📈The Exponential Age (Raoul Pal) source
📈The Exponential Age (Raoul Pal) source 1. The value of cash continues to be diluted - It is not the Federal Reserve that moves the market, but global liquidity. - Central banks, governments, and commercial banks are expanding liquidity together. - If you only hold cash, your purchasing power structurally decreases. - The investment criterion is not prices, but growth faster than monetary expansion? 2. AI is creating a synthetic workforce - AI agents replace knowledge labor - Humanoid robots replace manual labor - Economic growth no longer depends solely on the human workforce. - The margina…
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