The COLLAPSE Of Crypto & FTX! - DO THIS NOW Before It's TOO LATE... | Raoul Pal
On Today's Episode: What in the crypto is actually going on? In the middle of the financial crisis we’re experiencing, people are acting out of desperation, and emotions are possibly leading the charge. Raoul Pal is back to help us understand what is the current state of crypto, why FTX has been using customer money and more importantly, why is this not as unusual as you may think. Raoul’s insights as a macro investor, former hedge fund manager that retired at 36, and co-founder of Real Vision, a financial media company, takes us to a high level view to string together how world history and demographics have brought us to this point. The key takeaway here for you is that, “the game of money is a game of psychology.” Tom Bilyeu Once you understand that this is a game, we need to know the players, the rules. The ultimate indicator of how you play this game, as Raoul explains it, is the future version of yourself and what that version wants. It indicates your debts, your risk tolerance, and what your next financial move will be following this interview. Whatever you do, do so from a place of minimizing your emotional response and play the game well. SHOW NOTES: 0:00 | What In The Crypto Is Going On? 14:02 | The Emotional Cycle of Money 23:46 | Inflation Vs. Debasing Currency 36:37 | Why Velocity of Money Is Slow 46:54 | Do We Need Central Banks? 56:34 | Future Economies with Tech 1:16:42 | Can Debt Stimulus Solve This? Follow Raoul Paul: Website: https://www.realvision.com/ Twitter: https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ YouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A Support Our Sponsors: This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/impacttheory and get on your way to being your best self. Sign up today at butcherbox.com/IMPACT and use code IMPACT to get FREE RIBEYES for a Year plus $10 off. INVEST IN YOURSELF NOW: https://bit.ly/3WUKBTh FREE LIVE WORKSHOP HOW TO MAKE ANY GOAL STICK, REGISTER NOW: https://bit.ly/3X5xHlE Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices