.
- 55:26And they did it incredibly well.
- 55:29They did it with Bitcoin.
- 55:31They could prove the government, CIA, Mossad, NSA, MI6, all the various agencies that started it, promoted it, got involved in it to program.
- 55:42Well, first they had to condition us that something of nothing has value, like crypto.
- 55:47And then after they program you, whereafter they conditioned to program you to use it every day.
- 55:52It's called adoption to consumption.
- 55:54Now it was easy for them 10, 15 years later to roll out digital currency as a centralized.
- 56:00There we go.
- 56:01So don't think the AI revolution is a bubble.
- 56:04It's not a bubble.
- 56:06Hiccups, yes, ups and downs, absolutely.
- 56:09Ultimate leads to one thing.
- 56:11The new world order and the great reset.
- 56:15And that's what we're talking about today's show.
- 56:18Is it worth it?
- 56:20It must be because it's happening.
- 56:22Can we stop it?
- 56:23Not a chance.
- 56:24How do you protect your wealth?
- 56:25Do it before it's too late.
- 56:28Not saying gold and silver is the only thing.
- 56:29There's other things out there, but you better have it.
- 56:31You better do it quick because that stuff is going up in value because everybody at the top knows what the bottom people don't.
- 56:37Buy low, sell high, protect your assets first and foremost.
- 56:40I am Christian Briggs on the record.
- 56:43Appreciate you guys tuning in.
- 56:44We'll be back with another fabulous show.
- 56:48In uncertain times, the smartest money doesn't sit in the stock market.
- 56:51It holds weight.
- 56:53The price of gold has risen from 1700 an ounce in 2020 to over 3800 by late 2025.
- 56:59Silver is currently around 46 an ounce.
- 57:02A 155% increase from roughly $18 five years ago.
- 57:07Follow on X at BMC underscore H A M for all news and the latest developments.