How AI and Automation Create Tech Deflation but Fiat Inflation

Preston Pysh, General Partner at Ego Death Capital and Lawrence Lepard, author of The Big Print, return to the show for an in-depth discussion about the macroeconomic turning point now unfolding. They break down the Fed's latest moves, the illusion of tightening, and why quantitative easing (QE) is inevitable — whether it's called that or not. The conversation spans the end of the petrodollar era, the rise of AI and automation, wealth inequality, populism, and the future of Bitcoin in a world of gold-buying central banks.

We discuss:

• Why liquidity drives every market cycle
• How QE will return under a new name
• Why gold leads but Bitcoin will win
• How AI & automation reshape labor, wages, and inflation -- and leads to more Mamdanis
• Why "crony capitalism," not capitalism, broke the system
• How quantum computing could force Bitcoin's next major upgrade

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Pre-order Natalie's new book "Bitcoin is For Everyone," available November 18, 2025. https://amzn.to/3WzFzfU

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Make sure to catch Tyler and Cameron Winklevoss speak at Bitcoin Amsterdam on November 13-14. Use code HODL for discounted passes: https://b.tc/conference

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This podcast is for educational purposes and should not be construed as official investment advice.

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