Interview | Description | Timestamps | Show Notes

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Location: Skype
Date: Thursday, 26th March
Project: Real Vision
Role: Co-Founder & CEO

The coronavirus pandemic has led to a global economic crisis. With the movement of people heavily restricted, businesses forced to close and supply chains disrupted.

Stock markets around the world have crashed, leading many to question if the restrictive measures to limit the spread of the virus are worth the economic impact. Donald Trump has stated that the “cure” cannot be worse than the “problem”.

To fight the recession and help those in need, most major economies, including the US, UK, Canada and Germany, have announced unprecedented economic stimulus packages to support the economy and those out of work.

The severity and duration of the impact coronavirus will have on the economy is almost impossible to predict; however, this event will likely alter the world forever.

In this interview, I talk to Raoul Pal co-founder & CEO of Real Vision and macroeconomist. We discuss the political and economic impact of coronavirus, the role of the state and the societal change that will occur.

00:04:25: Introductions
00:06:16: The issues surrounding COVID-19
00:09:35: Overreacting or under-reacting
00:13:21: COVID-19 as a political issue
00:15:07: Freedom of individuals
00:17:34: Importance of government
00:21:20: Cayman Islands
00:23:13: Changing global tourism
00:24:56: Impact of money printing on inflation
00:29:56: Difficulty in making predictions
00:32:31: Right time for Bitcoin?
00:33:53: Final comments

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• Connect with Raoul:

  • On Twitter @RaoulGMI

  • On LinkedIn

• Connect with Real Vision:

  • On Twitter @realvision

  • On LinkedIn

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• Mentioned in the interview: 

  • Coronavirus: The Hammer and the Dance

  • The Coronavirus War Economy Will Change the World

  • Coronavirus Will Change How We Shop, Travel and Work for Years

  • Coronavirus: Chancellor unveils £350bn lifeline for economy

  • Canada unleashes billions to fight the virus

  • Germany to unveil major stimulus as virus death toll rises throughout Europe

  • Coronavirus stimulus package worth $84 billion passed without objection by Australian Parliament

• Other relevant WBD podcasts:

  • WBD205: Coronavirus: The State vs Civil Liberties with Aleks Svetski

  • WBD203: Coronavirus Lockdown in Italy with Giacomo Zucco

  • WBD192: Beginner’s Guide #11: Bitcoin and the Macroeconomy with Travis Kling

  • WBD140: Raoul Pal on Bitcoin as a Global Recession Hedge

  • WBD130: Bitcoin is More Than a Financial System with Zac Prince & Jeremy Welch

  • WBD127: Saifedean Ammous on Understanding Bitcoin Economics

  • WBD044: Debunking Economics and Why Bitcoin Will Fail With Steve Keen

  • WBD036: The Threat of Fractional Reserve Bitcoin from Wall Street with Saifedean Ammous & Caitlin Long

  • WBD032: Tuur Demeester on the Looming Debt Crisis and Central Banks for Bitcoin