Ray Dalio on the future of the economy

[BlackGoku]

I'm about 12 mins in and I think he makes some really good points on the direction we're most likely headed in. His comment about how we treat each other stands out to me. Kinda surprised he said "New World Order" and "revolution" in the interview, but I think he has been making very good points so far...

 

[Barron11]

Very good info - I always enjoy Ray Dalio's commentary on the economy and the market

 

[scullydog]

Why are we worried about an economy. That shit will come back. Basically, we are on a fiat system. The federal reserve makes our money, so, it fake and we are beholden to the world bankers. It had a beginning and it will start again. Who and the hell are we competing with. All of its fake. Even if it was backed by gold. We have to give gold a value in order for the paper to be backed by it. Its all fake, so, why worry about that shit. Man, humanity is stupid. We let a hand full of motherfuckers tell us how to think and what to do. The power is in our hands, but we don't realize it. If we look at it, this could be the end of all of this shit. We don't have to go back to a fucking job. This is why they are trying to push your ass back to work. We don't think.

 

[gene cisco]

Why are we worried about an economy. That shit will come back. Basically, we are on a fiat system. The federal reserve makes our money, so, it fake and we are beholden to the world bankers. It had a beginning and it will start again. Who and the hell are we competing with. All of its fake. Even if it was backed by gold. We have to give gold a value in order for the paper to be backed by it. Its all fake, so, why worry about that shit. Man, humanity is stupid. We let a hand full of motherfuckers tell us how to think and what to do. The power is in our hands, but we don't realize it. If we look at it, this could be the end of all of this shit. We don't have to go back to a fucking job. This is why they are trying to push your ass back to work. We don't think.

He basically said that. Said money is just digital, but goods and services are real and people will adapt.

I agree, folks getting all bent out of shape over shit that is literally printed out of thin air with no one really watching the game. If the entire globe is crashed, who is calling bullshit? Martians? God? Can't be anyone on the planet. Just print more money, adapt, and everyone get back to pretending.

 

[scullydog]

He basically said that. Said money is just digital, but goods and services are real and people will adapt.

I agree, folks getting all bent out of shape over shit that is literally printed out of thin air with no one really watching the game. If the entire globe is crashed, who is calling bullshit? Martians? God? Can't be anyone on the planet. Just print more money, adapt, and everyone get back to pretending.

I need to watch the video. But, real talk, humanity is some stupid motherfuckers.

 

[BlackGoku]

So i finished watching this earlier today and I wish Dalio was advising the federal government or working on some task force or coalition to get the economy going again...he said that innovators are going to be the ones that win out of this entire thing...he said that the great depression didn't actually occur until 3 years after the initial stock market crash and our government did the same thing the last time (propped up economy by doing a "stimulus bill, 0% interest rates, etc) and we still went into a depression. the more and more i think about it, we may be headed back to how things USED to be with banks..