The Collapse Of Crypto & FTX! | Raoul Pal (Replay)

Aug 10, 2024

In this engaging discussion, Raoul Pal, a macro investor and co-founder of Real Vision, dives into the collapse of crypto and FTX, shedding light on the psychological factors driving investor behavior. He explains how FTX's fraudulent practices reveal deeper dynamics within the cryptocurrency realm. Raoul also touches on inflation, the impact of demographics on economies, and the need for regulation in crypto. Ultimately, he emphasizes that understanding the game of money hinges on recognizing the psychological landscape of finance.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

GDP Growth and Demographics

Raoul Pal explains that GDP growth depends on population growth and productivity.
Aging, shrinking populations like Japan's face challenges in stimulating GDP growth due to lower productivity.

INSIGHT

Technology as a Demographic Solution

Raoul Pal suggests technology, particularly robotics and AI, as a solution for declining populations.
He envisions a future where technology drives productivity and offsets the impact of demographic shifts.

INSIGHT

Inevitability of Technological Advancements

Raoul Pal believes technological advancements, especially in AI and robotics, are inevitable.
He argues that even if one country bans them, others will adopt them, creating a competitive disadvantage.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

On Today's Episode: What in the crypto is actually going on? In the middle of the financial crisis we’re experiencing, people are acting out of desperation, and emotions are possibly leading the charge. Raoul Pal is back to help us understand what is the current state of crypto, why FTX has been using customer money and more importantly, why is this not as unusual as you may think. Raoul’s insights as a macro investor, former hedge fund manager that retired at 36, and co-founder of Real Vision, a financial media company, takes us to a high level view to string together how world history and demographics have brought us to this point.

The key takeaway here for you is that, “the game of money is a game of psychology.” Tom Bilyeu Once you understand that this is a game, we need to know the players, the rules. The ultimate indicator of how you play this game, as Raoul explains it, is the future version of yourself and what that version wants. It indicates your debts, your risk tolerance, and what your next financial move will be following this interview.

Whatever you do, do so from a place of minimizing your emotional response and play the game well.

SHOW NOTES:

0:00 | What In The Crypto Is Going On?

14:02 | The Emotional Cycle of Money

23:46 | Inflation Vs. Debasing Currency

36:37 | Why Velocity of Money Is Slow

46:54 | Do We Need Central Banks?

56:34 | Future Economies with Tech

1:16:42 | Can Debt Stimulus Solve This?

Follow Raoul Paul:

Website: https://www.realvision.com/

Twitter: https://twitter.com/RaoulGMI

Instagram: https://www.instagram.com/raoulgmi/

YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A

SPONSORS:

Shopify: Go to https://impacttheory.co/shopifyAugust24pod right now and sign up for a $1 per month trial.

Butcherbox: Go to https://impacttheory.co/butcherboxpodAugust24 and use code IMPACT at checkout and enjoy your choice of bone-in chicken thighs, top sirloins, or salmon in every box for an entire year, plus get $30 off

Eightsleep: Head to https://impacttheory.co/EightSleeppodAugust24 and use code IMPACT to get $350 off your Pod 4 Ultra.

Netsuite: Head to https://impacttheory.co/NetsuitepodAugust24 for Netsuite’s one-of-a-kind flexible financing program for a few more weeks!

SchwankOutdoor: Visit https://impacttheory.co/SchwankGrillsPodAugust24 and use promo code IMPACT to get $150 OFF a Schwank Grill.

RangeRover: Explore the Range Rover Sport at https://impacttheory.co/landroverpodAugust24

AG1: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://impacttheory.co/AG1pod.

Aura: Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/impact to start your free two-week trial.

Quickbooks: Go to https://impacttheory.co/quickbooksJuly24 to get 50% off 3 months of Quickbooks Payroll!

FOLLOW TOM:

Instagram: https://www.instagram.com/tombilyeu/

Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en

Twitter: https://twitter.com/tombilyeu

YouTube: https://www.youtube.com/@TomBilyeu

What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.

LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory

Learn more about your ad choices. Visit megaphone.fm/adchoices