Listen to Impact Theory on Amazon Music: https://music.amazon.com/podcasts/9e0db1b9-b46c-4e50-a9c5-add34b0ffe00/impact-theory-with-tom-bilyeu?ref=dm_sh_nzgPULGEOD2WFqOCd38MsElYP
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Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers, and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets.
Get ready for another mind blowing conversation around America's collapse and the potential financial crisis that's going to make the next 20 years intense. We go deep on this conversation discussing:
The impact of the debt cycle and hyperinflation
Potential breakthroughs in the tech sector
The unstoppable nature of technology marked by AI models
If you're trying to figure out how to navigate this all, its safe to say that preparing for future risks and safeguarding your loved ones is the absolute bare minimum to survive the uncertainty on the rise.
QUOTES:
'That was the death of the American dream that happened. The American dream was you participate in the US economy, you get richer, the reality is it didn't happen.'
'By every indicator I've got, we're in a recession already and it will become more abundantly clear.'
'There is an understanding that the world is too much in debt and there's no way of dealing with this without us all going back into caveman times. So this is the answer.'
'The thing that's actually driving the S&P 500 is the Fed balance sheet. It's not companies.'
'Once you digitize things the cost goes to zero'
'In my lifetime there's a 20 or 30 year period which might be a truly extraordinary moment, […] the issue is, we can't see through the other side of it, and that's terrifying.'
Follow Raoul Pal:
Website: https://www.realvision.com/
Twitter: https://twitter.com/RaoulGMI
LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/
YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A
WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
@L.A.library Says:
hey guys just so you know. We are the ying and yang.. balance the darkness with Joy or meet it, so suffering doesn't prevail over power or the manifest our interaction in real psyche.
@joshualizard9658 Says:
NO RAOUL. HITLER GREW THE GERMAN ECONOMY BY ISSUING CURRENCY WITHOUT PAYING INTEREST TO THE CENTRAL BANKERS. The real war was Hitler versus the bank. It was like what would have happened after 2008 we had told the FED to get stuffed and started printing currency without paying them interest. Of course we would have very quickly found ourselves at war with the rest of the world but it might have been worth it
@Paul-b1970 Says:
Invest in Gold the only true currency
@siyabongasibanyoni6830 Says:
fiat ladies and gentlemen
@realscotthogue Says:
This is a good overview for those that don't know the broad facts. He almost has this down. Raoul needs to think it through a little more and be questioned about it so he learns to explain it better. I don't see how productivity went down since the 70's with computers, automation, technology and now AI.
@carolynreid2108 Says:
Mate all the workers have lived this for twenty years!!!
I’m out!!😊
@carolynreid2108 Says:
Bitcoin is the way to go!! Problem now is government are trying to regulate. Really difficult to cash out of Bitcoin without getting crushed with 5-10% fees for getting it converted. Really slow allowing a free flowing get to take out. Then there is tax!!!!
@carolynreid2108 Says:
History is not your forte!!!!
@carolynreid2108 Says:
Your kidding are you people board or something!!?????
Technology will not raise wages or productivity.
It’s the rich who are greedy and no viable political structures in place!!
Now your brining Germany into it. BS🇦🇺🇦🇺🇦🇺🇦🇺
@samhav524 Says:
Wrong Hitler stole money from the countries he invaded and the jews he had no choice.
@scottrussell2281 Says:
The cycle of financial crisis' resetting interest rates to zero so governments can continue to increase debt without ever paying anything on the principal loan amount explains a lot. Unfortunately for the little people like me, corporations and big businesses and oligarchs borrow when interest rates go to zero to buy back their own own stock, making it more valuable, or to buy assets that will go up in value. This insures their wealth continues to rise while ordinary peoples buying power and net work shrinks. In the simplest terms, this is the mechanism that allows those with the ability to borrow large sums of money to invest in assets to get richer while those of us who don't get poorer.
@aldrighi Says:
I love to live at Pompeii
@MichL_71 Says:
1:53:15 what is Tom asking?! "You think...?"
@AchillesSerries-n4c Says:
To get answers formulate the right questions.
@RobWinger-y8f Says:
You have to be fucking crazy if you agree with a CBDC!
The government will control you once this happens!! SAY HELL NO!!!
@katherineeason5465 Says:
Tom you are doing a great job! If it wasn't for your insight and determination we would still be in the dark! You do you and we love you for it!!!
@LesaNelson-v9z Says:
Agree totally about the opioid crisis! Workers with no hope! I am retired addiction counselor!
@joshualizard9658 Says:
NO. HITLER PRINTED GERMAN MARKS WITHOUT THE CENTRAL BANK. It would have been like if after the 2008 crisis we Americans told the banks to swallow their losses and declared war on the fed. lither was warring against the banks/ of course the German economy had a miraculous recovery and the rest of the world went to war against him
@financialfreedomforever Says:
Hard to go smooth through this vid if Tom is constantly interrupting with irrelevant stuff or when he doesnt understand or when hes going down the rabbit hole that has nothing to do with his own question. Just let the man speak.. Cant even skip parts cause hes interrupting so often.
@Rogerederer-b2r Says:
The US government debt is on an exponential free fall and the only way to pay that debt is to keep printing . Hyper inflation is coming , housing crash , a recession and a possible depression too. i think is time investors redirected their focus to the equities market cause despite the severe bear market, I am aware of certain investors that have earned over $365,000.
@backrack01 Says:
Wanna bet?
@bernl178 Says:
Reset the German currency right before Hitler but you don’t talk much about it how exactly did they reset the currency now I gotta go look for more information because you couldn’t provide it
@americandelusion Says:
Amazing conversation!!!! a much needed hit of fresh air
@donaldstraub2170 Says:
Guys - I fail to see how Crypto will ever be accepted as a medium of exchange - the price is to volatile so how will anything (property, food, retail, transportation, etc) be priced in it. In the end you will need to convert to back to some form of currency in able to use it. You are trying to convince yourself that it has real value, but you are deceiving yourselves. If you want to see the outcome of currency debasement, there are multiple example of Empires collapsing because of debasement…
@zaynemikita6897 Says:
Stop interrupting your guest dude!!
@Black-Circle Says:
literally no one:
Tom Biyeu: a mother in ukraine ate her 7 year old daughter
@user-xl7zh5ce8n Says:
Raul epic explanation.
@seanrodgers9675 Says:
The only people responsible for the 2 wars were the Banker's...Industrialised & criminal political 'elites' in America....Britain..France...Germany....Sweden.... Netherlands ...etc...via Wall street....City of London (not London city) & all major European Banker's....Rauol is factually & historically incorrect to portion the blame on any particular nation....start reading Wall Street & Bolshiviks....Wall Street & FDR....Wall Street & Hitler by Professor Antony C. Sutton & if your truly want to melt your head read Pawns in the Game first by William Guy Carr...
@AnthonyWasiukiewicz Says:
It was Trump. 😂. Ahh. History.
@terryjones9987 Says:
This would be so much easier to watch without the yank constantly interrupting.
@dhruvp4193 Says:
Anyone else felt annoyed with Tom's constant interruptions of Raoul? Just let the man speak!! Constantly breaking the flow does not lead to good conversation.
@hughlawson1051 Says:
Possibly the most irritating interview I've ever heard.
@hughlawson1051 Says:
Tom seems to think we want to listen to him.
@rozawadzki Says:
The dog is so tired of listening to this bullshit 😃
@LaoZi2023 Says:
I just watched the Charlie Rose interview! Wow! Goldsmith was intense! Good argument with Clinton's Chairman of Economics, Laura Tyson. Goldsmith's predictions came true. Tyson's predictions, were wrong, as I can tell. I mean her concepts were designed for the owners and upper managements, as well as Kleptocrats in China and other countries. The working class lost out.
@kelvin2839 Says:
It really feels like Tom is stuck in details that don’t matter and concerned about sounding smart. Wish he would stop cutting Raoul off.
@EnkhturDashdorj4 Says:
Thank you
@yourname06 Says:
The people having the most kids don’t need technology. Amish have to participate in the fiat currency system because they have property tax, if it weren’t for that they don’t need dollars
@yourname06 Says:
It wasn’t because boomers were competing haha the dollar was taken off the gold standard in 1971 which made inflation
@rippin724 Says:
Zero talk about where all the wealth ends up after the wars. Who owns the BIS and global central banking system of the west?
@bbbhhhaaa7008 Says:
To be fair, he did call out the cutting rates we're experiencing now.
@kaleidoughscope Says:
Currently what I'm noticing is not so much the worker that is alienated from good work/wages, but rather the worker does not find the right employer (and vice-versa on the other side, for employers searching for less experienced workers to pay less) due to AI/algorithmic obfuscation. Great interview; lots of a-ha! moments!
@martinwood3289 Says:
To answer the question that wasn’t answered- hitler simply reneged on the debts. By the time he came to the chancellor office the major powers had realised that the Versailles reparations were part of the problem so when he just said he wasn’t going to pay anymore they huffed a bit about re occupation of the Ruhr and stuff like that but sort of nodded it through. It can be argued that this was the first course of a banquet the grew with the eating.
@G055 Says:
Theme song for 51:15
Liquidity, and nothing else matters...
https://www.youtube.com/watch?v=tAGnKpE4NCI
@bdivin8298 Says:
Thank you for suggesting the goldsmith interview it was amazing.
@user-david1972 Says:
It's the peoples fault for they did not put a stop to unlimited amount debt to the government for we need to have someone who watches the government for they have had a free for all for no one is busting the government we put to much faith in the government
@arcturian.9999 Says:
Over complexity of simple systems is a sign of an evil force at work..
@arcturian.9999 Says:
Bitcoin is nothing more than a code a program a network that is open sourced and can be created over and over and over again so how on earth is it a limited supply of 21 million coins if I can rewrite the entire program virtually the same call it something else with another 21 million coins essentially doubling the supply and doubling the entire network It can be duplicated therefore there is no set supply.. not to mention that the entire system of Bitcoin the network is dependent on an internet connection that can literally be turned off or destroyed.
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