"Society Is One Big Ponzi Scheme" - Warning On Elites, Debt & Reverse Market Crash | Raoul Pal

[@BB-cf9gx]

The debt will not be payed by "dad". The money is being spent and the debt incurred by dad and passed on to the kids.

[@justinmasters220]

Exactly. The comment I wrote saying this was deleted.

[@MrBlister808]

It seems like they are both indirectly trying to convince us to go along with the program set forward by the WEF's and UN's Agenda 2030...and give in to greed.

[@RichardTN]

Kids aren't paying anything. The government is your dad, as you do what they tell you to do.

[@StanleyBrunswick]

Try explaining this to a Boomer and just watch EVERY excuse come out, including shaming you for, "Not working hard enough." I choose to opt-out of the Dollar with every paycheck via Bitcoin and Silver.

[@BB-cf9gx]

@@StanleyBrunswick I am a boomer. 😅🤣

[@Foxengcnc]

We are giving the debt to our children not your Dad. They are the ones who will suffer. Inflation will eat the world. The kids will not be able to afford anything

[@devlinX]

They already can't afford anything. Mass migration has priced them out of ever owning a home. I'm glad I never had kids, I couldn't stand to leave them with what has been created.

[@bobbyisenhour5817]

Who cares it’s all garbage anyways.

[@adowdell]

@@Foxengcnc i have realize that debt is the new taxation without representation. No one alive want to pay for it, so we are just taking on debt and making those who arent old enough to vote pay for it.

[@anthonymiles1446]

It's a sad narracistic world. No one cares if they are OK financially.... im hoping for a coming of christ. Or I'll be a slave the rest of my life.

[@thorragnarok2861]

​@@anthonymiles1446... but christ died for ur sins already...so deal with it. Hell is far worse 😂❤

[@vagabondcaleb8915]

No, the DAD got the credit card, died, and his KIDS inherited the debt!

[@CarlitosMayo]

Sorry, but that geen energy talk is bullocks. Look at Germany. Lots of green energy and the highest energy prices in Europe. Looks like Paul ist living in his own ivory tower.

[@minshum]

Raoul Pal

[@emiliokalmera3700]

Can you explain that as my understanding is that Germany has many individuals as prosumers which have caused another problem.

[@coldlogiccrusader365]

EXACTLY! Solar Panels Only convert Visible Light to Electricity, not any of the other radiation (Microwave, Radio, X-Ray etc), we get from the Sun. We receive 15 Watts / Square-Foot of Visible Sunlight on the surface of the earth. The most efficient Solar Panels are no more than 20% efficient. In other words, for every 15 watts of light, they produce .2 x 15 or 3 watts per square foot. Hence, I need 25 Square feet of Panel simply to power a 75 watt light bulb. To replace Oil & Coal fired power plants with Solar would require half the land mass of the US to be covered in panels. We need to produce more than we use during the day & store it so that we can run our 7x24 economy both day & night

[@markdownton3185]

He said 20 years to be fair

[@DeepDiveNFT]

Exactly! I call bs on that as well and if there is a chart that shows price parity of renewable energy & natural gas, then please share it!

[@christophermullins7163]

Can confirm that the title is not clickbait.

[@walterwojton]

In the 40's, the currency was actually money (an asset of gold or silver). Now, it's inherently worthless and not redeemable. Enormous difference. It is this con game that makes all of our current insanity possible.

[@boggy7665]

Hard money systems have difficulties also... look at the periodic panics from 1933 & prior that resulted in vanishing bank balances for the unlucky depositors & huge contractions in economic activity.

[@thorragnarok2861]

Gold is heavy...ever carried a couple grand worth in ur pocket? Better hope ur pockets dont have holes 😅

[@mesparzajr]

And worst part is no one cares. The world will burn vi inflation and everyone will still focus on blaming the puppet politicians who are selected into their positions every 4 years

[@lukaszsolecki3530]

Hi both. I'm the long time listener and I do appreciate the knowledge that you are sharing on this channel. Despite the fact that I do agree with Raul about many things when it comes to economic situation in the world. I must say that when it comes to energy( and his outlook that the price per unit will reduce)I cannot see how the price per unit of energy goes down- not in the next decade. Leaving in the UK consumers experience rise in price per unit off energy and that applies to both private and commercial sektor. Therefore I see the opposite I see reduction in GDP growth because the costs of energy are high.

[@turrafirmaguitarchannel]

There might be several more years of high energy prices but the bigger trend is energy towards zero cost via solar and storage. The sun’s energy is free and limitless. That’s just a fact.

[@davidmilton9616]

not buying the green energy promo

[@Chris00006]

Solar/battery is already the cheapest energy source available on the planet and will continue to get cheaper. It's not a promo, it's basic math.

[@andrewkent4913]

I understand set up costs make sense for companies thensekves to implement. The moot point is a prevailing societal exploitation mindset. Even though infrastructure is relatively low for green energy, my skeptical side foresees companies still overcharging customers for energy with the argument it is needed for upkeep (history suggests upkeep by companies tends to be pretty poor, they are happy to install but not so good at upkeep or updating infrastructure - profit is always prioritised over service it seems). Quintessentially we will all be greenwashed into the next century by the very same people who bankrolled the current energy provisions. I hope for humanities sake I am wrong on this, but feel it is something of a fait accompli. If anything conceptualisation of green energy from as far back from the 1980s has seen the slowest growth and implementation because it served no interest to the status quo for the current energy providers who are now the biggest investors in green energy now the climate no pun intended suits them.

[@MtnMichael88]

What??? We should always try and reduce our footprint and cut emissions obviously. Whats the purpose of your statement?

[@JaredHinton-z6b]

I believe as the debt grows, assets must continue to go up in value thus they will tax the heck out of over inflated assets to pay debt. But the government will keep spending.

[@hOtneO]

Weimar Germany homeowners were giving their houses away just to get away from paying the government taxes.

[@commonsnapper5722]

He is full of it, fracking for oil and gas will lower energy cost. Wind and solar are not cost effective alternatives.

[@DanV18821]

Rubbish. Do your research.

[@TheInternetComplaintDepartment]

Tom you need to speak with Professor Mark Warner about the way banks in the US and UK create money 💰

[@RWROW]

The insane growth in tthe price of gold is probably the most direct comment on the future value of fiat currency

[@markdownton3185]

It's actually demonstrating clearly the collapsing purchasing power of fiat

[@mylesworster3707]

And now we see why usury is a sin.

[@xtremelifefitness9524]

a certain artist tried to warn us

[@JubalReyezz]

Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.

[@JubalReyezz]

Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.

[@afawegzcasdge1270]

I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate

[@afawegzcasdge1270]

Will it require up to $200k for startup ?

[@JubalReyezz]

Going into crypto doesn't mean you buy that much. You can start with little, invest it and watch it grow to generate profits that's how I have grown my net worth.

[@JubalReyezz]

And again stock and real estate require much to start and a longer time to profit from it

[@user-pb1bb4zd7g]

Interesting theory. Maybe it’s a special situation in Germany. But our energy cost is as high as it gets. The green energy sector can’t nearly produce enough. And when we have a very windy sunshine day, we produce to much energy, so we have to pay our neighbors to take our excess. And I don’t know about the stimulus Raoul is talking about. Haven’t seen any.

[@drudini5812]

The way we measure gdp is ridiculous anyways.. all "growth" should have debt/inflation rate subtracted from it to give you a semi accurate number. As in we've been in a depression for years

[@markdownton3185]

You seem to be overlooking the fact that green energy requires a lot of fossil fuels and rare earth minerals to produce

[@drmarkflies]

Fascinating. If we get fusion to work, we exponentially decrease the cost of energy per unit of GDP. And the debt diminishes exponentially also. Brilliant!

[@boggy7665]

Economically viable fusion is 50 years away... and always has been and always will be.

[@adowdell]

The problem is that inflating the money supply by definition requires additional interest to be paid because the new dollars come into existence through additional debt...

[@deannahouston8801]

Love you two discussing together !

[@thinkrichlivefree]

"Wow! This video offers such a deep dive into the global economic challenges. The comparison between personal debt and government debt is mind-blowing. Thank you for explaining complex topics so clearly!"

[@DShaw1776]

Yes he is exactly correct 👍!! We will have too crash & burn a little before we can start back financially

[@davidalbright3096]

War causes depopulation, which causes “demand destruction “. Reduced demand, reduces prices

[@Jakethebeard]

Repost or no?

[@budstep7361]

5:20 it appears that Tom forgets the govt has a monopoly on violinz, so we all know who will be taking the loss… your humble taxpayer 😎

[@sean27972]

2/10yr has flipped. Its done by mid next year. ALL over. Collapse…DEPRESSION

[@LJ-jj5vn]

Interesting take on things

[@ozwasp]

He's wrong. They had a similar theory back in the 60s with nuclear power creating free energy

[@Chris00006]

The sun is a nuclear reactor in the sky. Energy will be nearly free and necessary to progress civilization.

[@TheInternetComplaintDepartment]

Even if it was free, they'd still put a meter on it

[@Chris00006]

@@TheInternetComplaintDepartment Yes, but it will be marginal like water eventually.

[@TheInternetComplaintDepartment]

@@Chris00006 Where is this talking point coming from?

[@sunlee3555]

Im not saying Raul is 100% righr but Its shortsighted to compare the 60s and now. The technological advancement in the last 50 years alone has been exponential. Nothing says it wont be more exponential from now on

[@gregpowers138]

I think the blessing in disguise is that high cost of living will keep families together.

[@mandypants226]

Government debt is just a private asset. Every dollar the government is in debt represents money not taxed out of the system. Therefore, if you don’t want the government in debt, then you want the government to tax the people holding the surplus money. The only limit to government spending is inflation. Meaning it doesn’t matter how much money you give to people if they can’t buy actual goods or services in the economy. If there is no food it doesn’t matter if I give you money to buy food.

[@cathypaz3555]

Great Interview.

[@Larame-2]

Thank you TB

[@HeadHunchoNero]

if el salvador can find a way to pay back debt so can the US

[@liljon2000]

facts

[@horacioaguilera1817]

It's a little hard to make a comparison between a small country with a very different culture and social life to one that reigns supreme in the world and has ×20 o more the size of a smaller country with lots of different cultures...

[@markanthony2133]

Thank you for selling me opus clips in the middle of your discussion

[@mrwillis5339]

I came up with this analogy years ago. A casino where western governments gamble other people's money every night, they take home a small amount, each night the house puts new chips on the table.

[@VioNectro]

You don’t need green energy, you just need energy period

[@Screw_This]

Unless you can switch propaganda gears and call nuclear energy, especially thorium, 'green', this guy is living in fantasy land of cheap 'green' energy.

[@evanwellemeyer1964]

Isn’t AI going to exponentially increase its use of energy to sustain itself? How then will AI make energy less expensive for PEOPLE…?

[@290revolver290]

This is why the tech corporations in the US now own nuclear plants all over the US. Fix energy, you become King 👑

[@jaafarasri5256]

This guy predicted in 2022 with very strong conviction that Bitcoin would hit $100,000 before the end of 2022. Keep listing to him!

[@SuperSkandale]

They are not putting their debt on a credit card and then using a new credit card to pay of the old and giving it to their dad to worry about. They are doing that and giving the credit card to their kids and say "you worry about it".

[@Jade.123]

This would be easy to fix if people were able to work together and get along

[@dennycain1932]

More like giving the credit card bill to your kid to pay off but they haven't entered the workforce yet all while it continues to rack up interest. Get to work Jr.

[@curtiselmore727]

18:55 choose "this evil or that evil" is not a good strategy

[@jackieow]

There's no reason why we can't dance as the Titanic is sinking. Why should I care if a loaf of bread costs $54,876,412?

[@glorgau]

You got it on sale?

[@jackieow]

@@glorgau For you, a special offer. Only $53,876,412 per loaf.

[@BradThomas]

I’m happy to play the violin 😎

[@a_sher1775]

Lol, love it. Hold on let me grab my violin…

[@anthonybates8568]

The amount of mind games that are played on the people of this Business/Country are completely ridiculous. Smh 🤨😒

[@gregmiller8284]

He's wrong about green energy. Fossil fuels may decrease in production, but it will be advanced nuclear and deep geothermal that does the heavy lifting.

[@lukaszsolecki3530]

Agree in principle. If only the UK and other governments in Europe come to their senses and start building the required infrastructure

[@anthonyroberts7641]

True, green energy has very low energy density compared to fossil, let alone nuclear. Using green energy for example to smelt steel that is needed for windmills is basically un-viable.

[@boggy7665]

@@anthonyroberts7641 Right... the energy itself is free, getting it is extremely expensive, especially in terms of fossil resources required to produce, install, and maintain the equipment. As the price of fossil resources goes up, so does the price of renewables.

[@dennisobrien3133]

The idea that we are applying a made up value to primarily products is absurd. The productivity as one often says is counterintuitive. Unless we can produce a world where our rejuvenation outpaces our waste we are bumbling. All this language around debt and GDP is a moment. What we seem to ignore is that our model of functioning has us accumulating plastics in our organs and toxins in our blood. We need to literally freeze and minimize consumption while coordinating solutions with are allies to solve energy. You can’t eat up that which took 4.5 billion years to create and get out unscathed. We are doomed if we keep this up and we know it. We are weak cause we can’t give up anything and so we keep sucking from a dry nipple and taking the last of its offerings. This is the human condition being confronted and our response is unmotivated.

[@alexrichards24]

I agree that the cost of energy per unit of GDP has been falling over time and will continue to fall, but 1 input that is being used in solar panels (plus batteries and other technological wizardry) is silver. Demand for silver is tipped to increase dramatically, well and truly beyond what we can produce economically, which means the price of silver will need to rise dramatically to justify mining these less economical silver deposits, unless they can find a viable alternative to silver (none on the horizon).

[@silent6142]

The UK has just removed winter fuel allowance for pensioners unless you are already on a benefit.

[@zulustu8214]

Lower rates will make the problem even worse

[@KevinSolway]

If the unit cost per unit of electricity generation is coming down then why is the cost of electricity increasing rapidly? I don't buy that the cost of electricity generation is coming down.

[@raycecil4643]

Imagine what would happen if EVERY citizen just got themselves out of debt. What would that do?

[@bobbyisenhour5817]

Nothing they’d just go back in debt

[@MarkusLuther-o6v]

If they want low energy cost, why don't they remove taxes on it.

[@DirtyWaterDegen]

What year is this from?

[@mattolivier1835]

The govt should stop paying its debt!

[@CowPokeCash]

Its a catch22 situation. Nuburu is a good example. Faster production and energy saving technology in photonics but costly to spin up and a shortage of people willing to fund the technology. Because todays market is more about looting companies, people can't afford to invest.

[@JT-ld5kh]

But... "HoW's yOuR cReDiT ScOrE?"

[@thorragnarok2861]

Blue Bilyeu ❤

[@blade20001]

The 1% have most of the money in the country and they could be careless, that's the problem.

[@keithpeterson9560]

So I want you to think about this; If I create as an example “value” let’s say a product, if I barter this product I trade for something of equal value in theory. Those products and that exchange is GDP. If a population of people form what we will call a government and allow a representative to be a third party and said party then creates a piece of paper that represents that “time” for the created value, does it mean the value never happened? Printing the representation of the value and then creating the value is still GDP, isn’t it? Something to think about. Currency is that, the grease that keeps an economy wheel spinning.

[@keithpeterson9560]

You can say the money is printed out of thin air and it is fiat, but if an entity drills oil from the ground and then exchanges it for this representation medium we will call currency is there not a created tangible thing that has Value?

[@donkeybus]

Money isnt the grease, its a proxy for value. When you make more money without making more value, the value of individual dollars decreases. Gdp is measured on dollars.... If I have a 10 mile commute, and the gov decides that new miles are 10% shorter than old miles, my commute doesnt get shorter.... When you drill for oil (or make any transaction in an efficient market) you create value, but when the debt/money supply increases faster than the increase in value (like for the past few decades), we get inflation

[@donkeybus]

​@@keithpeterson9560yes, there is value "created" the problem occurs when the increasing supply of dollars outpaces the increasing in value produced. This is why some people think ai will solve this (increased productivity, similar to finding more oil, finding more productivity outpacing increased debt/spending)

[@keithpeterson9560]

@@donkeybus It seems you did not really hear what I was trying to convey.

[@donkeybus]

@@keithpeterson9560 it seems so, can you clarify what I missed? "Is there not created a tangible thing that has value" are you saying that the currency has value in itself?

[@maxwellbearclark]

Get Dr. Richard Warner on the show

[@Ramiromasters]

The debt is nothing but investments that investors are cashing in. There may be a few pennies for retirement funds, but the piles of cash are just for the 1% extra money. So, eliminating the fictional debt with its fictional interest is what is needed. Instead, the oligarchs want to keep accumulating numbers and then die and then us will live with the consequences and the guilt of having bought into the idea that a casino world was the most mature and sensible approach to live our lives...

[@Raj_1201]

Repost or new video?

[@gregamerica9067]

the government finances are not similar to a families finances. As soon as you make that analogy you go down a road that is flawed.

[@ExecutiveZombie]

Our economy is toast! A redistribution and reevaluation of all monies, government and tax laws is required.

[@glorgau]

The "solution" once again will be "lower the rates!"

[@seyedmhosseini5890]

Is it a credible strategy to cancel US debt obligation to countries (e.g. China) that we deem enemies due to war (self created or otherwise) without affecting credit rating???

[@CowPokeCash]

I think bitcoin is too old to be useful because it is dependent on encryption and quantum photonics is already blooming which breaks bitcoin. Electronics will be replaced by photonics.

[@roberthakker5456]

Mr. Raoul Pal stated he does like not geopolitical. But globally one should consider the WWIII or Civil WII factor when Federal and States default on debt, and America's States giving the middle finger to the Federal GOPHERMEN by splitting the union (like every republic has done in history). Then we start from there. I like to add all the claims of the USD crashing is a bit naive. Just look at it. Many nations' currencies will fall before the USD because it's still the most accepted in the world. It'll be a few years before worry over the USD sets in.

[@mysticseer19]

True that!

[@eddiesalinas5191]

"HERE COMES THE GREAT RE-SET!" - 10-24-24

[@antewehlen4236]

Raoul, when is the banana zone coming, man? All year we've heard election year, ETfs, halving, Uptober, Q4 will be crazy, rate cuts, golden crosses, rare signals, god candles etc and yet we've seen nothing! October is almost over - a shitty so-called Uptober and a shitty start of Q4 and only about 2 weeks from election and yet the price is still dormant. This time IS different. Wars, high inflation, retail is dead broke. And crypto almost never responds to good news anymore.

[@DeepDiveNFT]

Raul is a jokester tbh. He thinks inflation isn’t a problem and completely ignores the drop in living standards for the average person! I want to see this chart that shows renewable energy reaching price parity with natural gas! I’m calling his bluff.

[@LajuanaBryand]

I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@erickieffer4639]

Watermelon party ideals. Green on the outside and red on the inside.

[@jackieow]

And when the cost of energy goes to zero, what is available for the next stupid pet trick?

[@flyingsnow311]

Under that circumstances everybody doing hatd work for little money is totally fooled.

[@Jade.123]

Dad has too many baby moms and wasn’t honest about his habits

[@66el]

How about the public getting 2% interest!

[@LamontAdair]

The strategy is the bitcoin dollar or inflate the debt away

[@nikolaybonapartov7379]

Judging by your silly thumbnails we're screwed anyway.

[@tsechejak7598]

“Trust the constant gardners and don’t worry if you have nohoice but appease their unlimited degree of immortality and corruption.” To hell with them! “Live not by lies!”

[@jimbojones8713]

None of this shit matters, money and debt is a construct (only enforcement/force makes it matter).

[@ardenbowman4489]

NO ELECTRIC ENERGY IS GROWING BY LEAPS AND BOUNDS,GERMANY UPED THERE COST FOR ELECTRIC BY 800%,BETTER CK YOUR NOTES

[@budstep7361]

4:45 it works as long as you’re okay with perpetual destruction of real wealth and assets!

[@FEJK82]

Green energy efficiency is a joke. You want cheaper energy, drill & mine.

[@jeran881]

Let me ask this. What do you think the economy would look like, without the government propping it up?

[@Digitaldna7]

This is an old video from the last crypto bubble right before the crash!

[@SportsIncorporated]

OK. The US immigration I've heard recently is greater than the 11 million people in Georgia. We've added more than another Georgia. Maybe 14 million immigrants. And more people per goods is a recipe for inflation. Isn't that what happened with Canadian real estate. I thought not all countries can come up with the raw materials needed to make a green energy transition. The US can, others can't. If everyone is after the same raw materials doesn't that raise the price of producing green energy. If US oil is bottle up in the US by decree, that might reduce the cost of energy in the US. Raise it elsewhere. AI definitely makes me more productive, but puts others out of work. In the US we're producing enough that we are a net exporter of oil*. With geothermal all the cost is upfront. Same with green energy. Europe is decarbonizing how? They can get solar from northern Africa. They can get nuclear. But are they getting nuclear. Does Europe have the geography to produce solar energy. How much of Europe can produce wind energy. I actually have maps showing where wind and solar is efficient. I checked the maps. Europe does not get solar. There are pockets of wind energy in Europe. Yeah, if we're living in an exponential age where we get fusion power and where additive printing can print atoms,... All our problems are solved. And we erect a Ray Kurzweil statue. * down the road with lack of investment in oil, it might become expensive About getting all the raw materials need for an energy transition. We don't expand mining that fast. (Edit: I listened to a speaker some year back. He said an energy transition might take 70 years. That's not calculated from this moment going forward. )

[@DeborahMzDivine]

WE pay for it...TAXES!!!!

[@spatyo]

Tom, posting clips that are over a year old without a notice is seriously annoying. It’s not a great look, and you will lose listeners this way.

[@cheesecake7671]

The savers will pay the debt via monetary expansion to the benefit of the debt holders.

[@Bonkers1980]

How old is this?

[@haroldgilbert6707]

Google how tall a trillion $ bills is -- 67000 Miles. we are near 36-37 trillion debt 🤷‍♂️

[@lizkeith1356]

keep cash and say no to any form of digital currency.

[@SAGGYASSASSIN]

This is the exact opposite of what you should do, cash is inflating away, buy and hold the hardest currency there is.. bitcoin

[@nigelw598]

@@SAGGYASSASSIN What do you think of XRP? Cheers

[@SAGGYASSASSIN]

@@nigelw598 will likely be used as a cbdc, so not a fan

[@mrwillis5339]

I massively disagree with Raoul on his energy take. Purely based upon a scientific perspective. Am putting aside "climate change". The simple fact is that none of the alternative energy approaches are scalable. A completely new energy conversion mechanism must be created. The current crop of renewables are great locally but don't solve the problem he believes they will. Am highly doubtful Raoul looks into total energy cost of the lifecycle of different energy sources and their efficacy. Raoul is a narrative and evolution based analyst. He looks at where something was and how it developed into something else. Bitcoin was disruptive, it didn't evolve through trial and error. It just became. For this reason, am very cynical of his approach. Despite completely agreeing that burning fossil fuels is vulgar. I would happily debate Raoul on this and he wouldn't have the answers. Effectively, Raoul is a systems based economist but sometimes hubs appear that are disruptors. In no way am I slating Raoul but it is so flawed and I could sense Tom's consternation at this.

[@theaverageguy3884]

Buy #Gold and #Silver to protect you'r welth. Not a financial advice 🙏

[@theaverageguy3884]

Just like Robert.K and many others say. They simply just kick the can down the road.

[@lucymartinez3246]

Wow very controversial Topic. 😮