WTF is Going on in the Markets? With Raoul Pal, Caitlin Long & Travis Kling

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“This isn’t going to be Trump’s problem, this isn’t going to be J. Powell’s problem, this isn’t Biden’s problem, this isn’t Mnuchin’s problem. It’s not going to be any of their problems, it’s going to be our problem.”
— Travis Kling

SHOW DESCRIPTION

Location: Zoom
Date: Monday 29th June
Company/Project: Real Vision, Wyoming Blockchain Coalition, Ikigai Asset Management
Role: Co-Founder & CEO, Co-Founder, Chief Investment Officer

In late 2019 and early 2020, the global economy was showing signs of stress. Even before coronavirus, we saw the Fed having to step in and provide liquidity for the repo market and issuing rate cuts. But the rapid spread of coronavirus around the world and the resulting lockdowns has further exposed cracks in the global economy. 

Stock markets experienced high volatility as the economic impact of businesses closing hit with Wall Street suffered its worst day since ‘Black Monday’ and oil prices going negative for the first time in history. Governments responded with unprecedented levels of quantitative easing, and some countries are now seeing their currencies collapsing.

Many analysts have suggested that rather than coronavirus being the cause of this economic downturn, it was instead the black swan event that acted as the pin that popped the bubble and the enormous debts that have been amounting for decades was a disaster waiting to happen.

Over the past year, I have spoken to several economists including Raoul Pal, Caitlin Long and Travis Kling, all of whom warned that a financial collapse is coming. 

So, what is happening at the moment, what can we expect to see next, and how can we all prepare?

This interview is from a panel I recently hosted for Real Vision’s The Crypto Gathering, with Raoul Pal, Caitlin Long & Travis Kling. We discuss the early warning signs of systemic issues in the global macroeconomy, what might happen next and where Bitcoin fits into this.

TIMESTAMPS

00:04:25: Introductions
00:05:37: Current debt bubble
00:07:46: COVID, the great accelerator
00:09:54: The dollar standard
00:11:16: Current state of markets
00:14:46: Reacting to the pandemic
00:18:59: Similar historical patterns
00:24:25: Can central banks save the economy?
00:29:12: Importance of S&P500 for US government
00:33:41: Excessive money printing
00:40:59: Future gold standard
00:42:35: Bitcoin’s role in the future of money
00:45:19: Traditional finance view of Bitcoin
00:48:43: Changing demographics
00:51:44: Preparing for future uncertainty
00:55:33: Final comments

 

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SHOW NOTES

PodcastPeter McCormack