How The Economic Machine Works by Ray Dalio | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
Economics 101 -- "How the Economic Machine Works." Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur. To learn more about Economic Principles visit: http://www.economicprinciples.org. [Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk [Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE
Comments
-
How would this model fit to a world with no notion of production?
-
this video is an invaluable asset to teaching people how to handle their own personal economies as well as how to react to a depressing or even straight up failing economy. I wish I had this explaination so much sooner but I can actually use this knowledge now! Thank you!
-
I think this video is a large scale scam. Debt never considered good. Income is a good thing. Productivity, innovation, labor, etc. Why banks should take advantage of the whole country economy by lending money not even theirs and a large portion of it is created out of nothing but on the faith of your government which trusts you as a taxpayer. You are really poor guys.
-
Duuude, stahp. Fucking Bridgewater. Google Bridgewater. Fucking do it. Goooooogle it.
-
I think this might be the best video on youtube.
-
taxation is theft
-
its economy of socialism. fail.
-
this video is wrong
-
So, if you dont pay your workforce it all falls apart...."incomes rose"? Lol, really? Lol. Wages and benefits have been stagnant or in decline since 1970. what a crock of shit. All explained by a greedy capitalist. The stock market does not reflect the state of the economy. It reflects profit and greed. Not one word of predatory banking. The only way to build a healthy economy is to pay your workforce well enough so they can spend and acquire credit. Period. Look at 1910-1970. What did we do right.? We started gov programs, let unions flourish and taxed the shit out of the rich.
-
nice
-
The danger with debt it seems to me then is the instability that it can cause which might be a too heavy burden on the human psyche which in turn might result in violent/forceful behaviour.
-
roschild NWO let,s kill it
-
Very well done propaganda,,,,,
-
Thanks Ray!!
-
Printing money is not the key to economic growth, and history agrees.
-
awesome, but there are some other key points that could be explored in a second video: how much money there really is vs. the extra bebt created by interrest, how that balences out? its not just paying it back, its paying it back with interest, someone in the game is not gonna be able to pay it cause theres more debt than actuall currency.... can you explain that to me?
-
Our 'credit' economy only became larger after the super rich big business owners got political clout and repressed wages and unions. That ramped up a LOT in the 70's, after the unrest of the 60's, when the greedy got worried about 'the power of the people'. The greedy had already ensured that public school education equated socialism with communism, and did NOT teach us that many other countries already had free healthcare, free education, great maternity leave, paid vacations of 4-6 weeks per year, and so on. They sure did NOT want American workers to demand those things. When wages were repressed, then the super rich could offer easier credit so they could make more money (interest) from the plight of the workers!! They never miss a trick, and they always tell LIES about why things are the way they are. (We even had FREE COLLEGE here for about 100 years until the wealthy saw that more people wanted an education, so they figured a way to give us 'loans' to go to college; they pretended the government could not fund the colleges, so people wanting to go would have to pay. Same old crap they do about EVERYTHING!!) http://www.nationofchange.org/2016/04/21/free-college-worked-us-100-years-elite-took-away/
PLUS - technology has now increased productivity but will less labor, but all the PROFITS are going to very few at the top, leaving Americans without enough full-time, decent-paying jobs. This is why Basic Income is being discussed - not just here, but in many countries, because the pathologically greedy managed to push for unregulated capitalism which is seeing a failure in most of the Western world countries.
If you want better info about how our economy CAN and SHOULD work, listen to Stephanie Kelton, Warren Mosler and others. Since 1971, when we went off the gold standard, our government has been able to print all the money it needs. And guess what? A government DEFICIT is actually GOOD FOR THE ECONOMY, since it means that the money the government put out is STILL OUT as a credit in the non-government economy!!
Yes, we have been told lie after lie after lie to keep us down, and we should have had healthcare for all, free education, GOOD WAGES and benefits, etc., as so many other countries have had for DECADES! Richest country in the world - and the pathologically greedy at the top lie, cheat, steal, defraud, and give us propaganda to keep us down and struggling so they can feel superior, and make money from the wars and oil, etc. smh -
Unemployment isn't paid by the government - it's paid by a worker's former employer. Unemployed people may depend more heavily on other government subsidies, such as food stamps, but their "Unemployment Pay" comes out of business costs, not taxation.
-
Not clear how credit disappeared before they started printing new money. How did they destroy the old money?
-
So basically the hole notion of credit is whats fucking us up economically? I mean if you produce more you are richer, not if you borrow more, because you are not making a genuine transaction but instead you are buying with credit and no real money.....That can sum up things pretty well?