This is the second of a three part series on my reaction to Ray Dalio's Principles for Dealing with the Changing World Order. This part mainly deals with the variables that make a country a rising world power, and why he is way too high on the prospects of China.

#raydalio #china #investing

Chapters:

0:00 Introduction

5:00 Dalio's Experience Trading Currency Devaluations

8:00 Default

13:00 Income Inequality

19:00 The Cycle of Changing World Order

Citations:

Dalio's Original Video: https://www.youtube.com/watch?v=xguam0TKMw8&t=1122s

Share of SWIFT payments by currency: https://www.statista.com/statistics/1189498/share-of-global-payments-by-currency/

China Overtakes US in Patents: https://roboticsandautomationnews.com/2020/08/17/china-overtakes-us-as-worlds-leading-patent-generator/35240/

Global Military Spending Stats: https://www.axios.com/countries-highest-military-spending-us-china-48102c49-7dd7-4215-a24b-1d31947cf373.html

Dalio Comparing CCP to a strict parent: https://federalinquirer.com/ray-dalio-defends-investments-in-china-despite-human-rights-abuses-ccp-behaves-like-a-strict-parent/

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Seeking Alpha: Nicholas Pardini

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