Ray Dalio Finally Explains The Big Debt Catastrophe<br /><br />Raymond Thomas Dailo is an American Investor Billionaire and Hedge Fund Manager, He has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He has authored books - Principles for navigating big debt crisis, Principles for dealing with the changing world order: why; and so on.<br />An Economy is not a complicated thing, it just has a lot of moving parts. But the basic is that there’s a transaction. And that transaction simply means somebody makes a purchase; They make a purchase of a good, or a service or of financial assets, that purchase can be made with money or credit. If money -n when you make a purchase with money - you end the transaction, you don’t know anything. When you make it with credit, then there’s a liability you have to come up with the money, because a credit, like debt is an obligation to deliver money. <br />So, there’s a basic transaction. They are spending. in other words, the total amount of money and credit spent on a good or service; and then there’s the item that you are buying, a stock, a bond, a car, a bushel of wheat; there’s that transaction. Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods. What is give up in a purchase is money or credit. <br /><br />Video Producer ➡️ Nikit Bassi | <a href="https://www.instagram.com/nikit_bassi/" target="_blank" rel="nofollow">https://www.instagram.com/nikit_bassi/</a><br /><br />Copyright Disclaimer<br />Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. <br />Non-profit, educational, or personal use tips the balance in favor of fair use.<br />...<br /><a href="https://www.youtube.com/watch?v=TMoiy0JAz6M" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=TMoiy0JAz6M</a>