Global authorities will continue to print money, leading to a decline in the real value of fiat currencies relative to assets like gold, oil, and Bitcoin.
"the authorities around the world say okay that's politically unpalatable so we're just going to print the money and make sure that on a nominal basis if you um lent a dollar a euro yuan a yen you're going to get back that same unit okay but the the real value of that unit whether you look at it versus gold versus oil versus um Bitcoin that is going to decline."