I like how he made sure to put the date in the beginning 😂. A lot of people were skipping if they thought it was more repurposed content . I’ll watch this!
@GigiloveRB777Ай бұрын
One of my biggest things about this guy, is the non stop ads and reruns. Sometimes I just think he's greedy in this aspect. High quality interviews other than that.
@DrewDynamite04Ай бұрын
No more mashups!
@apemancryptoАй бұрын
He really screwed himself doing that.
@bigvalexander8917Ай бұрын
@@GigiloveRB777yup 100%. Fine line between being savvy in business and alienating your loyal subscriber base. Patrick Bet David does the same thing.. always shilling his app and merch. Comes off kinda thirsty for someone worth hundreds of mil
@matts9728Ай бұрын
@DrewDynamite04 that's good news. I used to listen to these all the time, but stopped the last few years because of the Mashups and dated conversations that I had already heard.
@S.C.WeissmanАй бұрын
Thank you for the date in the video 🙏 that’s been killing me lately. I don’t mind you recycling material, but I have a hard time not knowing what the context is, time-wise
@andysadvice3236Ай бұрын
Yes, totally agree, I stopped listening because I couldn't keep track of what I was listening to
@patrickbills4106Ай бұрын
Same here,
@Raj_1201Ай бұрын
I follow multiple KZbin Channels, so I don't have time to watch the recycled episode for even few mins
@sscalercourtney5486Ай бұрын
I minored in Econ with a B+ average (3.75) When George Bush II cut taxes and increased spending, I was certain it would lead to inflation. Instead we wound up with deflation. This went against everything I was taught in Economics. (I didn't major in Econ because of a required advanced math course I couldn't pass.) During the Obama years it finally hit me. China brought a billion new workers into the capitalist system. Over a ten year period. Never in history had a billion new capitalist workers been added during a ten year period. The Chinese, working for a fourth of American wages, brought down the cost of manufactured goods by half. Thus starting about 1997, we began seeing deflation because of cheap Chinese labor. Our Fed and Congress fought deflation fears from around 2001 to around the end of Covid. But with us adding tariffs to the Chinese goods and strongly limiting the American companies the Chinese could buy, we raised prices. I don't care if you don't like this. It is reality. How do you not understand cheaper Chinese costs drive down American prices? No, there is much about China I don't like. But unlike most people, I like reality not my hopey-wishy politics. Around 2021, Biden got hit with a double whammy. First Covid supply chain problems raised prices. Second, Trump and Biden's Chinese tariffs raised prices. Biden should not have ran a 4 trillion dollar deficit. (Nor Trump an 8 billion deficit in their four years). But reality is they did from the fact that from around 2001 to the end of Covid, we were in a deflationary cycle. And nobody really knows the economic future as it would meaning knowing the spending habits, both consumer and business, of all 7 billion humans every morning. One of the biggest inflation factors going forward is tariffs on the Chinese. Again, I don't like the Chinese, but I love reality. And the reality is raising tariffs on the Chinese will increase inflation in the US. This in part because if we put tariffs on everyone, the US can sell to about 21% of the world's economy outside high tech products and hundred billion dollar investments. The Chinese will be able to sell to the 79% of the world's economy that isn't North America for products that depend on price, not hi-tech and tremendous investments. If you hate the Chinese enough to love raising tariffs on them, fine. But don't then complain about higher prices. The two are connected no matter what your politics want to believe. The 79% of the world's economy that isn't North America will favor the Chinese over the Americans on things that sell on cost. Why should a person in Poland or Saudi Arabia buy a $10 American made hammer when they can buy a $5 Chinese made hammer? Because you want them to? Really? And don't give me that not facing Reality of saying a Chinese hammer isn't as high quality as an American hammer. You want it to be so. But the rest of the world doesn't really care what you or I want. And that is Reality. Best of luck to you.
@alanmcrae8594Ай бұрын
Well said! Given the time it takes to launch a new business to manufacture goods that were outsourced decades ago, the immediate price inflation that consumers will feel is going to be very, very painful. Add to this the overvaluation of the stock market, de-dollarization in BRICS transactions, and the weaponization of dollar denominated assets and you have the perfect recipe for the acceleration of our national decline. I'm reading Dalio's book "Principles for Dealing with The Changing World Order - Why Nations Succeed and Fail" and the chart on page 52 seems to show exactly where we are in the normal cycle of the decline of a world power. So far, there doesn't seem to have been any superpower that has escaped Thucydides Trap, and nothing that I'm seeing in the incoming administration gives me any confidence that their plans will somehow succeed where no other nation has. In fact, rather than a Manhattan Project of our best & brightest, the proposed appointees seem to be mostly tv personalities, corrupt businessmen, and extremist ideologues. While we do have significant internal resources to draw upon, we have been monetizing our extravagant debt-driven lifestyles and political leaders are judged by how consumers feel about their ability to consume & service their debts. This is not the road to sustainable living on a beleaguered planet transitioning to a global climate state change...
@SparkingRelativityАй бұрын
We sold China everything we designed and they produced it with horrible quality in order to make it cheaper. They had a good run but last I checked remember Pearl Harbor. 🇺🇸
@sammassey8563Ай бұрын
China is in a steep population decline. They won’t be able to compete at the same level within 10 years
@kevinsutube1p528Ай бұрын
In Poland and Saudi Arabia, they’re gonna buy the quality hammer. 3rd world countries will buy some shit Chinese hammer
@GalvanizedSquareRoseLalondeАй бұрын
@@kevinsutube1p528 China has strategically positioned itself as a global leader in manufacturing and innovation. Their products, once known for being cheap, have improved significantly, becoming highly competitive. Beyond that, China dominates the production of high-tech electronic products and components, excels in building bullet trains and infrastructure at unmatched costs, and manufactures EV cars that rival Tesla in quality. In fact, many Chinese EVs are now more technologically advanced than Tesla’s offerings and far cheaper due to substantial government investment and subsidies. China also controls a significant portion of the global supply chain for solar panels, green technologies, electronics and the critical materials needed to produce them. This dominance is no accident; it’s the result of focused strategy and investment. Meanwhile, American and European capitalists, driven by extreme greed and short-term self-interest, prioritized their own wealth over long-term national interests. In doing so, they fueled China's rise while neglecting the broader needs of their own nations. Our capitalist system, which prioritizes profit above all else, has revealed two critical weaknesses: 1.The right cross... It often ignores national interest in favor of personal gain for the wealthiest individuals due to the ability of wealth to own our politics- we are an oligarchy that has elections. 2. The hook... It lacks a mechanism to balance this greed with collective responsibility, leaving the majority of people vulnerable. This one-two punch has brought us to a precarious point. While the U.S. remains a formidable power, its foundation-propped up by U.S. treasuries and the dollar’s status as the world reserve currency-is fragile. If the dollar loses its global dominance, the consequences will be dire. The solutions being proposed will likely involve significant pain for the majority, while the wealthy remain insulated, as has been the pattern throughout history. While we live materially better lives than our ancestors, many still struggle to afford basic necessities like rent. Modern comforts like TVs and computers are more distractions, tools to keep people compliant while corporations continue selling a dream and their stuff. Media and the internet has given us so many channels that it has fragmented society, creating echo chambers that reinforce political biases and emotional appeals.To divide the populace so that we can feel like we have choice while big money takes over the government. Part of the solution lies in education-fostering critical thinking, rationality, and open dialogue with the development of ethics and civility. Unfortunately, these principles have been replaced by division and mob mentality. It will take a generation to undo and it won't because that is not in the interest of the Capitalist. They need us distracted. Until we address this, we risk perpetuating the same cycles of inequality and stagnation.It's a perfect storm.
@tonysilkeАй бұрын
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
@Nernst96Ай бұрын
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
@JefferyDunsАй бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
@PhilipDunkАй бұрын
Who is this person guiding you and how can i reach he/she?
@JefferyDunsАй бұрын
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Sophie Lynn Carrabus" I've worked with her for some time and highly recommend her. Check if she meets your criteria.
@PhilipDunkАй бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@The_Cold_SlitherАй бұрын
He totally dodged the question on working class anger in this election, and the fears of our children’s futures being worse than their present. He gave platitudes.
@henrytep8884Ай бұрын
And you’re too uneducated as a parent to give a solution to a extremely complex situation. I rather follow his advice than yours.
@FloydThePinkАй бұрын
I do believe that has already happened. Either gen X or gen Y. Will not know until that generation retires though.
@donnathomas2731Ай бұрын
Totally dodged the question. According to folks that voted for that man, they want change (wrong change) if you ask me.
@davidl.7317Ай бұрын
Ray 100% answered the question in detail. He talked about raising "productivity". Raising productivity and tax codes are what has made the rich richer and the poor poorer. "You" need to be more productive every hour you work. "You" must be more efficient. This has been going on since the Industrial Revolution but really went into overdrive post WWll and forever wanting every worker to put out more blood, sweat and tears to take care of themselves or their family, lest the Boss fires you and replaces you with somebody who is more productive or a machine.
@lance4337Ай бұрын
@@davidl.7317 replacing us with AI and robots doesn't help the working class .
@GalvanizedSquareRoseLalondeАй бұрын
Ray Dalio makes a commendable effort to remain balanced and avoid offending anyone, but at times this approach can dilute clarity and directness. In the segment between 47 and 60 minutes, he and Tom discuss the critical role of education-both academic and in fostering civility-while addressing the significant challenges faced by disadvantaged communities. A major point of discussion was the widespread criticism of less capable teachers in struggling schools. Dalio rightly challenges this one-dimensional view, emphasizing that the issues run far deeper. Even Tom, or highly capable individuals, would struggle to succeed in environments where the majority of students face profound disadvantages. Dalio highlights that these schools lack basic resources and support systems, but more critically, the students themselves often arrive with significant challenges: gaps in foundational skills, trauma, and the effects of a misguided upbringing. Teaching in such an environment is exponentially harder than teaching in wealthier districts, compounded by behavioral and social dysfunction. Tom's comment about charter schools succeeding "without money" by relying on ethos was inaccurate. Charter schools often receive government funding and substantial private donations. Additionally, many charter schools benefit from selective admission processes and student "cherry-picking." Students who struggle to perform in that environment are often pushed out, resulting in a population bias. It's also worth noting that many public schools outperform charter schools, challenging the notion that charter schools have found a universal solution. The real issue, as Dalio alludes to, extends beyond schools to the broader environment-a reflection of poverty and systemic social inequalities. Addressing the lack of resources is just one part of the solution; the deeper problem lies in rebuilding communities and addressing the generational impacts of these inequalities. One glaring omission in their discussion was any mention of wealth taxes or the financial struggles of the middle class. Today, even highly educated and skilled professionals are living paycheck to paycheck, where once a single income could secure a stable home life. The erosion of the middle class continues to deepen inequality. While Dalio and Tom touched on flat wages earlier, they did not delve into the systemic issues or acknowledge the role of wealth redistribution in fostering broader societal stability. As wealthy individuals, it’s possible they were reluctant to discuss their own obligation to contribute more to society. This omission is concerning because income inequality is at the heart of many of our nation’s challenges, with technological disruptions further accelerating disparities. If these issues remain unaddressed, we risk significant social unrest and a hastening of America's decline. Dalio strikes me as pragmatic, compassionate, and sensible-a leader with the ability to see the bigger picture. In many ways, he would have made an excellent presidential candidate to challenge someone like Trump. Smart people like Dalio and Tom bring valuable insights, but they also lack the lived experiences and direct experiences of what they are discussing where their understanding is from books and papers, Living something, being in it is so different from reading about it, if that is basis of ones understanding they will have real blind spots concerning reality. Ray to his credit has some of that experience via the work his wife participates in.
@user-hx7il8cl2kАй бұрын
Well said ❤
@ambraschettini3057Ай бұрын
To me, Ray Dalio's demeanor in this exchange displayed that he is very worried of what's to come. His tone, and body language said a lot.
@mushroomzuluАй бұрын
I failed school until I went to a charter school. The ethos at the charter school was far superior.
@ExhaultedPoobahАй бұрын
@@mushroomzulu The criticism of "cherry picking" of students by charter schools is off base, and this is where Dalio misses the boat. The problem that he is dodging, and that people are afraid to talk about, is that disruptive non-white students cannot be removed from the classroom "because racism." This is something that Obama caused, and it is based on "Disparate Impact" thinking - here it means that if a protected population is 13% of the total and more than that is removed from the classroom, this is "racism." No, it is about, as Tom said, values - those who do not behave must be removed from the classroom, otherwise that is no longer a "classroom." Tom and Ray disagreed at this point, and the rest of the interview sort of disintegrated and became evasive after that. To understand this point, which in regard to education and crime is THE POINT - AKA The Soft Bigotry of Low Expectations, read an article by Heather Mac Donald published in Imprimis titled "Disparate Impact Thinking Is Destroying Our Civilization." There you will see the statistics. The question was raised "How does Singapore handle this problem" with regard to the question of how do you handle the "useless" people. Singapore has borders, and does not do Multiculturalism. This begs another hard question - Does Multiculturalism Work? Now, not all of these people are from protected populations, as the 50-year-old government bureaucrat that was laid off was also mentioned as having a problem finding a new job. But the racial component, which is danced around and avoided here, is a component, as was the fact that those "useless" jobs include at a significant level the DEI jobs that are targeted by the new administration.
@mushroomzuluАй бұрын
@@ExhaultedPoobah Most cultures are intolerant, you cannot tolerate intolerance. So multiculturalism is especially incompatible with democracy for example. Funny thing is, the charter school I went to was 99% black. I was one of 3 white kids in my grade of about 100 students.
@daviddruggish271Ай бұрын
Greed has been allowed to destroy capitalism and the nation. Cant believe the smart people dont realize this.
@TheMpmpmpmpmpmpАй бұрын
Why would they? They are the most greedy and benefiting the most from the current system.
@RodgerGrogan22 күн бұрын
They realize it, they are playing people and the fools will fail for it every time,I mean take the election they voted for a man and a party that will give tax breaks to millionaires, billionaires and inheritance babies but give the middle and low class the finger but they frame it in the old trickle down economics bullshit,I call it bullshit because we have decades of history of tax breaks given to the wealthy and no wage increases,so a percent of the dumb dumbs that voted for trump they voted against their own interest in favor of the wealthy interest to not pay their share of taxes and to continue paying slave wages
@ywtcc22 күн бұрын
America started as a colonizing Empire, not a nation. This is how we got from 13 east coast states to global power. We're still trying to achieve nationhood, but the path is forward, not in idealizing the past.
@wernerfoerster366622 күн бұрын
@@ywtcc _America started as a colonizing Empire_ ... things that make you go hmmmm
@azalia42319 күн бұрын
S i o ' s
@ANDYPADOVAАй бұрын
People try to predict the economy not realising it is central planned, not a capital market. Instead of having much cash sitting in the bank that could lose value to inflation. I've been pondering, should I invest in stocks or just buy gold to safeguard and grow my $350k reserve?
@theTeslakingАй бұрын
People try to predict the economy not realising it is central planned, not a capital market. Instead of having much cash sitting in the bank that could lose value to inflation. I've been pondering, should I invest in stocks or just buy gold to safeguard and grow my $350k reserve?
@CHRISTIAN-MYERSАй бұрын
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
@iamlaurenmoeАй бұрын
this is quite huge ! what have you invested in ? much more info needed please ...
@CHRISTIAN-MYERSАй бұрын
Her name is. 'Sharon Ann Meny’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@iamlaurenmoeАй бұрын
curiously inputted Jessica Lee Horst on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
@neosapienz7885Ай бұрын
I agree that there needs to be reform in government, but running a country like a business is a very bad idea.
@hirenpatel6118Ай бұрын
Running the country like a business, if you live too far from USPS, you ain't getting any deliveries. Disaster happens? Fight it out with your insurance. Health insurance dropped you cuz you got diabetes? Pull yourself up by the insulin strap!
@jamesharkins6799Ай бұрын
Agreed, running a government like a Mafia is an even worse idea.
@mikek9297Ай бұрын
@@jamesharkins6799 It's better actually. Businesses fail every day and mafia persists. The point of government is redundancy and stability, not efficiency. But I guess we'll see what's what soon enough.
@rbeauchampАй бұрын
I agree completely. A business's goal is to maximize profits for shareholders, whereas the government's purpose is to serve its constituents. Running a country like a business risks prioritizing profit over people. Imagine if a fire department aimed to maximize profits instead of saving lives-it would compromise public safety for financial gain.
@sailirish7Ай бұрын
yes and no. Depends on what you mean by "run it like a business". Do you mean: A.) slash spending on everything but medicare/medicaid/SS/DOD a la Neocon policy? B.) Increase revenue, and aggressively reduce cost (waste, fraud, abuse, unproductive programs)
@allisontaylor315Ай бұрын
A huge amount of Americans are waiting for the “I told you so” moment That is already happening … Sad the state we’re in - us regular folks ….
@Sane1015Ай бұрын
I'd much rather be wrong. Especially since those you would aay "I told you so" to will likely never admit and/or understand they were wrong.
@mikek9297Ай бұрын
@@Sane1015 And you would ? Which side really has a track record of admitting to being wrong ?
@Sane1015Ай бұрын
@@mikek9297 liberals. Maga still can't admit the 2020 election wasn't stolen. Can't admit Trump lied about the wall and Mexico paying for it. Lied about covid. Lied about J6. Lied about Obamas birth3,. Lied about knowing people who knew.
@hurleywilson7246Ай бұрын
Sad that outright lying is okay and the hiring of people who tried to overthrow the government is okay. But here we are...
@SapwolfАй бұрын
@@hurleywilson7246 It was a protest, not a rebellion. Stop with the TDS and get some help before posting like a fool.
@TylerEric-n2zАй бұрын
*I'm glad you made this video* it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love..
@GratfyMooreАй бұрын
I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a newbie
@SOULFly-v6iАй бұрын
Huge! been trying to trade on my own for a while now but it isn't going well. Few weeks ago I lost about $10,000 in a particular trade. Can you at least advise me on what to do?
@WixaRDOfELАй бұрын
🙏 *12k to 407k is significant increase. My first copytrade wasn't profitable. Please share who you copy trade*
@GratfyMooreАй бұрын
I only copytrade one manager
@GratfyMooreАй бұрын
Coashjanice...that's it💯.
@justin333ebАй бұрын
It’s amazing how much our beliefs around money hold us back. How is nobody talking about 'Forbidden Laws of Wealth' by Victor Hayes, it really opens your eyes.
@FireOElijahMCАй бұрын
I got it, truly a good book
@cybershellrev7083Ай бұрын
Lol Promoting a scam book...
@coreyham3753Ай бұрын
@@FireOElijahMC So what are the key principles of this book?
@VictoriaFirmstoneАй бұрын
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024
@BryonyClarke-e4vАй бұрын
I would really love to know how much work you did put in to get to this stage
@VictoriaFirmstoneАй бұрын
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
@RichardArthurBakerАй бұрын
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
@AnicaEmbregts-j3eАй бұрын
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
@JimJamieson-z4hАй бұрын
His instructions allowed me to bring up my retirement plan, resulting in an estimated $700 thousand more by the time I retire.
@TimeSkip-AIАй бұрын
⏱️ Timestamps by TimeSkip ⏱️ 00:00:00 - Economy as a Chessboard 00:01:38 - International Order Dynamics 00:03:08 - Preparing for International Conflict 00:05:03 - America First Policy Explained 00:07:19 - Fragmented Global Policies 00:12:17 - Economic Independence and Conflict 00:17:47 - Modern Monetary Theory Explained 00:20:01 - Inflation and Debt Instruments 00:21:33 - Goldbacks: Protecting Wealth 00:22:53 - Prioritizing Education and Civility 00:27:25 - Risks of Non-Compromising Policies 00:30:26 - Impact of Government Size Reduction 00:32:50 - Addressing Displaced Workers 00:39:46 - Market Optimism and Economic Signals 00:41:40 - Technology's Role in Job Disruption 00:43:09 - Disparities in Job Opportunities 00:47:44 - Education's Influence on Society 00:55:03 - Challenges in the Education System 00:56:34 - Resource Allocation in Education 00:59:31 - Value Systems in Education Reform 01:01:25 - Charitable Giving Initiative 01:05:39 - Holiday Shopping with Charitable Gifts
@clappincheekzАй бұрын
Good bot
@IceBear369Ай бұрын
I'm going to listen, although I do it reluctantly. This is one of the people responsible for the current predicament this country finds itself in, especially in regards to China.
@MisterViagoАй бұрын
Zhu Rongji and Bill Clinton are of those most responsible for China being integrated into WTO. Why blame a practitioner for playing the game well?
@TrevorEMayoАй бұрын
How is it you miss the obvious - America is in an economic bind because it's people operate on a something for nothing philosophy which makes them vulnerable to most any smart shyster that comes along.
@richardmackenzie1878Ай бұрын
America is responsible for it's own predicament. American boomers lived at the peak of luxury, took out exorbitant loans, engaged in endless wars, and put this country in debt. Other countries had no part in our downfall.
@ryanbailey8588Ай бұрын
Finally someone who understands.
@alterego157Ай бұрын
Apologize, at once
@JC-sc9rxАй бұрын
I think Dalio has a good focus point when he keeps bringing childhood education into the spotlight. This is critical for a functioning society. I definitely appreciate this about him.
@denises3671Ай бұрын
Except Trump loves the poorly educated
@ketonoobАй бұрын
My kids have benefited from his private donations to local schools. He does indeed practice what he preaches. I live in a city sandwiched between super affluent areas, one being his home. My kids had chromebooks during the pandemic because of him. That all sucked being home, but it helped equalize that baseline of access.
@luvsuneja24 күн бұрын
They should consider him for reforming the department of education
@MaximilianFischer49717 күн бұрын
Trump's policies had been viewed by many experts as more positive for the financials sector, spurring this massive rally. It's enticing to consider purchasing some cryptos and stocks, I'm contemplating investing more than $300k. Thoughts?
@TicheDebb017 күн бұрын
It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
@RowanBryson17 күн бұрын
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@MarshalWagner45717 күн бұрын
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@RowanBryson17 күн бұрын
Actually it’s a Lady. Yes my go to person is a ‘Diana Casteel Lynch’ So easy and compassionate Lady. You should take a look at her work.
@vince9080h17 күн бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@MysticRainDropsАй бұрын
we have never been known, compared to other developed countries to be great at social safety nets, with this system under trump, it seems to me, it will be not just be America first, but the wealthy 1st. Making the rest of us very vulnerable. I see this wave of poverty like the ones we see in 3rd world countries with a huge income gap and a pathetic, unregulated Oligarchy. sad but trump will be the downfall of USA in everyway
@merlingrim2843Ай бұрын
60% of adults in the US have a sixth grade reading level. The comprehension level is even lower and the cognitive function is similarly inadequate to avoid being replaced by generative AI. Even if AI doesn’t progress much further, 60-80% of knowledge work in healthcare, law, administrative, etc will be automated. For a while we will enjoy a massive productivity boost, and the barrier to entry for these sorts of jobs will get lower and lower. We are already witnessing it. What once took 20 hours now takes 1-2
@vellaj6270Ай бұрын
True. You will need to retool the American workforce. There will be extreme massive unemployment in the short term.
@dr9299Ай бұрын
I recently watched a vid about an PHD Engineer discuss his 1- year quest to solve a math problem he had, after he completed that he decided to give the SAME problem to AI and it solved it in 32 seconds!
@whiteknight9429Ай бұрын
@@vellaj6270 It won't be short term, and the disruption will be permanent (permanently less jobs, permanently less people employed). And it if anything it will last for decades.
@jessicadavis2244Ай бұрын
@@whiteknight9429 Yup. Universal basic income will be used to keep the rabble from rioting. Happy Hunger Games.
@rodiculous9464Ай бұрын
That's not true. We are already seeing that AI is not the panacea people think it is. You need talented ai architects to implement it correctly, many companies are actually finding that it's cheaper to just hire some minimum wage lackey than to implement an ai, even an off the shelf product. It's resource and energy intensive too. On top of that you now have to train all your workers on AI so that's also an additional cost. There's also security concerns if you're using a cloud based ai. My company recently implemented an intranet ai based on Llama and while it does help me with some aspects of my work, it often hallucinate or provides incorrect information, I was trying to remember a keyboard shortcut for excel so I tried asking it and it wouldn't give it to me, then later I remembered it and typed it into the llm and it was like "oh thanks I will remember this now" but honestly idk if it even will remember it or if it's just telling me what I want to hear. I think it will be an overall aid to productivity but not so much that massive droves of people will get laid off.
@robertahoffmann8820Ай бұрын
Ray I’m a retired school teacher… I have your probably most famous book plus your kids book! We teachers always tried to fit in good values and morals into our classrooms as it was often desperately needed! Character Education was another subject we put money into! I wish we could teach parent’s Character Education as it all starts in the home! But having said all this… how do you feel about Trump not being a man of character or morals? Why doesn’t our country care that he has deficits in those areas? Do you think he will try to stay in power and basically wipe away our democracy? Our constitution?
@jamesmedina2062Ай бұрын
just remember as hard as it may be to admit it but our society has steadily become coarser and meaner year after year because these things sell. Gun stores have multiplied as have sales. Ultimate fighting. MMA. Sex changes. American football. Bodily mutilation. Street takeovers. This man unifies these coarser values, worship of money, manipulation of media, and corruption. If it were one thing that is the oxygen feeding the fire, it is the widespread media attention. Without that he would not have the same power. So, in essence the answer to Trump is how do we restore the better American values of community, love, farming, holidays, etc and how does this nation get proper information and not the manipulation and propaganda? These are huge issues. Issues of our times.
@zwatwashdc18 күн бұрын
Oh give me a break. Biden had his crack addicted son fly around on air force one making lucrative deals, influence peddling payola into his own pocket for the last 12 years. What a coincidence that the same Ukraine that paid his son millions is the same one we are shelling billions out to now. Funny how it was the center of Biden’s corruption and now it’s the center of US foreign aid.
@TrevorEMayoАй бұрын
The bottom line is that no matter who's in charge or what policies they implement if the end result requires money-printing to maintain the con then the real economic beneficiaries will be those who own income-generating assets and scarce in-demand assets. Everything else is noise.
@jasonfarley836429 күн бұрын
"you're looking at this in a one dimensional way" is an understatement. My God! Great job by Ray Dalio.
@-SILONАй бұрын
Well, I'm sure that Ray will be fine regardless of what happens.🙄
@jasonolinger7585Ай бұрын
And what is your point? The guy expresses his concern with the lower class and seems to have compassion.
@Daniel-x5pАй бұрын
Dalio is a good dude. At least he's using his resources, talents, wealth and influence to spread the truth about how the world works as well as accurate views on the economy. Compare that to people like Musk and Bezos who are using their wealth to manipulate the media to brainwash wash the people into supporting tax cuts and deregulation fot themselves. Also Bezos didn't make his money exploiting the working class, he just managed to make millions of dollars per employee and paid them fairly well. Hating on this guy is just being a hater, we should all value his contributions and content. and hey, though i'm not a billionaire hedge fund or nobel prize winner or phd, I was a distinction grad with an econ degree in financial econ and econometrica, so i do have some idea, and this guy gives some of the best economic commentaries in the world for free.
@Daniel-x5pАй бұрын
How do you hate on the dude preaching about how he donates to charities instead of buying his mates gifts because it makes the world a better place? Like i'd hate him if I was his mate but for the rest of us hobos, this guy is a saint.
@-SILONАй бұрын
@@Daniel-x5p I'm not hating on the guy at all. I just have a general distaste for the markets, the casino, etc . I'm not trying to sound like a socialist here, but when is too much, too much? The way that somebody becomes exponentially rich is something I question. And now, when you're at the end of your career, and you have benefited from all of this, the good times, etcetera, you express concern. Maybe I'm wrong, but just seems a little fishy to me.
@nancyferrier8609Ай бұрын
@@Daniel-x5p Donates to charities that probably wouldn't have to exist if the wealthiest paid their fair share of taxes and corporations didn't exist to make stockholders wealthy at the cost to workers.
@tabithasantos980922 күн бұрын
Tom, my goodness Im so grateful you bring Ray on! He’s an amazing man! 🥇
@denises3671Ай бұрын
Ray said raise your children well. People working 2 and 3 jobs barely see their kids. Rich people are so out of touch.
@Dcorp412Ай бұрын
He also addressed the issue of low wages not going up significantly since the 80s though. I think he was just saying that raising children well plays a major part in having productive members of society. That’s if that’s possible. He also said a 16 year old having a baby ends up not having the resources to be that great parent and the cycle continues. Not very out of touch. Rich people also raise some shitty kids so it’s not all about money
@SPUDRULZ31Ай бұрын
If you have kidz you are responsible to raise them well regardless of your circumstances. Every one in the country is counting on one another to do this. When we see the crime, mass shootings etc there is a link to how that person was raised.
@denises3671Ай бұрын
@ if prices keep going up and people keep getting poorer it’s not going to get better
@johnnywlittleАй бұрын
That’s a factor
@katsdeeliteАй бұрын
@@SPUDRULZ31 Raising thoughtful, kind children with an adequate attention span is much easier if you can actually take time away from your dead end job{s} to be with them, energy to play and listen to them, help them with their home work, and endless testing. It's also easier to raise decent children if you can find affordable housing despite the housing, food, water, and medical facilities being dominated by venture capitalists and hedge funds. You know what else makes it hard to raise good children? When the money being sucked out of your pocket provides those at the top with "increased productivity". We are nothing but commodities, tolerated as long as we are "useful".
@johnnyretires23 күн бұрын
In other words, this is a really good Fourth Turning.
@fromduskuntodawnАй бұрын
Oh this one was recorded in this decade? Whoa 😳
@IndependentPrettyGirlisАй бұрын
😂😂😂 OMG 💀
@jasonolinger7585Ай бұрын
I am really impressed with the compassion of Ray for the underprivileged people in this country, if only we had people like him running the country.
@williampelerin8515Ай бұрын
I know Dalio is rich. I'll assume he is smart about running a business. But if you were to just read the transcript, without knowing who was speaking, you would have to conclude this guy is just empty vapid bromides, with very little substance. Bilyeu: "If Elon and Vivek come in and start hacking and slashing {...} do you think that will be recessionary or {...} it will free up human capital to go into the private sector?" Dalio: "I think that depends on whether it improves productivity or worsens productivity." Clearly we should all genuflect in respect to the awesomeness of this man's Galaxy Brain!
@mdarrenuАй бұрын
Don't mess with the Jesus!!
@yara-b9tАй бұрын
Must watch video for Left ,Right or middle politicians ,Billionaires or anyone who loves this country. Respects to Ray Dalio !
@jasminevalentine1919Ай бұрын
Summary: keep the wealthy in power in the United States as long as possible until it all crumbles. Who benefits? Not you, not me, that seems fishy. This isn’t fascinating. It’s so dire now that they’re saying the quiet part out loud.
@ilamare2545Ай бұрын
Großartig, dass du das Thema angegangen bist und wunderbare Vorschläge von Ray Dalio. Ein kleines Geschenk und wenn es nur in Zeitungspapier eingewickelt ist, bringt dem anderen Freude. Menschen brauchen gute, liebe Worte und kleine Geschenke. Dann Kommen Mut, Zuversicht, Selbstvertrauen, Motivation und schließlich der Ehrgeiz das Leben besser zu machen. Ich war Lehrerin für Flüchtlinge aus Afghanistan, Irak und Iran. Menschen reagieren überall auf der Welt gleich, wenn man ihnen mit einem ehrlichen Lächelns und guten Augen entgegengeht. Danke für das Gespräch!
@joanfrisinabowles1369Ай бұрын
There comes a time that EACH American needs to decide what they want our Society to Stand FOR. Maybe folks NO longer truly want what the Founding Fathers of the Constitution purported... and they want to change the paradigm and the proclamation. Is this what is happening???? I'm happy to see that Ray Dalio a successful, wealthy investor, whom I believe and see has compassion and responsibility for the greater good.. something many overly driven corporate elites .. just don't comprehend. Maybe not everyone believes in a modern day indentured servitude that corporations may believe in.. especially by those like YOU Tom, who are extremely driven. Why do all humans have to be driven to that degree???? Isn't that a personal choice in a supposedly free society????
@nicholasdavidbrunnerАй бұрын
really insightful take especially with the education discussion at the end, i really want to know how to make that better for those kids
@callmeajajajАй бұрын
So nice to hear him put the stress on values; education, and character.
@michelestidhamwhitmore8313Ай бұрын
Neither of those things things hold a value in America.
@kennethlauer4735Ай бұрын
Democrats have none of those 😂
@tcmcanoerАй бұрын
Like the date and the captions- thank you for adding these. The sound effects were distracting though. Please leave that out in your next video. Good job Tom!
@christinaherrenАй бұрын
Ray Dalio and Tom Bilyeu sit in ivory towers and wax poetic about the fate of the working class in the face of AI. If anyone should be concerned about irrelevance, it’s these two talking heads who produce nothing but condescension and self-congratulation. Real value isn’t found in detached intellectual musings-it’s in the hands of the workers who build, teach, care, and create. What exactly do Dalio and Bilyeu contribute to society beyond their egos? The world doesn’t need more think pieces from elites who are so removed from reality that they can’t see the humanity of those they dismiss.
@TheKnightOfVenusАй бұрын
Couldn't disagree more.
@Poppya2024Ай бұрын
What a ridiculous thing to say. You obviously have no idea how Ray and Tom got to where they are now. What...do you think someone just gave them money. Do some research and you might find some genuine nice surprises about Ray.
@raniavassiliou9909Ай бұрын
Interestingly only one if these men manages to maintain a connection to reality while maintaining an interest in the Human Being … Tom seems to believe we are just numbers … unless we prove our value as productive units - i have followed hime for years and am horrified at what he seems to “believe” nowdays ( sways with the wind of wherever power/fame seems to be coming from..)
@raniavassiliou9909Ай бұрын
Dahlio on the other hand seems to be using the “safety” of his “Ivory Tower” as you call it, and his platform/access to the many to propagate decent ideas (both practically and morally); while also (as seen here) rebuff the blinkered, self righteous, condescending dismissive… non-human
@Callitout-kl1uqАй бұрын
You couldn’t be more wrong. With machines and AI, humans won’t be producing goods or any formulaic output (code, accounting, etc.) If you want to have a job in the future, you need to understand, anticipate, and interpret human behavior.
@wesleyruble1516Ай бұрын
Thank you for adding the date of recording. I always enjoy listening to Ray Dalio's perspective.
@BWes25Ай бұрын
I love that they just glaze over tariffs raising prices. Yea, the people who just voted against inflation will now suddenly be okay with more inflation lol
@kristenpereira4113Ай бұрын
they don't know what they voted for. I saw a girl say I did my research and we all got paid by check in 2020 thanks to Trump. I really wanted to ask her if she knew who wrote the bill.
@DistractedDaisyАй бұрын
😂😂😂😂
@doesitreallymatter1541Ай бұрын
Trump slurpers aren't very bright, so it is not shocking that they don't understand how tariffs work
@donovanwilson418Ай бұрын
I’m ok with paying higher prices because it’s made in America. I’m not ok paying higher prices because the government printed money and everyone took a vacation. Not the same thing, and if you don’t understand that, don’t talk about the economy.
@BWes25Ай бұрын
@ virtually every Trump voter I know said they voted for him because they were sick of paying such high prices at the grocery store. None of them realize tariffs will raise prices. You think they’ll continue to support Trump and his policies if their prices continue to rise?
@Mars_Life_and_Beings29 күн бұрын
Ray thank you for refreshing insight on the US economy. Taxation versus tariffs on individual goods is a great planned approach. The top down directive will revitalize and economize.
@guru47piАй бұрын
Bullshit that tariffs can bring in more money than 'wealth taxes'. Tax policy since Reagan has transferred $50 trillion from the bottom 50 to the top 1%. We can claw that back, but we have to do math and realize where the money is, and what is progressive vs regressive. Generally tariffs also support very inefficient domestic industries. Tariffs really need to be targeted and temporary; anything else supports inefficiency and inflation. We don't have to print money! We just need to tax our extremely wealthy people more than the current 7% (on average) and corporations higher than the current average on profits (3%). Any discussion with a millionaire or billionaire about the budget deficit, financial responsibility, or money printing, is useless UNLESS it starts with 'raise my taxes.' We have historically and globally low taxes on the rich in the US. Their taxes need to be normalized.
@Daniel-ef7nkАй бұрын
High taxes on the rich and corporations drives them away to another country and eventually lower not only the tax revenues from them but the entire gdp. It is not as simple as that as just deciding to collect more money from certain groups
@nirod1281Ай бұрын
You nailed it Tom, Ray's notion is good on education, he is not addressing the deteriorating value system in America for hard work and believing in handout culture and entitlement culture.
@aklyricАй бұрын
LOL! Logic: People are mad because making a life is too hard, so let's make things more expensive and make them work harder. They'll love it!
@WaxPaperАй бұрын
That's the grift. Make people think the harder it gets, the better it will be for them in the future.
@towboattrashАй бұрын
Go plant a damn garden to feed yourself, hunt your meat, make your own clothing….lets see who works harder in their life. I understand humans thought that technology would free them up to have more time to sit on their butts but as it turns out….reality says no. You will work for your life one way or another.
@davidmoore5004Ай бұрын
No taxes on overtime!
@ericreed4535Ай бұрын
Doesn't cheaper energy offset some of the costs of production? Isn't deregulation deflationary? You're oversimplifying.
@whiteknight9429Ай бұрын
@@davidmoore5004 Overtime was now axed.
@sundaytidwell3567Ай бұрын
Ray, the best and wisest of guests. And, although I don’t know a lot about Ray’s WIFE, I have the greatest admiration for HER and what she brings to the NATION - a focus on our children, teachers and schools. I have frequently heard Ray give her credit. She deserves it! She has gone into the humblest of places and brought out the truth, the reality. Then she and Ray have given money to the poorest of children & schools and encouraged others to, as well. Ray is so right when he emphasizes the need to educate not only for academics but also for civics. So many people act uncivilized that it’s plumb frightening to think of our future.
@__WandererАй бұрын
Tom, your lack of empathy with regards to people being fired from their jobs is slightly disturbing. Surely we should live in a society where everyone has a decent quality of life.
"Won't someone PLEASE think of the horse and buggy manufacturers...."
@marblarrmarblarr138Ай бұрын
You are not ENTITLED to a job, if your skills are no longer needed, it is what it is.....get new skills. It's tough I'm not gonna lie, but so is life.
@texasrefugee7888Ай бұрын
@@marblarrmarblarr138You sound like you don't know anything about our new form of government which is called inverted totalitarianism and managed democracy. You should learn
@marblarrmarblarr138Ай бұрын
@texasrefugee7888 And you sound like a communist. Btw I didn't hear you actually rebuke a single thing I said. Having a job that is actually needed, doesn't seem like a crazy idea, but I'm open to an actual response.
@MeenoTumАй бұрын
Merging of business and government is the definition of fascism.
@bbbhhhaaa7008Ай бұрын
Try again
@BishopGSDАй бұрын
@@bbbhhhaaa7008actually thats correct.
@JuanchouuuАй бұрын
He is Still bitter @@bbbhhhaaa7008
@user-tg2rj8tt9mАй бұрын
Fascism : a populist political philosophy, movement, or regime that exalts nation and often race above the individual, that is associated with a centralized autocratic government headed by a dictatorial leader, and that is characterized by severe economic and social regimentation and by forcible suppression of opposition
@LionMentality1982Ай бұрын
All countries must be Fascist then. This has always been the case. Both go hand-in-hand
@shakeyhorseАй бұрын
A few facts to consider. 90% of all of the productivity gains reaped since the 1990’s has gone to the holders of capital. Very little has been shared by working people. The only time working people were able to get an equitable share of the gains in productivity was when they had genuine bargaining power. The private sector is grossly inefficient at providing health care and social care . I think the US spends 13% of its GDP on military infrastructure. I wonder how much could be saved by going through this budget line by line. Might just save enough to pay educators properly, build the best schools and set the next generation up to succeed. All of them.
@reginapetty2042Ай бұрын
You are bang on about the inequitable distribution of productivity gains.
@kcf7710Ай бұрын
Excellent. Thanks Tom. Huge fan of both of you. Wishing you Holiday Blessings 🧡🤎
@plinkfuture2557Ай бұрын
A billionaire encourages tariffs that will hurt middle class and poor people instead of a wealth tax that won’t hurt rich people - lol - GFU😂
@randywalsh8383Ай бұрын
4 Years of tearing up oil leases & purposeful high gas prices, purposeful high interest rates & uncontrolled immigration, .........and the new guy is the problem... after 12 of the last 16 of Biden & Obama..yeah ok.
@montyboy71129 күн бұрын
Thank you for adding a date of recording to the video!!!!!!🎉
@timothy8142Ай бұрын
We're in a major predicament right now with regards to 16:40. How do you improve productivity when the workforce isn't there? Yes, we have 350 million people, but the quality of our workforce is mentally clocked out. They come in late to work all the time, have high absenteeism, prone to substance abuse, and have criminal backgrounds. This is what we're discovering at this moment. Wages are going up so high for profitable companies in the United States because we simply don't have the talent.
@Jogie100Ай бұрын
And lack of competition. Why put anything into your job when you know you can’t be replaced. It’s a real problem
@ericreed4535Ай бұрын
Can I assume you haven't lived and worked in other countries? Are you aware of the lie flat and let it rot movements? It's generational and not limited to a single country. The answer is through improved and automated production. Also deregulation and cheaper energy.
@sailirish7Ай бұрын
Maybe if wages haven't been primarily stagnant since the '70s people would be a little more "engaged in the workforce". You create drones, you get drone behavior.
@chrissalley9468Ай бұрын
I agree. Sometimes there is no good outcome and I believe we have reached that point. Our society isn't ready for the change that's coming.
@jeffreyharrison4045Ай бұрын
Always appreciate seeing RayDalio! Thanks!
@niemergjujuanАй бұрын
How do most of you guys still balance life, even with the downturn of the economy and ever increasing life standards
@GerryGiblin-u7b8 күн бұрын
Rays perspective resonates and clarifies what to expect from the new US government.
@IndependentPrettyGirlisАй бұрын
What is this guy even talking about? 😂 He SWEARS the rest of us are dumb and we can't see that the ultimate bottom line & reason behind EVERY decision is the rich making themselves richer. Period.
@nightguy5796Ай бұрын
I see you have not felt the elusive “trickle down.” The trickle up folks never take their rain gear off and they are predicting a unprecedented deluge with these tariffs. Get your wallets out.
@samirkamrouna6149Ай бұрын
That seems like a really simplistic way to view it.
@TheViktorofgileadАй бұрын
Yep, that’s what he meant by “teaching the kids civility”, teaching them to accept a world that contains both billionaires and hungry children and not to step out of line to do anything about it.
@IndependentPrettyGirlisАй бұрын
@@TheViktorofgilead right, exactly! 💯💀
@__WandererАй бұрын
Well Ray was arguing for education and a more equal society. It seems like Tom was the one wanting the capitalist market to stirp everyone of their jobs in the name of efficiency...
@alexismix3155Ай бұрын
Thank you for the date at the beginning!!
@user-hx7il8cl2kАй бұрын
Most charter schools are in low-income urban neighborhoods, aiming to provide alternatives to struggling public schools. However, like public schools, many charter schools need help meeting educational goals. Both types of schools receive government funding, but a significant difference lies in their approach to student retention. Public schools are obligated to serve all students, including those with behavioral issues, special needs, or academic struggles-often labeled as "less desirable students." In contrast, charter schools "encourage" parents to transfer their child if the student does not meet academic or behavioral expectations, subtly shifting responsibility for these challenges back to traditional schools. These transfers are frequently executed mid-fall after the government has allocated funding to charter schools based on enrollment. The funding does not follow the students when they transfer, leaving public schools to educate these students while operating in a financial deficit. This practice highlights the inequities in our education system. Before deciding that charter schools are the solution, we must uncover the truth about their practices. We shouldn't compare apples to oranges, and claim oranges are more nutritious simply because they are citrusy. Let's not forget that both fruits offer unique and valuable health benefits. Education has not been prioritized in our society. Still, it is the bedrock of our future, and addressing systemic issues in all schools is critical to ensuring equitable opportunities for every child.
@ttsang11Ай бұрын
Thank you so much for this interview!
@thomasbetts0124 күн бұрын
With Trump's re-election, both US stocks and Bitcoin are seeing strong gains. I'm eyeing the potential for more market volatility, but Bitcoin's all-time high is interesting. With inflation and interest rates on the rise, I'm wondering if this is a good time to dive deeper into stocks or focus on crypto for diversification. Any thoughts on balancing both?
@ThePatrioticAmerican4L24 күн бұрын
Yes, I agree. Great prospects nonetheless, we should proceed with caution. It's crucial to consult with qualified market strategists for market analysis.
@only1gerard24 күн бұрын
Until their own emotions burn them out, many people minimise the function of counsel. A few summers ago, following a protracted divorce, I needed a boost to keep my firm viable. I looked for licensed advisors and found someone with the highest qualifications. Despite inflation, she has helped me increase my reserve from $275K to $850K.
@ANDYPADOVA24 күн бұрын
Who is this person guiding you and how can i reach he/she?
@only1gerard24 күн бұрын
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Sharon Ann Meny" I've worked with her for some time and highly recommend her. Check if she meets your criteria.
@ANDYPADOVA24 күн бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@Mzdfy22 күн бұрын
Ray is spot on when it comes to education. As a title 1 teacher for 33 years, we’ve been providing basic human needs for so long, food, clothing, counseling, but very little in educational discipline. I tell my students, as a person who also attended title 1 schools, that only 1% of us make it out of this socioeconomic status. I tell them that we can only leverage our education as a means to get out of poverty. Very few students take it to heart and do the hard work to make it happen. So, I can see where this new presidential cabinet is not putting a lot of emphasis on the importance of education, but it will be our ultimate downfall when we have not been able to keep up with the global value of education.
@josvandervlis652Ай бұрын
The same old song "what to do with useless people" (deplorables)
@emilymiller1792Ай бұрын
"Free up human capital" Good grief. We might as well be cattle. A commodity.
@michelestidhamwhitmore8313Ай бұрын
When have we never been thought of as cattle?
@emilymiller1792Ай бұрын
@michelestidhamwhitmore8313 I am the daughter of farmers. There is a measure of independence with that.
@szee8588Ай бұрын
That's what Jews call non-Jews... Stupid cattle... goy, goyim ( plural). Ask Jews what got means and see how the try to explain their way out of it.
@johnnywlittleАй бұрын
I always enjoy Ray, but this was my favorite interview today. He’s talking about real life situations that are facing us in the very short term future. And these are the challenges The new administration will be forced to deal with in conjunction with we the people.
@lauragraves2948Ай бұрын
I love how intelligent Ray Dalio is. Great interview!! It’s so true, we can be so ignorant to the advantages we were given in life. I grew up being one of the wealthiest in a poor neighborhood. We had a real house and not a trailer, I also had a mother who constantly believed in me and encouraged me. Statistics show it can be just one person that makes all the difference. Just going to college exposed me to people with more mature thinking and better concepts which gave me access to more money in life, better jobs. The highest paying jobs I got were by referral, then I could afford therapy which helped me to get my emotional health in order and I stopped emotional spending and habits that were preventing me from doing better at work to grow my financial health. My kids now have access to SO much more than I ever had access to.
@BlowUrMindOpenАй бұрын
Enjoyed this discussion. A lot of comments whine about different comments, but I believe both Tom and Ray were expressing how to deal with the current environment. They weren't necessarily for or against different government initiatives, just an honest conversation on how those things might impact society and if there were any thoughts on how to address the fallout. I especially felt the conversation on education was valid although a lot of a persons ethics and basic values start from home. It's really difficult to saddle that problem on the education system, although in situations where the environment is not good at home, it would be extremely beneficial. Education clearly needs way better funding to provide the most basic needs (including more teachers or smaller classes), as Ray commented, but it is critical that they find ways to toss teachers not working for the benefit of the children - ultimately for society.
@zionen01Ай бұрын
We've been fooled. Democratic nations were never going to fall to established dictatorships due to the inherit limitations of such systems, the downfall of democracies comes from within, and it is happening. World is in recession while USA is boasting the best economy worldwide and we can do nothing but complain and demand change. Sometimes boring politicians are what we need.
@RavusNox-z5iАй бұрын
USA has a good economy if you look at GDP only but this is misleading. Millions live in semi poverty.
@zwatwashdc18 күн бұрын
So boring they literally fall asleep at international conferences or look around for direction mouth gaping, shuffling off to nowhere? 😂😂😂
@MereMortalsBookReviewsАй бұрын
Having had Ray quite a few times, it never dissapoints. Thanks Tom, dissapointed to have seen some of your content become so political at times but this was a good ratio.
@danclark8143Ай бұрын
Dates!!!! He finally put a date in the video!!
@DrewDynamite04Ай бұрын
We listen to you guys!
@Archie46023 күн бұрын
Always enjoy listening to Ray. I normally don't listen to this show the host is so short sighted.
@rtishcreationsАй бұрын
A very insightful and compelling conversation, one of the best I've heard yet. Especially, his thoughts on education and your follow-up were spot on, and that was really cool for me. I enjoyed this, and will share it with my platform.
@themeach011Ай бұрын
The education system has been highjacked by hard core lefties. I used to love listening to some podcasts from some university professors but they all started spewing political hyperbole that they are most certainly pushing in their classes. Saying things to kids like if trump wins the US will never have another election again is inexcusable. Theyre there to teach math and physics not politics. They've got all these college kids marching and they don't even understand what for. Like gays marching for Palestine. Its just crazy.
@DrewDynamite04Ай бұрын
Thank you!
@terrywatson4473Ай бұрын
Understanding raw information might be challenging, yet it's essential for our survival.
@kmprewlofcrku6164Ай бұрын
In one interview ohh about 8 years ago Mr D said something so profound that a day doesnt go by that I dont remember it with sadness, because hes right. Here it is: The young will steal everything from the old. There isnt any other way for them to make it
@bigcauc7530Ай бұрын
And the old created the circumstances for this to be the case, so it's not our fault.
@gardenmamacitaАй бұрын
Man, I see both sides. What a predicament. Don’t forget who has forced us into this “us” vs. “them” thinking: The Fed. We are seeing not only young v. Old but man v woman; left v right. Citizens MUST keep talking in a respectful manner. We’ll solve the problems, I have hope.
@christopherwelsh2025Ай бұрын
Ray Dalio is basically my new grandpa. National treasure of knowledge
@salted_lizardАй бұрын
The way Ray talks about people like assets to be herded, managed and expended is just one of the many reasons I have for not participating in this upcoming war.
@enriquevl640423 күн бұрын
What a great interview. The best I've seen since Trump's victory. Congrats.
@ttcc5273Ай бұрын
Fluffy soft sunny happy Socialism for the wealthy and connected... ...cold hard Darwinian survival and brutal artificial social hierarchies for the rest of us.
@Poppya2024Ай бұрын
Really...do some research before making flippant comments with no basis.
@leoskiii5860Ай бұрын
Thank you for the date
@karlis6235Ай бұрын
I think the burden from tariffs will increase cost of living and inflation. A lot of people will be left in the cold. Unless the tariffs revenue is used to reduce income tax to sort of offset it. Tom was trying to point the guest in that direction but there was a big disconnect of ideas..
@themeach011Ай бұрын
The problem is people are used to the US being on the losing end of these trade deals. The US is tarriffed at unequal levels. Makes no sense for other countries to be making money off putting tarrifs on us things and the us not equalizing that. Why is ok for these trade deals to be lopsided with the us on the wrong side of the equation. I think he just wants to balance the scales. The other option is for the other countries to remove their tarrifs but they won't because it benefits them. So how can it benefit them to have a tarrif but it doesn't benefit the us to have them
@henrytep8884Ай бұрын
But it’s Ray Dalio…. There’s not much that Tom is going to say about economics or finance that Ray will have a superior knowledge of
@robwatson3600Ай бұрын
@@karlis6235 poor people don't pay income taxes, but they do buy things. So higher prices it is. As always the rich will win the poor will lose.
@ryanviningtubeАй бұрын
Thanks for adding the date!
@juicebox86Ай бұрын
Ray, get that cliff-hanging booger!
@organizer1423 күн бұрын
Great insights!
@Sandipbasu-i8nАй бұрын
Ray has the great advantage of not being his lifestyle impacted by inflation, he can wait out tremendous inflation and unemployment waiting for American industry and economy to be self sufficient, while the other 90% of the population suffer from being able to pay for food and rent and goods and services to survive. This will lead to more strife and income disparity and eventually lead war on the streets.
@jordanschultz2232Ай бұрын
Toms viewers are very well informed and smart
@jasminevalentine1919Ай бұрын
Tom is unqualified to have this conversation
@ItsTanishaMercedesАй бұрын
Ray Dalio is simply amazing
@AS-tn6evАй бұрын
Gosh -it’s been awhile since i’ve heard someone identify ‘education” (civility, self-efficacy, resilience) as something worth tending (if not a priority). It reminded me of my foundational belief that no policy-however rational- can transform a society of conditioned, spiteful bigots. Dalio is right. Civility is the cornerstone.
@UniverseSpeckАй бұрын
Faith, culture, and God are the cornerstones. People are just afraid to say it anymore. With the birth of the internet, religion has been decimated and with it, our societal character. “School” can help, but it starts at home with a good family and a good community, like a church. Watch Yuri Bezmenovs lecture on how to destroy a country and see if you find any parallels.
@maxslomoffАй бұрын
I’m glad Ray Dailo is on the case for better education- this is the foundational issue
@BarneyBrimloweАй бұрын
if you haven't been paying attention to our economy, the downturn is 2yrs behind us.
@Joe-ti7qdАй бұрын
Consequences ahead for all of the papering over it.
@johnnyretires23 күн бұрын
What you are describing has never before been done at this scale and level of complexity. I expect to see chaos, injustice, corruption, scandal, violence, crime, inequality and possibly societal failure.
@lougiamАй бұрын
So how does the elimination of the Dept of Education support the goal of ensuring our population is well educated?
@LynnS-gd8wqАй бұрын
How has it helped?
@jasonolinger7585Ай бұрын
The department of education is corrupted and very inefficient.
@CorazonDeCristoCanoАй бұрын
Other way around. If you want the department, if you want to take people's tax dollars, if you want to take productive people's earnings away from them, then you prove why it's needed and prove that it has produced results since it was created. The only answer the people have been getting for the past half century since the DoE was created is condescension and disdain from elitist types at the mere suggestion of accountability.
@quietus13Ай бұрын
Since the creation of the department of education, the money spent to educate each child has skyrocketed while education outcomes have declined. It's clearly not working
@wpelfetaАй бұрын
I usually take macroeconomic forecasts with a grain of salt. It's usual crystal ball tea leaf reading. But I make an exception for Ray Dalio.
@SquiddsterАй бұрын
Ray keeps talking about how we raise our children. He is right but that can only pay dividends 18 years down the road at best. Let’s not forget that we just had an election in which the big ticket item was, don’t tell me what to do or how to do it. FREEDOM!
@jasminevalentine1919Ай бұрын
Only people with working brains can see this! Yes yes yes
@rodiculous9464Ай бұрын
Seems to me the election was "unless you're a straight white Christian your existence offends me and I'll sic the govt after you"
@JakethebeardАй бұрын
I think maybe it's time to stop interviewing ray...
@raniavassiliou9909Ай бұрын
The patience of Ray Dahlio in explaining… reality, to Tom Bilieu.. Monumental!
@essm4179Ай бұрын
RULES BASED ORDER - meant "American" Rules which was spreading of "Liberalism and forcing countries to become American Vassal states". Lets be honest.
@LisaJung-x8eАй бұрын
Thank you so much for this amazing video! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
@scientificapproach6578Ай бұрын
The quality of education and the amount of money spent on education is inversely correlated. The states that spend the most money have the lowest quality of education, the states that spend the lease have the best results. Here is why I think this is, states like Utah spend less than $11k per year for each student, not because we are poor but because we have a culture of making smart decisions, supporting children, and because of this spending more than $11k per year is not necessary. This culture also results in a culture of getting married before we have kids and supporting our kids in learning. On top of this, many students graduate from High School with an associates degree, so when they go to college they only need to study for 2 years to earn their bachelors degree, saving students 10s of thousands of dollars, and when they go they go to the local University, they receive a high quality education that many can afford without taking out student loans.
@DrewDynamite04Ай бұрын
VERY BIAS. No shade to Utah, but less money in education isn't the solve. However neither is throwing more money at it. The real problem is a culture problem. School isn't about making the best and brightest it's an assembly to college or jail. we need to go back to citizen education, trades, civics, home ec, wood working and make useful kids again.
@scientificapproach6578Ай бұрын
@@DrewDynamite04 I didn't say less money in education is the solve. The solve comes from the culture.
@dr9299Ай бұрын
You don’t send ducks to eagle schools. Inner cities need to stop overbreeding.
@captain_crunkАй бұрын
There is far less diversity in Utah than in other states. If Utah had more diversity, the results would be very different. Correlation does not mean causation....
@phylton333Ай бұрын
Insightful! Thank you.
@Sandwichking-hikesАй бұрын
Long term there will likely be a sovereign debt crisis in USA. The good news we hopefully have several years to prepare for it. I’m growing every kind of fruit and nut tree I can along with gardening. Takes years to grow and get it right, start now
@Joe-ti7qdАй бұрын
I'll just take over yours thanks for your hard work.
@Callitout-kl1uqАй бұрын
@@Joe-ti7qdand you will kill all of it in a year due to ignorance.
@chrissalley9468Ай бұрын
That debt crisis is pretty much here now. Literally any day we could wake up to a new world
@quietus13Ай бұрын
@@Joe-ti7qd😂😂 Yeah I hope the OP has been investing in lead as much as his garden
@walkonearthofficialАй бұрын
The recording date is very appreciated. Re subscribed.