3min chapter

The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

CHAPTER

The Fed Balance Sheet Is a Function of Demographics

Soju: When you denominate the growth in growth of central being, balance sheet or gold, i think you basly see it's flat. I then start thinking, well, i lived through and worked through and invested through two thousandad that was a bubble because equityes decoupled from gold, from real estate, from everything. And suddenly the chance became really bloody logical, ecause every one kind of feels like you didn't get richer. The average person deferitely did not get richer after two thousand and eight. It's never coming back. Well, it might do, but it woud take another 20 years. They just basicaly follow the balance sheet.

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