Naumche Ivanovski on LinkedIn and Twitter.

This is one of history defining moments. How the economies and world will come together is pretty much defined what kind of behavior critical decision makers apply:

Will they come together for the overall good?

Will they take care of them-selves?

He is explaining in details consequences of the action both US and EU will take: printing money to cover the gap. Who will get the money? Who will cover the debt? How will that impact other dependent countries?

Furthermore, great perspective on money, debt, power and wealth distribution throughout the history is given, where he is basically explaining four driving forces of economy:

First is productivity. Over the years and different phases of evolution, productivity is increasing, which is causing constant economy growth.

Second is short term debt cycle, with patterns of 8-10 years repeating cycles. 

Third is long term debt cycle, repeating pattern once in 50-75 years, where new world order in terms of money, debt and credit is defined. Our current cycle began in 1945, after World War II, where current, American world order started, with US dollar as leading currency dominating the world with over 70% of world economy run in US dollars. What is next?

Forth one is Politics and is dependent on the way how we deal with each other. Now, there are two questions:

Internal: How we deal with wealth shift within the economy, how we deal with value gap, do we have a common mission, we collaborate or we fight? Through the history, different countries, depending on leadership have behaved differently when it comes to this question...

External: How countries deal with each other? Rising power challenging existing power. This might cause competition or even risk of war?

The defining, stress test is how we will deal with each other right now!

Going forward out of the crisis, with faith in the greatest force of humans, which is adaptation and adjusting to new normal, people ability to collaborate for greater good is the defining moment towards where World will be heading.

Last valuable comment is the recommendation of bringing all sides with different interest on a mutual table to discuss and come to thoughtful disagreement, which is unavoidable starting point. Moving forward, the willingness to understand and accept other side position is pretty much the history defining moment.

For the full video, visit the following link: https://www.ted.com/talks/ray_dalio_what_coronavirus_means_for_the_global_economy?utm_source=t.co&utm_medium=referral&utm_campaign=TCSpeakers&utm_content=RDconnects