The Realities of Money, AI, and the 2024 Recession | Raoul Pal PT 2

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Impact Theory

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🗓️ 26 July 2024

⏱️ 109 minutes

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Summary

Welcome back to part 2 with Raoul Pal! 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 part two of my deep dive conversation with Raal Paul on impact theory.
0:06.0	As we journey onward we'll explore the seismic shifts and demographics, the incredible potential of AI,
0:12.0	and how technological advancements are reshaping our entire existence.
0:17.0	Rowls insights about the forthcoming economic and technological landscapes are sure to influence your thinking about the future.
0:24.7	Get ready for more groundbreaking insights here today on Impact Theory with Raoul Paul.
0:29.8	Let me make sure I'm understanding what you're saying. This is going to be very important.
0:35.0	Okay, so the, I know we're using round numbers, but this is very helpful. So worldwide GDP,
0:42.7	GDP, gross domestic product,
0:44.7	the amount of productivity.
0:46.4	So the capital that is usable effectively,
0:51.8	you have two different people that have debt in that amount, which there's no one to have
0:59.3	real money to pay the fucking thing off.
1:09.0	So if you had one person that was like, okay, we're maxed out, we're 2%, but GDP is 2%, cool, we have the path, just be frugal and you've got a path out of this. But when you have two people that owe the whole amount effectively,
1:20.9	you now go into money printing. And I mean if this works I'm actually okay with it. I know how that's going to get me lit up
1:28.5	But it so the solution here is okay okay, we have two large groups, governments, private sector,
1:36.4	which are all the groups that exist.
1:38.5	And each one of them owes the entire worldwide GDP in debt. You can't both be in that situation.
1:46.3	There's no Peter, there's no, you can't rob a Peter to pay Paul because they're both
1:51.8	in the same situation. So now the only thing left is
1:57.5	printing money devaluing everybody to get out of this situation But the way in which we do that by buying things from the
2:08.2	private sector is we're making people that hold assets wealthier,
2:13.2	we're increasing the gap between the rich and the poor
	...

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