The speaker predicts that if interest rates reach at least tens of percent, non-AI stocks will be worth nearly zero because their discounted cash flows will be worth nearly nothing.

“um and like i don't know part of my brain is like it might be hundreds of percent but like okay let's say it's at least tens of percent i'm just like okay every country that is not involved in the production of ai defaults um every stock that is not an ai stock is like worth basically zero because discounted cash flows are worth nothing if the federal government can't figure out a way to tax ai you know the the servicing the debt is more than the current uh tax revenue”