Ray Dalio: I Predicted The 2008 Crash, I Know What Comes Next

About this episode

The man who predicted the 2008 crash says the warning signs are flashing again! Ray Dalio, founder of the world's largest hedge fund, reveals why we are in an AI bubble, why the US has already entered its decline, and what he thinks is coming next. Ray Dalio is the founder of Bridgewater Associates, which he grew from his two-bedroom apartment to roughly 150 billion dollars under management. He is the author of ‘Principles,’ ‘Principles for Dealing with the Changing World Order,’ and ‘How Countries Go Broke'.  He explains: ◼ Why he agrees we are in an AI bubble, and what actually makes bubbles burst ◼ Why he believes cash is the worst place to store your money over time ◼ The five forces behind his "big cycle”, and where he thinks we are now ◼ Why he says the US and UK are already in the decline, and what comes next ◼ What AI will do to jobs, and who ends up on each side of the wealth gap The views expressed are those of the guest, and this conversation is intended for general informational purposes only. It should not be taken as financial or investment advice. Chapters 00:00:00 Intro 00:02:35 The AI Bubble: Are We Heading Toward an Economic Collapse? 00:12:17 Why Economic Bubbles Burst—and How to Prepare Before They Do 00:16:45 How to Diversify Your Income Before the Next Downturn 00:23:14 How to Secure Your Financial Future With Little or No Savings 00:27:52 Bitcoin vs. Gold: Which Asset Better Protects Your Wealth? 00:30:06 Who Will Be the Biggest Winners of the AI Revolution? 00:34:48 Will AI Replace Human Workers Faster Than We Expect? 00:43:18 Will AI Create Enough New Jobs to Offset Job Losses? 00:48:15 What Would You Tell Your Kids to Do Right Now? 00:58:44 Can Higher Taxes on the Wealthy Really Reduce Inequality? 01:03:47 Is the UK in Decline—and What Would Turn It Around? 01:08:41 Where Should Young Entrepreneurs Build Their Business Today? 01:11:06 Does a 2% Wealth Tax Actually Work? 01:13:11 The 80-Year Cycle: Are We Entering the Collapse Phase? 01:14:52 Can the Next World Order Have More Than One Superpower? 01:20:08 What the Iran Conflict Could Mean for the New World Order? Follow Ray: ◼ YouTube - https://link.thediaryofaceo.com/2DcHBpW  ◼ Instagram - https://link.thediaryofaceo.com/9F19ATa ◼ Website - https://link.thediaryofaceo.com/KIidwS ◼ LinkedIn - https://link.thediaryofaceo.com/2kZZnHp ◼ Substack - https://link.thediaryofaceo.com/A3pSLe3 You can find out more about Ray Dalio’s personality test, here: https://link.thediaryofaceo.com/4GnqnN5  The Diary Of A CEO: ◼ Join DOAC circle here - https://doaccircle.com/ ◼ Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ◼ The 1% Diary is back - limited time only: https://bit.ly/3YFbJb ◼ The Diary Of A CEO Conversation Cards: https://linkly.link/2hm7r ◼ Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼ Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Wispr - Get 14 days of Wispr Flow for free at https://wisprflow.ai/steven  Ketone - https://ketone.com/STEVEN for 30% off your subscription order