Did you watch Ray Dalio’s video about the changing world order that explains the rise and fall of all the great empires over the past five hundred years? How would it relate to crypto? 🤔 Let's get a new viewpoint from CMCAlexandria 👇
about the "Changing World Order"? There the billionaire investor describes a Big Cycle which explains the rise and fall of all the great empires over the past five hundred years.
How crypto’s influence on the world economy could relegate Dalio’s Big Cycle to the trash pile of nice ideas that did not quite pan out? That’s what we are trying to uncover in this article. He then claims that if he had studied the past, he would have been able to predict those events. So he examined the rise and fall of empires over several centuries to see if he could find a pattern.
Later, according to Dalio, the empire’s new wealth and investment inevitably lead to a financial bubble. They create a self-reinforcing wealth divide between the factory owners and their workers. Much of the population now descends into civil war over who should receive what portion of the declining wealth. The richest citizens sell their holdings and move their wealth abroad, which in turn devalues the national fiat even faster.
If Dalio is correct, the empire’s legislators, central bankers, and citizens are not really controlling their society. They are merely hamsters running on a wheel, imagining they are in control of their world. Lastly, and perhaps most importantly, there’s the fact that China is an authoritarian state led by just one man: Xi Jinping. That is a huge problem because, while China seems politically stable now, we have to wonder: what happens when Xi Jinping dies?
Dalio suggests that, as America slips into decline, China will probably take the top spot, and the yuan is, therefore, the obvious candidate to replace the dollar.
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