Raoul Pal & Julien Bittel EXPLAIN The Everything Code

The Everything Code is the most important investing framework for our times.

This is the ULTIMATE macro masterclass. It will give you everything you need to understand how the economy works, how the markets work, what debasement of currency is, and why liquidity matters. It brings it all home with how to forecast asset prices and why crypto is not only the greatest macro trend of our lifetimes but also the most important investment of all time.

Raoul covers everything from the business cycle to Bitcoin, Ethereum, Solana, Alts season, NFTs, cyclical stocks, technology investing, commodities, bonds, emerging markets, oil price, inflation, GDP growth, and much more! Recorded on May 17, 2024.

Connect with Julien Bittel:

CHAPTERS
(00:00) Introduction and Sponsor Message
(01:15) Raoul Pal Introduces the Show
(01:47) Raoul's Background and Career Journey
(02:47) Origin of Global Macro Investor
(04:22) Economic Growth and Debt
(06:23) Government Debt and Financial Repression
(09:23) Demographics and Economic Trends
(12:55) Business Cycle and Liquidity
(15:01) The Importance of Liquidity in Asset Prices
(18:13) Predicting the ISM Cycle and Asset Prices
(22:48) Global Liquidity and Debt Cycles
(25:36) Impact of Demographics on Debt and Growth
(27:24) Correlation Between Liquidity and Asset Prices
(30:31) The Role of Debasement in Asset Prices
(33:26) Forecasting Liquidity and Asset Prices
(36:06) The Role of Cycles in the Economy
(38:13) Correlation of NASDAQ and Liquidity
(41:04) Forecasting the Liquidity Cycle
(43:25) The Future of Asset Prices
(46:23) Summary of the Everything Code
(49:57) Business Cycle and Asset Allocation
(53:21) Macro Investing Tool and Real Vision Services
(56:37) Importance of CEO Confidence and Earnings
(01:00:09) Macro Summer and Seasonal Investing
(01:03:43) Performance Across Different Macro Seasons
(01:06:13) Identifying Macro Trends
(01:08:29) Expansion and Recovery Indicators
(01:11:14) Real-Time Example of Growth Momentum
(01:13:57) Using Lead Indicators for Investment
(01:16:22) Commodity Prices and Financial Conditions
(01:18:57) Small Caps and Earnings Cycles
(01:22:09) Materials, Industrials, and Financials
(01:24:45) Banks and Cyclical Performance
(01:27:13) Copper vs. Gold Ratio
(01:29:47) Altcoins and the Business Cycle
(01:32:22) Altcoins Market Cap Breakout
(01:34:31) Technical Analysis of Altcoins
(01:36:58) NFTs as Trophy Assets
(01:39:26) Impact of Liquidity on NFTs
(01:41:57) Crypto Adoption and Growth
(01:44:32) Super Massive Black Hole in Crypto
(01:47:23) Macro and Crypto Convergence
(01:50:17) Conclusion and Final Thoughts

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#raoulpal #crypto #macro #bitcoin #ethereum #sol #businesscycle #investing #investment #trading #tradingstrategy #Theeverythingcode #liquidity

[RaoulPalTJM]

CHAPTERS
(00:00) Introduction and Sponsor Message
(01:15) Raoul Pal Introduces the Show
(01:47) Raoul's Background and Career Journey
(02:47) Origin of Global Macro Investor
(04:22) Economic Growth and Debt
(06:23) Government Debt and Financial Repression
(09:23) Demographics and Economic Trends
(12:55) Business Cycle and Liquidity
(15:01) The Importance of Liquidity in Asset Prices
(18:13) Predicting the ISM Cycle and Asset Prices
(22:48) Global Liquidity and Debt Cycles
(25:36) Impact of Demographics on Debt and Growth
(27:24) Correlation Between Liquidity and Asset Prices
(30:31) The Role of Debasement in Asset Prices
(33:26) Forecasting Liquidity and Asset Prices
(36:06) The Role of Cycles in the Economy
(38:13) Correlation of NASDAQ and Liquidity
(41:04) Forecasting the Liquidity Cycle
(43:25) The Future of Asset Prices
(46:23) Summary of the Everything Code
(49:57) Business Cycle and Asset Allocation
(53:21) Macro Investing Tool and Real Vision Services
(56:37) Importance of CEO Confidence and Earnings
(01:00:09) Macro Summer and Seasonal Investing
(01:03:43) Performance Across Different Macro Seasons
(01:06:13) Identifying Macro Trends
(01:08:29) Expansion and Recovery Indicators
(01:11:14) Real-Time Example of Growth Momentum
(01:13:57) Using Lead Indicators for Investment
(01:16:22) Commodity Prices and Financial Conditions
(01:18:57) Small Caps and Earnings Cycles
(01:22:09) Materials, Industrials, and Financials
(01:24:45) Banks and Cyclical Performance
(01:27:13) Copper vs. Gold Ratio
(01:29:47) Altcoins and the Business Cycle
(01:32:22) Altcoins Market Cap Breakout
(01:34:31) Technical Analysis of Altcoins
(01:36:58) NFTs as Trophy Assets
(01:39:26) Impact of Liquidity on NFTs
(01:41:57) Crypto Adoption and Growth
(01:44:32) Super Massive Black Hole in Crypto
(01:47:23) Macro and Crypto Convergence
(01:50:17) Conclusion and Final Thoughts

[RaoulPalTJM]

Smash that LIKE BUTTON and SUBSCRIBE for more...

[discophil]

Possible one of the most important investment videos on the internet right now.

[Matthew-sgew]

The most comprehensive macro cycle breakdown I’ve ever seen - mandatory viewing

[e]

Raoul Pal is the equivalent of the Rich Dad everyone didn't have growing up in the book Rich Dad, Poor Dad.

[angryBOT]

Tremendous knowledge put together in less than 2.5 hours. Everybody who is not willing to watch and learn, deserves to stay in the rat race. Raoul and Team created this and share it all for free. Don't put it to waste just because you want to "save" yourself 2.5 hours.

Thank you to everybody behind this!

[thomasthetankengin]

Possibly the single most valuable video on YT ever. Thank you Raoul.

[adrianh]

Thank you for this inside You are decent man in a world filled with scammers.
Well done.

[ovidiustalinescu]

This should have gone viral...I feel sorry for who didn't watched this

[D.T.I.]

Very generous of you to give this information for free

[ProductiveVengeance]

A galactic level of macro-financial understanding, spoken in a way the common man/woman can relate. Exponentially beneficial.

[RojKiChikChik]

4 year economics degree is done in 2 hours. Thanks Raoul Pal

[chriseagle]

Thanks Raoul and Julien..as a teacher of mostly low to middle income students studying Economics, this will change lives..forever grateful.

[thomasweller]

Philanthropy for the average man. Thank you for you efforts in helping the average middle class person regain some wealth again. Pure generosity.

[jeremieclaudegoureldestper]

Thank you for your work, 25 years old and excited to study your work for the many years ahead

[clarewithrow]

Totally and utterly brilliant. Value beyond value 👏 thank you 🙏

[sameerjavidi]

Cant commend you both enough for making this public, what a contribution to the lives of thousands including myself. Thank you both for this clear picture of how the world really works, indeed rare in an age where the majority are asleep to this life changing knowledge.

[devinbaker]

This is the best, highest-density, highest-signal encapsulation of the current state of macro & future macro thesis I've ever seen

PURE GOLD

[jasonchatoor]

Much appreciated gents! Possibly the most important video for digital asset investors to see and understand

[anarchistbuddhist]

Gotta say the amount of world class knowledge and insights were being given from this is phenomenal. Thank you Raoul and Julliene.