How The Economic Machine Works [Video]

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A friend of mine recommended me this video by Ray Dalio from Bridgewater. So once more, I will share with you a great visual piece that has the ability to simplify complex economic and financial concepts. If you ever wondered how the global economy works and how it impacts you, I suggest you start with this video. The video goes beyond the basic concepts of supply and demand and focuses on credit, which is the pillar of modern economy. So If there is one thing you MUST understand in order to better manage your finances, it is credit and everything that is related to it. From your personal loan to the government deficit, this video will set the stepping stone of how the financial crisis happened, and how economic cycles directly affect our lifestyle. After watching this, read the following articles to complete your basic understanding of the financial system:

Have fun!


Credits: Bridgewater

 

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