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On Today's Episode: What in the crypto is actually going on? In the middle of the financial crisis we\u2019re experiencing, people are acting out of desperation, and emotions are possibly leading the charge. Raoul Pal is back to help us understand what is the current state of crypto, why FTX has been using customer money and more importantly, why is this not as unusual as you may think. Raoul\u2019s insights as a macro investor, former hedge fund manager that retired at 36, and co-founder of Real Vision, a financial media company, takes us to a high level view to string together how world history and demographics have brought us to this point.\nThe key takeaway here for you is that, \u201cthe game of money is a game of psychology.\u201d Tom Bilyeu Once you understand that this is a game, we need to know the players, the rules. The ultimate indicator of how you play this game, as Raoul explains it, is the future version of yourself and what that version wants. It indicates your debts, your risk tolerance, and what your next financial move will be following this interview.\nWhatever you do, do so from a place of minimizing your emotional response and play the game well.\n\nSHOW NOTES:\n0:00 | What In The Crypto Is Going On?\n14:02 | The Emotional Cycle of Money\n23:46 | Inflation Vs. Debasing Currency\n36:37 | Why Velocity of Money Is Slow\n46:54 | Do We Need Central Banks?\n56:34 | Future Economies with Tech \n1:16:42 | Can Debt Stimulus Solve This?\n\nFollow Raoul Paul:\nWebsite: https://www.realvision.com/\nTwitter: https://twitter.com/RaoulGMI\nInstagram: https://www.instagram.com/raoulgmi/\nYouTube: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A\n\nSupport Our Sponsors: \nThis episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/impacttheory and get on your way to being your best self. \nSign up today at butcherbox.com/IMPACT and use code IMPACT to get FREE RIBEYES for a Year plus $10 off.\nINVEST IN YOURSELF NOW: https://bit.ly/3WUKBTh\nFREE LIVE WORKSHOP HOW TO MAKE ANY GOAL STICK, REGISTER NOW: https://bit.ly/3X5xHlE\n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\nLearn more about your ad choices. Visit megaphone.fm/adchoices