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Bitcoin, AI, Central Bank Struggles and the Pandemic's Impact on the Global Economy - Darryl Schoon #6037
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Manage episode 411558822 series 2829089
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Summary: The meeting covered a range of topics, including the global economy, Bitcoin, and artificial intelligence (AI). Kerry Lutz and Darryl reflected on the 14-year journey of economic uncertainty, the struggles of central bankers to restore stability, and the impact of the COVID-19 pandemic on the global economy. They also discussed the potential implications for China's economy, the psychology of market participants, and the role of gold as a barometer of systemic distress. The conversation then shifted to Bitcoin, with Lutz discussing the institutional adoption of the cryptocurrency and suggesting that institutions are being sold debt and IOUs. He expressed skepticism about the motives behind institutional investment in Bitcoin, portraying it as a way for the fast boys to profit at the expense of the slow boys. The meeting also covered the potential impact of AI, with participants expressing concerns about the environmental and societal implications of AI technology, as well as the ethical and philosophical aspects of AI development. They discussed the potential negative consequences of creating machines that mimic human actions and the dangers of creating machines that are similar to humans but lack the ability to make ethical decisions. Find Darryl here: drschoon.com Find Kerry here: FSN and here: Inflaton.Cafe
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continue reading
1001 episodes
MP3•Episode home
Manage episode 411558822 series 2829089
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Summary: The meeting covered a range of topics, including the global economy, Bitcoin, and artificial intelligence (AI). Kerry Lutz and Darryl reflected on the 14-year journey of economic uncertainty, the struggles of central bankers to restore stability, and the impact of the COVID-19 pandemic on the global economy. They also discussed the potential implications for China's economy, the psychology of market participants, and the role of gold as a barometer of systemic distress. The conversation then shifted to Bitcoin, with Lutz discussing the institutional adoption of the cryptocurrency and suggesting that institutions are being sold debt and IOUs. He expressed skepticism about the motives behind institutional investment in Bitcoin, portraying it as a way for the fast boys to profit at the expense of the slow boys. The meeting also covered the potential impact of AI, with participants expressing concerns about the environmental and societal implications of AI technology, as well as the ethical and philosophical aspects of AI development. They discussed the potential negative consequences of creating machines that mimic human actions and the dangers of creating machines that are similar to humans but lack the ability to make ethical decisions. Find Darryl here: drschoon.com Find Kerry here: FSN and here: Inflaton.Cafe
…
continue reading
1001 episodes
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