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.

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Swift

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Eurodollar funding

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Getting money to those who need it

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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