X @Raoul Pal

RT Raoul Pal (@RaoulGMI)I started by trying to understand markets. Thirty years later I've ended up somewhere closer to life, the universe and everything. The same four rules keep showing up...Along the way I've written three frameworks that have shaped how a lot of people see the world.The Everything Code is what I found when I went looking for what actually drives markets. A debt rollover cycle, managed by liquidity, debasing the currency at roughly 8% a year. That debasement is monetary entropy. Capital ...