WTF is Going on in the Markets? With Raoul Pal, Caitlin Long & Travis Kling

07/03/20 • -1 min

“This isn’t going to be Trump’s problem, this isn’t going to be J. Powell’s problem, this isn’t Biden’s problem, this isn’t Mnuchin’s problem. It’s not going to be any of their problems, it’s going to be our problem.”
— Travis Kling

Location: Zoom
Date: Monday 29th June
Company/Project: Real Vision, Wyoming Blockchain Coalition, Ikigai Asset Management
Role: Co-Founder & CEO, Co-Founder, Chief Investment Officer

In late 2019 and early 2020, the global economy was showing signs of stress. Even before coronavirus, we saw the Fed having to step in and provide liquidity for the repo market and issuing rate cuts. But the rapid spread of coronavirus around the world and the resulting lockdowns has further exposed cracks in the global economy.

Stock markets experienced high volatility as the economic impact of businesses closing hit with Wall Street suffered its worst day since ‘Black Monday’ and oil prices going negative for the first time in history. Governments responded with unprecedented levels of quantitative easing, and some countries are now seeing their currencies collapsing.

Many analysts have suggested that rather than coronavirus being the cause of this economic downturn, it was instead the black swan event that acted as the pin that popped the bubble and the enormous debts that have been amounting for decades was a disaster waiting to happen.

Over the past year, I have spoken to several economists including Raoul Pal, Caitlin Long and Travis Kling, all of whom warned that a financial collapse is coming.

So, what is happening at the moment, what can we expect to see next, and how can we all prepare?

This interview is from a panel I recently hosted for Real Vision’s The Crypto Gathering, with Raoul Pal, Caitlin Long & Travis Kling. We discuss the early warning signs of systemic issues in the global macroeconomy, what might happen next and where Bitcoin fits into this.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD238 Show Notes: https://www.whatbitcoindid.com/podcast/wtf-is-going-on-in-the-markets

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Leave a review on

Location: Zoom
Date: Monday 29th June
Company/Project: Real Vision, Wyoming Blockchain Coalition, Ikigai Asset Management
Role: Co-Founder & CEO, Co-Founder, Chief Investment Officer

Over the past year, I have spoken to several economists including Raoul Pal, Caitlin Long and Travis Kling, all of whom warned that a financial collapse is coming.

So, what is happening at the moment, what can we expect to see next, and how can we all prepare?

This episode’s sponsors:

-----

WBD238 Show Notes: https://www.whatbitcoindid.com/podcast/wtf-is-going-on-in-the-markets

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:

Become a Patron and get access to shows early or help contribute

Leave a review on

Previous Episode

The 1 Bitcoin Trump Bet with American HODL & Phil Geiger - WBD237

Location: Zoom Date: Tuesday 23rd July Company/Project: N/A & Unchained Capital Role: N/A & Director of Product Marketing

Throughout 2019, President Trump's re-election campaign looked to be on steady ground, but 2020 has been a very different story.

Following the outbreak of COVID-19, countries across the world have gone into lockdown. However, Trump, Fox News and a large number of key Republicans initially played down the risk of the pandemic, and Trump has faced fierce criticism for his lack of decisive action. The US has been the most severely affected country, with around one quarter of all recorded infections and deaths.

During this same period, the killing of George Floyd sent shockwaves across America. Millions took to the streets to protest police brutality and to campaign for Black Lives Matter. Many of these protests quickly turned violent and, again, Trump was criticised for his lack of decisive action and leadership, epitomised when he retreated to his bunker rather than addressing the nation.

The pandemic and protests have opened up the election race, and while Trump has furiously Tweeted, Joe Biden has mostly retreated from public view. Support for Trump appears to be dropping, and most recently, Trump's rally in Tulsa was only attended by 6,200 people in attendance, in a building with a 19,000 capacity.

While 2020 has been mostly negative for Trump's re-election campaign, he does have fiercely loyal supporters, and while the polls indicate Biden has a clear lead, this will likely be another close election.

I tweeted that I would bet anyone $5,000 in Bitcoin that Trump would lose. American Hodl (@hodl_american) took me up on the bet. Phil Geiger, from Unchained Capital, agreed to arbiter the debt, holding the 3rd key in a multisig wallet we set up using Unchained Capital's Caravan product.

In this interview, Hodl, Phil and I discuss the bet, US politics, if the current economic and social situation is positive or negative for Trump, populism, voter suppression and the election race.

Next Episode

WTF is Going on in the Markets? With Raoul Pal, Caitlin Long & Travis Kling - WBD238

Location: Zoom Date: Monday 29th June Company/Project: Real Vision, Wyoming Blockchain Coalition, Ikigai Asset Management Role: Co-Founder & CEO, Co-Founder, Chief Investment Officer

Over the past year, I have spoken to several economists including Raoul Pal, Caitlin Long and Travis Kling, all of whom warned that a financial collapse is coming.

So, what is happening at the moment, what can we expect to see next, and how can we all prepare?