Hey, everyone. Welcome back to the What Is Money Show. I am thrilled and honored today to be sitting down with Mr. Raoul Pal. Raul, welcome to the show.

Great to see you, my friend. It's been a long time, but it's good. It's been a while. It. Great to see you, my friend.

It's been a long time, but it's good.

It's been a while.

It's great to see you again.

And as we're just talking offline, it seems like you may have found the golden thread

that connects this whole history of human action and unintended consequences, perhaps?

Yeah, and it's all about money.

It's all about people.

It's about society.

It's about why did we get to where we are, where we're going.

It's everything.

And it's something that I, it took me years to realize. I mean,

I've been in this business for 30 years. And I was always focusing on bits of the big story

and never asking, well, why did it get there? And then when you ask that, it takes you back further in the story.

And then you go, well, why do we get there?

And then before you know it, this whole thing pans out.

And you're like, oh, my God, you just don't realize the law of unintended consequences

and how the big they can be.

And most of the time, we like to blame politicians, but most of the time, we're all to

blame.

Right.

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