The possibility that in the USA you can move to a state where taxes and values etc match your own is a strength in my opinion. It is decentralization where, in acceptance of the fact that people are different, you have the opportunity to organize the different states differently. It is not just decentralization, but freedom, individual freedom.
@@Gsoda35 Please let me give you some examples that emphasize my point. Recently we have seen and experienced citizens moving from New York to Florida and from California to Texas. Citizens vote with their feet and the States compete to attract. This is freedom to choose and free market forces combined. Makes sence?
If you want to understand the world you need to read this article: Published on 17 Jan 2006 by Energy Bulletin. The Proposed Iranian Oil Bourse by Krassimir Petrov I. Economics of Empires A nation-state taxes its own citizens, while an empire taxes other nation-states. The history of empires, from Greek and Roman, to Ottoman and British, teaches that the economic foundation of every single empire is the taxation of other nations. The imperial ability to tax has always rested on a better and stronger economy, and as a consequence, a better and stronger military. One part of the subject taxes went to improve the living standards of the empire; the other part went to strengthen the military dominance necessary to enforce the collection of those taxes.
They say demographics are destiny. That isn't true. Education is destiny. The US primary and secondary education began falling behind since the late 80s to early 90s We see those fruits today. The students from the 00s and 2010s are much worse. US colleges in STEM are propped up more than 50% by foreign students, and the immigration policies send those educated foreigners home. Expect to get worse and worse labor force replacing valuable retiring boomers in key industries. There's no escape from that destiny. It was written in stone 20-30 years back.
Ray is great. But economists really think of numbers. The divisiin of our western nations is not based on simple shallow values, but critical values of no compromise. There is no bipartisan on many of the core values.
Irreconcilable difference... why bother the difference.. does it matter if you win or lose because in term of growth or development of tech over all it make no difference one is going to lose the race. Its not splitting hair .. it might be now ... but soon it will not be. Economic cohesive will not happen if US keep bullying ..even EU Japan S Korea feels this.
I find ray dalio very interesting intelligent and I appreciate his trying to educate. I do find his description of populism a bit interesting. I find it interesting because of his use of the phrase the rules of the game don't matter. I find it interesting because Ray dalio is clearly one of the global controlling elites, and I assume what he means by the rules of the game don't matter is simply that the rules that the elite have set up for how things get done and how they like things get done suddenly I've pushed aside. I would posit that that is the case because the people recognize shortcomings in the system that they're told they must operate in. In fact if you just think about it, that very system is the thing that created the inequity that people are roiling against. If you just look at our leadership, that is the politicians, you will notice that there is very little change across many decades. That in itself is another clue that things in the system probably need changing because dissatisfaction of the populace grows and they blame everybody except the people that are in theory in control. That in itself is an odd situation, and I would say can only be explained by a control of the narrative by those political folks, and the ruling elite that actually stand behind them. Lucky for us, organizations like the world economic Forum no longer hide in the shadows, but post there plans openly. I think that will make it easier for the populace to see the people actually pulling the strings.
I like your comment. People see things not working for them so they want change to the system, and the traditional parties / politicians will not change. So people respond to "populists". The problem is that the populists are reactionary and often angry, so the danger is over-reaction or just "time to tear down the whole system" kind of thinking. It's very discouraging living in a western democracy these days because Asia is rising rapidly and undermining our industrial base, so there is a shrinking middle class. Flipping burgers and working in a retail setting does not replace the wealth that manufacturing produces. I don't like politicians because they simply do not address, let alone solve real problems. Government is utterly self serving now. They do nothing to strengthen the private sector worker. Absolutely nothing.
Thanks for this interview 👍🏽
Bloomberg - the channel no one wanted but everybody gets.
Damn he rambles a lot without saying a lot
I was thinking the exact same thing. He said so many words but had no point 😂
He’s getting old
@@remsee1608 He can't share the secret sauce even on his death bed.
This is one of the best things I've ever seen on Bloomberg. More of this. Do one with Elon too.
q
@@johnli7206 776❤
Please give us a break with this fElon scam artist. 🙄
@@nachannachle2706 How did Elon Musk scam you?
Both the host and guest are excellent ! Some change from interview only with Larry Summer !
Excellent guest good interview
Thank you for covering many sectors and indivisual stocks,
The possibility that in the USA you can move to a state where taxes and values etc match your own is a strength in my opinion. It is decentralization where, in acceptance of the fact that people are different, you have the opportunity to organize the different states differently. It is not just decentralization, but freedom, individual freedom.
I see now how that can help. sounds sensible to me.
@@Gsoda35 Please let me give you some examples that emphasize my point. Recently we have seen and experienced citizens moving from New York to Florida and from California to Texas. Citizens vote with their feet and the States compete to attract. This is freedom to choose and free market forces combined. Makes sence?
@@glennnielsen8054 correction from me. I misread your original comment. you are fully correct. I need to sleep more.
Amazing interview
If you want to understand the world you need to read this article: Published on 17 Jan 2006 by Energy Bulletin.
The Proposed Iranian Oil Bourse by Krassimir Petrov
I. Economics of Empires
A nation-state taxes its own citizens, while an empire taxes other nation-states. The history of empires, from Greek and Roman, to Ottoman and British, teaches that the economic foundation of every single empire is the taxation of other nations. The imperial ability to tax has always rested on a better and stronger economy, and as a consequence, a better and stronger military. One part of the subject taxes went to improve the living standards of the empire; the other part went to strengthen the military dominance necessary to enforce the collection of those taxes.
I’m going to read this. Thanks.
I need money for a house where do i get this money from i dont have a job or any income.
Doctor Doom returns!
They say demographics are destiny. That isn't true.
Education is destiny. The US primary and secondary education began falling behind since the late 80s to early 90s
We see those fruits today.
The students from the 00s and 2010s are much worse.
US colleges in STEM are propped up more than 50% by foreign students, and the immigration policies send those educated foreigners home.
Expect to get worse and worse labor force replacing valuable retiring boomers in key industries.
There's no escape from that destiny. It was written in stone 20-30 years back.
Reaganomics.
What is yesterdsys newspaper good for?
ESG is WEF system of control - market manipulation - carbon credit system
Yap Yap Yap!
Could've asked him more about the ever increasing deficit 2nd and 3rd order effects, instead of climate though :)
Agenda 2030. Own nothing. One world government.
Ask him how is the car industries going...
Ray is great. But economists really think of numbers. The divisiin of our western nations is not based on simple shallow values, but critical values of no compromise. There is no bipartisan on many of the core values.
He's an investor, hes not selling truth, he selling an idea and tryin to make money of it. Thats how it works
@@Capeau He hasn't helped a single retail investor.
You got it right ... one sided talk.
@19:30 so nothing new with sanctions, old business practices:-)
Irreconcilable difference... why bother the difference.. does it matter if you win or lose because in term of growth or development of tech over all it make no difference one is going to lose the race. Its not splitting hair .. it might be now ... but soon it will not be. Economic cohesive will not happen if US keep bullying ..even EU Japan S Korea feels this.
When Dalio says on China "smart power", I think of ghost cities and demolition of newly build apartment buildings
Love Ray but this interviewer seems like a lightweight, and irritating.
I find ray dalio very interesting intelligent and I appreciate his trying to educate. I do find his description of populism a bit interesting. I find it interesting because of his use of the phrase the rules of the game don't matter. I find it interesting because Ray dalio is clearly one of the global controlling elites, and I assume what he means by the rules of the game don't matter is simply that the rules that the elite have set up for how things get done and how they like things get done suddenly I've pushed aside. I would posit that that is the case because the people recognize shortcomings in the system that they're told they must operate in. In fact if you just think about it, that very system is the thing that created the inequity that people are roiling against. If you just look at our leadership, that is the politicians, you will notice that there is very little change across many decades. That in itself is another clue that things in the system probably need changing because dissatisfaction of the populace grows and they blame everybody except the people that are in theory in control. That in itself is an odd situation, and I would say can only be explained by a control of the narrative by those political folks, and the ruling elite that actually stand behind them. Lucky for us, organizations like the world economic Forum no longer hide in the shadows, but post there plans openly. I think that will make it easier for the populace to see the people actually pulling the strings.
I like your comment. People see things not working for them so they want change to the system, and the traditional parties / politicians will not change. So people respond to "populists". The problem is that the populists are reactionary and often angry, so the danger is over-reaction or just "time to tear down the whole system" kind of thinking.
It's very discouraging living in a western democracy these days because Asia is rising rapidly and undermining our industrial base, so there is a shrinking middle class. Flipping burgers and working in a retail setting does not replace the wealth that manufacturing produces.
I don't like politicians because they simply do not address, let alone solve real problems. Government is utterly self serving now. They do nothing to strengthen the private sector worker. Absolutely nothing.
Bingo!
Dalio has never said anything useful to the average investor.
He is keeping it close to his vest. You ought to figure your strategies on your own.
And yet , you are listening to him.
Cull the plebs than this circus show ends. Fenrir is entertained, are you?
Ray Dallio is the ONLY talking head mentioning the inflationary consequences of decoupling from China