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Global recession is being talked about literally everywhere. Between the gas pump and groceries alone you can\u2019t help but feel the tension rising.\nRaoul Pal, a former hedge fund manager that retired at the age of 36, serial entrepreneur, and global macro investor expert is joining Tom for a second time to discuss the realities people need to be aware of to thrive in a global recession.\nA word of wisdom he shares that was passed on to him is, \u201che who has cash in a recession is king.\u201d The bottom line Raoul is openly sharing is that income and the ability to advance on opportunities makes all the difference.\n\u201cBuy when there\u2019s blood in the streets, even if the blood is your own.\u201d - Nathan Rothschild\nHaving a solid work ethic, a strong (and maybe unreasonably optimistic) belief, coupled with income and the knowledge to look for moments of extreme weakness to buy and make moves, without leverage, against opportunities can get you to the other side of this crisis potentially better off than when it all began.\nYou get to decide what to focus on. Will it be the existential global crises or the opportunities most are too scared to see or take advantage of?\n\nCheck out our sponsors: \nSkillshare: Explore your creativity at skillshare.com/impacttheory for a 1 month FREE trial of Premium Membership.\n\nSHOW NOTES:\n0:00 | Introduction to Raoul Paul\n1:10 | The Makings of a Global Recession\n12:30 | Money Market & Loanable Funds\n21:00 | Debt and Leverage Explained\n32:56 | Stopping the Economic Implosion\n47:23 | Death of the American Dream\n54:47 | Opportunity for Growth\n1:09:36 | Thriving In Volatile Markets\n1:18:39 | Changing Global Order\n1:28:37 | How Raoul Increases His Options\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