Paul Volcker & Ray Dalio | State of the US Economy & Government

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Principles by Ray Dalio

Principles by Ray Dalio

Күн бұрын

I sat down with one of my greatest heroes, Paul Volcker, to talk about the state of the economy and U.S. government as well as learn about the principles that guided his incredible career. We also discuss the decline of civil service and how Paul hopes to revitalize the field with The Volcker Alliance by working with universities and the government to train people effectively and efficiently and minimize the bureaucratic hurdles that deter people from pursuing government jobs.
The Volcker Alliance: www.volckeralliance.org/
Paul's book, 'Keeping at It, The Quest for Sound Money and Good Government': www.amazon.com/Keeping-At-Que...
For more from Ray:
Principles | #1 New York Times Bestseller: amzn.to/2JMewHb
Buy his new book, Principles for Success: amzn.to/34lgnNJ
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Download his free iOs app: principles.app.link/PFS

Пікірлер: 881
@too-oldforthischet8463
@too-oldforthischet8463 Жыл бұрын
Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@Green-ed7wq
@Green-ed7wq Жыл бұрын
I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.
@hobbs252
@hobbs252 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@kozovski6628
@kozovski6628 Жыл бұрын
@@piercejordan5335 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@AmandaMichelle.
@AmandaMichelle. Жыл бұрын
@@piercejordan5335 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply.
@chadmiller1222
@chadmiller1222 5 жыл бұрын
It's amazing how clear minded and sharp he is at 91 years old.
@user-wi3yx3gy2o
@user-wi3yx3gy2o 5 жыл бұрын
It’s the cigars
@kirilmihaylov1934
@kirilmihaylov1934 5 жыл бұрын
He is quite old already...I thought he is younger
@barrettl2473
@barrettl2473 5 жыл бұрын
It's the complex thought, the problem solving. And perhaps some good genetics and general lifestyle choices.
@PRATEEK30111989
@PRATEEK30111989 5 жыл бұрын
I guess people with aims and accomplishments in life never run out of energy to share their experiences and be enthusiastic about their learning either good or bad.
@timbump1850
@timbump1850 5 жыл бұрын
If only his principles weren't greed and expansion, then the earth might have retained its species and forests, this guy is close minded
@modernfinance785
@modernfinance785 4 жыл бұрын
Historical Interview. RIP Mr Volcker, a true hero of economics and a great man who did a lot of good in this world
@anthuanramani7672
@anthuanramani7672 4 жыл бұрын
z. .
@markbyrne5910
@markbyrne5910 4 жыл бұрын
@@anthuanramani7672 q
@RicardoGomesRodrigues
@RicardoGomesRodrigues 3 жыл бұрын
The idea that World War II has recovered the World from 1930' recession is not right . By the end of 1943 begining 1944, the signs of recovering were in place. By early 1945 to the recession was over and by the mid to end of 1945 economy was booming and recession was over. The negative phase of a cicle had begun in 1920 which positive phase had crashed in 1929 due to high bids in Wall Street had finally being exausted in 1945. Now, high bids in oil prices that have jumped from $5 to $138 in 2008 added to this the hyper investments in Comunist China crashed the economt worldwide mercelessly. The idea of new Bretton Wood when we are in full growing negative phase of a econonic cicle started in 1973 is ludicrus at least
@rajratanwavhle6913
@rajratanwavhle6913 2 жыл бұрын
@@RicardoGomesRodrigues l
@rajratanwavhle6913
@rajratanwavhle6913 2 жыл бұрын
@@anthuanramani7672 x
@Tom-yu9if
@Tom-yu9if 2 жыл бұрын
Imagine having Ray hold you in such high reverence. Shows truly how important this man was.
@gregoiredevet6787
@gregoiredevet6787 5 жыл бұрын
That anyone with an internet connection can have access to a conversation between such great minds, regardless of /her/his background/ education/political belief/ place of residence is simply mind-blowing. This is Harvard level conversation accessible to all. Lovin'it.
@sunriseeternity300
@sunriseeternity300 Жыл бұрын
Very true. #enjoylife
@viktorjanssen2197
@viktorjanssen2197 Жыл бұрын
Top tier comment. Thank you
@traderinput
@traderinput 5 жыл бұрын
A True Legend, a true honor to listen to him again
@kevinbelcher5241
@kevinbelcher5241 5 жыл бұрын
I hope you're referring to Ray. Central Bankers #1 goal is to deplete the middle class, and give it to the .1%, and they've been wildly successful.
@roggie77777
@roggie77777 5 жыл бұрын
You are truly brainwashed. America's Dirty Secret is The federal reserve is a privately held, part Foreign Corporation, that is not part of the federal government and has no reserves. They borough money to the government from an empty account and Americans pay taxes to pay that interest on currency they didn't have. The US treasury could print the same money for free with no interest for its citizens with no interest. We pay 500 billion per year in interest to a criminal Cartel. WHY?
@davidsummit9851
@davidsummit9851 5 жыл бұрын
When these men said they like Hamilton the video was over for me their Marxist
@EFFbriskethead
@EFFbriskethead 4 жыл бұрын
yeah it was awesome when he jacked up rates to 18% and caused a recession all by himself.
@kaimanyu586
@kaimanyu586 Жыл бұрын
@david, smart people learn from every one.. If you think you can't learn anything from them because they are Marxists, it just shows your ignorance and stupidity... 100% sure your achievements come nowhere close to what these 2 have achieved.. You could even learn from criminals and beggars too, but not if you're a closed minded person..
@bellamarley9455
@bellamarley9455 5 жыл бұрын
Ray, you're such a great listener. So admirable.
@tomcads1604
@tomcads1604 5 жыл бұрын
I think it is a virtue you'll find in all people as smart as him
@kirilmihaylov1934
@kirilmihaylov1934 5 жыл бұрын
@@tomcads1604 he is very smart ...
@holdened
@holdened 5 жыл бұрын
yeah the opposite of Gary Vaynerchuk who keeps interrupting people
@HowardARoark
@HowardARoark 4 жыл бұрын
Its a very good quality. Somewhere in the Bible it says "He who is too eager to speak, there is little hope for him" - that's very interesting thought !
@drobi4056
@drobi4056 4 жыл бұрын
That is why he is great speaker too.
@mstr.monopoly
@mstr.monopoly 5 жыл бұрын
"For an old government man like me, it doesn't look very good," - Paul. He seen so much in his life that when someone like Paul is doubtful of America's future we should all be preparing for the worse.
@davidchoimusic
@davidchoimusic 2 жыл бұрын
Great interview, what a privilege to hear from this man. My take aways & notes: - The framework in which to look at our country is similar to a corporation that has strong systems, leaders, & employees in place. - We need to bring honor and prestige back to working for the government/the people and getting things DONE ethically. - Government needs to attract & recruit great leaders to lead people in improving our nation. - Our parties are too divided and are against each other. This is a problem. We need to find ways to work together for the greater cause. - Great countries point to a single great leader. - There was once a time when people trusted the government. Even 60-70% is great. Now it's much lower. - Ethical standards have decreased. There is a negative correlation between corruption & productivity. We need to fix this. - Mr. Volcker didn't think we were headed in the right direction as a country. He was right.
@undivided_unified
@undivided_unified Жыл бұрын
dude ... thanks!
@maxxleonard9399
@maxxleonard9399 Жыл бұрын
Well…. When you have useful idiots voting for democrats and rinos/weak republicans for fifty years…. This is what you get !
@tylerwinkle323
@tylerwinkle323 4 жыл бұрын
RIP the only Fed chair who ever completed a tightening cycle. Volcker was the monetary hero we needed but didn't deserve.
@shuzhenyan4458
@shuzhenyan4458 2 жыл бұрын
powell said he looks up to Paul. Hopefully he can do it too this time…
@chachachacha4879
@chachachacha4879 2 жыл бұрын
@@shuzhenyan4458 too late Volcker wouldn't pussy out for several months just so the markets don't throw a hissy fit.
@thehylianloach9473
@thehylianloach9473 2 жыл бұрын
@@shuzhenyan4458 Powell needs to look himself in the mirror, grab his balls, channel Tall Paul and do what needs to be done in respect to the interest rate.
@stomachfat
@stomachfat 5 жыл бұрын
When you watch your hero watch his hero < 3
@roggie77777
@roggie77777 5 жыл бұрын
You are truly brainwashed. America's Dirty Secret is The federal reserve is a privately held, part Foreign Corporation, that is not part of the federal government and has no reserves. They borough money to the government from an empty account and Americans pay taxes to pay that interest on currency they didn't have. The US treasury could print the same money for free with no interest for its citizens with no interest. We pay 500 billion per year in interest to a criminal Cartel. WHY?
@roggie77777
@roggie77777 5 жыл бұрын
@@dr.magnanimous8973 do you not understand that we pay nearly 600 billion dollars in interest/ 1/8 of all taxes collected to a private cartel which is the Federal reserve. Why doesn't the US Treasury create the currency. With 22 trillion dollars in debt most of that comes from paying interest on money the US borrows from the Federal reserve who writes a check from an account that doesn't exist. do you not understand that the US Treasury could just print that same amount of money and save 600 billion dollars a year. That is its job as stated by government and the Constitution why are we paying interest to a private bank
@roggie77777
@roggie77777 5 жыл бұрын
@@dr.magnanimous8973 Paul volcker ran a private bank that is financially enslaving Americans. We could almost eliminate the yearly debt just buy the US Treasury creating the currency which its has legal authority to do
@skratchmyass
@skratchmyass 5 жыл бұрын
... You can't knock Volker's intellect... But yes... The FED is a completely corrupt, and illegal organization, as is the fake currency we've been fooled into putting our faith in.
@timbump1850
@timbump1850 5 жыл бұрын
My hero is the guys saving the planet, planting forests and helping to maintain species, I'm sorry but greed does not cut it for me
@vegetariankitchenmagicaljo4948
@vegetariankitchenmagicaljo4948 2 жыл бұрын
I was amazed how Paul's mind as sharp as a pin at the age of 91! RIP Mr Volcker! The world would be a better place if there are more public adminstrators in governements like you.
@chukim8012
@chukim8012 5 жыл бұрын
What a great economic mind Mr. Volcker has and such a skilled and highly competent civil administrator. A master bureaucrat, in a good sense. Excellent interview.
@viktorjanssen2197
@viktorjanssen2197 Жыл бұрын
Listening to this in 2022 is a treat. RIP Legend.
@afdave7
@afdave7 5 жыл бұрын
I thank both of these men for their faithful and humble service to the US, and their world. We need more men like this.
@dariusashouri2439
@dariusashouri2439 4 жыл бұрын
we dont
@judgedredd8876
@judgedredd8876 Жыл бұрын
No, we need ZERO central bankers since the Fed is illegal according the US Constitution. The States are to mint money and ONLY from silver and gold. That's the Law of the Land Mr. Volcker!
@chrisE815
@chrisE815 4 жыл бұрын
RIP... Thank you for putting together this valuable interview Bridgewater.
@m.r.5379
@m.r.5379 Жыл бұрын
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy, bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
@beltran3353
@beltran3353 Жыл бұрын
@Lam Pard Please can you leave the info of your investment advisor here? I’m in dire need for one
@kangtian9586
@kangtian9586 5 жыл бұрын
Chad Miller 1 个月前 It's amazing how clear minded and sharp he is at 91 years old.
@aGr3atD4y
@aGr3atD4y 11 ай бұрын
It's so great to watch 2 brilliant minds conversing about important topics so candidly. And Volcker still has such a sharp mind at that age!
@BIGGELATO
@BIGGELATO 4 жыл бұрын
Damn he passed away on the 8th this month just a few days ago. RIP thank you for sharing knowledge and the book
@gerardvong
@gerardvong 5 жыл бұрын
Ray is my hero and now I get to hear his hero truly blessed going out to buy his books
@BAdventures
@BAdventures 5 жыл бұрын
Good interview. A wealth of experience. Keep doing these principal based interviews.
@mariomader8850
@mariomader8850 5 жыл бұрын
Why is Wisdom wasted on our old age when some of us no longer have the energy or the will to make meaningful change happen? What a wonderful elder Mr. Volker.
@iloveamerica4891
@iloveamerica4891 2 жыл бұрын
I love Paul Volcker. Thank you for teaching. God bless you. God bless America.
@CaptainPlanet007
@CaptainPlanet007 5 жыл бұрын
This man wealth of knowledge and experiences is indeed priceless in the financial industry of the past and our times. A living legend!
@Danesar
@Danesar 4 жыл бұрын
Just got to love those guys: Smart, ethical and dedicated.
@GregDubela
@GregDubela 5 жыл бұрын
Such a blessing to be able to listen to this.
@roggie77777
@roggie77777 5 жыл бұрын
America's Dirty Secret is The federal reserve is a privately held, part Foreign Corporation, that is not part of the federal government and has no reserves. They borough money to the government from an empty account and Americans pay taxes to pay that interest on currency they didn't have. The US treasury could print the same money for free with no interest for its citizens with no interest. We pay 500 billion per year in interest to a criminal Cartel. WHY?
@joemcintosh6604
@joemcintosh6604 3 жыл бұрын
Such an amazing interview. So many of Paul’s words though they came out light and spirited, you can imagine carried the immense weight of experience.
@ooohhh4178
@ooohhh4178 5 жыл бұрын
What a great idea to make this in a podcast form Vs a Tv interview of a few min screaming... got new lessons and another person to follow, Tnx Ray.
@syncmeandroid
@syncmeandroid 5 жыл бұрын
@22:12 most interesting part of the video, how Volker defeated inflation at the end of the 70s
@johndonohoe689
@johndonohoe689 5 жыл бұрын
Thank you Ray, much needed wisdom and leadership advice
@ianceasarbonachita
@ianceasarbonachita 5 жыл бұрын
Thanks, Ray, for sharing this learning experience.
@hnyahoo
@hnyahoo 5 жыл бұрын
Ray, thank you for doing this kind of interview with truly great leaders in US and around the world as their principles will live on long after they are gone but their experiences are so valuable lessons to be learned.
@dedemorris1691
@dedemorris1691 5 жыл бұрын
Great interview thank you for introducing me to Mr.Volcker and his incredible work.
@safetyology
@safetyology 5 жыл бұрын
This has been one of the most eye opening interviews I've seen in a very long time! Mr. Volcker is someone everyone should listen to. I'll be reading his book right after I finish Principles! Thank You.
@gregoryfriday6242
@gregoryfriday6242 3 жыл бұрын
I to am a big fan of ALEXANDER Hamilton. He died for this country, a mercantile eonomy for the constitution and for the honor of his word. Il) stand on my word even unto death.
@nobushan4100
@nobushan4100 5 жыл бұрын
Paul’s remark starting from 17:37 reminded the book “The Fifth Risk” by Michael Lewis. Our mainstream media failed to educate the public the details of what each of these government department/administration do and how our current and future lives are impacted.
@markkaminsky4943
@markkaminsky4943 5 жыл бұрын
Glad to see you on KZfaq Ray, great video!
@skyblue021
@skyblue021 5 жыл бұрын
If Ray could live another lifetime, what a value this man gives to humanity. Thank you.
@chocolatier9597
@chocolatier9597 5 жыл бұрын
Indeed. His new book is available for free on the Principles website.
@balboa-capital
@balboa-capital 5 жыл бұрын
Need more interviews from Ray! Amazing discourse
@mktwatcher
@mktwatcher 5 жыл бұрын
Definitely Fantastic - We're all very lucky he was able to record this.
@hamptonslongisland9917
@hamptonslongisland9917 5 жыл бұрын
Well done gentlemen.
@wearewaves3106
@wearewaves3106 5 жыл бұрын
Fantastic. Thank you for a great guest and interview Mr. Dalio.
@hailo1884
@hailo1884 5 жыл бұрын
Paul Volcker - The last central banker with a spine.
@Fernandez.Alexis
@Fernandez.Alexis 4 жыл бұрын
What do you mean? (I am not a native English speaker)
@Jensth
@Jensth 4 жыл бұрын
@@Fernandez.Alexis Spine = integrity
@rimpompin
@rimpompin 4 жыл бұрын
He was the fisrt to of bilderberg meetings
@rimpompin
@rimpompin 4 жыл бұрын
@@Jensth he had no intefrity he s for one world order
@gplor55
@gplor55 3 жыл бұрын
@@rimpompin how do u know?
@parkerbohnn
@parkerbohnn 4 жыл бұрын
Thee Honorary Paul Volcker is thee man!! Long live Paul and his legend/legacy.
@goldilockszone4389
@goldilockszone4389 5 жыл бұрын
So many of these legends who I wish I could meet sometime in my life
@erikbossard2635
@erikbossard2635 2 жыл бұрын
Epic! RIP mr. Volcker. Wouldn't we all love to have the man analyse the present situation. So much has changed already.
@indosurftours
@indosurftours 2 жыл бұрын
Appreciated this sit down immensely. We won’t let you down mr Volker
@tigreytigrey8537
@tigreytigrey8537 2 жыл бұрын
We: "hold my covid"
@sagemulkey9890
@sagemulkey9890 2 жыл бұрын
2 Legends. God bless. Thank you for spreading this wisdom
@frankagliotti3626
@frankagliotti3626 Жыл бұрын
A great conversation between Paul Volcker and Ray Dalio. Pearl's of wisdom. I love their character - humility and integrity.
@ADPTraining
@ADPTraining 2 жыл бұрын
Fantastic interview, had no idea Ray was a great interviewer.
@JaySean777
@JaySean777 2 жыл бұрын
A man with sense that works hard and has follow through. Inspiring, thank you Mr. Volcker for your public service and time invested to help the people of the world.
@maxxleonard9399
@maxxleonard9399 Жыл бұрын
Dude, he got payed ….
@alane3983
@alane3983 5 жыл бұрын
A remarkable interview with one titan by another. I hope more people will watch this.
@josephmena2676
@josephmena2676 2 жыл бұрын
Wow a truly inspiring and refreshing history lesson. Thank you Ray
@uwewalter2416
@uwewalter2416 Жыл бұрын
Paul A. Volcker's father created a foundation with his well-structured management of the small town of Teaneck in New Jersey from 1930 to 1950 that can still be felt 70 years later. Good management creates a constructive climate in a society. Thanks for sharing this insights with us.
@andrewcameron4277
@andrewcameron4277 2 жыл бұрын
Thank you for both of you ... A teacher for my financial future and a future of hopefully my government
@guillermohernandezquintana3649
@guillermohernandezquintana3649 5 жыл бұрын
Thanks! for inviting Mr. Volcker to share his principles about the effective governance as the legacy from his long record. The right management comes when promoting the right people in the right job. As mentioned, people (the right) with the vision to see the future for the common good, aware that some tough decision should be made for offering a virtuous future. But when those players do not represent well their roles (Government, public or private companies, and society as a whole), they will make a short term decision (not aiming the root cause) for being happy with their party and politically correct, which will create new problems in the future, raising the level of entropy. Polarity is becoming the barrier for being focused on solving problems, more concerned in the acceptance from the close circle group (boosting the biases) than the good work entitled by the position (contributions).
@carloseduardonaranjosuarez5917
@carloseduardonaranjosuarez5917 Жыл бұрын
Amazing person Mister Volcker is, clear-minded, such a lucid person, hiis ideas still perdure today, thank you very much
@DS-qz8xb
@DS-qz8xb 5 жыл бұрын
Thank you for doing this interview with one of the nations great men.
@derMcSven
@derMcSven 5 жыл бұрын
Thank you so much Ray!!! This truly is great work for us to learn from. I have read all your books and recommended principles to all my friends and family
@ThePorschefan
@ThePorschefan 5 жыл бұрын
I also recommend principles to everyone! And his 30 min. video of how the economic machine works, let's be friends, we obviously share the same principles :v
@tomschneider7555
@tomschneider7555 5 жыл бұрын
As much as I value Ray Dalio’s knowledge and successful career as a investor that truly understands global markets, it’s not obvious to me that he is also a great interviewer. Volcker has a clear mind even at old age, but we all need guidance and precise follow up questions, otherwise we just keep on rambling on and on. It’s interesting to listen to Volcker but ultimately a missed opportunity to get to the pressing issues of today and how he would have approached them as A decision maker.
@parkerbohnn
@parkerbohnn 4 жыл бұрын
I live up in Canada I remember the glory days riding in the back of chauffeur driven limousines, cruises around the world, hundreds of sports cars and vacation properties all because of Paul Volcker. Long live Paul Volcker the greatest person ever born to planet Earth. To this day I still have large framed pictures of Paul Volcker on the walls of all my homes.
@slipknot73745
@slipknot73745 4 жыл бұрын
parkerbohnn 🎵🆒sarcastic canada guy, he's so sarcastic 🆒🎵
@joseavs
@joseavs Жыл бұрын
Absolute wonderful. Thank You. A great lesson for all the human kind.
@ADPTraining
@ADPTraining 2 жыл бұрын
Love your book. Bought it immediately. I don't own books anymore, it's all PDF Ebooks, Thanks.
@vidwana
@vidwana 4 жыл бұрын
Great clarity of thinking from the master, Paul Volcker. Ray - you are an artful interviewer - this was a great pleasure to watch. Thank you. I sincerely hope our government listens and improves its act. I fear that's not going to happen - it will be unfortunate if we in the US fail to learn from the past and slip down from our current position in the world.
@husamabed6527
@husamabed6527 4 жыл бұрын
i can not stop listening to these smart guys! Blessings.
@POST-IK
@POST-IK 5 жыл бұрын
Thank you, Ray Dalio. You are my hero. Paul Volcker is A very nice teacher about life and economy.
@yvesrebetez8895
@yvesrebetez8895 2 жыл бұрын
So sharp and so on topic and with such clarity and accuracy - truly remarkable
@lizgichora6472
@lizgichora6472 Жыл бұрын
Always a pleasure to have Wisdom amongst us. Very informative and helpful, he's outstanding, cherishing integrity. Thank you Ray Dalio.
@jeanso4723
@jeanso4723 3 жыл бұрын
You two person are the great person in this world, beyond being economics.
@nda1864
@nda1864 Жыл бұрын
Very nice watch, im trying very hard to practice your principles but ive also learned that my country will give me a very hard time to do it might not have enough time for me to change my life. Mr. Dalio your principles still helps me to build my confidence. Thank you sir.
@bigmac375
@bigmac375 5 жыл бұрын
two of the greatest financial minds walking this earth
@Rossini737
@Rossini737 5 жыл бұрын
Thanks so much for this!
@roggie77777
@roggie77777 5 жыл бұрын
America's Dirty Secret is The federal reserve is a privately held, part Foreign Corporation, that is not part of the federal government and has no reserves. They borough money to the government from an empty account and Americans pay taxes to pay that interest on currency they didn't have. The US treasury could print the same money for free with no interest for its citizens with no interest. We pay 500 billion per year in interest to a criminal Cartel. WHY?
@andremikha4507
@andremikha4507 3 жыл бұрын
I see Ray Dalio as a father and and mentor. Thanks a lot for everything you do.
@3dgar7eandro
@3dgar7eandro Жыл бұрын
No way he was 91 years old and speak so clearly and forward 😄👏👏👏👌
@sunilpuri5277
@sunilpuri5277 3 жыл бұрын
This is a beautiful respectful and insightful interview. Credit both these outstanding individuals.
@walterlewis3568
@walterlewis3568 5 жыл бұрын
This a powerful broadcast that should be mandated viewing for millennials!!!! Thank you Mr. Dalio!!!!
@dominicsatny
@dominicsatny 5 жыл бұрын
Thanks Ray. You are my hero!! Keep changing the world.....
@kbkesq
@kbkesq 5 жыл бұрын
Wow, what a delightful interchange- massive talent combined with appropriate preparation for what is truly a historic conversation! Twitter this is not.
@richardli7189
@richardli7189 2 жыл бұрын
historic talk, wealth of all human-being, there is not country line here, My Greatest Respect!
@KMbuilt
@KMbuilt 5 жыл бұрын
Thank you for doing this Ray! You book and cartoons have helped me a great deal.
@roggie77777
@roggie77777 5 жыл бұрын
America's Dirty Secret is The federal reserve is a privately held, part Foreign Corporation, that is not part of the federal government and has no reserves. They borough money to the government from an empty account and Americans pay taxes to pay that interest on currency they didn't have. The US treasury could print the same money for free with no interest for its citizens with no interest. We pay 500 billion per year in interest to a criminal Cartel. WHY?
@kb26inla
@kb26inla 2 жыл бұрын
Great interview, I fear we will not see the likes of Paul Volcker again in our government, and I see us slipping hard over the next few decades. Very tough times ahead, with very little leadership at the top.
@jimfranklin3885
@jimfranklin3885 5 жыл бұрын
Thx Ray, great interview!!
@b.terenceharwick3222
@b.terenceharwick3222 5 жыл бұрын
Practically insightful from the time of Plato through the 21st Century: Anyone with ears? A form of learning dramatically underrepresented in the USA today.
@vb9366
@vb9366 5 жыл бұрын
Great interview. Thanks Ray!!!
@jagatdave
@jagatdave 2 жыл бұрын
This is truly inspiring that people who have died can still have clarification of their views through KZfaq ...atleast ppl have no scope to judge the views of Paul Walker...RIP..
@GoredrinkerRS
@GoredrinkerRS 2 жыл бұрын
We need you NOW Mr Volcker. RIP
@abhimanyukarnawat7441
@abhimanyukarnawat7441 5 жыл бұрын
I'm a classical liberal and I love paul volcker, what a wise democrat,no screaming,just chill discussion and rocking it.
@1Esteband
@1Esteband 5 жыл бұрын
Food for thought. Singapore's economic miracle admired by many is the result of a somewhat authoritarian and dictatorial government. Didn't follow the principles proposed by Volcker nor Dalio to the T.. Singapore's principles were arguably successfully applied to Chile too and is currently most successful country in south America. It seems to push changes some authoritarian and dictatorial stubbornness in the leadership is necessary. Volcker policies were at the time too. The problem is who has the right vision and how difficult is to see through them to determine which one would work for the greater good.
@ryankane4347
@ryankane4347 5 жыл бұрын
You think their economic miracle had anything to do with... idk... free markets?
@commandersprocket
@commandersprocket 5 жыл бұрын
@@ryankane4347 Nope, Singapore had free markets long before their economic miracle. The Singapore government owns most of the housing, land, and corporations. Singapore is state-socialism with a free market. In 1965, when Singapore was made sovereign, they were very poor, they had problems with lack of good public housing, poor sanitation, and high unemployment led which led to social problems from crime to health issues. Their economic miracle was due to solving their education, housing, sanitation issues...which allowed them to move to near full employment.
@ryankane4347
@ryankane4347 5 жыл бұрын
@@commandersprocket lmao where do you think they get the money to invest in public projects??? Singapores economic miracle began as a consequence of joining the British commonwealth and adopting key free market policies such as low taxes, limited government, and private property rights. This attracted foreign investment and WITHIN 10 YEARS OF ADOPTING FREE MARKET POLICIES THEY WERE THE 3RD LARGEST OIL REFINING NATION IN THE WORLD. The Singapore government can only invest if they have a source to skim from aka the free market economy. Shell deserves more credit for Singapores initial economic miracle than any government education or housing program. All of Singapores wealth today is generated in the private sector which only exists because people invested private capital that is protected with private property rights. Same with China, same with the US, and same with every country that has or will ever exist until the end of time.
@7886995
@7886995 5 жыл бұрын
One key to Volcker's success in stopping inflation was President Reagan's backing him up.
@j9488
@j9488 5 жыл бұрын
Would like to see Paul Volcker and Professor Ivar Giaever discussing the role of politics for climate change.
@lakshmiprabhakarkoppolu9100
@lakshmiprabhakarkoppolu9100 2 жыл бұрын
Paul Adolph Volcker Jr. (September 5, 1927 - December 8, 2019) was an American economist. He served two terms as the 12th Chair of the Federal Reserve from 1979 to 1987.
@michaeldowd2614
@michaeldowd2614 2 жыл бұрын
Thank you Paul and Ray. A most educational and inspiration interview. Hopefully, it will have some positive influence in our trying(desperate?) times.
@keirozj
@keirozj 3 жыл бұрын
Simply extraordinary... both !!!
@amanmeghrajani1
@amanmeghrajani1 4 жыл бұрын
Thanks for doing this Ray!
@JoseDiaz-un9pj
@JoseDiaz-un9pj 2 жыл бұрын
This interview is amazing!
@kyungim3186
@kyungim3186 5 жыл бұрын
Good chatting. Nice job. I wondered what would have been the response of Mr. Volcker on 2008 subprime crisis if he were the Fed chair. Bail the big companies out or let them fail?
@parkerbohnn
@parkerbohnn 4 жыл бұрын
Let the banks crash and burn and change the mortgage lending rules once and for all. Lowlifes should never be allowed a mortgage.
@spectrallim4802
@spectrallim4802 4 жыл бұрын
They would've crashed and burned.
@abefroman9565
@abefroman9565 4 жыл бұрын
He would have bailed them out.
@lisashung9442
@lisashung9442 2 жыл бұрын
He would have no choice but to bail them out as the America’s political eco system/environment has completely changed from 20th century. The financial, tech and military capitals and capitalists have fully controlled America’s governing system.
@rebellucy5610
@rebellucy5610 5 жыл бұрын
Ray Dalio is the classiest guy out there. He is the opposite of Lloyd Blankfein.
@Stoneface_
@Stoneface_ 4 жыл бұрын
john Stetson isn’t Ray Jewish?
@Eagleorify
@Eagleorify 4 жыл бұрын
Or Jamie Demon?
@CelineAdobea
@CelineAdobea 5 жыл бұрын
It goes so deep! When people are more self aware and there is less anxiety and fear installed into people's psyche through media, tv, religion and the very core of society & culture, we will experience true democracy. A government that seeks to empower the individ will also empower the collective.
@nickfrates
@nickfrates 5 жыл бұрын
Love Ray Dalio, what a privilege to see him interview Mr. Volcker. Does he have a tremor? Noticed his head shakes in other videos. Hope he isn't sick!
@AbelDamajAnathemA
@AbelDamajAnathemA 5 жыл бұрын
You are helpful to the fullest Mr. Dalio!
@Cr4y7-AegisInquisitor
@Cr4y7-AegisInquisitor 5 жыл бұрын
Thank you
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