Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis

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  • เผยแพร่เมื่อ 15 ม.ค. 2025

ความคิดเห็น • 148

  • @Greggsberdard
    @Greggsberdard 11 หลายเดือนก่อน +116

    Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

    • @VictorBiggerstaff
      @VictorBiggerstaff 11 หลายเดือนก่อน

      It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.

    • @crystalcassandra5597
      @crystalcassandra5597 11 หลายเดือนก่อน

      wow that’s stirring! Do you mind connecting me to your advisor please.

    • @crystalcassandra5597
      @crystalcassandra5597 11 หลายเดือนก่อน

      Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

  • @ptupy
    @ptupy ปีที่แล้ว +55

    Most of the domestic social and economic pathologies we are seeing now (financial crises, racial tensions, social and political unrest, etc.) are symptoms of US relative power decline and overextension. What Dalio is describing in simple terms is the beginning of a classic power transition period, whereby the dominant state tries to reverse its fortunes by overspending, running high deficits and inflation, and increasing its military commitments. For those interested, chapter 5 of Robert Gilpin’s War and Change in World Politics could be eye-opening. It came out in the early 1980s, but reads as something written today.

    • @excellentsmithers6417
      @excellentsmithers6417 ปีที่แล้ว +9

      ​@@goodguy9787yea... We'll just be broke.

    • @mrpoopoo888
      @mrpoopoo888 ปีที่แล้ว +10

      ​@@goodguy9787 British, Dutch and Roman empires all thought the same.

    • @nossjsx3
      @nossjsx3 ปีที่แล้ว

      thanks for your info man! Also anyone interested read John Glubb Fate of Empires, where he also describes in different terms the stages of economic super powers and their eventual declines.

    • @crescentprincekronos2518
      @crescentprincekronos2518 ปีที่แล้ว +4

      ​@@goodguy9787Britain still exists too but are dependent on the us empire which we inherited most of from.......you guested it, Britain.

    • @Guypt25
      @Guypt25 ปีที่แล้ว

      ⁠​⁠​⁠​⁠@@goodguy9787ce defenses ?? 😆 how a broken country would pay for that ?? Lol your mindset is so settled in the past that doesn’t even process. I’ll tell you where the US will go…to HxxL I’ll give you this - food for thought: The US will make a come back 10 years later and a gigantic third world country with nukes will emerge. It’ll be a bunch of local farms and nukes. Gangs, dumpy roads, dumpy everything; life will be extremely difficult for those 10 years. Extremely. It’ll take decades to re-industrialize the Nation, especially if the woke lgbt and other freaks remain controlling business government and all the rest. A new currency will be in place if some states won’t have seceded. One ain’t need to be a genious to figure that the States will be hostile and a challenge to life. All sins of the past will be paid.

  • @swedesam
    @swedesam ปีที่แล้ว +19

    In other words, we are collectively screwed.

    • @klam77
      @klam77 ปีที่แล้ว

      unless Gitmo Ron DeSanctis waterboards the nation.

    • @masculineleadership
      @masculineleadership ปีที่แล้ว +1

      😂😂😂

    • @SandwichKing-lj4ej
      @SandwichKing-lj4ej 10 หลายเดือนก่อน

      Precisely, chaos followed by authoritarian.

    • @hunglukenguyen
      @hunglukenguyen 3 หลายเดือนก่อน

      this can only be solved in 20 years, cut down spending and try to improve productivity, cut some benefits, force everybody old or young to work as much as possible

  • @jerrylopes6744
    @jerrylopes6744 ปีที่แล้ว +7

    When legends speaks, you listen 😎

  • @alanmrsic893
    @alanmrsic893 ปีที่แล้ว +10

    Great teacher Ray Dalio!

  • @richarderwin2369
    @richarderwin2369 ปีที่แล้ว +3

    Ray Dalio is spot on.

  • @financialintelligencecreations
    @financialintelligencecreations ปีที่แล้ว +4

    Things are about to get very interesting… good luck to everyone in the coming months and years

  • @torontoguy9973
    @torontoguy9973 ปีที่แล้ว +4

    How did the US sell bonds between 1945 and 1981 when interest rates went from roughly 2% to almost 16%? Wouldn't they have had the same issue? That's over almost 40 years of constant increases (with small period of decreases).

  • @Shifter85
    @Shifter85 ปีที่แล้ว +9

    My friend labels this as, “Asking someone what time it is, and they build you a clock, but never tell you the time”. Dammit! 😜

    • @christopherm3271
      @christopherm3271 ปีที่แล้ว

      Does anybody really know what time it is?

    • @Shifter85
      @Shifter85 ปีที่แล้ว

      @@christopherm3271 Yes, within a minute or two.🥴It’s 7:42pm CST as of this writing.

  • @danieltan9034
    @danieltan9034 ปีที่แล้ว +4

    Bank of Japan is the role model. Endless QE and self monetization.

    • @vjbhatia77
      @vjbhatia77 11 หลายเดือนก่อน

      Japan actually has a productive workforce and is a very tiny country compared to the United States. They also don’t have humongous welfare state that we do and do not allow immigrants to come in willy-nilly that eat up resources.

    • @hunglukenguyen
      @hunglukenguyen 3 หลายเดือนก่อน

      and that was not good, the aggregate GDP and productive in Japan might improve a bit but suicide rate is high! Just like "water rising" debt will kill off who cannot swim (no good job, no good skill)

  • @Muller_Andr
    @Muller_Andr ปีที่แล้ว +19

    I read about a certain Schommer, U.S Army. the likes of Josh Scandal. He got a Bronze Star Medal for exceptionally distinguished service during Operation Iraqi Freedom. His Iraq experience helps him now in dealing with the grind of daily volatility in tough stock markets - and those big gulp moments.

    • @AnkurYo
      @AnkurYo ปีที่แล้ว +1

      That is a very interesting concept for a vet but it comes with great risk.

    • @Jennapeters144
      @Jennapeters144 ปีที่แล้ว

      He said he is an observer of people being uncomfortable and that encourages me make hard decisions

    • @simone_maya
      @simone_maya ปีที่แล้ว +1

      I do same thing with a licensed fiduciary I vetted and hired. My MO: 1. Invest in misunderstood business models, 2. Invest in undervalued assets 3. Invest in underappreciated growth.
      These are all explored under Loren’s business model.

    • @xavier_lucas
      @xavier_lucas ปีที่แล้ว

      @@simone_maya I would love to approach the market in such an unconventional manner but how does the reward outweigh the risk, I say you might get lucky on just one of the methods.

    • @simone_maya
      @simone_maya ปีที่แล้ว +1

      I turned over $1m in the past 4 years despite the rough turns, guess how much capital was invested? 150k or less. I am fortunate to work with Loren as I was part of the Gamestop Saga under her guidance.

  • @AllThingsFunny77
    @AllThingsFunny77 ปีที่แล้ว +3

    There can never be demand for all those treasuries. The fed has always bought them

  • @mikehilkins1847
    @mikehilkins1847 ปีที่แล้ว +6

    We need midle America. Best solution. Too much fighting is not good.

    • @RobertaPaes-mh1sq
      @RobertaPaes-mh1sq ปีที่แล้ว

      Definitely 👍🏼

    • @Dk-bp1ll
      @Dk-bp1ll 5 หลายเดือนก่อน

      ​@@mikehilkins1847 ones who call themselves in the middle are actually the left.

  • @DxWangZ
    @DxWangZ ปีที่แล้ว +8

    Let me translate his speech into English:
    1. According to his own book, Big Debt Crisis, Part 1, page 18, the beginning of the late cycle seems to be the end of "beautiful deleveraging", where equity low is already behind.
    2. He wants you to worry that China no longer purchases the US Treasury. I think he is right because China will be no longer able to. But, whoever exports goods to the US in future will gradually take the replacement. So no worries about it.

    • @serafinacosta7118
      @serafinacosta7118 ปีที่แล้ว

      And who would that be ?

    • @cinpeace353
      @cinpeace353 ปีที่แล้ว

      China is rather spending in BRI than buying bonds that may not be pay off in the future. Whoever export to US? Other than China, lot of them are Chinese companies manufacturing overseas, that means still China. 😅

  • @marcocarlson1693
    @marcocarlson1693 ปีที่แล้ว +4

    Don' t agree with him on certain things, but in this interview he said the truth, in my opinion. So, the key according to him, is that with the political situation in the U.S. we need a new middle consensus Party or at least total bipartisanship, That Is Sustainable, to tackle America's current 'catastrophic' problems and situation. 'Catastrophic' being my word, not his, as I doubt he'd say this. Therefore, not govern America by as he said the extremes. He must think this would buy America some time, and possibly so. Question: Is there anyone who understands anything about American politics, and what it is now finally, that believes there is a 1% possibility of that Actually materializing and sustaining. I sure don't see how. Therefore.........Well, as with anything, at least we can hope.

  • @johngendron1433
    @johngendron1433 ปีที่แล้ว +2

    When the treasury has to buy the debt, watch out.

  • @shinykathy
    @shinykathy ปีที่แล้ว

    I complete agree!

  • @MarekKolenda-cr8vr
    @MarekKolenda-cr8vr ปีที่แล้ว +2

    Long lines for free food packages in NJ church today

  • @kevh5568
    @kevh5568 ปีที่แล้ว +2

    This guy said cash was trash in 2021. Then the DXY went to a high. Then earlier this year, he said get into cash... the stock market has rallied so much since he said that. I don't think he knows what he is talking about. Maybe he might be right eventually but his advice was wrong for the past 2 years.

    • @jayceh
      @jayceh ปีที่แล้ว +2

      Cash was trash in 2020 during the printing of COVID.
      Gold is up 25% since then, which is his currency, not some alternative fiat.

    • @jason.arthur.taylor
      @jason.arthur.taylor ปีที่แล้ว +1

      Thanks for your comment. Without details it's hard to trust your claims. You cannot just use a year as an entry; 2021? what date? What % did the DYX rise and fall to in the next year?

    • @Rainy_Day12234
      @Rainy_Day12234 ปีที่แล้ว +1

      His statement was referring to not parking your money in short-term interest rate products(cash equivalent assets) because inflation would erode its real value. He was correct. Inflation was higher than the yield of those products at that time. He suggested buying other assets that would appreciate in value as the dollar lost real value. He was right.

    • @hunglukenguyen
      @hunglukenguyen 3 หลายเดือนก่อน

      @@Rainy_Day12234 he is right on the huge debt and that is an issue easily seen but media ignore this DEBT issue, they only give distraction to citizens, no solution!

    • @chrisbrodeur1519
      @chrisbrodeur1519 3 หลายเดือนก่อน

      He's referring to the Big Cycle on a timeline of 100-250 years... The rise and fall of empires were currently on the decline the late part of the cycle... Within the cycle there will be ups and downs on a 7 year credit debt Cycle but the overarching cycle is the demise of the United States as a superpower. As we progress through time things will continue to get worse as our national debt continues to climb eventually we hit a breaking point where the debt is unserviceable and we collapse. You should watch the video principles of a changing world order it's very informative and accurate as he goes over other empires that followed the same path we're on today

  • @samfish6938
    @samfish6938 ปีที่แล้ว +1

    reits are having trouble as their rates go up from 3% to 7% blackrock is not letting investors
    withdraw money other compaines reits are trying to hand buildings to lenders ,lenders dont want buildings

  • @anthonyreguero6573
    @anthonyreguero6573 ปีที่แล้ว +4

    Who would ever listen to this guy. He’s been screaming crash every quarter for 20 years. He understands problems. But no clue on trading. Cost me allot following him.

    • @MA-gv3wg
      @MA-gv3wg ปีที่แล้ว

      20 years is very short. This guy forecast the decline. Unimaginable greed will implode America.

    • @anthonyreguero6573
      @anthonyreguero6573 ปีที่แล้ว

      @@MA-gv3wg all one has to do is read the Bible to know the end. I’m talking about making money in the mean time

    • @chrisbrodeur1519
      @chrisbrodeur1519 3 หลายเดือนก่อน

      He's referring to the Big Cycle which usually takes 100-250 years to unfold and has happened countless times in history we're at the beginning of the end currently unless we drastically alter the way our country handles ourselves Everytime you print money you artificially prop up the stock market this and the rich get richer this will keep happening until disparities become so great and the debt becomes so great that it hits a breaking point and then everything deflates and we enter a period of sharp decline and collapse and then a new world order begins when another country pushes us to the side and takes over the world stage. You should watch the video principles of a changing world order. It covers it all.

  • @richardc861
    @richardc861 ปีที่แล้ว +3

    ‘Let’s look at the mechanics of this’…….

  • @headspaceandtiming2114
    @headspaceandtiming2114 ปีที่แล้ว +11

    “Financial Not Good Situation”. Geez, trying not to say we are in a bad financial situation?

  • @michaelboguski4743
    @michaelboguski4743 ปีที่แล้ว +2

    The Sovereign developing the most advanced technological weapons to defend against Nuclear War always gets the Buyers of their Debt....
    You're placing your Bet on the Best Hand in the Poker Game.

    • @crescentprincekronos2518
      @crescentprincekronos2518 ปีที่แล้ว

      This is a great example of psychological reasoning of why countries choose the next superpower.

  • @elliotsilverstone8808
    @elliotsilverstone8808 ปีที่แล้ว +1

    Sounds a bit like Within the Context of No Context.

  • @MegaPapa8888
    @MegaPapa8888 ปีที่แล้ว

    sure.🙂

  • @tedstriker6743
    @tedstriker6743 ปีที่แล้ว +1

    Strong middle less debt

  • @Chris26773
    @Chris26773 ปีที่แล้ว +3

    It's really captivating to see how the stock market and the most recent inflation statistics, together with the instability of the banking sector, correlate. It's interesting to see how retail investors have been drawn to digital currencies as an alternative asset in times when confidence in traditional banking is eroding. In the constantly changing world of finance, the permission-less and autonomous nature of these virtual assets provides a sense of safety and value.

  • @MDYUSUF-h2r
    @MDYUSUF-h2r ปีที่แล้ว

    Thank you! I'm here to help and discuss anything you'd like. What topic would you like toexplore or talk about?

  • @nossjsx3
    @nossjsx3 ปีที่แล้ว

    when he says late big cycle dept crisis is he talking about the beginning of a ressession or a depresssion? are we at the end of the large dept cycle? or is this just another regular recession?

    • @shway1
      @shway1 ปีที่แล้ว

      no, he's talking about his pseudohistorical grand narrative about empires that he pulled out of his behind and used his money to make animated videos about.

  • @francisdelacruz6439
    @francisdelacruz6439 ปีที่แล้ว

    FYI Gov can print money de facto in its currency so it can backstop this fear of debt issue in your currency.

    • @vjbhatia77
      @vjbhatia77 11 หลายเดือนก่อน

      FYI, the government doesn’t print currency the federal reserve does. The government issues debt which the Fed buys in exchange for the money that it created of thin air. How long can the system go when the debt is spiraling out of control?

    • @francisdelacruz6439
      @francisdelacruz6439 11 หลายเดือนก่อน

      @@vjbhatia77 So the Fed is not a government body, I didn’t know that all my PhD Econ professors need to be corrected on that. Interest rates and bond issuances tell you when the market has had enough of debt issuances by the Gov.

  • @masterstacks2030
    @masterstacks2030 ปีที่แล้ว

    opt-out, rules with out rulers. Fixed rules, fixed supply. Bitcoin fixes this.

  • @georgejarocki6111
    @georgejarocki6111 ปีที่แล้ว +3

    Ray dalio…. The bs flows freely.

    • @jamesberry4514
      @jamesberry4514 ปีที่แล้ว

      For a few years it seems like bs, until it is fully validated, ... then it seems inevitable... hindsight is always 20/20

    • @shway1
      @shway1 ปีที่แล้ว

      @@jamesberry4514 until you learn a bit more about economics and maybe watch the money¯o video about him.

  • @DxWangZ
    @DxWangZ ปีที่แล้ว +11

    Is there anybody making any money following his advice?

    • @jayceh
      @jayceh ปีที่แล้ว +3

      Yah, most successful hedge fund of all time

  • @illegalsmirf
    @illegalsmirf ปีที่แล้ว +3

    Buy the dip!

  • @shu-longhe4048
    @shu-longhe4048 11 หลายเดือนก่อน

    Since the debts are borrowed from someones, then there must have more than the debts of wealths. The crisis would be the opportunities for the people who own the debts to buy cheaper from their debts borrowers.

  • @bbsara0146
    @bbsara0146 ปีที่แล้ว

    nobody wants treasuries that pay negative real yields. lets be honest.

  • @WaltersSach
    @WaltersSach ปีที่แล้ว +1

    Ray Dalio is the Lionel Messi in Finance and Global Macro investing

  • @alanmrsic893
    @alanmrsic893 ปีที่แล้ว +1

    The ECB sure will buy US government debt, no problemo :-)

    • @eljefe5858
      @eljefe5858 ปีที่แล้ว

      With what money? They can even have enough to pay their own lololo.

    • @alanmrsic893
      @alanmrsic893 ปีที่แล้ว

      @@eljefe5858 ofcourse they have enough, to infinity and beyond :-)

  • @darkspel
    @darkspel ปีที่แล้ว +1

    You can literally see that he's an expert in finance but he has no idea what he's talking about when it comes to politics. Look at how uncomfortable he gets and how his speech becomes convoluted and awkward

    • @drscopeify
      @drscopeify ปีที่แล้ว +1

      Hes a strange fish

    • @cinpeace353
      @cinpeace353 ปีที่แล้ว

      Talking about politics honestly without talking about things that can't talk about, it is hard for him. Prof. Jeffrey Sachs disappeared from US mainstream because of that.

  • @WordUp2That
    @WordUp2That 11 หลายเดือนก่อน

    " He lost his voice I can't help anymore. "

  • @jason.arthur.taylor
    @jason.arthur.taylor ปีที่แล้ว

    What is this guys actual record on predicting stuff?

    • @Rainy_Day12234
      @Rainy_Day12234 ปีที่แล้ว

      He’s the owner of the world’s largest hedge fund. He has a very good track record.

    • @shway1
      @shway1 ปีที่แล้ว

      @@Rainy_Day12234 at employing people. so zero on macroeconomic policy, geopolitics. something is deeply wrong with a culture that worships billionaires and treats them like they are geniuses at everything.

  • @joem0088
    @joem0088 ปีที่แล้ว +2

    You cannot run an empire on 23 consecutive years of budget deficit, account account and trade deficit. In 2023 interest cost on 32T of debt is 1.2T just for a single year. Britain was forced out of the empire business by persistent deficit and debts and the US is right on that path.

    • @drscopeify
      @drscopeify ปีที่แล้ว +1

      The USA is not an empire, it could have decided to become a real Empire after WW2 but is strongly against American ideas as it fought all of its existence against Empires and was limited in growth and expansions due to those empire the same for China too, both the USA and China were kept on the sidelines for 200 years by powerful empires today both are leading the world and the empires are gone. The USA does manage the world's financial foundation since the end of WW2. Anyway, if the USA pays off all of its debts the world will run out of US Treasuries as they expire and roll off leading to large major global crisis as money will be released with no place to park it. The money would flood in to real estate or stock markets and cause major financial instability and bubbles of value, you can see what has happened inside of China with the housing crisis but it would be much worse In all reality there is no alternative for US treasuries Xi Jinping likes to criticize US Hegemony all the time but also said there is no alternative.

    • @joem0088
      @joem0088 ปีที่แล้ว

      @@drscopeify if you object to "empire" you can replace it with "USA". My propositions is the same. From 1945 to 2000 USA's fiscal deficit was minimal or temporary. To check search 'St Louis Fed US deficit ' to see time series. Starting 2001 it went in to 22 consecutive years of systemtic deficits. Xi may or may not like it, it cannot continue for much longer. PBOC has not been buying Treasuries for almost a year, letting its pile mature. The world is facing systemic change.

  • @bmwlane8834
    @bmwlane8834 ปีที่แล้ว

    So what he's saying is, he don't know! Lol

  • @meh4770
    @meh4770 ปีที่แล้ว +13

    CCP Dalio is neither a historian nor an economist but he seems to have figured out the past, present, and future.

    • @qudizzle1
      @qudizzle1 ปีที่แล้ว +7

      ccp dalio, lol, he bailed out of his Chinese stocks tho

    • @crescentprincekronos2518
      @crescentprincekronos2518 ปีที่แล้ว +2

      This seems personal between you and Dalio. I'd say this mindset is foolish.

  • @yeabsirasefr6209
    @yeabsirasefr6209 ปีที่แล้ว

    How is it an opinion if it's reality???.... oh wait he was the Co-CEO of a hedge fund hahaha.

  • @mysteryguest9555
    @mysteryguest9555 ปีที่แล้ว +5

    I'm buying more Bitcoin. This is getting out of control.

  • @Sepia36912
    @Sepia36912 7 หลายเดือนก่อน

    Five or ten years? Nope. Now

  • @sdtsai3744
    @sdtsai3744 ปีที่แล้ว +1

    You holdings dont match your fortune telling be it us or china

  • @de1738
    @de1738 ปีที่แล้ว

    🤔

  • @user-zf5fg2jl3v12
    @user-zf5fg2jl3v12 ปีที่แล้ว

    He was dead wrong 40 years ago. So why he is right in 2023?

    • @privettoli
      @privettoli ปีที่แล้ว

      Are you referring to something specific?

  • @DjDmt
    @DjDmt ปีที่แล้ว

    Ray the world has been ending for the last 20 years daylio

  • @scottjohnson8193
    @scottjohnson8193 ปีที่แล้ว +2

    Amazing Being able to provide all my needs without the help of the Government is really a dream come through and I'm getting $50,000 returns from my 10k investment, Glory to the everlasting God almighty

  • @leinad5243
    @leinad5243 ปีที่แล้ว +2

    TFBS...

  • @jacksonbi3391
    @jacksonbi3391 11 หลายเดือนก่อน

    He said a lot, but seems didn’t say anything at all. 😂

  • @murraypassarieu9115
    @murraypassarieu9115 ปีที่แล้ว +3

    This guy is a broken record

  • @30H3Sunrise
    @30H3Sunrise ปีที่แล้ว +2

    Go ahead and buy Chinese stock. Let's see how that works out for you. Just don't mention the fact China has a housing bubble and a major demographic challenge

    • @jeffpotter2934
      @jeffpotter2934 ปีที่แล้ว

      China economy was supposed to crash 20 years ago but it keeps on growing and growing….5-6% this year. Don’t trust China numbers? Just ask American companies doing business in China how well China is doing

  • @BobbieMercer-vb4pp
    @BobbieMercer-vb4pp ปีที่แล้ว +3

    why would any fool buy debt ? Treasuries / bonds ? knowing the possibilities, that the U.S. wont be able to pay this , no return but loss .

  • @billclinton-f8n
    @billclinton-f8n ปีที่แล้ว +108

    It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!

    • @viewfromthehighchairr
      @viewfromthehighchairr ปีที่แล้ว +1

      @Margaret22- Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $160k

    • @AlbertGReene-p8w
      @AlbertGReene-p8w ปีที่แล้ว +2

      @@viewfromthehighchairr Please can you leave the info on how to reach your investment advisor here? I’m in dire need for one.

    • @viewfromthehighchairr
      @viewfromthehighchairr ปีที่แล้ว +4

      @@AlbertGReene-p8w Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

    • @AlbertGReene-p8w
      @AlbertGReene-p8w ปีที่แล้ว

      @@viewfromthehighchairr Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

    • @cl4971
      @cl4971 ปีที่แล้ว

      Nothing to brag about but this year itself, i pulled in about 20% of my initial investment buying only good, reputable companies. (Meta, alphabet..etc)

  • @spiritofgoldfish
    @spiritofgoldfish ปีที่แล้ว

    I think Ray Dalio is crying crocodile tears about deficits and debt.
    Today, commercial banks have the privilege of creating money as credit. They oppose governments creating their own money, because that would make economies less dependent on bankers and bondholders. Opposing Modern Monetary Theory (MMT), banks and bondholders demand that governments finance their budget deficits by borrowing at interest instead of simply creating their own money by fiat.
    Michael Hudson. The Destiny of Civilization
    “Cry crocodile tears” is an idiom that means to pretend to be sad or remorseful but not really feel that way. The expression comes from the idea that crocodiles cry when they eat their prey. It can be used to describe someone who is faking an emotion or who doesn’t really care about your situation.

  • @angelachanelhuang1651
    @angelachanelhuang1651 ปีที่แล้ว

    ask for help. answers