How The Economic Machine Works (by Ray Dalio)

We thought the following YouTube clip was worth the 30 minutes it takes to understand how the world’s financial systems work – primarily from a US perspective, it’s still a very valuable insight:

https://m.youtube.com/watch?v=PHe0bXAIuk0

About the Author: Raymond Thomas Dalio (born August 8, 1949) is an American billionaire hedge fund manager and philanthropist. In 1975 he founded investment management firm Bridgewater Associates. The firm became the world's largest hedge fund in 2005. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List. In July 2019, Dalio called for a reform of capitalism and described wealth inequality as a national emergency. In November 2019, Dalio posted a blog entry stating that excess capital, unfunded social liabilities, and government deficits have created a recipe for disaster, in what he called a "paradigm shift". Wikipedia

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