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Tom Bilyeu's Impact Theory

Economic Crisis: Ray Dalio's Warning For The Banking Collapse, US Dollar & Upcoming Recession (Replay)

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.75.2K Ratings

🗓️ 3 June 2024

⏱️ 115 minutes

🧾️ Download transcript

Summary

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].


Follow Ray Dalio:

Website: https://www.principles.com/

Twitter: https://twitter.com/RayDalio

Instagram: https://www.instagram.com/raydalio/

YouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ


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FOLLOW TOM:

Instagram: https://www.instagram.com/tombilyeu/

Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en

Twitter: https://twitter.com/tombilyeu

YouTube: https://www.youtube.com/@TomBilyeu


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 Playbooka goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.


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Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, I'm really excited for today's episode. This is another extremely topical one around

0:05.8

finance. And right now, if you're not paying attention to what's going on in finance,

0:10.2

you've got a rough road ahead of you. And I got to sit down today with Ray Dalio for another episode.

0:16.7

He is one of the most important thinkers on the topic of macroeconomics, what is going on in the

0:22.5

world, how it relates to you and what you should be thinking about as you plan out your

0:27.6

financial future. Now is one of those incredibly volatile times. If you pay attention and you

0:32.5

move in an intelligent fashion, you can make wise decisions. But if you stick your head in the sand and aren't thinking

0:38.9

about how these grand world changes do apply directly to you, you are going to make suboptimal

0:46.2

decisions. And then that comes to your finances, nobody is in the mood for suboptimal

0:50.9

decisions. So guys, I hope that you get out a notepad, take notes, listen to the

0:55.9

things that Ray and I talk about in this episode. He's got just unbelievably useful insights as

1:02.4

somebody who's built the largest hedge fund in the world. This is a guy that routinely bets on the

1:07.5

market and has come up right more than virtually anybody else ever.

1:11.8

He has a very sober way of thinking through these problems.

1:15.2

So I hope that you guys will enjoy this episode.

1:19.2

There is a lot of amazing ground that we cover.

1:21.7

If you enjoy listening to this episode as much as I did recording it,

1:25.7

and I think you will because because it is so insightful.

1:28.1

Please rate, review, and tell other people about this podcast.

1:31.7

It's exactly how we get this out to more people just like you and help them become legendary.

1:36.5

I'm Tom Bill You, and welcome to Impact Theory.

1:39.7

Talk to me about the three forces that you see that are influencing this moment. We've got banks

...

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