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If you\u2019re one that avoids economic news, politics, and global matters you may want to pause and lean into this conversation as an objective view of reality with historical context.\nThese are scary uncertain times we\u2019re living through with an entire banking system failing, politics with one agenda to divide the country, and the battle for global power.\nWith the economic crisis unfolding before us, you have a decision to make on how you respond in this moment. No one can tell you what is best for you, but as Ray Dalio puts it, he wants you to at least understand the mechanics of what is happening so you can do your own analysis of what\u2019s best for you.\nRay Dalio, the founder of the world\u2019s largest hedge fund, Bridgewater, a billionaire investor, and bestselling author, joins Tom for a sobering conversation about the obvious problems with banking causing its collapse and the moment in time we\u2019re facing with global conflicts on the rise.\nThe emphasis is on understanding the mechanics and knowing what to look for and how you\u2019ll respond. Ray shares valuable insights on the way banking works, why the collapse of SVB was obvious, the 6 cycle trend that sees the rise and fall of empires, and 3 tiers of security you can put in place for yourself.\nCheck out Ray\u2019s video mentioned in this episode, Principles for Dealing with the Changing World Order: https://youtu.be/xguam0TKMw8\n\nFollow Ray Dalio:\nWebsite: https://www.principles.com/\nTwitter: https://twitter.com/RayDalio\nInstagram: https://www.instagram.com/raydalio/\nYouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ\n\nSPONSORS:\nGet 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact.\nGo to https://bit.ly/MarekHealthImpact and use code IMPACTTHEORY for 10% off your first lab order.\nNo interest, no payments - take advantage of this special financing offer at https://bit.ly/NetsuiteImpact to get the visibility and control you need to weather any storm.\nThis episode is sponsored by BetterHelp. Give online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self.\n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\nLearn more about your ad choices. Visit megaphone.fm/adchoices