We're Already In A Recession. Only Question Is, Will It Be Worse Than 2008? | Raoul Pal
1,845,579 views Jun 8, 2023
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Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers, and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets. Get ready for another mind blowing conversation around America’s collapse and the potential financial crisis that’s going to make the next 20 years intense. We go deep on this conversation discussing: The impact of the debt cycle and hyperinflation Potential breakthroughs in the tech sector The unstoppable nature of technology marked by AI models If you’re trying to figure out how to navigate this all, its safe to say that preparing for future risks and safeguarding your loved ones is the absolute bare minimum to survive the uncertainty on the rise. QUOTES: “That was the death of the American dream that happened. The American dream was you participate in the US economy, you get richer, the reality is it didn't happen.” “By every indicator I've got, we're in a recession already and it will become more abundantly clear.” “There is an understanding that the world is too much in debt and there's no way of dealing with this without us all going back into caveman times. So this is the answer.” “The thing that's actually driving the S&P 500 is the Fed balance sheet. It's not companies.” “Once you digitize things the cost goes to zero” “In my lifetime there's a 20 or 30 year period which might be a truly extraordinary moment, […] the issue is, we can't see through the other side of it, and that's terrifying.”
