Michael Nicolletos
π€ SpeakerAppearances Over Time
Podcast Appearances
So I pay you $100, you pay someone else $100, they pay someone else $100.
So the faster this thing starts moving, this creates GDP growth.
So imagine now with a constant money supply, I'm not saying that this changes, and if people who want to learn about velocity of money, if they go on the internet, they're going to see many papers that velocity of money had been going down for many, many years.
Now velocity is going to start going through the roof.
And now imagine velocity going up with the same amount.
If velocity of money doubles with the same money supply, GDP growth is going to skyrocket.
So this is ahead of us.
So in terms of GDP and debt, if GDP growth is 6%, 7%, do you really care about the debt?
I'm asking an open-ended question.
I don't expect that.
So here you have a mechanism.
There are two things here.
First of all, in terms of cybersecurity.
So the EIRH is important primarily for cybersecurity.
And I mean cybersecurity, you want always to have the latest model in order to be ahead in terms of someone hacking you.
So if you're a US and China, you want to have the top model.
And I mean the top model so you can be ahead
of any cyber security threat.
This is not only a devil of code.
So these things are very important.