Peter Schiff vs Raoul Pal Debate: Bitcoin Going To $0 or $1 Million & A Great Depression Coming? PT 2

Tom Bilyeu's Impact Theory

Impact Theory

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🗓️ 13 March 2024

⏱️ 93 minutes

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Summary

Welcome back to part 2 of this power-packed debate with Peter Schiff and Raoul Pal! The discussion continues as we dive deeper into: - The growing national debt and potential hyperinflation - Historical patterns of financial repression - Blockchain technology and digital asset utilization - The future of Social Security You won’t want to miss out on the final part of this hot debate between Raoul Pal and Peter Schiff. And if you're loving the Impact Theory Podcast, please take a moment to leave us a review or rate the show. Your feedback is incredibly valuable! 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 Peter Schiff: Website: https://schiffradio.com/ X: https://twitter.com/PeterSchiff YouTube: https://www.youtube.com/@peterschiff/featured Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: If you purchase an item using these affiliate links, Impact Theory may receive a commission. Sign up for a one-dollar-per-month trial period at https://shopify.com/impact now to grow your business – no matter what stage you’re in. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. ButcherBox is offering our listeners 3 lbs of chicken thighs, 2 lbs of ground beef, or 1 lb of premium steak tips — for free in every order for a whole year, plus, get $20 off your first order at https://butcherbox.com/impact and use code IMPACT to choose your free offer and get $20 off. Head to https://squarespace.com/impact for a free 14 day trial and 10% off your first purchase of a website or domain. 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. 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. ***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. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****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

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0:00.0	Welcome back for part two of the crypto debate with Raal Paul and Peter Schiff.
0:06.1	I just want to plant flags in world views here for everybody tracking this.
0:10.8	So, Peter, the way that I read where you're coming from is there is a safety measure that you put in when evaluating an asset, whether it has, if it's a dividend-paying
0:23.1	stock that has a real profitable business behind it, there's a level of safety there that you
0:28.4	can count on that it's going to pay out. When things are potentially bubbles, you're certainly
0:32.5	going to avoid that. Real assets are going to get a real good look from you. There's something
0:37.0	physical,
0:43.5	something tangible about it. Gold as a world currency, that feels good because if the dollar hyperinflated or whatever, you have an alternative place to go. That all makes sense whether
0:50.3	people agree with it or not. There's at least an internal worldview that I can track. Everything that you're saying about integrity, again, whether people agree with it or not, there's at least an internal worldview that I can track.
0:54.6	Everything that you're saying about integrity, again, whether people agree with that or not,
0:59.1	at least it tracks.
1:01.4	What's going on in crypto does not meet your criteria of something that you would advise
1:05.9	other people to invest in.
1:08.0	You tend not to invest in things, minus the time machine, that you would not recommend that other people invest in. You tend not to invest in things minus the time machine that you would not
1:12.7	recommend that other people invest in. You didn't say that, but I'm taking that much away.
1:18.6	So same thing with what was going on in the early.com days. There was a lot of madness happening.
1:26.4	That all tracks for me. Raoul, you see the network
1:32.1	adoption being a big part of this technology, a big part of your thesis, looking for areas of
1:39.1	volatility where you see liquidity moving into the system, you see people adopting it. Yes, there's going to be
1:47.4	high volatility, but there's some excitement to that. There's memetics, which I think is a big
1:53.5	schism between the two of you. Raoul, I know that you are very much a part of meme culture. You
1:59.5	enjoy meme culture. It's fun. And I think that
	...

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