…Long Live the American Dream
Raoul Pal: Real Vision
00:00
The Root of Fiat Currency, Right?
In the 80s comes the rise of the silicon chip in the computer and Moore's law explodes. China starts opening up, realizing it has to change. The world can take Russia coming onto the market. So these poor baby boomers who are now up to here in debt by the mid-90s are now facing a global workforce of cheaper productive labor. And at the same time, many of them signal that too much debt is a really bad idea.
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