Are We The Brink of Collapse? - Truth About Money, AI, Elon Musk & The 2024 Recession | Raoul Pal

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 2 February 2024

⏱️ 199 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In today’s episode, Raoul Pal and I go deep into crypto, AI, and the future of technology and the economy. Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected. We touch on: The impact of the debt cycle and hyperinflation Potential breakthroughs in the tech sector The unstoppable nature of technology marked by AI models The natural cycle of recessions What kind of economic threat A.I. could be to the global economy How productivity advancements will save the system Quantitative tightening & debasement Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of this convo for even more wisdom from Raoul Pal. 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/@RealVisionFinance/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Try Audible free for 30 days! Just visit https://audible.com/impacttheory or text impacttheory to 500-500. ButcherBox is offering our listeners their choice of meat—2 lbs of ground beef, 3 lbs of chicken breasts, or 2 lbs of salmon—for free in every order for a whole year! Plus, get $20 off your first order.Sign up today at https://butcherbox.com/impact Take control of your finances and get an extended thirty-day free trial when you go to https://monarchmoney.com/impact. Try amazing skincare using code IMPACT15 when you checkout at https://oneskin.co and get 15% off your first purchase Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Go to https://tryfuture.co/IMPACT to get 50% off your first month and improve your health today! Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Ray is just like, look backwards, last 500 years of history.
0:04.0	Every time you've gotten to this point where you're gliding, it always ends with either
0:10.3	economic war or actual hot weaponry war.
0:14.2	And you need this level of trauma so that people will finally go, fine, everything that I owed, I'm just going to let go of it,
0:22.5	whatever. It is what it is. I just want peace. And so you get this complete upending of everything.
0:28.8	We reset. We go back to zero. But we do it in the most grueling, brutal, sacrificial way
0:34.6	possible. I hear this a lot from people like, oh, this all rebalanced in
0:38.7	100 years. Sure, but that is cold comfort to millennials who could never buy a house, right?
0:44.9	Like, yes, but this is where the fourth turning comes to me, right? I think we are at economic
0:52.9	warfare. Everybody needs an enemy. So we've decided
0:56.9	that China, Russian, whoever we want to be our enemy is our enemy. So we are economic warfare
1:02.4	for the share of the pie. But the world is not, it's not actually a fixed pie. There's
1:08.1	an abundance. And that abundance is the other economic warfare, which is technology. That's happening at a fixed pie. There's an abundance. And that abundance is the other economic warfare,
1:11.6	which is technology. That's happening at a massive scale. And it's going into space. It's
1:17.5	going everywhere. So we've got physical kind of warfare, economic warfare over technology,
1:24.4	which is what Taiwan is all about. They own the secret code, which is the
1:29.4	ability to produce computer chips in ways that nobody else can replicate. So there's that.
1:38.9	And then we are at war with each other as the population is split and wants to blame each other
1:47.1	but what has happened when in fact it was actually the baby boomers that actually caused
1:51.8	the problem in the first place.
1:53.0	The people caused the problems of the people.
1:55.5	In fairness, it was the greatest generation that had all the sex that gets birth to the baby boomers
	...

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