"I Tried To Warn You" - Ray Dalio's Last Warning For The Economic Collapse Of A Generation

Recorded 11/14/2024 Thanks to our sponsors Goldback: Goldbacks are currency for now, and for the future, get yours at https://impacttheory.co/GoldbackITNov Momentous: Shop now at https://impacttheory.co/MomentousITNov and use code IMPACT for 20% your new Momentous routine. Netsuite: Download the CFO’s Guide to AI and Machine Learning for free at https://impacttheory.co/NetsuiteITNov If you want my help... STARTING a business: https://tombilyeu.com/zero-to-founder SCALING a business: see if you qualify here: https://tombilyeu.com/call -- Get my battle-tested strategies and insights delivered weekly to your inbox: Sign up here https://tombilyeu.com/. Welcome to another thought-provoking episode of Impact Theory with Tom Bilyeu. Today, we're diving deep into the cyclical nature of societal problems with renowned investor and philanthropist Ray Dalio. Ray sheds light on how educational disparities and social issues in places like Connecticut perpetuate cycles of underachievement, while discussing the broader implications of economic policy and geopolitical dynamics. From innovative reform initiatives akin to a "Manhattan Project" for the economy to the importance of bipartisanship and tackling the unemployment crisis, Ray provides a comprehensive analysis of our current challenges and opportunities for a better future. Additionally, we'll explore the intricate dance between self-sufficiency, global trade, and modern monetary theory. Join us for a compelling conversation that bridges economics, education, and the quest for meaningful, long-term societal reform. Stay tuned and get ready to be inspired to think big and aim high. 00:00:00 - Economy as a Chessboard 00:01:38 - International Order Dynamics 00:03:08 - Preparing for International Conflict 00:05:03 - America First Policy Explained 00:07:19 - Fragmented Global Policies 00:12:17 - Economic Independence and Conflict 00:17:47 - Modern Monetary Theory Explained 00:20:01 - Inflation and Debt Instruments 00:21:33 - Goldbacks: Protecting Wealth 00:22:53 - Prioritizing Education and Civility 00:27:25 - Risks of Non-Compromising Policies 00:30:26 - Impact of Government Size Reduction 00:32:50 - Addressing Displaced Workers 00:39:46 - Market Optimism and Economic Signals 00:41:40 - Technology's Role in Job Disruption 00:43:09 - Disparities in Job Opportunities 00:47:44 - Education's Influence on Society 00:55:03 - Challenges in the Education System 00:56:34 - Resource Allocation in Education 00:59:31 - Value Systems in Education Reform 01:01:25 - Charitable Giving Initiative 01:05:39 - Holiday Shopping with Charitable Gifts Ray Dalio, societal cycles, underachievement, Connecticut education, dropout rates, absenteeism, incarceration budget, educational disparities, teacher accountability, educational funding, lack of resources, charter schools, strong value system, modern monetary theory, creditor-debtor relationship, self-sufficiency, chip production, tariffs, Manhattan Project for the economy, national debt, inflation, bipartisanship, political dynamics, immigration policy, trade policy, technology competition, BRICS nations, technology war, dollar dominance, education reform, PISA scores, technological job disruption. Trump Economy