The Economic Singularity: 'We've Got 6 Years To Make As Much Money As We Possibly Can' | Raoul Pal

[@TheJuliaLaRocheShow]

✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at public.com/disclosures/bond-account.

[@TheJuliaLaRocheShow]

@@NoBody11010 Hi there! I make very little money from this channel and work full-time outside of podcasting, so I can create content here. I dream of making a living off the show and paying my producer everything he deserves. He's been with me since day one. Please know that I appreciate your comment and will always welcome criticism. I try to do the channel with integrity. It's why I'm slowly building it and not rushing anything. 💙Julia

[@alanmrsic893]

​@@TheJuliaLaRocheShowI enjoy your content very much, thanks again!

[@alanmrsic893]

Could you please invite Russell Napier and Simon Mikhailovich, take care!

[@TheJuliaLaRocheShow]

@@alanmrsic893 working on Russell this fall 🙏💙

[@Livin-In-a-Box]

Your interviews are always fun and so thought provoking. Thank you Julia LaRoche!

[@Tonyrobs2]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[@DonaldStokes-p]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.

[@PASCALDAB]

You're right, I and a few Neighbors in Bel Air Area work with an Investment Adviser who prefers we DCA across other prospective sectors instead of a lump sum purchase. As a result, my portfolio has recorded significant improvement even during the most unfavorable market season.

[@SeanTalkoff]

I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??

[@PASCALDAB]

'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@SeanTalkoff]

Thanks, i did a quick web search and i found Sharon, i hope she responds to my mail.

[@AddilynTuffin]

For those moving cash from money market to other assets given the Fed pivot, what are some income-producing assets (not physical real estate) that you are prioritizing over the next year to offset your loss in income?

[@AGNESCHANG-u9h]

Dividend Stock and REITs. As interest going down, I think these two asset types are going to be more attractive. Besides getting dividend income, I expect them to get appreciation in value as well.

[@PauleAraiza]

Even if it just gives 4% dividend growth long term, long term inflation is just 3%. So, that’s still solid. As long as those divvies keep increasing, even in a recession, that’s what i need. I’m thinking huge percentage in SCHD, with smaller amounts in other areas not covered by the fund, like REITS and BDC’s.

[@carolynrose1816]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 75k cash earning 4% interest, 685k in roth ira, 120k in 401k, Gold and silver bars. age is 58. My advisr helped me realign my portfolio to my risk tolerance and it boomed shortly.

[@sledgeyyyyy]

Hey, I'm trying to find a financial adviser to boost my investments, but it's tough online. Can I get a rec from you, since you know about this stuff?

[@carolynrose1816]

I've stuck with ‘’Jennifer Leigh Hickman” for about 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@danielhancock6953]

Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…

[@Patrickleo354]

Trading in Bitcoin now is the wisest thing to do now especially beginner....

[@samuelroddy5382]

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

[@danielhancock6953]

Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

[@Jackowen54]

Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

[@Michaellfred]

You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

[@maiadazz]

The economy benefits those who have managed to invest in various opportunities. However, many people view investing as something too daunting, often feeling hesitant to get involved out of fear. Despite the abundance of opportunities today-whether in commodities, stocks, cryptocurrencies, and more-some still see it as a challenge and shy away from it.

[@michaelstrawberry]

In these uncertain times, having a strong grasp of financial management, smart investing, and navigating economic downturns is more crucial than ever.

[@richardhudson1243]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@saraFinn-u6g]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@richardhudson1243]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@AaronPatrick-x2j]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@MichaelHarrington17]

The entire currency debasement thesis is spot on. This scenario has been unfolding since 1971, when central banks and governments realized they could create liquidity without serious economic or political consequence under a floating fiat currency regime. Before then, economic fundamentals provided a hard constraint, now there is only a loose connection between economic fundamentals and markets. I call this money illusion that allows governments to debase their currency, let the exchange rate float, and maintain political order as their populations are deceived by the divergence of nominal and real values. Asset (not necessarily CPI) inflation is indicative. This has allowed govts to stealth tax their populations so now citizens work harder and longer for less to compensate for monetary and fiscal mismanagement. The "Everything Code" will work and continue to operate until it doesn't and we don't really know where that cliff is, so it is smart to play the market for real assets, diversify asset portfolios, and not overly worry about the reckoning. However, the futurist vision of an economic singularity is problematic. Reminds me of the promise of the 1960s that we'd all have personal flying jetpacks by 2000 and be living like the Jetsons. The problem is the age-old one of distribution. The game of Monopoly is instructive: success and leverage concentrate the distribution of returns until one player owns everything. That ends the game. It's a finite game because there's no longer any basis for exchange, no market among players, no economy. An economic singularity must be an infinite game, not a finite game. Thus the distribution of returns, product, success, etc. must be flatter to keep the game going. If AI robots produce everything we need, what matters most is who owns and controls the robots. In order to consume one has to produce - it's a circular flow system. This is a profound reality of macroeconomics. Markets concentrate the returns to success and debt leverages that. This is the core genesis of the business cycle. The consequence of the Everything Code is inequality. The asset richer get richer and the poor get subsidized and the middle class gets hollowed out. That leads to political crisis. This will be the unpredictable messiness of any move toward economic singularity. Thanks for the discussion - good interviewee.

[@gobbeldy1]

Finally some one who knows what's going on!!!!

[@edwardcotter7096]

Raoul comments that it was crazy to have 5.5% interest rates when inflation is 2.5%. This comment was placed as a teaser at the beginning of the podcast. How is this crazy? Is saving irrelevant in Raoul's economic model? 5.5% after tax might be 4.0%, leaving 1.5% after inflation. That's not great but it seems to be reasonable. Raoul says people need to become risk takers and not save in cash. He's right, but the bigger point is that the government is engaging in financial repression against the people and stealing the value of their savings. I think he should start by explaining the extractive nature of our financial system and describe how savers can protect themselves by becoming prudent investors. I've looked at his website and get the impression that he is using cutting edge strategies. If that's what it takes the majority of the saving and investing public have no chance.

[@hardstyle8184]

have to take some risk otherwise your fiat is a melting ice cube debasing at -15% annually. that's the USD too. In a bank melting

[@MeMe-lm9bm]

Your looking the answer in its face. Risk. Take risk and mitigate the risk with another asset that travels in the opposite direction.

[@lauragraves2948]

That is idiotic to assume because the fed lowers rates that house prices will go up. First of all mortgage rates are not dependent on the fed dropping rates, they’re based off the 10 year treasury, which is why mortgages rates did not drop after the fed dropped rates. It was already priced in. It also ignores why the fed is dropping rates (they see unemployment rising), because when unemployment rises house purchases slow. You would also want to look at what else affects the 10 yr treasury. I also think it is dangerous to tell someone to buy a house and just assume your variable rate will go down. You should not make the largest purchase of your life based on a bet.

[@emmanuellopez8298]

My God , he said the most dangerous words “there is no risk”

[@alanmrsic893]

Predicting the future based on 16 years (from 2008) historic data is more than foolish :-)

[@JohnInvest17]

For him "no risk" because he knows how to protect his portfolio if we have a flash crash. Retailer don't have this knowledge. We would just panic sell.

[@JungSOh]

@@alanmrsic893is it? What if 2008 set in motion new economic guidance for the fed and global trends of qe that sets in motion economic cycles? What if this is the new reality that he spent an hour explaining?

[@TakaluKevin]

This man was hyping cryptos, just before it crashed 60-90% last time. He was even more convincing that time. Let's never forget that. He is incompetent at best or has an agenda at worst.

[@robertgrassick5527]

Come on you haters , the man lives on a millionaire island among all his millionaire friends 😉

[@TakaluKevin]

@@robertgrassick5527 No surprise about thet. Last time, when he was hyping crypto, he was already selling them. In his podcast, we even publicly gloated about selling at top. He is ultimate Pump and shadily Dump King.

[@WhaleEye-r4e]

Bingo. Let's all take a moment to remember his ridiculous Ether predictions from the last up cycle and his touting of all sort of irresponsible alt-coins. He's entertaining but he thinks squiggles on a chart constitute research and insight.

[@foilrider2000]

He was not being seen for about 2 years , when bitcoin took a dive. He's a gambler like most.

[@WhaleEye-r4e]

@@DA-eo8ps well said.

[@JorgeOrpinel]

Raoul says the picture is crystal clear to him but he keeps contradicting himself. E.g. He says inflation is imaginary (WTF) and impossible under the current demographic/fiscal situation but acknowledges that high yield rates were needed to control inflation... He's also so brainwashed about AI, it's funny.

[@sudo2998]

He's got a bunch of circular arguments, all re-inforcing one another, to justify that this is the perfect time for wealth building and nothing can go wrong.

[@scottmoering9810]

exactly ..nothing can go wrong. Look this guy lives in the cayman islands surrounded by millionaires and billionaires. His advice is skewed to the positive

[@togoni]

@@scottmoering9810 lesrn more about this scam artist Raoul

[@lukang72]

His thesis is that governments will continue to money print with central banks, because we we are in a doom loop, but all that money printing will go into asset inflation, not necessarily consumer inflation (b/c of AI, abundant energy, aging populations, etc. creating deflationary pressures on commodities and goods). Also, the Fed will provide an asset put that puts a floor on asset prices. The only question then is which asset is the best performing, and his thesis is that crypto first and then tech. But every other asset will go up also, but not as much. I think there will still be business cycles but much more muted. I agree that the recession that occurred after the yield curve uninverted in 2020 really didn't like it would have occurred but for the COVID lock downs. But the Fed ended up pumping the markets, which it would have done had there been a naturally occurring recession to begin with.

[@Livin-In-a-Box]

The thing to consider is that a lot of people think alike, and some of them have a lot of money. Set his arguments aside and think about the behavior that he uses points to rationalize. He's not the only one singing this tune, but how does the song really go? Too much money chasing too few assets. Now a rich man can only eat so many oranges and eggs, and there is a limit to how many people can afford a tower or sports arena. So where is the next big bang? And the one after that? An economic cycle cannot go up indefinitely, AI or not. So right now we are in that period of a late late cycle and recession isn't being felt yet (although recession cycle equities are pricing it in) and you have the AI game postponing expectations while the musical chairs plays on in the background. So even though the late cycle stocks are being sold on AI dreams, you can see a ton of capital has already moved on to early recession/early cycle equities, and _that_ is the "smart money" in my book. Utillities, Materials, Engineering services, and whatever staples that aren't already overbought. Energy should also do fairly well since people will be travelling more, looking for jobs, moving, making longer commutes. Don't forget to throw some Nintendo and Sony in your Christmas stockings, because Grandma is going to buy all the kids a Nintendo Switch, and they already have a PS5 but you know, games and controllers, faster console refreshes etc...

[@americanaforever6725]

He's explaining that nothing will be allowed to go wrong for wealthy asset owners, everything is going wrong for everyone else through silent currency debasement/ inflation.

[@benjamincofer4128]

Not a good guest to have on, Julia. Raoul is little more than a crypto and personal brand grifter. I get you want to have folks on from all walks of life, but Raoul is actually a terrifically unsophisticated voice masquerading as a visionary. And I think (based on reading the comments so far) your audience is thankfully smart enough to sniff that out.

[@LibertarianRF]

Agreed. .mostly word salad

[@uxpjsxu]

​@@LibertarianRFand his constant swearing which he thinks is 'edgy' is just cringey. It makes him look and sound like an immature teenager.

[@jasonbrodmerkel222]

Enjoy being wrong. Watch.

[@LibertarianRF]

@@jasonbrodmerkel222 he does use word salad

[@StockMarketCaddie]

'...different this time..." this guy a crack pot

[@TonyNewman-n9z]

Just another Crypto shill. He wants everyone to buy crypto in advance of the coming "apocalypse" so HIS investments pay off and he can buy a bigger mansion in the Cayman Islands.

[@JensInAust]

The Crypto cult leader, whose only investment advice is buy on "more cowbell".

[@jeffb.140]

Lots of salty no coiners in the comments section 😂

[@austinwalin9435]

All I heard is that this time is apparently different and we won’t ever have a recession again. I’ll take the other side of that.

[@Michael-qy1jz]

Me Too! Rediculous. It don't matter what is wanted from the state, it's what they will get that's coming and they can't stop it.

[@Birdylockso]

His thesis is that the capitalists won't let that happen, at least for another 6 years. I think he might be right. The power that be don't want to rock the boat, except to slowly but surely debase our purchasing power, like the proverbial frog in the warm water.

[@johnrivinius4873]

A lot of in truths said here,but then again he was a former banker and probably a mouth peice for the central banks. Crypto doesn't have enough history to be the best asset out there. If other governments are buying gold not crypto that tells ya where the value is

[@IanMacintosh-u4o]

Inflation at 2.5% ?. No. I'm not buying that.

[@emailsender7139]

Me either. Blueberries were $8.00 for a pint a few days ago at Walmart. Meat prices are still going up. Eggs $4.00/doz.

[@foilrider2000]

I agree, they moved the goal posts in the way we calculate inflation, just more lies.

[@IanMacintosh-u4o]

@@foilrider2000 Yes. It takes skill to remember all the lies they tell. I'll give them that

[@brandon_youtube]

The inflation "rate". This is how finance gaslights the masses. The rate is 2.5% but cumulatively probably 30% since 2019 at a guess.

[@brianmurphy-j4h]

Despite recent rate cuts, I'm concerned about the economy. When people turn to shoplifting groceries instead of luxury items, it's a sign of hardship. Rising prices and stagnant interest rates suggest policymakers aren't addressing inflation honestly. Meanwhile, the wealth gap persists, with some individuals earning staggering incomes - over $400k - while others struggle to make ends meet. Leaves me questioning my own financial decisions. I wish I could achieve that level of financial success, and that's a daunting reality for many.

[@jimwaters-j6p]

Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned financial experts.

[@ChristianJacquet-my3rl]

I completely agree! I've made over $1.7 million in three years by following a financial advisor's guide. At first, I was hesitant and watched from the sidelines, trying to figure out when to start. Then my wife recommended a coach, and I decided to give it a try. I'm glad I did! As a little treat for my hard work, I even got to take a trip to the Bahamas last summer

[@bradhankins-x5j]

This is exactly how My spouse and i wish to get our finances coordinated ahead of retirement. Can I get access to your advisor?

[@ChristianJacquet-my3rl]

sure .He's known as a Glen Howard Chester '. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with

[@bradhankins-x5j]

Very much appreciated, just copied and pasted Glen Howard Chester on the web, easily spotted his consulting page and was able to schedule a call session.

[@ScottRuark-q8x]

He had me hook line and sinker until he said electricity will drop 50% in 6-8years-it would be nice for my family because it is a large irrigation expense on my farm-my net worth against his, that he is wrong about electricity

[@foilrider2000]

Wow, I haven't got that far in. Now I'm out.

[@JensInAust]

The anger is inequality. If his thesis is correct then we're heading to a replay of the French revolution. I think they will crash assets to avoid this from happening.

[@Birdylockso]

He did say there are about 6 years. So, the French revolution might come, but he's saying it won't be here until after 2030.

[@jasonbrodmerkel222]

​@@Birdylocksobingo

[@foilrider2000]

They won't crash gold and silver.

[@marcgirard7551]

He makes a totally circular argument: he says we can't get inflation but we have 8% inflation per year. He says productivity is low but then goes on to discuss how AI and technology are so rapidly advancing; the entire point of the AI and technology is productivity. Really hard to see him as more than a crypto pumper who tells everyone else that they just don't get it.

[@firehorse1966]

It's 8% debasement, not 8% inflation. There's a distinct difference. When it clicks, you'll understand

[@LifeOfAB]

Well said, what he is saying is conceptual - the language used fucks it - cause nothing means nothing anymore lol but try to imagine the relativity of the concepts he is talking about

[@supersteve8305]

He did start some crazy talk

[@TomGarrett-849]

Luna is 100% safe - RP aka the crypto con man! lol Discount everything this crank says, hes on the payroll.

[@Riggsnic_co]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@JacquelinePerrira]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@Jamessmith-12]

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@kevinmarten]

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.

[@JacquelinePerrira]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@kevinmarten]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@glengarbera7367]

How many people would let this guy manage their money if he said the world economy is screwed and that you should get out of the market.

[@jonashayes2508]

This guy is high

[@Stone881]

Raoul will probably lose it all and Mike Saylor will definitely lose it all

[@bradjohnson233]

No they will be the first to get out while touting crypto to the unwashed.

[@glengarbera7367]

Almost nobody has ever predicted a recession. To say we will never have a recession again is insane.

[@jasonlammers8022]

The rational bear market argument is commercial real estate breaking regional banks.

[@StockMarketCaddie]

I did not buy his bearish shit years ago, and i am not buying his bullish shit............nor subscribing to bsvision

[@gizzydillespie9695]

seconded!

[@bullguy3287]

Not a big fan of this guy, sorry.

[@joostonline5146]

16:17 yes is all basically risk free like Solana before it crashed

[@dilatedtime]

Two syllables to describe Raoul: Buffoon

[@johnrose3315]

He was praising CBDC in another video.

[@dhomant]

Where does this free energy come from. I’ve been asking this for a year. No answer.

[@tamayozgokmen9596]

Gold is up 40% in 1Y, so he is lying.

[@rafeekgafoor8084]

Good luck with that 40%

[@mr.bullion6786]

Listen to Raoul Pal being upset, now he is losing money.

[@timlangford8678]

I love that you do your homework and ask good questions. Good hosting.

[@infraaa_]

On Raoul's point about wage growth vs asset growth This will amaze you: Since 1971, it went from taking ~20hrs of work at the average job (to own 1 share of the SPX) to now, as of 2024, *185 hours* at the average job to own 1 share of the SPX This is called financialization, and it must end.

[@jhlasound]

I’ve owned a small business for 40 plus years, and he describes a person like me perfectly, I feel as though I have been fucked and my business destroyed . I don’t really invest as I don’t feel competent to do so, other than my company. While I don’t fully grasp how a lot of the concepts he put together work , I do have a better understanding for this interview. I think what I always say, the Gov is not “ curbing inflation” or cooling the economy , their goal is to force ME to stop spending while they continue to do so irresponsibly and THAT is what really makes me despise big, centralized Gov, among other things

[@mwilliamson4198]

There is no " don't really invest" If you hold fiat currency - USD, GBP, AUD, EUR or whatever, then you ARE invested in an "asset" that is being debased at about 8% per year. You just don't notice it

[@davidmoffatt6331]

Excellent interviewer. Let's the guest speak and asks very insightful questions.

[@Defisher]

I am a little worried about growth projections of funds i kept in a HYSA north of $80k, I aim to avoid FOMO and look at buying at the dips. Am I better off investing into Gold as it seems stocks are a little too unstable right now?

[@DreamweaverShade-h9p]

Overall, most traders or investors still think this year would favor stocks, and other equity-based investments over cash-like investments. Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.

[@Damncars456]

Accurate! asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@Tsunaniis-j5l]

That's incredible. Could you recommend who you work with? I really could use some help at this moment.

[@Damncars456]

Melissa Elise Robinson is the NY-based advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@icewa-fg]

Wow!! her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you.

[@walkonearthofficial]

That everything code video changed my perspective on everything… it was like getting unplugged from the matrix 😂

[@p.m.8316]

He called the bottom right in 2022 when everyone was predicting for a larger crash

[@northcotemallory9968]

The guy is full of crap.

[@tesslieb4040]

I love that you are a beautiful career journalist … you need more colour to show off your beautiful self.

[@kinglewy5772]

I want Raoul to do work on the mining problem that limits infinite growth of AI and Robots. We will need 10-15 years to fix our mining deficits, the silver deficit will limit Solar, Uranium deficit will limit Nuclear, copper deficit will limit grid expansion, this can be solved, but Chang in mining is slow and a major component is political that AI doesn’t fix

[@joshnaughton9103]

2032-2034 just in time for the end of the fourth turning

[@darwel007]

Crypto fanantic !

[@drxkalishnakov2464]

Almost couldn't tell who the guest was under all the clown makeup

[@togoni]

Don't bring this 🤡 no more. 🤦🏻‍♂️

[@huytran9550]

It is pretty much pointless if he's only talked about history and liquidity, when layoffs and unemployment is at an all time high.. "There is no risk"

[@brandonchan8255]

Pal's thesis is quite convincing: 1) Big nations won't allow recession, so it will keep printing money to prop up the markets, 2) The result is the rich/poor disparity will only increase.

[@adolfibarra5226]

Snake Oil salesman

[@StockMarketCaddie]

RUG PULL HAS A FIRM GRASP FOR THE OBVIOUS..................ITS OVER...

[@belovedhabeeb549]

Great interview! Let Raoul Cook and don’t fade him ! Optimism is the way

[@Weetorp]

2022 shows the risks to his thesis, war and disruptions. And what if bitcoin gets banned?

[@0xmelb7]

Excellent discussion. Thank you

[@scottmoering9810]

He says inflation is not a problem right now because it's come down. He's living in his own wealth bubble on the cayman. Houses are double what they were just 4 years ago and rising. He seems like thats all good. Quite the narrow mined guy

[@omnimoeish]

His main point is that you need to buy non duplicatable assets because the governments around the world and Fed know the name of the game is to pump liquidity as much as possible for as long as possible. People who are living in la la land buying expensive cars and boats and not investing are going to have their wealth evaporate. Real estate is going to keep shooting up in price with the back drop of liquidity injections and watch out when mortgage rates fall again. He even told Julia that. And it doesn’t matter whether he likes it or not, the government has given up on solving problems or isn’t smart enough to other than to print money and buy votes from low information voters that think you can help people by printing money.

[@scottmoering9810]

@@omnimoeish I get all that but in the end this will cause some kinda of revolution as the bottom 50% will feel the pinch more than ever as inflation for them will be excessive. He kinda missed this point.

[@Michael-qy1jz]

YEP, he likes to STEAL from the savers free market rates to give to Asset Bibble Riders, Speculators and Debtors. !! Mass W Transfers Upward

[@tylerm2703]

⁠@@scottmoering9810He clearly said monetary debasement + asset inflation will disenfranchise half the population and people are angry their old ways of thinking aren’t working. You can’t save everyone - stack sats.

[@scottmoering9810]

Ok I see this is obvious but the issue is that he thinks people need to be on board with this new way to make money but in reality over 50% of the population can't even save let alone put their money in supposed speculative things the fed is trying to inflate is the problem.

[@cebulnik]

RP = NFT narrative peddler = value zero

[@RobWilliams007]

Problem is, when you lower interest rates, people borrow more, instead of paying down debt and then when rates eventually go up, they’re even more in debt.

[@nickleair]

Exactly

[@chasejones8302]

The biggest tell that these guys have no idea what they are talking about is their take on AI. It's the amazing thing that nobody needs.

[@GaltsG]

Don’t kid yourself. AI is so useful and quick that it’s taking jobs left and right. Business “needs” AI to do things for almost free like graphic design, copywriting,language translation, programming, customer service, accounting, etc. Hold on while we hear the sucking sound of our jobs getting vacuumed up by AI.

[@chasejones8302]

​@@GaltsG yep, just like self driving cars were going to take over. It's the new amazing thing we don't really need. It is a meme. Every CEO has to talk the talk or lose his job.

[@paulcoenen7918]

Sounds just like the folks that were talking about computers way back. "We probably only need 3 or 4 of them per country " 😂

[@paulcoenen7918]

​@GaltsG Then maybe we humans can get on to more things that need attention. As of now we don't have time to take care of our things, our bodies ,our family or ourselves because we work too long of hours too keep up. Well most of us anyway, seems a few people of working age in my neighborhood have every day off.

[@GaltsG]

@@chasejones8302 It's a meme that is taking my job and my business. So yeah, this AI is useful enough to start taking translation and illustration jobs. No one cares if the quality isn't exactly "human" level.

[@johnj1694]

FABULOUS !!! Julia //Raoul ...sounds like the responsible savers are getting hurt// in this environment causing everyone to become risk takers. debasement for those in heavy irresponsible debt but for us regular folks we want a return on our dollars in the bank on real dollars earned and real value for goods and services produced that maximize capital resources.... loaned out as for those who put the dollar that was earned into real assets and real productivity goods and services. which means free market efficient use of capital resources. But Between the government spending and the central banks and financial system they have really screwed this up. Julia this episode gets into many of the backside details of some of the inner workings of the economics we are facing GREAT episode and WONDERFUL discussion

[@sime2890]

You can make money out of natural resources, robots can’t make anything without materials and if we are making more things the more commodities we will need surely

[@alanmrsic893]

Come on, the Bitcoin started at 2018 to be an investment asset. Annual 40% got Bitcoin, Gold took the last year the same!

[@johnholster4208]

That was great! Thank you both!

[@GaltsG]

As much as the commenters seem to dislike this guest (bots?), his trend forecasting of technological advancements has been spot on for the past few years.

[@richardgoodier420]

It really hasn’t. Was shilling for Cathy Wood at the top of the market before her fund took a giant dump.

[@practikarl7992]

As always...Raoul on fuckin point💥

[@dalemoreland5106]

Inflation is down??? It is if you look at 2024 only, how about from 2021 to 2024? I haven't seen a package of bacon go back down to $2.98/package, or gasoline back down to $2.20/gallon, or eggs back down to $1.50/dozen, or buying a new car for $24,000, and I could keep going and going about prices. By the way most people's wages are not keeping up either. Your guest today lives in la la land!

[@ItsMeTheG]

You are describing deflation. Inflation is the rate of change of prices, which is down over the last couple years. Inflation going down means prices increase at a lower rate. Does not mean prices go down. The system is designed for inflation to stay at 2% ideally per the FED which means prices in dollar terms always go up. Higher inflation means they are going up faster.

[@mwilliamson4198]

@@ItsMeTheG Exactly. Well said

[@soundsnags2001]

We're gonna make it bros

[@alanmrsic893]

Hope there is enough space on that small island for us all lol :-)

[@thakurvk]

Debasement argument is right one !! Government have you by neck and would do more of debasement!!!

[@StockMarketCaddie]

they said the same shit in nov 1999...................such bs

[@gregorya326]

Ya I remember, it was a new pardine, high PE didn't matter, the media said it, then the people said it and convinced themselves it was true.

[@drew9312]

Lots of waffle and theorising like quite a few of the guests on this channel

[@tyc00n]

just remembered why I cant stand listening to him

[@richardgoodier420]

Yeah me too. I did against my better judgement, 53 minutes of my life I won’t get back again.

[@dynomiteslim4590]

I see. We can go on shifting wealth from the working classes to Wall Street and profit from rising asset values and free electricity forever. What could go wrong?

[@MicahBratt]

Crazy time to be alive in history. What are the odds of being alive around perhaps one of the biggest inflection points in human history. Or perhaps it's happened before but no one survived to tell it.

[@zomgoose]

This Time It's Different!

[@ruster719]

“They” are wrong about inflation because “they” really mean inflation + debasement. “They” are always suggesting official price inflation is not accurate as a result. The message is clear you need to be a holder of real assets, equities , PM’s etc, because through time all fiat currency has been debased. The big problem, I think, is societal, those that understand get richer those that do not (the majority) get poorer, eventually that has to break down.

[@therealjohnnyb2151]

I think saying Raoul is an optimist isn't the right word. He's bullish, yes. But it's not in an optimistic way. Prices will continue to go up as fiat gets debased more and more. This isn't a positive thing unless you can capture it. The vast majority of the world will be worse off because of this. My thoughts anyways. Great interview. Nice work.

[@deevee4994]

Not to say he isn't right on some analysis, but wasn't he hyping mataverse real estate.

[@fillmorehillmore8239]

Some put on their rose colored glasses and ignore history. Not everything is financial when you have power and politics involved.

[@twhelostl61]

Is there enough matter to match up with what is ahead? Are we all wearing AI in this space? Crypto is priced in debt based currencies. Robots set on tasks only need code and power. Politics in AI? Will economic decisions be made by AI? Alot of questions, so many paths.

[@victorsperandeo3609]

Julie Raoul is a very bright man … but in you buying a variable mortgage -i want to point out that the end game is hyperinflation. You are toast if this occurs . What can happen to cause this is war -not nuclear war as we are all dead then but - . Do not get a variable mortgage!

[@lukang72]

i agree! there is not 100% certainty that there will not be resurgance in inflation in the intermediate term even if the long term secular trend is arguably down due to demographics and technology. that's why long term rates rose after the Fed cut ... bond markets are not convinced that the Fed did not reignite inflation. With adjustable rate, you could end up with higher interest payments for a period. I'm going with a fixed mortgage. I could be wrong and there could be lower rates, but I'll just try to pay down my loan as fast as possible.

[@hawk6890]

I think he is right about being optimistic about the future. But I am not so sure about taking on high risk assets as a general reco as he suggested, which can be catastrophic for certain people ...

[@MarkMark-ji6ts]

Anyone buying into this crypto lunacy especially Bitcoin I can't take seriously, including Lyn Alden. Unless we go the path of Zimbabwe good luck with your million dollar BTC

[@jvancek]

Do you like/hold USD? It gets value based on the same thong as BTC....faith! The US is $100T+ in debt that will never get paid back, and you are worried about BTC?

[@somejohndoe3004]

@@jvancek USD is backed by the US Army, not BTC.

[@TROYPETERSON-q5x]

SPOT ON!

[@galbaband]

🙌🏻

[@Livin-In-a-Box]

I just occurred to me that even though Bitcoin is theoretically counter-inflationary, it is in *actuality* quite inflationary in the long run. Simple supply and demand economics, right? 10 years ago $600 USD bought you a bitcoin, today you need $60,000 USD to buy the same useless bitcoin. That is like 10,000% inflation. Good thing Bitcoin isn't a part of the consumer price index or we would never be able to afford a loan without holding a crypto wallet... and we know how secure _those_ are.

[@tylerm2703]

Bitcoin’s inflation rate sits at about 1.5% currently and will continue to decrease over time. You’re pairing btc with an inflationary currency (the dollar) so of course btc price will continue to rise against it. And yes, there is only a small supply with demand for it ramping up.

[@nobodynothing9950]

Yolo in ai!!!!! weeeee!!! This guy needs to be in Hollywood. Quite the storyteller. Of course, I'm jealous I didn't yolo into bitcoin and TQQQ or NVDA during covid crash. I suck! lol!

[@joebloggs339]

Optimism - it's just a conscious or unconscious decision or predisposition, UNLESS you see a pattern like Raoul has that shows cyclicality where in certain seasons, number go up, and in others, number go down, predictably. 2 occurences could just be a coincidence, 3 is already a pattern and too statistically unlikely to be random.

[@jackiekunovska8405]

The end game is.....most ppl wont be able to afford AI gadgets in their life....sorry for the bad profit news..

[@williejacobs5386]

Been following RP for a long time. Not sure I like the swearing ratcheting up as much as it is.

[@pekkaastrom7346]

I'm only in it for the girl...🥰

[@abhangasanatan6766]

No corporation owns internet for profit. Only handful of companies own AI. It’s not going to be free.

[@FoungniguéNaomiTuo]

❤❤❤❤

[@MS-dx6yz]

Great guest, Julia. 🎉 After reading the comments - it's fantastic how negative the audience is. He isn't wrong. The banks and policy makers are in control. Don't bet against them.

[@SpaceCredits]

Raol is Wrong. Look at food prices, gas, electricity Insurance inflation is real.

[@walkonearthofficial]

33:50 truth nuke