Raoul Pal, co-founder and CEO of Real Vision, posted on X today, November 10, 2026, a detailed economic theory on the impact of central bank policies. Pal stated, "After 2008 the world was left with a debt it can never repay, so the central banks do the only thing they can. they print the money to roll it, every year, and every year of that printing takes around 8% off the value of each dollar." He argued that this continuous printing causes assets like houses, stocks, gold, and Bitcoin to rise as more dollars chase the same assets.
Pal's comments come as the market continues to grapple with inflation concerns. Recent Gokhshtein Media coverage, including 'Treasury Selloff Grows as Inflation Surprises, Fed Shows Hawkish Pivot' and 'Peter Schiff Calls for 200 Basis Point Rate Hike to Combat Surging Inflation', highlights ongoing discussions about monetary policy. Bitcoin is trading at $73,826 today, down 1.5% over the last 24 hours, while the Crypto Fear & Greed Index is at 32, indicating 'Fear'.
Pal's view implies that individuals who do not own assets are getting poorer annually due to this hidden tax on wages. He suggests this mechanism explains why the system feels rigged and why traditional paths to wealth no longer function. According to Pal, understanding this dynamic is crucial for comprehending the economy and facing the 'Exponential Age'.
