Bridgewater’s Ray Dalio & NFTs for Good with Bill Tai

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 30 November 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bridgewater Associates’ Ray Dalio holds firm in his belief that cash is not king, despite the market volatility triggered by the Covid omicron variant. Dalio discusses competing with China, the global economy, and his new book, “The Changing World Order.” Comments about omicron from Moderna CEO Stephane Bancel have spooked investors, and Jack Dorsey’s decision to step down from his role as Twitter CEO took the markets by surprise. Plus, for Giving Tuesday: a conversation about the potential for NFTs to innnovate philanthropy with venture capitalist, crypto optimist, blockchain backer and kite surfer Bill Tai. Founder of Metagood and one of the first to make an NFT for charity, Tai discusses paths forward for the metaverse and tech’s opportunity to impact positive change. In this episode: Ray Dalio, @RayDalio Bill Tai, @KiteVC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C. N.C. producer Cameron Costa.
0:08.0	Today on our podcast, Ray Dahlio on 500 years of empires.
0:14.0	What we're seeing now happen has played out many, many times in history.
0:18.0	The founder of one of the world's largest hedge funds in history on rising prices.
0:23.6	Cash is not a safe investment.
0:26.4	It's not a safe place because it will be taxed by inflation.
0:30.0	And competing with a new economic empire in China.
0:33.8	If you look at the word country in China,
0:37.0	it consists of two characters, state family.
0:40.4	And we're heading into the metaverse how NFTs are transforming donations this
0:46.0	giving Tuesday with venture capitalist Bill Ty. We're right at the beginning of
0:51.3	what could be a structural change where any cause, any
0:54.8	community of interest can get their members engaged and fuel their causes in a
0:59.6	low friction way. But first, fears of the Omicron variant spooking just about everybody.
1:07.0	People are just preparing for the idea that the reopening could get pushed back a little bit by a number of months.
1:13.0	And Twitter's CEO Shakeup, all on today's podcast.
1:17.0	It's Tuesday, November 30th, 2021,
1:20.0	and Squawk Pod begins right now.
1:22.0	Stand back you by in three, two, And Squack Pod begins right now.
1:22.6	Stand Becky by in three, two, one, do you agree?
1:27.2	Good morning everybody.
	...

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