Episode Details

Raoul Pal "Bitcoin Life Raft" and CBDCs - REACTION - E220

Episode 220 Published 5 years, 4 months ago

Description

Today, I listen along with you to Raoul Pal's recent video The Bitcoin Life Raft and react to it. He is a macro forecaster and concentrates on bitcoin and Central Bank Digital Currencies. I disagree to many nuanced points and I think it is a great learning experience for the audience to step through these ideas together.

Swift

Eurodollar funding

Getting money to those who need it

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Original video: https://youtu.be/qL2LfVRl3J0?t=315

Full show notes: https://bitcoinandmarkets.com/e220/

5:15 - Introducing the problems faced by the USD system

I agree there's problems, but not the things he lays out. I believe his arguments show he has not considered monetary convergence and has a relatively mainstream understanding of the current system.

9:50 - CBDC

Raoul claims the CBDCs are a way to address the problems he has laid out. Again, I disagree that the problems are what he says, and I also disagree that CBDCs can do what he thinks.

The three big problems he lays out:

Episode Details

Raoul Pal "Bitcoin Life Raft" and CBDCs - REACTION - E220

Description

5:15 - Introducing the problems faced by the USD system

9:50 - CBDC

16:25 - Cash, freedom, and an agreement of nations (Bretton Woods 2.0)

23:15 END

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