Are We On The Brink of Collapse? – Truth About Money, AI, Elon Musk & The 2024 Recession | Raoul Pal
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Is this the end of civilization as we know it to be, or the beginning of untapped unimaginable outcomes for all of us?
Raoul Pal has become a legend in global economics as one of the most successful former hedge fund managers (retired at 36), and one of the most brilliant thought leaders that thoroughly understands how to navigate and explain the complexities of the global financial markets.
And as the macro economist that Britain called on for help, his insights into the current recession, global economy, and volatile markets are well respected.
In today’s power-packed episode, we go deep into crypto, AI, and the future of technology and the economy. We touch on:
– The impact of the debt cycle and hyperinflation
– Potential breakthroughs in the tech sector
– The unstoppable nature of technology marked by AI models
– The natural cycle of recessions
– What kind of economic threat A.I. could be to the global economy
Raoul takes us through the complexities of the current economic system, how companies operate during downturns, his predictions for the coming economic cycles and housing markets, and why investing in technologies and cryptocurrencies may be the saving grace in this tumultuous economic construct.
Chapter Markers:
[0:00] The secular trend within the cyclical trend
[38:10] How money becomes worthless
[1:10:01] Recession is already here
[1:50:22] Population collapse problem
[2:21:36] The AI takeover is here
[2:47:56] Assets outside of fake money
Powerful Insights From Raoul Pal:
“The thing that’s actually driving the S&P 500 is the Fed balance sheet. It’s not companies.”
“Once you digitize things the cost goes to zero”
“In my lifetime there’s a 20 or 30 year period which might be a truly extraordinary moment, […] the issue is, we can’t see through the other side of it, and that’s terrifying.”
“If you can afford to, invest in it [A.I.]. If not, be curious.”
“The impossible is possible.”
“Doom porn sells, it catches attention. Fear is the strongest human emotion.”
“It’s in everybody’s interest for everybody to walk away from this one commodity ruling the world because it’s not the commodity we care about, it’s the energy we care about.”
“Demographics are deflationary and inflationary depending where you are in the demographic cycle.”
“Babyboomers, the same people who caused the inflation are causing the deflation, […] because they’re holding money.”
“Nobody wants the debasement of currency, but if you don’t, what is the outcome?”
“There’s a lot of structural issues here, and I don’t think you can do this without government, and I don’t think you can do it without central banks.”
“Nobody’s ever managed to get the business cycle flat, it’s a degree of what volatility you’ll accept.”
Follow Raoul Pal:
Website: https://www.realvision.com/
Twitter: https://twitter.com/RaoulGMI
LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/
YouTube: https://www.youtube.com/@RealVisionFinance/featured
Follow Me, Tom Bilyeu:
Website: https://impacttheoryuniversity.com/
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@TomBilyeu
July 31, 2025 at 3:38 am
WARNING: I will NEVER ask for your contact info in the comments section, that is someone impersonating me!
@jacobcrumb3323
July 31, 2025 at 3:38 am
Tom???
@michealbell142
July 31, 2025 at 3:38 am
1:52:10 flaw in this line of thought. You won't need robots or robust productivity with fewer humans. The Demand falls
@michealbell142
July 31, 2025 at 3:38 am
1:25:48 government papered over job losses
@michealbell142
July 31, 2025 at 3:38 am
1:26:13 he was right about rates coming down and layoffs.
@alanforster378
July 31, 2025 at 3:38 am
It was not "baby boomers" ` this is inaccurate and lazy . Just like saying that a country has gone to war., wrong, a few or even a single individual chooses to go to war , not a whole country, War is never put to a general vote., neither is economic policy. `
The ordinary citizen is never asked , they are ordered. That generation did the best they could with what was available ,just like every generation has to. People do not get the government they deserve while there is deception and manipulation being used on them , this is victim blaming . Its like blaming the kids for not stopping their parents.
It is divisive and insulting to blame a whole generation for the acts of a few people from that generation. Much of the confusion and conflict in this world comes from exactly this, sloppy categorization and labeling, a skin deep level of understanding and dialogue.
( Yes born in 61 – not my choice, ) .
@scorpio-z9d
July 31, 2025 at 3:38 am
Just listening to this and Raoul says 'we'll just print money to invest in clean energy and replace fossil fuels' – which is b@t$h1t crazy – the best inventions simply take off and can be financed through the private sector – the idea that the government(s) are going to print, print, print and create these industries is insane.
Obamacare 'fixed healthcare' and costs are still out of control. The Biden green energy bill where they were going to install thousands of EV charging stations with $50 Billion, at this point something like 5 to 10 have been installed. What a joke. This has to be the stupid3st idea that I have ever heard of. Not a surprise that it comes from a baby boomer. This is your brain on drugs.
If you want to drive energy prices down invade Saudi Arabia and set the price at $10 a barrel. [and by the way the world is using more and more fossil fuels that it ever has and the air is getting cleaner and yes – global freezing, global warming, climate change is bull$hit.
Another point is that there aren't enough rare earth minerals to provide all the batteries needed to power EVs – and – you need fossil fuel vehicles to mine the minerals because you can't generate enough energy to mine rare earth minerals with EVs.
Only shot at replacing fossil fuels is nuclear – but, you still have the problem with a small percentage of rare earth minerals (lithium, nickel, etc) exists for the batteries.
What bull$h1t.
Another radical idea – how about the government stops over-spending – massive amounts of money are spent on cr@p with layers and layers of idiot$ f'ing up things left and right. We could balance the budget if the U.S. returned to 2019 spending levels.
F'ing boomers.
@davidrounds3245
July 31, 2025 at 3:38 am
Tom, I don't think you understand what is happening in AI. It already is not like "code". It can learn by reading, by watching, by imitating. It is going to think for itself. Musk spent billions and many, many years "coding for autonomous driving." A year or so ago he turned over that project to AI that Tesla created. After the first AI version, he scrapped the entire 10+ years of coding. Now a new software version comes out almost every week. It has improved a thousand percent in less than a year. It is almost perfect today. It learned to drive by watching millions of hours of video with humans driving Tesla cars with cameras. No coding, it learned by watching video. That same software is going into the Optimus Robots at Tesla, some of which are already working in the plants. Show it how to do the job, it learns how to do the job, that's it, no coding. It's not coming, it is here.
@tobberfutooagain2628
July 31, 2025 at 3:38 am
I just had a vision of the future…..
A sea of sleeping bags…
And Starlink antennas….
@kimchicrypto
July 31, 2025 at 3:38 am
Buy The Dip and Hodl for 1 year. That's what you need to do. It's that Simple #crypto
@aurorav.1919
July 31, 2025 at 3:38 am
That music part… one one hand I like the idea. But I hate the idea that a computer can perfect for a novice what took me my whole life solely dedicated to to learn. I sing better than anyone I know but it’s also my sole drive and purpose. Here comes a bloody machine to make me useless. That’s what I hate
@notgettingdata
July 31, 2025 at 3:38 am
It was uet another war ie wwll that caused the the velocity of money to slow down or stop, cuz the baby boomers are the result of killing of asection of the population which then has to be replaced . Its the endless wars that have the ripple effect through time. Its like saying your symtoms are causing your illness the the virus etc. am i wrong ? Would we have had baby boomers if they're hadn't been a world war II?
@Starfish2145
July 31, 2025 at 3:38 am
Oh, so you’re gonna blame the baby boomers for everything? 🙄
@CharlesVaughn-bm9gq
July 31, 2025 at 3:38 am
Raul – master of the obvious.
@markcortez8071
July 31, 2025 at 3:38 am
For goodness sake, stop interrupting the guest! 😂
@gubzs
July 31, 2025 at 3:38 am
"How does meaning exist in a world with AI?"
You're in a thought bubble as an entrepreneur Tom. The overwhelming majority of people not only get zero fulfillment from their job, they actively dislike it.
We already have zero meaning, it's just zero meaning with miserable work layered on top.
@togocat1
July 31, 2025 at 3:38 am
The baby boomers I know are spending all their money on vacations, health care, and their grandchildren. No hoarding up in Canada. They are hoarding all the middle and upper class homes. We have a serious crisis up here in the great white North in regards to the boomers hoarding these particular dwellings. However, how do I put this lightly, they don't have long to be in the hoarding way and all the moola and estates will be back in business and the cycle continues.
@danieldewoeste
July 31, 2025 at 3:38 am
The crowd is not making the good decision,its because the big club controls media ,also btc will hit 99999999999999999 but the buy power will be 0 and I,m in bitcoin from 2010 at the end silver gold will win like it always do you will see the light at the end
@JefferyDuns
July 31, 2025 at 3:38 am
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
@crypto1348
July 31, 2025 at 3:38 am
We care more about your expert guests opinions than your interruptions. You're being narcasistic and self centered if you don't get put of the way and let the guest explain!
@matbob7249
July 31, 2025 at 3:38 am
How many kids do these both gentlemen have?
0..
Realize all this knowledge will disappear. No kids no future
@jefferykolb
July 31, 2025 at 3:38 am
I wonder what Raul’s thoughts are on the coming currency “reset”?
@jefferymarks7344
July 31, 2025 at 3:38 am
Arcblock created digital id.
@davidbourne8267
July 31, 2025 at 3:38 am
Bitcoin = fools gold.
@PatrickGalbraith
July 31, 2025 at 3:38 am
No. Hay. Plata
@oldrin1876
July 31, 2025 at 3:38 am
This is a great video, more people need to watch it!
@snowyowl6892
July 31, 2025 at 3:38 am
Here’s Tom again .. inviting a guest .. then making sure the whole interview is about Tom.
🥱🥱🥱
@francescaderimini2931
July 31, 2025 at 3:38 am
I paid my house off in 3 yrs! Then my taxes more than doubled.
@TheThetruthmaster1
July 31, 2025 at 3:38 am
Maybe some land 10 minutes out of town and a t railer😧
@DevonBagley
July 31, 2025 at 3:38 am
The inflation of the 70s can be correlated to other things as well, like the introduction of the fiat monetary system in the U.S., and the increased money supply that came as a result of that. They just were not prepared for the consequences that would come from turning on the money printers to finance the government when they couldn't pay the Vietnam war debts and their mandatory spending obligations on tax receipts alone. The fact that this happened around the same time period that boomers were coming of age is coincidental, but your theory that was the leading cause can be dismissed by simply looking at the wage data of the period. IF it were just a matter of demographics we would have seen a contraction in wages, due to the supply/demand of labor being out of wack near the end of the 70s, not the beginning. In reality we begin to see declines in real wages right at the introduction of Fiat dollars in 1971, at which point real wages adjusted for inflation were actually declining at nearly 9% despite seeing the same 6% per year growth that had persisted through the latter part of the 60's. The vast majority of boomers wouldn't even enter the workforce until after 1975 after the majority of the wage decline had already occurred. Only a small minority of boomers were even of working age by 1971, let alone ready to marry, and buy houses etc…
@Cunncuts
July 31, 2025 at 3:38 am
1000th comment
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