Honestly I'm not too excited by implanted chips and holograms. I still appreciate my human nature as it is. I doubt such realities would make life on earth more fun and worth living.  

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**Summary:**
In this video, the speaker discusses the impact of technology on inflation and deflation over the next 10 years. He emphasizes that technological advancements, particularly in areas like AI and automation, have a deflationary effect on the economy. The speaker predicts a future where various sectors, including housing, transportation, education, and healthcare, will undergo significant transformations due to technology, leading to reduced costs and deflationary pressures. He challenges the notion that excessive money printing by central banks can lead to hyperinflation in the face of these deflationary forces. The speaker envisions a digitized world with innovations like holograms, brain-chip connections, and contact lenses replacing traditional devices.

**Detailed Article:**
The video opens with the speaker, Taskmaster4450, delving into the impact of technology on future economic trends, particularly focusing on inflation and deflation. He acknowledges that while collapses of economies can induce deflation, the overarching trend of technological expansion poses a significant and continual deflationary pressure on the economy. In the US, he notes that approximately 7% of the economy is already under informational technology, with AI and software playing substantial roles in deflating costs at annual rates as high as 70%.

The speaker paints a picture of a future where advancements in technology, such as AI and robotics, will drive down costs across various sectors, leading to a considerable reduction in expenses. He discusses how automation and AI will revolutionize industries like housing construction, healthcare, and transportation, resulting in significant deflationary impacts. Forecasts suggest that within ten years, a quarter of the economy could be under the influence of deflationary technological advancements.

Taskmaster4450 challenges the common belief that excessive money printing by central banks will inevitably lead to hyperinflation. He argues that the deflationary pressures exerted by technology advancements, especially in fields like education, housing, and transportation, will counteract any inflationary tendencies. The speaker envisions a future where traditional devices are replaced by more advanced technologies, such as holograms, brain-chip connections, and contact lenses, further contributing to deflation.

Furthermore, Taskmaster4450 highlights the potential for energy costs to decrease significantly as decentralized energy systems become more prevalent, adding to the deflationary forces at play in the economy. He concludes by encouraging his audience to consider how central banks' monetary policies can coexist with the deflationary impacts of technology and energy advancements in shaping the economic landscape over the next decade.

In essence, the episode serves as a thought-provoking analysis of the intertwined relationship between technology, inflation, and deflation, offering a futuristic perspective on how ongoing technological advancements are likely to drive down costs and reshape various sectors in the economy.

With tech crushing the costs of “everything” money may not play an important role in the new economy. Why pay for something if you can get it for free. :) Paper pushers on Wallstreet may need to find new careers.

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I think it doesn't matter how much prices drop by if there are no jobs people will still not be able to afford it. I see owning land and being self sufficient even more important as millions and millions will be forced into unemployment. There will not be jobs around and then what?

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Really interesting.  The problem, as I see it right now, is that where technology is improving our lives, wage growth isn't allowing people to necessarily improve their station.  The moneyprinting that's being done seems to me to be flowing into the pockets of the superrich, thus vastly widening the gap between the haves and the have-nots.  The place where we're seeing true inflation right now is in assets.  Real estate, the stock market, some commodities, airplanes, cars, boats, etc.  Most of those assets are only accessible in varying degrees to the people who have "extra" money with which to buy them.  The rest of the population is still living under the oppressive weight of the debt they've been encouraged and basically forced to accumulate to survive.  20-30% rates on credit cards.  Seriously?!  While the banks flip money back and forth for close to 0%!?!

I don't know if that has anything to do with your talk (sorry), it's just where thinking about what you were saying led me.  If you can apply it to your talk on deflation, I'd love to hear your thoughts. 



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@taskmaster4450le 

"The percentage of the economy that is comprised of technology is growing. This provides a lot of deflationary pressure of the long-term"


This statement is so true sir

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