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Rick Ackerman

Nov 7, 2026

13:13
Where do you see the stock market's going from here?
13:17
Well, I think we're going to grind along, but with the leadership of those two stocks, which I think are going to go on to make new record highs, the market really has kind of a cushion beneath it.
13:33
And it's an interesting story.
13:35
You know, the sleazeballs who move the markets, the ones who control what you call the masters of the universe, if you will, they have...
13:47
They need to only control just a couple stocks.
13:50
In the case of Apple and Microsoft, you're talking about a capitalization value close to $9 trillion.
13:58
So even on days when they gap those stocks up just a bit, you're creating hundreds of billions of dollars of phony wealth effect.

20 MINS LATER

34:25
What do you see ahead in the energy market?
61:03
Are there ways to avoid a second Great Depression?
61:08
No, I've never seen a way.
61:10
And I still think that it's all going to end badly in a very deflationary way.
61:16
And the reason that's not just true, but obvious and inevitable, is that we have and we we discuss this point before you know that the global economy actual goods and services is something like let's let's say a hundred seventy trillion dollars and you probably have to eliminate hair for that because you know there's nothing really that gets done in government all the uh... you know government employees don't really do anything or add anything to the economy So let's say that the useful GDP of the whole world is maybe a hundred trillion.
61:56
But if you measure the size of the financial markets, they're hugely larger than that.
62:02
So you've got this derivatives economy that aggregates to something like two and a half quadrillion dollars that somehow is exists in service to the, um, the real economy.
62:15
So it's, it's in the end, it's the financial economy.
63:39
Why would anyone want to work?
20:06
Is it likely to remain the go-to fiat currency?
20:09
Yeah, it will.
20:11
And I've had a theory for a long time.
20:14
that we would ultimately have a short squeeze on the dollar, meaning its value would go up relative to all other mediums of exchange.
20:26
And the reason being is that we're playing right now with literally quadrillions of dollars that exist in a virtual way in the financial economy.
20:38
It's a daisy chain, or it's like a huge, aisle of leveraging, of leveraging, of leveraging.
20:46
But when you start to deleverage, you're on the downslope, and this whole mentality that has driven the stock market, that prices will always go higher, that's in the process of dying right now.
22:12
Is this a tough time to be an investor?
15:23
Is that one of the big threats facing all these AI platforms, potential lawsuits for abuse of power?
15:32
No.
15:33
No, I mean, I understand the lawsuit viscerally because I've gotten hooked on Facebook.
15:44
You know, I went on the dating app.
15:46
I'm a single guy.
15:48
And you can see how insidious Zuckerberg's program is.
15:54
You know, the dating service, pretty much anything that happens on Facebook has one design, and that is to really suck you in.

10 MINS LATER

25:32
Getting back into the AI bubble, do you think we're going to see a collapse anytime soon?

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