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#680 Investing in the Crypto Market w/ Raoul Pal

The Pomp Podcast

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Is There a Better Way to Drive Assets Higher?

There's so much debt in the system, there's so much leverage. There's almost no way around it unless they can generate growth that is reasonably is higher than previous trend for a longer period of time. And with this aging population, all of this indebtedness, globalization, technology, the chances of doing that alone are slim. The problem is, as you're saying, it's right, wages don't go up enough. All the boomers are retiring in numbers so that's offsetting the amount of total demand in the economy. It seems to be that debasement of currency to drive assets higher, optically, is the only answer that they've got now.

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