Kind: captions
Language: en
so I'll sum it up at at the national
level we would need a leader that can
actually bring the two sides together
somebody who has a very clear Vision
you've you've grimaced for anybody
that's just listening to this uh Ray
Delia just grimaced hard all right so uh
explain the Grimace Ray it's like
wishing for the tooth fairy or something
I I
mean it's like um not going to root
cause of why you don't have the that
leader okay if you look at
history um this is one of the great
challenges of a democracy and when it
gets into everybody fighting for their
own cause with pet um
populism they you know and so you know
mus comes to powered to make the trains
run on time because it's badly managed
and so on so somebody says give me the
dictator
give me the dict dictator and then I
will and and I want that dictator so
that's what we're um okay so how do you
get that
leader okay it it increasingly I'm just
dealing with the
mechanics so I'm uh so how do you get
the
leader and what do you do with the
opposition okay it's almost like
um well you you have this fighting of
the various types and do you accept
losing and then does the opposition
remain
and undermine everything you're trying
to
do so it's almost like it gets to mob
rule that's why the dictators come to
power
okay so that's just history and that's
all understandable if not desirable it's
still understandable that that's the
mechanics so to wish and
say okay we need a strong leader who
will get control and make everything go
all right sounds a little bit like
wishing for the tooth fairy that that is
how dictators come to power that is very
much the scenario I would want to
categorically avoid so do you see that
just as that is an inevitability because
right now Ray to your own point we are
not being good with each other from what
I can see there there is uh certainly a
broadcast signal and maybe this is a
distortion of social media but I don't
think so certainly not given the
elections of recent there was a
broadcast of a signal of massive
division in a moment of massive division
you get people fighting in a moment
where people fighting there is a win or
take all scenario that's the path to
dictatorship so while my path may be
wishing for the Tooth Fairy to want
somebody who's inspiring that can unite
people um I'll ask it pointedly do you
just see it as an inevitability that we
head towards dictatorship when you say
um have a leader that way you're not
dealing with the
mechanistic determin
to say how do you get a society that is
splitting apart and operating in the way
that I describe to have a leader that
leads and people follow properly okay
you're skipping over that you can't skip
over that do you see a path though other
than because the natural way that this
plays out the only path I can see is the
one that I'm referring to if you worry
about the
alternative okay
it I okay if you worry look at that what
is it you must not have it if the more
people worry about that then the more
likelihood you won't have that in other
words if you want to tilt the odds in
all the different ways I don't know take
out the ads have conversations like this
do whatever it is and say I worry of
what's going to happen so we must not
have that and we really must have this
other alternative I really want to buy
into that other alternative and you have
somebody arguing for that other
alternative like will you
follow um and I'll tell you I'll tell
you um um the
prime Mario dragi in Italy let me just
tell you the story very quickly of Mario
dragi in
Italy Mario dragi used to be um the head
of the European Central Bank which was
like being head of the Federal Reserve
for a number of years and he and I got
to know each other in that he completed
that and he's highly highly respected
he's Italian and Italian has um Italy
has crazy Anarchy like they've had an
average of one prime minister a year and
so chaotic and so bad that all the
political parties got together and said
we will be United under Mario drogy we
will let him lead we will turn it over
to him and he said I will do that only
as long as all the political parties
remain
United because if they don't remain
United we're going to get into to this
dysfunctional fighting and I know it's
not going to work so for a period of 18
months he um uh was prime minister of
Italy and and very loved people loved
him and then one of the political
parties um um uh dropped out because
they disagreed on his approach for I
think it was handling
Ukraine um and he said okay now I'm
resigning even though everybody wanted
him to stay overwhelmingly but he said I
can't govern under that kind of a
fragmented
environment and you know in other words
he knew where it was going to go so so
he resigned and in the period um between
him
resigning and actually turning it over
to the new prime
minister um we had
lunch and um and we were talking about
these things and what what he was
describing and what
exists is the issue that we're talking
about the inability of a a leader to be
able to lead when there's so much
fragmentation and if you look at the
history of
democracies um and you go back to
Plato back Plato's Republic he wrote The
Plato you know a lot of people think
Americans invented democracy it existed
way back you know um in the Roman and
Greek times and all that um and so he
looked at the cycles and what he said
was there's the cycle of these different
systems one leads to another in this way
where what happens is the greatest risk
of democracy is an
anarchy because the fragments it it
becomes
uncontrolled they all have their
interests they fight and they tear the
thing
apart and then so what happens after
that is then you get the
dictator and um you get ideally the
benevolent dictator in other words the
one who really knows how to make good
things happen and he cares about the
country he doesn't care about his
personal wealth and those kinds of
things and that and they create that and
okay to create order that comes about
that and then in that cycle after a
period of time you inevitably get the
incompetent or selfish
dictator and then you have a
revolution and then you go to a
democracy and so on and these things go
in cycles and so when you're asking the
question you know of the leader you know
you're saying okay let's create a
leader and um and and have them go lead
you can't ignore the fragmentation and
the
inability uh to lead in that set of
circumstances I agree with that but if
you even in your own example what you
had in Mario
is somebody that is able to Garner the
respect of all the different factions
now I understand that It ultimately
broke apart but he is the Tooth Fairy
that I'm talking about you need somebody
that people can unite under but it
didn't work because of the P the people
behave with each other and it won't
work
okay yeah okay so if if we know that
people aren't going to stay United for
long what you're saying is the duration
that people can stay United is the
duration that you can have that sort of
Peace how long is that duration here let
me let's let's look at the situation I
mean it doesn't exist let alone have a
duration to it yeah Ry you say very
troubling things in a very calm manner
which I think is probably the only way
to say them you said something earlier
which I think is really important that I
want to re-emphasize what's happening
now is a determination from something
that happened earlier and so to some
extent you're in a better position to
deal well with the way things are the
reality I've heard you talk a lot about
that the reality is what the reality is
you need to be awake you need to be
paying attention to that reality and
then you need to base your plan of
action based on the truth of that
circumstance to do that though one thing
I think is incredibly important is
people have to be able to strip their
emotions out of this uh I know you're a
huge proponent of meditation are how do
people get good at removing emotion from
the equation so that they can see
reality
accurately well meditation is a huge
benefit for that um so I really it it it
gives
one both a calmness and a
Clarity it gives one an ability almost
to go above everything and look down on
it and say okay here's how things
work and uh and and an acceptance of
reality it's like this Serenity Prayer
God give me the serenity to accept that
which I can't control give me the power
to control that which I can and give me
the wisdom to tell the difference and
you know just to be able to approach
things in an open-minded way like we
talk about uh you asked the question
about um disagreement
how can I approach disagreement do I
emotionally get into a fight about it or
do I handle it well meditation and those
types of things calming yourself down
viewing everything more like it's you
know it's think of a a reality as being
like a game like a chess
game okay
calmly okay this thing happens and
what's your next move and how does it
work
okay very fascinating so if you take a
chess Grandmaster anybody that's really
proficient at chess and you put a chess
board in front of them they they look at
the board and they don't have to analyze
each individual piece they know that
pattern on the board very well they know
where you are in the game and so that
that's a chunk of information uh it
feels like a very similar approach to
the way that you're looking at financial
markets Global movements the big cycle
and that oh I can drop you into a
scenario you'd look at a few key pieces
of information you'd know where we are
in the cycle so I mean starting with the
three forces that we talked about at the
very beginning hey tell me where those
three forces are you expanded it to five
but tell me where we are with those five
forces that's the Chunk on the
chessboard that I need boom now I know
how to take that next move that's what I
want to try to give to people okay
that's why I have
the um animated video on YouTube that's
why I have the book
because it's like watching the same
movie happen over and over
again you can see it and you understand
the cause effect relations so you can
understand so when you ask questions
like um you know how do you get better
and then we go dealt with the mechanics
of that like okay how do you get get
financially better off and how do you be
good with each other and not be
threatened I mean it's just if you look
at it that way and you understand the
mechanics it is what it is that's how
reality works and then how do you deal
with it to hear more about Ray Delio's
warning on the upcoming recession which
we're almost certainly already in watch
the full episode here I look at three
major forces that are happening now but
have happened many times in history and
those three major forces are