Ray Dalio: The Financial System Is Broken (2020 Recession)

Ray Dalio, a hedge fund billionaire, just released a great article on LinkedIn explaining how our monetary system is potentially broken, and how big changes will have to happen soon.

I’ve done my best to highlight some of the quotes from the article and give my own personal perspective on what is going on.

I implore you to watch the entire video and re-read the article for yourself, which you can find on LinkedIn.

Key Quotes From The Article:

- “In some cases venture capital investors are pushing money onto startups that don’t want more money because they already have more than enough; but the investors are threatening to harm these companies by providing enormous support to their startup competitors if they don’t take the money.

- “This whole dynamic in which sound finance is being thrown out the window will continue and probably accelerate, especially in the reserve currency countries and their currencies.”

- “Rich capitalists will increasingly move to places in which the wealth gaps and conflicts are less severe and government officials in those losing these big tax payers will increasingly try to find ways to trap them.”

- “The system of making capitalism work well for most people is broken.”

Let me know what your thoughts are.

Do you think this system is headed for cryptocurrency? Universal Basic Income? Social Credits? Communism? Socialism?

Thanks for watching!

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Видео Ray Dalio: The Financial System Is Broken (2020 Recession) канала Marko - WhiteBoard Finance