![]() ![]() ![]() ![]() In starting starting with a simple question – "What is Money?" – Dalio comes away with a number of observations: most money has no intrinsic value it's not wealth and while money printing isn't necessarily bad, central banks always end up devaluing and most currencies are ultimately destroyed. "Through this triangulation, we came away with a richer understanding of how the whole machine works." "They lacked adequate practical understanding of how money and credit work, and I lacked adequate practical understanding of how politics and geopolitics work," Dalio wrote in the 13,000-word essay sprinkled with simple language and bold print in an attempt to make it easier and shorter to read. The billionaire investor and founder of Bridgewater Associates said he's working with both historians and political experts to connect pieces of the past together to better understand the future. "You need to understand how money, credit, and debt work," Ray Dalio writes in his latest post in a series previewing an upcoming book he's titled The Changing World Order. ![]()
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