"America Is Collapsing Like Rome" - Ray Dalio's Warning On Money, Chaos, WW3 & 2024 Recession

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On Today's Episode:
If you’re one that avoids economic news, politics, and global matters you may want to pause and lean into this conversation as an objective view of reality with historical context.
These are scary uncertain times we’re living through with an entire banking system failing, politics with one agenda to divide the country, and the battle for global power.
With the economic crisis unfolding before us, you have a decision to make on how you respond in this moment. No one can tell you what is best for you, but as Ray Dalio puts it, he wants you to at least understand the mechanics of what is happening so you can do your own analysis of what’s best for you.
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater, a billionaire investor, and bestselling author, joins Tom for a sobering conversation about the obvious problems with banking causing its collapse and the moment in time we’re facing with global conflicts on the rise.
The emphasis is on understanding the mechanics and knowing what to look for and how you’ll respond. Ray shares valuable insights on the way banking works, why the collapse of SVB was obvious, the 6 cycle trend that sees the rise and fall of empires, and 3 tiers of security you can put in place for yourself.
Ray Dalio has decades of experience, knowledge, and learnings he’s put together his books, Principles: Life and Work, Principles for Dealing with the Changing World Order, and video content he’s made freely available on his KZbin channel for everyone that values truth and radical honesty.
Check out Ray’s video mentioned in this episode, Principles for Dealing with the Changing World Order: • Principles for Dealing...
QUOTES:
“One man’s debts are another man’s assets.”
“It’s not safe because I’m losing money to inflation.”
“We know we’re going to have financial problems and economic problems at the same time that we have this internal fighting and this external risky situation.”
“When we think about safety we have to think about that as purchasing power.”
“You as an individual should think about the total safety, including maybe that terrible scenario doesn’t happen, and if you do that you will come to a better balance decision.”
“To be financially strong requires you to not spend more than you earn.”
Follow Ray Dalio:
Website: www.principles...
Twitter: / raydalio
Instagram: / raydalio
KZbin: / @principlesbyraydalio