After the great reset
-
Yahoo Finance's Julia LaRoche sat down with Ray Dalio founder, co-Chief Investment Officer and co-Chairman of Bridgewater Associates to discuss capitalism, the wealth gap, why the education system is not working for some, millennials, bitcoin and more.
#RayDalio #Billionaire #YahooFinace
For the latest 2020 election results please visit:
Election results: https://www.yahoo.com/elections
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Premium please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV-
- 1
Francisco Gimeno - BC Analyst Another excellent interview with Ray Dalio. The depth of his knowledge, explanations with historical data and strong opinions, give us a lot of material to think. The financial world is changing, and not necessarily for good. Capitalism and society are also in the throes of change. New technologies, social points of view and political realities are marking the change. Are we prepared?
-
-
Is a capitalist-sociality economy inevitable?
Watch the newest video from Big Think: https://bigth.ink/NewVideo
Learn skills from the world's top minds at Big Think Edge: https://bigth.ink/Edge
----------------------------------------------------------------------------------
What will the economy of the future look like? To answer that we must first consider the current trajectory and the ways in which modern capitalism operates, who it benefits, and if it is sustainable.
In this video, historians, economists, and authors discuss income and wealth inequality, how the American economy grew into the machine that it is today, the pillars of capitalism and how the concept has changed over time, and ways in which the status quo can, and maybe even should, change.
"It's not that hierarchy is bad," says John Fullerton, founder of Capital Institute, "it's that hierarchy where the top extracts from below is definitely bad and unsustainable." He says that the modern capitalist system works this way, and that it perpetuates the cycle of growing inequality.
----------------------------------------------------------------------------------
TRANSCRIPT:
ANAND GIRIDHARADAS: Wealthy corporations and people love to ask the question: What can I do? What should we do? What can we start? What program could we launch? I would say to the billionaire change agents and corporate social responsibility departments of our country: Ask not what you can do for your country. Ask what you've already done to your country.
TIMOTHY SNYDER: The United States is a country which is among the least equal in the world. According to Credit Suisse, which is a Swiss bank and not some kind of crazy left-wing organization, we are second in the world in wealth inequality after the Russian Federation. In the United States since the 1980s, basically 90 percent of the American population has seen no improvement in either wealth or income. Almost all of the improvement in wealth and income has been in the top ten percent and most of that's been in the top one percent and most of that has been in the top 0.1 percent and most of that has been in the top 0.01 percent, which means that not only are people not moving forward objectively, but the way they experience the world—and this is very powerful—is that other people are on top.
JOHN FULLERTON: Living systems have what are called healthy hierarchies—so it's not that hierarchy is bad. It's that hierarchy where the top extracts from below is definitely bad and unsustainable. So, take the lion in the forest or in the jungle. The lion is at the top of the food chain, but the lion sits around sleeping most of the day rather than eating and killing all day. And the lion, therefore, serves a very healthy hierarchical purpose in the food chain keeping the herd, keeping the balance between smaller animals and larger animals. But when the king of the jungle decides to extract as much as possible for its own benefit, you have a very unhealthy system. And unfortunately, that pretty well describes how the modern capitalist system works, where there are benefits of scale; the bigger get bigger, they get more powerful, they get more political influence. But their intention is to maximize shareholder value because that's what we do. So, the cycle of growing inequality is sort of locked into the system design.
GIRIDHARADAS: Before you want to start something of your own—a little private, unaccountable venture—do an audit. What do you pay people? Do you pay people enough? Do you use subcontractors to avoid responsibility for those workers? Do you pay benefits? When do your benefits kick in? What do you lobby for in Washington? Do you lobby for things that make everybody have a better life in America, or do you lobby against social policies that would cost you something? What's your tax avoidance situation? Do you happen to be this earnest company that wants to change the world? I mean, is this company paying its full measure of taxes? Does it use tax havens? Does it do the double Dutch with an Irish sandwich tax maneuver? Does it send money to the Cayman Islands and then back and do all this complex routing?
ALISSA QUART: Now to be middle class, you might not be able to have a summer holiday. You might not be able to own your home. You certainly wouldn't have two cars. What interests me is also we had this idea of the middle class as a solid thing and now it's a shaky thing. We also had this idea in the middle of the twentieth century of it as a humdrum, boring thing that we wanted to escape, kind of like Revolutionary Road, Richard Yates. And now it's like everyone just wants to get into it, into the dream, the American Dream of the middle class that's now so unstable. One of the things that happened was unions weakened. It used to be that 30 percent of employees were in unions in the '60s and now it's...
Read the full transcript at https://bigthink.com/videos/is-a-capi...-
Francisco Gimeno - BC Analyst Interesting conversation. We live in disruptive and transformative times, even in a very possible re-set time. The old ideologies in crisis, capitalism, socialism need to change into something anew which answer the needs of a new social and economic 4th IR paradigm. We all should participate in this change. Be safe, but be aware.
-
-
Are we heading in to hyperinflation, deflation, or inflation? In this video I show where all three of these conditions are already growing rapidly throughout the world. How can all three occur simultaneously and what does that mean for a coming stock market crash?
What can we do about it? Preceding Nazi Germany hyperinflation in the Weimar Republic we saw the same conditions as we are now seeing in Venezuela, Argentina, Lebanon, Iran, Zimbabwe and many other countries today - more countries are now in hyperinflation than any other time in history.
TIMESTAMPS:
Introduction: 00:08
Are we heading into Deflation: 00:32
Singaporean and Chinese Deflation: 01:03
Japanese Digital Yen & (Bank of Japan) Government Intervention: 01:34
European Union Deflation: 02:11
U.S Deflation: 02:38
Why is Deflation so Bad? (Recessions, Interest Rates & Printing Money): 02:51
Productivity and Prices? (Food Shortages): 04:06
Asset Inflation (Stock Market Speculative Bubble): 04:52
Unemployment: 06:31
Hyperinflation (Weimar Republic): 07:02
Hyperinflation Records Today (100 Countries, Venezuela, Argentina, Lebanon): 08:57
Africa (Zimbabwe, Nigeria, ): 12:24
What do I do?: 15:00
How Many Countries Are In Risk Of Debt Default (IMF Record, World Bank Data): 16:02
Four Phases of the Collapse and Restructuring: 16:42
What do I do if I'm in a more developed economy: 18:57
Diversify: 19:08
Cashflow is King: 19:27
Hedge Local Risk with a Global Strategy: 19:45
Subscribe!: https://www.youtube.com/user/rogerham...
---
Where will you be in 10 years?: https://www.youtube.com/watch?v=Zu5T4...
5 steps to Flow: https://www.youtube.com/watch?v=n6Qbg...
How to design your perfect day: https://www.youtube.com/watch?v=vL1SP...
Find your Unique Genius: https://www.youtube.com/watch?v=FH50m...
---
Roger James Hamilton is a futurist, social entrepreneur and New York Times Bestselling Author of the Millionaire Master Plan. He is the founder of Entrepreneurs Institute and the creator of the Wealth Dynamics, Talent Dynamics & Genius Test Profiling Systems, used by over 250,000 entrepreneurs to follow their flow.
---
https://www.rogerjameshamilton.com-
Francisco Gimeno - BC Analyst Listen to this awesome video. Hamilton explains to as as it is what s going to happen, and wherever you see is the same. Nobody can escape from it. There is a terrible disruption and there is going to be an economic reset, on short and middle term. Be aware, be informed, don't follow the FOMO. Please watch this. Even if our anxiety levels are up during 2020, we can't hide from the truth.
-
-
What future are we headed towards? Are we heading towards Yuval Noah Harari's Homo Deus, George Orwell's 1984, or Aldous Huxley's Brave New World? Throw me a comment, give some feedback, or just say hi below!
TIMESTAMPS:
Introduction: 00:00
Information on each book: 00:37
AI Symbiosis & Neuralink: 01:04
George Orwell's 1984: 01:40
Aldous Huxley's A Brave New World: 02:05
Side by Side Comparison (Comic): 02:33
Who's right and what future should we fear?: 03:38
China & 1984: 03:56
Articles on China: 04:20
Articles on America: 05:09
China vs America, Excess Control vs Excess Out of Control: 07:05
Equally Orwellian American Story (Palantir IPO): 07:19
What is Palantir (Minority Report?): 07:39
Chinese Distraction Economy: 09:03
How can we navigate between these two dystopias? (Homo Deus): 09:47
Yuval Noah Harari's Uncanny Crisis Prediction: 11:00
21 Lessons for the 21st Century (Truth vs Post Truth): 11:58
3 Steps You Should Take (Information on me): 12:30
Self Education: 13:11
Ikigai (Your Reason For Being): 14:14
Positive Skepticism: 14:47
Distraction, Repression & Hubris: 15:00
Wisest Middle Path from Ancient Philosophies: 15:10
Inner Freedom (Man's Search for Meaning): 16:28
Wrap Up: 17:23
Subscribe!: https://www.youtube.com/user/rogerham...
---
Where will you be in 10 years?: https://www.youtube.com/watch?v=Zu5T4...
5 steps to Flow: https://www.youtube.com/watch?v=n6Qbg...
How to design your perfect day: https://www.youtube.com/watch?v=vL1SP...
Find your Unique Genius: https://www.youtube.com/watch?v=FH50m...
---
Roger James Hamilton is a futurist, social entrepreneur and New York Times Bestselling Author of the Millionaire Master Plan. He is the founder of Entrepreneurs Institute and the creator of the Wealth Dynamics, Talent Dynamics & Genius Test Profiling Systems, used by over 250,000 entrepreneurs to follow their flow.
---
http://www.rogerjameshamilton.com-
Francisco Gimeno - BC Analyst The comparison of big philosophical concepts by Huxley, Harari and Orwell is awesome. Are we living in a mix of all of these concepts? Do we have a future, what is the truth? Should we look for own our personal truth? It is easy to be afraid, anxious, paralysed. Humans can adapt, make the best of it, overcome everything. Prepare for disruption, think about a better vision. "Your truth becomes your compass".
-
