🔥 Get FREE ACCESS to Real Vision rvtv.io/3MMeRfQ Timestamps: (00:00) Introduction and importance of subscribing (00:26) Raoul's journey in macro, crypto, and tech (01:47) Understanding the broken economic system (03:37) Introduction to Brent Johnson and Dollar Milkshake Theory (07:07) Brent's background in wealth management (10:18) Transition from gold bug to dollar bull (17:13) Seeing the world as it is vs. how you want it to be (24:21) The significance of the euro-dollar market (27:30) The Dollar Milkshake Theory explained (35:15) Managing portfolios based on reality (50:13) The duality of money and its implications (1:00:45) The cyclical nature of the dollar and future outlook
These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.
No doubt being financially free and not having to worry much about news like these cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
the problem is that most don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these challenging conditions.
Tax planning is also crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your financial growth.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional in order to navigate this recession and achieve potential high yields and taxation
You have to get a financial-advisor to aid you diversify your portfolios to include commodities index funds and stocks of companies with solid cash flows as opposed to growth stocks when valuations were based on future potential earnings
Many experts say that the U.S. dollar will continue to dominate for decades, but it seems to me that the global importance of the USD could diminish very quickly, such as because of the BRICS and Belt and Road countries all suddenly start using mBridge and the e-yuan for cross-border payments.
Congrats to both of you Raoul and Brett. This conversation is the dollar Magna Carta. Does soft money have problems? Yes Does hard money have problems? Yes What’s the dream scenario? Holding verifiable hard money in a soft money world.
Great conversation! And yes, IMHO of course all money is "broken": as it is debt, there are the ones that own it and receive interest, and the other ones who pay that same (exponential) interest. If its not by direct credit relations, by extension we talk about owners of real estate, share- or other equity-holders vs the people who don't receive any or receive fewer financial gains than they pay on a day to day basis directly through interests or rent, or indirectly through the prices of every goods that include financial costs (interests) and margins (dividends/stock-prices). And as time progresses, money concentrates in few hands which form the ruling-class, which obviously are not just politicians but wealthy families and individuals, financial and business conglomerates (including media and the military), and others...
@RaoulPalTJM I’d love to hear tour thoughts on why if 100’s of billions of dollars coming into BTC ETFs and the price can barely get over the previous ath, Why all the fuss if the price doesn’t move? BTC was better off without the ETFs. If early investors and institutions are waiting for retail to push price up, how is it any better having etfs? It just means more sell pressure now because institutions buy OTC, so all of the BTC they buy (which is most of it now) doesn’t push price up, only down when they sell.
Excellent discussion--and much needed. So agree that money should be objectively studied rather than just emotionally camp-picked and debated. The USD is collateral for Eurodollar credit, and credit will therefore expand to create (lend into existence) more dollars; the USD (love or hate it) is the word currency and weak or strong, the shifts in that dollar impact individuals and nations differently, depending on where they sit on the map and in the cycles. All that said, credit and debt will expand given the structural nature of the Post-44 world, which means fiat money will debase on absolute terms regardless of the relative metrics of the DXY. This explains the rise of anti-fiat awareness, and hence the rise of the anti-fiat camps--gold or BTC. The question now is which camp does one select, which is an entirely different but important conversation. Anyway, great insights here R and B :)
“Peripheral” countries will reprice their Eurodollar debt in other currencies particularly. Particularly when someone started asset seizures. In 1997 with the Asian financial crisis countries that were in debt had to do painful structural adjustments that caused massive riots. In 2008 when it happened in the west they just printed money. It’s not that hard this system is over. The US outsourced their industrial base. That changed everything
Loved hearing this backstory gents! Hearing the Dollar Milkshake Theory in 2018 on RV is what got me hooked on global finance. Was great to meet you both at GMI round table Cayman. To Brent’s point it’s actually incredible how many smart people in the industry still don’t understand or want to believe how global liquidity works. Ps just realised the acronym for Dollar Milkshake is DMT ✨ This explains everything 😉
A lucid discussion on the reality of today's monetary system. Great discussion on how governments strongly influence the global economy. There are No free markets; it's a menagerie.
Would like to know your take of the fact that the USA deal with Saudi Arabia on oil trade was not nenewed after almost 50 years , on june 9 th. This must surely also impact dollar in a negative way over time…?
amazing other guys have more followers than u - speaks volumes. You should have millions of follower on this channel. Thank you for all ur hard work,, Ur making a huge difference.
Is it gold acting hard money that is the problem, or is it having a fixed conversion rate that is the problem? What if the price of gold is allowed to float upwards to meet the inflation of currency? Maybe that, combined with a little bit of rehypothecation, is OK bc it provides a safety valve for allowing the monetary supply to expand rather than the old requirement to declare war to steal more gold (above that which is mined or acquired through trade).
Hey guys - thanks for your work! A note: I'd guess the majority of your audience understands the mechanics of Silicon Valley bank and British bonds 'blowing up.' But I'd guess few of us understand the mechanics of the Asian crisis. So if you are going to use that event as a teaching point it would more helpful to go somewhat into the mechanics of that crisis (and others in the past) rather than just say 'it blew up.'
🔥 Get FREE ACCESS to Real Vision rvtv.io/3MMeRfQ
Timestamps:
(00:00) Introduction and importance of subscribing
(00:26) Raoul's journey in macro, crypto, and tech
(01:47) Understanding the broken economic system
(03:37) Introduction to Brent Johnson and Dollar Milkshake Theory
(07:07) Brent's background in wealth management
(10:18) Transition from gold bug to dollar bull
(17:13) Seeing the world as it is vs. how you want it to be
(24:21) The significance of the euro-dollar market
(27:30) The Dollar Milkshake Theory explained
(35:15) Managing portfolios based on reality
(50:13) The duality of money and its implications
(1:00:45) The cyclical nature of the dollar and future outlook
Probably one of the most balanced discussions about money out there
These interviews make you feel like you are having a conversation with a few friends over dinner. Great stuff.
I'm glad you feel that way! Creating a comfortable and engaging atmosphere is always the goal.
These videos by Raoul Pal make my day. Always great and insightful.
As an avid follower of both people. This is something I’ve always dreamed of but never thought I’d get.
Brent is quite generous with his time and he’d always be happy to share this with you.
Woah, didn't expect this, but I'm thrilled you're here for the ride!
@@RaoulPalTJM we need more long form brent with u asking the questions!!!!!!!
Here for the bananas
Thanks for stopping by!
😂
😂
😊
🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌
These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.
No doubt being financially free and not having to worry much about news like these cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
the problem is that most don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these challenging conditions.
Tax planning is also crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your financial growth.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional in order to navigate this recession and achieve potential high yields and taxation
You have to get a financial-advisor to aid you diversify your portfolios to include commodities index funds and stocks of companies with solid cash flows as opposed to growth stocks when valuations were based on future potential earnings
What I’m getting from this is that countries should just buy BTC as reserve and let the global liquidity push it up so they don’t have to print.
Brent is a Kansas Jayhawk basketball fan. He is already creditable in my book!
Many experts say that the U.S. dollar will continue to dominate for decades, but it seems to me that the global importance of the USD could diminish very quickly, such as because of the BRICS and Belt and Road countries all suddenly start using mBridge and the e-yuan for cross-border payments.
Once again, another stellar interview. Thanks Brent and Raoul. If you're not an RV member and not watching Journey Man, you can't be helped.
Done with the first time through, going to take a few more to really wrap my head around it.
Congrats to both of you Raoul and Brett. This conversation is the dollar Magna Carta.
Does soft money have problems? Yes
Does hard money have problems?
Yes
What’s the dream scenario?
Holding verifiable hard money in a soft money world.
Hey, thanks a ton for tuning in and sharing your thoughts!
Life changing content Roul. Thanks
One of the Best!!
Thank you both you’re awesome!!
You're the best!
is there a connection between eurodollar markets and sky high real estate markets?
Always enjoy anything you put out Raul.
Raoul
Brilliantly put and illustrated with the events of the past decade+ 👏
Great conversation! And yes, IMHO of course all money is "broken": as it is debt, there are the ones that own it and receive interest, and the other ones who pay that same (exponential) interest. If its not by direct credit relations, by extension we talk about owners of real estate, share- or other equity-holders vs the people who don't receive any or receive fewer financial gains than they pay on a day to day basis directly through interests or rent, or indirectly through the prices of every goods that include financial costs (interests) and margins (dividends/stock-prices). And as time progresses, money concentrates in few hands which form the ruling-class, which obviously are not just politicians but wealthy families and individuals, financial and business conglomerates (including media and the military), and others...
Outstanding interview. Brent always seems to bring us back to reality from FinTwit
Interesting how Brent essentially mentions the chartalist theory of money with his "big club"-tax analogy! It would be great to hear you debate MMT!
This put everything in such clear view for me. Incredible
I'm glad you found the video helpful!
Thanks for all the content Raoul. Love listening to you and all you have to say.
Thanks for listening
Really valuable insights and information. Thank you 🙏
Mr Raoul u are an absolute stud💪
Another brilliant discussion and insight. Thanks
Our pleasure!
Excellent speakers on your channel ! keep inviting new guest it's very enriching !
I've got a lot if respect for Brent Johnson. He comes over as a humble guy too in spite of his profile .. a very likeable character :-)
Brent Johnson seems like a cool dude, right?
Great discussion. Thanks
Phenomenal episode. One of the best I’ve seen.
@RaoulPalTJM I’d love to hear tour thoughts on why if 100’s of billions of dollars coming into BTC ETFs and the price can barely get over the previous ath, Why all the fuss if the price doesn’t move? BTC was better off without the ETFs. If early investors and institutions are waiting for retail to push price up, how is it any better having etfs? It just means more sell pressure now because institutions buy OTC, so all of the BTC they buy (which is most of it now) doesn’t push price up, only down when they sell.
Excellent!🙏
Thanks for listening
Excellent discussion--and much needed. So agree that money should be objectively studied rather than just emotionally camp-picked and debated. The USD is collateral for Eurodollar credit, and credit will therefore expand to create (lend into existence) more dollars; the USD (love or hate it) is the word currency and weak or strong, the shifts in that dollar impact individuals and nations differently, depending on where they sit on the map and in the cycles. All that said, credit and debt will expand given the structural nature of the Post-44 world, which means fiat money will debase on absolute terms regardless of the relative metrics of the DXY. This explains the rise of anti-fiat awareness, and hence the rise of the anti-fiat camps--gold or BTC. The question now is which camp does one select, which is an entirely different but important conversation. Anyway, great insights here R and B :)
Another amazing conversation even for a Friday! Cheers!
Glad you enjoyed it!
Thank you Raoul...another great, quality disussion...
I'm glad you enjoyed the discussion!
Clean and clear! Well done both of you!
Thank you Raoul for this insightful content. You just keep giving
My pleasure!
“Peripheral” countries will reprice their Eurodollar debt in other currencies particularly. Particularly when someone started asset seizures. In 1997 with the Asian financial crisis countries that were in debt had to do painful structural adjustments that caused massive riots. In 2008 when it happened in the west they just printed money. It’s not that hard this system is over. The US outsourced their industrial base. That changed everything
Super interesting - thanks.
Great honest conversation
Thank you for watching and engaging with the content!
Don't F it up😅
Loved hearing this backstory gents! Hearing the Dollar Milkshake Theory in 2018 on RV is what got me hooked on global finance. Was great to meet you both at GMI round table Cayman. To Brent’s point it’s actually incredible how many smart people in the industry still don’t understand or want to believe how global liquidity works.
Ps just realised the acronym for Dollar Milkshake is DMT ✨
This explains everything 😉
It's amazing how a theory can shape our understanding of global finance!
It would be great to hear what you think of crypto outside of Bitcoin, Ethereum, and Solana.
Thanks for the info and commitment!
I'm glad you found the information helpful!
That was a very insightful interview. Thank you Raoul
I'm glad you found the interview insightful!
51 mins in. What does the system collapsing really look like?
Great content. Thanks.
This discussion blew me away just like the everything code did
A lucid discussion on the reality of today's monetary system. Great discussion on how governments strongly influence the global economy. There are No free markets; it's a menagerie.
Love it!!!!!!!
Waiting, waiting, waiting for the AI words to be mentioned and then at the 43 minute mark Raoul finally mentions it!
Would like to know your take of the fact that the USA deal with Saudi Arabia on oil trade was not nenewed after almost 50 years , on june 9 th. This must surely also impact dollar in a negative way over time…?
TZhanks!
WOW! My lightbulb just went on! Thank you!!🙏🩷
Glad it helped!
amazing other guys have more followers than u - speaks volumes. You should have millions of follower on this channel. Thank you for all ur hard work,, Ur making a huge difference.
Such an enlightening conversation, thank you.
Thanks for listening
Two of my favorites here!
P.S loved this (and the one with James of IA too). Opened my eyes to RV and will be taking a closer look 😉👍
Earth shaking reality a problem is wages not keeping up at all
FANTASTIC INFO
I’m always happy to discover a new episode, thank you kindly Raoul. And everyone, please.. hit the Subscribe button already!
What about the BRICs impact?
Brilliant session. Thank u ❤
Awesome discussion
Thank you for watching and joining the discussion!
super informative! big thank you!!
You're so welcome!
That was the best interview I’ve watched awesome stuff 👍
What a fantastic interview 🎉
Get video Raoul, always my favourite knowledge session.
Thank you
Kinda seemed like Brent Johnson was gonna cry when he talked about his first Eurodollar epiphany. Dude trully been through the trenches.
great content - always like to listen to u - this time is no exception :)
I'm thrilled you enjoy my content! Your support means a lot to me.
Is it gold acting hard money that is the problem, or is it having a fixed conversion rate that is the problem? What if the price of gold is allowed to float upwards to meet the inflation of currency? Maybe that, combined with a little bit of rehypothecation, is OK bc it provides a safety valve for allowing the monetary supply to expand rather than the old requirement to declare war to steal more gold (above that which is mined or acquired through trade).
In this description outlined, would not btc be the dumbbell . Hard against credit.
That btc does not dominate fiat but has ballancing effect.
Thanks Gents
Excellent, excellent show.
Thank you, Raoul. Always.
You two are invaluable
When liquidity tap open....seems FED waiting until that breaking point. DXY is struggling if EU cutting
Great point!
Great point!
Love this channel ❤
The man!
very well
Thanks raoul
I appreciate your support!
Hey guys - thanks for your work! A note: I'd guess the majority of your audience understands the mechanics of Silicon Valley bank and British bonds 'blowing up.' But I'd guess few of us understand the mechanics of the Asian crisis. So if you are going to use that event as a teaching point it would more helpful to go somewhat into the mechanics of that crisis (and others in the past) rather than just say 'it blew up.'
Thanks
nice
already subscribed, always grateful,
Great insights
Great stuff, keep it coming.
Fan!-*ucking- tastic conversation! Excellent content - as usual 👏🏾‼️
Glad you enjoyed it!
Surely, the ascendance of Bitcoin will make really big changes very quickly?
Thanks Raoul great session 😁
Spa and massagem to my brain❤❤❤
I'm glad you enjoyed the brain spa and massage!
The "to the right" side of "up and to the right" will take care of itself.
Does the strong dollar run into the political reality that the US can’t cost effectively manufacture it’s own war materiels?
Mr Pal just Awesome.
Hi. Is there a way to apply for internship or if someone wants their career in finance? Please it will mean a lot!
Dear Brent,
There is only one finite asset. Love the video but needs a correction.
Gold supply = ♾
Bitcoin supply = 21 million
Best regards,
Satoshi
Thank you for pointing that out, Satoshi! I appreciate your input.
oorah!! thank you for this video
Oorah! Glad I could bring some motivation your way!
Love the content
Can't wait for the bananas!