{"id":110206,"date":"2026-07-07T00:18:51","date_gmt":"2026-07-06T22:18:51","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=110206"},"modified":"2026-07-06T11:01:29","modified_gmt":"2026-07-06T09:01:29","slug":"muz-ktery-spravuje-12-bilionu-dolaru-prave-priznal-kam-vase-penize-skutecne-jdou","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/07\/07\/muz-ktery-spravuje-12-bilionu-dolaru-prave-priznal-kam-vase-penize-skutecne-jdou\/","title":{"rendered":"Mu\u017e, kter\u00fd spravuje 12 bilion\u016f dolar\u016f, pr\u00e1v\u011b p\u0159iznal, kam va\u0161e pen\u00edze skute\u010dn\u011b jdou"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<div class=\"elementor-element elementor-element-1fb4c2c elementor-widget elementor-widget-theme-post-content\" data-id=\"1fb4c2c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-content.default\">\n<div class=\"elementor-widget-container\" style=\"text-align: left;\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong><span dir=\"auto\">Tohle jsou jeho slova, ne moje:<\/span><\/strong><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Minul\u00fd t\u00fdden trh ud\u011blal n\u011bco, co u\u017e dlouho ne: zav\u00e1hal.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Index Nasdaq klesl b\u011bhem jedin\u00e9ho obchodn\u00edho dne o v\u00edce ne\u017e 2 % \u2013 byl to druh\u00fd den ztr\u00e1t v \u0159ad\u011b.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Akcie spole\u010dnosti Micron, jedn\u00e9 z nejvyhled\u00e1van\u011bj\u0161\u00edch spole\u010dnost\u00ed vyr\u00e1b\u011bj\u00edc\u00edch \u010dipy na sv\u011bt\u011b, se b\u011bhem jedin\u00e9ho dne propadly o 13 %.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Celkov\u00e1 tr\u017en\u00ed kapitalizace SpaceX klesla od sv\u00e9ho vrcholu o t\u00e9m\u011b\u0159 bilion dolar\u016f. Douf\u00e1me, \u017ee jste si tuto akcii nekoupili v dob\u011b jej\u00edho vrcholu.<\/span><\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!8vxr!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F34b0f498-30aa-406b-b92a-700ab44e5c8e_1954x1034.png\" alt=\"\" width=\"782\" height=\"414\" \/><\/figure>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Zat\u00edmco se tohle v\u0161echno d\u011bje, vnucuj\u00ed v\u00e1m p\u0159\u00edb\u011bh o \u201evolatilit\u011b\u201c. Do\u010dasn\u00e1 p\u0159ek\u00e1\u017eka. \u201eNakupujte p\u0159i poklesech.\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Ale hluboko uvnit\u0159 je n\u011bco, o \u010dem Jim Cramerovi tohoto sv\u011bta nemluv\u00ed nahlas.<\/span><\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!mDKq!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F01ed3823-a38f-4602-918c-ecf730a8f553_250x301.jpeg\" alt=\"\" width=\"316\" height=\"380\" \/><figcaption class=\"wp-element-caption\"><em><span dir=\"auto\">Jim Cramer. Obr\u00e1zek: Wikipedie.<\/span><\/em><\/figcaption><\/figure>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Dva nejv\u011bt\u0161\u00ed \u010d\u00ednsk\u00e9 hedgeov\u00e9 fondy pr\u00e1v\u011b popsaly boom um\u011bl\u00e9 inteligence jako obrovskou bublinu. Dokonce i mainstreamov\u00e1 m\u00e9dia tyto obavy vyjad\u0159uj\u00ed.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">OpenAI spot\u0159ebov\u00e1v\u00e1 pen\u00edze rychleji, ne\u017e dok\u00e1\u017ee z\u00edskat nov\u00e9 finan\u010dn\u00ed prost\u0159edky. Spole\u010dnost ned\u00e1vno nazna\u010dila, \u017ee by mohla odlo\u017eit svou IPO na rok 2027, proto\u017ee nen\u00ed jist\u00e9, zda o ni budou m\u00edt z\u00e1jem i b\u011b\u017en\u00ed investo\u0159i.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Tak\u017ee pokud jsou investo\u0159i s \u201echytr\u00fdmi pen\u011bzi\u201c nerv\u00f3zn\u00ed&#8230; a firmy generuj\u00ed ztr\u00e1ty&#8230; odkud se maj\u00ed vz\u00edt pen\u00edze na to, aby to cel\u00e9 fungovalo?<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Na tuto ot\u00e1zku u\u017e jeden mu\u017e odpov\u011bd\u011bl. A vy si mus\u00edte pozorn\u011b poslechnout, co \u0159ekl.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Jmenuje se Larry Fink. Vede BlackRock, nejv\u011bt\u0161\u00edho spr\u00e1vce aktiv na sv\u011bt\u011b. Kdy\u017e BlackRock mluv\u00ed o tom, odkud pen\u00edze poch\u00e1zej\u00ed, neh\u00e1d\u00e1. Popisuje pl\u00e1n.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Fink uvedl, \u017ee vybudov\u00e1n\u00ed americk\u00e9 infrastruktury um\u011bl\u00e9 inteligence bude v p\u0159\u00ed\u0161t\u00edch deseti letech st\u00e1t 10 bilion\u016f dolar\u016f.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Odkud se tohle v\u0161echno m\u00e1 vz\u00edt? To jsou jeho slova, ne moje: \u201eSpo\u0159ic\u00ed \u00fa\u010dty\u2026 penzijn\u00ed \u00fa\u010dty\u2026 poji\u0161\u0165ovny\u2026 a tak d\u00e1le a tak d\u00e1le.\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">\u201eSpo\u0159ic\u00ed \u00fa\u010dty.\u201c \u201eD\u016fchodov\u00e9 \u00fa\u010dty.\u201c Nemluv\u00ed o pen\u011bz\u00edch z Wall Street.\u00a0<\/span><strong><em><span dir=\"auto\">Tohle jsou va\u0161e pen\u00edze<\/span><\/em><\/strong><em><span dir=\"auto\">\u00a0.<\/span><\/em><span dir=\"auto\">\u00a0Va\u0161e \u00faspory na d\u016fchod. V\u00e1\u0161 401(k). D\u016fchod, na kter\u00fd jste t\u0159icet let pracovali.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Triliony pot\u0159ebn\u00e9 k financov\u00e1n\u00ed tohoto hazardu s um\u011blou inteligenc\u00ed poch\u00e1zej\u00ed z\u00a0<\/span><em><span dir=\"auto\">va\u0161ich<\/span><\/em><span dir=\"auto\">\u00a0\u00faspor. A nikdo v\u00e1m nep\u0159edlo\u017eil smlouvu. Nikdo se v\u00e1s nezeptal na svolen\u00ed.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Austr\u00e1lie je v t\u00e9to cest\u011b d\u00e1le ne\u017e my. Pokud investujete na akciov\u00e9m trhu, investujete do technologick\u00fdch akci\u00ed. Prost\u011b moc na v\u00fdb\u011br nen\u00ed.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">A\u0165 u\u017e to v\u0161echno funguje, nebo ne \u2013 obrovsk\u00e9 investi\u010dn\u00ed firmy jako BlackRock st\u00e1le vyb\u00edraj\u00ed sv\u00e9 poplatky.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">A pokud se tohle v\u0161echno zhrout\u00ed, nezmiz\u00ed jejich pen\u00edze.\u00a0<\/span><strong><em><span dir=\"auto\">Budou to va\u0161e.<\/span><\/em><\/strong><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Abychom do toho v\u0161eho vnesli v\u00edce sv\u011btla, v\u00edt\u00e1me nyn\u00ed Billa Armoura ze skupiny Genesis Gold Group.<\/span><\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=2072463534798283111&amp;lang=cs&amp;maxWidth=560px&amp;origin=https%3A%2F%2Funcutnews.ch%2Fder-mann-der-12-billionen-dollar-verwaltet-hat-gerade-zugegeben-wohin-ihr-geld-wirklich-fliesst-daily-pulse%2F&amp;sessionId=b86c83cfe2ff3ac18e3533adcec095ee4587d9f0&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"2072463534798283111\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Gener\u00e1ln\u00ed \u0159editel spole\u010dnosti BlackRock v\u00e1m pr\u00e1v\u011b prozradil, odkud pen\u00edze na um\u011blou inteligenci poch\u00e1zej\u00ed: z va\u0161ich \u00faspor na d\u016fchod.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pr\u00e1v\u011b to d\u011bl\u00e1 Larryho Finkovo \u200b\u200bprohl\u00e1\u0161en\u00ed tak nebezpe\u010dn\u00fdm. Nemluvil v h\u00e1dank\u00e1ch \u2013 naz\u00fdval to p\u0159esn\u011b tak, jak to bylo: spo\u0159ic\u00ed \u00fa\u010dty, penzijn\u00ed \u00fa\u010dty, pojistn\u00e9 smlouvy. Billova interpretace: Ob\u010das si \u201eti, kte\u0159\u00ed maj\u00ed syst\u00e9m na starosti, t\u00e9m\u011b\u0159 sundaj\u00ed masky\u201c a \u201ep\u0159esn\u011b to se tady stalo\u201c. Maria \u0159ekla to, co si u\u017e mysl\u00edte: \u201ePo\u010dkejte chvilku\u2026 mysl\u00edte moje pen\u00edze?\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Ano. Va\u0161e pen\u00edze. A tady je ta \u010d\u00e1st, kterou v\u00e1m nikdo ne\u0159ekne: U\u017e jste sou\u010d\u00e1st\u00ed s\u00e1zky na um\u011blou inteligenci. Nikdy jste nekoupil Nvidii. Nikdy jste nevym\u011bnil Micron. Nikdy jste neuskute\u010dnil jedin\u00fd obchod. Ud\u011blal to za v\u00e1s spr\u00e1vce va\u0161eho pl\u00e1nu 401(k).<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">A takto to funguje: Pravidla byla kr\u00e1tce p\u0159ed t\u00edm v\u0161\u00edm ti\u0161e uvoln\u011bna, co\u017e otev\u0159elo dve\u0159e tomu, aby va\u0161e \u00faspory na d\u016fchod tekly do spole\u010dnost\u00ed, kter\u00e9 ztr\u00e1cej\u00ed miliardy. OpenAI a Anthropic funguj\u00ed se ztr\u00e1tou a financuj\u00ed se z vyp\u016fj\u010den\u00fdch pen\u011bz; jak to Maria vyj\u00e1d\u0159ila: \u201eCel\u00e9 odv\u011btv\u00ed je postaveno na dluhu.\u201c Va\u0161e \u00faspory jsou palivem.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Mysl\u00edte si, \u017ee jste z toho vyv\u00e1zli, proto\u017ee nevlastn\u00edte \u017e\u00e1dn\u00e9 technologick\u00e9 akcie? Billov\u00fdmi slovy: \u201eMo\u017en\u00e1 jste si ten obchod s um\u011blou inteligenc\u00ed p\u0159\u00edmo nevybrali, ale v\u00e1\u0161 spr\u00e1vce penzijn\u00edho fondu atd. ano.\u201c Ten \u201ebezpe\u010dn\u00fd\u201c indexov\u00fd fond, ten c\u00edlov\u00fd futures fond, kter\u00fd nikdy neotev\u0159ete \u2013 jsou pln\u00e9 stejn\u00fdch p\u011bti gigant\u016f: Microsoft, Nvidia, Alphabet, Amazon a Meta. Pokud je na \u0161t\u00edtku uvedeno \u201ediverzifikovan\u00fd\u201c, Billova ot\u00e1zka je kl\u00ed\u010dov\u00e1: \u201eDiverzifikovan\u00fd v \u010dem?\u201c Deset cenn\u00fdch pap\u00edr\u016f, kter\u00e9 spole\u010dn\u011b rostou a klesaj\u00ed, nen\u00ed deset s\u00e1zek. Je to jedna jedin\u00e1 s\u00e1zka \u2013 desetkr\u00e1t v\u00edce.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">S d\u016fchody je to je\u0161t\u011b hor\u0161\u00ed, proto\u017ee si lid\u00e9 mysl\u00ed, \u017ee jsou nedotknuteln\u00ed. Ale oni jimi opravdu jsou. V\u0161ichni se hon\u00ed za stejn\u00fdmi v\u00fdnosy, tak\u017ee riziko je \u201eti\u0161e zako\u0159en\u011bno&#8230; ve v\u011bcech, kter\u00e9 si ka\u017ed\u00fd jednotliv\u00fd spot\u0159ebitel kupuje\u201c.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Maria s odvol\u00e1n\u00edm na Eda Dowda poznamenala, \u017ee \u201e45 % indexu S&amp;P 500 tvo\u0159\u00ed odv\u011btv\u00ed um\u011bl\u00e9 inteligence nebo s um\u011blou inteligenc\u00ed souvisej\u00edc\u00ed sektory\u201c \u2013 t\u00e9m\u011b\u0159 polovina indexu, kter\u00e1 je pova\u017eov\u00e1na za bezpe\u010dnou. A a\u017e se situace obr\u00e1t\u00ed, Bill varuje, \u017ee \u201eoby\u010dejn\u00ed lid\u00e9 se stanou likviditou pro nejv\u011bt\u0161\u00ed spekulativn\u00ed s\u00e1zku v historii\u201c. Vy jste ten, kdo dr\u017e\u00ed pytel, kdy\u017e \u201echytr\u00e9 pen\u00edze\u201c ute\u010dou.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Co se tedy vlastn\u011b stane s va\u0161\u00edm \u00fa\u010dtem, kdy\u017e bublina praskne?<\/span><\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-1\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-1&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=2072463882501730319&amp;lang=cs&amp;maxWidth=560px&amp;origin=https%3A%2F%2Funcutnews.ch%2Fder-mann-der-12-billionen-dollar-verwaltet-hat-gerade-zugegeben-wohin-ihr-geld-wirklich-fliesst-daily-pulse%2F&amp;sessionId=b86c83cfe2ff3ac18e3533adcec095ee4587d9f0&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"2072463882501730319\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pokud z ekonomiky odstran\u00edte um\u011blou inteligenci, recese je u\u017e tady.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Bill\u016fv v\u00fdpo\u010det: \u201eP\u0159ibli\u017en\u011b 97 procent ve\u0161ker\u00e9ho r\u016fstu HDP v t\u00e9to zemi poch\u00e1z\u00ed z investic do um\u011bl\u00e9 inteligence\u201c \u2013 spole\u010dnost\u00ed, kter\u00e9 pumpuj\u00ed pen\u00edze do sv\u00fdch vlastn\u00edch odd\u011blen\u00ed um\u011bl\u00e9 inteligence. Pokud to odstran\u00edte, r\u016fst stagnuje. Jeho z\u00e1v\u011br: \u201eBez t\u011bchto v\u00fddaj\u016f na um\u011blou inteligenci bychom se v sou\u010dasn\u00e9 dob\u011b nach\u00e1zeli v tot\u00e1ln\u00ed recesi.\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Cel\u00e1 ekonomika spo\u010d\u00edv\u00e1 na jedin\u00e9m p\u0159edpokladu: \u017ee v\u00fddaje se p\u0159em\u011bn\u00ed na zisk. Pokud tomu tak nen\u00ed, firmy p\u0159estanou utr\u00e1cet, HDP stagnuje a ceny akci\u00ed prudce klesaj\u00ed. Recese pak nast\u00e1v\u00e1 pouze se zpo\u017ed\u011bn\u00edm.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Zde jsou ob\u011bti \u2013 a nejsou to ti, kdo celou v\u011bc vybudovali. V roce 2008 se Wall Street ochr\u00e1nila a Washington se postaral o to, aby dostaly sv\u00e9 zlat\u00e9 pad\u00e1ky. N\u00e1vrh z\u00e1kona byl schv\u00e1len. Nyn\u00ed plat\u00ed stejn\u00fd sc\u00e9n\u00e1\u0159: \u201ePr\u016fm\u011brn\u00fd, oby\u010dejn\u00fd Ameri\u010dan je ten, kdo nese hlavn\u00ed t\u00edhu,\u201c vykrv\u00e1cen\u00fd \u00fa\u010dty, kter\u00e9 si ti\u0161e zalo\u017eili, zat\u00edmco hedgeov\u00e9 fondy vyd\u011bl\u00e1vaj\u00ed pen\u00edze a jdou d\u00e1l.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pak p\u0159ich\u00e1z\u00ed druh\u00e1 r\u00e1na. Fed zas\u00e1hne, aby zastavil krv\u00e1cen\u00ed \u2013 tiskne pen\u00edze podle sc\u00e9n\u00e1\u0159e z roku 2008 \u2013 a dolary ve va\u0161\u00ed pen\u011b\u017eence kupuj\u00ed st\u00e1le m\u00e9n\u011b. Z\u016fstatek na va\u0161em bankovn\u00edm \u00fa\u010dtu se zmen\u0161uje a z\u00e1rove\u0148 kles\u00e1 i va\u0161e v\u00fdplata. Bill to naz\u00fdv\u00e1 \u201edvoustrann\u00fdm p\u0159\u00edstupem k \u00fatoku na va\u0161e \u00faspory\u201c.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Ka\u017ed\u00fd, kdo to jednodu\u0161e odm\u00edt\u00e1, je podle n\u011bj \u201enaivn\u00ed, ne-li je\u0161t\u011b naivn\u011bj\u0161\u00ed\u201c.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Ale takov\u00e1 p\u0159\u00edzniv\u00e1 krize nikdy nep\u0159ijde bez ji\u017e dostupn\u00e9ho \u0159e\u0161en\u00ed.<\/span><\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-2\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-2&amp;features=eyJ0ZndfdGltZWxpbmVfbGlzdCI6eyJidWNrZXQiOltdLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2ZvbGxvd2VyX2NvdW50X3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9iYWNrZW5kIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19yZWZzcmNfc2Vzc2lvbiI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfZm9zbnJfc29mdF9pbnRlcnZlbnRpb25zX2VuYWJsZWQiOnsiYnVja2V0Ijoib24iLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X21peGVkX21lZGlhXzE1ODk3Ijp7ImJ1Y2tldCI6InRyZWF0bWVudCIsInZlcnNpb24iOm51bGx9LCJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3Nob3dfYmlyZHdhdGNoX3Bpdm90c19lbmFibGVkIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19kdXBsaWNhdGVfc2NyaWJlc190b19zZXR0aW5ncyI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdXNlX3Byb2ZpbGVfaW1hZ2Vfc2hhcGVfZW5hYmxlZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdmlkZW9faGxzX2R5bmFtaWNfbWFuaWZlc3RzXzE1MDgyIjp7ImJ1Y2tldCI6InRydWVfYml0cmF0ZSIsInZlcnNpb24iOm51bGx9LCJ0ZndfbGVnYWN5X3RpbWVsaW5lX3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9mcm9udGVuZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=2072464690752410073&amp;lang=cs&amp;maxWidth=560px&amp;origin=https%3A%2F%2Funcutnews.ch%2Fder-mann-der-12-billionen-dollar-verwaltet-hat-gerade-zugegeben-wohin-ihr-geld-wirklich-fliesst-daily-pulse%2F&amp;sessionId=b86c83cfe2ff3ac18e3533adcec095ee4587d9f0&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"2072464690752410073\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pokud dojde ke kolapsu, Bill tvrd\u00ed, \u017ee \u201e\u0159e\u0161en\u00ed\u201c u\u017e existuje \u2013 a bude v\u00e1s to st\u00e1t kontrolu nad va\u0161imi vlastn\u00edmi pen\u011bzi.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Zaprv\u00e9, finan\u010dn\u00ed pomoc. Vl\u00e1dn\u00ed finan\u010dn\u00ed pomoc gigant\u016fm um\u011bl\u00e9 inteligence naz\u00fdv\u00e1 \u201ejistotou\u201c \u2013 opakov\u00e1n\u00edm bankovn\u00ed pomoci z roku 2008 pro spole\u010dnosti, kter\u00e9 jsou nyn\u00ed pova\u017eov\u00e1ny za sou\u010d\u00e1st n\u00e1rodn\u00ed bezpe\u010dnosti. \u010c\u00edna nesm\u00ed vyhr\u00e1t, tak\u017ee je nem\u016f\u017eeme nechat selhat. A to jsou tyt\u00e9\u017e spole\u010dnosti, jak zd\u016fraz\u0148uje, kter\u00e9 financuj\u00ed \u201eprakticky ka\u017edou velkou politickou kampa\u0148\u201c. Kdo to plat\u00ed? Vy. Washington kryje ztr\u00e1ty tiskem dal\u0161\u00edch pen\u011bz \u2013 a Bill to shrnuje dokonale: \u201eV podstat\u011b ned\u011blaj\u00ed nic v\u00edc, ne\u017e \u017ee okr\u00e1daj\u00ed americkou ve\u0159ejnost.\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pak p\u0159ich\u00e1z\u00ed na \u0159adu prodejn\u00ed argumentace. Demoralizovan\u00e1 ve\u0159ejnost, varuje, se snadno nech\u00e1 p\u0159esv\u011bd\u010dit syst\u00e9mem, kter\u00fd slibuje \u201etrochu v\u00edce kontroly\u201c. Vzorec, kter\u00fd nasti\u0148uje: \u201eUd\u00e1lost, v tomto p\u0159\u00edpad\u011b krach, vytv\u00e1\u0159\u00ed strach, strach vytv\u00e1\u0159\u00ed z\u00e1vislost a pot\u00e9 z\u00e1vislost vytv\u00e1\u0159\u00ed p\u0159ijet\u00ed.\u201c Nab\u00edzen\u00fdm produktem je digit\u00e1ln\u00ed m\u011bna centr\u00e1ln\u00ed banky, zaveden\u00e1 \u201epod rou\u0161kou bezpe\u010dnosti nebo efektivity\u201c. P\u0159\u00edmo odkazuje na sc\u00e9n\u00e1\u0159 COVID: \u201eNed\u011blejte si vlastn\u00ed v\u00fdzkum, prost\u011b n\u00e1m d\u016fv\u011b\u0159ujte.\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Maria \u0159\u00edk\u00e1, \u017ee p\u0159\u00edpravy ji\u017e prob\u00edhaj\u00ed. Po\u010d\u00edt\u00e1 \u201ev sou\u010dasn\u00e9 dob\u011b 80 z\u00e1kon\u016f ve v\u0161ech st\u00e1tech, v\u0161echny se t\u00fdkaj\u00ed digit\u00e1ln\u00edch identit\u201c, plus z\u00e1kony o ov\u011b\u0159ov\u00e1n\u00ed v\u011bku, kter\u00e9 pova\u017euje za v\u00fdchoz\u00ed bod. Bill dod\u00e1v\u00e1, \u017ee to v\u0161e umo\u017e\u0148uje um\u011bl\u00e1 inteligence, kter\u00e1 dok\u00e1\u017ee sledovat v\u0161echny sou\u010dasn\u011b a \u201eskenovat v\u0161e, co d\u011bl\u00e1te, v ka\u017ed\u00e9m ohledu, form\u011b a aspektu\u201c.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Kdy\u017e to v\u0161echno se\u010dtete, m\u00e1te pen\u00edze, kter\u00e9 lze naprogramovat \u2013 pen\u00edze, kter\u00e9, jak to Maria vyjad\u0159uje, lze \u201esledovat, zmrazit nebo vypnout\u201c. P\u0159edstavte si, \u017ee v\u00e1m kartu odm\u00edtnou u pokladny ne proto, \u017ee byste byli na mizin\u011b, ale proto, \u017ee n\u011bkdo p\u0159epnul p\u0159ep\u00edna\u010d. A\u0165 u\u017e se to stane, nebo ne, jej\u00ed varov\u00e1n\u00ed lze shrnout do jedn\u00e9 v\u011bty: Krach nen\u00ed konec p\u0159\u00edb\u011bhu. Je to v\u00fdmluva.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">To je ta past. Jedin\u00e9, co zb\u00fdv\u00e1 ve va\u0161ich rukou, je, jak se j\u00ed vyhnout.<\/span><\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-3\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-3&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=2072465113487933461&amp;lang=cs&amp;maxWidth=560px&amp;origin=https%3A%2F%2Funcutnews.ch%2Fder-mann-der-12-billionen-dollar-verwaltet-hat-gerade-zugegeben-wohin-ihr-geld-wirklich-fliesst-daily-pulse%2F&amp;sessionId=b86c83cfe2ff3ac18e3533adcec095ee4587d9f0&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"2072465113487933461\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">A tady je kl\u00ed\u010dov\u00fd bod: Toto riziko podstupovat nemus\u00edte.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Podle Billa je pouh\u00e9 setrv\u00e1n\u00ed na trhu v sou\u010dasn\u00e9 podob\u011b \u201epasivn\u00edm rozhodnut\u00edm, pokud z\u016fstanete tam, kde jste \u2013 ale ne rozhodnut\u00edm, kter\u00e9 mus\u00edte d\u011blat neust\u00e1le.\u201c M\u016f\u017eete odej\u00edt, jakmile se tak rozhodnete.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Jeho alternativa je nejstar\u0161\u00ed, jak\u00e1 existuje. Zlato a st\u0159\u00edbro se py\u0161n\u00ed histori\u00ed hodnoty sahaj\u00edc\u00ed tis\u00edcilet\u00ed; um\u011bl\u00e1 inteligence, poznamen\u00e1v\u00e1, je \u201e\u010dist\u011b spekulativn\u00ed\u201c \u2013 star\u00e1 jen n\u011bkolik let a nikdo nev\u00ed, co nakonec vyprodukuje. Zlato si na druhou stranu \u201ezachovalo svou hodnotu i p\u0159es ka\u017edou zm\u011bnu m\u011bny\u201c. U st\u0159\u00edbra je tu je\u0161t\u011b jeden aspekt: \u200b\u200bje to kov pot\u0159ebn\u00fd k vybudov\u00e1n\u00ed um\u011bl\u00e9 inteligence, po kter\u00e9 v\u0161ichni tou\u017e\u00ed. Pokud um\u011bl\u00e1 inteligence vzkv\u00e9t\u00e1, cena st\u0159\u00edbra stoup\u00e1, proto\u017ee datov\u00e1 centra ho spot\u0159ebov\u00e1vaj\u00ed ve velk\u00e9m mno\u017estv\u00ed. Pokud um\u011bl\u00e1 inteligence zhrout\u00ed, zlato ud\u011bl\u00e1 to, co zlato v\u017edycky. Panna nebo orel \u2013 m\u00e1te co do \u010din\u011bn\u00ed.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pak Maria dod\u00e1v\u00e1 \u010d\u00e1st, kterou lid\u00e9 \u010dasto p\u0159esko\u010d\u00ed: Nejde jen o pen\u00edze. Nechte sv\u00e9 \u00faspory na d\u016fchod tam, kde jsou, a \u201efinancujete st\u00e1t, kter\u00fd je monitoruje, ze sv\u00fdch \u00faspor na d\u016fchod\u201c \u2013 plat\u00edte ze sv\u00e9ho vlastn\u00edho platu za budov\u00e1n\u00ed s\u00edt\u011b, kter\u00e1 by v\u00e1s sledovala. Pro mnoho lid\u00ed to zas\u00e1hne siln\u011bji ne\u017e jak\u00fdkoli graf.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Jedinou p\u0159ek\u00e1\u017ekou je obvykle jedna osoba: v\u00e1\u0161 makl\u00e9\u0159. V\u011bt\u0161ina z nich nenab\u00edz\u00ed fyzick\u00e9 drah\u00e9 kovy \u2013 dr\u017e\u00ed v\u00e1s v pap\u00edrov\u00fdch aktivech, kter\u00e1 ovl\u00e1daj\u00ed, a budou se t\u00e9to my\u0161lence br\u00e1nit. Lid\u00e9 Billovi \u0159\u00edkaj\u00ed, \u017ee se o tom boj\u00ed v\u016fbec mluvit, proto\u017ee by se jejich poradce roz\u010d\u00edlil. Jeho odpov\u011b\u010f: \u201eNejsou to jejich pen\u00edze. Jsou to va\u0161e pen\u00edze.\u201c A: \u201eMysl\u00edm, \u017ee lid\u00e9 by m\u011bli p\u0159evz\u00edt kontrolu nad sv\u00fdmi financemi a jednat nez\u00e1visle.\u201c<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">P\u0159esn\u011b v takov\u00e9 situaci se pr\u00e1v\u011b te\u010f nach\u00e1z\u00ed mnoho lid\u00ed \u2013 u\u017e maj\u00ed hazardn\u00edch her dost, ale nejsou si jisti, jak\u00fd by m\u011bl b\u00fdt prvn\u00ed krok. Prvn\u00ed krok je snaz\u0161\u00ed, ne\u017e byste \u010dekali.<\/span><\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-4\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-4&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=2072465543173484768&amp;lang=cs&amp;maxWidth=560px&amp;origin=https%3A%2F%2Funcutnews.ch%2Fder-mann-der-12-billionen-dollar-verwaltet-hat-gerade-zugegeben-wohin-ihr-geld-wirklich-fliesst-daily-pulse%2F&amp;sessionId=b86c83cfe2ff3ac18e3533adcec095ee4587d9f0&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"2072465543173484768\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">R\u00e1di bychom pod\u011bkovali Billu Armourovi za to, \u017ee byl dnes na\u0161\u00edm hostem \u2013 a co je nejd\u016fle\u017eit\u011bj\u0161\u00ed, r\u00e1di bychom v\u00e1m pod\u011bkovali za to, \u017ee jste sledovali a splnili svou povinnost informovat se, zat\u00edmco tolik jin\u00fdch se rozhodlo tak neu\u010dinit.<\/span><\/p>\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong><span dir=\"auto\">Pod\u00edvejte se na cel\u00fd rozhovor:<\/span><\/strong><\/h3>\n<div class=\"substack-post-embed\"><iframe id=\"substack-frame-205\" src=\"https:\/\/www.vigilantfox.com\/embed\/p\/the-man-managing-12-trillion-just?origin=https%3A%2F%2Funcutnews.ch&amp;fullURL=https%3A%2F%2Funcutnews.ch%2Fder-mann-der-12-billionen-dollar-verwaltet-hat-gerade-zugegeben-wohin-ihr-geld-wirklich-fliesst-daily-pulse%2F\" height=\"630\" scrolling=\"no\" sandbox=\"allow-scripts allow-same-origin allow-top-navigation allow-popups\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-8c57238 quelle dc-has-condition dc-condition-empty elementor-widget elementor-widget-heading\" data-id=\"8c57238\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<h3 class=\"elementor-heading-title elementor-size-default\"><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.vigilantfox.com\/p\/the-man-managing-12-trillion-just\" target=\"_blank\" rel=\"nofollow noopener\"><span dir=\"auto\">Zdroj<\/span><\/a><\/span><\/h3>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tohle jsou jeho slova, ne moje: Minul\u00fd t\u00fdden trh ud\u011blal n\u011bco, co u\u017e dlouho ne:&#8230;<\/p>\n","protected":false},"author":2,"featured_media":110207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[59,45,1052,1472],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/110206"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=110206"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/110206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/110207"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=110206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=110206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=110206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}