It seems like they are both indirectly trying to convince us to go along with the program set forward by the WEF's and UN's Agenda 2030...and give in to greed.
Try explaining this to a Boomer and just watch EVERY excuse come out, including shaming you for, "Not working hard enough." I choose to opt-out of the Dollar with every paycheck via Bitcoin and Silver.
We are giving the debt to our children not your Dad. They are the ones who will suffer. Inflation will eat the world. The kids will not be able to afford anything
They already can't afford anything. Mass migration has priced them out of ever owning a home. I'm glad I never had kids, I couldn't stand to leave them with what has been created.
@@Foxengcnc i have realize that debt is the new taxation without representation. No one alive want to pay for it, so we are just taking on debt and making those who arent old enough to vote pay for it.
Sorry, but that geen energy talk is bullocks. Look at Germany. Lots of green energy and the highest energy prices in Europe. Looks like Paul ist living in his own ivory tower.
EXACTLY! Solar Panels Only convert Visible Light to Electricity, not any of the other radiation (Microwave, Radio, X-Ray etc), we get from the Sun. We receive 15 Watts / Square-Foot of Visible Sunlight on the surface of the earth. The most efficient Solar Panels are no more than 20% efficient. In other words, for every 15 watts of light, they produce .2 x 15 or 3 watts per square foot. Hence, I need 25 Square feet of Panel simply to power a 75 watt light bulb. To replace Oil & Coal fired power plants with Solar would require half the land mass of the US to be covered in panels. We need to produce more than we use during the day & store it so that we can run our 7x24 economy both day & night
In the 40's, the currency was actually money (an asset of gold or silver). Now, it's inherently worthless and not redeemable. Enormous difference. It is this con game that makes all of our current insanity possible.
Hard money systems have difficulties also... look at the periodic panics from 1933 & prior that resulted in vanishing bank balances for the unlucky depositors & huge contractions in economic activity.
And worst part is no one cares. The world will burn vi inflation and everyone will still focus on blaming the puppet politicians who are selected into their positions every 4 years
I believe as the debt grows, assets must continue to go up in value thus they will tax the heck out of over inflated assets to pay debt. But the government will keep spending.
I understand set up costs make sense for companies thensekves to implement. The moot point is a prevailing societal exploitation mindset. Even though infrastructure is relatively low for green energy, my skeptical side foresees companies still overcharging customers for energy with the argument it is needed for upkeep (history suggests upkeep by companies tends to be pretty poor, they are happy to install but not so good at upkeep or updating infrastructure - profit is always prioritised over service it seems). Quintessentially we will all be greenwashed into the next century by the very same people who bankrolled the current energy provisions. I hope for humanities sake I am wrong on this, but feel it is something of a fait accompli. If anything conceptualisation of green energy from as far back from the 1980s has seen the slowest growth and implementation because it served no interest to the status quo for the current energy providers who are now the biggest investors in green energy now the climate no pun intended suits them.
Hi both. I'm the long time listener and I do appreciate the knowledge that you are sharing on this channel. Despite the fact that I do agree with Raul about many things when it comes to economic situation in the world. I must say that when it comes to energy( and his outlook that the price per unit will reduce)I cannot see how the price per unit of energy goes down- not in the next decade. Leaving in the UK consumers experience rise in price per unit off energy and that applies to both private and commercial sektor. Therefore I see the opposite I see reduction in GDP growth because the costs of energy are high.
There might be several more years of high energy prices but the bigger trend is energy towards zero cost via solar and storage. The sun’s energy is free and limitless. That’s just a fact.
Interesting theory. Maybe it’s a special situation in Germany. But our energy cost is as high as it gets. The green energy sector can’t nearly produce enough. And when we have a very windy sunshine day, we produce to much energy, so we have to pay our neighbors to take our excess. And I don’t know about the stimulus Raoul is talking about. Haven’t seen any.
The way we measure gdp is ridiculous anyways.. all "growth" should have debt/inflation rate subtracted from it to give you a semi accurate number. As in we've been in a depression for years
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
Going into crypto doesn't mean you buy that much. You can start with little, invest it and watch it grow to generate profits that's how I have grown my net worth.
The problem is that inflating the money supply by definition requires additional interest to be paid because the new dollars come into existence through additional debt...
"Wow! This video offers such a deep dive into the global economic challenges. The comparison between personal debt and government debt is mind-blowing. Thank you for explaining complex topics so clearly!"
Fascinating. If we get fusion to work, we exponentially decrease the cost of energy per unit of GDP. And the debt diminishes exponentially also. Brilliant!
Government debt is just a private asset. Every dollar the government is in debt represents money not taxed out of the system. Therefore, if you don’t want the government in debt, then you want the government to tax the people holding the surplus money. The only limit to government spending is inflation. Meaning it doesn’t matter how much money you give to people if they can’t buy actual goods or services in the economy. If there is no food it doesn’t matter if I give you money to buy food.
Im not saying Raul is 100% righr but Its shortsighted to compare the 60s and now. The technological advancement in the last 50 years alone has been exponential. Nothing says it wont be more exponential from now on
If the unit cost per unit of electricity generation is coming down then why is the cost of electricity increasing rapidly? I don't buy that the cost of electricity generation is coming down.
It's a little hard to make a comparison between a small country with a very different culture and social life to one that reigns supreme in the world and has ×20 o more the size of a smaller country with lots of different cultures...
The idea that we are applying a made up value to primarily products is absurd. The productivity as one often says is counterintuitive. Unless we can produce a world where our rejuvenation outpaces our waste we are bumbling. All this language around debt and GDP is a moment. What we seem to ignore is that our model of functioning has us accumulating plastics in our organs and toxins in our blood. We need to literally freeze and minimize consumption while coordinating solutions with are allies to solve energy. You can’t eat up that which took 4.5 billion years to create and get out unscathed. We are doomed if we keep this up and we know it. We are weak cause we can’t give up anything and so we keep sucking from a dry nipple and taking the last of its offerings. This is the human condition being confronted and our response is unmotivated.
I agree that the cost of energy per unit of GDP has been falling over time and will continue to fall, but 1 input that is being used in solar panels (plus batteries and other technological wizardry) is silver. Demand for silver is tipped to increase dramatically, well and truly beyond what we can produce economically, which means the price of silver will need to rise dramatically to justify mining these less economical silver deposits, unless they can find a viable alternative to silver (none on the horizon).
I came up with this analogy years ago. A casino where western governments gamble other people's money every night, they take home a small amount, each night the house puts new chips on the table.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
He's wrong about green energy. Fossil fuels may decrease in production, but it will be advanced nuclear and deep geothermal that does the heavy lifting.
True, green energy has very low energy density compared to fossil, let alone nuclear. Using green energy for example to smelt steel that is needed for windmills is basically un-viable.
@@anthonyroberts7641 Right... the energy itself is free, getting it is extremely expensive, especially in terms of fossil resources required to produce, install, and maintain the equipment. As the price of fossil resources goes up, so does the price of renewables.
They are not putting their debt on a credit card and then using a new credit card to pay of the old and giving it to their dad to worry about. They are doing that and giving the credit card to their kids and say "you worry about it".
So I want you to think about this; If I create as an example “value” let’s say a product, if I barter this product I trade for something of equal value in theory. Those products and that exchange is GDP. If a population of people form what we will call a government and allow a representative to be a third party and said party then creates a piece of paper that represents that “time” for the created value, does it mean the value never happened? Printing the representation of the value and then creating the value is still GDP, isn’t it? Something to think about. Currency is that, the grease that keeps an economy wheel spinning.
You can say the money is printed out of thin air and it is fiat, but if an entity drills oil from the ground and then exchanges it for this representation medium we will call currency is there not a created tangible thing that has Value?
Money isnt the grease, its a proxy for value. When you make more money without making more value, the value of individual dollars decreases. Gdp is measured on dollars.... If I have a 10 mile commute, and the gov decides that new miles are 10% shorter than old miles, my commute doesnt get shorter.... When you drill for oil (or make any transaction in an efficient market) you create value, but when the debt/money supply increases faster than the increase in value (like for the past few decades), we get inflation
@@keithpeterson9560yes, there is value "created" the problem occurs when the increasing supply of dollars outpaces the increasing in value produced. This is why some people think ai will solve this (increased productivity, similar to finding more oil, finding more productivity outpacing increased debt/spending)
@@keithpeterson9560 it seems so, can you clarify what I missed? "Is there not created a tangible thing that has value" are you saying that the currency has value in itself?
Unless you can switch propaganda gears and call nuclear energy, especially thorium, 'green', this guy is living in fantasy land of cheap 'green' energy.
More like giving the credit card bill to your kid to pay off but they haven't entered the workforce yet all while it continues to rack up interest. Get to work Jr.
Is it a credible strategy to cancel US debt obligation to countries (e.g. China) that we deem enemies due to war (self created or otherwise) without affecting credit rating???
Its a catch22 situation. Nuburu is a good example. Faster production and energy saving technology in photonics but costly to spin up and a shortage of people willing to fund the technology. Because todays market is more about looting companies, people can't afford to invest.
I think bitcoin is too old to be useful because it is dependent on encryption and quantum photonics is already blooming which breaks bitcoin. Electronics will be replaced by photonics.
The debt is nothing but investments that investors are cashing in. There may be a few pennies for retirement funds, but the piles of cash are just for the 1% extra money. So, eliminating the fictional debt with its fictional interest is what is needed. Instead, the oligarchs want to keep accumulating numbers and then die and then us will live with the consequences and the guilt of having bought into the idea that a casino world was the most mature and sensible approach to live our lives...
Mr. Raoul Pal stated he does like not geopolitical. But globally one should consider the WWIII or Civil WII factor when Federal and States default on debt, and America's States giving the middle finger to the Federal GOPHERMEN by splitting the union (like every republic has done in history). Then we start from there. I like to add all the claims of the USD crashing is a bit naive. Just look at it. Many nations' currencies will fall before the USD because it's still the most accepted in the world. It'll be a few years before worry over the USD sets in.
Raul is a jokester tbh. He thinks inflation isn’t a problem and completely ignores the drop in living standards for the average person! I want to see this chart that shows renewable energy reaching price parity with natural gas! I’m calling his bluff.
Raoul, when is the banana zone coming, man? All year we've heard election year, ETfs, halving, Uptober, Q4 will be crazy, rate cuts, golden crosses, rare signals, god candles etc and yet we've seen nothing! October is almost over - a shitty so-called Uptober and a shitty start of Q4 and only about 2 weeks from election and yet the price is still dormant. This time IS different. Wars, high inflation, retail is dead broke. And crypto almost never responds to good news anymore.
“Trust the constant gardners and don’t worry if you have nohoice but appease their unlimited degree of immortality and corruption.” To hell with them! “Live not by lies!”
![Stromae, Pomme - “Ma Meilleure Ennemie” (from Arcane Season 2) [Official Visualizer]](http://i.ytimg.com/vi/1F3OGIFnW1k/mqdefault.jpg)
The debt will not be payed by "dad". The money is being spent and the debt incurred by dad and passed on to the kids.
Exactly. The comment I wrote saying this was deleted.
It seems like they are both indirectly trying to convince us to go along with the program set forward by the WEF's and UN's Agenda 2030...and give in to greed.
Kids aren't paying anything. The government is your dad, as you do what they tell you to do.
Try explaining this to a Boomer and just watch EVERY excuse come out, including shaming you for, "Not working hard enough." I choose to opt-out of the Dollar with every paycheck via Bitcoin and Silver.
@@StanleyBrunswick I am a boomer. 😅🤣
We are giving the debt to our children not your Dad. They are the ones who will suffer. Inflation will eat the world. The kids will not be able to afford anything
They already can't afford anything.
Mass migration has priced them out of ever owning a home.
I'm glad I never had kids, I couldn't stand to leave them with what has been created.
Who cares it’s all garbage anyways.
@@Foxengcnc i have realize that debt is the new taxation without representation. No one alive want to pay for it, so we are just taking on debt and making those who arent old enough to vote pay for it.
It's a sad narracistic world. No one cares if they are OK financially.... im hoping for a coming of christ. Or I'll be a slave the rest of my life.
@@anthonymiles1446... but christ died for ur sins already...so deal with it. Hell is far worse 😂❤
No, the DAD got the credit card, died, and his KIDS inherited the debt!
Sorry, but that geen energy talk is bullocks. Look at Germany. Lots of green energy and the highest energy prices in Europe. Looks like Paul ist living in his own ivory tower.
Raoul Pal
Can you explain that as my understanding is that Germany has many individuals as prosumers which have caused another problem.
EXACTLY! Solar Panels Only convert Visible Light to Electricity, not any of the other radiation (Microwave, Radio, X-Ray etc), we get from the Sun. We receive 15 Watts / Square-Foot of Visible Sunlight on the surface of the earth. The most efficient Solar Panels are no more than 20% efficient. In other words, for every 15 watts of light, they produce .2 x 15 or 3 watts per square foot. Hence, I need 25 Square feet of Panel simply to power a 75 watt light bulb. To replace Oil & Coal fired power plants with Solar would require half the land mass of the US to be covered in panels. We need to produce more than we use during the day & store it so that we can run our 7x24 economy both day & night
He said 20 years to be fair
Exactly! I call bs on that as well and if there is a chart that shows price parity of renewable energy & natural gas, then please share it!
Can confirm that the title is not clickbait.
In the 40's, the currency was actually money (an asset of gold or silver). Now, it's inherently worthless and not redeemable. Enormous difference. It is this con game that makes all of our current insanity possible.
Hard money systems have difficulties also... look at the periodic panics from 1933 & prior that resulted in vanishing bank balances for the unlucky depositors & huge contractions in economic activity.
Gold is heavy...ever carried a couple grand worth in ur pocket? Better hope ur pockets dont have holes 😅
And worst part is no one cares. The world will burn vi inflation and everyone will still focus on blaming the puppet politicians who are selected into their positions every 4 years
I believe as the debt grows, assets must continue to go up in value thus they will tax the heck out of over inflated assets to pay debt. But the government will keep spending.
Weimar Germany homeowners were giving their houses away just to get away from paying the government taxes.
not buying the green energy promo
Solar/battery is already the cheapest energy source available on the planet and will continue to get cheaper. It's not a promo, it's basic math.
I understand set up costs make sense for companies thensekves to implement. The moot point is a prevailing societal exploitation mindset. Even though infrastructure is relatively low for green energy, my skeptical side foresees companies still overcharging customers for energy with the argument it is needed for upkeep (history suggests upkeep by companies tends to be pretty poor, they are happy to install but not so good at upkeep or updating infrastructure - profit is always prioritised over service it seems). Quintessentially we will all be greenwashed into the next century by the very same people who bankrolled the current energy provisions. I hope for humanities sake I am wrong on this, but feel it is something of a fait accompli. If anything conceptualisation of green energy from as far back from the 1980s has seen the slowest growth and implementation because it served no interest to the status quo for the current energy providers who are now the biggest investors in green energy now the climate no pun intended suits them.
What??? We should always try and reduce our footprint and cut emissions obviously. Whats the purpose of your statement?
The insane growth in tthe price of gold is probably the most direct comment on the future value of fiat currency
It's actually demonstrating clearly the collapsing purchasing power of fiat
Hi both. I'm the long time listener and I do appreciate the knowledge that you are sharing on this channel. Despite the fact that I do agree with Raul about many things when it comes to economic situation in the world. I must say that when it comes to energy( and his outlook that the price per unit will reduce)I cannot see how the price per unit of energy goes down- not in the next decade.
Leaving in the UK consumers experience rise in price per unit off energy and that applies to both private and commercial sektor.
Therefore I see the opposite I see reduction in GDP growth because the costs of energy are high.
There might be several more years of high energy prices but the bigger trend is energy towards zero cost via solar and storage. The sun’s energy is free and limitless. That’s just a fact.
Tom you need to speak with Professor Mark Warner about the way banks in the US and UK create money 💰
Interesting theory. Maybe it’s a special situation in Germany. But our energy cost is as high as it gets. The green energy sector can’t nearly produce enough. And when we have a very windy sunshine day, we produce to much energy, so we have to pay our neighbors to take our excess.
And I don’t know about the stimulus Raoul is talking about. Haven’t seen any.
The way we measure gdp is ridiculous anyways.. all "growth" should have debt/inflation rate subtracted from it to give you a semi accurate number. As in we've been in a depression for years
And now we see why usury is a sin.
a certain artist tried to warn us
He is full of it, fracking for oil and gas will lower energy cost. Wind and solar are not cost effective alternatives.
Rubbish. Do your research.
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
Investment should on every wise individuals bucket list. You will be ecstatic of the decision you made today.
I really need a nice investment to venture into I'm thinking of Crypto assets, stock or Real estate
Will it require up to $200k for startup ?
Going into crypto doesn't mean you buy that much. You can start with little, invest it and watch it grow to generate profits that's how I have grown my net worth.
And again stock and real estate require much to start and a longer time to profit from it
Love you two discussing together !
The problem is that inflating the money supply by definition requires additional interest to be paid because the new dollars come into existence through additional debt...
You seem to be overlooking the fact that green energy requires a lot of fossil fuels and rare earth minerals to produce
Yes he is exactly correct 👍!! We will have too crash & burn a little before we can start back financially
"Wow! This video offers such a deep dive into the global economic challenges. The comparison between personal debt and government debt is mind-blowing. Thank you for explaining complex topics so clearly!"
Fascinating. If we get fusion to work, we exponentially decrease the cost of energy per unit of GDP. And the debt diminishes exponentially also. Brilliant!
Economically viable fusion is 50 years away... and always has been and always will be.
Repost or no?
5:20 it appears that Tom forgets the govt has a monopoly on violinz, so we all know who will be taking the loss… your humble taxpayer 😎
War causes depopulation, which causes “demand destruction “. Reduced demand, reduces prices
Interesting take on things
2/10yr has flipped. Its done by mid next year. ALL over. Collapse…DEPRESSION
Government debt is just a private asset. Every dollar the government is in debt represents money not taxed out of the system. Therefore, if you don’t want the government in debt, then you want the government to tax the people holding the surplus money. The only limit to government spending is inflation. Meaning it doesn’t matter how much money you give to people if they can’t buy actual goods or services in the economy. If there is no food it doesn’t matter if I give you money to buy food.
He's wrong. They had a similar theory back in the 60s with nuclear power creating free energy
The sun is a nuclear reactor in the sky. Energy will be nearly free and necessary to progress civilization.
Even if it was free, they'd still put a meter on it
@@TheInternetComplaintDepartment Yes, but it will be marginal like water eventually.
@@Chris00006 Where is this talking point coming from?
Im not saying Raul is 100% righr but Its shortsighted to compare the 60s and now. The technological advancement in the last 50 years alone has been exponential. Nothing says it wont be more exponential from now on
18:55 choose "this evil or that evil" is not a good strategy
If the unit cost per unit of electricity generation is coming down then why is the cost of electricity increasing rapidly?
I don't buy that the cost of electricity generation is coming down.
This would be easy to fix if people were able to work together and get along
Lower rates will make the problem even worse
Great Interview.
Thank you TB
if el salvador can find a way to pay back debt so can the US
facts
It's a little hard to make a comparison between a small country with a very different culture and social life to one that reigns supreme in the world and has ×20 o more the size of a smaller country with lots of different cultures...
The amount of mind games that are played on the people of this Business/Country are completely ridiculous. Smh 🤨😒
I think the blessing in disguise is that high cost of living will keep families together.
The idea that we are applying a made up value to primarily products is absurd. The productivity as one often says is counterintuitive.
Unless we can produce a world where our rejuvenation outpaces our waste we are bumbling. All this language around debt and GDP is a moment. What we seem to ignore is that our model of functioning has us accumulating plastics in our organs and toxins in our blood. We need to literally freeze and minimize consumption while coordinating solutions with are allies to solve energy. You can’t eat up that which took 4.5 billion years to create and get out unscathed. We are doomed if we keep this up and we know it. We are weak cause we can’t give up anything and so we keep sucking from a dry nipple and taking the last of its offerings. This is the human condition being confronted and our response is unmotivated.
You don’t need green energy, you just need energy period
Isn’t AI going to exponentially increase its use of energy to sustain itself?
How then will AI make energy less expensive for PEOPLE…?
I agree that the cost of energy per unit of GDP has been falling over time and will continue to fall, but 1 input that is being used in solar panels (plus batteries and other technological wizardry) is silver. Demand for silver is tipped to increase dramatically, well and truly beyond what we can produce economically, which means the price of silver will need to rise dramatically to justify mining these less economical silver deposits, unless they can find a viable alternative to silver (none on the horizon).
I came up with this analogy years ago. A casino where western governments gamble other people's money every night, they take home a small amount, each night the house puts new chips on the table.
The UK has just removed winter fuel allowance for pensioners unless you are already on a benefit.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Thank you for selling me opus clips in the middle of your discussion
This is why the tech corporations in the US now own nuclear plants all over the US. Fix energy, you become King 👑
This guy predicted in 2022 with very strong conviction that Bitcoin would hit $100,000 before the end of 2022. Keep listing to him!
He's wrong about green energy.
Fossil fuels may decrease in production, but it will be advanced nuclear and deep geothermal that does the heavy lifting.
Agree in principle. If only the UK and other governments in Europe come to their senses and start building the required infrastructure
True, green energy has very low energy density compared to fossil, let alone nuclear.
Using green energy for example to smelt steel that is needed for windmills is basically un-viable.
@@anthonyroberts7641 Right... the energy itself is free, getting it is extremely expensive, especially in terms of fossil resources required to produce, install, and maintain the equipment. As the price of fossil resources goes up, so does the price of renewables.
They are not putting their debt on a credit card and then using a new credit card to pay of the old and giving it to their dad to worry about. They are doing that and giving the credit card to their kids and say "you worry about it".
So I want you to think about this; If I create as an example “value” let’s say a product, if I barter this product I trade for something of equal value in theory. Those products and that exchange is GDP. If a population of people form what we will call a government and allow a representative to be a third party and said party then creates a piece of paper that represents that “time” for the created value, does it mean the value never happened? Printing the representation of the value and then creating the value is still GDP, isn’t it? Something to think about. Currency is that, the grease that keeps an economy wheel spinning.
You can say the money is printed out of thin air and it is fiat, but if an entity drills oil from the ground and then exchanges it for this representation medium we will call currency is there not a created tangible thing that has Value?
Money isnt the grease, its a proxy for value. When you make more money without making more value, the value of individual dollars decreases. Gdp is measured on dollars.... If I have a 10 mile commute, and the gov decides that new miles are 10% shorter than old miles, my commute doesnt get shorter.... When you drill for oil (or make any transaction in an efficient market) you create value, but when the debt/money supply increases faster than the increase in value (like for the past few decades), we get inflation
@@keithpeterson9560yes, there is value "created" the problem occurs when the increasing supply of dollars outpaces the increasing in value produced. This is why some people think ai will solve this (increased productivity, similar to finding more oil, finding more productivity outpacing increased debt/spending)
@@donkeybus It seems you did not really hear what I was trying to convey.
@@keithpeterson9560 it seems so, can you clarify what I missed? "Is there not created a tangible thing that has value" are you saying that the currency has value in itself?
The strategy is the bitcoin dollar or inflate the debt away
Get Dr. Richard Warner on the show
Unless you can switch propaganda gears and call nuclear energy, especially thorium, 'green', this guy is living in fantasy land of cheap 'green' energy.
If they want low energy cost, why don't they remove taxes on it.
More like giving the credit card bill to your kid to pay off but they haven't entered the workforce yet all while it continues to rack up interest. Get to work Jr.
Is it a credible strategy to cancel US debt obligation to countries (e.g. China) that we deem enemies due to war (self created or otherwise) without affecting credit rating???
Its a catch22 situation. Nuburu is a good example.
Faster production and energy saving technology in photonics but costly to spin up and a shortage of people willing to fund the technology.
Because todays market is more about looting companies, people can't afford to invest.
What year is this from?
Imagine what would happen if EVERY citizen just got themselves out of debt. What would that do?
Nothing they’d just go back in debt
How about the public getting 2% interest!
I think bitcoin is too old to be useful because it is dependent on encryption and quantum photonics is already blooming which breaks bitcoin. Electronics will be replaced by photonics.
The govt should stop paying its debt!
Our economy is toast! A redistribution and reevaluation of all monies, government and tax laws is required.
The debt is nothing but investments that investors are cashing in. There may be a few pennies for retirement funds, but the piles of cash are just for the 1% extra money. So, eliminating the fictional debt with its fictional interest is what is needed. Instead, the oligarchs want to keep accumulating numbers and then die and then us will live with the consequences and the guilt of having bought into the idea that a casino world was the most mature and sensible approach to live our lives...
the government finances are not similar to a families finances. As soon as you make that analogy you go down a road that is flawed.
There's no reason why we can't dance as the Titanic is sinking. Why should I care if a loaf of bread costs $54,876,412?
You got it on sale?
@@glorgau For you, a special offer. Only $53,876,412 per loaf.
I’m happy to play the violin 😎
Lol, love it. Hold on let me grab my violin…
The "solution" once again will be "lower the rates!"
Repost or new video?
"HERE COMES THE GREAT RE-SET!" - 10-24-24
Under that circumstances everybody doing hatd work for little money is totally fooled.
The 1% have most of the money in the country and they could be careless, that's the problem.
Mr. Raoul Pal stated he does like not geopolitical. But globally one should consider the WWIII or Civil WII factor when Federal and States default on debt, and America's States giving the middle finger to the Federal GOPHERMEN by splitting the union (like every republic has done in history). Then we start from there.
I like to add all the claims of the USD crashing is a bit naive. Just look at it. Many nations' currencies will fall before the USD because it's still the most accepted in the world. It'll be a few years before worry over the USD sets in.
But... "HoW's yOuR cReDiT ScOrE?"
The savers will pay the debt via monetary expansion to the benefit of the debt holders.
This is an old video from the last crypto bubble right before the crash!
Watermelon party ideals. Green on the outside and red on the inside.
Raul is a jokester tbh. He thinks inflation isn’t a problem and completely ignores the drop in living standards for the average person! I want to see this chart that shows renewable energy reaching price parity with natural gas! I’m calling his bluff.
4:45 it works as long as you’re okay with perpetual destruction of real wealth and assets!
Let me ask this. What do you think the economy would look like, without the government propping it up?
Raoul, when is the banana zone coming, man? All year we've heard election year, ETfs, halving, Uptober, Q4 will be crazy, rate cuts, golden crosses, rare signals, god candles etc and yet we've seen nothing! October is almost over - a shitty so-called Uptober and a shitty start of Q4 and only about 2 weeks from election and yet the price is still dormant. This time IS different. Wars, high inflation, retail is dead broke. And crypto almost never responds to good news anymore.
Just like Robert.K and many others say. They simply just kick the can down the road.
True that!
“Trust the constant gardners and don’t worry if you have nohoice but appease their unlimited degree of immortality and corruption.” To hell with them! “Live not by lies!”
Buy #Gold and #Silver to protect you'r welth. Not a financial advice 🙏
Blue Bilyeu ❤
Wow very controversial Topic. 😮
WE pay for it...TAXES!!!!
Google how tall a trillion $ bills is -- 67000 Miles. we are near 36-37 trillion debt 🤷♂️
None of this shit matters, money and debt is a construct (only enforcement/force makes it matter).
keep cash and say no to any form of digital currency.
This is the exact opposite of what you should do, cash is inflating away, buy and hold the hardest currency there is.. bitcoin
@@SAGGYASSASSIN
What do you think of XRP?
Cheers
@@nigelw598 will likely be used as a cbdc, so not a fan
And when the cost of energy goes to zero, what is available for the next stupid pet trick?
Green energy efficiency is a joke. You want cheaper energy, drill & mine.
Make food energy again
Uk has energy. North sea etc.
Yes but we no longer use it.
The zealots have taken over the asylum.
@@markdownton3185 precisely
How old is this?
Only thing left is a catabolic anti human system…
They will use crypto to manage it
Also grandchildren will collect
Dad has too many baby moms and wasn’t honest about his habits