The Economic Collapse You’ve Been Told Won’t Happen - Ray Dalio

Go see Chris live in America - https://chriswilliamson.live Ray Dalio is the founder of Bridgewater Associates, billionaire investor, philanthropist and an author. How do countries actually go broke? In a world of abundance, it’s easy to think the good times will last. But with global debt soaring, we may be nearing an unprecedented economic reckoning. History shows these cycles repeat; the question is, can we escape collapse and find a path to prosperity before it’s too late? Expect to learn why Ray got interested in how and why countries go broke, how money and debt actually work, the 5 major forces that shaped history, how the debt cycle works to make the rich richer, how politics impact they global world order, what AI will do to disrupt the world as we know it, what most people get wrong about how countries actually fall apart, and much more… - 0:00 Moving from Macro Investing to Predicting Currency Fluctuations 8:00 The Five Big Forces 15:35 How Does the Debt Cycle Work? 22:39 What Does It Mean for a Country to Not Pay Its Debts? 29:24 To What Extent Do Economic Cycles Affect Politics? 38:32 Why are Our Policies So Push and Pull? 43:29 We're On the Brink of an Economic Downturn 48:08 How Can We Understand the External Geo-Political Order? 53:26 How China’s Ascension Relates to the First Two World Orders 57:16 What Role Does Active Nature Have in the Modern World? 01:02:03 The Predicted Impact of AI 01:08:25 Is Anyone Safe From AI? 01:13:15 Are Financial Cycles Worse Than Kinetic Wars? 01:21:03 Is Ray Onto Something? 01:23:56 Find Out More About Ray - Get the best bloodwork analysis in America at ⁠https://functionhealth.com/modernwisdom⁠ Get a 20% discount on Nomatic’s amazing luggage at ⁠https://nomatic.com/modernwisdom⁠ Get a Free Sample Pack of LMNT’s most popular Flavours with your first purchase at ⁠https://drinklmnt.com/modernwisdom⁠ Get 35% off your first subscription on the best supplements from Momentous at ⁠https://livemomentous.com/modernwisdom - Get access to every episode 10 hours before YouTube by subscribing for free on Spotify - https://spoti.fi/2LSimPn or Apple Podcasts - https://apple.co/2MNqIgw Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books/ Try my productivity energy drink Neutonic here - https://neutonic.com/modernwisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/