Crisis, Economy – How To?

Cool thing: A reader pointed out, that the same day of my last post “The Principles of Money, Part 2”, Ray Dalio published a video („Principles for Dealing With the Chaning World Order“), where he, within the first minutes, also describes the „beginning of money“ (and how its value and trading ability was linked and determined to gold – and how it eventually ended). So let this small post be a quick insert and…

…please check out the video. It is divided into several topics and covers quite a bit. But overall it is easy to digest and hopefully will make things clearer about how the economy is setup and repeat itself throughout history.

Years ago, I already watched “How The Economic Machine Works” and it truly shaped my mental muscle about those annoying downs at the stock market. Of course, putting it in relation with an ongoing pandemic situation or a war seems kinda weird overall. But the key here is not to play bad things off against each other, but to make best decisions whatever occurs. And in this case, we only talk about situations where savings (for many people) diminishes – after years of growth.

So, even if the current situations are mentally tough to grasp, intellectually it is quite possible to get an idea what is going on – with little effort. And without fear of it being a gigantic complex thing also. We can make it complex (and it will be), of course, if we dive deeper. But the overall perspective from above is no rocket science.

Allow yourself to have a look behind the curtain and be ahead of everyone else who is a bit into panic mode. In addition to the videos of Ray Dalio, I strongly recommend buying (and reading) his book „Principles with the Dealing of Chaing World Order – Why Nations succeed and fail“ along with „Big Dept Crises“ also his personal „Principles: Life and Work“. Please use these affiliate-links to purchase them through Amazon. It will not cost you any more money, but it will help me to make this site possible to run, grow and talk with you about robust, conservative (meaning: non-speculative and responsible) as well as healthy relationship with money and investing. Thank you!