I’ll hunt down the original, but if you have 40 minutes the video below is the one to watch. Dalio has a different ordering of historical reserve currencies; he says it’s the US dollar, then before that the British pound, then before that Dutch Guilder.
Incredibly well done video from @RayDalio [link] It will take a lot of work to reverse this trend.
Ray Dalio's video on the changing world order is a must-watch. It paints a clear picture of the potential US decline v rise of China. - Rise in populism - Cracks in democracy - Loss of productivity - Money printing - Culture war It is all in here.
it’s honestly so well done. it’s truly incredible that videos like this are freely available
This is the most impactful 45 minutes (20 at 2x) you can spend to understand the history and the future of the modern world.
i recommend watching or reading some of Ray Dalio's thoughts on this matter:
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I believe the world is changing in big ways that haven’t happened before in our lifetimes but have many times in history, so I knew I needed to study past changes to understand what is happening now and help me to anticipate what is likely to happen.
I shared what I learned in my book, Principles for Dealing with the Changing World Order, and my hope is that this animation gives people an easy way to understand the key ideas from the book in a simple and entertaining way. In the first 18 minutes, you’ll get the gist of what drives the “Big Cycle” of rise and decline of nations through time and where we now are in that cycle. If you give me 20 minutes more to watch the whole thing, and I will show you how the big cycle worked across the last 500 years of history—and what the current world leading power, the United States, needs to do to remain strong.
I hope you find it valuable and look forward to hearing your thoughts.
You can buy the book on Amazon (https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276/?maas=maas_adg_7DC54053C269F971F2D2F3288B35474D_afap_abs&ref_=aa_maas&tag=maas) or in bookstores nationwide.
1:33 - How I Learned to Anticipate the Future by Studying the Past
8:00 - Changing Orders
11:38 - The Big Cycle
18:26 - 500 Years of Big Cycles
18:45 - The Rise
26:16 - The Top
32:01- The Decline
39:39 - The Future
For more videos on The Changing World Order, view this playlist: https://youtube.com/playlist?list=PLykIL_1_MFWkYsR0EyZHU_3zlUK8ZNoYH
For more from Ray:
Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb
Principles for Success, distills Principles into an easy-to-read and entertaining format for readers of all ages: https://amzn.to/34lgnNJ
Download his free app: https://principles.app.link/PFS
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