CASH IS TRASH Ray Dalio Says Not A Safe Place Now
Inflation is here to stay and "Cash is Trash" comments Ray Dailio who says cash is not a safe place right now due to inflation.
** TIME STAMPS **
0:00 Intro
0:23 Welcome to the channel
0:55 Comments on comments
1:26 Video overview
1:52 Ray Dalio comments
2:43 Inflation is a tax
3:23 About Ray Dalio
3:58 Cash is not safe
5:00 Inflations bite
5:48 History repeats
6:25 Finding the balance
7:24 Put your cash to work
8:06 Current financial system
8:41 Put your money to work
9:49 Let me hear from you
10:38 Outgo
Ray Dalio CNBC Article Link : https://www.cnbc.com/2021/11/30/ray-dalio-says-cash-is-not-a-safe-place-right-now-despite-heightened-market-volatility-.html
Correcton about Oil - EIA uses product supplied to represent U.S. petroleum consumption. In 2020, the United States consumed an average of about 18.19 million barrels of petroleum per day, or a total of about 6.66 billion barrels of petroleum. This was the lowest level of annual consumption since 1995.
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#PersonalFinance #RayDalio
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