The Changing World Order

He is a billionaire hedge fund manager. The stock market is not the economy. He is no economist. Success in the stock market does not mean any knowledge or expertise in the economy as a whole.But seems right up your alley. More bullshit from a narcissistic billionaire.

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Four years ago, Ray Dalio threw at us a great big book of windy wisdom called “Principles.” He defined the title word as “fundamental truths that serve as the foundations for behavior that gets you what you want out of life,” a definition that seemed to promise a great deal, given that the author was the founder of Bridgewater Associates, the planet’s biggest hedge fund. The book was a treatise on the means to a successful life, written by a man so accustomed to being “admired and, above all, consulted” (to cite Zola on a character from his novel “Money”) that Mr. Dalio was apparently unfazed by his lack of expertise in ethics or philosophy. Faintly absurd was the fact that “Principles” doesn’t contain a single name in its index. Given its title, you’d have expected, at least, Aristotle, the Buddha, Christ or Spinoza.
In any case, “Principles” was a resounding hit—Amazon’s No. 1 business book for 2017, prompting Mr. Dalio to produce “Principles for Navigating Big Debt Crises” a year later. Now, with “Principles for Dealing With the Changing World Order,” he completes his trilogy of omniscience, putting forward sweeping explanations for why some nations succeed and others fail. Again he appears to dangle before the reader the promise of self-improvement, even financial gain. His purpose in writing a book about geopolitics, he says, “is to pass along what I learned that has helped me and that I believe might help you.”
“The Changing World Order” contains some valuable insights, but these are offered alongside numerous instances of triteness and truism, not to mention a more than occasional whiff of Chauncey Gardiner, the character in the film “Being There” whose humdrum utterances are mistaken for sapience. The book kicks off with the assertion that “the times ahead will be radically different from those we’ve experienced in our lifetimes, though similar to many times in history.” (I ran this fluffy line by a college student in my household. “Safe bet” was his response.) Later Mr. Dalio tells us of “the two things about war” about which we can be most confident: “1) that it won’t go as planned and 2) that it will be far worse than imagined.” Such vapidities turn up every fifth page or so, none more worthy of what millennials call a face-palm than his telling us that populists “are much more extreme than moderates” or that countries “hadn’t been invented yet” in the year 1500. (“Instead there were big family estates called kingdoms.”)

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Mr. Dalio’s doctrine is that history is cyclical, a “perpetual-motion machine.” Great nations experience Big Cycles that swing between “peaceful and prosperous periods of great creativity and productivity” and “depression, revolution, and war periods when there is a lot of fighting over wealth and power and a lot of destruction.” He identifies three cycle-types as key: the cycle of good and bad finances; the cycle of order and disorder within a country; and the cycle of external order and disorder. Periods of “boom and bust and peace and war,” Mr. Dalio writes, are “like the tide coming in and out.” You can’t help thinking that there’s a certain fatalism in his belief in the ineluctable “cycles” of history...

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So, do you really need to fetishize history in order to be a successful investor? Surely not, judging by the great amounts of wealth that have been made by moneymen with a less Daliolithic outlook. With his overdrawn generalizations and all-encompassing abstractions, Mr. Dalio strains much too hard to persuade us that he’s not just a wildly successful businessman. He craves recognition as a polymath who has constructed a model for how the world works and as an all-American Renaissance man in the age of Xi Jinping.

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Read the whole thing. Really shows what a vapid ass Dalio is.‘Principles for Dealing With the Changing World Order’ Review: Trouble Ahead, As Usual - WSJ

You understand nothing about economics and monetary theory. The dollar has replaced gold. Gold is pegged to the dollar not the other way around.Where does he state the dollar will tank? and please show us the numerous times it has in history.

Robert Reich, Paul Krugman. The fedboard are not liberals. They also seem to be threading a good course right now. Unemployment is low and inflation seems to be tamed.

He thinks these wealthy shelysters are giving him good advice, because it is a youtube video. He refuses to understand that gold has no intrinsic value and is a horrendous investment vehicle. He touted crypto as a way to keep the govt from taxing.
Billionaires pay next to noting in income tax, but the poor, handicapped and mentally ill are the problem in his view. He truly shows the Christian right mindset. He buys into what I call the right wing pecking order view of society. To them ones value is based upon abusing those below you on the wingnut socioeconomic scale. Fuck you, I got mine.
Nice christian values they have. Phat and they are proud of those values. As a US citizen and as a human being he disgusts me.

So you and the rest of the gold bugs know more than every reputable economist, bank and financial firm? That the Dems held back the MAGAt insurgency will prevent any instability that might have caused that. Again and as always you provide no facts or evidence to back your crazy wild ass assertions.
Pegged was the wrong term I meant valued. Goods and services are not priced by gold, they are priced in dollars and other fiat currencies. That includes gold which is merely a commodity, not a currency. Commodities are a terrible thing to base an economy on as they are subject to speculation and manipulation. See Hunt brothers and silver.
Gold has no intrinsic value. Its value is based upon a belief of value. It has very little actual use.You stated earlier that Still no answer to this
Where did Dalio say this and when has this happened? Were you lying again? Did what?
The guilder was not on the gold standard until 1873. Any collapse of the guilder in history is directly tied to the loss of status as a world empire or due to wars(Napoleanic). The guilder was a not a fiat currency it was always pegged to silver or gold until 1936 and it remained stable until the Euro changeover. They just finished a world war. Irrelevant unless you can actually make an argument tying the result to fiat currency. Please show any evidence for any of this. Please show any evidence for any of this. Complete faith and credit of the United States of America. Much more stable than a commodity subject to market manipulation. Irrelevant, but nice to see your anti-USA fervor. I notice the currencies of Theocracies suck. Go you.

We should float boats on something better than water. Water is not stable.

You may read a lot but you seemingly understand little

Reich is a leftist, progressive and liberal as are all pro-unionist. You are just pro your union. Fuck everyone else. You got yours.

I want to know about his gold. Did he buy actual gold or gold funds? If actual gold does he have it or is he paying to have it stored?

Are you that so unself-aware or are you lying now? You have multitudes of posts attacking the poor. All you care about is protecting your tiny little slice. Fuck those lower on the ladder.

No, I have watched your posts for years you regularly attack the poor and praise the rich. Fact, not an assumption. This argument truly has always astounded me. Tell me how they are going to get more of your money. The government is funded by taxes. How else should they be funded? What digital currency? Do you think we should all walk around with slivers of silver and gold? Do you understand what a bail-in is? Why should investors' money always be protected? Again you assert with no evidence. Provide evidence about this "system".

You are evil and vile. Why do you assume that you would not be one of the starving people? If the economy were that bad taxes would be one of the least of anyone's worries. No, it is up to the government. The government is not instituted to protect the wealth of individuals, it is instituted for the good of the whole. Feeding the starving is good for society.

Because we have to protect rich people's money? That is what Phat wants.

Do you own gold?

Depends on so many variables that what you are saying is silly. Do you have commodities you trade? Do you understand what capital gains are? WTF? Please send me the source for this. I think you may be misunderstanding something. His EO was to start exploring the possibilities and what they would mean. There is by no means a push. Do you think the government should put its head in the sand and pretend that this is not an issue that they should know and prepare for? Whwn was the last time you sold stocks, bonds or commodities?