Chris Kline
๐ค SpeakerAppearances Over Time
Podcast Appearances
So if we if true unemployment numbers are usually much higher.
Yeah.
And you also have, we're in a gig economy.
You're a gig guy, right?
This is what you do.
We're in a whole different economy than we were where we were running non-farm and farm payrolls back to 100 years ago.
And that's also true with inflation.
The CPI index doesn't include some major things like housing.
transportation costs, higher education costs, medical and health care costs.
And those things have been skyrocketing.
So if you were actually to take those and put them back in the basket and measure CPI, I'd say that we're somewhere where I feel it is probably in double digits for sure.
Oh, my God.
Per year?
Yeah, per year.
Holy crap.
in certain places like some things and that this is the this is them chasing the headlines right so eggs are down great so we got more chickens to make more eggs and we figured out the supply but not if you buy like the expensive eggs you know those haven't gone down raised yeah if you get the cage-free ones those haven't gone down in price uh some staples go down but the other things just there's this stubborn inflation to it and it's gonna get it's gonna get worse i always try to price things in my head in terms of bitcoin makes me feel a little bit better about life
So if you thought about a house five years ago was about eight, nine Bitcoin.
Now it's about three and a half, four Bitcoin.
So if you're sitting in that asset that's stable, I know it sounds like a crazy word with Bitcoin, but it's stable and scarce.
You're going to watch prices go down in your lifetime as opposed to them going up.