Uploaded July 2026 | Updated September 2026, 3 weeks ago
Raoul Pal revisits The Everything Code — the macro framework he built to explain how debt, demographics, liquidity, business cycles, technology, and crypto all fit together. In this presentation, Raoul argues that global liquidity remains the single most important force in markets, shaping everything from asset prices and business cycles to inflation, inequality, and long-term investment returns.
🔥 *Download Raoul Pal's 4-year investing roadmap for free:* rvtv.io/41fVHWF
Timestamps:
0:00 - What Is The Everything Code?
1:16 - Why Global Liquidity Became the Dominant Force
2:22 - The Debt Refinancing Cycle Explained
4:36 - The New Real Vision Dashboards and Platform
5:00 - The Real Cause: Demographics and World War II
6:17 - Why Debt to GDP Keeps Rising
8:07 - How Liquidity Funds the Debt Problem
9:37 - Why Debasement Drives Asset Prices Higher
11:36 - Why Technology and Crypto Outperform
13:09 - Liquidity vs Bitcoin and the Nasdaq
14:28 - US Liquidity, Narrow Liquidity, and M2
18:38 - Why Banks Need to Buy More Treasuries
21:24 - Excess Liquidity and Why It Matters
24:49 - The Business Cycle and The Everything Code Dominoes
29:51 - Why AI and CapEx May Extend the Cycle
35:39 - What The Everything Code Means for Your Future
Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.
🍌 Get your Banana Zone swag at the Real Vision merch store: shop.realvision.com
Connect with me:
Twitter (X): twitter.com/RaoulGMI
Instagram: instagram.com/raoulgmi
LinkedIn: linkedin.com/in/raoul-pal-real-vision
My other work:
Real Vision: rvtv.io/3LHYIaH
Global Macro Investor: globalmacroinvestor.com
The Exponentialist: realvision.com/thefuture
EXPAAM: expaam.com
Connect with Real Vision™:
Twitter: rvtv.io/twitter
Instagram: rvtv.io/instagram
Get a FREE membership: rvtv.io/3Y4t5Pw
Disclaimer: media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
#raoulpal #thejourneyman #macro #globalliquidity #crypto #bitcoin #technology #ai #nasdaq #investing #realvision #debt #demographics #markets #finance
Raoul Pal revisits The Everything Code — the macro framework he built to explain how debt, demographics, liquidity, business cycles, technology, and crypto all fit together. In this presentation, Raoul argues that global liquidity remains the single most important force in markets, shaping everything from asset prices and business cycles to inflation, inequality, and long-term investment returns.
🔥 *Download Raoul Pal's 4-year investing roadmap for free:* rvtv.io/41fVHWF
Timestamps:
0:00 - What Is The Everything Code?
1:16 - Why Global Liquidity Became the Dominant Force
2:22 - The Debt Refinancing Cycle Explained
4:36 - The New Real Vision Dashboards and Platform
5:00 - The Real Cause: Demographics and World War II
6:17 - Why Debt to GDP Keeps Rising
8:07 - How Liquidity Funds the Debt Problem
9:37 - Why Debasement Drives Asset Prices Higher
11:36 - Why Technology and Crypto Outperform
13:09 - Liquidity vs Bitcoin and the Nasdaq
14:28 - US Liquidity, Narrow Liquidity, and M2
18:38 - Why Banks Need to Buy More Treasuries
21:24 - Excess Liquidity and Why It Matters
24:49 - The Business Cycle and The Everything Code Dominoes
29:51 - Why AI and CapEx May Extend the Cycle
35:39 - What The Everything Code Means for Your Future
Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.
🍌 Get your Banana Zone swag at the Real Vision merch store: shop.realvision.com
Connect with me:
Twitter (X): twitter.com/RaoulGMI
Instagram: instagram.com/raoulgmi
LinkedIn: linkedin.com/in/raoul-pal-real-vision
My other work:
Real Vision: rvtv.io/3LHYIaH
Global Macro Investor: globalmacroinvestor.com
The Exponentialist: realvision.com/thefuture
EXPAAM: expaam.com
Connect with Real Vision™:
Twitter: rvtv.io/twitter
Instagram: rvtv.io/instagram
Get a FREE membership: rvtv.io/3Y4t5Pw
Disclaimer: media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
#raoulpal #thejourneyman #macro #globalliquidity #crypto #bitcoin #technology #ai #nasdaq #investing #realvision #debt #demographics #markets #finance
