Good afternoon. Off topic. I recently purchased a book by Ray Dalio. I am still in the process of reading it, but w I am being led to new discoveries as I face life and investments! As for me, I'm halfway through reading it. I think I will be able to read it completely soon. The book is called Principles. After reading this book, I plan to buy another one of your books 😂. I'm looking forward to it.
4:07 A Challenge to The Great World Order, 4:24 5 War Types 1. Trade 2. Technology 3. Influence 4. Capital 5. Military Globalization diminishes, Nationalism stands
I watched the video when it just came out. Very well done Ray 👍. I've also been trying to make videos on my channel to help people understand what's going on in our economy with housing, inflation, budgeting, stocks, savings, and everything personal finance 💰. We all need help in these weird times. However, one thing not too do is worry because that's not good and doesn't solve anything.✔️
So interesting seeing Ray Dalio betting on emerging markets and Warren Buffett on the US economy. Who do you think will have the upper hand in the long-run? I am roughly investing 70% in developed countries and 30% in EM.
Also the relevance of the Belt and Road Initiative or New Silk Road trading region should be taken into account. Although we may not be allowed to participate in that emerging market.
@@rishabhjain7543 That's got to be India and the African continent, I guess. I personally think there are more reasons besides the pure population growth. I think it needs to be a mix of size of population and their respective wealth/buying power. Certainly, India and China will be playing a much bigger role in this century.
@@avenue2revenue but make sure don't invest in India. They don't have much purchasing power, their population is not gonna grow as past and India's brain drain is happening very fast now. Their current political structure is the worst. India just has a normally skilled population. Their companies don't have a great future. Better to invest in China.
interestingly, the devaluation of money takes many forms. At the beginning of the decline of the Roman empire, the silver /copper coins had less and less silver and copper in them. At the end of the Song dynasty around 1000 AD, the gov printed so much paper notes that the rate of the decline of such paper notes’ value was to the magnitude of hundreds and thousand of times. These repeated and repeated throughout history.
This is a pen and sword issue as well. The Mongol millitary dominance of the silk road provided the security for money to be valuable as there was secure trade. The fracturing of that security lead to the economic decline of the separate khanates.
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What his story ? Made a lot of $$ with his Chinese business relationships … now he talking about “the rise of China “ … not exactly an objective opinion ?
do you even know what hyperinflation means? at least 50% price increase week over week, 1000% per year, such as Weimar republic 1929 10% CPI is not hyperinflation
BS, cash is the cheapest asset class now, FED now is reducing their balance sheet, when cash is been take back and destroyed, credit will contract at least 10x, interest will rise in cause of lack of cash, as stock and all asset class will fall like rock ( those borrow to buy needs to return their borrowing as interest rate up ). Cash is the KING, and Ray want to sell his stock to you at high price and keep cash in his pocket with his lies.
Here's a play, NCLH stock, Disney vacations being canceled due to whole family's not being allowed into the parks that didn't have previous reservations for the parks even if already at resorts. They're all going on cruises now! Loadup! This will go on for all this and next year and will boost the stock to pre covid levels when the sky stops falling.
The middle east and emerging markets are doing a LOT of stuff no one is talking about. China's belt road initiative, Saudi's talking about allowing oil to be un-pegged from the dollar to name two huge ones. Turkey is also a silent growing force that I think no one except very religious people are paying attention to.
This is so basic yet so easily lost among all of the information we're inundated with. I like when Ray said that nations are going through a paradigm shift that causes them to want to be more nationalistic/self sufficient and naturally creating inefficiencies. This is because you are throwing comparative advantage out the window. You do the thing for yourself that someone else could do more efficiently/cheaper than you could. This inefficiency naturally results in higher prices. This is the trade off for disconnecting from globalization. It is a changing world order indeed.
Looks like we need cheap Chinese goods more than ever. Inflation is here to stay. When we can't borrow trillions anymore lots of people are going to be unemployed.
Just because you write a book, doesn't mean you are right. One simple question you have to ask yourself, will the United States export more oil and gas and wheat than ever before? Who cares if Russia floats oil over to China and India. The dollar isn't going to drop because we are going to export to the rest of the world (at the highest prices ever paid). The US will make so much money now that these sanctions have eliminated their biggest supplier to the EU.
@@HughJass-jv2lt why would you say that? The US is already ramping up LNG shipments carried by seagoing tankers by 15 billion cubic meters this year. We are going to do the same with oil, wheat, corn, etc. And what currency is everybody going to pay top dollars in??? 💵 💵 💵
@@karmadrone6647 if the world drops Paper money and use crypto instead or gold for trade then what is the value of the USD then.. not all products are available in the US btw and the world is now changing and divided
He is a successful investor, but he is not an economist, teacher, academician, theoretician or -more importantly- a philosopher and cannot communicate theoretically. He just repeats some words, very general terms and, assumes that he discovered the underlying dynamics of the economy and economical systems. In other words, he wants to convince us that those concepts that he says (e.g. productivity, market, politics, wealth gaps and so many other -just- words), occur and being shaped into phenomena based on the rules that he discovered, and mechanically result in some other phenomena like fall of an empire or something like that. In reality, explaining such multidimensional phenomena and their results are much more complicated; but disregarding the details, this needs some philosophical and theoretical frameworks, or, at least, should be shown in very complex computer simulation if at first can be modeled. You cannot explain these things simply by uttering some words and pretend you have discovered the underlying rules and dynamics of economy along with its related aspects in different fields. Things (basic well-known facts, his feelings, techniques and tricks) he says about investment and market are very real. But the theory part that supposed to predict the fate of human culture and civilization is very shallow. Showing patterns is a small part of such expected theoretical work and it is not equal to discovering the underlying rules and dynamics. The fact that he could find this number of people as audience shows what a shallow economical culture exists. Most of these concepts and pattern have been many times discussed before. What he basically says is that he thinks, based on his experience, the current world economical system will have some serious difficulties (that very well may be turned to be true) and then adds on some pseudo-science in terms of a little bit history to make it something classy and scientific.
