Raoul said "I really thing Bitcoin is where it all goes" - I agree with that. If you're patient and place your buys carefully, you'll be smiling a lot in a couple of years. Bitcoin (BTC) is the end game here. It dumped along with gold as all the gamblers where trying to avoid margin calls, but all BTC indicators are looking absolutely fantastic: MVRV Z-Score, Energy Cost Oscillator, 2-Year MA Multiplier, stock-to-flow forecast, etc, etc. This is the band to accumulate BTC and there's maybe 6 months left of it. Meanwhile BTC supply will halve (with some Zombie miners dying off and being replaced by more efficient ones) and match Gold's, while the debt-based fiat world is printing like crazy. Fed, ECB, FMI, rampage. The past 11 years were good, do you really thing this will end differently now that everything is starting to align? The present events are the beginning of the most extreme rise of BTC in 2021+ Great video. Choose wisely, and be careful. BTC is the future.

Thanks as always for the insight.

Raoul, I have a long time horizon - 25 years or so. What do you recommend for those with such a long time horizon? Buying equities now down by 35%? or hold cash and wait for while longer?

Raoul, I have a long time horizon - 25 years or so. What do you recommend for those with such a long time horizon? Buying equities now down by 35%? or hold cash and wait for while longer?

Taxpayers should not bail out the hedge funds. At least let them consolidate or go bankrupt. They are in the risk management business. They knew and bet on the possible outcomes. Clean the mess up in courts. The government needs to focus on the helping real companies and real people survive the Coronavirus. Banks are already being ruined by trying to save the hedge funds in the repo market. DLS

I had a pretty heavy TVIX holding in my portfolio (mostly bought at $40 or $50 a share) and sold it in dribs and drabs all the way up to $950. Then I started to get concerned over rumors that the markets might just close down for a few months until everything settled down. Of course, that would kill any TVIX holdings as it would likely return to the bottom of the range when markets reopened. So I got out completely and into cash. What do you think are the odds that markets close on a big downleg? If they lose 20-30% over the next few weeks, will there be an intervention to just stop trading until the end of this economic "ice age"? Or will trading just carry on as normal for the duration?

Appreciate if someone can explain how hedge funds are in a position were they are needing to be bailed out via - is their role in the market right now, as opposed to just being left to go bust....

Raoul, you are one of the smartest people on this planet. Please contact the White House and help them limit the damage this is causing. You have lots of money. It can’t always be about making money or our world is doomed. Think about the next generations please. And fuck the rest of you loving this as you short it ... scum bag fucks!!!

Can someone explain why the world remains in such denial over the economic / social implications of this pandemic? Is it simply because most are still in the "shock" phase at the financial losses many have experienced in such a short period of time? Is it frustration that many knew of this COVID-19 virus -- but failed to really explore the risks, and are therefore praying for a 2nd chance to get out of jail? Is it legacy thinking that the Greenspan Put still somehow exists and the corresponding V-shaped rally is coming. I mean it always comes - right???? Or is it simply the perfect storm of loss of income / business, poor investment positioning, large financial losses, high levels of indebtedness and no immediate savior just too painful to even think about?

I've just re-watched this episode. Raoul nailed it on every point. And it all happened within 1 week. Great foresight, Raoul! Can't wait for the next episode.

I have no idea what is going on. All I know to do is hodl bitcoin and some gold. I hope that works out.

Nobody's fault? When I grew up, you anticipated hard times and planned for them. If you didn't you were "irresponsible". The bible says to have 7 years of grain in case of famine, the current LDS church says have 1 year supply of food for your family+. BTW I'm not in either of those religions. Now, if a business has a capital reserve for hard times they are bad and will be raided by an hostile takeover.

Why is USD expected to rise in aftermath/short term given the fall in US yields?

Can we see this on an app or something rather than on a laptop? :)

Thank Raoul for your great information. Scary though it is, it's truly appreciated. Stay safe.

Could we see GBP going to parity with the USD? Is that a decent bet?

Over the top - stay away from people - sorry but grew up w the measles etc no massive panic pandemic blah blah - that period until vaccines a decade + later didn't incorporate complete shutdown and hoarding behavior which at the public level disadvantages everyone. Measles R naught @12 and this Covid @2-4. Public using cave man brain in an AI world.....a case study in mis-management top down. RP correct about an economic impact but my view is a result of hoarding behavior - in markets both shopping and the throw the dice 99% emotion/1% data financial markets, a house of cards.

Does fed commercial paper update make its way to these hedge funds?

Does the spike in the 10 year treasury yield offer an opportunity to re-enter that trade, with the expectation that the yield will go to zero, or has that thesis changed?

Raoul, seriously - wtf is going with the Eudollar trade? FED announced zero and yet options (DEC 99.5 calls) are heading down. Is it LIBOR/OIS spread widening the culprit and if so, what is your longer view on it?

Who are the "nameless hedge funds"

You are looking tanned and healthy Raoul. Stay healthy. Mental health is going to BADLY suffer as a result of all this as well, however. Not many talking about that.

If you see it following the pattern similar to 1929, then are you seeing a ~90% drop in the US equity market valuations? Everyone seeing and squawking a 30% devaluation but that is is not a 1929 pattern. 30% drop is more like post US depression market drops. Your thoughts are appreciated.

Raoul, what happens with puts/calls when they shut the market? I've seen this question all over the place. I understand a ban on short selling, but do you believe it's possible to close out options?

Raoul, I'm hearing that some short seller funding is drying up. Here is one example: "More super funds stop lending to short sellers By Lucy Battersby, 'The $12.5 billion Motor Trades Association of Australia (MTAA) superannuation fund this afternoon confirmed it too will no longer lend stock to shortsellers.'" Does this alter your market/investing analysis and/or advice in any meaningful way? P.S. Your gold advice has already paid for my subscription many times over. Gratefully, Anthony

Thank you!

Know people love bitcoin, but not a fan. This is a great opportunity to purchase assets that earn cash at high yields. If you pick the right companies, their products will increase in price with inflation. Rather use my cash on something that is generating cash vs a digital product that has not shown a great track record. While some may argue it is a store of value, it doesn't earn a return outside of speculation. If cash tightens, people will unload bitcoin so they can actually buy things they need to live.

impressive communication style - i actually understand your thoughts and analysis. Some are saying this is not as bad as 2008. While 2008 was subprime, 2020 is collapse of global supply and global demand where we are embarking on protectionism and global economic warfare. So, it could be worst. Also, a regular guy with $250K, $500K or $1MM capital in the market will not be able to stomach two big market collapses in his "buy, hold" investment strategy now that he is in his 60s. Things are going get rough - esp when you add in no sports, no drugs, no bar, no restaurant, no strip club because of virus.

With all due respect, WTF does having guns have to do with Curfews?? Such a dumb lefty comment! Law abiding citizens (99.99% of legal gun owners) will just pull out AKs and point them at any police officer who tells them to stay indoors? You're trippin' Raoul! And please, your "wife" doesn't need to worry about her SME as you are her "husband" with $15mil+ so......... less of the sob stories please. Nice tan btw, enjoying the beach and cocktails? Jaja.

i kind of like how the topic change sound like sponge cartoon "5 minutes later..."

Raoul, it it possible to share a link to any BIS research that discusses these leveraged hedge funds/broker-dealers ? Cheers

I've heard of separate beds but separate islands!

Is there any correlation btw USD and BTC. Will USD explosion drag BTC up or push it down

What’s the quantifiable evidence this “lockdown” has helped save lives? And, at what cost?

What was that film he suggested?

Thanks Raoul. I really appreciate your insights from a macro perspective. I learn something every time I see one of your videos. You're an excellent teacher. Take care

Raoul that was brilliant; a great mix of your expert insight vs detailed trade ideas. Please keep it coming! Thank you!

Thanks for keeping these video's open to all members! It goes long way!

Imho the people with the guns will be the first to accept a quarantine

Thank you Raoul! These are interesting times and you guys/gals continue to hit it out of the park in terms of Real Vision content. Much appreciated. All of you. Thank you.

I feel sick after watching that!

Amazing. Raul, big thanks! When all of this ends RealVision should get involved in the production of "Margin Call 2"

Strange, I have a diverse array of Eurodollar contracts and sort from the initial spike they havnt moved much on the 1% Fed cut. Anyone more tenured than myself know why that is?

Totally agree with Raoul on Australia being way too late. The health authorities here are not adequately prepared at all. My sister is a Dr at one of the big hospitals here and came down with some Covid like symptoms. She was sent home but told that they could not test her, as they do not have enough testing kits!! Was hoping the weather factor might save us but I have a feeling that we are only a few weeks behind Italy.

THE IMPORTANCE OF KEEPING AWAY FROM PEOPLE. Follow-up from my comment in Mr.Pozzi’s video: As I mentioned before, I was quarantined in the tropical island of Hainan, in South China sea. Earlier today, a large team from the Chinese CDC & Police wearing hazmats suits showed-up in our gated development and arrested several Chinese people who have arrived from Europe recently. I read in a WeChat group that their multi-million USD tropical villa was thoroughly disinfected. I am speechless about how these guys managed to get through several layers of security (bribing?), as all travellers arriving in China & Hong Kong from countries with active coronavirus cases must be quarantined for 14 days in government designated premises. In addition, new arrivals in our development are either banned or scrutinized. I don’t have any additional information yet and I pray for the sake of all of us that these guys were not infected. I never venture outside without a face mask, googles and sometimes disposable gloves. I do not plan to leave my flat for the next few days. During the last 2 weeks we were allowed to roam the city of Sanya and I seized the opportunity to stock in food & household supplies! Stay healthy. Everything comes second! Raoul, thank you for your unique insight!

Raoul: Do you see a big negative impact on banks from shutdowns (which I assume most countries are going to undertake). They are major lenders to small and medium enterprises.

Consistently glean useful actionable nuggets. Thank you Raoul!

@Raoul @everyone https://medium.com/deep-code/situational-assessment-right-now-7d9856b562f5 Must read, this could get really ugly quickly.

I'll keep this very simple. Thankyou Raoul. You confirmed my bias with your retirement episodes. You saved many people. Thankyou, thankyou, thankyou.

If gold has collapsed, what about bitcoin?

Thanks Raoul and RV!!! Interesting times indeed!

Paper Gold will go down but is there a chance for physical Gold and paper price to disconnect, Joined real Vision 2019 right in time this information is not easy to get elsewhere. thanks Raoul

There is a bloodbath on the metals market! Gold is falling and silver is in a free fall! Palladium's fall is epic. Never seen anything like that! Silver looks now bloody cheap. But how long gold can fall? 1300? What are you guys saying?

Appreciate the “postcard from Cayman”!

New viewer here., very interesting stuff. I wonder when you recorded this, was it before yesterdays 5pm Fed bazooka? The end game is the closing chapter of the 2008/2009 story. Interesting to hear you define that next phase and ultimate end game of this experiment that we put ourselves in. Anyway, masssssive fiscal stimulus coming so lets see what equities do. I feel like everything done so far was to get ahead of a major credit or liquidity event. Not that it cant still happen, but if they didn act, it was happening much faster and much harder. So mitigate that risk to the plumbing first. Now fiscal side..any bets on it? Has to be huge, 2trln? 3? 4? Looking forward to watching more vids. Thx

Imagine that, MMT in our time! And Trump gets the pleasure of dishing it out. Incredible. But totally agree - the US will do anything to try to maintain the status quo.

Thank you Raoul. It's good of you to put the effort into providing insight for the public. My feeling is that the number of people in the world in a position to have a chance at understanding this mess is surprisingly few, and you are one of them. I'm doing my best to overcome the handicap of having been educated and trained at some of the top institutions in the U.S., and understand the new world you and your colleagues describe. Tamara Sheldon

Raoul Thanks for your concern. I played the video for my son, and he decided to cancel his flight today. I had been trying to convince him to cancel. Apparently you are more credible than I.

Thank you Raoul for being the cool head in the chaos!

“I don’t want to get into a situation.........that I don’t want to get into.” Best line ever.

Your series about retirement laid out the potential crisis so well! Such a prompt decision to broadcast it then. Hope everyone is paying attention, no illusion! It is coming!

The man, the myth, the legend!

Thank you!

"That role is...keep the fuck away from people." 100%

Great info in turbulent times! Keep it coming...

Feels like the RESIDENT EVIL. The world collapses and we are watching it in the front row @ RealVision!

Thumbs up for the sharp image and audio quality! Its at least 60FPS/SEC. Great quality! Thanks!

Thank you for this!

Ty so much Rao

Big Thanks Raul! I hope we can get short comments often in this period. This is vital info for me!

Thanks Again Sir!

Remember - there is a "panda" in this Pandemic.

Thanks Raoul!!!!

Anyone else having audio issues using the app? Seems like it randomly mutes for 15-20 seconds every few minutes.

https://www.finra.org/rules-guidance/notices/20-08

How does someone with little to no experience buying/selling/trading (see) get their hands on U.S. dollars, in Australia? ETF?

Raoul behind the curve. FINRA already released guidance to allow traders and others to work from home without a formal branch management and supervision set up. They will be extremely flexible on practical aspects of supervision in this situation.

Raoul, what’s YOUR preferred method of buying bitcoin? Thanks for the amazing and timely content.

How far out are you looking for HYG puts?

https://www.bloomberg.com/amp/news/articles/2020-03-09/finra-concedes-virus-may-impact-wall-street-oversight-of-traders

Raoul why are the rich running to withdraw cash of there's no issue with bank solvency? Ref. Zero Hedge article in last 24hrs

A simple Thank You Raoul.

We need a crypto update please

Is there an ETF of these market makers.

Thanks Raoul...great update...I recently rewatched the Big Short and will do it again with Margin Call :) Fascinating stuff on the plumbing of liquidity...wondering the names of the big 3, Stay safe.

I own IG bonds for clients and they are moderately levered. Liquidity completely dried up. I am not selling everything, just proportion to make sure there is no margin call when VaR shock comes from blowing up hedge funds. Anything else you recommend to do?

lol, like the epilogue... 12 hours later, we need another update.... :-)

Thanks Raoul, great work and stay safe.

Will follow Bridgewater and AQR closely in coming weeks

Raoul, thank you for everything you do!!! You've been proven very right in your scenarios thus far. I am humbled by the complexity of all the repo market drama that VERY few seem to understand at all-even financial advisors!! I feel that you are correct about MMT happening (????? should =short term inflation, right?) Then again, this is a supply side AND demand side shock of unknown proportions- so, how does one position a guess? Any wild ideas for sinking 1% into a 'what if ' fund and letting it ride - BTC? GLD? UUP? You're the MAN!! thank you so much for giving a perspective and a framework.....

Thanks Raoul. Be well.

Thank you Raoul !

Every time I read fintwits or general macro commentary the words of the movie Margin Call reverberate thru my head - I have seen this move more than a dozen times or so, that and The Big Short, are classics for me (with Charlie Wilson's War which is also topical now but in a different way). Stay safe, all the best to RV & extended team. RV provides the framework that help guide our decision making, even if the decision is 'do nothing'.

You are the most important person out there giving us information. Thanks Raoul to you and your team

Loved it thanks Raul

Hi Raoul, you mentioned that ED futures will be zero. I am holding the June 2020 call option so would you recommend holding it till June?

You sport a nice healthy glow. Clearly, the weather in The Caymans is better than in England!

Please I must ask again. Please make this or the “praying for a miracle” video public soon I can share it. Friends are calling me to get my opinion. I’ve been preparing for a fiat endgame for years but most people just don’t get it and don’t understand money in general. Please make this publicly available.

With whats happening, you will need to a a video a day...... Keep up the good work! I am learned so much from RV and have been in cash and gold since Jan. I am weathering the storm alright. Thanks.

Please do more videos like that.

Amazing content & up to date analysis, sincerely...Thank You.

Raoul, do you think they will close the market or prohibit short selling? Thanks!! Great video.

NAILED IT!! Fed rate is officially zero!!