Great Wealth Transfer Has Begun: Preparing For A Market Crash & Rising Conflict In 2024 | Ray Dalio

Tom Bilyeu's Impact Theory

Impact Theory

News, Business, News Commentary

4.7 • 5.2K Ratings

🗓️ 7 November 2023

⏱️ 164 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a world teetering on the brink of economic uncertainty and geopolitical tensions, billionaire investor and founder of Bridgewater, Ray Dalio has delivered multiple sobering conversations that you can't afford to miss. Revered for his radical honesty and objective view of reality, Ray dives into the mechanics of our failing banking system, the rise and fall of global powers, and how you can navigate these turbulent times. With a strong verdict recently decided in the FTX case and hundreds of billions of dollars in unrealized losses across major banks being reported, Ray's voice of reason and objective views demand the attention of people like you seeking answers to the infamous question, "What now?” In this two-part episode, Ray not only highlights the importance of understanding the mechanics of the current economic crisis but also shares practical strategies on how to become antifragile, protect your money, and thrive in chaos. Noteworthy takeaways include the need to earn more than you spend, the power of diversification, and why competing in the markets is harder than competing in the Olympics. Don't bury your head in the sand - equip yourself with the knowledge and tools to survive and thrive in this changing world order. Tune in now for this enlightening conversation with Ray Dalio, and learn how to position yourself for survival regardless of the stage we’re in." 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 SPONSORS: Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact. Right now, Kajabi is offering a 30-day free trial to start your own business if you go to https://bit.ly/Kajabi-Impact. Head to www.insidetracker.com and use code “IMPACTTHEORY” to get 20% off! Learn a new language and get 55% off at https://bit.ly/BabbelImpact. Try NordVPN risk-free with a 30-day money-back guarantee by going to https://bit.ly/NordVPNImpact Give online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self. Go to https://bit.ly/PlungeImpact and use code IMPACT to get $150 off your incredible cold plunge tub today. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. * New episodes delivered ad-free * Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more * Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list * You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: *Legendary Mindset: Mindset & Self-Improvement *Money Mindset: Business & Finance *Relationship Theory: Relationships *Health Theory: Mental & Physical Health *Power Ups: Weekly Doses of Short Motivational Quotes *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to the Impact Theory podcast, your source of empowering ideas and actionable techniques from the world's highest achievers.
0:08.0	Join host Tom Bill You, serial entrepreneur and co-founder of the billion-dollar brand Quest Nutrition, on a journey to unlock your potential and realize your vision of success.
0:19.4	Welcome to Impact Theory.
0:25.6	So we've gotten over our skis on debt.
0:28.5	The Fed is going to try to print their way out of this.
0:31.1	All that does is create inflation.
0:32.8	They try to break the back of inflation with high interest rates,
0:35.4	but so many people got themselves into debt
0:38.2	in the good times on variable interest rates or that they bought long on something like a bond
0:45.1	where it devalues based on what happens with the interest rates. So as the interest rates go up,
0:51.0	either people just can't make their interest rates payments or the debt
0:54.2	that they were holding goes down in value. Okay, so you've got this moment where a lot of people are
0:59.2	about to lose money and a lot of people are going to be very uneasy. And you've got the political
1:05.9	divide that's continuing to escalate escalate. We saw the last election cycle here in the U.S.
1:12.7	where people stormed the Capitol. It was a very sort of unnerving moment. And now it's like,
1:18.8	well, things weren't nearly as bad then as they are coming into the 2024 election. So I start
1:25.0	thinking, okay, what is the safe move? And if I'm honest, Ray,
1:28.7	I start looking at where do I live? So is there a move to be made within the U.S.?
1:36.7	Or I start thinking, do I become a more globally mobile citizen? Is there something that I
1:43.4	should be thinking about there? I've got a lot of my
1:46.5	money in cash. And then one thing that we didn't talk about, which we probably should, you
1:51.8	mentioned the word hard money. And so hard money, I'll give my layperson's definition. And then
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