Currency and Inflation
Raoul discusses the dramatic decline of a basket of currencies against gold since 2008, attributing this to central banks' quantitative easing. He highlights the generational shift in asset ownership, noting that while baby boomers are retiring and selling assets, millennials are entering the workforce under different economic pressures. As a result, real wages have stagnated, and millennials can afford significantly less in terms of housing compared to their baby boomer counterparts at the same age.In this clip
From this podcast
The Prof G Pod with Scott Galloway
Crypto, NFTs, and Blockchain ft. Raoul Pal
Related Questions