Crypto Emerges as a Viable Escape from the Declining American Dream, Asserts Macro Investor Raoul Pal
Former Goldman Sachs Executive Raoul Pal Advocates Crypto and Tech Investments as Essential Amidst Anticipated 'Death of the American Dream'
Speaking to his 997,300 followers on social media platform X, Pal highlights that real wages in the US have stagnated since 1965, adjusting for inflation. This perpetual cycle of stagnation can be disheartening…
The seasoned crypto optimist further observes the ongoing escalation of asset prices and debt in the US, juxtaposed with a decline in life expectancy.
"Pal Predicts 2024 Election to Intensify Societal Challenges, Citing 'Deep Fakes' and AI Misinformation"
Pal anticipates that the 2024 presidential election will exacerbate societal issues, exacerbated by the influence of "deep fakes" and AI misinformation.
"In 2024, as the Fed increases money supply and the government issues more stimulus to sway voters, the cycle of printing money will continue, leading to further economic decline. The solution lies in owning assets that thrive under these conditions: crypto and technology. Other investments can be wealth traps. Owning even a small amount of these assets can foster a sense of control amid uncertainty. There seems to be no alternative. Choose wisely."
Sep 05, 2023
