4min chapter

The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

CHAPTER

The Fed Crossed the Rubecon - Corpora Bonds

We've left the world of supply and demand economics and moved into a world driven predominantly by central bank policy. The government underwrote every household balance sheet. Nobody understands why they're getting poorer, because they see everybody else getting rich. So now the money element of this is becoming the larger driver when nobody can get on to that ladder of making their money. And the time is ticking for these boomers to be at o retire. We culdn't let the pension system go bustcause then we break a promise to all of these 76 million boomers. They basically delivered this to the boomers and screwed the millennials. Saved u short.

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