This is it this is the [ __ ] big one there's no time to do anything else this is the most important moment pretty much of everybody's lives and it's probably one of the most important moments in all of humanity because of what's happening with AI I saw the financial crisis coming I written about it I made money from it my clients made money many of them were the famous investors from the film The Big Short but a lot of people got hurt I felt uncomfortable being at the center of the financial system with all
the knowledge with all of the cool kids the hedge fund managers and the banks when I can see that the whole world around me was changing it's basically down to the two big Mega Trends one is technology tomorrow is more digital than today but your house is not an asset will get you nowhere in life Are You Afraid Of Death that's a [Music] question he everyone sorry to interrupt but this is the cheesy podcast bit that gets on everyone's nerves but it's really important to me please if you you can like the channel and also
subscribe it helps me a lot to get the best guess in the world for you guys so click like And subscribe appreciate it thanks join me Ral pal as I go on a journey of Discovery through the macro cryto and Exponential age landscapes in the journey man I talk to the smartest people in the world so we can all become smarter together here well hey good to see you Paul welcome to axum podcast thanks you so much for having me here in the Cayman in your house this is an amazing opportunity I think for everyone
from Latin America and my audience and people who are into crypto from a different space and a different Region to get an idea of what you do where you come from and the human behind Ral pal and this you know bigger than live Twitter and social media uh Persona and everything that you do which is f and we'll get into that in a bit so let's start a little with the basics kind of what you do with journeyman for someone who's probably been living under a rock and it's nothing into crypto or it's new to
the markets and don't know who you are maybe can you just tell us a Little brief story of what you do and what's been your story so far yeah what I my background was Finance 30 years of Finance I worked for firms like Goldman Sachs um I then ran a big hedge fund in macro investing so macro is investing in all asset classes could be stocks bonds Emerging Markets could be currencies could be anything Commodities but based around how economies move so what we do is we project forwards and forecast economies and understand how that's
Going to move the stock market or whatever it is that was my background um and I was doing that until about 2005 then I moved to Spain to the Mediterranean coast of Spain where I started writing Global macro investor my kind of Premium research service and the idea there was to use the accumulated knowledge that I'd had over 20 years at that point now 10 15 years in the hedge fund industry and selling Research Services to hedge Funds to help them think through the world how to make opportunities that kind of thing um and I
still write that to this day 20 years later so I've become a communicator So Not only was an analyst also an investor but also a communicator right and I've been doing that also within Goldman Sachs and other places i' realized that I was a good communicator then everything changed in 2008 I saw the financial crisis coming I'd written about it I made money from It my clients made money many of them were the famous investors from the film The Big Short but a lot of people got hurt and it wasn't that bad in Europe yet
then 2012 came in 2012 we had the European crisis where almost all the governments went bankrupt and the Banks were going under and Friends of my parents and friends of friends were having money taken from the banks as Banks shut down friends who were in The Real Estate Industry were out of business and they were angry and everybody was angry at this point so Occupy Wall Street was the US Anger from the young people saying what is going on with the financial system why are we losing our jobs why are we losing our houses why
are our parents going bankrupt what is going on and then in Europe we had in Spain we had the indignados the 4 million people I think who marched to the streets of Madrid from the provinces anger and I Realized that people didn't know what was going on the financial system was in fact broken there had been so much debt built up over the decades prior that it had made it very fragile and nobody understood this because everyone thinks your money's safe in a bank right a government is safe well if if you're from Latin America
you'll understand you don't think you're never safe period you don't think those things in Latin America or America or wherever but at The core of the financial system the US and Europe that is the fundamental belief and then that got shattered so I thought I need to do something about this and I I looked at a two-pronged approach one was okay can I find a bank that's safe because Banks use something called fractional Reserve banking which means the piece of whatever you put in is relent multiple times they have I think 10 times more than
to creative whatever They're lending right yeah and sometimes in the financial system a US Government Bond which is deemed to be the safest thing in the world had 30 different claims on it so when you come and say I want my money back 30 people have a claim on it as well it's quite screwed up but it's how the banking system works it's called fraction Reserve banking so I went around the world trying to start the world's safest Bank um and it was difficult and I went to Singapore Switzerland the UK and the us and
we almost bought a bank in Texas and we had the chairman of the FDIC the regulator of the banking system that protects depositors we had a quality team of people and we went to the Federal Reserve in Dallas and said we'd like a banking license and they said tell us your what what you're doing we explained we're going to have a non-fractional Reserve Bank so every dollar goes in the rules it'll just own A bond uhuh with the treasury so there's nobody in the middle nobody can go bust and he said it's a great idea
and we're never going to give you a license Jesus I'm like why he's like because you'll take all the deposits if you have one bank that's safer than all the others it takes all the deposits MH so that kind of made me think wow okay this is Rigg it's rigged against you right yeah and so I was writing about it in global macro invest and one of my Clients wrote to me and said Bitcoin this was 2012 and so I started digging into Bitcoin by 2013 I wrote the first ever macro strategy piece to Value
Bitcoin it was at $200 and I said if I look at it versus gold how much we know is above ground and how much we know is below ground and look at that relationship like with Bitcoin what's mined and what's yet to be mined M it should be worth 700 ounces of gold at the time That would have been a million bucks and it was trading at 200 I'm like huh Maybe I'm Wrong by 90% it's worth $100,000 this is the best investment opportunity of all time we'll talk a bit about why crypto matters in
a bit M so that started me on the crypto Journey the other part of the journey is I wanted to help people I felt uncomfortable being at the center of the financial system with all the knowledge with all of the cool kids the hedge fund managers and The banks when I can see that the whole world around me was changing that people wanted to take control of their finances and so I thought the best thing I can do is democratize the knowledge that I have and that we have within the financial system um and so
I reached out to some friends of mine famous hedge fund managers and said would you publicly talk about what you're thinking and stuff like that they've all got egos they're like yeah Of course so I'm like huh so I can get the world's most famous investors to talk about what they're thinking what they're investing in so this was 2014 video had barely started I think YouTube been going for two years no YouTube was like 2007 but it was mostly about pranks and other Stu videos yeah exactly right so it was still really really n Netflix
had only just started um so we decided video which we knew nothing about so we formed a company Four of us uh in a small village in Spain and we decided to build a video business of which none of us had ever made a video edited one or anything um and that was the thesis as we know [ __ ] about [ __ ] we didn't know what we were doing we were just going to do it because we knew it's probably the right medium to educate people so that was the rise of real Vision
but as part of that real vision's journey has been to really explain why the system is Broken and then how you can unfuck your future how you can take advantage of the situation by investing to make your future safer to realize that vision of your future self so crypto was part of that as have a whole bunch of other things we've got the world's most famous investors analyst strategists together democratized access created a subscription business and helped as many people as possible on that Journey hi R here listen I think we've got until 2030 Before
the economic Singularity arrives now it might not be the exact date but it's around then so we have about six years to figure out how to unfuck our future I've put together a report to help you called prepare for 2030 it's going to help you take the first steps in that journey to make sure you're secure past 2030 so just click on the link below and start your journey now that's fascinating it's such a such an arc it's Such a story but um something that gets my attention from there and I want to kind of
like go back to that a little then we'll again move back to crypto and go on tangents and like this is not scripted so we'll just switching topics but you said I'm kind of like a marketer by nature and then I get this I know that your dad was a marketer her for Xerox yeah your mom was in Dutch out yeah so she also had the traveling in her DNA your dad as Well because he was like traveling a lot like he came from India right and then went back again Overland from England to India
ended up in prison in turkey and in Iran and eventually had to he couldn't go through Pakistan to get back to India and his dad had to send him a plane ticket from Iran to get back to India Jesus so travels in my blood exactly so I wasn't getting there so you think that informs a little of of view you this thirst you have for life for Moving for exploring for living life to its fullest potential do you think it comes from that like already roots in your DNA from your parents yeah I do because
I think travel is the one form of Education that changes your perspective on everything you just understand people at a human level as opposed to what you're told to believe you when I was told that Iran was the most evil place in the world I went there loved it amazing people make your Own opinion and get see what's about yeah yeah you know and I've spent time in the jungles of Papu Guinea through to the mountains of the Himalayas through to the deserts of southern Africa I mean I've been everywhere and you have a very
different view of the world but you realize that the world is a beautiful incredible place you have this Theory and and I love it and so many people on social media has reacted to that in a in a huge way I've seen the responses a lot Of people identify with this you you mentioned that money is a scoring system but at the end of the day quality of life experiences that's the ultimate goal the bucket of the quality of life and if I'm not wrong I think you said at some point the best investment of
my life the one I will go responsibly long until the day I die is quality of life can you elaborate elaborate on that yeah it's quality of life and experiences right we have one go on this planet that We remember right and therefore you can solve for quality of life in a number of ways people get so instagrammed quality of life needs to be the you know eight-bedroom house in Palm Beach they MF Coast with the super fancy dish and all that stuff it's [ __ ] yeah you can have the same quality of life
of Living on a beach in beautiful weather in Nicaragua for a 20th of the cost but basically you got the same things you Got the MW air yeah you've got the jungle around you you got some Wildlife little crazy government that's the only thing yeah but yes I mean there are trade-offs right but um it's not about how big it is or the prestige it gives you it's the feeling it gives you so the first thing that I remember you know I was working finance and having a mortgage and having an apartment in London which
was expensive that's your GLG time that was GLG Goldman time but I When I was still at Goldman my dad and I went out for dinner and uh he was talking to me and he said and I said to him you know at some point I'd love to buy a house in Spain because I love Spain I love the lifestyle the quality of life and my girlfriend from University's mom lived in my Yorker so I'd spent time there and I knew it's kind of half India half um Holland right you know it's like a mix
yeah and it was like I feel home here and so he said you Know what a friend of mine selling a house so I'm like you know your dad says those things like yeah whatever and then he said yeah it's in this town called gandia never heard of it clearly wasn't a trendy area you know it wasn't in ather or something and I'm like okay whatever so then this was back in late '90s he faxes me a picture from a dinner of this house because he'd gone to the friend's house who was selling it and
it was a six bedroom House on a hill on a hillside overlooking orange groves 10 minutes from the beach 15 minutes from the beach I'm like okay it's not the most beautiful house in the world but it's pretty amazing I'm like yeah but how much is it Dad he like well let me find out came back it was £150,000 so $200,000 six-bedroom house so I went the next week and bought it right and because I was working in finance I had Enough cash to buy it now I'd won the game or yeah I'd won a
house i' I've now own a house in a beautiful climate in a safe lovely country spectacular views big enough to have my friends at low cost of living and so if anything went wrong in my career just go there I could work in a bar and still you know that is so liberating yeah I do risk my entire life in one go and that's what I realize is these lifestyle ratchets where they can't take it Away are super super good that's also I think the moment that you at some point I think we had this
conversation and you said I was in Spain I was walking on the beach and I saw this giant table of like 20 25 people with different Generations just like eating laughing sharing a bottle of wine having a good time in the middle of nowhere and that's when it hit you we like I want that that's right so you Blended that like I I'll win the Game I get a house already cheaper with all the perks of this quality of life plus that cuz I can have a pyer in on a Sunday in the Orange Groves
with friends cost basically nothing that's like wow but I then pursued that dream and I eventually moved to Spain in a beautiful house in the middle of a national park close to the beach and it wasn't the dream that I thought it was oh interesting part of it was to have the mountains I had a Mountain in my back Garden you know the nature being near the beach the quality of life of the chingos the little Spanish beach bars and all that amazing problem was in a small Beach town in Spain there's no intellectual Capital
everybody works in the tourism industry or builds houses that's it and so there's me living in the finance world right dig digitally I have nobody to talk to about any of it so when the financial crisis Was coming I was trying to tell my friends I remember sitting down there was 12 of us having a boy lunch a boozy lunch on a Friday and I'm like guys please be careful please they didn't understand what I was talking about they wouldn't listen to me and you know 50% of that table of people went bankrupt oh um
and there was nobody to talk so it becomes very lonely when you see the bigger world and they don't so in a way you Also needed that intellectual stimulation you were not hitting that but by being there that's right and that's when Cayman came or that's right and Cayman came by accident because I had two dreams in my life um Mediterranean Beach um um um Mediterranean living plus a tropical beach because I've been around the world diving it was one of the one of my reasons to travel to extreme places was to go diving and
I Love tropical beaches so I had been on a journey to look for a tropical beach to build a house you know one of those things that you want in your life that drive you forwards MH um you know whether I was going to get that or not but anyway I was Shark diving in the Galapagos hey um shout out the yeah and um I was with a bunch of people who were from the cman islands and they were were like well why don't you why don't you look at the Grand Cayman I'm like no
It's where we are today it's like it's Suburban it's not nature well it is nature I mean you can see here but it's not nature nature I'm like I want the remote tropical beach where I just it's just me and nature they're like well there's this weird place called Little Cayman you might like that I'm like what do you mean how weird they're like 140 people weird that sounds perfect CU you're kind of weird so I so I went there the following year and bought a Piece of land build a house and then ended up
moving here because I realized that I would get many of the things of the quality of life of Spain yes it's more expensive um yes the culture is not the same and not as deep but I could live a very nice life in great climate but I was surrounded by entrepreneurs interesting people if you if you think the default the default worker in Kia in the town I was in in Spain was really as I said t Real estate construction the average person here professional is a lawyer or an accountant right so they're just very
different they're also mainly in financial services so they understand a lot of that um but then it also I realized it was attracting Tech entrepreneurs crypto entrepreneurs and so I'm like okay this has got a lot of what I want also the economic center of gravity had left Europe it had left the UK and it massively shifted to the us it Wasn't even really in China or Singapore which was the early 2000s so suddenly here I am in the time zone where I'm an hour from Miami 3 hours from New York direct flights Houston Dallas
Toronto wherever you wanted to go and a direct flight to London around entrepreneurs smart people in a safe Pleasant environment and you get access to the energy of the United States and that was gamechanging for me That kind of changed my life so Ral for people who are watching this and listening they might be like okay that sounds amazing that sounds like such the life but I'm [ __ ] as you said the system is rigged I'm pissed my mortgage is this my insurance the maintenance cost or whatever it is and they might be like
okay but how do I do it because maybe you were at the right time in the right Market at the right moment back in the day when your salary you say was Like probably three times or something so for you buying the house the $200,000 was boom there it is done I won the game but let's bring that to 2024 let's pretend that aliens land in your backyard right now and they tell you R explain to me what's going on you're calling Lauren an alien by the way thank you Lauren for helping us I appreciate
it shout out to Lauren Mark who's the producer of this podcast today um no yeah let's say Aliens appear right now and say Ral explain to me what's going on with the financial system in 30 seconds right now what's happening it's the same story too much debt and everyone has to serve and not enough economic activity to pay for the debt so if you go back you've got a big credit card bill if your wages aren't going up your credit card bill keeps going up by 20% a year by interest before you know Your credit
card bill just gets bigger and bigger and bigger and you can't pay it back now governments are lucky because what they've got is the ability to print money right we don't get that but it's the equivalent of getting another credit card to pay credit card yeah that's what's going on as the population of most of the western world gets older old people if you think of your parents or your grandparents they spend less money and they don't do Productive work because they've retired so we're fighting this Mega trend of the Baby Boomers from World War
II MH the kids who got born after World War II are now in the 70s and that was the largest cohort of people in all history um and so what we've got is slow growth but massive debt so what is happening is governments are having to print more money and again anybody from South America understands this they print more money to pay the debt but Your wages don't go up they only go up a bit but what happens is things like houses scarce assets houses gold or even your ability to buy US Stocks they just
keep going up so you're getting poorer your wages buy less I'm not talking about buying bread and cheese I'm talking about buying assets what is an asset an asset is future deferred consumption you buy an asset like stocks let's say you buy an ETF in the S&P 500 why do you buy that because in the future you want to sell it to be able to spend the money for a profit yeah or pass it on to your kids whatever it is but it's to be spent MH and it it's supposed to have a rate of
return above inflation because you need to be compensated for locking your money up for 20 years whatever the period of time is but what we're finding is that those things so that future opportunity for Yourself is becoming more unaffordable took me three times income to buy my first house and now for the average person it's 10 times income so you can buy less of a house you can buy a third of a house versus what I could buy MH with the same economic circumstances you know when I was 28 years old most people can't do
it now so this is the problem that is happening in the world and this is not going away and so Governments are printing money to keep servicing this debt which is again for anybody here who's from Argentina Venezuela anywhere even Ecuador everybody's done it and then eventually the system collapses MH system doesn't collapse this time around because it's the us doing it and the Europeans and the Chinese but it's really the US system of f money don't forget the dollar is the world's Reserve Currency again anybody from Latin America knows what do they want dollars
MH don't really give a [ __ ] about anything else they want dollars and dollar dollars are 87% of World Trade It makes the world go around the world is 400% of GDP in debt of which 200% of that is dollars dollars dollars dollars dollars dollars and the US controls it all it's called the world's Reserve currency right so when they debase currency it's very difficult For them to lose control unless the entire world loses faith in the dollars but then where do they go there's no other currency what you do buy the Euro no
it's equally [ __ ] it arguably worse so they have this privilege of having the world's Reserve currency and then they debase it and scarce assets across the world go up so it's making everybody poorer everyone's in this same boat it's like a slow motion version of what happened in let's Say Venezuela but it's just slow it's 8% a year you don't see it it's not like a million per hyperinflation right 8% a year but you're getting poorer by 8% then there's inflation on top call that 3% so 11% a year your wages are getting
poorer yeah and to bring that to the Layman example if you have $100 in your account next year will be 89 of purchasing power for that amount yeah so by doing nothing you're getting just poorer and so you need to find a vehicle That or surpasses that 11% and then we get into this conversation we were told as kids would save money money right well so you need to save 11% of your income every year to not to just stand still MH right said that doesn't work and then you can say okay if you're in
the US or the UK or something they'll say well invest in your pension and and buy the S&P 500 buy stocks great sounds good because stocks go up by about 11% a year 12% a year on average because They're in the recessions and this that but us the average is that yeah average is around that over the last 20 years great so that doesn't get you ahead of the 11% MH of debasement 8% debasement 3% inflation so you're going nowhere you're locking up money to go nowhere okay it's better than nothing MH gold is the
same most real estate is the same so you're like oh okay how the hell do I get out of this trap now you have two answers one is to invest in yourself and Build a business it's hard but that's what you have to do you have to generate cash flow to invest if not you don't you can't invest right right so you need to generate cash flow so you invest in yourself build a business do whatever you can hustle work three jobs that's what everybody's doing but then the real magic is what do you invest
in and it's basically down to the two big Mega Trends there two trends that That are so obvious one is technology tomorrow is more digital than today yes or no and then it's a basic yes it's a no-brainer and it'll go up and down at various points but over time there's nothing to stop the digitization of the world and we're seeing AI as one of those Mega trends that goes on top of the internet Etc the other one which is actually technology that's also built on top of the internet is crypto but crypto is like
having a share of the internet Yourself so imagine how empowering that would have been imagine if every person who used Facebook was given a share in Facebook tired we'd all be super rich that's what crypto is and so you can invest in this and it goes up at about 100 to 150 to 200% a year depending what asset including three 80% draw Downs okay now you can unfuck your future pretty quickly because if you got $1,000 but it goes up 100% a year it just compounds and compounds and Compounds and now you've got the secret
it's the big secret it's the big opportunity it's in fact the biggest opportunity of all time but then we get into this and I'm with you but I'm just trying to be right now in the shoes of the average person who's not on crypto yet and they hear crypto and they associated with pony scheme it's a fraud it's going to zero it's backed by nothing then 22 happens there are black swans there's FTX or whatever happens to Happen and they're afraid how can we in the space SP be better to on board more people and
let them understand the big picture just are your you're trying to do right now so when you in a frontier go back to the United States in the 1800s there were Cowboys yeah there were bank robbers there was all sorts of crazy people there were everybody was fighting over the land the Mexicans the Spanish the English the French then the Gold Rush happened and was nuts right Yeah what you have is a lawless Society that's learning to organize it ends up becoming the United States of America so when there's massive opportunities it brings all sorts
of players right like the internet did from the Nigerian print scam to Google they all exist and over time the authentic businesses build scale and people get to understand them but in the early stage you don't really Know so it's a feature of an early stage Market of a frontier so what you're saying is okay well we do have easy ways here is Bitcoin is Bitcoin you don't rely on anybody it's this asset that's Global that's homogeneous that's available to everybody that you can buy from your mobile phone that cannot be destroyed cannot be intervened
by anybody it's yours okay well that's an easy bet I'm not now relying on a scam or anything else there's no Ponzi just is and then we look at ethereum well ethereum is like the supercomputer of of this new internet that allows you to have contracts online smart contracts that's what makes ethereum ethereum so then you can do all sorts of clever stuff whether it's from tickets to agreements to whatever Human Society is organized by contracts mhm so then what's the Probability of scammed at the token level zero these are hugee distributed multi-million people networks
speaking of ethereum and Bitcoin yeah and salana and many of the big ones by market cap the top ones kind of like the where people lose their minds is they want to get rich quick chasing the next meme coin the next big thing well because people suddenly start to say oh my God I don't need to be trapped in the world of 10% a year in the stock market right I've now been given this 100% a year and then you become greedy all you see is I could make a th% or 10,000% and then you
do stupid [ __ ] and that's when you get scanmed because now you're exposing yourself away from the simple bets of investing in the technology layer so now you're investing in the applications layer and that's when businesses are starting who's building what you know it's a mean coin It's a defi protocol it's all of these things iOS back in 2017 you've got to ask yourself are you qualified to be a venture capitalist investor early stage are you doing the due diligence taking the risk as well taking the risk right most they all are a power
law and so what that means is most of their bets go to somewhere near zero or let's say 20% go to zero 50% don't do anything and 10% make all the money now are you qualified to do that no then don't do it you don't Have to do that bet when the assets are growing at 150% a year at the base asset Bitcoin or ethereum you don't need to buy nfts you don't need to buy meme coins you don't need to do any of these things that's the really hard thing is the system sucks you
in to Greed if you're not careful and it's unnecessary the other interesting part now for for everyone watching and listening is that now the way I see it I as the average person in crypto is that Before it was always this fear of uh it could be taken away it's backed by nothing and Etc since January of this year of 2024 that were about to end he became finally Le with the ETF approval of Bitcoin pretty much legal in the US now we have a government like Trump that it's going to be more Pro crypto
Pro Innovation Pro technology and it's El on top of that but you get this predictions by bitwise and these giant you know institutions now giving really crazy Predictions of where it's going to be so my point that I'm trying to make here is like now we're having also the institutional big money the big players putting their chips into crypto yeah it doesn't matter you see everybody looks at it through their lens and the lens may be you're from Venezuela so you think you can have it expropriated MH or a gold investor in the US well
they took gold they didn't Do it in Europe but different people use their different lens but we don't realize and so you're worried about regulation right it's a global asset the Chinese have banned it the Indians nothing happens little dip here and there this is a network of millions of individuals this is not driven by the institutions it doesn't matter whether they come or not people want to be validated it's a ridiculous thing yeah oh black crck think it's good so Therefore I'm not stupid it's like you're not stupid cuz literally hundreds of millions of
people are using this right making money from it building on top of it and creating a new future so therefore you can't be stupid you do not need some bloke on television telling that it's valid so what we've done for the first time in history if we go back to how I started this journey those of us at the center would get the opportunities and then you would charge Layers of fees until it comes down to the individual well they didn't even see them they don't get to invest in Facebook when it launches or Uber
or a BNB or whatever anything right we don't get any of that stuff it eventually goes into the public stock market at several billion dollars yes it went up a lot after that but somebody's made made a million per returns before that right this is the complete inverse there were no Gatekeepers retailer first they front Run all of the institutions they get all the opportunity all of the upside and the institutions come later and force the prices up and we all get hilariously Rich genius it's a complete inversion of how the financial system works so
it doesn't really matter I know people want the validation regulation helps because it stops government shutting down your business in a different country so yes it helps but don't forget it's currently A3 trillion asset I think it goes to 100 trillion the only way it gets there is to have more larger and larger pools of capital coming into the space um but if you think of it those terms it's still only 3% of the journey to where it's going to in the next 10 years Jesus yeah so it's we at thesis of 100 trillion for
the asset class it goes up 30X from here I mean again people don't realize that am I too late bitcoin's at $100,000 am I too I'm like It's 3% and it's therefore it should go up 33x from here okay find me anything else assume that I'm Wrong by 50% it goes up 15x from here find me another investment anywhere in the world that will unfuck your future like this it doesn't exist certainly not one you've got access to or that's legal the other one would be drugs or whatever that's a completely different conversation yes but
that has a massive risk profile of loss of life Yeah right so I understand like people in economic Hard Times choose extreme situations now given the choice let's say you are on a Border Town in Mexico right right and you can either work for the cartel and get a decent living but you've got risk of death you can probably make high percentage well you will make high percentage returns in crypto and not have have to have risk of death so really it kind of should force A lot of people out of other Industries you know
more illegal Industries where people need to make money because the reality is people in the drug business aren't bad people necessarily they the system is bad of what they're doing but really they're just individuals trying to unfuck their future if you're you know if you're in uh the the cocoa farms in Peru you're not thinking that your farming is killing kids in nightclubs in Chicago you're like I need to make a living pay for my kids I don't want my kids to die off you know so the incentivization structure is very different but here we've
got something that can get you out of that it's fascinating the life raft you know and I I I see it here you know the guy who cuts my hair is from the Philippines and all the guys in the barber shop are all Filipinos and they're all crazy crypto dudes I'm like Why what got you into into this and Asians like gambling okay I get that but he's like simple is we spend send money home to our parents or to our families remittance payments yeah and we just learned that crypto was easiest rail so we
all open the binance account yeah P2P and that's it and then once I've got a binance account like what's this oh this is going out and then they're in right and so these are pretty simple folk from the Philippines I mean my barber had um here in the Cayman Islands if you're here for if you haven't got a a per residency every seven or 9 years you have to leave for a year and come back and reapply for your permit and he'd been off for a year and I just saw him last week I'm like
Jules what are you been up to were you working in the Philippines he like no said why not he goes salana he's like I didn't need to work really it's like yeah guess I made 10x in salana I spent a bit of that didn't work so I spent a year with my family doing some good stuff traded a bit of crypto I'm like okay that's the empowerment that's why you called the LIF chip Barber this is a barber from the Philippines that's working in the Cayman Islands and he cannot work for a year because of
his Investments that's La La Land go to a barber in New York City and say hey you're not going to work for a Year can you survive no Z for a week yeah zero chance Jesus you mentioned that key worth here into this whole thing by Saving or by anything you mentioned asset right that would be the logic where it demands you put your money into assets that's how you get out of the Rat Race that's at least the idea we got uh by the system but then because you can so just to clarify that
yeah you can earn income right the game is to try and Get some excess income mhm but if you don't invest then you're always having to work for that excess income yeah and you're not compounding the ability to get somewhere different in life that you want to and one of those asset classes that's been the ultimate aspirational goal for most of people is real estate my house the peace of mind you have no idea I li I love to live in the comment section of stuff and this is a Fascinating one because 90% of people
say no my mortgage is cheaper than rent the peace of mind that I get by having my own place that is mine is priceless then my head is like okay technically it's not yours you start paying property tax the government will take that property from you there's property tax there's maintenance cost there's opportunity cost that you could have put on bitcoin let's say you are missing those gains so there's a lot of things That people are Phantom things that they don't see and they're missing on the boat how can you elaborate on that because I
remember when you went on stepen Bartlett's podcast you went bananas when you said your your house is not an asset anymore it's not an asset find me anybody who sold their house to take the money out you don't you live in it you only would sell it under the worst dures the worst situation like I Was speaking to a friend of mine who fled Venezuela they sold all their assets far sale prices but otherwise look at your parents they still hone their house so what the [ __ ] was that money for what so they
have a roof over their head well you can rent and do that because as you rightly said if you don't pay you you go through tough times lose your job or your business falls apart and you can't pay your rent you don't Own the house it's gone goodbye so what's the difference to renting if you're not actually getting an asset now it's different if you're buying other houses as assets to build a portfolio multif family complex and rent whatever and I still don't even like that business but let's assume you'd want to do fine but
your house is not an asset it will get you nowhere in life you mean the average single family home yeah your yeah your apartment or whatever it is it Is not an asset now it it becomes an asset in lifestyle terms when you don't have a mortgage on it CU now it can't be taken away yes the government can theoretically but it comes much harder right so therefore that is the game which is the lifestyle chips that's lifestyle ratchet that is not an investment so the game should be how do I make enough enough money
that I can buy that apartment in Cash that is very different cuz the apartment is not the asset the lifestyle is the asset funny here I see you have a pointing coming with Dave Ramsey pay cash for your property for example yeah but most people don't have the opportunity but I'm giving you the opportunity I'm telling you what it is I'm telling you how to do it and most people still don't take it because they've been so poisoned by this idea that the house is now if you go to Germany most people don't own houses
they rent same in France very pragmatical people yeah but also because that they don't have a giant Financial system and it's a story told a mimetic which is you must get a mortgage as soon as possible in the house why because you're financialized so here's a story about this back in the early 80s the UK had been a more socialist more on the left than the right you as countries go from one To the other and Margaret Thatcher came into power now after World War III we had a huge issue we had asked men all
our men to fight and women to go through the hardship of War 20% of the entire population of Europe was killed many people came back from war injured they had nowhere to live they had to rebuild their lives and we started the National Health Service so did several European countries that's why the Europeans have free healthare and the US don't it's because we owed it to all of these people who came back from war injured there's no way they could afford it so the government had to okay so people don't really understand the impact of
World War I and two they were so big um the other thing is that there were people houses have been destroyed people didn't have to rebuild lives and there Was this young boom of baby boomers and people couldn't afford to buy the houses so the government built houses they were called Council houses and you can get them for free or very small rent you just had to prove that you didn't have a larger income Etc and much like healthcare you had Free Housing revolutionary idea what Margaret Thatcher did was realized those people because they don't
have a stake in the Economic system voted left give them the house and give them some debt they vote right so what she did was an populism yes and what she actually did was gave and a friend of mine you know we had a council state nearby me and my closest oldest friend grew up on the council state um their parents got to buy it for virtually nothing huge discount to its actual value so it like your aird dropped a House Jesus and you buy it for 20 grand and it's worth 120 Grand right so
suddenly you buy the house how do you buy the house with a mortgage now you're financialized these people went from creditors because they used to have their savings to debtors and now you're in the financial system and you're in the banking system and you're the self-perpetuating thing buy a house buy a house get more debt right fund the banking system the banking system funds The government it's all part of this kind of industrial Finance complex and the housing story is one of the stories told to you much like the S&P 500 um pension story is
one of these stories told to you that don't actually solve the problems anymore they used to many years ago and that's why I urge people to think differently and opt out of that system I'm not saying a house is a bad thing but don't think a house is An asset because you will never sell it and we go back to this so I I think the most important concept here is debt and you mentioned World War II and World War I and that one is key because with the fall of the Ottoman Empire and after
that World War I you see what you you've talked about this before the Treaty of Versailles and pretty much in today's money is like what8 trillion dollar of debt so pretty much so people can get the big picture we're speaking about That Europe got [ __ ] from the 1920 not just Europe it was one country Germany so what happened was after World War I which was the the last kind of gentlemanly War mhm we did the unthinkable which had never been done before which is we forced the country who went to war to pay
reparations to everybody else and we forced such a large debt now World War I was horrific it was the largest Lo loss of life the world had Ever seen it was awful but they forced reparations on the Germans the Germans could afford it they didn't have enough income mhm cuz they've been crushed by World War I I and so what happened hyperinflation what happens in hyperinflation populism what happens in populism militarism rise of Adolf Hitler then Europe goes to war all over Again because the Germans are pissed that they've lost everything and it was it
their fault was it not their fault yeah Wars of of course The Madness of people but also they were forced into a terrible situation this is no justification for the Nazi Germany or anything else but just saying what changes a population to do ridiculous things is when they become desperate and then led by an insane leader they can do truly terrible Things so that was the start of everything mhm that's why we went to war after that we killed each other to such dis disgusting degree people were so relieved when War finished they all had
kids they're like it's over they'd seen two world wars that generation two of two world wars so they had kids the Americans had come and become the Peacekeeper of the world we're safe we can have a family and we had the largest population boom in all recorded History now that seemed fine population growth equals economic growth the economy starts taking off once these kids get a little older and they get into the workforce problem is you put too many people in the workforce earning their first paycheck at the same time buying their first table chair
house car well that's an unprecedented amount of instant demand which caused unprecedented inflation obvious the other problem is is you put These 7 in the us alone there 79 million baby boomers you put them all into the workforce at the same time guess what wages don't go up m too many workers so they're all competing with each other and then you get to the '90s and we've got um the WTO agreement and the NAFTA agreement so now you're adding foreign workers into the equation so you're competing with foreign workers and you're competing with all of
your Other baby boomers around you oh and then we throw in the technological revolution of the computer and the do com bubble and then the 2008 crisis and so the Baby Boomers people talk and say well you know these are the richest generation of people ever utter [ __ ] the rich baby boomers are the richest people who ever lived the medium baby boomer in the United States has $150,000 in their pension Jesus that's basically going to see them let's assume They they spend 50 Grand a year it's three years how are they ever going
to survive which is what's keeping them having to work in their 70s in Walmart it's horrific and their kids the Millennials well there was 86 million of them it wasn't as large a percentage as the Baby Boomers were but 86 million Millennials and guess what everyone's working three jobs why too many Millennials look at what happened to University degrees they were told this Story get a University degree it's the most valuable thing you can do you'll learn more money all the Millennials being a quite compliant cohort all went and got a University degree what happens
you devalued them you debased University degrees to worthless pieces of paper so then they all had to go and do master's degrees and they were still worthless and behind those degrees there's again the same word Deb yeah so then so they forced you into doing it telling you This is the only way to unfuck your future whilst [ __ ] you with debt right so the the average master's degree student leaves with $120,000 in debt at the age of 24 years old is working now three jobs can't afford to move out of their parents can't
afford to get married can't afford to buy a house okay so the the first the next 10 years of their lives is paying off the $120,000 they can't make investments they I mean really is this what we're Going to do to people that's what we've done and this is why people are opting out and this is why people are angry is we are not solving this um we're making it worse and we make it worse because we keep financializing everybody and here we've got this asset again that's outside of this financial system it's a parallel
one that's being bootstrapped from the ground up by the people for the people and they will take it R why all of this um I could see so many people thinking well this guy clearly did well why bother putting himself into places where sometimes people are nasty online or they are you know disgusting and svad Vibes what's the Legacy that you want to leave behind like once Ral pal living in this this uh carcass of your body this Avatar that you got in this life will die and I've been blessed with something and that's somewhat
the ability to see The future and I can also see around me and recognize that people are [ __ ] angry and I can see why I'm very I'm one of the very few people who put together all these component parts almost nobody's put together that it's World War II that caused it right or World War I actually and it's the fall of the Ottoman Empire and the the end of the British Empire makes so much sense it's all the same thing And so and I figured out how the economic machine works and what's driving
it and the the debt thing so if I can help people get off this journey and onto a New Journey then we can reset all over again and if I can do that and still make money out of it myself I can walk away with a sense of Pride I've unfucked my own future and I've taken millions of people along with me now I won't be perfect I will get many things wrong People will hate me for periods of time um and that's painful but I don't know any way around it and I'm pretty damn
sure I'm right and I've been right since 2013 I mean don't forget that was $200 back then when I said it was the greatest trade of all time I didn't hold on to it all the time I've owned it for most of it but I still [ __ ] it up myself but um you missed that 10 next right yeah no well let me explain I bought it at 200 sold it at 2,000 then it went up to 20,000 fine it then fell and I did the right thing was buy it in a bare Market
when it was down 50% but I bought it back at 65,000 and so if I just held my 200 I would have made a lot more money but anyway it's a really so what's so amazing about this is basically I can forget all of the description of the space This will make a higher return than building any business you will ever build these fancy safs businesses they grow at like 50% a year that's an amazing business this thing grows at 150% a year so it almost makes doing anything else irrelevant you almost better just sell
your house and sell your assets [ __ ] off to a beat Shack in El Salvador stick it in Bitcoin come back in 10 years time And you'll your life will have been changed forever and and that sounds stupid but that's what it is Are You Afraid Of Death that's a question yes and no why because I haven't finished the journey I mean yeah I've finished many chapters I haven't finished the book it would only be that it be like really [ __ ] sake I haven't finished this yet what do you think is the
worst Advice that someone has ever given you I don't know no idea no because I tend to to get through life you have to forget all of the negative things CU if not they sit inside you I could have they shouldn't have I shouldn't have why did it happen to me all of that stuff you have to leave all of that stuff behind and so I don't think in those terms is there still a piece of advice from a mentor that you have in your life that you apply up to this Day no you piece
it together from everybody and everything and seeing life lived in different countries and different places and you know at different points different things become motivating to you or different things make you rebel against them you know what might have been my motivation when I was a kid which was like an English country house with a gravel driveway and a Jaguar is now makes my skin crawl I could never want to do that ever again You know I want different things so but that was my motivation to get into a university I want to be that
guy you were a kid in the 80s right in the UK yeah and that was the thing I wanted the big house and the you know the English Country House and the English car and you know all of that and now I'm like this is the worst thing in the world I could never want that different things motiv you different times so everything shifts around but the one piece of Advice that was given to me which is a bigger story than it sounds which was somebody said to me back when I finished University and they
said hey what do you want to do one of dad's friends what do you want to do now you graduated and I graduated in a recession so I was not going to get a job quickly but okay um I said I don't know it's between marketing because Dad was in marketing and I kind of understood it or Finance cuz that was all the cool kids and and uh he said It's pretty simple really he said you can go and work for Mars one of the great consumer marketing companies of all time and you can get
free Mars Bars or you can go and work for a bank and get free money so it's like you can apply that to anything you can be investor and you can make 8% a year because you own the S&P 500 or you can be an investor in cryptocurrencies make 150% a year you can go and work in finance industry now Let's say you want to work for a hedge fund CU that was glamorous and the hedge fund industry is shrinking and the returns have gone down from when I first started a great macro hedge fund
would try and make 30% a year returns they now are forced by their investor base to make 6% returns so you don't make any money but it's it's still deemed to be glamorous there's still some shine on it yeah well if you want to go and be an investor go in Crypto where the returns are Miles higher and you're going to get paid and you're going to get rich look for the secular Trend and it's not always the technology Trend doesn't have to be technology or crypto it'll be it can be the complete opposite too
I talked about this in the Steven Bart podcast is as we get more digital most of us crave authenticity and humanness MH so let's say again you are in Ecuador and you're thinking how The [ __ ] do I get out of this start a highend guiding company in the Amazon and charge rich people from Silicon Valley five times the going rate for a luxury experience you will get rich because it's a scarce thing that humanness that nature you find a cohort of people that will pay for the right Services deal with them um so
there's many ways of skinning this but it's looking at the mega Trends nature will be a mega Trend as well as Technology at the same time speaking of the audience that are watching this and they watch the C in terms of advice you already said someone from a mentor that you had or a friend of your dad back in the day now from you this journey that you had in your life if you could sit down with the r in his 20s in his 30s and in his 40s what's one piece of advice for every
decade for 20s 30s and 40s I wouldn't have done anything different literally Would never have done anything different but what could you tell them or r or people in those cohorts in terms of like what's the one thing that you should focus in your 20s in your 30s and in your 40s your 20s you don't know anything you think you know everything right I think we're still every we we still believe that in whatever age we have and so yeah okay but um but yeah 20 is more your 20s is identify the trend And throw
everything into it okay go all into something also build start building a network you are going to be defined by the people around you yeah the opportunities that come are from the people around you yeah you're the average of the five people that you surround yourself most with nobody gets the dream job by applying to a job in the paper you're asked because you've met somebody who knows that you're good at What you do network network network and that's not to be the dick who just tries to network everyone let me have a coffee and
hit them up on LinkedIn just be useful be around people be a good guy or girl add value yeah add value in your 30s is the time to cement all of that and start thinking out okay what's the first part of Lifestyle I want to take but you're still going to have to work really hard and then by the time and the 30s is most People go through the complications of marriage kids those choices and they become slightly obsessed by that whole thing but that's the time you should now have decided what risks you're going
to take with your future and you should be taking them because you've now gained knowledge and experience you might get one wrong but generally you should not be now making bets that you're going to get too many things wrong your 20s is for getting Things wrong because you can blow up and start again your 30s you don't really want to blow up and start again most people will take one big bet then and you know you should have made a good enough defined decision as is this the right choice for me whatever industry you choose
whatever job it is or investment it is uh in your 4S is all about compounding compounding lifestyle compounding friends compounding Network And that will pay for the rest of your life so you're setting yourself up in your 20s and 30s for your 40s 50s and 60s people don't kind of realize that I think the world owes them a living the first you know in the 20s and 30s the world doesn't own the living you need to and you're placing it before we start wrapping up this because we have a plane to catch um how do
you do it I there's there's a two-part question here because I I Really admire the capacity you have to be a founder and a co-founder in different businesses have a life have a wife have a everything and how do you like your time management or how do you do how how are you able to do so many things at the same time cuz I break it down to the single common elements all the same trade everything I do is the same trade lifestyle no the trade is capture the crypto opportunity or the technology Opportunity so
it's all one BET right all I'm doing is just doing a different few different ways of the BET yes there's complexity with managing people and businesses and all of that stuff and not letting it take over your life but it also is a period of time where this is it this is the [ __ ] big one there's no time to do anything else this is it this is the most important moment pretty much of everybody's lives and it's probably one of the most important Moments in all of humanity because of what's happening with AI
and so as people in crypto say it's time to lock in second part of that question how your power of resilience is Big because I've seen the online sometimes the negative comments when the markets are bearish and everything's red and people are nasty how do you manage to don't like that affect you I do of course it affects me it hurts me to the core what you have to do is Separate that group of negative emotions from the positivity that still exists and realize that it's not everything many people become overly sensitive because they see
the negatives only and think that is the truth but the truth is there's a whole bunch of people who like you for what you do so somehow you just need to balance it by percentage waiting now if the negative comments are growing faster and faster and faster maybe you got a Problem but if it's not growing excessive versus the overall opinion of R Paul whoever it is you just need to separate yourself you can't get sensitive when somebody criticizes you develop a thick skin pretty much I don't think you can develop thick skins you just
have to park it away in a box but it does hurt and it builds and so you do get sensitive so it doesn't go away I mean I'm still very scarred of two 2022 um but it's in a box and it kind of goes away and in that part so what what is that you do also to get out of it so you love music the lifestyle this house is called rock and roll so clearly called rock and roll this is but yes oh I thought it was a house name no oh it's just the
the theme yeah gotcha but I think that for you that vehicle that encapsulates everything that you are at The core is music right so is that something you use to get out of of of the negative moments or you isolate or what do you do to music nature travel and learning growing yeah yeah just learning of stuff everything anything you know broaden deepen your knowledge based on everything is um music is like traveling it just it's passion it's emotion it's memory music To me is a snapshot of memory I remember where I was when I
heard something who I was with everything else it's like food same wine same they're memories so a smell memory of a wine taste memory of a food what meal people were having together right these are just memory anchors right so yes they're pleasurable in their own right but they also they become a collection of memories power of nostalgia yeah yeah and that's super good so so there's that and travel does The same you because you're taken out of your everyday life getting up in the morning having your coffee reading your email blah blah blah and
suddenly you're in the jungle and the how monkeys stolen the bread from your table and you're like okay I won't forget this not because it's extraordinary for the Hal monkeys they live that life every day but it's extraordinary for you so you've now got a new life experience of living with Howa Monkeys the how monkeys were like well you know I've robbed humans every morning but you know it's it was amazing it's like it's like it happened to me in Zambia it really funny we were um we parked our Expedition trucks and um the friend
of mine who uh was kind of guiding us he's like just be careful baboons that a nightmare here because they got used to humans coming and baboons are super smart and they are thieves they're just the worst loners I Mean they're just the wor lers they're just the worst and so we're all being careful but the friend of mine typical bloke with ADHD with his dad leaves the door open I turn around I hear this screaming and shouting in this strong South African accent swearing like [ __ ] turn around and there is a giant
baboon sitting in the driver's seat of the car full silhouette like a human throwing packets of biscuits and food ripping over C with these trying to Get the baboon out but he's so scary got massive teeth and it's kind of just laughing the baboon's like I know how to do this I've been doing this all the time but I will never forget that memory right of me going into baboon world and seeing the baboons beat the humans so do you recall the first memory when music hit you and you were like oh this is it
was it boy or were you a kid what was it what was the first my parents were not massively musical they had it Background music um I think it was my sister probably buying or getting an abber single and then I remember I bought a single I remember the first album I bought was by the beat British album British band that was the first one I saved up in fact what i' done is not eat my lunch at school save the money and that's what I used to do I said not eat lunch and buy
records and then I was Really lucky so music you know it was just a very thing and the music of the late 70s in England was the music of rebellion because we've gone through these awful Economic Times and there was a lot of racism and music came out to get rid of racism and anger and all of this and it so it was a really powerful time this was The Clash and the pistols the pistols and all of this stuff but the pistols weren't really they were a bit more [ __ ] the system The
Clash and Stuff there was a lot of this race stuff right and these were Multicultural bands who gred on rock and reggae and just kind of overthrew a lot of the awful stuff that was going on we get through the 70s and ends up in Wham Club Tropicana and everything's now perfect we drink cocktails and and life moves on which is the story of the ' 80s um so it really signifies social change more than it does now now we've kind of got most things down to pop and yes we did have Pop but even
Wham Club Tropicana meant something it was the chance my generation who grew up with violence writing in the streets to go you know it's all right we can just go to Spain drink cocktails meet girls and it was like it was like being given permission not to be scared anymore um so music has a big place I was also very lucky I grew up in a house in a street of 10 houses uh one of the kids uncles owns Reading Rock Festival One of the oldest largest rock festivals in the world and and certainly in
England so at the age of 11 years old I was had backstage passes oh my God you see all the heavy metal bands of the age because it's a very heavy metal period so 11 years old Jesus that's great exposure yeah so it's been in my blood ever since holy okay final one R real Vision R pal itself what's coming for you in real Vision um the story is just the same Story it just keeps getting bigger you know as you bring more people into the system and more people of understanding you can help more
people at scale which is what we do we just have to figure out how to do it it's not just media anymore there's millions of podcasts you don't know what's good and what's not and I can see it I can see the terrible information people are getting I can see the videos of mine being cut up and taken out of context like you're Shielding a token he's like nope I didn't no and it's like so the power of the people I've talked about this this is a ground up movement the whole financial system is being
built from the ground up the power is to educate people give them the tools and they will make better decisions most people who are inves in crypto at a sensible level not punting around mean coins are making better decisions than most investment Advisers who' have thought that right we were told that you can't surely you needed to have a degree from Harvard to do that and you needed to be trained and you need to be a CFA none of it is true we as the people can educate each other make mistakes learn and do things
together so it's the it's the power of the hive mind to unfuck our futures collectively is what I'm trying to get to and that is the next leg of real vision and that's The leg for me and at some point I'll get off that ride but it ain't done yet thanks so much R this was incredible I appreciate the time and and the conversation I feel like we could keep going but we just need to leave um there's something I just wanted to leave you with you just mentioned authenticity and we've seen this over and
over and over you see now people I am an old soul I I vinyl my car has a cassette player I'm old soul in a way so The more digital we're going to get the more avatars a avatars and everything I think my thesis is that people will crave more of the analog experience of this of a face to face of the real person with the real authenticity showing who they are and I think that's one of the components of why you excel at what you do you as you said you're a great communicator you
can synthesize you know me I'm the same person yeah yeah you're on the putting a show I Don't change no no whether it's a work meeting or whether it's a no but that's what will be the big thing I think yes attention but blended with an authentic person it's all going you think with theyi it's all gone I think that people will crave the original person you won't even know we'll see you won't even know it's like oh they're never going to listen to vinyl they're never going to listen to it on CD they're never
going to stream it's all [ __ ] you just you Get over it before you know everything else it's just Nostalgia The Nostalgia is powerful yeah but it ain't the size of Spotify oh no no not to that mainstream level but there will be a group of weirdos like me that will crave the authentic analog experience of of course and that we talked about that that was the authentic you know the other side of the coin which is you the Le technology will lean away from it m yes but trust me most people won't care
Awesome R please do everyone watching here to this camera where can they find you and follow you uh easiest way to find me is on X so or Twitter so that's Raul R not the Spanish spelling this is the French Portuguese spelling r GMI um and really I think if there's one thing I can do for you is there'll be a link below this which is I put together a plan we didn't really talk about it today but I think we've got about 6 years left before everything changes and The economic system gets warped by
Ai and robots and all of these things and I think we've got a six-year period that we can actually unfuck our futures in the ways that I've talked about here and I've put a document together it's free it's part of real Vision but click on the link below go to that read it watch the video you'll have a much better understanding of what you can do for yourself how you can take control of yourself and navigate this journey and Really you know most people probably watching this are a millennial because most people are in the
world and therefore you're probably 35 years old so basically what I'm saying is we can sort this out that you're out of the other side by the time you're 40 that's pretty decent so give it a go thank you so much now actually they used said the sixe thing [ __ ] well the thing is I think this is important that will add value but like in layman's terms you Have like you know the GP GDP formula so population productivity and debt those indicators are [ __ ] right so productivity is down at this point
let me explain yeah GDP growth the growth of economies the health of economies is is the population growing cuz more people mean more GDP but need to be productive so they can't just be rice workers or they can't be homeless or they can't be whatever they need to be productive workers yeah so growing Workers that are productive and growing debt because we talked about how the debt system builds economic growth it robs it from the future we've got the opposite population growth is falling productivity because old people aren't productive and debt growth broke in 2008
and we're just servicing debts Ai and robots change the entire equation AI infinite human knowledge and in infinite human knowledge workers Robots are infinite physical labor right that's the end of the system our entire political system is based on Capital and labor all of the labor side within 15 20 years gone completely so we've got a complete change to the system coming we don't know what it means you can either fear it or invest in your own demise but most of the big changes from Ai and Robotics don't happen immediately but by five or six
years things are Going to get weird going to get really weird so all I'm saying to people is you don't have long I don't know what looks on the other side I'm not a doist I think it's pretty optimistic and different ways of doing things but in a wholesale societal shift let's short our [ __ ] out first so we can embrace it with security and comfort that we're going to be okay and the way that okay population and productivity gets attacked by Ai and Robots Okay but the debt will be paid by the gains
if you invest in this trend so that's how you kill the debt component how will that get fixed debt only matters as a percentage of GDP MH so let's say you earn $50,000 a year and you in debt $200,000 a year okay that matters well if your earnings are $200,000 a year and you're in debt $50,000 a year $200,000 less so you earn a million it's a matter of GDP growth Ai and robots increases GDP growth debt to GDP goes down gotcha and so therefore it's not a big burden because the economy is growing fast
enough to make all the economic activity it's it really is pretty basic but what we've got right now is an overend person that isn't is now working Walmart but they used to work in the Ford factory building cars and they're up to eyeballs in debt that's where the world is and what We're going to do is replace them by infinite people infinite knowledge lower cost and it's not like we're going to rob those people of their future because that they're going to retire they want to retire they just can't afford to and then the debt
will disappear and that will unfuck a lot of people's future amazing I think that's the best spot to end this thank you so much for your time R and go get that guide is Amazing I think it's very simple and real Vision will help you unfuck your futures guys so join it's free talk soon thanks bye-bye hey thanks for sticking around to the end uh look if you enjoyed it hit the Subscribe button and check out the video here on the right hand side I'm sure you'll enjoy that one as well and if you're ready
for more go to real.com jooin I'll see you there
