Ray Dalio goes into detail on debt
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- Опубликовано: 8 авг 2024
- Ray Dalio, founder of Bridgewater Associates, speaking at a Council on Foreign Relations event in 2012.
Big Debt Crises by Ray Dalio: amzn.to/2S4tpuW
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Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
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This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
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Only a person who truly masters something can explain in simple terms.
Stfu...and explain thing then...you talking robot
He promotes more debt. Genious.
@@ebrelus7687 you are an idiot
You can understand what he’s saying better if you watch his video on ‘how the economic machine works’.
@@roeydaz true
Ray Dalio is great at explaining complicated concepts in simple terms. One of the best economic minds out there.
Still I didn't understand
Yeah. It really is something to appreciate. His thirty minute video on how the economic machine works is really good.
That's not what he did...he explained simple household finance in terms of financial institution to APPEAR as an expert authority. So to the financially ignorant and greedy...they see a hero. When in fact he was/is appointed.
(See 2017 WEF dipshits).
@@surajpatil7242 I understand why you don't understand. It is clear that his explanation is confusing. You are not the problem.
@@surajpatil7242 Dalio presents creating "credit" out of thin air like some natural thing, for example. But, actually it is a fraud (nowadays legalized but severely punishable in the history). When someone lends money to the bank, he temporarily refrains from indulging himself by buying something for himself, and he lets others to buy what they want instead. But he expects a reward, an interest. I want to stress that: The value that someone created and borrowed to the other is credit. Now, in modern banking, if someone created value and deposited equivalent of that value (money) in the bank, bank will give 10 times that amount as a credit. Alchemy. The value is created once and spent ten times. It sounds like problem in making. And when the bad practice "hits a fan" you get Ray Dalio to explain that it is quite normal part of life.
It's like he's speaking about NOW, but this is a recording of 2012.
You making it sound like it was a prediction but 2008 was purely a case of too much leverage on the housing market but now our economy problems didn't origin from that
Leverage makes a recession worse though, that's basically because why this current economy halt is so problematic
thats the reason they uploaded today!
lvmeijer it’s not exactly a momentary thing, cycles come and go, if happens all the time. This will most likely still apply in 50 years.
Ray and Soros have been predicting the future since the 90's
More people should know who Ray Dalio is. He's truly an intelligent man and breaks many things down into simple concepts. Especially right now as we go into a new paradigm shift
Nick Scuderi - RealLife Money All of us should understand his video of how the economic machine works. It’s an excellent video.
yeah he is very smart and intelligent man . i am reading his work .
@Language and Programming Channel What did Einstein say regarding trying to fix problems at the same level of thinking that created them......?
I wish i could understand what he is talking about, it seems interesting but as soon as he started talking about deleveraging I got lost. I have some studying to do i guess
@@privatejr2702 Essentially deleveraging is reducing leverage via the debt burden on your balance sheet.
This man is the Richard Feynman of economics/investing
Caleb C HATER
Lmao
For more:
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hi ML be nice to me !
Sibos 2010 Innovation Keynote: The big tectonic shifts .. for luls start at 42s
Sibos Opening plenary (706 views 9 years ago.. timestamps) start at 29:11 for hexagon (cube) and notice when he walks near it what he is saying. Not to mention the TOPIC OF CONVERSATION HAHAHA !!!! THE ORACLE OF DELPHI
Ari Juels the legend from RSA said recently that apparently the Oracle of Delphi was high on volcanic emissions, similar to DMT
Not big surprise.
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Stocks go live for DTCC is end of May
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You are welcome, share this !!!
ERIC SCHMIDT last year SMARTCON conference "people in this room understand"
Sergey "they'll understand when we power everything. then they'll understand"
!!!!
thanks fren ML
thanks Google
thanks RUclips !
“Debt can’t rise faster than income forever”
The FED: “hold my beer whilst I fire up this printing press”
D.B. I don’t get this joke, the FED prevents debt from rising faster than income?
I get it.
@@sebastianaminoff9703 the FED basically increases debt at will whenever there's a need for liquidity somewhere with no relation to income whatsoever.
Maya-AMF Thats not true, the FED doesn’t loan money they print money and therefore create liquidity without increasing debt? Right?
@@sebastianaminoff9703 WRONG! The Federal Reserve lends to commercial banks and other depository institutions...
Why bother with business schools when you have people like this that can explain everything in 10 mins
Can’t put a RUclips video on your CV is probably the key answer here
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro..
ERIC SCHMIDT last year SMARTCON conference
"people in this room understand" Sergey "they'll understand when we power everything. then they'll understand"
!
just google the man in plaid
even Larry-Link Fink plaid recently staring at camera
Thank you for uploading ! Ray’s words should be written into textbooks . Practical and accessible to everyone . Bravo for his wisdom and generosity!
Listen children. This is why student loan debt will never be “written off”
I really enjoyed that, I have to really concentrate and digest it. I like how he articulated it
Love listening to this guy. It's a breath of fresh air compared to the other hedge fund managers who're just promoting their positions to make that stock move up or down.
*He is really a good man. Btw you can watch great investors from my channel!*
This explains so much - an important concept to understand
dalio and peter schiff made me understand the economy. it's all about productivity, consumption and the debt that drives those two factors. debt that drives productivity is good, debt that drives consumption (from a foreign economy) is bad. if your economy is spending heaps of money, going into debt, but none of that money is circulating back into your own economy (ie lack of productivity) that's bad bad bad.
you want debt that drives productivity that makes more positive things for the economy that allows it to grow more in the future. Yeah you could just go all in go into debt and produce 100% buttons for shirts but then by the end nobody wants those buttons and youve wasted your productivity and your economy has no future.
Debt that is created out of thin air is creating bubbles and inflation, therefore is bad, because it is putting the burden of inflation on everyone - decreasing total purchasing power in economy of a single currency unit. Debt that is created out of someone savings (by being productive) is good debt, because the purchasing power is shifting from creditor to debtor, but in the entire economy the total purchasing power stays the same. You are welcome.
Gorilla Team Tutors try Harry Dent. He will crap all over your dreams. You don’t know economics cuz you listen to Peter Schiff and you bought a little gold
@@actualideas8078 I don't hail him as god I just listened to his analysis on news reports in 2006 where he was speaking about the lack of meaningful production and high amounts of consumer debt would lead to a big recession/collapse. Oh turns out he was right. But ye I will check out this dent guy Ty
I would add Mike Maloney to this list.His free series called hidden secrets of money is a masterpiece that will explain monetary history troughout time with animations and everything.Took something super complicated and broke it down so even a 5 year old can undestand it.
What about an economy that didn't use debt at all
Love how simple his explanation is 👏
Great video, thank you for this vid
2020 : holy this was explained in 2012
"[After rattling off a long list of crashes after bubbles] It's the same thing over and over again, we can't help ourselves." - John Tuld (played by Jeremy Irons) in Margin Call
@@DSCH4 "cant help ourselves"...roflmao
Happen 1 time accident
Happens 2 time coincidences
Happens 3 times it's a plan
...see the world for what it is, not what they told you it is...
Well the principles of the way capitalism works don't really change much in 8 years, so it's not like he is exactly predicting the future. It's weird, tho, cuz in a way he kinda is, just by knowing that these general economic patterns repeat. The brightest minds are the ones who are hyper observant and can identify with a high level of precision at what time and in what markets/corporations these patterns occur in. I think. I'd say that this is what a lot of hedge funds and investors do for a living, like Ray and his colleagues at Bridgewater.
Yeah to sell his books. You are late to the game. He was explaining the crash of 07,08,09 because of massive debt. keep up son
also this is cyclical in capitalism. you'll be seeing this same recession in a few years. it's called the debt cycle. it's how capitalism lives and thrives
The best debt explanation I’ve ever heard!!
This is a basically a precursor to his video, "How The Economic Machine Works".
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro..
ERIC SCHMIDT last year SMARTCON conference
"people in this room understand" Sergey "they'll understand when we power everything. then they'll understand"
!
just google the man in plaid
even Larry-Link Fink plaid recently staring at camera
Ray Dalio is amazing. I am a electrical engineer and he made me understand economics.
*He is explaining himself good. Btw you can watch great investors from my channel!*
I thought I was on CNBC channel.
But then I realized nobody interrupted Ray
This is so brilliant. The debt to income ratio is so simple but so telling of where the economy is in the cycle and where it’s heading
Ray Dalio is the reason I decided to study economics at the university 🙌🏾🙏🏾
"they'll understand when we power everything. then they'll understand"
just google the man in plaid
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro.
Nicely put, and explaining in entirety why the system we currently call our economy will fail.
"they'll understand when we power everything. then they'll understand"
just google the man in plaid
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro.
upgrades..
Ready dalio is quit good at explaining basics of econ
I started reading his book and so far it is great. It's also free
looks like Jimmy from Better Call Saul hahahaha..
How to move the deck chairs around in a closed system.
The Chainlink / SWIFT connection part 1
the comments HAHA !! some guy bought 700k at $2 and GLNK (institutional is over $100)
just google the man in plaid
Video Summary:
An economy involves a transaction (i.e . purchase with money or credit.)
When you buy with money you end the the transaction.
When You buy with credit you accrue cebt.
Demand is best measured by amount of spending, not by quantity of goods.
We go through credit cycle.
Credit is not created via velocity, It is created in thin air.
Eg: Borrow money and promise to pay later , the will increase GDP.
Let says you have 100K and you can borrow 110.
Your Spending of 110K USD is someone's earning income of 110K
Through this cycle debt rises faster than income.
But debt can not rise faster than income forever.
It creates a debt cycle.
Traditionally, you can break debt cycle by 3 ways:
1. Lower interest rates, allows you to borrow more. When you hit Zero can't lower Interest rate any more.
2. When you cannot lower interest rate anymore, you start to delevearging. Deleveraging means you cannot raise debt relative to income any more, so cycle start to work in reverse. If Debt growth is 10% and drops to 5%, there is negative effect in growth. This negative effect in growth creates beginning of depression. Depression involves austerity and debt restructuring. Debt restructuring means lower the rate one way or there. You can transfer from rich too poor. (One way is to write down the debt but the problem is you have negative wealth effect and you cannot borrow wealth. Other ways of debt restructuring can involve lengthen the payment, forcibly lower the interest rate, all of which is painful. This is what makes depression extremely painful. ( Eg Great Depression 1930-32 in US)
3. When you cannot lower interest rates any more and you cannot deleverage any more you come to the last option. Print Money.
In al deleveraging Fed need to print money at the end. Debt write down and austerity are deflationary while printing money is inflationary. When you get the balance of deflationary and inflationary modes correct, you have beautiful deleveraging. Eg of Beautiful deleveraging and getting rid of debt are England after WWII or US in Great Depression. In all of these cases where debt to income ratio came down by getting the right mix. There needs to be enough printing of money that nominal growth rate in GDP has to exceed the nominal interest rate. There is certain amount of debt and there is a certain debt service cost.If the Interest rate ob debt is higher than nominal GDP rate, That debt will keep compounding unless you keep the interest rates down. Most important thing you have enough printing money to produce Nominal growth rate that's above nominal interest rate of rate over a period of time.
What happened in 2007? These templates keep recurring if you study IMF restructuring.
We had unsustainable rate of debt growth. Mistake in monetary policy is that they are targeting inflation and growth. While inflation and growth are important what they really do is produces debt. Monetary policy needs to to target debt growth relative to income growth/sustainability.
What is financially riskier than inflation? Debt growth going into purchase of financial assets is called a "Bubble". Take 2007. A lot of debt growth accumulating for purchasing financial assets. And these financial assets are not able to service that debt. This happened 1929 bubble in US, 1989 Japan Bubble and US 2007 financial crisis bubble.
Thank you for taking the time to summarize! Helped a lot
.
Good stuff. How the US can and will pay down debt is a helluvah lot more important than gender identity or a stale abortion debate... needs more attention and focus overall.
My question is if the feds already slashed rates to 0% and the income to debt ratio is growing with minimal snail pace financial support from the state governments (FL) how as a country are we gonna combat this? I don’t know how comfortable corporate heads would be transferring wealth.
@@BlueAndOrange720 As he said in the video the rate of growth has to exceed the % nominal int rate on the debt. What this pandemic has going for it is the suppression is artificial meaning its not a structural problem with banks or an obligation to defeat Nazi Germany or Imperial Japan. Once the quarantine is lifted many will get back to work though debt laden businesses will be in trouble. WHAT IS NEEDED is a long-term plan that is firewalled from who sits in the oval office to pay off long-term debt a specified % of the annual budget to payoff debt instead of simply spending more Fed funds.
I have no debt, and considerable savings. However, it would be suicide to pay off the debt. The US dollar itself is a debt instrument. Paying off the debt eliminates the capital (in USD) but leaves the interest payable (in USD). Meanwhile, there are no dollars left because we tried to pay off the debt.
The nature of the US dollar makes it impossible to pay off the debt. I always laugh when they debate 'raising the debt ceiling'. It's a big circus pretending that it matters.
I only see 2 possible outcomes. Either we default, or the US dollar is replaced as the reserve currency.
@@yamahantx7005 The dollar is doomed. The world has finally figured it out and has taken the red pill. A variant of the EU will supplant the U.S., not China.
@@veryinteresting2208 ha, the EU is based on nothing, there are no EU bonds that exist. If anything its China and they have much less transparency now so its the Dollar for the foreseeable future.
How do negative interest rates and hyperinflation play a role here? Is it possible to deleverage every single time? is there an end to that cycle as well? Good video friend
He is a master 👌
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We have to grow through hell to get healthy markets. It really is that simple a deleveraging is a nightmare folks.
not if you're prepared
The Chainlink / SWIFT connection part 1
the comments HAHA !! some guy bought 700k at $2 and GLNK (institutional is over $100)
just google the man in plaid
Is the council on foreign relations a third grads level on finance group.
But isn’t debt going up now as well to purchase financial assets, as reflected in carry trades?
Can anyone help to explain the connection between de leveraged and the crisis in UK and US (minute 8.00)?
Forget that. Look this up
The Chainlink / SWIFT connection part 1
the comments HAHA !! some guy bought 700k at $2 and GLNK (institutional is over $100)
just google the man in plaid
He is very clear, he makes this all understandable, but we need solutions, and what does the world system do. thats the question, we need the answer. we need to knock out excessive cycles.
Hey Scotty
Research MMT and open your mind
Bridgewater was the best thing that happened since the sixties
The best of all times...cicle of debt impressive
Ray should have his own Business TV channel ..
Man I’ve never seen somebody explaining so easily what debt is and what money is, I wish I would be a native english so I could fully understand what he’s saying.
Say I wanna build a house, if I have the money in my savings already; should I spend it from there or ask for a loan?
It depends on which is better based on your return.
People including me were bashing him when he said cash is trash.... With fed is doing, cash is becoming trash
The dollar has been trash for quite some time now
Cash has always been trash.
@michael jordan Actually, the swiss franc, japanese yen and norwegian crown are used as safety nets now. The dollar's days are over.
That's the reason why he was saying "cash is trash". He knew what the fed will be doing. Namely printing money and devaluing the dollar.
The saying ‘cash is trash’ means that sitting on cash and not having it invested is something is bad. It’s the same thing as when people say ‘cash is not a position’.
So brilliantly explained. When the hell is the world economy gonna learn you can't centralize decisions on interest rates. We need higher/saner interest rates to encourage more savings so we can better capitalize banks and finance good debts for production and healthy consumption. Instead we're full blown keynesians only living for today because "we're all dead in the long run". That's not a proper or healthy mode of being for the individual. You wouldn't tell your friends, children or loved ones to live in such a manner and most certainly not for an entire economy. The flood is always coming and if we're not prepared as individuals, communities, institutions, corporations, and governments then crises will inevitably turn into disasters.
The ChainLink / SWIFT connection part 1 ! the comments HAHA !!
GLNK Grayscale LINK (institutional ETF) is over $100 or 6x retail
they have done this on purpose ! IQ TEST ??!?
just google the man in plaid
we started this journey over 20yrs ago
hang in there. Nov 2025.
Google wrote about LINK and Cloud services in 2019
Its just an excellent!
10:36 The great student loan (higher ed.) debt bubble of 2020.
Powerful stuff - The main has knowledge
"they'll understand when we power everything. then they'll understand"
just google the man in plaid
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro.
8:10 Can someone offer this great guy a non-contaminated (non-COV19) bottle of water please??
He just tried to pour a whole pitcher into my glass...
Polyester Avalanche did*
I don't get it. He says (at 8:25 ) by printing money the nominal growth rate will exceed the interest rate of debt. My understanding is that printing money does't increase GDP...it increases inflation (by increasing money supply for the unchanged number of goods).
Ha, at the council on foreign relations!
Or as Hillary Clinton once said, "the mothership" where the political elites receive their orders.
The word is austerity.
doesn't work. Look at Europe post 2008 vs USA
The ChainLink / SWIFT connection part 1 ! the comments HAHA !!
GLNK Grayscale LINK (institutional ETF) is over $100 or 6x retail
they have done this on purpose ! IQ TEST ??!?
just google the man in plaid
we started this journey over 20yrs ago
hang in there. Nov 2025.
Google wrote about LINK and Cloud services in 2019
In others words, Debt make spenders "feel" wealth.
Until the debt piles up to a point. The spenders feel anxious. He is right.
After all spend within your means is never being practice by the government.
No, it is strongly encouraged to spend to please the voters.
Keep the status quo. Get elected again...
What a strange world, we live in...
"they'll understand when we power everything. then they'll understand"
just google the man in plaid
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro.
not for long ?
Apparently now debt can rise faster than income indefinitely as long as central banks create more credit without bound. Imagine what would be possible if it was possible to charge savers for saving - oh wait they are doing that too.
"they'll understand when we power everything. then they'll understand"
just google the man in plaid
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro.
Debts are a man's enemy, never go on debt unless it's absolutely necessary.
In the economy without credit, the only way to increase your spending is to produce more. - Seems fair enough to me, there is no such thing as free lunch, you want something, go and produce it.
Money should be backed by real productivity, earned by real productivity - this is good money. When the money is created out of thin air, the creator of money is cheating everyone's productivity by inflation. Do not get me wrong, it is okay for credit to exist, to borrow money. But money should be lent by someone who earned it by being productive, not by creating it out of thin air. So in the end lender is shifting his purchasing power (or his result of being productive) onto the borrower, but in the entire economy the purchasing power stays the same, because no money was created and the credit was created out of existing money, not from money created out of thin air.
This is what you need remember:
good money = earned by productivity or borrowing it from someone who earned it by being productive;
bad money = created out of thin air not backed by real productivity and putting a burden of inflation on everybody (without their consent) who is already productive;
good debt = backed by good money;
bad debt = backed by bad money;
So in the end, in this fraudulent system of privately owned bank called with public name of Federal Reserve Banking creating money out of thin air, it is not about being productive, it is about knowing, which assets will be inflated (increasing in price) after their money creation process. Yeah, and we are here not even talking about fractional reserve banking by commercial banks, which is creating even more money out of thin air.
Beautiful...Bravo.
Good explanation, the thing is that in the daily world it's not that easy. Sometimes like this 2020 crisis we need money fast to recover or not collapse. The problem is when this option it's been used too much. As he said the beautiful deleverage... government must find the balance
He definitely seemed more "Wall Street like" eight years ago
@5:20 lower the debt, which means runaway inflation and a wealth transfer to the elites. OR insanely high taxes. Or both. 2020 and 2021 are going to hurt.
Or pay back debt with gold/silver.
Is he talking about gvt. or private debt? How can you tell?
Read Adam Smith.
Ray Dalio, Mike Maloney, Robert Kiyosaki, Max Keiser and Peter Schift are real teachers.
Buffett
Dex-Earth Channel
Minius Robert Kiyosaki
His books are actually very uninformative, very vague. The only thing learnt was what is assets and liabilities and investing
His main business is his books, talks and courses
He’s not that successful.
Everyone else is good
The ChainLink / SWIFT connection part 1 ! the comments HAHA !!
GLNK Grayscale LINK (institutional ETF) is over $100 or 6x retail
they have done this on purpose ! IQ TEST ??!?
just google the man in plaid
we started this journey over 20yrs ago
hang in there. Nov 2025.
Google wrote about LINK and Cloud services in 2019
Society is conditioned to expect a higher standard of living than what we produce; keeping up with Kardashian’s fed by the media. The slightest bit of pain (austerity) should be numbed out by our central bankers providing access to additional borrowing at lower rates. The outcome will manifest into a pension and retirement crisis.
"they'll understand when we power everything. then they'll understand"
just google the man in plaid
The Chainlink / SWIFT connection part 1 comments HAHA 700k
part 2 is "seat at the family table" meme outro.
How's that 1970's 20% interest rates looking now?
We will see those in our lifetimes. Inflation is a sneaky monster that rears its head well after the money is printed.
@@loveormoney786 most people cannot get it
Original Full interview ruclips.net/video/SFaRazMpxcM/видео.html
This is why we need to abolish the Federal Reserve from existence. Our government should not be force to borrow currency into existence and we shouldn't be forced to pay interest on currency created out of thin air by the Federal Reserve. Abolish the Fed and put the money creation power back in the hands of the U.S Treasury debt free.
the fr likes printing money why are you trying to take that away from them! its not like they are taking away all of our dollar's purchasing power by making more dollars... sarc
Watch:
The ChainLink / SWIFT connection part 1 ! the comments HAHA !!
And just google the man in plaid
Google wrote about LINK and Cloud services in 2019
ISO upgrade started over 20yrs ago
hang in there. Nov 2025.
dalio the king
post 2020 era summed nicely
These people say gold is not money.
Low interest rates encourage companies to hold high debt to equity levels. In a crisis, companies with excess equity can stay in business and recover. In a crisis companies with excess debt... well the taxpayers will borrow on your behalf.
That is what he reckons.
I think he’s got a video on this debt thing , it’s inevitable that we find ourselves deep in the reliance on debt because the modern society runs based on the banking system , banking is another word for liability .... so .... we still don’t know if the modern banking mechanism is a good thing or not , or it’s just a thing , no biggie
Mommy and daddy give you 10 dollars to start a lemonade stand..
And it's produced the 2020 bubble?
Ray should be President.
Very simple - if you print and overdebt you kill the future growth. Like Japan is doing for 3 decades, never comming back to old fast growth. The rest is free market, normal deflation of prices or ideology and Keynesism.
I am not so sure about the point of restructuring the debt. If you write down the debt, it doesn't necessarily mean that you lower your assets' valuations. Actually the opposite is likely to be true. By increasing the chance of your debt being repaid and enhancing new investments, you actually increase your assets' valuations. You didn't lose your wealth through the write of, you lost it before.
Can our overpriced mortgages be restructured?
The flood might come earlier than we think.
Debt. Trying to bring the future into today. And who can always correctly predict the future?
Dude did you just make that up yourself. That's genius. Do you mind if I get that printed on a shirt?
That’s simply brilliant. Permission to reuse it?
@@alexc5369 go fir it
#truth
Debt only works in the banks favor and is a risky financial instrument to utilize because of the simple fact that the fed controls the value of that debt through the inflation and deflation of the US Currency. As deflation occurs, your debt becomes more valuable while the US currency gets more constricted and interest rates go up. At this time, the amount of money you receive from your assets whether it be real estate or a business decreases because there is less money in circulation. If you have inflation the opposite occurs where debt starts to decrease in value as the price of goods and services start to increase because of the printing of money. Debt only makes sense during good economic times and unfortunately investors don't have control over that so it is wise not to utilize it and instead profit off of it by investing in those same companies that take high risks by leveraging high levels of debt during inflationary times while there businesses are at risk during deflationary times.
The question is: in 2011 a beautiful deleveraging was achieves for the US economy after the 2008 financial crisis, notwithstansing this, nowadays we are again expecting another depression which everybody says is around the corner a will end up with the death of the dollar. It seems that what we achieved in 2011 wasnt a beautiful deleveraging but just the postponement of the final crisis and the kicking of the can down the road
So, remove the credit offers. Problem solved.
Yes exactly but for war it's a open check book from Congress then MMT cones into play !! 😖
Ray is a Keynsian who points out the problem with this way of thinking. No central bank and government can get a "beautiful deleveraging", because there are so many variables and moving parts, you can never get it just right.
Without central bank and government policy a depression can get so deep that people can't afford to use the national currency anymore.
I thought credit is money and money alone...
Bond bubble at record historical high in recorded history. Is that a bubble? Yes it is.
no such thing as a bubble in a fixed maturity instrument. what you're referring to is an increase in bond prices due to 1) demographic effects and 2) monetary stimulus. First is an unavoidable effect and second is a conscious choice
@@allen9111 Bubble means record high prices for record small yield, historically speaking over the past 500 years. Using debt as money instead of gold distorts the economy because debt notes are worth nothing, creating a bubble in prices. Debt note price of Dow is up 2,700% from 1966 to 2020. Real US Treasury money price of Dow is down 50% from 28 ounces of gold to 14 ounces of gold, 1966 to 2020. Bubbles distort prices.
@@jackgoldman1 Again, you're referring to a elevated price levels which are different than a bubble. As Samuelson attempted to define, a bubble is a consistent and systemic deviation of market price from market fundamental. Financing economic growth through debt is simply borrowing from the future. If returns on debt investments are significant, current asset price levels are justified and in no sense irrational. Hence, it is common to state that a bubble can only be determined in hindsight. If economic growth increases, these record prices are justified. Bubbles by definition distort prices, yes. The key is determining what is a bubble and what are justified prices and this can only be done in hindsight. There aren't bubbles in bonds because a fixed term instrument will always converge to market fundamental upon maturity.
Watch:
The ChainLink / SWIFT connection part 1 ! the comments HAHA !!
And just google the man in plaid
Google wrote about LINK and Cloud services in 2019
ISO upgrade started over 20yrs ago
hang in there. Nov 2025.
buy bitcoin and short banks
Don't think the debt cycles have to go down this way (this horribly, stealing from everyone with inflation to pay off debt of the irresponsible) if we had an actual free market for loans with accountable lending practices and market based interest rates opposed to federal reserve driven rates. Austrian Economics.
And printing money created the everything bubble in 2020
The bubble was allreadey created before 2020 under Obama especially..
Ray is almost describing MMT. As an extreme capitalist he probably won't admit it but he is.
I think there are two set of rules, one for us and the other for the big banks and the government. If we mess up and don't pay our mortgage or car payments we lose them. If the banks mess up the debt is bounced on the taxpayers and the bankers keep on playing. By next year the country's debt will be around 22 trillion. I haven't calculated it but I bet its more than $50,000. Divided by population each of us owes $50,000. . Since the USA controls the dollar if it has debt it cranks up the printing presses. Let us not forget the sanctified anti-tax, anti-government president, Ronald Reagan, left office with a national debt that was three times larger than when he began. "Deficits don't matter," said former V.P. Chaney. So in a sense the U.S. dollar is funny money today, unmoored to anything real. Its value solely rests on the need and trust the world has for dollars. If it decides the euro or yen are a better form for transactions the reign of the dollar will be over. Since the world's respect and trust in the USA has sorely declined in the past few years the era of American Triumphalism is over. .
my freedom in exchange for my safety. my 140 iq in exchange for 500$ a week. woopty fucking doo.
His just saying. Stop borrowing money if you don’t have a plan to pay it back. Leverage is good if only it is used wisely. Too much debt isn’t the problem, the paying it back is the problem if you don’t have enough cashflow or transactions to come up every end of the month. Leverage is like a loaded gun, it can help you or it can kill you.
Money is the opposite part of debt from created money
they eventually cancel each other out when the debt repayments are done
what happens to debt and money after can't pay, the debt shifted but never disappears until it is payed by someone or taxes I believe.
important distinction there "debt from created money", not any debt
CFR is a scam and I believe this guy is just telling us obvious things everyone already knows and is not talking about the REAL stuff.
Can't lower interest rates, you hit zero...
Germans: "Was !? We lower ze interest rate into the minus !!! Ze everything is completely fine."
😂
Part 2: “Vhat do you mean zat our banchs cannot make a profit vith minus rates? Vhat do you mean our volk are saving even more €uro’s?!”
But Germany is the most indebted country in Europe, they have about 2.5 Trillions in debt and respective debt interest compares to 1.5 Trillions in debt for Spain. What Germany has is a lower debt to GDP ratio and better liquidity ratios, but not debt but that is dangerous, for instance Trump was rightly going to roll over tariffs on Germany on December but it was postpone. and that debt will not go but the income will
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