The Realities of Money, AI, and the 2024 Recession | Raoul Pal PT 1

Tom Bilyeu's Impact Theory

Impact Theory

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4.7 • 5.1K Ratings

🗓️ 25 July 2024

⏱️ 97 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us? 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. In today’s power-packed episode, we go deep into crypto, AI, and the future of technology and the economy. 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 Raoul takes us through the complexities of the current economic system, how companies operate during downturns, his predictions for the coming economic cycles and housing markets, and why investing in technologies and cryptocurrencies may be the saving grace in this tumultuous economic construct. SHOW NOTES [0:00] The secular trend within the cyclical trend [38:10] How money becomes worthless [1:10:01] Recession is already here [1:50:22] Population collapse problem [2:21:36] The AI takeover is here [2:47:56] Assets outside of fake money CHECK OUT OUR SPONSORS Go to impacttheory.co/shopifypodJuly24 right now and sign up for a $1 per month trial. Explore the Range Rover Sport at https://www.LandRoverUSA.com Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at impacttheory.co/AG1pod. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to impacttheory.co/aurapod to start your free two-week trial. Go to impacttheory.co/quickbookspod below to get 50% off 3 months of Quickbooks Payroll! Follow Raoul Pal: Website: https://www.realvision.com/ Twitter: twitter.com / raoulgmi LinkedIn: linkedin.com/u/ raoul-pal-real-vision YouTube: https://www.youtube.com/@RealVisionFi... FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back to Impact Theory. Today we're diving into some seriously fascinating stuff with the one and only Raul.
0:07.0	If you've ever wondered how historical cycles, economic warfare, and cutting edge technology shape our world you're in for a treat.
0:16.1	We're talking about everything from the potential rise of the cryptocurrency market to the psychology
0:21.3	of money, why people save or spend the way they do, and how AI might completely
0:27.1	change the game when it comes to productivity and our daily routines.
0:30.9	If you're ready to understand how to navigate the complex web of our
0:34.0	modern financial system and with the future of technology holds, then join me
0:38.5	today with Raoul Paul.
0:39.9	So Ray is just like look backwards, last 500 years of history, every time you've gotten to this point where you're gliding,
0:47.0	it always ends with either economic war or actual hot weaponry war and you need this level of trauma
0:57.7	so that people will finally go fine
1:00.4	Everything that I owed I'm just gonna let go go of it, whatever. It is what it is. I just want peace.
1:06.0	And so you get this complete upending of everything. We reset, we go back to zero, but we do it in the most grueling brutal sacrificial way possible
1:15.5	and I hear this a lot from people like oh this all rebalanced in a hundred years
1:19.5	sure but that is cold comfort to millennials who could never buy a house right like so
1:27.4	yes but this is where the fourth turning comes to me right I think we are at economic warfare. Everybody needs an enemy.
1:36.1	So we've decided that China, Russian, whoever we want to be our enemy is our enemy.
1:40.4	So we are economic warfare for the share of the pie. But the world is not, it's not actually a fixed pie. There's an abundance. And that abundance is the other economic warfare which is technology but that's happening at a massive
1:55.1	scale and it's going into space it's going everywhere so we've got physical kind of
2:00.9	warfare economic warfare over technology, which is what Taiwan is all about.
2:06.8	They own the secret code, which is the ability to produce computer chips in ways that nobody else can replicate.
2:17.0	So there's that.
	...

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