Billionaire's WARNING: I'm SELLING. The Crash Is Already Here!

What advice do you give for the average person that's looking to invest their salary or their wages? Don't own US stock. That's a simple strategy that you can act on. What about SP five hundred? No. Really? Yeah. And if you have a big position in US technology stuff, my personal advice would be to sell it all. But I'm an investor in SpaceX. Good luck. SpaceX is such a fabulous BS story. And we can go into that. Crypto? No. Why? It's a unnecessary piece of nonsense that facilitates nothing except criminals moving money. But they can't be seen. Do you think Bitcoin's gonna go to zero? Yes, it will certainly go to zero. So how many years have you spent investing? Sixty years. And what's the most amount of money you've ever managed of other people's money? And one of the things you're famous for talking about is this idea of bubbles. Yes. And bubbles always occur around the very most important ideas. So the railroads, everyone could see that it would change the world. The same with the internet. And everyone wanted to put their money in. And so they overinvested.

But this is the problem. Eventually. Paper. And if you look at the great bubbles breaking of the past, you find that it's followed by really tough times. A miserable period for the economy. And the bigger the bubble, the bigger the buff. And now we're in the biggest investment bubble that arguably has ever occurred. AI.

Are we on the verge of a collapse with AI over the coming years? The next few days, the next few weeks, the next few months, but certainly the next few years. So if you're not someone that has a huge amount of savings, what kind of strategy should they be adopting when an economy starts to get bad and there's an economic bubble collapse? So I will go through everything, but you will not receive this advice from investment advisors because they'll lose a lot of business. Would you be thinking about the country you live in at this moment in time? Absolutely. Is there any countries you wouldn't live in? I think I have to refuse to answer this on the grounds that it might tend to incriminate me. Oh okay. So you're saying don't live in the United States? I've just moved here. Why not the United States? Guys, I've got a favor to ask before this episode begins. The algorithm, if you follow a show, will deliver you the best episodes from that show very prominently in your feed. So when we have our best episodes on this show

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