00:00As explained in my book, Principles for Dealing with the Changing World Order,
00:05the way this all works for me is that there are these cycles, there are these business cycles,
00:13you know, Federal Reserve turns stimulative, the economy picks up, it gets too hot,
00:18they tight monetary policy because inflation rises and you go through those. We've had 12
00:23and a half of those since 1945. And then there's a big long-term debt cycle in terms of these
00:31adding up over a period of time to a big cycle. We're in a big cycle. That big cycle isn't well
00:36understood. I'd love you to understand it. It's covered in the book. And then at the same time,
00:42there is man's inventiveness and technology that raises living standards over a period of time
00:48that's not very cyclical. It is primarily like that. And we're experiencing that through
00:54artificial intelligence and many other technological advances. That is what it looks
01:01like. I'd like to bring it to you in a very intimate and precise and mechanical way so that
01:08you can see how it works, both for your own purpose of navigating your own decisions, whatever they may
01:13be. Maybe it's their decisions about investing. Maybe it's decisions about your business or how
01:20you're going to save. And I want to bring it to policymakers so that they can understand, okay,
01:26how are they going to deal with this situation now? I've laid out this template so that it's clear
01:31and simple to read. You can read it as it's coming out online for free, or you can pre-order it at your
01:41local bookstore or online. I think that you'll find it very interesting, and I hope we can talk about it.
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