 Are we heading towards a universal basic income? There's a couple of things that I want to lay out in this video. And I'll be talking about the pros and cons of basic income. Obviously, right now, that's top of mind. A lot of people are talking about helicopter payments and entering a stage of MMT, modern monetary theory. Now, if you guys don't know what that is in a nutshell, instead of having collateral to give into the Fed, so the Fed can give money to the Treasury, pretty much there is no collateral. It's print on demand money when debt doesn't matter. There is no such thing as debt because we control money. We can print $100 trillion if we want. And so it's been on top of mind. People talking about universal basic income. There's many different forms and deviations of it. But in a nutshell, it doesn't matter if you're poor, middle class or rich, everybody gets some free money. So let's talk about the so-called free money. Number one, it's not really binary that it's black or white or it's good or bad. There's many different shades of gray. There's many different things to pay attention to. And what I want to talk about more or less is philosophy and psychology. We'll get into the economics at the end. The economics are pretty binary. We know exactly what's going to happen if you print a lot of money. It's inflation. Anyways, we'll get to that. Let's talk about the philosophy for a second. While UBI is going to create, if you guys are familiar with George Orwell 1984, even one of my favorite movies is Equilibrium with Christian Bale. Phenomenal movie, phenomenal movie. And so basically where we're heading with UBI is this picture. This I want you to imagine this you are a person that's getting free money. Now, remember, there's no such thing as free lunch. It's laws of physics, the laws of thermodynamics. You don't just magically create something without giving something out. There's a transmutation. There's strings attached to that. And so you get this money. What this is going to create is going to create a caste system very similar to India. If you thought the divide between equality right now is bad, just fucking wait and see once fully UBI is rolled out. Now, what's going to happen is this, you get this check. This check comes with conditions, my friend. Yes, conditions, lots of conditions. Condition number one, you must be a good pleb. You must be a good servant if you step out of line. If you disagree with what we say, the money is gone. Number two, well, you must vote for us, because if you don't vote for us, we will remove the UBI. OK, number three, OK, your kids want to go to school. You want access to health care. You want all this? Guess what? You have to fit in line or else you will not get. You will not have access to this. And so this is really akin to what's kind of happening in China right now with Black Mirror, isn't it? The Black Mirror effect or the Black Mirror show. You have a caste system, social credits. Oh, you got a bad credit and you can't use a train. Your kids can't go to school. You can't have access to this. You're this is the caste system all over again. Cast system 3.0, digital version. And so don't be naive to think because you're getting this free money. It doesn't come with conditions. Of course, it comes with conditions. It comes with the worst conditions. Not to mention the psychological second and third order effects on you. The very notion that you have to depend on somebody. It's almost I always said this. The government is replacing the head hold of the house. No different when the parents give an allowance to the kids and it told the kids, hey, children, if you don't behave very well and if you don't do your chores, you don't get your twenty dollars a week. This is no different. The government has become your mom and dad. And if you don't behave properly, they're going to take that check away from you. And a lot of people are willingly going to line up and take it because we have an issue of the man child syndrome in society today where a majority people have adolescent minds and adult bodies. They're not psychologically grown up. They can't handle stress. They've been helicoptered from the boomers and they can't handle the world around them. Young talks about this, Google it, highly recommend looking it up or the modern day Peter Pan syndrome, as they call it. And so that's what's going to happen with UBI. We're going to have millions of people raise their hand and say, yes, yes, please be my mom and dad. Yes, I will accept the two thousand dollars a month. Mind you, that shit's getting taxed, too. That's a whole side tangent. They're taxing the money to give you yet they print money unlimitedly, which brings up the question why even tax. That's a whole different video. I'll make it be a tax system is a slave system. There's a reason why the tax is to put you in line and to give a perceived fake value for the dollar. And so here you are, millions of people raising their hand like, yes, please give me my two thousand dollars a month and I will be a good little boy. I'll stand in line and behave. I won't think outside the box. I will think inside the box. I will behave. I'll vote for your party and I'll be a good little robot. Dun, dun, dun, dun, dun, dun and majority of people will accept this and we will create the most ridiculous caste system possible because you're going to have people on top that don't accept that that are willing to take risks that won't take a dollar from the government that's willing to think outside the box because comfort and mediocrity kills success. Comfort and mediocrity is the worst. If your goal is to be mediocre and comfortable, good, like you should just stop now. Like that's the worst thing you can possibly strive for. Mediocrity is the worst, absolutely the worst. So that's a huge psychological issue. Mind you, like I said, many people are going to sign up. Many people don't care. Many people are willing to live on small breadcrumbs and fit in line. That's normal. It's 80-20 rule. That's how everything is, is the power laws of the universe. But there's that 20 percent that don't want to do that. Now, let's get into the things that we talked about in inflation. Now, short term, when you print money, a couple of things happen. Number one, you get the Catalan effect. Where money is premium on the top. You and I don't have access to this. The banks and Wall Street have access, so they have a premium on that where they can now dispose of it within the economy before inflation happens. And so what's going to happen short term is we get this honeymoon effect where it's like, oh, cool, all this money. I'm going to go spend it on things. Short term, it's great, like absolutely great. There's a small stimulus in the economy. People out there are spending. This is why 75, I think 75 to 80 percent of lottery winners go broke because they don't have any financial literacy. They just spend their money and it goes back up to the top. If you if I if you gave a million people a million dollars, 90 percent of those people will lose a million dollars because they have zero financial literacy. And so let's fast forward from the short term now into the medium term. Things get a little bit more difficult. Why? Because you have more supply of money fighting now for the same supply of commodities. And it's even worse now because of covid. So our supply chain is getting shrinked. And so what happens when you have more money with more people betting on a decreased supply of commodities? Price goes up, right? So if you have this much money and very little supply, it's not rocket science. So long term inflation happens and a good stack on top of this is Brett Johnson's milkshake theory. Google it. Fantastic. Which is going to kind of hyper accelerate the inflation. Not me. Not short term, not medium, but long term. Long term can be two years, could be three years. And so those are my kind of initial thoughts when it comes to UBI. I think it's eventually going to come here. People will just accept the fact that they will become plebs and it's unfortunate until slowly the or Boris eats his own tail. And then people realize that this has been a scam from day one. Human beings by design are not meant to live in mediocrity. We're meant for sprints of sheer extreme circumstances from the wild, from our hunter and gatherer time. And so this will lead to a great depression. This will lead to many psychological and physiological problems. And so like my theory is we're heading towards this. My question I'll leave towards you is are you going to be the ones that raise their hand, the 80 percent thing, giving me a $2,000 allowance from your now artificial parents, your mom and dad from the government, and you be a little good boy or you can be the 20 percent like I don't want this. I'm going to live by myself. I'm a survivor. I'm a grinder. I'm going to build my own value. I will not opt into the system. I'm going to opt out to the system. And that's where we're heading. We're going to have this caste system where you have the elites on the top, the plebs at the bottom and certain people who are opting out completely, completely opting out, opting out of our financial system, opting out of the government schooling, opting out of all establishment run by the new fake artificial family. And I'll leave it at that. If you have any comments for me, leave a comment below this video. Subscribe, hit the like button. I'll talk to you guys soon. Peace out.