The Social & Economic Impact of Coronavirus with Raoul Pal - WBD207
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 27 March 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
Location: Skype Date: Thursday, 26th March Project: Real Vision Role: Co-Founder & CEO
The coronavirus pandemic has led to a global economic crisis. With the movement of people heavily restricted, businesses forced to close and supply chains disrupted.
Stock markets around the world have crashed, leading many to question if the restrictive measures to limit the spread of the virus are worth the economic impact. Donald Trump has stated that the "cure" cannot be worse than the "problem".
To fight the recession and help those in need, most major economies, including the US, UK, Canada and Germany, have announced unprecedented economic stimulus packages to support the economy and those out of work.
The severity and duration of the impact coronavirus will have on the economy is almost impossible to predict; however, this event will likely alter the world forever.
In this interview, I talk to Raoul Pal co-founder & CEO of Real Vision and macroeconomist. We discuss the political and economic impact of coronavirus, the role of the state and the societal change that will occur.
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Transcript
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| 0:00.0 | Welcome to the What Bit Bitcoin did podcast. |
| 0:05.0 | Hello there from Bedford, how are you all? |
| 0:09.0 | How are you all coping with the lockdown and all this craziness that's going on in the world right now. |
| 0:15.0 | This is a little bit unscripted. |
| 0:17.0 | I just wanted to say something before the show starts. |
| 0:20.2 | I myself living through what is unprecedented, I think is |
| 0:24.4 | is unprecedented really for any of us who were born after the war who didn't live |
| 0:28.8 | through any wartime. |
| 0:30.2 | These are very strange times and the impact on the global economy is going to be felt for a long time by a lot of people. |
| 0:37.0 | So listen I just want to say I hope you're all doing well out there. I know there are people who are scared or angry who are confused. I just hope everyone is doing |
| 0:46.2 | well. I hope you're keeping safe, both and healthy, both physically and mentally. |
| 0:52.4 | And yes, if anyone wants to reach out |
| 0:54.9 | anyone wants something to talk to I'm always here if I can help anyone through this |
| 0:58.0 | time of crisis if it's someone to talk to or you know what even if you're |
| 1:01.7 | worried about your business and you I'm thinking can you |
| 1:04.7 | do anything online give me a shout I'm happy to help with ideas so yes hope you're all |
| 1:09.6 | doing well and also welcome to my show. Welcome to the What Bitcoin to |
| 1:13.4 | podcast which is brought to you by Krakan with the best place to buy |
| 1:16.6 | sell and trade Bitcoin. As you know I'm your host I'm Peter McCormack and |
| 1:20.6 | today I've got an interview with Rao Powell where we're going to discuss |
| 1:23.9 | the coronavirus impact on the global economy but before that I've got a message from |
| 1:27.9 | my show sponsors and these are just short ads today this was a short punchy |
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