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A Historical Look at Recession Watch (w/ Kiril Sokoloff & Raoul Pal)


Raoul Pal | The Fourth Turning: Generational Theory and the Future of Global Money

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In Episode 96 of Hidden Forces, Demetri Kofinas speaks with investor and co-founder of Real Vision, Raoul Pal about the future of global money in a multi-polar world, including a discussion about Bitcoin, Libra, debt, demographics, and much more.

The inspiration for this conversation derives from a theme captured in William Strauss and Neil Howe's Generational Theory, also known as the Fourth Turning, where the authors describe a four-stage cycle of social moods associated with recurring generational archetypes, which they call turnings.” These include: The High, The Awakening, The Unraveling, and The Crisis. The question we explore in this conversation is: “are we at the fourth turning, and if so, what does this mean for the type of change we can expect to see in the coming decades?”

All of this leads to a discussion about digital currency in a multi-polar world where the power of governments to maintain the global order is diminished and where corporations and the private sector may gain an opening to provide alternative forms of money in support of global trade and commerce. Where does bitcoin fit in this world? What about alternative protocols and currencies? Will governments even allow them? Can they stop them or will they welcome them and does this point the way towards a path that will lead inexorably towards truly global money?

As always, subscribers to our Hidden Forces Patreon page can access the overtime to this week’s episode, which includes a continuation of our conversation about digital currencies, but also a discussion about central bank policy at the Fed, the ECB, and the BOJ, as well as a discussion about economic indicators and what Raoul relies on most for his own projections about where we are in the business cycle.

Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou

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Raoul Pal: Bitcoin & the High Probability of a Global Recession

Raoul Pal is a former hedge fund manager, the publisher of the Global Macro Investor (a macro-economic and investment strategy research service), and the co-founder and CEO of Real Vision, which he describes as the 'Netflix of Finance' (Long-form interviews with the top investment and financial people in the world).
Prior to this interview, I had recently seen a thread Raoul made on twitter, in which he shared several charts which depicted an alarming state of affairs in the global financial system. I wanted to get Raoul on so I could pick his brain a bit about what he was seeing, how to 'play' this market, hie views on Bitcoin, and what Bitcoin's role will be in this rapidly changing environment.

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256 TIP. Macro Concerns with Raoul Pal

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On today's show, we talk to the founder of Real Vision TV, Raoul Pal, about the troubling signs in the global economy.

2019 Value Investing Conference | Keynote Speaker: Kiril Sokoloff

April 10, 2019: Kiril Sokoloff, Founder and Chairman of 13D Global Strategy & Research, was the Keynote Speaker at the Ben Graham Centre for Value Investing's 2019 Value Investing Conference in Toronto, Ontario, Canada. Mr. Sokoloff sat down for a conversation with Prem Watsa, Chairman and CEO of Fairfax Financial Holdings Ltd., to discuss the topic “Opportunities and Risks in the World Economies and Stock Markets”.

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