118 - Raoul Pal | Should We Be Scared Right Now?
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 16 May 2022
⏱️ 90 minutes
🧾️ Download transcript
Summary
The current outlook in the markets is... shaky at best.
War in Europe. Inflation and political instability in the USA.
On top of that, Terra (UST) began its historic plummet—right in the middle of recording this episode.
Raoul Pal of RealVision returns to Bankless to synthesize the widespread chaos in the markets, and helps us figure out how to position ourselves for these wild times.
------
📣 ALCHEMIX | Get a Loan that Repays Itself!
https://bankless.cc/Alchemix
------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------
BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM
https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO
https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO
https://bankless.cc/aave
⚡️ LIDO | LIQUID ETH STAKING
https://bankless.cc/lido
🔐 LEDGER | NANO S PLUS WALLET
https://bankless.cc/Ledger
------
Topics Covered:
0:00 Intro
6:30 Not Looking Good Out There
14:00 What Goes Up…
19:49 The Macro Fundamentals
25:09 The Debt Bubble
31:29 Tech Stocks
37:30 No Safety Net
42:34 Global Concerns
47:45 UST Collapses
52:30 A Massive Meltdown
55:15 Regulation
59:30 Maturing Crypto Markets
1:05:45 What can save us?
1:12:38 More Stimulus Checks?
1:19:22 Hedging Against Inflation
1:22:00 Raoul’s Portfolio
1:26:10 Culture as an Asset Class
1:28:53 Advice for First-Timers
1:31:40 Should We Be Scared?
------
Resources:
Raoul Pal:
https://twitter.com/RaoulGMI?s=20&t=fcZpeyDaMB3GKo8aC1i4Gw
RealVision:
https://www.realvision.com/
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.4 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:14.9 | This is Ryan Chaud Adams here and I'm with David Hoffman and we're here to help you |
| 0:18.7 | become more bankless. |
| 0:20.4 | Guys, the big question on our minds, to Raoul Paul, the macro guy, the crypto investor, |
| 0:27.5 | is this, should we be scared right now, Raoul? |
| 0:30.8 | That was our question for him. |
| 0:32.4 | This is the, hold me, I'm scared episode of this. |
| 0:35.7 | It is. |
| 0:36.7 | You know, he didn't pull any punches. |
| 0:37.7 | We talked about a few things to look for. |
| 0:39.7 | Number one, all of the scary things going on in the world right now, inflation, recession, |
| 0:45.0 | China COVID, stock market, crypto prices, even UST and what's happening in the tarot ecosystem. |
| 0:52.0 | We talked about the way we're actually going to get out of this if there is a light at |
| 0:56.8 | the end of the tunnel. |
| 0:57.8 | I don't know if I should have used that phrase theology. |
| 0:59.9 | That's like when you die, right? |
| 1:01.2 | But is there some hopeful blue skies ahead? |
| 1:05.0 | That was our question for Raoul. |
| 1:06.6 | And then finally, because he is a macro investor, how is he playing the market? |
| 1:11.4 | Has he changed his crypto portfolio at all? |
| 1:13.8 | Has he traded various assets for others? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bankless, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bankless and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.