Raoul Pal - Bitcoin Is The Life Raft For The Coming Financial Collapse!

Raoul Pal - Bitcoin Is The Life Raft For The Coming Financial Collapse!Show more

In this video, Raoul Pal discusses the consequences of money printing and the emergence of Bitcoin as a parallel financial system aimed at mitigating the effects of currency devaluation.

Here is the highlight of the content:

The excessive stimulus has led to bubbles in equities, housing, and even everything. But gold Is a great price anchor which everyone uses as a relative asset pricing. Real estate, gold, and equities are at a fair value. What's happening is that the central bank's printing of money is devaluing the purchasing power of currencies but against the rarely fixed assets but not against wages or earnings.

Prices of equities are rising because equities aren't rare assets. Earnings don't go up. Over the last five years, Microsoft's number has gone up, and its earnings have gone up by 50% while its price has risen by 400%. All these have to do with the balance sheet and the devaluing of money. This is why people feel poorer because wages aren't going up at the same rate.

To mitigate the effects of currency devaluation, there's a need to build a parallel financial system with parallel assets that keep pace with money printing. Otherwise, the economy will be in big trouble. The migration to Bitcoin will move slowly and more people will become aware of it.

All these asset prices are in a bubble and are depreciating. Fiat money is eroding. Japan is showing the way. Central banks will own all of the government debts and won't allow the credit market to function. Hence, it becomes very difficult to get returns because risks aren't priced correctly. Then, the final collapse of currencies will get near.

What's going to happen if everyone is adopting Bitcoin or Ethereum or any other crypto?
There are two options. First, the IMF or the World Bank or G 20 may create a global basket of currencies to use as a world coin, and you won't be able to expand your money supply by more than 2%.
But the reality is that a global digital currency won't last forever. Countries don't have their independent monetary policies anymore
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We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA and other altcoins. 🗠

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