Gold, Germs, and Self-Preservation

Published on
March 26th, 2020
Duration
54 minutes


Gold, Germs, and Self-Preservation

The Interview ·
Featuring Kiril Sokoloff and Raoul Pal

Published on: March 26th, 2020 • Duration: 54 minutes

Kiril Sokoloff, chairman and founder of 13D Global Strategy and Research, joins Raoul Pal, CEO and co-founder of Real Vision, to discuss the ongoing coronavirus pandemic and its long-term consequences on monetary policy, investing, and geopolitics. Pal and Sokoloff analyze how a protracted quarantine might slow economic activity to such a degree that central banks become more active than they ever have before, either by monetizing debt or by purchasing risk assets outright. The pair also explore how the crisis might affect the 2020 election, the practice of stock buybacks, and specific assets like oil, gold, and the Japanese Yen. Released March 26, 2020.

Comments

  • RC
    Rob C.
    23 May 2020 @ 19:45
    Very interesting piece of insight about foreign students, Kiril. I hadn't though about that and the knock on effects. I will meditate on it now though. Thanks RV, both these guys are just really nice gentlemen and that comes across even through this medium.
  • DM
    David M.
    10 May 2020 @ 15:42
    Can RV or RV viewers who have experience in purchasing physical gold as individual investors provide some trustworthy suppliers that they have had good experiences with? Asking from Canada, Thanks.
  • GH
    Gary H.
    6 May 2020 @ 15:57
    Brilliant. Keep watching again and again for Kiril's insights
  • JC
    Jack C.
    28 April 2020 @ 10:13
    Can you pls upload a transcript like you normally do?
  • Sv
    Sid v.
    20 April 2020 @ 21:22
    We don't need bar room BS about leaders' personalities whom you have never even met. We need economic and political analysis. Raul tried to keep this on the rails, and I give him credit. herding cats.
  • CH
    Chris H.
    28 March 2020 @ 21:46
    Hong Kong didnt forget about china's economy you old decrepid boomer fuck maybe they wanted freedom? But boomers like you that ruin eathd our society and culture still care more about money . I dont wanna sound like Greta ffs but at what point do you stop selling your soul for the return lol?
    • AD
      Adrian D.
      28 March 2020 @ 23:11
      Not appropriate. If you have an argument, please explain it.. But this is not cool, as my daughter syas.
    • VS
      Vasil S.
      28 March 2020 @ 23:34
      Jesus! This is the moment you realise that giving away hundreds of thousands $1 memberships have actually done the opposite of 'brand awareness'.
    • AF
      Andre F.
      15 April 2020 @ 22:46
      I'm going to be sick. My God! $1 memberships? Yes, this is the result of such a thing.
  • CC
    Charles C.
    29 March 2020 @ 21:46
    I have to say I am shocked at the quality of the comments to this interview. having been a subscriber since the beginning, I'm used to seeing thoughtful and respectful comments. Many of these seem entirely out of place and not helpful to intelligent discourse
    • SB
      Stephen B.
      1 April 2020 @ 04:26
      Agreed. I have often been shocked and disappointed at the quality of comments on YouTube. Even more disappointed that they have crept onto RV.
    • AF
      Andre F.
      15 April 2020 @ 22:38
      Stephen B. I was dreading what I knew would come. Real Vision transfer an enormous amount to youtube. It was only a matter of time until the mentality of the low quality attitudes that one sees on youtube made its way to Real Vision. It's really, really, really upsetting.
  • OM
    Omar M.
    10 April 2020 @ 13:43
    EXCELLENT , TY
  • AP
    Anthony P.
    8 April 2020 @ 13:52
    I would love an hour of these two just speculating on oil markets and KSA/Russia
  • CT
    Christopher T.
    6 April 2020 @ 12:38
    more kirill
  • RO
    Robert O.
    6 April 2020 @ 01:52
    Relying on China as the global suppier was the error made by globalist that predated the Trump administration. So are Raoul Pal and Kiril Sokoloff members of the financial elite and globalists who have benefited from the current system? So now Kiril Sokoloff appears to prefer Joe Biden, Mike Bloomberg, Bernie Sanders and the dysfunctional Democratic Party to navigate the real economy and the markets; what they will get is another oligarchy with different leaders but possibly a worse outcome if additional freedoms are sacrificed for the "good" of the (democratic) party. Of course, the financial elite will again be protected from the reality that the rest of America will experience. This is similar to the Congress passing Obama Care, when the Congress keeps premier medical care that only the very wealthy could afford.
  • RA
    Rafael A.
    5 April 2020 @ 02:55
    Great duo, again. More Kiril, Raoul! Great stuff. Stay safe.
  • VS
    Vasil S.
    28 March 2020 @ 23:40
    Flicking through some of the comments it's so sad to see a platform like RV be turned into your general youtube channel. The comments composition is 45% nonsense, 45% sycophants and 10% worthwhile stuff which gets lost amongst the volume of 'noise'. I am sure the owners have become tremendously wealthy off the back of the many subscribers but IMO, it has diluted the brand and the quality of the content. I won't be renewing. Grant Williams always struck me as someone with high integrity and seeing the way this business has pimped itself out to the masses, it's not difficult to put together the dots and work out the reason behind him leaving! How sad.
    • SB
      Stephen B.
      1 April 2020 @ 04:31
      I do find it very troubling that RV will not come out with clear statement as to why Grant left.
    • CG
      Christine G.
      3 April 2020 @ 05:47
      Grant has his own newsletter now. Just starting.
  • MR
    Milton R. | Founder
    26 March 2020 @ 19:34
    As most of you already do, please keep it civil and educated. Don't be that person that insults someone else for his political option. No one wants a person like this at their table, at their party or in our community.
    • BC
      Benjamin C.
      26 March 2020 @ 19:49
      Thing is Milton, advocating socialism is not civil is it?
    • BM
      Beth M.
      26 March 2020 @ 20:45
      Speaking of civility...tell Raoul to stop using foul language...it's not becoming or fitting for any forum! Period.
    • TS
      Timothy S.
      26 March 2020 @ 22:37
      Beth makes a good point. I wonder if Raoul's mother wouldn't agree! LOL
    • WM
      Will M.
      28 March 2020 @ 20:42
      I am not too bothered about the use of "foul" language in the right context, (e.g. this current financial crisis in a F*ing disaster in the making). I am much more concerned about RVrs getting embroiled in political debate. My grandmother always said ....Two things that should be avoided at a dinner table is religion and politics (and she was very religious!).
    • BT
      Barry T.
      29 March 2020 @ 11:43
      Milton, stop the political crap and pontification from Raoul and your guests. We are paying for a premium service that delivers timely insights on markets, not to have our choice of political candidates insulted or an alternate candidate endorsed. You risk losing subscribers if this continues. Commenters, please check your brilliant political insights at the door. At one of the most critical moments in markets, we do not need the distraction. The comment section can be an invaluable tool for crowd sourcing investment insights. Let’s stop the sniping and stay on mission.
    • KJ
      Kelly J.
      2 April 2020 @ 13:34
      When governments are printing trillions of dollars and deciding whom to give it to, to pretend that those decisions aren't political and shouldn't be discussed would be a denial of the reality staring us all in the face worldwide right now - and that's true regardless what you think should be done about it, including not printing at all and letting the economy fall through the floor, as it may do anyway, giving it to the wealthiest among us to do what they will with via Wall St. and the banking system as has been the case, funding a Green New Deal or any other type of New Deal, infrastructure or other investment for the benefit of the public at large. It's >all< political. The notion of central bank independence is a joke, and has been for a long, long time.
  • DK
    David K.
    27 March 2020 @ 20:44
    David K. So, Raoul you seem to agree with Kiril, Simon Miklailovich and Grant Williams in being against Gold ETFs. George Milling-Stanley believes that State Street's ETF of GLD is solid. What do you say?
    • DT
      David T.
      28 March 2020 @ 18:01
      Its solid when you hold it in your hands.
    • AO
      Abraham O.
      2 April 2020 @ 01:21
      Haha love it David T
  • PD
    Peter D.
    1 April 2020 @ 11:35
    "The human species just had a nervous breakdown." Brilliant.
  • DN
    Douglas N.
    30 March 2020 @ 14:58
    "How could the US enter a trader war when China produces 98% of the antibiotics that America uses...?" A very fair and honest question indeed. However, he might have followed up with "Which, by the way, is an absolute disgrace that this is the case- that our past leaders, both corporate and public, let things get to this place." ...OR maybe with his own words (which instead he used to describe the trade war): "...I just can't even deal with how incompetent that is"
    • SB
      Stephen B.
      1 April 2020 @ 04:23
      Or corrupt?
  • JT
    Jay T.
    28 March 2020 @ 03:29
    LOL at the people who think the temporary decline of US shale puts it into a long-term crisis. If necessary, the US can open more of Alaska and offshore drilling and give a giant middle finger to the Middle East and Russia for oil. It's politically unpopular now (thankfully...because it preserves our reserves), but push the US far enough and it will happen. People forget how enormously resource rich the US is.
    • JP
      James P.
      28 March 2020 @ 22:56
      Good point.
    • MS
      Michael S.
      28 March 2020 @ 23:46
      Their point was not about the resources -- it was about the jobs lost in the US shale industry drilling the wells because zero fracking wells are profitable at $22 per barrel. And you think oil companies are going to pay rents on offshore rigs at $20 per barrel?!
    • CB
      C B.
      30 March 2020 @ 15:27
      Even if all the current shale players go bankrupt, a renewed effort will rise from their ashes as private equity funds snap up rigs and acreage for pennies on the dollar. Combine that with advancing technology that makes drilling more productive, and you will have a new domestic oil industry reborn with even lower cost of production. Shale may be down and out for a few years, but it isn't going away.
  • EP
    Emma P.
    27 March 2020 @ 03:31
    Any thoughts on the mechanism(s) for a conversion of the paper fiat currencies to fiat digital currencies issued by central banks? 1:1,000 1:1,000,000. What will there be to stop them "creating" unlimited amounts of digital currencies like the current QE or money printing?
    • PP
      Patrick P.
      30 March 2020 @ 01:37
      Crypto back by gold.... IMO
  • AS
    Alan S.
    27 March 2020 @ 04:11
    I have read many of the comments below and I feel compelled to write this: Those who have criticized the video, for any reason, have no understanding of what they have witnessed. Frankly, those who find fault or error should not maintain their subscriptions, because they lack the ability to fathom what they have been given. This discussion is a clear roadmap of where to be invested, when to be invested and what to anticipate going forward. I have no idea what level of subscription one must have to have been offered this, but as a top tier member, this video, on it's own, made the subscription this year well worth it.
    • PP
      Patrick P.
      30 March 2020 @ 01:35
      Alan... everyone on site has an opinion....you should respect that. Also this site is loaded with intelligent people for the most part and you should also respect that. You don't have to agree with any of them.....and they do not have to agree with you.... I'm number 14 that just downvoted your comment.
  • CB
    Chris B.
    29 March 2020 @ 23:49
    Great discussion - excellent questions by both and thoughtful answers. The format worked very well and gave me things to think about. Thanks to both Raul and Kiril for this.
  • DS
    David S.
    26 March 2020 @ 18:43
    Oil price is a win/win/lose for Russia. There is a high cost in lost revenue for this strategy. This is a high-level game of chess. The shale market will shut off production at $20 but will reopen again when the price of oil nears the marginal cost of production. Russia may have a tiger by the tail. It is impossible to tell exactly what Russia wants from the move. DLS
    • WM
      Will M.
      28 March 2020 @ 20:32
      David, something about Putin and his ability to out-think and outfox the current batch of western leaders, is that I am absolutely sure he has chess like moves worked out for how to end the current situation. I suspect (perhaps hubristically, that he is plotting the demise of the US$ and American financial hegemony in this move.
    • DS
      David S.
      29 March 2020 @ 22:14
      Will M. - President Putin is trying to reestablish the power and prestige of the Soviet Union. He is certainly outsmarting current western leaders. Because he is very strategic and tactical, I feel he is just trying to test every opportunity and see how it goes. He is certainly succeeding at increasing Russia's power and influence in the world. DLS
  • DS
    David S.
    26 March 2020 @ 19:29
    Politics certainly move markets. Anyone being interview should be able state their personal political opinion on RVTV without being vilified. This partisanship needs to be checked at the door. There are plenty of partisan blogs around that you can go to and reinforce your beliefs regardless of what they are. DLS
    • DD
      Dwayne D.
      28 March 2020 @ 06:43
      That should go both ways then, RVTV should tell their guests to talk finance and markets, not politics. Don't take the rights away from one without doing it to all.
    • DS
      David S.
      29 March 2020 @ 22:08
      Dwayne D. - I would like to understand the person and his/her position. If the interviewer would like to use a political point, it is reasonable. We have had interviewers who were categorically against something. With that knowledge I drew conclusions about his/her intent. Politics is an important part of understanding the markets. DLS
  • GF
    George F.
    28 March 2020 @ 23:07
    Raoul and Mr. Sokoloff might be most insightful around, but FDA just approved a 15 minute test for the coronavirus, doesn't that change your view? And about the blame game? Its the Chenese CCP that's been blaming America for the virus, of course Trump responded. Regarding US phama why was our production moved from America to China? About Trump wrong attitude ... he is pushing American industry full speed to produce respirators for America, and the world .. ask Boris Johnson.. further gallup poll has Trump at 60% approval on virus response. Regarding Biden wining in Nov., its tragic but Mr. Biden can barely speak rational sentences anymore?
    • AD
      Adrian D.
      28 March 2020 @ 23:36
      Agree that the assumption that there will be a change in administration, is premature at minimum. As you point out, President Trump's ratings have gone up during this crisis. Most people are not blaming him for this crisis. And when Trump goes one-to-one against Biden, it's game over (imo).
    • CG
      Christine G.
      29 March 2020 @ 17:08
      Biden has always been prone to verbal missteps but he remains firmly in contact with reality. Trump is not pushing or using his power to further the manufacture of ventilators or anything else; he is just having tweet tantrums. Trump is mentally ill (note the hundreds of signatures of psychiatrists and psychologists on a public letter to that effect and the recent book by leading psychiatrists and psychologists detailing his mental impairments). His sentence structure and vocabulary (which have always been low; I recall 4th grade level) have both been declining; that may be stress but it is also a sign of beginning dementia (not that that is a problem for the Republicans; Reagan was exhibiting signs of early dementia by the end of his first term). He has no respect for the law (emoluments? Ukraine?). He has no commitment to morality or human decency (taking infants and toddlers from their parents and losing them is clearly a crime against humanity). I have two questions: can't everyone see this? If you see it, why doesn't it matter? Despite all the problems in the country, the largest may be a shocking moral problem.
    • SJ
      Sy J.
      29 March 2020 @ 19:10
      There will never be a Biden Administration. He is a placeholder for a new nominee at a brokered convention.
  • AT
    Alan T.
    27 March 2020 @ 18:05
    does Raoul/RV team have any suggestions on best place to hold physical gold for individual investors? Great piece by the way
    • SB
      Stephen B.
      27 March 2020 @ 21:20
      The best place will generally be at home. If that is not secure enough for you, you may want a 3rd party storage location. The general advise is not to use a bank safety deposit box as there are precedents for that being subject to enforced bank holidays and/or risk of confiscation. You generally cannot contract directly with Brinks, Loomis etc. at the retail level but you can though intermediaries - i use Goldmoney.com (international locations) and Miles Franklin (North American locations). If you are into serious volumes other opportunities open up. But note - there have been rumours for a long time of a shortage of physical and that has materialized in the last few days, given the shutting down of various mints / refiners due to the virus, which means you may now have to order for an uncertain, future, delivery date.
    • CW
      CC W.
      28 March 2020 @ 06:11
      I keep it in my backyard. Under the ground in a safe designed to be buried.
    • CG
      Christine G.
      29 March 2020 @ 17:21
      PHYS
  • CS
    Christos S.
    29 March 2020 @ 10:36
    ABSOLUTELY BRILLIANT. I always love the KS interviews. Keep them comming
  • IP
    Iliyan P.
    29 March 2020 @ 07:32
    Dear RealVision Team, I have a question to you and if possible to Mr Kiril Sokoloff. I'm a long-time Russian assets bull, invested, with skin in the game. I have used the oil and stocks crash to buy even more. I appreciate the chess playing mind of Mr Putin, the problem is that I have one worry about my investments in Russian assets and if I get it right. Could this be a huge mistake for Russia, because it increases the risk for new strong energy sector sanctions? Lets say that Russia wanted to keep market share and also hurt US shale. It seems they will get all this. But what if this brings the USA politicians on the table to limit Russian oil market share by sanctions? There was a move by Rosneft recently to divest assets in Venezuela, which clearly shows they worry about US sanctions. So I'm worrying and wondering if buying Russian assets and the thesis that they are taking smart strategic decisions is correct? What sanctions from hell focused on the oil and gas sector could mean for their market share? Also it seems the US will bailout the shale industry, so financing might not be an issue. Peak shale oil is coming because of the fact that producers used their most lucrative wells first, so oil could find a bottom because of that and when the corona situation is under control, but probably not because of lack of financing for the oil industry. So I wonder, could oil find a bottom sooner, if the USA tries to completely block out of the global market Russian energy resources? 1. Will the USA hit the Russian energy sector with sanctions from hell to punish it for the chaos they caused to the market and shale producers or other reasons but use that as pretend? 2. Then the question is, if such sanctions will really be an effective or just cause a temporary crash for Russian assets? I think a few years ago, the USA did not want to sanctions directly the Russian state and economy because they were worried that oil prices will skyrocket and it was not that cheap back then. But what about now? When its so cheap, that its becoming a problem? Can they try to solve that problem by just limiting Russia from selling oil, same as they did with Iran, Venezuela? Thank you for taking time to read my thoughts.
    • IP
      Iliyan P.
      29 March 2020 @ 09:30
      Feel free to email me at ilipaskalev@yahoo.com if you do not want to comment here. Thanks everyone!
  • VK
    Vipin K.
    29 March 2020 @ 06:22
    Amazing !
  • SG
    Steve G.
    29 March 2020 @ 05:35
    just to note: many said exact same things when GFC happened. changing culture. this or that. does not happen. When a vaccine comes in 12-18 months, its also the end of this. with respect, short term sure. long term. 99% no.
  • SG
    Steve G.
    29 March 2020 @ 05:32
    i highly respect kiril, but espousing global trade and the lack of logic....almost didnt make it through. it was too much. and so blatantly ignores the vast peril in the trade relation/outcomes of today with the ccp.
  • RW
    Raymond W.
    29 March 2020 @ 03:44
    This video as well as Raoul’s previous videos are are amongst the best ever on Real Vision. I am a charter member of Real Vision and I only signed up for the macro view. If anyone has a better understanding of the big picture than Raoul please let me know who it is.
  • GO
    Glenn O.
    29 March 2020 @ 01:58
    Fantastic video, I just watched it for the second time. Kiril is very thought provoking and forward think as is Raoul. Well done Glenn O
  • CH
    Chris H.
    28 March 2020 @ 21:42
    lol this guy licks ccp balls . wont go there regarding how there are no human rights. People are tired of parasites like kirkil here. and nationalism is good you globo homo agenda shill
    • JP
      James P.
      28 March 2020 @ 22:54
      A high quality subscriber! ( and Kiril once told me himself that sarcasm was dreadful)
  • DT
    David T.
    28 March 2020 @ 17:59
    It’s not that Putler is a genius, it’s that other European and US leaders are idiots. When Putler fought wars with Georgia and Ukraine, EU shit their pants and sacrificed Georgia and Ukraine thinking that Russia will stop there. The European mentality is the same as it was in 1936. Sacrificing Georgia, Ukraine, Moldova, Syria and at the same time being dependent on Russian gas and oil will bring end to the European Unity. It is already very clear, looking at current Eurobond dispute that EU has no future and this virus or some other economic event will put a last nail into the EU coffin. Russia will bring the whole Europe and their “umbrella”.
    • WM
      Will M.
      28 March 2020 @ 21:07
      Who is Putler?
  • TR
    Travis R.
    27 March 2020 @ 13:10
    It is amazing to see commenters falling all over themselves to praise the "wise ones". There is nothing new or enlightening here. These two undoubtedly watch way too much CNN. Wake up; take off the blinders. The CCP; (not the general population of China) are the enemy of all people everywhere. Their citizens live in a virtual prison, run massive concentration camps full of Uyghur Muslims, destroy Christian churches/have pictures of Xi above the alter for worship, engage in rampant IP theft, murder political dissidents, and concealed the truth of the Wuhan Virus and imprisoned doctors who attempted to warn the world. But ya lets not be aggressive or divisive here wouldn't want to offend Xi and the gang. Geobbels would be proud. Also Biden is suffering from dementia and has zero chance of winning the election. I feel bad for Biden; let the man retire to peace and solitude. The only hope for Democrats is to run Clinton. Understanding I am taking issue with only 2 minutes out of the interview; those two "non-political" viewpoints cast a shadow on the rest of the thinking.
    • LS
      Lemony S.
      27 March 2020 @ 14:47
      This sadly was my experience, though I did like the final ~25 minutes. It is amazing that there are some among us that can look past (let me be nice about this) bad behavior if it "produces" relative slave labor and thus, more economic output. Then, after the business elite and politicians who have been bought off by the offending nation talk about the situation blandly, they then proclaim "I hope there is no war" when they've been encouraging the front-side implications all along. Yes, I hope as well there is no war between nations. But I didn't look blindly or stay mute when the reasons why such a thing would happen were promoted for decades (smh).
    • SW
      Scott W.
      27 March 2020 @ 15:47
      Raoul is the bomb. But everybody has better and worse days. This was not as insightful as other recent pieces. Oh well. But it's curious that Sokoloff thinks some combination of Biden/Bloomberg/Sanders would be good for the US. Or perhaps not. Both express the same peculiar admiration for Neil Howe shared elsewhere on the platform by many of "wise ones". Howe is a very smart guy with a relatively simple model borne out simply enough by central tendencies. Harmless enough when taken at face value. But Howe seems to pine for the next transformative leader to swoop in and and drive "us" through the crisis to the next first (or zeroth) turning. Beware of "wise ones" who gleefully advocate for the likes of Roosevelt and Lincoln.
    • KJ
      Kelly J.
      27 March 2020 @ 20:53
      Agree with many of your criticisms of the Chinese leadership Travis, and share Kyle Bass' deep concern about it - which I should remind all, Raoul and Realvision wanted everyone on the platform to see and hear, and many platforms would not. To my mind, Kiril and Raoul's comments on China and Biden were not necessarily saying that the evils of Chinese policies should be ignored or that they favor either Xi, Biden, Sanders or anyone else as a personality. I took their point as being that the black/white love/hate political divisiveness and nationalism arising in the world and in this country (as we can sometimes see come out in RV comments) can become very dangerous when it becomes policy economically and militarily, as times likely continue to get tougher now. Personally, I think Trump is a truly incompetent fool who manipulates fear and divisiveness to maintain power. And while I have huge complaints about Biden as well, it's clear that Biden or a similar character would obviously act more as a force to cultivate collaboration and cooperation in the US between factions and globally at a time when that's what we're going to need to get through the next period intact. If you believe the statistical fact that inequality has been ramping out of control in the US and globally due to the everything bubble, then the need to find ways to arbitrate down that explosive unfairness becomes crucial. It doesn't mean we shouldn't confront China over its repression and IP theft, but does say that it's utterly stupid to do it with a giant trade war as the global economy is objectively slowing toward a recession and a huge percentage of global interest rates have gone negative. Economic collapse and war are waiting at the end of the road of that kind of policy and that kind of divisiveness.
    • WM
      Will M.
      28 March 2020 @ 21:04
      I personally didn't read too much into the politically biased statements in the interview although it certainly seems to have heated up some RV viewers rather than focus where Kiril says he is placing his future investment plans.....GOLD STOCKS. (P.S. Travis...... I voted Libertarian last time because of the Clinton nomination. I support Martin Armstrongs view of politics and politicians, but I will hold my nose and vote for the best candidate out of a bad bunch. I believe to put up Hillary Rodham Clinton as yet another 70 something year old candidate will be without question the last time a baby boomer is considered. Politics in this country is polarizing the nation and drifting us to civil disturbance or worse. Whats needed is a center candidate...)
  • ca
    carlo a.
    27 March 2020 @ 09:33
    i don't understand why 27 persons dislike this interview. This is a masterpiece
    • PU
      Peter U.
      27 March 2020 @ 12:44
      Frankly, it is a real RV shortcoming to force a down vote to provide some explanation as to why the subscriber didn't agree with the video. We miss so much counter intelligence from the community without knowing why someone disliked it. Even a radio button with multiple options and a comments section would allow for efficient processing of a dislike (thumbs down). I have mentioned this in the past but nothing has been accomplished on this front.
    • PU
      Peter U.
      27 March 2020 @ 12:45
      Sorry, I left out the word NOT . . . should read Frankly, it is a real RV shortcoming to NOT force a down vote to provide . . . ..
    • WM
      Will M.
      28 March 2020 @ 20:55
      I have commented before that perhaps a choice of only up or down is not enough. Some may downvote because they are not interested in the topic or format while others disagree with the discussion premise. I have personally down voted maybe 8-10 RVT videos in over 4 years and I have watched or read the transcript of 95% of all available videos. So overall, I have enjoyed the vast majority.
  • LL
    Loic L.
    28 March 2020 @ 15:32
    Amazing interview, thank you gents!
  • CW
    CC W.
    28 March 2020 @ 06:07
    My issue with Mr. Sokoloff is he downgrade the atrocity of what China had done to their own people and to the world by saying how much China contributed in terms of GDP growth. I love Raoul and RV. But what we are seeing here is an interview of a China apologist. China did not sacrifice their own economy for the world. Don't forget it was China who complained about US restricting travel from China in the first place back in Feb/March. It was also China that gave false information to WHO back in January stating the virus is not possible to transmit between humans. There was a lot of deliberate spread of false information that leads to this pandemic. I am not trying to point the finger saying who is most at fault. But if we look at the sequence of the event had China provide more transparent information to the world about this virus people would have listened and prepared for.
    • CW
      CC W.
      28 March 2020 @ 06:37
      But I do appreciate this interview. It is insightful.
    • GB
      Gold B.
      28 March 2020 @ 11:31
      Absolutely agree. It is a shame that someone with such perceptive views has such little understanding of the nature of the Chinese Communist Party.
  • DA
    Dimitar A.
    28 March 2020 @ 11:09
    I highly, highly reccomend checking the book "The five stages of Collapse" by Dmitrii Orlov. Just by the resume, you will get , why you should read it NOW. Great interview, as always by Raoul Pal and Mr. Sokoloff !
  • TS
    Tim S.
    26 March 2020 @ 18:43
    I have watched almost *every* interview over the past 4-5 years. This is probably the best interview ever. We are privy to a discussion between friends covering a wide variety of topics. Set aside various pieces of content the may be disagreeable (Trump, BTC) and look at the biggest story and implications, One can't find this content *anywhere* in the world. Very, very, special. Thank you Realvision for sharing.
    • DS
      David S.
      26 March 2020 @ 19:10
      I agree, but one of many best ever. Friendship is something we all need in these times. DLS
    • DD
      Dwayne D.
      28 March 2020 @ 06:47
      Because of the positive comments, I'm going to have another listen while ignoring the politics. I feel I missed something while fuming.
  • DD
    Dwayne D.
    28 March 2020 @ 06:28
    I'm amazed people can't see what the Chinese did or maybe they just ignore it while looking out for their wallet. The Chinese shutdown anyone from within that wanted to warn the world about Corona, then they shut everything down for the Chinese new year knowing full well millions would travel and spread Corona. Using authoritarian rule, like few others can, the Chinese knew they could control Corona so no risk to China. So the Chinese locks down, reduces the numbers within knowing the west can't weld doors shut. The Chinese must have been rolling on the floor laughing when many New York City officials through all of February and 2 weeks into March told everyone to get out and enjoy, Corona is low risk. SARS which also originated in China was just practice.
  • XF
    Xavier F.
    27 March 2020 @ 14:49
    everything on realvision is opinion I am open to all the opinions, but respectfully disagree with some said here. Especially the politics. China is a problem, regardless of their contribution to the world economy. People before profits . Regarding the breakdown of the financial systems I agree. It makes sense. In my opinion...
    • ZM
      Zac M.
      27 March 2020 @ 22:27
      Absolutely, China’s appalling food safety standards are the most likely cause of this tragedy and they need to be held to account. It would be an act of cowardice not to confront this issue. Spare the rod spoil the child.
    • CW
      CC W.
      28 March 2020 @ 06:13
      I agree. Just because China had "contributed" to gloibal GDP doesn't mean jack.
  • AR
    Abishek R.
    28 March 2020 @ 06:02
    Salute the real vision production team to deliver such quality content in times like this. Kirils viewpoint at this juncture is invaluable.
  • IP
    IDA P.
    27 March 2020 @ 08:13
    may I add... often in countries where there is a demographic bust like Italy it's also the men who don't want to marry and have kids not just the women....
    • JL
      J L.
      27 March 2020 @ 09:18
      so true
    • DD
      Dwayne D.
      28 March 2020 @ 06:02
      Women like men who make more money than they, they still look to men with the question "how well can he support me?" Jordan Peterson talks about this extensively. Women get a lot of support by gov't, universities, and society in general since they are seen as weak so they need help, many men feel left out so they bail out, everyone is against them so by bailing out in masses, women have fewer men who are able to support them so they stay single, waiting for decades, often waiting until it is too late to get married.
  • JT
    Jay T.
    28 March 2020 @ 02:58
    Raoul, respect for you, but we don't need to "come together" with China (which really means the Chinese Communist Party). Forget niceties over whether Trump should call it the "Chinese virus" or not. The CCP are murdering, communist destroyers who are the enemy of freedom everywhere. The west (thanks Bill Clinton) has been extraordinarily foolish to enrich the CCP. The west should disengage and make it the priority to destabilize the CCP at every turn. They are our enemy. They are not normal global players or "partners". I know most of the people you interview are globalists and have probably made a fortune off of China, but it's been disastrous for freedom and for normal citizens to enrich the CCP. "We should all come together" is globalist claptrap. We should all focus on nurturing freedom and starving tyrants. If we don't wake up we will be very, very sorry in a few decades.
    • JT
      Jay T.
      28 March 2020 @ 03:16
      I should have said "thanks Bill Clinton, GW Bush and Obama". They are gleefully enabled the rise of the Chinese Communist Party and its looting of the technology & wealth of the west.
  • SG
    Suhail G.
    28 March 2020 @ 01:58
    Have been an RV subscriber since the beginning. Thought this was the best one ever. Great questions Raoul.
  • EL
    EDWARD L.
    27 March 2020 @ 22:54
    This is one of best videos you’ve done RV. Thank you.
  • DL
    Damian L.
    27 March 2020 @ 22:02
    Very cool
  • LB
    Linda B.
    27 March 2020 @ 21:58
    Wow! Learned a lot from this talk. The insight into Putin's possible strategy was eye-opening. Americans are so myopic. Just because you take a global perspective of events doesn't make you pro-Putin or pro-China. It is called being realistic. USA is not the only country on the planet and definitely not infallible. If we refuse to accurately assess the motivation of other wold leaders while our Nero fiddles away our well-being, then we deserve the outcome we get. I am grateful beyond words for the education I am receiving through RV. Thank you!
  • TE
    Timothy E.
    26 March 2020 @ 12:42
    Here is my biggest concern about bitcoin. The way it works is that approximately every 10 minutes, 12.5 bitcoin is handed out to a miner who is lucky enough to process the next block (this is chosen essentially at random). This is around $81,250 at today's prices of $6500 ($6500 x 12). Most bitcoin exchanges wait 3 to 6 blocks before accepting a transaction is good. So suppose a government or big corporation or entity wanted to destroy bitcoin. All they need to do is do something called a double spend, utilizing a 51% attack. Basically what this means is they transfer some bitcoin to an exchange, exchange it for USD or some other crypto currency, such as ethereum, and then withdraw it back to their own wallet. Then they fire up a huge array of computers that could compute faster than 51% of the current miners. Their computers would fork the blockchain before the transaction sending money to the exchange was run, creating blocks that essentially remove the transaction from existence. As long as they were able to run their equipment for over around 60 minutes with more processing power than 51% of the rest of the miners, (6 to get the money in and however long to get the alternate cryptocurrency out, approx. 30 minutes), they would be able to do this. Given that the subsidy given to miners is only 12.5 BTC / block, with the proper equipment, the total cost to them (at today's current price of BTC of apprx. $6500) it would only be $6500 * 12.5 * 12 = $975,000, which is basically a rounding error for any major government or corporation. After this had been done, the news would spread like wildfire that bitcoin had been hacked. This would, in turn, crash the price. So now lets say the price dropped to $3000. The subsidy is dependent on the price, so now half the miners have to shut off their equipment for the rest to make money (there is a variable number of miners competing for a the constant prize of 12.5 BTC / block). So now, to do the same attack again, the cost is just $3250 * 12.5 * 12 which is around $500K. And this process could then be repeated, over and over again, for less and less cost to do so, until the price of bitcoin reached zero. (Note that I'm ignoring the cost of procuring the computers to do this, but I would assume that most major governments would be able to acquire these, or have already had these lying around) The other thing to consider is such an attack can be done completely anonymously, since with proper techniques its easy to hide where the results this rogue attacker's miner are coming from (through vpn's, TOR, proxies, etc.) which would make this an even more attractive option. This can be done for *all* Proof of Work based cryptocurrencies, including BTC, ETH, LTC, etc. I used to think that the odds that a government or large corporation would do this were slim, but this is when the world economy was very stable. In the current times, I don't think it's that improbable anymore that there is some actor with the means and motivation to do this. Just thought I'd share since I haven't seen any talk about the security of bitcoin on this site, so I assume that most people here think that it can't be attacked, which is completely untrue.
    • PG
      P G.
      26 March 2020 @ 14:13
      Anyone else has a thought on this? This is scary!
    • DJ
      D J.
      26 March 2020 @ 14:24
      Okay, if the gov. Wants to go after bitcoint they will add a larger VAT on electricity for commercial players (Professionals), which will bleed cash from the players forcing them to liquidate. That is the real risk. Not hacking.
    • GB
      Gold B.
      26 March 2020 @ 15:14
      Why does it even have to be a government? A billionaire could do it from his volcano island.
    • SC
      Stephen C.
      26 March 2020 @ 18:56
      Wrong the 51% attack double problem isn't as bad as you think and the proof of work solves this already, check out https://www.youtube.com/watch?v=ncPyMUfNyVM.
    • JT
      Justin T.
      26 March 2020 @ 20:26
      Luckily that's not how it works.
    • RA
      Robert A.
      26 March 2020 @ 20:53
      I would really like to hear whether Raoul or D TAP, after consulting with their BC experts, believes this is something we need to worry about. First I’ve heard of this concern about BC.
    • TE
      Timothy E.
      26 March 2020 @ 21:28
      @Stephen T This guys argument boils down to 3 ideas: a) it's too expensive to acquire/produce the hardware to do this b) They could change the algorithm c) The community could "refuse to follow" the new block chain a) it's too expensive to acquire/produce the hardware to do this I agree that it would be expensive to churn out the chips needed to do this. Here is an article that says it can be done for about $1 billion. https://cryptoslate.com/analysis-bitcoin-costs-1-4-billion-to-51-attack-consumes-as-much-electricity-as-morocco/ However, existing hardware could be seized and repurposed. China has 66% of the world miners. This means they actually has the ability to seize enough hardware *today* and not pay a penny besides electricity costs to perform this scheme : https://www.aljazeera.com/ajimpact/china-bitcoin-miners-greater-production-power-research-191211190946896.html b) They could change the algorithm First, this isn't something that could be done at a flip of the switch. So doing the downtime, bitcoin trading would be halted, which would make the whole thing start to look pretty shaky. But also, such a move would effect all miners equally. It would mean throwing out all their specialized ASIC hardware, and buying new hardware (That's the purpose of this defense). As a miner, would you be willing to do this? I think many would not. Especially, since the deep pocket attacker would be able to do purchase new hardware as well. This makes it much easier for the attacker to defeat the changed network as well. c) The community could "refuse to follow" the new block chain This is a ridiculous idea, IMO. How do you know which chain is which? Are you going to perform heuristics to guess that this is the double spend chain and this is not? Abstractly, it breaks the central core of Proof of Work, which is that the chain where more work has been done on it reveals the true correct state of the system. Practically, it would mean the BTC software would have to create a bunch of built in software rules to try and determine which chain is which, the attackers or the "real" one (by looking for duplicate transactions on chain, choosing the fork that was ahead a few minutes ago, etc). Blocking IP ranges would never work, as anyone with a VPN knows. This opens up a myriad of attack vectors, because these rules can be exploited to invalidate the true chain much quicker than they can be developed. If you still don't believe that, then let me ask a question. If the rules are so good at determining which branch of a fork is the "correct" one, why do mining at all? --- Finally I will add that a 51% attack isn't a theoretical issue, but has already been exploited several times on smaller chains with less computing power, BTG, ETH classic, etc.: https://medium.com/hackernoon/the-history-of-51-attacks-and-the-implications-for-bitcoin-ec1aa0f20b94
    • PG
      Petter G.
      26 March 2020 @ 21:30
      Sorry mate, but you're beating a dead horse. This attack have been debated for a decade. There are many resources online that explain why this isn't a big issue.
    • ds
      david s.
      26 March 2020 @ 22:22
      Not enough computing power in the world to effect a 51% attack. in 2011/12 maybe, in 2020 , no chance
    • TE
      Timothy E.
      26 March 2020 @ 22:45
      @Peter If you could explain what your argument is, I'd be happy to consider it. I don't want to be right here, since without cryptocurrency currency, it seems like the world would become more dystopian. But just an appeal to authority (you must are wrong because these other people say you are) is a very thin argument. As I've stated before, this attack has already happened against other cryptocurrencies. Surely it should require more deep consideration, given this fact.
    • PG
      Petter G.
      27 March 2020 @ 21:52
      @Timothy: I'm well aware that 51% attacks have occurred on other chains. And it's not that the attack is irrelevant (the security model is based on the assumption that the majority of the miners are honest). It's just that there are much, much cheaper ways for governments to get the Bitcoin price down. Why bother doing an extremely expensive 51% attack when you could just ban all exchanges and all mining activity? There's still a risk that Bitcoin will fail, but I actually believe that the risk isn't that governments will intervene. Why? Because Bitcoin is (or will be) an order for magnitude more efficient than the current system and will also enable brand new business models. It's a win for society and in time governments will realize this too. Just my 5c.
  • IM
    Ilias M.
    27 March 2020 @ 20:56
    Congrats Raul for this interview, pls do it again soon!
  • PF
    Pam F.
    27 March 2020 @ 20:35
    I am always in awe of Kiril Sokoloff, but was a little surprised with his political commentary. The other guy, Raoul, is way to full of himself for me.
  • JH
    John H.
    27 March 2020 @ 20:20
    I am always struck, after watching RV, how little I know about markets, trading, etc. For me, it is a great respite from all the canned institutional thinking that has impaired my understanding, for so long. It is also the rare space void of politics. So, this video, although enlightening, was a little disappointing at times. Juxtaposing the comments that Trump’s naming of the virus is not helpful when the world needs to come together and the praise lavished on Putin for attempting to annihilate the US energy industry was difficult, as an example.
  • HS
    Hassen S.
    27 March 2020 @ 09:01
    I've added a bunch of videos to my list, but where can i find my list?
    • DP
      Duane P.
      27 March 2020 @ 17:52
      Been wondering the same.
    • MR
      Milton R. | Founder
      27 March 2020 @ 19:56
      www.realvision.com/my-list will be back soon on the platform
  • JM
    James M.
    27 March 2020 @ 15:49
    Interesting that Raoul mentions he has closed out his gold positions.
  • MC
    Mark C.
    27 March 2020 @ 13:04
    Always love hanging out with Kiril and Raoul! Good session gentlemen!
  • RS
    Ravi S.
    27 March 2020 @ 13:02
    Pure genius No words Except Thank you Two original thinkers
  • DS
    David S.
    27 March 2020 @ 13:00
    great interview I just don't know about the politics, Trump is not Hoover he has bailed everyone out and will do more bailouts and Biden is half senile, Trump will destroy him in the debates.
  • DW
    Dean W.
    27 March 2020 @ 12:38
    Slow internet today so couldn’t stream the video. Had to settle for reading the transcript, which actually was quite effective and saved me 30 min! Agree that the duration of this crisis is likely far longer than most people in positions of authority, expect. Also agree that the old rules and the asset reinflation trade is probably not going to be the main game on the other side. I went from stocks to bonds in Feb then to cash in Mar, based on RV advice, avoiding huge losses, so thanks RV! Am looking to possibly invest in rental housing at some point down the road if this crisis triggers another wave of foreclosures.
  • PN
    Panos N.
    27 March 2020 @ 11:18
    i like Kiril though to be honest was quite generic and didnt get any insights out of it
  • AH
    Adam H.
    27 March 2020 @ 11:13
    Great video and discussion guys!
  • RS
    R S.
    27 March 2020 @ 03:58
    When was this filmed? It shows the release date but not the filmed date.
    • MR
      Milton R. | Founder
      27 March 2020 @ 08:49
      This was filmed at the begining of this week.
  • MH
    Matthew H.
    27 March 2020 @ 07:00
    Fantastic
  • PB
    Pieter B.
    27 March 2020 @ 06:04
    Another wonderful conversation! Thanks a lot for your work!
  • ap
    andrew p.
    27 March 2020 @ 05:32
    Simply brilliant, thank you Kiril and Raoul and the RV team xx
  • MS
    Matthew S.
    27 March 2020 @ 04:48
    Are they forgetting that China lied to the world & WHO?! How many people's lives have been ruined, and they are concerned about labeling the virus. Sorry, I stand with Kyle Bass and his sentiments on calling it the CCP Virus. It was not the fault of the people of China, instead it was their leadership. Business community make excuses for China all because of cheap goods. Raoul is right that we should all stand together, but hold them accountable. The timeline of the lying and hiding of facts is astounding. Two very smart gentlemen, but the label and actions are important. CCP is working in overdrive to change the name and even blaming the US for it.
  • BM
    Beth M.
    26 March 2020 @ 15:04
    This is filmed on the 20th March...not sure why the date isn't posted. Raoul is wearing the same shirt for this interview that he had on when he interviewed with HedgeEye. Why do these episodes take so long to put up on the web site?
    • MR
      Milton R. | Founder
      26 March 2020 @ 15:58
      We understand that film date is important to you, but we removed it because it was becoming a way to ignore or diminish the substance of the video without actually addressing what about it was out of date. If something has changed and a specific takeaway is no longer valid please express this in the comments, but saying "5 days old!" is not a substantial enough argument. We are getting content out faster than ever now, and whether the piece was filmed a week ago or yesterday it is the ideas are the important part. We want to highlight those over everything. If we feel a piece of content is entirely stale or potentially misleading, whether it was filmed yesterday or 2 weeks ago, we will not publish it. That is the main responsibility of the editorial team. Our general rules are 1) that there is almost always insight to be had because our guests are looking out more than a few days and 2) our viewers will always appreciate more perspectives, even if a few things have changed since filming.
    • DS
      David S.
      26 March 2020 @ 20:15
      The Daily Briefing is the daily report. The word Daily tells you something. I am surprised at how well RVTV is transitioning from having a studio to everyone working from home. I saw a cute cartoon that showed a plane load of passengers being addressed by the captain over the intercom. He said something like - this is your captain. I am working from home. Constant complaining will lower your immune system. Forty or fifty years ago I saw a note stating that the second most stressful event in most people’s lives was watching the news. Now we have 24-hour news. How stressful is that. Trying to find some silver linings will improve your immune system. DLS
    • JL
      J L.
      27 March 2020 @ 04:46
      no Milton you don't, you are tired of the negative comments that are bad for business, hiding the date to highlight the ideas? please.
  • JG
    Joshua G.
    27 March 2020 @ 02:09
    Their politics are getting in the way of their field of view.
    • JK
      James K.
      27 March 2020 @ 04:32
      TDS
  • CM
    Ciaran M.
    27 March 2020 @ 04:04
    27 people don't like this interview? I loved it.
  • Nb
    Nathaniel b.
    26 March 2020 @ 23:01
    Great stuff, brought Putin's actions into historical perspective. Although cryptos are certainly promising, my humble suggestion would be to divert some of the computational power away from these projects for now and apply it to where it's most needed: finding an answer to the current virus and the next one to come. Projects like https://foldingathome.org/ are a good starting point.
    • SM
      Shivani M.
      27 March 2020 @ 03:44
      There already are crypto networks whose sole purpose is to devote computational power to scientific research endeavors. You can start the next one yourself!
  • OT
    Omar T.
    26 March 2020 @ 13:06
    I worry we will look back on 2019 like Japan looks back on its stock market from 1989. No more stock buy backs, retirees pulling money out, higher regulation, slow recovery with even bigger debt burdens, Fed infinity, Dems want people to get paid more being unemployed which causes businesses to automate faster with Feb money buying their debt, maybe we don't make new highs for another 20 years.
    • CG
      Christine G.
      26 March 2020 @ 14:35
      Aside from the simplistic comments about "Dems," I think you are largely right and those changes may lead to many new possibilities. Another thing many Democrats have believed that it is fundamentally wrong to take children from parents, and that letting that happen reflects a moral crisis. If we can whether the changes, perhaps we can have a moral and spiritual renaissance.
    • OT
      Omar T.
      27 March 2020 @ 03:32
      I just meant to say the Democratic Party agenda right now doesn’t appear to me to be pro stock market. Whether a good thing or not is another subject
  • AM
    Alexander M.
    27 March 2020 @ 03:25
    Wish I had heard this conversation 50 years ago. Iv'e been knocking on all the wrong doors before opening this one. Thanks RV not just for me but for hard working, honest families that have been taken to the cleaners for the ages.
  • PG
    Paul G.
    27 March 2020 @ 03:04
    from the transcript" Anyways, so I finally said, I'm just going to take a position this year just to get my feet wet. And of course, I got killed. It's a tiny physician, but you have to laugh. But at least I've got a physician on that I can add onto, but I love Bitcoin." Its very good KS has tiny physician :-) at least he has a physician in this COvid 19 world pun unintended
  • JD
    J D.
    27 March 2020 @ 02:51
    Thanks Raoul and Kiril. Great conversation.
  • db
    don b.
    27 March 2020 @ 02:48
    Glass-Steagall & Uptick Rule along with deep audits of Wall Street & the State collusion. Wake me up when that happens
  • RS
    R S.
    27 March 2020 @ 02:37
    Excellent
  • JS
    Jim S.
    27 March 2020 @ 02:36
    A move to distance learning may exacerbate the education gap, especially for students who need direction and haven’t yet “bought it to learning”. I’m not talking abut self directed college student, but hs/ms/es students whose parents work multiple jobs to make ends meet and hence don’t have the bandwidth to keep the students accountable. I hope we find a way to mitigate and adapt to alleviate this issue.
  • GS
    Greg S.
    26 March 2020 @ 23:47
    This is the kind of interview I signed up for originally. I don't give a shit about how to invest or the latest craze. I have my own investing style and methods. I want ideas that I can take, think about and possibly apply to the way I do my own investing. Ps - the quality of the comments is going downhill.
    • km
      kristopher m.
      27 March 2020 @ 01:13
      By all means can we please get more content for Greg? As for the comments, perhaps a mirror, and a glass of scotch.
    • GS
      Greg S.
      27 March 2020 @ 02:25
      kristopher m. is correct (below) in regards to my remark on the comments. The mirror came out too late as did the glass of scotch. My apologies to all.
  • NI
    Nate I.
    26 March 2020 @ 15:46
    I agree that the corona recession/depression is very bad for Trump, but I'm not so sure Biden is electable. Let's just say Biden was the greatest guy ever and 80% of voters loved him, I still don't see how we could put someone in the oval office with dementia. My guess is that Biden steps aside and Democrats nominate someone else. If that person isn't a complete whack-a-doodle, they probably sail into office.
    • CG
      Christine G.
      26 March 2020 @ 16:01
      Republicans don't seem to have much problem with dementia. Reagan was clearly showing signs of early dementia by the end of his first term. Experts' evaluation of Trump's speech indicates early dementia. While I think there were stronger candidates, at this point I think Biden will get it. On his side, he does not show the ethical, cognitive or psychological deficits that Trump does..
    • NV
      Nathan V.
      27 March 2020 @ 02:06
      I can hear the Cuomo rumor train chugging in the distance.
  • DS
    David S.
    26 March 2020 @ 19:51
    Why is it important to identify where the virus originated? The Spanish flue did not start in Spain. We do not always know the point of origin. It is important to identity the virus. It is important to fight the virus. It is important to help the sick. It is important to keep as many people safe as possible. It is important to know the epicenters to help stop the spread of the disease. Get a grip on what is important. DLS
    • SD
      S D.
      26 March 2020 @ 20:04
      It's important to impose accountability on China for unleashing this on the world, and semantics are important, as China's evident attempts to disguise its role in this problem by insisting that "china" appear nowhere near this disease's name. It's not smart to ignore an evil entity getting right up in your grill. Okay, so far it's only words, but let's not forget than half a million people are now dead.
    • SD
      S D.
      26 March 2020 @ 20:06
      (that should be infected, obvs)
    • DS
      David S.
      27 March 2020 @ 01:38
      S.D. - Should we change the name of the Spanish Flu to the Kansas Flu where it may have started? Accountability has to do with intent. Do you believe that the Chinese government intended to inflict this much death, decease and economic damage on itself? Please let's move to higher ground. DLS
  • MT
    Mark T.
    26 March 2020 @ 17:32
    I think of RV viewers as sophisticated and hopefully politically non-partisan. Smart people can carry two opposing views in their head at the same time. So it's surprising to me to see anyone defend Trump. The man is a liar, he isn't a leader, and he is unqualified to be president. The facts on this are indisputable. Anybody, even Joe Biden, could do a better job than Trump. As Sokoloff said, a leader inspires the people, brings people together towards a common goal. All Trump does is divide.
    • TS
      Timothy S.
      26 March 2020 @ 17:51
      All this comment "does is divide".....amusing!
    • SD
      S D.
      26 March 2020 @ 19:59
      Two opposing views - as in, perhaps there's another view of Trump worth considering? Apparently not. Monoculture rules, promoted by those who deride it.
    • km
      kristopher m.
      27 March 2020 @ 01:20
      I would dispute the statement that Biden would outperform anyone.
  • NR
    Norbert R.
    26 March 2020 @ 20:52
    Raoul for the beginner investor what vehicle do you recommend we dip our toe into Bitcoin or other similar currency
    • JP
      Joseph P.
      27 March 2020 @ 00:46
      *not investment advice* Just as in gold you want the “physical” asset. Signup for Coinbase, Gemini or Bisq (Bisq if privacy concerned as some crypto OGs are) and start dipping in that way. You can buy in whatever dollar amount / increment you wish (you do not have to buy a whole bitcoin at one time as it is infinitely divisible). If you begin to establish a serious position you will want to look at getting a wallet—look at Cold v. Hot storage, of which there are benefits to both based. Hope this helps.
  • DS
    David S.
    27 March 2020 @ 00:37
    Japan is very nationalistic. They may never leave their own markets.
  • dw
    douglas w.
    27 March 2020 @ 00:22
    Thanks for bringing Mr. Sokoloff back on. Always brings RV a unique perspective full of wisdom.
  • DG
    Duarte G.
    26 March 2020 @ 23:53
    Fascinating. 🙏🏻
  • SB
    Stephen B.
    26 March 2020 @ 23:44
    Fabulous discussion by two of the most thoughtful and sharp people on the planet. Enjoyed every minute of it!!! One (very, very minor) point of feedback, however: As a serial entrepreneur, with multiple start-ups to my credit (some successful, some unsuccessful) i can tell you that the idea that starting up your own business is a path to freedom is routinely exaggerated. I have found bigger companies routinely stole my ideas or employees; would often regard paying my invoices as somehow "optional" and would also routinely leverage their key stakeholder relationships (lenders or suppliers) against me, in all cases knowing that a start - up has limited capacity to fight back. Remember that the failure rate for start-up is sky high and battling such odds is not for everyone. As an employee, one has some protection, as employers have to conduct themselves within employment legislation. As a small start-up, you may find yourself at the very bottom of the food chain, in a dog eat dog world.
  • PS
    Pavel S.
    26 March 2020 @ 21:01
    Kiril is a man of wisdom. His experience, level of insight and ability to pull a fitting quote or story is so inspirational. This video made my day. Thank you, RV!
    • DS
      David S.
      26 March 2020 @ 23:43
      Both are very articulate ! Great interview. Thank you, RV!
  • BM
    B M.
    26 March 2020 @ 22:51
    The interview was cut at 16:46? Kiril was explaining why gold would do well also in a deflationary environment. Why did you take that out? It would have made a very interesting point of view why that would happen ( I mean gold).
    • BM
      B M.
      26 March 2020 @ 22:55
      Timestsmp: 16:46 left until the end of the interview.
  • BP
    Benton P.
    26 March 2020 @ 16:55
    When was this filmed? Would be great to add that date during these crazy days, just for perspective.
    • RJ
      Robert J.
      26 March 2020 @ 17:54
      yeah - no one really cares about the publish date given the speed of the moves...
    • GT
      Guillaume T.
      26 March 2020 @ 22:50
      Based on the pool table I will say it's pretty fresh!
  • TP
    Tom P.
    26 March 2020 @ 22:36
    I once went to a night club that was almost as lavish and Raoul's games room.
  • RA
    Ron A.
    26 March 2020 @ 22:36
    Kiril Sokoloff, what a great man! Thank you for featuring Mr. Sokoloff again. He is a plain spoken and wise leader. As a private, I'd pick him as my lieutenant in the fox hole.
  • OD
    Orin D.
    26 March 2020 @ 22:28
    One of the best videos ever on real vision
  • PJ
    Peter J.
    26 March 2020 @ 22:20
    Terrific!!!
  • TK
    Tadej K.
    26 March 2020 @ 22:20
    Amazing! Raoul, Kiril, thanks to both of you for letting us in the world of your thoughts, ideas and friendship.
  • JS
    JEVGENI S.
    26 March 2020 @ 22:16
    They can move the arms to the very last seconds...
  • MS
    Matthew S.
    26 March 2020 @ 22:04
    Hoping this leads more people to the platform: https://medium.com/@mattcsnow/real-vision-the-netflix-of-finance-b9bc8b69a3c7
  • LS
    Lemony S.
    26 March 2020 @ 21:59
    What did Zeihan suggest, by the way?
  • BC
    Benjamin C.
    26 March 2020 @ 19:48
    Totally underwhelming. The range of quality on these sessions is a little odd.
    • BC
      Benjamin C.
      26 March 2020 @ 20:33
      watched a second time and took more away than the first time. Apologies & Thank you.
    • LS
      Lemony S.
      26 March 2020 @ 21:58
      I agree. It is surprising that Kiril also doesn't even know the quote or context in which he claims Vladimir Putin said something regarding the USSR collapsing being a tragedy. I encourage everyone to actually go watch his speech and what he is referring to (the challenge of establishing the new federation, dealing with oligarchs stealing and trying to takeover the remaining goods and infrastructure, and his countrymen trapped on the borders). Many people don't even know the narrative they spout, another proof of the influence fake news can have even on guys like this.
  • AK
    Alexander K.
    26 March 2020 @ 21:46
    It was reassuring to hear the optimism of Kiril and Raoul on long distance learning. Funny enough, I am in the middle of a switch from theoretical physics in academia to a tech startup that does just that.
  • JE
    James E.
    26 March 2020 @ 21:36
    I think that governments are going to have to balance the risk of the virus to the risk of destroying the economy, which means opening up their economy in the expense to people getting the virus before the vaccine is available. Trump is probably thinking this. There is so many unknowns, stay safe everyone.
  • ZM
    Zachary M.
    26 March 2020 @ 21:24
    A re-evaluation of China...FFS
  • mh
    michael h.
    26 March 2020 @ 21:05
    What was with the jump cut around 26 min into the video? Kiril was about to ponder about the FED keeping the dollar under control and you jump to bitcoin. What else can they do besides swaps and what if oil goes under $10? I'd gladly listen to anyone that can expand on that.
  • Sv
    Sid v.
    26 March 2020 @ 17:25
    Spanish flu, Asian flue, Ebola, etc. these illnesses have always been named for the geography where it seemed to come from. "We should all come together" is such hippi language. Never, ever has the world all "come together.
    • KE
      Kathryn E.
      26 March 2020 @ 21:01
      Spanish Flu didn't start in Spain, so you might not know what you are talking about. I don't see the importance of the name https://en.wikipedia.org/wiki/Spanish_flu
  • NF
    N. F.
    26 March 2020 @ 17:14
    The market is up 20% in the last three days. How relevant is this conversation and when was it filmed? I’m not a pro member but I don’t this that means I deserve stale content during a fast moving crisis
    • RN
      Richard N.
      26 March 2020 @ 17:32
      Personal Opinion: These macro trends that they are talking about most likely won't help you in the short term from a trading perspective but could help in positioning your portfolio over the next 5 years. At least that's how I have used RV opinions in the past and wow has it paid off for me.
    • NF
      N. F.
      26 March 2020 @ 18:03
      I’m not looking for short term trades, but when they talk about current events, the events should be current. This think is changing so quickly that the situation three days ago is not current.
    • PS
      Pavel S.
      26 March 2020 @ 20:53
      Wrong: I deserve this content faster. Correct: I am grateful to get access to such a phenomenal content. Also true: This video is timeless, not an urgent time dependent piece.
  • EH
    Edwin H.
    26 March 2020 @ 20:26
    Big fan of both Kiril and Raoul. Thank you for this video. One item I found interesting (Know I am not a fan) but people still underestimate Trump. Many think Biden is a shoe-in, however, Trump's numbers continue to go up. Also, have any of you been watching Biden? He is having a very hard time atm. Mixing of words, and truly looking like early-stage Alzheimer's. Even if we end up in a Depression, Trump still will have a chance, because his followers do not blame him for this. Just thinking out loud. Be safe out there and wash your hands!
    • BC
      Benjamin C.
      26 March 2020 @ 20:35
      I've got Hillary on at 100/1 Biden is not cojent and had ukraine stink all over him. His party is hated, and Trumps approvals have firmed up over the covid event. I think Hillary is a safer bet for the DC. Shes all over media, own podcast, documentary, had the botox, pumping her twitter account. Shes not a lock but she aint 100/1 either
  • AB
    Arawata B.
    26 March 2020 @ 10:15
    Always enjoy listening to Raoul & Kiril, thanks. Do you think the US will nationalize the shale patch for energy security? And keep oil lower for longer to stimulate the US economy? Though noting effects on USD strength...
    • DS
      David S.
      26 March 2020 @ 20:31
      I do not think the US "will nationalize the shale patch." The only thing that the US could do is to put a tariff on imported oil to balance. I am not sure this will happen either. DLS
  • AA
    Alberto A.
    26 March 2020 @ 20:16
    Obviously two great thinkers so my expectations about this conversations was very high. Always a good conversation but not as insightful as usual. I would suggest fast forward the first 35min....just when they start to talk about gold, geopolitics, etc. But thumbs up anyways. Not sure why Kiril sees as a given a Biden victory? Stay safe...
  • MM
    Michael M.
    26 March 2020 @ 15:25
    It's possible to be too big brained. I have immense admiration for both these men, but the crying over any stigmatisation for the virus and explaining it away with 'don't forget chinese gdp contributions' makes you look like robots. The 'we are all one' stuff really needs to be given a back seat, it's not how the world is.
    • DS
      David S.
      26 March 2020 @ 20:01
      A fractured world may be the way the world works, but should it move toward working together to solve major issues to promote the common good. ("Promote the common good, provide for the general welfare" seems like something I read somewhere.) DLS
  • RN
    Richard N.
    26 March 2020 @ 17:30
    Kiril said something very interesting about the crash and eventual death of leveraged ETFs. I wonder if this thesis is only regarding those supporting a bull market or if that belief also pertains to leveraged ETFs focused on volatility, gold, silver, and precious metals miners (Ex. $JNUG). I understand that physical will sell at a higher price on paper, but do you believe this paradigm will be the death of the paper market and those leverage funds?
    • JH
      Joseph H.
      26 March 2020 @ 18:38
      It may be the death for leveraged ETFs, but don't believe the "paper market" conspiracy theories, they are nonsense.
    • DS
      David S.
      26 March 2020 @ 19:33