Ray Dalio: How To Protect Your Wealth Before It's Too LATE! Global Financial Crisis!

1 year ago
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Ray Dalio: How To Protect Your Wealth Before It's Too LATE! Global Financial Crisis!
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►In this video, Ray Dalio discusses the vulnerabilities that existed under the current system and how the COVID-19 pandemic has acted as a stress test for these vulnerabilities. He argues that there will be some things that are broken for a long time as a result of the pandemic, and some things that are fundamentally changed. One of the major changes he highlights is the widening financial gap between the rich and poor, and how this will have enormous political consequences, leading to increased conflict between the left and the right.

Dalio also discusses the impact of the pandemic on monetary policy, noting that with interest rates at zero and quantitative easing (QE) not passing through to those who need it the most, we are entering a new era in which there will be more government borrowing and money directed to those who need it more. He believes this will have a profound impact on the value of money, possibly reserve currencies, and will have significant political and wealth implications in the coming years.

In addition, Dalio argues that the pandemic has had a significant impact on the global balance of power, with China coming out of the pandemic relatively well and this will change the nature of capital flows. He also makes the point that this is a defining moment, similar to the periods before World War I and World War II, with large wealth gaps, income gaps, and opportunity gaps that are at levels not seen since the 1930s. He notes that monetary policy and debt policies will have to be expanded, and this will have a significant impact on rising power of China challenging the existing power, in competition, much like the 1930s-45 period.

Dalio argues that the current environment is becoming more challenging because of the nature of how these cycles happen over and over again throughout history, with struggles and fights over wealth and political power within and between countries, and the possibility of peaceful or confrontational solutions to these struggles. He suggests that diversification, liquidity, and differentiation are key considerations for investors during this period of great uncertainty and risk. He encourages investors to diversify their portfolio by not just concentrating in traditional markets and to consider currency diversification and exposure to reserve currencies.

►If you found this video helpful, please consider sharing it with your friends. If you want to see more videos like this, you may want to consider subscribing to the channel.

► Special Thanks & Credit to:
Ray Dalio
https://www.youtube.com/channel/UCqva...
Bridgewater Associates
https://www.youtube.com/@Bridgewater

Disclaimer: This video is for educational and entertainment purposes only. I am not a financial adviser. Please do your own research and consult with a professional before making any investment decisions.

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