The current outlook in the markets is... shaky at best. War in Europe. Inflation and political instability in the USA. On top of that, Terra (UST)  began its historic plummet—right in the middle of recording this episode. Raoul Pal of RealVision returns to Bankless to synthesize the widespread chaos in the markets, and helps us figure out how to position ourselves for these wild times. ------ 📣 ALCHEMIX | Get a Loan that Repays Itself! https://bankless.cc/Alchemix ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ LIDO | LIQUID ETH STAKING  https://bankless.cc/lido  🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger  ------ Topics Covered: 0:00 Intro 6:30 Not Looking Good Out There 14:00 What Goes Up… 19:49 The Macro Fundamentals 25:09 The Debt Bubble 31:29 Tech Stocks 37:30 No Safety Net 42:34 Global Concerns 47:45 UST Collapses 52:30 A Massive Meltdown 55:15 Regulation 59:30 Maturing Crypto Markets 1:05:45 What can save us? 1:12:38 More Stimulus Checks? 1:19:22 Hedging Against Inflation 1:22:00 Raoul’s Portfolio 1:26:10 Culture as an Asset Class 1:28:53 Advice for First-Timers 1:31:40 Should We Be Scared? ------ Resources: Raoul Pal: https://twitter.com/RaoulGMI?s=20&t=fcZpeyDaMB3GKo8aC1i4Gw  RealVision: https://www.realvision.com/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

2nd Week of May, 2022 ------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/    🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/    ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO   🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  ------ Topics Covered: 0:00 Intro 3:30 MARKETS 4:00 BTC Price 5:14 ETH Price 6:20 BTC Ratio 7:30 Down Bad 8:20 The Fed 11:30 Alt L1s https://twitter.com/RyanSAdams/status/1524530815534780418?s=20&t=vizZmVoPrcVxbam1fHBrDw  18:41 Coinbase Earnings https://twitter.com/fintechfrank/status/1524128481537400832  22:30 NEWS 23:00 UST Luna Collapse https://twitter.com/terra_money/status/1524785058296778752?s=21&t=E7dei4OsxkNXTk1l9K0kaQ  36:06 Tether Loses Peg https://www.coindesk.com/markets/2022/05/12/tether-loses-1-peg-bitcoin-drops-to-2020-levels-of-near-24k/  38:05 Coinbase Bankruptcy https://www.wsj.com/articles/coinbase-says-users-crypto-assets-lack-bankruptcy-protections-11652294103  41:27 Bankless Banned from Youtube https://twitter.com/BanklessHQ/status/1523317593947353089  48:58 Optimism Records https://twitter.com/kelvinfichter/status/1523826091961597953  51:00 NFTs 51:24 Instagram NFTs https://twitter.com/BanklessHQ/status/1523404729715359745  53:49 Doodles Billboard CEO https://decrypt.co/99660/ethereum-nft-collective-doodles-names-billboard-executive-new-ceo  54:14 PopeNFT https://www.entrepreneur.com/article/426931  54:54 Poolsuite Manor DAO https://twitter.com/Poolsuite/status/1522311339116539906  55:15 REGULATION 55:44 BitMEX Fine https://www.coindesk.com/policy/2022/05/05/us-court-orders-bitmex-founders-to-pay-30m-for-illegal-trading-2/  56:51 Germany Tax https://decrypt.co/100086/germany-wont-tax-bitcoin-ethereum-sold-after-one-year-of-possession  57:43 JUNO Oops https://twitter.com/CoinDesk/status/1522290377713192962  58:30 RELEASES 58:40 Hop Drop https://twitter.com/HopProtocol/status/1522284534598967300  1:00:45 Compound Treasury Credit Rating https://twitter.com/compoundfinance/status/1523655146898661376  1:01:35 Zapper iOS App https://twitter.com/zapper_fi/status/1517155336070696961  1:02:25 Zora $50m Raise https://twitter.com/stevejang/status/1522287336209362944  1:03:18 Decrypt Raise https://www.coindesk.com/business/2022/05/03/decrypt-spins-out-from-consensys-mesh-raises-10m-at-50m-valuation/  1:03:40 JOBS https://pallet.xyz/list/bankless/jobs  1:08:15 Community Questions https://twitter.com/ChristopherSc15/status/1524539103412379650?s=20&t=C0zGfY_hr437Uh3oamnkuw  https://twitter.com/Jasper_ETH/status/1524492344317419520?s=20&t=C0zGfY_hr437Uh3oamnkuw  https://twitter.com/daniserra/status/1524570148257947648?s=20&t=C0zGfY_hr437Uh3oamnkuw  1:15:45 TAKES 1:16:10 DAO Culture https://twitter.com/owocki/status/1524069606855303168  1:18:35 The Best Investments https://twitter.com/RyanSAdams/status/1524703484884488192?s=20&t=HrwnaTnEh4GfX6mk8q5Ybg   1:20:15 What David’s Excited About 1:22:00 What Ryan’s Excited About 1:24:05 MEME of the Week 1:25:00 Moment of Zen ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures