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#222 Luke Gromen: 'Devalue The Dollar First' | Why DOGE Without Dollar Weakening Would Be 'Catastrophic
The Julia La Roche Show
Parasitic Activities and Dollar Devaluation
- A significant portion of the US GDP comes from parasitic activities like government, finance, insurance, real estate, and healthcare administration.
- These sectors don't produce anything but take a cut of every transaction, existing on the back of the productive economy.
- This parasitic growth, coupled with high debt, necessitates dollar devaluation.
- Devaluing the dollar is presented as emergency surgery, a short-term fix to allow adjustments before tackling the longer-term problem.
- The longer-term issue concerning AI and robotics productivity, potentially leading to job displacement and a financial crisis if not addressed.
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