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Raoul Pal on The Exponential Age and the Everything Code: AI, Crypto, QE and Beyond

Raoul Pal: Real Vision

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The Parallel Financial System

The debt that is accumulated from, again, these set of decisions that have been made up for the last 50 years dictates a huge amount of what we can and can't do. The dollar basically in a geopolitical way has a very similar impact in terms of restricting the band or sorry, excuse me, dollar denominated debt. So even when people are correctly identifying the phenomenon of countries desiring to be less beholden to the dollar, the structural accumulation of dollar debt over the last however many years shapes the ability for them to put into practice changes. That's why I've always referred to it as the Bitcoin life raft or a parallel financial system. It's actually not parallel. It's conver

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