Eps 560 - Ray Dalio and the Breakdown of the World Order

The seeds of destruction of the world's global order were sewn in 1944 at the Bretton Woods conference. Government plans that were hatched there led directly to the IMF and the World Bank. The people of the United States were locked into a trajectory that would ultimately collapse in failure, why? The answer could explained this way. To carry out a system of coercion and force, it must appear to work, at least for a while. If not, the people won't support it and it wouldn't last long enough to pass on to future generation to carry on the deception. But these schemes always collapse in failure because they are man's attempt to evade reality. To escape the discipline that life naturally imposes on human beings. As Bastiat said, the LAW is perverted so that the few can plunder the many. The problem is that we ended up promoting democracy where everybody votes and now everybody plunders everybody. It's all an attempt to escape the inevitable. There is no free lunch and man must provide for himself and his family. WE have let collectivism and guilt get the best of us and it is coming to a rapid end.

Ray Dalio on CNBC on the Structural Issues with the World Order

https://www.youtube.com/watch?v=WeKu1D1qSR8