The TRUTH about Creating Passive Income that the PROS know.

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✎ In this video, Jeff Hays dives deep into the intricacies of modern economics with the insightful economist and entrepreneur, Paul Zane Pilzer. The discussion centers on the alarming changes in the global economy, particularly focusing on the rapid technological advancements that are transforming industries and labor markets. Pilzer, drawing from historical predictions by John Maynard Keynes, explains how we're moving towards a future where only a third of the population may be employed, largely due to automation and robotics. This transformation, he argues, will create both immense opportunities and challenges, especially as businesses must adapt to these new technological realities or risk obsolescence.
Paul Zane Pilzer shares his unique perspective, shaped by his diverse career as an economic advisor, professor, and serial entrepreneur. He reflects on his past accurate predictions about the economy, including the V-shaped recovery post-COVID-19, and offers his current outlook on the economic landscape. Pilzer discusses the bifurcation in the economy, where some businesses thrive by leveraging new technologies, while others struggle. He also addresses the growing wealth gap, a topic that deeply concerns him, and the inevitable rise of universal basic income as a potential solution to the displacement caused by technological advancements.
The conversation also touches on the critical role of the Federal Reserve, inflation, and the future of money. Pilzer, alongside Jeff Hays, explores how the central bank's policies and the global influx of capital into the U.S. are influencing the dollar's value and the broader economy. They also consider the potential dangers and benefits of these economic trends, including the risks posed by commercial real estate, the devaluation of the dollar, and the political and military stability of the United States. This video is a must-watch for anyone interested in understanding the forces shaping our economic future and the strategies that can help navigate these turbulent times.
✎ Checkout Jeff Hays' channel: / @jeffhaysfilms
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Evan
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