The Mayor of Miami on Blockchain and Ben Hunt on COVID-19, the Fed, and How “Not To Be The Sucker At The Table”

Published on
February 3rd, 2021
Duration
53 minutes

“Money Incineration” in Stonks, “Champagne and Caviar” for the S&P 500


The Mayor of Miami on Blockchain and Ben Hunt on COVID-19, the Fed, and How “Not To Be The Sucker At The Table”

Daily Briefing ·
Featuring Raoul Pal, Mayor Francis Suarez, Ash Bennington, and Ben Hunt

Published on: February 3rd, 2021 • Duration: 53 minutes

In the first segment, Real Vision CEO Raoul Pal speaks to the mayor of Miami, Francis X. Suarez, about his plans to attract talent, jobs, capital, and “anchor tenants” to Miami as well as his embrace of blockchain technology. Mayor Suarez can be found on Twitter at @FrancisSuarez. In the main segment, senior editor Ash Bennington speaks to Ben Hunt, author of Epsilon Theory, about the ways in which the United States can better protect itself from the scourge of COVID-19. Hunt acknowledges that the variants of the virus might impair economic growth yet contends that asset markets might continue to prove resilient. Lastly, Hunt shares with Bennington his view on the run-up in SPACs as well as “meme stocks” such as GameStop ($GME). Bennington concludes by giving a sneak peek of tomorrow’s event, “Bitcoin in the Real World.” Join Real Vision and BlockFi on February 4 for a free one-day online event. RSVP at realvision.com/blockfi.

Comments

Transcript

  • DS
    David S.
    4 February 2021 @ 00:30
    Anybody talking about the worldwide scandal of the ridiculously high cycle counts on the PCR tests producing millions of false positives? Notice the WHO after Biden's in, decides to reduce the cycle count all of a sudden after a year, citing all the false positives it produces? Unbelievable. We're all in the matrix.
    • DS
      David S.
      4 February 2021 @ 06:03
      Stand in line for your RNA/DNA modulating "trial" vaccine" Let us know in 6 months how it the untested vaccine worked out......any symptoms?
    • DS
      David S.
      9 February 2021 @ 11:54
      Remind me in six months I will be glad to fill you in. DLS
  • DO
    David O.
    4 February 2021 @ 21:47
    AND Florida has no state income tax!
    • DS
      David S.
      9 February 2021 @ 11:52
      There are many ways to tax. DLS
  • CD
    C D.
    9 February 2021 @ 06:18
    Maginot Line. Respect the Line. Be the Line.
  • MP
    Michele P.
    8 February 2021 @ 10:38
    Ben is the prophet of our age!
  • EO
    Eric O.
    4 February 2021 @ 00:59
    30 year climate forecast for Miami being underwater is not good. What will Miami do about that?
    • AS
      Alan S.
      6 February 2021 @ 04:01
      Like David Suzuki, back in 1990 saying New York would be under water by 2020, is that the concern with Miam? Pfff.
  • HH
    HODL H.
    4 February 2021 @ 05:34
    Bitcoin loves money laundering, Miami loves money laundering. No questions asked, pay cash, your good. Just like NYC, SF or LA
    • FG
      Flavio G.
      5 February 2021 @ 12:27
      You've seen too many series from the 80's mate.
  • JT
    James T.
    4 February 2021 @ 20:58
    Francis killed this!
  • JD
    John D.
    4 February 2021 @ 18:02
    There's probably a regulatory prohibition but if not, Miami should start accepting $BTC for tax payments. Now that would be a splash.
  • BP
    Brent P.
    4 February 2021 @ 17:15
    Hmm maybe Miami will be friendly enough to crypto where I won't have to end up moving to Singapore after all...
  • JF
    James F.
    4 February 2021 @ 11:05
    Thank you both for this interesting conversation, though I could do without the 'high school math' condescension. I respect both Ash & Ben a great deal, and think ET has some truly excellent writing on it. Ben's efforts with the mask drive are truly heroic. However, sometimes I really wish RV would ask more penetrating questions in interviews. There are many sides to arguments, it would be refreshing to hear what guests make of the opposing views. Ideas don't exist in a vacuum. Offering guests the chance to rebuff counter-arguments could even increase the credibility of their position. This can be done in a respectful way. I.e. "What do you make of those who argue the cycle count on PCR tests is too high, rendering them too sensitive?" Or, "what do you make of the Bayesian argument that false positives could represent over 90% of the case count?" Or, "what do you make of the data suggesting all cause mortality is actually no greater than a normal year?" I mention these not because I disagree with Ben, but because I respect him and his views. I see these other arguments elsewhere and would just, for once, love to hear what someone far smarter than me thought about them. Because all I'm really trying to do is understand what the f*ck is going on. Thank you for your efforts.
  • SC
    Sam C.
    4 February 2021 @ 10:46
    I like ben because he writes well. Regarding markets, he hasn't made the best calls (has been calling inflation for a while, like many others and in general seems to be too sceptical of the power of the fed) and well Ben quit managing money because he failed or was unwilling to adapt his style to the current markets. However, Raccoons adapt to the current opportunities, c'est la vie. Nothing good or bad about it, just an observation. Regarding the virus, I think we have figured out who it kills, those that are in the danger groups should stay careful but we should let young people live again, wash your hands and use a mask but let us out! 😅 Regarding his GME comments, I would like Ben to share his proof of Linguistic change in WSB if he has any. Would really love to see his work. I think there is not just retail buying but a lot of other big-money got involved in the GME thing. And come on people know the risks of stocks. if not great lesson, move on.
  • TS
    Todd S.
    4 February 2021 @ 06:29
    Ben purchases medical masks that are in short supply to make sure every one of those people in the highest tax bracket that haven’t planned ahead for the shortage can have one on their face. He’s a noble human and I hope he’s first in line to jab the biological agent into his body.
    • TS
      Todd S.
      4 February 2021 @ 06:36
      Update: I’m still watching this video and my IQ has dropped several points. There’s literally a video on RV talking about Soth African strain of Covid...high school math 😂 what a joke
    • DS
      David S.
      4 February 2021 @ 08:39
      Todd S. - Sorry about your IQ. DLS
  • MJ
    Marc J.
    4 February 2021 @ 08:32
    "pick me! pick me!" LMFAO.
  • DS
    David S.
    4 February 2021 @ 00:25
    This Covid madness has ensnared the world and hello lockdown depression. Viruses mutate. That's why we have a new flu vaccine every year for a different Coronavirus or Swine/Bird variant. A virus with a 99% survival rate is so deadly you have to be tested to find out if you have it....really? Most of these DB's are almost unwatchable at this point. I should've known that since it's been free, it means the quality drops to the basement and fear rises to the top to attract subs. Very disappointed as this is not how it started.
    • DS
      David S.
      4 February 2021 @ 06:05
      get in line soldiers for yourvRNA/DNA modulating "trial" vaccine"
    • DS
      David S.
      4 February 2021 @ 08:31
      David S. - The rate I worry about is the hospitalization rate. We are developing better ways to treat COVID. When we can recover at home the battle will be won. I look forward to that day for all of us. DLS
  • DN
    Douglas N.
    4 February 2021 @ 04:03
    I can't take anyone seriously who has bought into the Covid panic. It was clear at the end of March last year that this would cause 3 to 5 times the deaths we are used to with flu, and that fortunately the additional risks were isolate to the old and sick. These predicted results were exactly what transpired globally independent of lockdown level. The harm done by the global shutdown. is incalculable and dwarfs the harm the virus has done or will do by orders of magnitude. When I listen to this kind of narrative from intelligent people I feel like I am behind the looking glass with Alice and don't really know what to say or do. The problem is not market complacency but public panic and unrealistic expectations of being saved from the vicissitudes of life by government.
    • CP
      Chamil P.
      4 February 2021 @ 04:32
      It's not that simple is it. No one can quantify how quickly the virus would've spread, how hospitals would've coped, how many deaths would've occurred if hospitals were overrun, how healthcare workers would've been impacted, how the virus would've mutated etc. if there wasn't a global shutdown.
    • TS
      Todd S.
      4 February 2021 @ 06:14
      Ben is prob the biggest joke on RV. Argues COVID hard but turns around and argues gov’t tyranny. Hurts the RV brand.
  • HH
    HODL H.
    4 February 2021 @ 05:43
    Ben hunt is a beast, more content with Ben 🙏
  • MC
    Michael C.
    4 February 2021 @ 04:31
    Ben Hunt is a Dutch uncle and I mean that in the best way! To lend a bit more credibility to Ben's discussion, go to youtube and watch this past Sunday's Meet the Press, Jan 31. Chuck Todd interviews Dr Michael Osterholm from Univ of Minn...I hesitate to say he's a guru on infectious disease but he is well known and respected. You may have to watch this segment twice as Osterholm delivers in a Lake Woebegone style and I missed the important point(s)...he said there is a second wave 6-14 weeks out and no one is expecting anything. He calls it a "Cat 5 hurricane" or worse. This interview ties back to Ben's narrative on virus variants. My FEMA source said they're more worried about the P1 coming out of Brazil, higher infection and death rate and frankly the vaccine availability and slow pace is very concerning as it allows the virus to mutate. My friend said the FEMA team was instructed to get vaccinated immediately, didn't matter who the vaccine manufacturer is or even if a 2nd dose is not available...anything is better than nothing. It is up to each of us to take whatever measures we deem necessary (or not). Osterholm did say to wear N95 masks and cover your nose...otherwise it's like fixing 3 of 5 screens on your submarine..LOL. I read somewhere (can't remember the source) that once the daily death rate exceeds 8 per million, then governments will act to quarantine/lockdown and/or people will do it themselves voluntarily...I believe Raoul pointed out the latter. And the economies grind slowly to a halt. The Univ of Washington seems to have a pretty good grip on numbers and forecasts. The Fed has papered over the chasm, pulled consumption forward, and Wily E Coyote with his anvil is preparing his entrance. The Fed sets the fire and puts it out. So it's like running red lights and being lucky a number of times...one thinks he's invincible until that 18 wheeler happens on him. re: SPACS...the ducks are quacking, they must be fed...rofl. I will end with a request. Ben is doing his part in his own way. I feel I have been very fortunate, I signed up for a monthly cash donation to the local food bank in March. Do what you can and feel...it's good karma....;)
    • AM
      Alonso M.
      4 February 2021 @ 05:08
      Nice comment. But Wile E Coyote isn't wily.
  • AB
    Alastair B.
    4 February 2021 @ 04:45
    This is huge news. Good luck ‘banning bitcoin’ when Florida is a swing state
  • SL
    Sean L.
    4 February 2021 @ 02:01
    I'll watch commercial tv for my daily dose of fear & sensationalism. This bloke is talking about variants of the virus like they are the new black plague. The reality is still the same that it adversely affects a small % of the population & the mortality rate is .2%. Give me a spell
    • MC
      Michael C.
      4 February 2021 @ 04:32
      @SL what type/color of flowers shall we send?...;)
  • DN
    Douglas N.
    4 February 2021 @ 04:26
    The postmodern perspective is that the individual will is all that is real and society is a conglomeration of phony and arbitrary narratives designed to empower certain classes at the expense of others. This is where this Ben character apparently lives. I don't want to live there, and I don't want him as a mentor. Maybe I just don't like his narrative?
  • RP
    Raoul P. | Founder
    4 February 2021 @ 02:33
    I think Ben is truly brilliant in how he approaches narratives. Such a pragmatic way to look at things.
    • KR
      Kim R.
      4 February 2021 @ 04:12
      For more Miami, you should reach out to the Dean of Business School at the University of Miami, John Quelch.
  • DD
    Darrell D.
    4 February 2021 @ 03:17
    Narratives...Important in trying to predict sentiment in financial markets, dangerous in politics and philosophy. Narratives ignore facts and miss nuance. They are a perceived shortcut to the "truth". Things are more complicated then narratives...always. Ben is telling a narrative here too...just recognize what your are seeing. Some good points, some not in my opinion. "high school math" is demeaning when it comes to COVID. As stated above, it's more complex than that, and the data sets are difficult to decompose. I like his conclusions that you should "Think for yourself". I dislike him insinuating that if you differ from his interpretation of the data, you can't "high school math". I disagree with him on the virus data, and I'm also pretty good at math. I actually didn't get much out of this interview. I misread the title and thought it was Lacy Hunt when I clicked -- I was excited for a minute. Raoul's interview with Miami's Mayor was great! An unusual and appreciated addition to the daily briefing!!!
  • JA
    Joshua A.
    4 February 2021 @ 03:09
    I was half way through this video on youtube....and they deleted it! IM NEVER WATCHING DAILY BRIEFING ON YOUTUBE AGAIN!!!! THANK GOD FOR REALVISION.COM!
  • MD
    Matt D.
    4 February 2021 @ 02:31
    Thanks Ash - and Ben - top quality guest and someone who I always listen to.
  • HW
    Hugh W.
    4 February 2021 @ 02:06
    Mayor of Florida... lol
  • CR
    Coty R.
    4 February 2021 @ 01:42
    Thank you Ben for the masks. Our fire department is grateful.
  • dw
    douglas w.
    4 February 2021 @ 01:23
    Please have Ben on more, dude is factual and honest.
  • CB
    Chris B.
    4 February 2021 @ 00:23
    I moved away from the Miami / Dade Area about 10 years ago. At that time, the general consensus was the city had a government of incompetence and corruption. This is the first time I have heard Mayor Suarez speak. In a nutshell I am impressed. He will get Miami moving in the right direction and appears already well on it's way. And Miami, take advantage of Suarez while you have him. The guy will be bound for a Senator or Gubernatorial Seat in the not-to-distant future.
    • WS
      William S.
      4 February 2021 @ 01:10
      Why does every local politician need to progress to the Senate level where they become co-opted and resign themselves to the McConnell's/Schumers/other President wanna be's such as Hawley/Cruz/Rubio who are not representative of the mainline of the US voters? Seems to me they accomplish less, polarize more and grow old on the taxpayer dime -- avg age Senate with no limits case in point.
  • CX
    Cindy X.
    4 February 2021 @ 00:55
    The fact that the number from China does not fit into your imagination makes perfect sense. You ain't a biologist.
  • FG
    Flavio G.
    4 February 2021 @ 00:30
    I'm getting a bit tired of any discussion blaming the Fed for what's going on. We all know that. We've heard it from everyone a ton of times. It's reality, base your views and framework around that. And if you are kind enough, present it here in RV.
  • ST
    Steve T.
    4 February 2021 @ 00:03
    RP goes English gent interview style in a T-shirt with a gov guy ☺️
  • sk
    samuel k.
    4 February 2021 @ 00:01
    Florida comes at it again haha. Looks like I need to reconsider where to live at.
  • sk
    samuel k.
    4 February 2021 @ 00:01
    Florida comes at it again haha. Looks like I need to reconsider where to live at.
  • XM
    Xavier M.
    3 February 2021 @ 23:54
    Mayor Suarez is the most dynamic and forward looking public official in the America. A rarity in this country to say the least. I’m glad he’s our mayor down here in the Magic City. Welcome all! Thank you for this Raoul, as ever. Cheers.