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Interest rates, housing prices, and the fear of impending disaster
The speaker highlights the normalization of interest rates, emphasizing a significant increase in monetary printing. They discuss how housing prices have been inflated due to 15 years of monetary policy and supply restrictions, making the current scenario of rising interest rates and housing prices concerning. Despite advancements in free markets and minds leading to progress, there is a looming fear of impending disaster similar to past recessions and the Great Depression. The conversation transitions to the forces shaping the new financial world order, suggesting that it is driven by historical shifts and human nature rather than entities like the World Economic Forum.