Raoul Pal Previews the Future: AI, Crypto, QE and the next Phase of Human Flourishing or Upheaval
The Breakdown
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Cryptocurrency: A Secular Trend Driven by Network Adoption
Every peak in the ISM, which is my proxy for the business cycle, is three and a half years apart since 2008. I looked at the debt structure of the United States and realized every single man, woman, child, corporation reset all interest rates to zero in 2009. And that was provable across all of the major economies. It's like they've all decided that they were too far in debt and the only way of doing this was quantitative easing. So if you think about GDP growth, and let's make the maths easy, even though GDP growth is actually 1.75% average, but let's call it 2%. Let's assume interest rates are 2%, which is roughly
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