Hidden Forces

In Episode 96 of Hidden Forces, Demetri Kofinas speaks with investor and co-founder of Real Vision, Raoul Pal about the future of global money in a multi-polar world, including a discussion about Bitcoin, Libra, debt, demographics, and much more. The inspiration for this conversation derives from a theme captured in William Strauss and Neil Howe's Generational Theory, also known as the Fourth Turning, where the authors describe a four-stage cycle of social moods associated with recurring generational archetypes, which they call "turnings.” These include: "The High", "The Awakening", "The Unraveling," and "The Crisis." The question we explore in this conversation is: “are we at the fourth turning, and if so, what does this mean for the type of change we can expect to see in the coming decades?”  All of this leads to a discussion about digital currency in a multi-polar world where the power of governments to maintain the global order is diminished and where corporations and the private sector may gain an openin