Comments
Transcript
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NPTrev has some great ideas, but. I just returned to Australia after 25 years. I live in central Melbourne. I'd say more than 50% of the women drive an SUV and wear Lululemon yoga pants even on days they don't work out. Millennials don't give a shit about anybody then themselves. Poor millennials work at McDonald's or TGI Fridays and don't have time to think about social change. These kids are too busy to change the status quo. Yeah, they all use iPhones, but their influence is not equal. So weird how these experts always think the next generation (millennials) will give up wealth and privilege to be "equal." Very weird or dumb.
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DNReally nice piece. I think 13D can be added value, but still hard for me to forgot awful peak oil call.! Think he got a lot right in terms of big picture themes/narratives, but would have expected more inclusion of China role in current consolidation and how their authoritative capitalism will impact capital distribution.
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WMEnjoyed the interview. Agreed with most of his observations. I keep hearing about how millennials will inherit vast wealth from their boomer and early Gen X parents. This will occur ONLY if we do not experience an asset collapse in the next 5 to 10 years. Is that feasible? Additionally the boomers are going to want to pay for their healthier retirements (more healthy and "younger at heart" pensioners than their parents) by spending savings and downsizing properties to fund retirement trips and "cruises". I suspect boomers will hand down much less wealth than some expect even in good economic circumstances. If a debt collapse occurs, the transferred wealth will likely be less than that which the boomers received from their parents.
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DHGosh the music is jarrring. It doesnt help that is is played at a high decibel!
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AKMillennials (and I am one) will have a very interesting choice to make. To unfunded liabilities in the US, Europe and Japan are simply to large to be paid without substantial inflation/hyperinflation or without raising taxes a lot while minimizing government benefits to non pensioners. I think my generation will unfortunately choose hard core socialism with large wealth taxes and effective tax rates well above 60 %. This combined with MMT will most likely lead to a economic demise seldom seen in western Europe and the US. Holding Bitcoin, physical gold and being ready to arbitrage between countries and move where the tax rate is low/none seems like a no brainier kind of decision.
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RH"...34 years...", interesting.
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TMI hope he is right. We'll see.
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EK"innovators recognize that there is a profit and a SOCIAL responsibility". Whew certainly contravenes the neoliberal doctrine which has held sway for decades. Looks like Hayek misinterpreted "The Road To Serfdom" as it has many more paths than socialism.
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TSI had an opportunity to work on 5G-related projects at work previously and the fact for B2B business applications is that almost nobody knows how 5G, AI, ML, Blockchain etc. can be applied on massive scales in a cost-effective (highlight this) manner. Most people keep throwing out buzz words but the solutions that we need are a long-way ahead. But nevertheless, an informative interview about the consumer side of things
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XFexcellent ! thanks
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WAPlease bring Trevor once a month on RV. By the way he looks a lot like Clark Kent :)
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RPSounds like a 4th turning is also part of 13D's hypothesis...
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CDexcellent!!
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KKCandy to the ears. Only thing is, these things don't normally occur with a lot of bloodshed....
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JHVery interesting points. I love 13D’s work. Thank you, Trevor!
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HMHmm, personal opinion, I don't see how IoT, 5G and AI are technologies that "enable" the reversal... If you look at any of these techs, it's mostly consolidated to a handful of major players once again..
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PGVery interesting topic and something that will certainly pick up steam in the coming years I would think. With the advances of technology and communications (e.g. social media), those "left behind" are acutely aware of the wealth inequality, narcissism, etc... Exhibit A - do a Google search on "Rich Kids of Instagram"...
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GCMr. Noren was great. Highly informative. Provocative. Insightful. Much food for thought. One of RealVision's best.
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NII sure hope Trevor is right, but all I see on the ground right now is consolidation.
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KEThe video is over a month old. My guess is it got pushed for the bitcoin gold special
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BMExcellent! It is something I have pondered over for some time, as I believe our current economic/social malaise is quite similar to the days of the robber barons which brought about the breakup of Standard Oil and the like. So hats off to you Noren for putting in the research effort to better define the issue.
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THAgree 100%
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JAShades of the 4th Turning. I’d be interested to hear if Trevor sees these as cycles, and if so, what the length of these cycles are. Great interview with a unique perspective.
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AMoutstanding perspective
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PJExcellent interview, original thinking, would be good to get back with a deeper dive into thinking around investment strategy and timelines
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PBThis was brilliant Trevor! Thanks a lot!
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YUDon’t be fooled by the dislike ratio. This is a divisive topic. But this is good of a case that you’ll see made for this thesis. Highly recommended watch even if you disagree with the conclusions.
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IHA significant interview in terms of what is happening geo-politically and financially. I believe we should take note. Thanks Trevor
Chapters
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What is your perspective on wealth inequality?
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Where will battle lines be drawn on wealth inequality?
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What is the political side of the consolidation and diffusion equation?
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What is the cultural side of the consolidation and diffusion equation?
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Will the cultural reaction change as wealth inequality shifts?
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What is the technological side of the consolidation and diffusion equation?
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What will the future look like for consumer vs. business led technologies?
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Why does this shift matter to investors and citizens?