5min chapter

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#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis

The Pomp Podcast

CHAPTER

Cryptocurrency Is a Life Raft

Inflation in the US is currently 4.1%. My forward looking indicators based on all of the work on the business cycle, and it's not really voodoo, that stuff is showing we get to 2% or even below by the summer. If you look at the commodity prices, almost every single one of them is deflating down year after year. Some of them like Nat Gas, around 75%, they're chipping their bodies off because there's no gas,. So people just think this inflation that they see today is the future and it's wrong. It's also based on a hypothesis that comes down on a speed which I've studied every time.

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