#RayDalio #influencers #USChina #billionaire
On this episode of Influencers, Andy sits down with investor and entrepreneur Ray Dalio to debate his new e book on “Why Nations Succeed and Fail”.
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Dalio: Managing 200 billion $ and wrote a 500 pages book
Me: WFH and can't write a Christmas Card
false equivalency – – – poor guy … poor Ray … he does not even know what you are talking about – – overthrow the democracy vs raise taxes of corp america…. yikes….
Sound quality of the inside of a coke can
"the bottom 60% isn't feeling prosperity". More like bottom 90%
I don't think the decline of the US is inevitable but Ray Dalio makes an important point, it is the metrics stupid! 1- The balance sheet has been deteriorating since the early 00's. The US, since GW Bush took office, has spent over $10 trillion on pointless wars, and to offset the negative impact of those wars on the economy Greenspan inflated a Real Estate bubble that led to the great financial crisis, the FED then went on to blow another asset bubble in the stock market that produced huge inequality, creating windfalls that benefited mostly those who get paid in tech stock options, etc. It is not a coincidence that the Jeff Bezos, Bill Gates and now Elon Musk are among the richest people in the world… the FED is pumping up their wealth. 2- US has one of the worst education systems among OECD countries (except for prep schools and ivy league universities that are accessible only to modern Aristocracy). Middle class American students who are lucky to have access usually end up with a substantial debt load. 3- US health care system is one of the most expensive (and fraudulent) in the world, creating a burden to US based businesses as well as citizens, making US businesses less competitive with other regions. 4- US infrastructure has fallen way behind Europe, Japan and China because of lack of investment. 5- Investment in Research and Development by US Government has also fallen behind…. These are the metrics that Ray Dalio is talking about… and he is right. Can we do something about it in Washington? Many years ago we had the "Occupy Wall St." movement in NYC… I think they got the wrong address. Americans have to "OCCUPY K STREET"! The SEC was created to implement a "truth in securities" act to protect investors. We should now create a "truth in lobbying" act. American need to understand why Congress has become derelict in its duty to the American people. Lobbying firms should make public all the engagements they accept, the purpose, fees, target lawmakers and interested parties funding the project….
Don’t forget China has “invested “ billions with Dalio. So how has that effected him.
Whew. Ivory towers can't help a man much with knowledge of politics.
Appreciate Ray Dalio's perspective. He lets the numbers and facts speak for themselves and trusts you to come to your own conclusions.
Satans four hidden dynasties : Political where our leaders act like little children, Financial our commerce, education and last but not least religion.
The thing to come is One Worldism
China hardly ever criticize the US, and the so-called democracy that the US preaches all over the world – waging war and spending money that it should be using to fix its subway systems, just as an example. The reverses is not true. China does not pick fights with the US. The reverse is true because the uS does not know who’s to deal with a system that has done so well, and is not a so-called US democracy. China uses its money to better its normal citizens’ life. The US is a Wall Street controlled state and a media controlled state that wastes its resources playing big brother (only when it suits US interests BTW) all over the world, and in the meantime messes up the lives of 60% of its population.
He doesn't want to acknowledge human rights issues about China because they are all lies. He just doesn't need more stupid problems. Every billionaire knows that.
I predict no war with China for two reasons. 1. technically the US cannot win. China has short medium long range high tech missiles covering every inch of water and bases. They can sink a fleet or evaporate a base in an hour. Weapons sales are just too profitable for some. 2. China is making money for the majority of countries and major businesses in the world, those in the US who are in the war business will make a lot of enemies. They have much to lose and little to gain. When a mafia boss slips, every one wants him dead.
At 28'50'' the host asked the question: how can U.S avoid the cycle of civilization…it simply shows an underlying sense of superiority, or ignorant to history. If you deem the human civilization as a linear process, and still think the U.S system represents the climax and the end of human civilization, then I think you can never accept the cyclical perspective, and so you would not be able to ask the right question to get to the true problem, and you will always find it hard to reconcile with reality.
He shares a lot. But keeps a tight lip on the corruption that occurs behind the scenes. It's not just printing of money… but those that control the printers are enriching themselves. Look at how much the Federal Reserve have enriched the bankers during this pandemic. Record profits at JP Morgan, etc. And the world is onto the Quantitative Easing scheme and want out of the dollar. And the left right conflict is manufactured and he knows it. Basically the thieves are thieving and giving us scraps. But all of that money is dirty money. The only people that don't know are us that are getting the scraps. The cronies know. World countries know. The average guy doesn't even know what Quantitative Easing and Reverse Repo operations mean.
He's humble because he is a worker and is also confident in his intrinsic self-worth. In other words, Ray is the same regardless of whether he has billions or pennies in his bank account because his worth is not tied to the monetary value of his bank account.
Serwer is a poster child for a fake journalist
2022 is the year. The year of the SHIMETHA and the greatest bubble in US history… the last was in 2015 following the one in 2008… The bubble is prepared… printing money, unrealistic markets, debt they can't pay back, high inflation and community and political division.. All these line up for civil unrest and empire collaspe
Always a pleasure listening to Dalio. Very fair and unbiased in regards to American politics even though he is a big money institutional guy in the spotlight. That cannot be said for most of them. Most have an agenda, follow the status quo and outright lie
His China investments are going to eventually burn him and his investors.
so, what this guy is saying, that americans will sell their mothers for a dollar bill?
I thought Ray Dalio could give better answer on the human right issue. The issue is America's trump all card when playing against China. It has no regard to personal security, economic well-being and many other bread and butter issue. Needless to say that in a time of war, the human right is no more valuable than a bomb or even a bullet.
Ray was great, interviewer is one of the worst I’ve ever seen, absolutely horrible. I’ll definitely never watch anything with that clown again
The question he asked about investing in China does raise an interesting point. When does a country's actions or policies cross a line such that you can't in good conscience invest there? Maybe it's something everyone has to answer according to their own moral compass.
The Billionaire warns the little people the wealth divide could lead to civil war. No one asks the Billionaire why he doesn't solve this problem he caused. The Billionaire sees hell coming; he even knows the role he played in the coming hell, but somehow has no moral abilities. Instead he sells the little people his book telling them their lives will get worst. The little people are in awe of the Billionaire.
This guy is a real 'influencer'.
Westerners don’t know China was the number 1 power of planet earth before the industrial revolution because the Chinese didn’t go out colonizing and enslaving. It did business with Europe and Africa.
Human rights issues?
Give me a break.
It’s not “both sides don’t know each other well”.
We Chinese know and understand perfectly how the west thinks. And we do not agree with you. And you need to get used to that because China is not the Middle East. China can punch back if invaded. Hard.
INVESTING IN CRYPTO NOW IS VERY COOL EXPECIALLY WITH THE CURRENT RISE IN THE MARKET NOW.
Ray Dalio is a greedy money manager who profits off of slave labor in China. He is complicit in one of the world's worst genocides and history will remember him for that.
Dalio is scaring the hell out me.
This guy is Billionaires and still want to make more.. Just give your book to the poor this way you can leave a legacy when you past
Who's name is on the note? George Washington. Give him his money back! He has his name written on it!
Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategies
Dalio is a guy with an IQ of 180 that thinks he has an IQ of 220. He's made so many predictions with associated probabilities that it's borderline funny.
the fight was started by civil rights movement that harnessed into a racial war. ppl like Luis Farrakan is no different than Colin Kapernick or LeBron. Soon they will control the military and a racial war will break out, and non-Blacks will all have to pay a tax.
My mum and I consistently earn massively on our investment. Courtsey to Mrs Nicole Brusher, her set skills are amazing.
I like it that you challenged him. Please do it more.
Let’s go Brandon 🤡👎🏼
Excellent interview ! My question is how does demographics affect China given that the population is aging more rapidly than the US and the decreasing population in China due to their former child number policy How will this influence future productivity in China Thank you
For the naïve there is something miraculous in the issuance of fiat money. A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get. How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department.”
So… we need to arm up and pick a side.
The secret formula is not hard people! Invest consistently in to great ETFs with low fees and stop buying the hype surrounding individual stocks. Long term if you want to build real wealth, it is boring but it works. That's how I earned 6 figures in 2021 passively purely from index funds. Good luck guys!
Anybody feel like Dalio kind of called out the interviewer who wanted to make this a polarized political interview, by comparing Warren and Trump? Dalio responded with saying the media is not interested in facts but pandering to those who want to win a fight.
The stock market has been a really tough one this past months, but I watched an interview on CNBC where the anchor kept mentioning "…MARISSA SAPONARE…". This prompted me to get in touch with her, and from October 2021 till now we have been working together, and I can now boast of $540k in my trading portfolio.
You make such a great point- Dahlio is indeed drawing a false equivalency. The Trumpers are insane and do not see the other side.
The biggest war we face, is the one with ourselves(US)-Ray Dalio
If we continue the infighting over so many non productive issues, No country will need to take us out. We'll do it for them.
Dalio, Dalio, Dalio it is USA and UK who always talk about war. Dalio don't talk about war anymore if you want to keep USA as a nation. China is not Vietnam or Iraq or Haiti. Remember One man, One weapon and One night and the war is over. Don't talk like imbeciles
Funny Question, Do you believe in peace so long as your house is well off and in order? or Do you believe in opportunity for all without authorities having liberties to cast rules at whim that have consequential loss for families trying to earn, and families trying to prosper ??? Peace at obedience is not peace. History is littered with Interest Groups trying to Control Others…..When will it end for the good. The U.S. Constitution Has it Correct. Currently, The U.S. Constitution is not being allowed to function, to Control Government.
What a trash journalist. He keeps derailing the discussion by getting on his soap box.