Raoul Pal Previews the Future: AI, Crypto, QE and the next Phase of Human Flourishing or Upheaval
The Breakdown
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The Crypto and AI Dimension of the Banking Crisis
The world changed in 2009. That existential risk of the collapse of the global banking system does not exist because of quantitative easing. So we cannot have a full-scale banking crisis ever again. The US has got too many banks. It's overbanked anyway, much like Europe used to be. And so the US will shrink in number of banks. Can't happen at scale, but it happens slowly.
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