This is Raoul Pal. The most in-demand guest for podcasts about money. He teaches people how to think about money. I spent thousands of $$$ to learn from him. Here are 15 of his strategies that transformed my life (and will do the same for you):
The biggest mind-blowing lesson from Raoul: Financial markets never recovered from 2008 If you change the denominator of the Fed central bank balance sheet away from USD.... U.S. stock prices have hardly moved since 2008. WOW
Central banks have increased interest rates to lower inflation. This is to offset their enormous money printing from 2020 to bail us out. Global debt is exploding. The financial system can't survive with high rates and high debt. So interest rates must come down (soon).
Global GDP has fallen due to productivity and demographics. Stimulus (aka money printing) has been used short term to stop us defaulting on the huge debt. Growing global debt to drive GDP is a game that is about to end.
We're no longer constrained by resources. Unlimited power through nuclear. Unlimited intelligence through AI. Unlimited productivity through robots. The formula for GDP will therefore be rewritten.
Wages haven't risen in 30 years. If you don't learn the basics of investing, you'll become poor.
The money gurus tell you to follow the baby boomer formula: • Buy stocks • Buy real estate • Earn passive income But the world has changed. Those things don't outperform inflation and the drop in our purchasing power.
Question to piss traditional investors off: What if real estate prices only went up because of the extra currency created and nothing else?
Warren Buffett is a cult. But following his philosophy doesn't make you rich. Just buying the S&P 500 or Nasdaq index funds would've made you more money.
Raoul is most famous for his "Everything Code" Here's the manifesto:
Crypto isn't about hype. It's about 2 things: 1. Network effects. The more users that join the network, the more prices rise. DAILY TRANSACTION VOLUME X NUMBER OF ACTIVE USERS = VALUE
2. The rise of global liquidity The more central banks create money out of thin air, the higher asset prices go.
Buying Bitcoin isn't about getting rich. The goal is this: Find long term trends with momentum ... And use them to outperform the drop in purchasing power of currencies like the USD.
Raoul's rules for investing: • No FOMO • Bet on the future • No naked leverage • Have a long-term view • Expect horrific pullbacks • Being an optimist leads to opportunity
Elon didn't buy this platform and turn it into X to run a media empire. LOL. Raoul: He bought it to get access to the data. • He'll train his AI's on this data • The winners in AI own the data Stop getting gaslit by dumb*ss legacy media.
There will be AI companies with no employees. They will interact with other AI's & robots. Robots and AI will use blockchain and DAOs to interact with one another. That's the point of this tech.
The demographics of humans are changing. • Fewer births • Aging populations Robots and AI will fill the gap. Raoul: "Robots are demographics"
Advice for young people: • Either own crypto and tech stocks, • Or get destroyed by currency debasement & inflation. Yes, it means taking on some risk. But you have no choice.
If you want to build wealth, Read "Opening Bell: Time to Invest" You’ll discover: - How to generate passive income - Invest in popular stocks - Safe investing in index funds People like Warren Buffett and Ray Dalio also use these strategies Start now: https://gumroad.com/a/24955649...
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