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Tom Bilyeu's Impact Theory

America's Collapse: Raoul Pal's Warning For The Dollar, Housing Market & Upcoming Recession Pt 2

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.75.2K Ratings

🗓️ 9 June 2023

⏱️ 79 minutes

🧾️ Download transcript

Summary

In part 2 of this highly anticipated episode with Raoul Pal we explore potential breakthroughs in the tech sector which is exciting until you get into the unstoppable nature of tech powered by AI models that both help and jeopardize humans in a crazy way.  Raoul Pal is one of the most successful former hedge fund managers and one of the most brilliant thought leaders that understands both how to navigate and explain the complexities of the global financial markets in a digestible way we can all comprehend. “In my lifetime there's a 20 or 30 year period which might be a truly extraordinary moment, […] the issue is, we can't see through the other side of it, and that's terrifying.” -Raoul Pal Do not take this matter lightly. Facing these difficult conversations head on is a must to stay informed and prepared to take necessary action. Do your research and learn what you can to see what’s coming and protect yourself. Raoul’s Insights: “The thing that's actually driving the S&P 500 is the Fed balance sheet. It's not companies.” “Once you digitize things the cost goes to zero” “Most governments in the end try to help the people, but will also abuse them in the process.” Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI  LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/  YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A  SPONSORS: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact. Get $300 into your brokerage account when you invest $5k within your first 90 days by going to https://bit.ly/FacetImpact. Head to www.insidetracker.com and use code “IMPACTTHEORY” to get 20% off! Sign up for a one-dollar-per-month trial period at https://bit.ly/ShopifyImpact. Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.  This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes  Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

What's up guys? I'm super excited to deliver part two of this highly anticipated conversation with Rao Paul.

0:06.7

In this episode, we're unpacking the impact of a declining global population and how that might be offset by AI and machines.

0:15.8

Rao and I do not see eye to eye on everything in this episode, but you guys and the market get to be the ultimate

0:21.0

arbiter of whether this incredibly transitional time is going to play out smoothly or chaotically.

0:28.4

So buckle up for this one.

0:29.9

It is an incredible ride.

0:32.3

On a side note, we've launched our exclusive Impact Theory subscription that lets you listen

0:36.3

completely ad-free.

0:37.8

We've also curated amazing playlist on topics like health, mindset, business, and

0:42.6

relationships. So do not miss out. Click through the show notes to subscribe on Apple Podcasts

0:47.8

or Supercast for other platforms. I'm Tom Bill you and welcome to Impact Theory.

0:53.4

So help me understand why didn't the internet,

0:58.1

which still to me feels like a productivity, productivity miracle, why didn't that change all of

1:06.7

this? Why isn't it already the lily pad that you believe the exponential age is going to be?

1:14.2

So I think, because it replaced jobs.

1:22.9

You don't think AI is going to replace jobs? Yes, I do. But I think the productivity trend is a

1:31.7

function of demographics as well. And I don't fully understand why the internet didn't do that,

1:38.9

but it also hold out manufacturing jobs. So there was a balance on aggregate what happened within the economy.

1:46.0

So I'm thinking it's on aggregate, it wasn't enough to offset these mega trends that we talked

1:50.8

about that were driven by the demographics and the debt and the globalization. So I'm thinking

1:55.7

it's that. And so we have to have an accelerant because technology growth is not enough to offset demographic issues.

2:05.6

And that's what I'm thinking it probably is.

...

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