Raoul Pal "Bitcoin Life Raft" and CBDCs - REACTION - E220

Today, I listen along with you to Raoul Pal's recent video The Bitcoin Life Raft and react to it. He is a macro forecaster and concentrates on bitcoin and Central Bank Digital Currencies. I disagree to many nuanced points and I think it is a great learning experience for the audience to step through these ideas together. Original video: Full show notes: 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