TD₿: Principles for Dealing with the World Order (a video) by Ray Dalio
TL;DR Record-high debt levels coupled with money printing are two tell-tale signs of what happens when empires fall.
Hey Bitcoiners,
Ray Dalio made some news this week when his hedge fund, Bridgewater Associates, was rumored to be planning its first allocation to “crypto” via a fund.
Now obviously this isn’t as good as buying spot bitcoin, but it’s a sign that the largest hedge fund in the world is finally taking this asset class seriously.
Over the years, Ray Dalio has been a baffling figure to many bitcoiners because he deeply understands many of the problems plaguing our financial system, and yet he failed to see how Bitcoin is a viable solution.
With this recent news, along with other comments over the past year, it appears Ray has finally started putting in the work.
I think Ray’s recent book concerning the “Changing World Order” is vital to better understand the long-term cycles and dynamics at play here.
This weekend, take some time to watch his short film where he walks through what happens when empires rise and fall (03/02/2022).
Bitcoiners will probably disagree with Ray's conclusion in this video, but he's warming up to Bitcoin, which is a positive development.
We live in extraordinary times…and understanding historical precedence is important to learn how to navigate through these choppy waters.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“The tools that we need to help push the pendulum of power back towards the individual exist today. They just aren't widely known or evenly distributed.” - Marty Bent, Founder of Tales from the Crypt and Venture Partner at Ten31
Meme of the Day
(h/t @IIICapital)