Podcasts: Raoul Pal "Bitcoin Life Raft" and CBDCs - REACTION - E220 🔗 3 years ago
- Category: Podcasts | Bitcoin & Markets
- Author(s): Ansel Lindner
- Published: 2nd November 2020 13:00
Original video: https://youtu.be/qL2LfVRl3J0?t=315
Full show notes: https://bitcoinandmarkets.com/e220/
5:15 - Introducing the problems faced by the USD system
I agree there's problems, but not the things he lays out. I believe his arguments show he has not considered monetary convergence and has a relatively mainstream understanding of the current system.
9:50 - CBDC
Raoul claims the CBDCs are a way to address the problems he has laid out. Again, I disagree that the problems are what he says, and I also disagree that CBDCs can do what he thinks.
The three big problems he lays out:
16:25 - Cash, freedom, and an agreement of nations (Bretton Woods 2.0) 23:15 END
