The Way The System Works | Ray Dalio Predicts A Horrible Economic Crisis

Ray Dalio is an American billionaire investor, hedge fund manager, and philanthropist who is known for his work in the field of investing and finance. He is the founder of Bridgewater Associates, one of the largest investment firms in the world.
Dalio has written extensively about his views on the financial system, and he is a vocal critic of the current economic system. He has argued that the current system is unsustainable and that it is prone to periodic crises, such as the financial crisis of 2007-2008.
According to Dalio, one of the major problems with the current financial system is that it relies on debt to function, which can create instability and lead to crises when debt levels become unsustainable. He has also argued that the current system is overly complex and that it is not transparent enough, making it difficult for investors to make informed decisions.
In order to address these problems, Dalio has proposed a number of reforms to the financial system, including the creation of a global reserve currency that is not tied to any particular nation or group of nations. He has also argued for the implementation of a more transparent and efficient system for allocating capital, as well as for greater transparency and accountability in the financial sector.

The Way The System Works | Ray Dalio Predicts A Horrible Economic Crisis