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Ray Dalio: Global Economic War Has Begun! | Can Bitcoin Win? | Bitcoin Simply · Simply Bitcoin

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  Are we in your judgement, in a moment in which the world order
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  is going to? Change.
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  Yes, we're changing the world order.
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  If you don't know who that is, that's Uncle Ray Ray.
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  Ray Dalio, the CEO of Bridgewater, who's been known
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  for analyzing and predicting the economic cycles that the major
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  superpowers of the world are in. And right now, he believes that
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  the US and China are in the middle of a geopolitical and
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  economic War, One that he's not so sure that the US is going to.
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  Win. And so we have a conflict and
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  there are five kinds of wars and they start in this order just
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  sequentially, typically a trade war, a technology war, a
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  geopolitical influence war, then you get into a capital and
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  economic warfare, which we are now with sanctions.
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  The signs are all there. Earlier this month, President
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  Xi, President Putin, President Modi and the president of
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  Kazakhstan all stood in solidarity, sending a clear
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  message to the US. We will no longer stand aside
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  while you continue to manipulate the world's currency and
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  economic system. the US dollar hegemony might be on its last
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  leg, and the US knows it. It's urgently trying to create a
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  new, new system to continue its dominance in the new global
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  world order, and Bitcoin is at the center of it.
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  We're going to show you exactly what's happening and what things
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  you need to pay attention to as this global economic war begins.
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  This is Dante Coca Bitcoin. Simply, let's go.
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  We're in the midst of a changing world order.
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  And how do we know? Are we in your judgement, in a
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  moment in which the world order is going to change?
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  Yes. We're changing the world order,
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  OK? In 1945, we started the new
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  world order. What I mean is, over throughout
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  history, there's a fight for control because there's no world
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  court that you go to and plead your case.
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  And so there's a fight for power.
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  So there's a war, and then the winners come out of that war and
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  the winners set the rules. And so 1945, the United States
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  had 80% of the world's money. Gold was money at the time.
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  It had half the world's GDP. It had a monopoly on military
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  power. So the US set the world order.
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  That's why the United Nations is in New York.
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  Washington, DC has the IMF and the World Bank.
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  And its currency became the reserve currency and its.
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  Currency became the reserve currency because of that.
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  That set of circumstances, OK, things evolve, things change,
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  OK, over history. So the three big things that are
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  changing now that haven't occurred in our lifetime is the
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  amount debt and money creation, which affects the value of money
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  and you could see it affecting what's going on every day large.
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  Debt means the printing of money, right?
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  The large debt puts, puts central bankers in a choice.
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  Do you pay it back with hard money or do you pay it back with
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  printed devalued money? And if you pay it back with hard
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  money, it's hard. In other words, that's when you
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  have debt crisis. So in all cases, they eventually
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  print money and that produces inflation, right?
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  So that dynamics the first. And that's the place we are at
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  this moment. There's very little that anyone
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  can say to argue with this. the US raise the debt ceiling back
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  in July because they always raise the debt ceiling because
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  we always hit it. And since then, they've already
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  printed. Estimates say $1.5 trillion,
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  give or take. This train will not stop.
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  They have to continue printing money or admit the system's
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  broken. And this is allowed for China to
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  become the global superpower. China has now become a world
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  superpower that rivals the US in terms of economic power.
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  And the third is the rise of a great power to challenge the
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  existing great power. In other words, I, I gave you
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  the example, have the United States was so dominant in 1945,
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  Now it's not as dominant. It is not dominant, in other
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  words, China and the opposition is as strong as the United
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  States States and its allies. And so we have a conflict and
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  there are five kinds of wars, and they start in this order
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  just sequentially, typically a trade war, a technology war, a
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  geopolitical influence war. Then you get into a capital and
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  economic warfare, which we are now with sanctions.
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  They always happened in history. And then there's a military war.
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  And so you could see that progression happen through time.
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  And that creates a template. And so I like to look at the
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  template and then plot dots to see how we're transpiring
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  relative to that template. In China, since the great
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  financial crisis has seen the writing on the wall as their
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  gold reserves have more than tripled since 2008.
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  They continue to be the biggest and most active buyer of gold in
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  the world. It's sort of like they know
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  something's wrong with the existing system and now they're
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  seeking to create alliances with their partners in Russia, with
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  India and Kazakhstan to make them a global superpower that
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  rivals the West. They will have the energy
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  resources, the production resources and the labor
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  resources all within a single geographic region.
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  And therefore this creates the condition as to why they not
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  need the United States as much. And the US is deciding to fight
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  back geopolitically with its partner, the UK, which they've
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  already created the euro dollar with in conjunction with the US
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  dollar to flood the global markets with dollars across the
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  world. And recently, they just signed
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  the USUK technology pact, saying that we will be the global
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  superpower in terms of technology because the United
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  States recognizes that it needs to continue to control the
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  financial center of the world, which used to be London.
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  And then it's the United States if they can't control all of the
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  production, all of the labor, and all of the energy resources.
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  The US is also using tactics like putting a $100,000 price
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  tag on H1B visa workers in order to slow down the economic
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  prosperity of people that are coming from adversarial
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  countries. Thank you, Mr. President, One of
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  the most abused visa systems in our current immigration system
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  has been the H1B non immigrant visa program.
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  This is supposed to allow highly skilled laborers who work in
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  fields that Americans don't work in to come into the United
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  States of America. What this proclamation will do
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  is raise the fee that companies pay to sponsor H1B applicants to
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  $100,000. This will ensure that the people
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  they're bringing in are actually very highly skilled and that
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  they're not replaceable by American workers.
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  So it'll protect American workers, but ensure that
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  companies have a pathway to hire truly extraordinary people and
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  bring them to the United States. We need workers, we need grant
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  workers, and this pretty much ensures that that's what's going
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  to happen, I think. Sean, do you agree with it?
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  Well, they're $100,000 per year. So the whole idea is no more
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  with these big tech companies or other big companies.
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  Train foreign workers. They have to pay the government
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  $100,000, then they have to pay the employee.
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  So it's just non economic. If you're going to train
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  somebody, you're going to train one of the recent graduates from
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  one of the great universities across our land.
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  Train Americans. Stop bringing in people to take
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  our jobs. That's the policy here, $100,000
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  a year for H1B visas and all of the big companies are on board.
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  We've spoken to them about the Golden.
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  Card they. Love it, they love it, they
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  really love it. They need.
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  It. These are non kinetic acts of
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  aggression. But make no mistake, this is
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  geopolitical and economic warfare.
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  Just like Ray Dalio mentions. the US understands it cannot
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  fight tomorrow's war as a global economic superpower without
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  creating a new digital crypto ecosystem that it can continue
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  to maintain its U.S. dollar hegemony beyond what it
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  currently can with the physical system.
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  And This is why Brian Armstrong, the CEO of Coinbase, believes
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  that Bitcoin is going to hit $1,000,000 by 2030.
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  The genius. Act, which passed recently
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  provided had clear rules for crypto stable coins.
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  This was a historic piece of legislation and the Trump
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  administration did an incredible job pushing this forward.
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  Of course, both President Trump himself who said that he wants
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  the United States to be the crypto capital of the world and
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  folks like, you know, Senator Haggerty and David Sachs and a
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  number of people came together to pass that.
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  There's now one more piece of legislation that, as you said,
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  got bipartisan support in the House already and now it's being
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  debated in the Senate. And this is what we call market
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  structure legislation, which just simply means it's covering
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  all of the non stable coin crypto assets, things like
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  Bitcoin and ethereum. It's resolving some of these
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  outstanding issues from the last administration that got
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  weaponized by people like Gary Gensler trying to go after the
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  crypto industry because it wasn't clear where these are
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  commodity, where they are security.
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  So this legislation is making great progress.
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  I've never been more bullish on the chances to get it passed
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  into law. This freight train has left the
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  station and, and there's people on both sides of the aisle in
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  the Senate that are eager to get this legislation put on the
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  books. Now, this hasn't stopped the big
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  bank lobby from coming in trying to throw a wrench into things.
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  They they actually want to go in and ban rewards on stable coins.
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  And that was already settled in the prior Genius Act that I just
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  mentioned. But I'm not too worried about
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  it. The senators we spoke to aren't
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  really going to entertain reopening that issue.
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  And so hopefully this legislation gets passed into law
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  very soon. Well.
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  Listen, this is one of the. Rare.
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  Topics that. Congress comes together on and
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  if Bitcoin hits $1,000,000 by 2030, you're going to wish that
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  Don't sell your Bitcoin more so than the appreciation of Bitcoin
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  in the price appreciation of Bitcoin as the US wants to prop
• 9:34
  up the value of Bitcoin as it creates this new system just
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  like I did with gold in 1945 well, what's going to happen
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  that is also makes Bitcoin a good investment beyond this is
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  the dystopian world that we're moving into the people
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  manufacturing the new dystopian system even understand that
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  Bitcoin is the only thing outside of the system, hence
• 9:53
  making it valuable people like Sam Alton.
• 9:56
  I'm excited about Bitcoin too, but I think this idea that we
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  have a global currency that is outside of the control of any
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  government is a super logical and important step on the tech
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  tree. Bitcoin is beyond the system and
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  believe me, as we enter into this new economic and
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  geopolitical war, well governments are going to want
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  more control over the money system that continues to break.
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  1 great example of this is in Vietnam where the government
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  seized over 86 million accounts, wiping out the funds from the
• 10:27
  accounts of people who didn't elect to opt in for their new
• 10:31
  digital ID biometric system. This caused a flood of people
• 10:35
  who couldn't pay for normal everyday goods to opt into the
• 10:38
  system. And not even a month ago in
• 10:40
  Thailand, the government or the Bank of Thailand froze 3,000,000
• 10:44
  accounts saying that it was looking to crack down on fraud
• 10:47
  in the system. And in the name of the next
• 10:49
  crash, major governments and central banks are already
• 10:52
  talking about central bank digital currencies, like
• 10:54
  Christine Lagarde, the leader of the EU central bank, who's
• 10:57
  talking about research and the next financial crisis in crash
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  as if it's going to happen. It's just a foregone conclusion
• 11:04
  and what they're going to do in response to for this next crash.
• 11:08
  The next financial crisis and the question mark is intended to
• 11:11
  express that we're not trying to trigger, to provoke, but to
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  actually do everything we, we we can to anticipate, prevent and
• 11:19
  examine what the circumstances are that would actually trigger
• 11:22
  such a a crisis. And I think we must keep 2
• 11:25
  points in mind when thinking about the topic.
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  First, throughout the post war era, the global financial system
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  has been in constant transformation, and the pace has
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  only accelerated with advances in technology.
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  And 2nd, what appears new often simply reflects old risks,
• 11:46
  except with a different costume and in a different form.
• 11:51
  And here I'm reminded of Professor Carmen Heiner and
• 11:55
  Kenneth Rogoffs and the history of financial crisis.
• 11:59
  This time is different. The book's subtle subtitle,
• 12:03
  tellingly, is No, It's different, says 8 centuries of
• 12:09
  financial folly. After 8 centuries of experience,
• 12:13
  I think it's fair to say that this time it is never different
• 12:18
  and that is why research plays such an important role in
• 12:20
  helping to safeguard financial stability.
• 12:23
  If you don't believe the government's intervening with
• 12:26
  social surveillance systems is going to happen, well, check out
• 12:28
  this case in the UK where the police came and knocked on the
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  door of a household of a girl who had viewed something online
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  saying that they needed to seize her phone.
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  What we What was it? Sorry, I don't like the camera.
• 12:41
  You can have a body Cam, I could exhibit that to you.
• 12:43
  I just don't like the camera really.
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  OK, well, I'm doing this because this is my own house and I am
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  telling you why I'm so I just need to know why.
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  Why? Why would she?
• 12:52
  She's basically viewed a post which is not a an arrestable
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  offence. Yeah, OK.
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  Happened. In May and you're completely
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  fine. The only.
• 13:00
  Thing is, yeah. We need to seize the phone at
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  this current moment. Yeah.
• 13:04
  The phone needs to get seized from us otherwise we will
• 13:07
  escalate this fibre so. But with a voluntary.
• 13:09
  So have you seized anyone else? Is she the only child you're
• 13:12
  picking on? Have you spoken to anyone else?
• 13:16
  No. We'll, we'll come to the station
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  now, do you? Mind letting her?
• 13:20
  Yes, does have to. Get further escalation.
• 13:22
  Unfortunately, that's fine. We'll come to the station now.
• 13:24
  The. Phone isn't seized right now and
• 13:26
  we're not able to basically get the phone.
• 13:28
  We'd have to escalate this further.
• 13:30
  Yeah, which means your your daughter will get arrested.
• 13:33
  For what you in the social media post is that I need.
• 13:36
  To go with that. In order to No, absolutely not.
• 13:38
  Shall we do to prevent? Description of evidence.
• 13:43
  I'm. Sorry at.
• 13:45
  Least that's fine. I would like you to leave now.
• 13:48
  I'd like you to leave. OK?
• 13:51
  I have nothing more to say to you.
• 13:53
  A social media post. I've got nothing more to say.
• 13:56
  I'd like you to leave. You've harassed this child
• 13:58
  enough. I'd like you to leave.
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  The police actually entered this woman's house and confiscated
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  the phone under the threat of future action if she didn't
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  comply. But what actual fight would you
• 14:09
  have against something like this happening in your country, your
• 14:12
  place of residence, or where you live if you didn't have anything
• 14:15
  outside of the existing digital banking system?
• 14:18
  And This is why we advocate for of the Bitcoin way.
• 14:20
  They will help you pull your money and your assets out of the
• 14:23
  existing system so that in the event of something like this
• 14:26
  happening, well, you'll be prepared.
• 14:28
  You'll be sovereign over your assets and your generation of
• 14:30
  wealth. Schedule a free 30 minute
• 14:32
  consultation with the team at the bitcoinway.com/simply
• 14:35
  Bitcoin and ask how would I even guard against a situation like
• 14:39
  this in the future? Their coaches and their team are
• 14:41
  going to have some pretty good answers.
• 14:43
  What hedge do you have against the US no longer being the
• 14:46
  global hegemonic U.S. dollar driven power that controls
• 14:50
  everything happening around the world at all times Well, I have
• 14:53
  one answer that it seems to be a pretty good hedge in a lot of
• 14:56
  different scenarios, which is Bitcoin and let me break it
• 14:58
  down. If the United States prints
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  money because the train won't stop well, you win if the US can
• 15:04
  successfully move away from the old Fiat dollar rail system that
• 15:07
  exists today and implement a new crypto digital based system,
• 15:11
  well, you win. If the US is no longer the
• 15:14
  global dominant power, but there are other global players that
• 15:18
  are the powers, well, you're need a global money, you win.
• 15:21
  If the world moves to a dystopian digital ID biometric
• 15:25
  based payment system, well, you win.
• 15:27
  Just a thought. And while you're thinking, you
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  We're entering into a new world and a new dynamic.
• 15:47
  And the question isn't if it's happening, it's already
• 15:49
  beginning. But are you prepared?
• 15:51
  This is Dante Coke with Bitcoin. Simply hay stacking.