The Ultimate Macro Framework with Raoul Pal (WiM078)

[@cosmothewonderdog8602]

Raoul is the best economic storyteller I’ve ever heard. I never tire of his history lessons and macro analyses.

[@ticklefights]

Seems like tons of this didn't pan out though, ya? His stuff about inflation never coming back, bond yields never going up, etc

[@cosmothewonderdog8602]

@@ticklefights LOL. My comment is ten months old. Turns out he’s been dead wrong about lots of things!

[@JKHallATL]

This is a MACRO talk so what he’s talking about is a macro view. Long term

[@benellenberger5610]

@@JKHallATLgood point.

[@hoangtran2384]

Its decade long story ppl

[@mlawler8]

This was more impactful than any history class I've ever taken

[@WonderY2]

Totally mind-boggling. I think this is the single most important interview I have ever listened to. This is of a magnitude deeper than the rabbit hole. Flabbergasted. Love and respect to you both.

[@dy2cakc1]

The Saylor Series is Timeless. People in the future will revere his world view. Raol Pal is world class too.

[@Jess-qr7ox]

Wow guys!!! What an enlightened and awe inspiring conversation! I am constantly learning so much from people like you two who create content for free and is truly a great use of my time. I am less then a year on this adventure into "what the hell is actually going on in the world [of finance]". I just want to thank you so much for taking the time to record these conversations and share them with the rest of us plebs. Please never stop, humanity needs individuals like you guys in order to grow and prosper. Cheers!

[@jimmyraybungle1208]

Agreed. I feel exactly the same. Almost empowering. Jigsaw pieces

[@yungacid1]

Yes! But, "then" != "than";

[@iliapanev1687]

The fact that the public has access to information like that for free is mind-blowing.

[@omnipotentwiz5101]

This is why you should not feel sorry for poor people in the Western world. Being poor in the West is a choice.

[@marouanebe4942]

That's the best thing I've ever watched in my life. Also I already ordered the 4 books you've talked about (The Crisis of Global Capitalism; The Fourth Turning; The Sovereign Individual; lifespan). Thank you very much 🙏

[@lawolsten]

Awesome!!! Keep us posted on how you find the books. What are you invested in, in the crypto space if you don't mind me asking ?

[@didactica9326]

I'm half way through the Sovereign Individual 🙌💯

[@lgyes2]

@@lawolsten Illuvium

[@ggrthemostgodless8713]

Robert does a great job of shutting his mouth and letting his guest talk, most interviewers keep interrupting the guest too often, "Oh yes, but do you mean..." as if they want to show they are equally informed or smart as the guest... Robert is good at listening and like he actually is open to learning from the guest and the possibility he might be wrong, he listens as if he is interested and not just waiting for his turn to talk and show how equal smart he is. Thanks Robert.

[@albertopascual9852]

In all the time I've spent reading, researching and jumping down the macro-economic / crypto podcast rabbit hole, this is by far the best economic situational analysis I've come across to date. Thanks guys!

[@Ngutech]

Amazing interview, Robert! Raoul’s history lesson was beautifully presented. I really appreciate the long form of these videos and playlists on this channel. They have replaced most of my Netflix and wasted downtime time. Both entertaining and educational. The fact that this is all free proves so many points that were made. Thanks for all you do, Robert! And please do another interview with James over at InvestAnswers if you get a chance!

[@robgiles9992]

Extremely grateful to both of you for getting this amazing interview out there

[@RobertBreedlove22]

Glad you enjoyed it!

[@SQOriginalCoach]

Outstanding, eye opening and invaluable knowledge dropped right here. Great work, thank you 🙏🏼

[@nicka302]

This absolutely rocked me to my core. We know everyone is getting f’d over, and we do not know why… until now. Thank you Raoul. Thank you Robert.

[@my2sats727]

We always knew it was the f'ing baby boomers.

[@robins7594]

Raoul been’ banging’ on about this for the last 2 years; mind you you can never get enough of Raoul. Natural born storyteller

[@DrAAAli]

I've listened to this nearly 200 times now...and every sinew has a mountain of relative knowledge. Just the whole 'demographics' thing is worth 20 books.

[@wendyroberts2693]

@@my2sats727 You mean their parents, right? Can't logically blame a baby for being born, can you? Besides which, Raoul mentioned they were the first ones to get fucked over in the mid-70's (16:00-17:20).

[@jhm5hs]

What I like most about this, is how the presenter lets Raoul do the talking. Rarely butts in and it really adds to the interview.

[@carrilee2299]

Absolutely stunning. Please write a book Raoul and put it all together. Or a collected works of your shorter writings. I will listen to this several times and have just asked my husband for The Fourth Turning for Christmas. To both of you, heartfelt thanks. ....and I love that 60,000 people across the globe have watched this at time of writing. It's like watching a revolution unfold in front of my eyes.

[@silverspoon16]

Wow! Absolutely blown away. When Raoul started with the fall of the British Empire I knew we were onto a winner, and he is absolutely right to. It defines everything we know today yet in these exceptional times, life will change beyond recognition in the next decade; strap in!

[@Mr12barbluz]

Should be required listening for macro economic classes. Raoul ties the last 100 years together for us macro nerds in an interesting lesson. As a baby boomer and macro economic nerd, I was mesmerized.

[@CmdrCorn]

I listened to it on Real Vision, then came here and listened to it again. A masterpiece of macro social economic insight. The previous holder of this title being Raoul's "The Exponential age", Raoul Pal is cementing his legacy as one of the great thinkers of our time.

[@FrankKoine]

I am finally beginning to understand the world of money and economy. Raoul and Robert have just blown me away.

[@jmanjr]

One of the, if not the best, Robert right here…. Very well done..

[@jmanjr]

“The progressive left is pissed”. Yea maybe but their solutions are absolutely backwards if they want real progress btw….

[@harvey_the_rabbit]

Many years from now........ this long form conversation will be required viewing in every higher educational program..... obviously found somewhere in the digital space. I am a huge fan of each of you..... this is a defining video which will point millions of people in the correct direction. And I thank you!

[@keasberryacademy981]

The interesting thing to note is that in history class we often learn about events almost as isolated incidents, but it's much more useful to see how everything is connected. Great wisdom here from Raoul.

[@michaelbennett7396]

1) Are we saying that the 70s inflation was not foreseen, despite census information in the previous decades? 2) The thesis that the world is finite could have eerie parallels with the flaw in Marx's thesis on production, which was invalidated by improved tech. 3) What stops the creator of the Decentraland-style metaverses from adding more 'land' and deflating prices to attract new investors into the space? 4) What stops monopolies being formed if we all shift to Bitcoin? Sure, that will be more meritocratic but ultimately it will leave people poor again. Amazing discussion. Very thought provoking, taken with a pinch of salt considering the number of forecasts being made within the thesis.

[@lukusdukus]

4. Could a Bitcoin centric world be the basis of a fully free, open market of human action, that results in better out comes for humanity? The thought experiments suggest yes but as this interview highlights brilliantly, we can never fully know the "unintended consequences" There will always be winners, losers but it's clear we need an agreed truth through which our personal, social and global responsibility is better aligned with our physical reality. It seems we're in the experimental stage of moving towards this concept.

[@shanillereynolds366]

I need to watch this one multiple times. So much contained in this and what a smooth interview between you both. Thank you so much- I wish I had learned some of this a long time ago but here I am now.

[@AkshayKhurana]

This is the best I've ever seen of Raoul. The big picture suddenly got as clear as glass and I'm seeing through to the future.

[@mysteryshopper3056]

MIND BLOWING. My favourite episode and macro overview. Please do a follow up with focus on what we can expect from the future. More people need to know 🙏

[@davoidofaith]

wow a fantastic interview, Robert interjected perfectly to allow Raoul to express his magnificent process of thought while sound boarding his concepts. good on you both legends of the day :)

[@thoughtsbeforefeelings]

A lifetime of brilliance condensed into less than 2.5 hours. I'll watch this until I'm able to fool myself into believing I fully understand it.

[@TheAgentGold]

This one's amazing. I've listened twice and will probably listen again at some point in the future. There's a lot to think about in this one, and it all makes so much sense the way Raoul lays it out (which you kind of have to expect from someone who's been piecing it together for 30 years). Raoul is a favorite of mine to listen to for good reason!

[@ReTr093]

An encounter between two truly enlightened and free souls. Thanks for taking the time, both of you.

[@ariell8962]

My intuition naturally led me to Malthusian logic as an explanation for the source of our troubles but now Raoul Pal has fully explained with absolute detailed clarity the reasons why we are where we are. I can not thank you enough for this podcast Robert, my mind is full and thus my heart is steady ❤️

[@CriptoPoeta]

MACRO MASTERCLASS BY MR. RAOUL PAL. MODERN LEGEND.

[@rasnuggets]

Thank you Raoul for referencing James Goldsmith. I just watched the Charlie Rose interview on KZbin and it's like... MIND BLOWN. That guy was so on point, and here we are some 30yrs later...

[@lukusdukus]

Raoul you have articulated and given the background to a multitude of concepts and ideas that have been rattling around in my mind for years. This is an absolute tour de force in objective thinking. I now need to read the forth turning and the sovereign individual! Thanks to you both for sharing these incredible ideas and frameworks thoroughly enjoyed this!

[@DonwanNaemoneur]

Thank you so much for putting this all together. Tough love from Raoul.. 'nobody cares if you don't like where the system is going'.. I'm reluctantly riding this wave, so that I can live peacefully in a 19th century fashion..

[@Trupak786]

I have a short attention span, EXCEPT when Mr Pal is talking. I was glued to this podcast, no interruptions! Brilliant, just brilliant 👏

[@ericmireri9237]

This has got to be one of my favorite KZbin videos of all time. Thanks Raoul for blessing us with your insight.

[@logiques]

This is MasterClass! Amazing how Raoul and Robert discusses all through the origin of our current system status and where things are going. This is a must watch!

[@user-jb4jt6ut3l]

Best interview I've seen yet of Rauol and I've seen a number. Robert is a *humble* brilliant thinker and it shows in this interview. Thank you both.

[@AliceinWonderlandzz]

I'm steeped in this and you blew me away. I wish I could just spend a whole day working through the framework with you. We don't know where this goes but there are key landmarks in the journey that should shape our behavior as investors. The one that rules them all is the evolution of exponential self improving AI - the analogy would be like a wolf adopting a human and then expecting stay the alpha. As the human grows that relationship inevitably shifts, we can hope to influence it but in the end humanity will thrive or die at the will of ESIAI. You lay a gap of 15-20 years. Remember this is exponential technology - I think the gap is more like 10. We should do everything we can to hasten it because you are spot on about the turmoil in the interim. The other immutable feature of this terrain is that in turmoil, with power accruing to the individual, societies will be increasingly forced into repression and police states. The nation state will not wither away peacefully. At this point they are mostly unaware that the threat to their integrity comes from within but when they figure it out they will attempt to dominate and control the transition. China, with the suppression of the internet has proven that whoever owns the base reality owns all the layers beneath it. Crypto will serve at the pleasure of the state. Facebook, Google, Amazon and whats next will serve at the pleasure of the State and so will every metaverse we escape to. The great danger of every fourth turning is it's predilection to engage in total war rather than change. Humanity is a great adapter after the fact but they are shit at changing to adapt to what's next. Russia and China have already seen the conflict and are preparing, the West is stuck scrambling to stop the old world from collapsing in on itself. Power will accrue to the innovators, whatever nation state they belong to, and no other nation state will tolerate losing control of their ability to create wealth. Yet I am still hopeful - because the pace of exponential change is unstoppable and the nation state and authoritarianism are the slow moving dinosaurs of the past. They will yield and fall because they cannot survive in this new paradigm. The opportunities to individuals that can ride this change are beyond our imagination. Bitcoin will suffice as a hedge for now but it will be sacrificed to the central banks - it has to be. Riding the waves of disruption, as ARKK attempts to do, is smart as well. Owning a house in the Cayman Islands, away from the fallout, may be the best investment you ever made. Thank you Robert for what may become the defining interview of this Age. Thank you Raoul for your insight, commitment and unparalleled vision. Whatever meta-state you choose to belong to I will be right behind.

[@kost9lbrik135]

Gosh, I'm on 60 minutes only, but already fascinated... Keep watching though it is long it is very important, that's what they need to show at schools.

[@digitaldeepak21]

This should be taught in schools. Thank god we have creators like Breedlove.

[@luismarques2124]

This interview is fascinating, trying to predict the future, profoundly realistic and philosophical at the same time. Definitely watch it end 2 end, I will have to watch it a second time. 2 Brilliant intellectuals who are also humble and admit that they do not know everything, and are on a journey of learning and trying to make sense of it all.

[@jmanjr]

Well said and very true. I enjoyed this very much.

[@1dreamable]

I've listened to this couple times already while driving to work. Its a great learning experience listening to Raoul Pal

[@PaulSprangersCityLimits]

Best Raoul Pal interview ever. Thanks for letting him go, Robert. Incredible.

[@patricebaumel]

This.

[@GraeLaws]

Well said that man!

[@jmschnip]

I wanna hear Raoul with Jamie Wheal. Jamie has shared views like Raoul's economic framework leading to populism and Robert's thinking about future societal collapse. The trio would be amazing!!!

[@Supraman079]

Fascinating breakdown of history up and through the Fourth Turning. Best Pal interview yet.

[@jonathanlondon728]

One of the greatest videos I've ever watched putting all of the pieces together of the way the world came to be and where the world is going. This has fundamentally changed the way I think about everything. Thank you for doing this.

[@jonathanedward5062]

I studied Finance at a top-tier business school, yet learned so much new from this! I am connecting the dots as we speak. Thanks for this!

[@jordinja]

@Robert Breedlove this interview is testament to your intellectual integrity; being well-known as a Bitcoin maximalist (whether that's accurate or not), it would be easy to join the dogpile on Raoul for his views on ETH. However, the fact that you're more open-minded than that means that we have what I believe is one of Raoul Pal's most important and enlightening interviews to date. Huge credit and big thanks 🙏🙌

[@johannesweimar549]

That's exactly what I was thinking the whole time! Thanks to Raoul and Robert!

[@carlfrisko]

He's a bitclout maximalist

[@eltea3592]

Wow mind blown. I kept rewinding quotes from both of you guys in the video so I could let what you were saying really sink in. Amazing interview.

[@scottkelderhouse933]

This is one or two interviews that stopped me from sleeping as I try to process…. Thanks for sharing. I have a strange combination of worry and hope for my kids.

[@cabragooncabulous4082]

By God! Even if one does or doesn't believe in bitcoin. There is no denial how eloquently Raoul explains the demographic dynamic of how we got where we are here. Couldn't be more convincing. Fascinating on an epiphany scale. Bravo Mr. Paul. I also love the statement. "Stop waiting for the big bang. Understand what the game is."

[@JacquelineHofste]

I am sitting at the edge of my seat listening to this fabulous overview of history events in the context of economic development. How fascinating to see the dots being connected.

[@0xSenad]

One phrase to describe this - Créme de la Créme. Thank you both Robert and Raoul, this is life-changing!

[@ArnoldSommerfeld]

Came for the bitcoin, stayed for the history lesson.

[@bujin5455]

I seriously don't understand why this channel doesn't have a couple million subs on it. I don't think I've ever seen a channel with so much signal and so little static. Robert simply doesn't shoot a video that isn't worth doing!

[@RobertBreedlove22]

🙏🏽

[@brandon_gentile]

Easily one of the most insane videos ever. Great work again, Robert. Thank you, Raoul. Two visionaries and we need more of you two together 💪🏻

[@EricParadox]

Unbelievable knowledge and food for thought. Been at work making machines that create silicon wafers and the mental stimulation and questions it leaves me with is unparalleled. This video popped up immediately after Rauol's interview with InvestAnswers and it's all given me so much to think about. Thank you

[@pachmann4869]

The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion [all values are contemporary, unless otherwise stated]) in reparations to cover civilian damage caused during the war. The German mark (About this soundpronunciation (help·info) sign: ℳ) was the currency of the German Empire, which spanned from 1871 to 1918. The Mark was on the gold standard from 1871-1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold and silver coins ceased to circulate.

[@robinrobinho4240]

Thx mate!

[@robbybroon4904]

Was googling the same thing!

[@TDL1887]

This may be the best and most clear analysis of what lead to the situation we are in that I have ever heard. Thank you both so much for this amazing education.

[@bleacherz7503]

But he misses the solution, which is the unwinding of real estate prices and raising the risk free saving rate. It has nothing to do with Bitcoin. In addition, we have now ruined the work ethic of the next generation. We created a generation of uneducated gamblers without the proven American Ethic (that worked). On top of that taxes need to be raised - not lowered, to pay for obligations.

[@CarstenQuilitz]

Again and again and again you guys knock them out of the park. Excellent conversation. Thank you so much that you transfer your knowledge to us "normal" folks. I actually stopped watching normal TV altogether and am only watching content like this for "entertainment". This gives me so much more joy and enlightenment. Can't thank you enough. Cheers from Bavaria! Q!

[@Erisactivations]

I’m very new to the DeFi space here and my hope is that it’s a world that keeps me completely unattached and separate from the state. Evil dystopian future. Actually we are living in dystopian times now, but I truly believe people are waking up and realising this hence why everyday middle class people like me are seeking these conversations to educate themselves for creating a better world. Thank you for being heart centred benevolent leaders in this space 🙏🏻💚 🌏

[@mloch90254]

When I hear "global prosperity like the world has never seen before" I cry a little bit and it feels so good

[@freud82]

Might be the best thing I've watched on KZbin this year. Thank you 🙏

[@kriswalter560]

This was so helpful and validating. Thank you. Love hearing the whioe framework laid out. Definitely want to hear more of what Raoul sees in the future.

[@Cyoplasm]

Decades from now in the Metaverse, Raoul will be remembered for coining it “The Exponential Age”.

[@slamslidestyle]

An absolute pleasure to hear Raoul open up like this. Would love to listen to a part 2 or maybe another long discussion about similar topics. Great job Robert!

[@dwalsh5925]

OMG! I finally got it….like going to Starbucks to work as a barista, you go to work at the meta verse! You don’t live there! It’s a job..and other people come there to buy coffee so to speak! Real life experiences aren’t replaced! The meta verse is a way to employ people that technology has displaced! This could work!

[@matsaeba9608]

By far the best interview that I have watched! Really Good interview and I saw Raoul Pal inspired this time! I felt like a time traveller when Pal's story started! I was there and for this reason...Subscribed!

[@travelreview8520]

What a great summary of how we got here!!! The unintended consequence of both parents working to support the family is the start of the destruction of the family nucleus,. Consequently, children are no longer being taught essential human values ( like love, respect, self esteem, etc.) at home, which translates into all sorts of social problems, including crimes..

[@rafaelzabik2443]

Yeah man ! Nice - I’m currently Re listening to the 17 part Saylor series . Thanks for putting this out .

[@kylehoorn5192]

Awesome! That 17 part series was a fantastic piece of education. Worth re watching for sure

[@mediasparkline7130]

@@kylehoorn5192 Link?

[@kylehoorn5192]

@@mediasparkline7130 Someone watching this video, I have full faith in your ability to find the Saylor series on Robert's channel under playlists.

[@kylemartel9577]

This one of the few interviews that I had to pause at different moments to stop and think. Like wholy f*ck, completely explained so many things I hadn't really thought about.

[@jarrodmontague3424]

“Both those parties have a base of the poor, but in different parts of the country.” Whoa. This may be the most precise answer to why we’re so divided that I’ve heard. If people begin to hear and understand this, we have have a real shot at getting more people aligned and focused on addressing this more tangible problem.

[@Timo1o1]

Robert and Raoul, you are two of my favorites and this has been absolutely amazing. Robert what you have managed to put together here is so special, the depth of thinking and ideas are up to par with the best out there (Jordan Peterson etc.). Hope you get to see this message

[@GregPapaG]

Best Raoul Pal interview ever…thanks Robert!

[@robertruiz1368]

I had to share this. I have been trying to figure out what the foundational issues are with our current state of affairs'. I think this is the best conversation and idea yet. Thank You both. I do think as basic needs become closer to zero cost because of tech, people might value things created by humans such as art. Human generated art is an example of scarcity which would be appreciated over items created by machine. We see examples of this in custom cowboy boots and other custom goods. If history repeats we may see a new humanism and/or spiritual renaissance.

[@pedrocgrn]

Mind blowing interview! Raoul is so well rounded in different aspects of the crypto world and where we are going with all these different technologies. Glad to be learning and always keeping an open mind about different opinions in this space. Thanks guys👍

[@jonquindiagan7625]

Thank you for sharing your experience. Keep up the good work!

[@benlaing-mcconnell8153]

One of the best podcasts i've ever consumed. My god, the insight from 2 brilliant minds. Not only extremely educative but expansive too. I imagine that myself and many others will be able to consider possibilities potentially even beyond what these two have laid out now. Brilliant

[@alexmerrick2517]

Amazing Conversation. Thank you for giving this information out for free Robert and Raoul. I appreciate the content.

[@stefanieheider2076]

Thank you so much for this history lesson, it opened up my eyes why our world is so screwed up. Always a pleasure to listen to Raouls thoughts and knowledge.

[@xpark546]

The first time I think I have ever seen only positive comments... crazy how this touched so many people in a positive way

[@kevins9780]

I'm fascinated how their conviction is so strong for bitcoin in the future yet they voice their humility for how things will actually unfold. I'm doubtful we know the solution prior to knowing the outcome with as much certainty as portrayed.

[@daywinnerscrypto]

This is the best interviews I’ve seen on money , thank you for this

[@aurelioschmitter]

Thank you guys. This is so mind expanding!! This is one of the best interviews I ever seen. I have the fourth turning on my bookshelf, It was a bit dense for me, but I am going to pick it up again and I’m not going to stop before the finish line this time.

[@chile4chad982]

A must watch - just wow - a peek into the future by learning from the past with the intelligence of foresight and curiosity. I learned more from this than any school or class I could possibly take 💪 Thanks fellas

[@nickypage9]

Simply Raoul is a genius. I love listening to him.

[@BatmanBoss]

Listening for the 2nd go This is a lot to take in

[@J-Waz]

Thank you so much this changed my life for the better. Bless you both

[@swoopswoops]

This was a stunning and thought provoking interview. Thankyou! I have a question though - does anyone know if there are charts that illustrate the points Raoul's point? Particularly relating to wages and asset growth vs money supply - I would love to see that.

[@mayurdotca]

This was one of the best podcasts I have ever watched about global money

[@GaborBalthazar]

This is one of the best interview I've ever heard!

[@djdos83]

This was next level guys :O Im going to have to rewatch this one, so grateful you put this out there, thankyou!

[@nicholasroman8071]

Thank you Mr. Pal and Mr. Breedlove. I will listening again with a pencil and paper.

[@l0nz3r0]

“Financial repression is trying to run inflation hotter than bond yields, because you deflate your debt away”. So deep and true.

[@triwinvideos]

"and no one can stop it!" Breedlove's mind seems to be blown. Mine is shattered to pieces. I knew bits and pieces and Pal puts it all together for me.

[@gillesweber5574]

This is a fantastic Interview, I think Raoul is a very clever man, he has so much knowledge about the financial world. I am so grateful that he shares his knowledge with us... Muchas gracias señor Pal

[@zaccy]

This was a crazy ride. Gonna have to go through this episode again. Thanks for the amazing content Robert and Raoul

[@adrienlepert7460]

Mind-blowing. What a brain awakening resource you are giving us away here. Raoul Pal. Hat off to you, your learning journey path and unprecedented skills for sharing this all complexity of human and economy

[@MotoJB]

Brilliant interview and macro journey through history...well done Robert and Raoul. Play the game we're being dealt. Don't delay. Time is of the essence. Turn around, there is a huge wave coming.