what<00:00:00.240> happens<00:00:00.440> if<00:00:00.560> you<00:00:00.640> have<00:00:00.799> cancer<00:00:01.400> and

what happens if you have cancer and

what happens if you have cancer and every<00:00:01.719> time<00:00:01.839> you<00:00:01.959> go<00:00:02.080> to<00:00:02.200> the<00:00:02.360> doctor<00:00:02.919> he<00:00:03.040> says

every time you go to the doctor he says

every time you go to the doctor he says well<00:00:03.639> just<00:00:03.800> drink<00:00:04.240> just<00:00:04.720> rest<00:00:04.960> and<00:00:05.120> drink

well just drink just rest and drink

well just drink just rest and drink water<00:00:05.640> you've<00:00:05.759> only<00:00:05.960> got<00:00:06.080> a<00:00:06.160> cold<00:00:06.799> you<00:00:06.919> know<00:00:07.399> in

water you've only got a cold you know in

water you've only got a cold you know in each<00:00:07.799> case<00:00:08.080> you<00:00:08.160> need<00:00:08.280> to<00:00:08.599> understand<00:00:08.719> what<00:00:08.840> is

each case you need to understand what is

each case you need to understand what is a<00:00:09.120> specific<00:00:09.440> type<00:00:09.639> of<00:00:09.760> disaster<00:00:10.200> you<00:00:10.280> know<00:00:10.599> in

a specific type of disaster you know in

a specific type of disaster you know in in<00:00:11.519> in<00:00:11.639> the<00:00:12.040> decade<00:00:12.360> after<00:00:12.799> 2008<00:00:13.559> I<00:00:13.679> was

in in the decade after 2008 I was

in in the decade after 2008 I was constantly<00:00:14.480> betting<00:00:14.719> on<00:00:14.799> low<00:00:15.000> interest<00:00:15.320> rates

constantly betting on low interest rates

constantly betting on low interest rates but<00:00:16.400> Co<00:00:17.199> was<00:00:17.359> a<00:00:17.439> situation<00:00:17.880> interjects<00:00:18.279> were

but Co was a situation interjects were

but Co was a situation interjects were likely<00:00:18.600> to<00:00:18.760> rise<00:00:19.000> so<00:00:19.119> in<00:00:19.240> that<00:00:19.359> case<00:00:19.520> I<00:00:19.640> bet<00:00:19.800> on

likely to rise so in that case I bet on

likely to rise so in that case I bet on a<00:00:19.960> massive<00:00:20.199> increase<00:00:20.480> in<00:00:20.560> the<00:00:20.640> gold<00:00:20.960> price<00:00:21.800> the

a massive increase in the gold price the

a massive increase in the gold price the way<00:00:22.160> that<00:00:22.279> it<00:00:22.400> manifests<00:00:22.920> can<00:00:23.039> be<00:00:23.160> different

way that it manifests can be different

way that it manifests can be different in<00:00:23.480> each<00:00:23.680> occasion<00:00:24.320> but<00:00:25.119> the<00:00:25.320> crisis<00:00:25.760> itself

in each occasion but the crisis itself

in each occasion but the crisis itself in<00:00:26.240> my<00:00:26.400> opinion<00:00:26.640> is<00:00:26.720> being<00:00:26.880> driven<00:00:27.119> by

in my opinion is being driven by

in my opinion is being driven by inequality<00:00:28.279> the<00:00:28.400> trick<00:00:28.679> about<00:00:29.000> trading<00:00:29.439> is

inequality the trick about trading is

inequality the trick about trading is not<00:00:29.720> about

not about

not about being<00:00:31.160> right<00:00:31.439> it's<00:00:31.599> about<00:00:31.840> being<00:00:32.079> right<00:00:32.239> when

being right it's about being right when

being right it's about being right when other<00:00:32.719> people<00:00:32.920> are<00:00:33.320> wrong<00:00:34.320> and<00:00:34.440> I<00:00:34.559> think<00:00:35.040> this

other people are wrong and I think this

other people are wrong and I think this this<00:00:36.280> massive<00:00:36.600> growth<00:00:36.879> in<00:00:37.360> inequality<00:00:38.360> you

this massive growth in inequality you

this massive growth in inequality you know<00:00:39.360> historians<00:00:39.840> will<00:00:40.000> look<00:00:40.160> back<00:00:40.280> at<00:00:40.399> our

know historians will look back at our

know historians will look back at our time<00:00:40.840> and<00:00:40.960> say<00:00:41.200> this<00:00:41.320> was<00:00:41.440> a<00:00:41.600> period<00:00:41.879> where<00:00:42.039> the

time and say this was a period where the

time and say this was a period where the economy<00:00:42.480> was<00:00:42.640> being<00:00:42.800> driven<00:00:43.120> by<00:00:43.280> Massive

economy was being driven by Massive

economy was being driven by Massive growth<00:00:43.800> inequality<00:00:44.480> but<00:00:44.680> economists<00:00:45.200> in<00:00:45.320> the

growth inequality but economists in the

growth inequality but economists in the present<00:00:46.239> have<00:00:46.399> not<00:00:46.559> yet<00:00:46.680> understood<00:00:47.160> that

present have not yet understood that

present have not yet understood that which<00:00:48.079> means<00:00:48.440> that<00:00:48.559> you<00:00:48.719> have<00:00:48.879> these<00:00:49.120> massive

which means that you have these massive

which means that you have these massive tectonic<00:00:49.879> plate<00:00:50.120> shifts<00:00:50.800> driving<00:00:51.399> everything

tectonic plate shifts driving everything

tectonic plate shifts driving everything generally<00:00:52.760> not<00:00:52.879> being<00:00:53.079> understood<00:00:53.960> by

generally not being understood by

generally not being understood by Traders<00:00:54.840> and<00:00:55.039> markets