…Long Live the American Dream
Raoul Pal: Real Vision
00:00
The Fourth Turning of the Global Order System
The baby boomers call afford to retire, only the rich can. So they're leaving the labor force participation rate and others are being marginalized. And now you've got the two largest demographic bulges and all recorded history in the labor force at the same time as technology is exploding. Nobody realized this was coming. Everybody's kind of been rational in the process and become wildly irrational. Now we're at a state where we hit the pandemic. If it goes down too long for the mark to market, we're all done. There can be no default. This is the game we're now in.
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