Economic Crisis: Ray Dalio's Warning For The Banking Collapse, US Dollar & Upcoming Recession (Replay)
Tom Bilyeu's Impact Theory
Intro
This chapter explores the volatile state of the current economy and its impact on personal finance. It highlights the need for informed decision-making to help individuals effectively manage their financial futures amid macroeconomic changes.
If you’re one that avoids economic news, politics, and global matters you may want to pause and lean into this conversation as an objective view of reality with historical context.
These are scary uncertain times we’re living through with an entire banking system failing, politics with one agenda to divide the country, and the battle for global power.
With the economic crisis unfolding before us, you have a decision to make on how you respond in this moment. No one can tell you what is best for you, but as Ray Dalio puts it, he wants you to at least understand the mechanics of what is happening so you can do your own analysis of what’s best for you.
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater, a billionaire investor, and bestselling author, joins Tom for a sobering conversation about the obvious problems with banking causing its collapse and the moment in time we’re facing with global conflicts on the rise.
The emphasis is on understanding the mechanics and knowing what to look for and how you’ll respond. Ray shares valuable insights on the way banking works, why the collapse of SVB was obvious, the 6 cycle trend that sees the rise and fall of empires, and 3 tiers of security you can put in place for yourself.
Check out Ray’s video mentioned in this episode, Principles for Dealing with the Changing World Order: https://youtu.be/xguam0TKMw8
[Original air date: 4-17-23].
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YouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ
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What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
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