This week’s newsletter is out!
In this week’s edition:
Peak AI, alternative git interfaces, Hendrix, tokenised wine, debt & the boomer industrial complex, arguing about archaeology, future of podcasting, Ai eats european languages
Issue details:
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Raoul Pal in a recent episode of his podcast [22:13]:
You see everything did break back in 2008. Peak population growth created these problems going forwards and we are seeing the central banks doing one thing and one thing only. In fact, I think the governments are doing one thing and one thing only. […] Their entire job is to keep afloat the great baby boomer investment complex.
You see most of the savings in the US and across the world are in older populations. Those were the richest populations the world had ever seen. Those have all of the wealth. In the US particularly they own equities, in Europe they own bonds. In Japan they own bonds. So what you can’t allow is the equity market to collapse. […] Of course the governments and the central banks understood this. They understood all of this. They have been trying to debase currency to optically keep the price of those assets high so the baby boomer savings complex continues.
Two things jumped out at me from his thesis. Firstly, that much of our current economies dynamics are a direct result of demographics. The second thing is that, unlike many from crypto and Bitcoin circles, he believes the central banks aren't incompetent, they know exactly what they are doing.
It's worth listening to the rest of the episode, he makes a lot of interesting observations.
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Today’s links:
Third-party iPhone app store AltStore PAL is now live in Europe - The word PAL is trending for me this week for whatever reason. It's intetesting that one of the first apps is a clipboard manager, which requires you to give it lots of priveledges. Also notable is the alternative app store gets developers to host apps on their own servers. It's almost like it's the setup to a bad exploit joke. www.theverge.com #
Boston Dynamics’ Atlas humanoid robot goes electric - These humanoid robots are pretty cool. I also like the new friendlier approach. But to be honest the movements like quick turning around and getting up look so unatural that you would be forgiven for wondering if there isn't secretly a kill everything mode that can be activated. It reminded me of the liquid metal terminator turning around right before it chases after Arni. Cool but probably need to make it more friendlier. Of course I could be wrong, I can see how these movements could indeed be useful. It's not quite the robot mate I've written about recently, then again the word PAL is trending this week, the internet is nothing if it isn't a bizare synchronicity generator. techcrunch.com #
🚀 Latest Newsletter: Infinite Peace (Issue #160) markjgsmith.com #
‘Five-year-old on acid’: Liz Truss’s Ten Years to Save the West - I don't follow british politics all that much. I thought this satirical piece was mostly quite funny, but the ending takes it a bit far. Perhaps an indication that some of the left aren't quite the funny cuddly care bears they claim to be. www.theguardian.com #
New Post: Raoul Pal on the baby boomer savings complex markjgsmith.com #
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