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#680 Investing in the Crypto Market w/ Raoul Pal

The Pomp Podcast

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Is Your Future Wealth Getting Poorer?

An asset is basically deferred expenditure. You stick savings into something that you hope goes up enough in price to offset inflation and other things. And then eventually you get to spend it by selling that asset. So those assets which are your future wealth are becoming harder to buy, so you can buy less of them. I don't know how you're gang t o solve that equation. The chapalte worker is going to be laid off by robots. With seeing it, mcdonalds were seeng in many places. i think the next bet is that fiscal stimulus will do it. But i don't think that's going to be the case,.

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