Ray Dalio: Our System Is in Jeopardy - Debt, AI & the Cycle That Destroyed Rome

单集文稿 ...

• 00:00

  Ray Dalio, welcome back to the All In Podcast.

• 00:02

  Third time's the charm.

• 00:04

  Thanks for being here.

• 00:04

  It's always a blast to be here.

• 00:06

  Thank you for having me.

• 00:08

  The last conversation we had was so popular and it was so timely

• 00:12

  because it was just a few days actually after the inauguration of President Trump.

• 00:17

  And you had provided some very kind of prescient outlooks for the administration that I think we all thought would be very helpful to get on the record.

• 00:26

  At the time, you had highlighted and as you have been for some time,

• 00:32

  this great debt cycle we're in,

• 00:34

  the fiscal and monetary policy issues that are driving that debt cycle,

• 00:39

  and provided some input that if we were able to cut our deficit to GDP to roughly 3%,

• 00:48

  we may have a shot at a smoother transition here.

• 00:53

  Today, the CBO estimates that the 2026 deficit to GDP is about 6%.

• 00:59

  If you were building a global financial system from first principles today,

• 01:10

  you wouldn't build it on 50-year-old legacy rails.

• 01:13

  You'd build Airwallex.

• 01:14

  It's the single platform for global accounts,

• 01:16

  cards and payments that treats the entire world like a local market.

• 01:21

  Stop paying the legacy tax.

• 全部文稿