Ray Dalio

Okay.

Now, when you go after that and you imagine what the conflict can be like, how will that conflict work?

Will it be rule of law or will it be a win at all costs?

And as that win at all cost and what that means, is there rules?

Is there playing by the rules?

You know, that dynamic.

So this thing is repeated.

It's not easy to get to that point because you have to deal with, you know, how do we stop fighting with each other and how do we do the right things to get strong?

And that's a great challenge in history.

In my book, I show 18 measures of health having to do with education, military, reserve currency, a number of measures that show strength, okay?

What is the level of strength?

And the United States is the strongest power which has been in relative decline and experiencing these conflicts.

And that's measured, if you go in the book, how...

principles for dealing with the changing world order, you'll see a number of charts.

So I don't want to just pronounce it that way.

I just want to say that like if you were to take education and you take scores, piece of scores and so on and statistics, you will see that there are rising powers, there are declining powers, there are large

wealth and values differences, and we are in what I call stage five, which means we are sort of at the brink, but not over the brink.

In other words, we're not... There's a capacity to...

It's before a period of great disorder when there can be a monetary breaking down of the system.

You know, what is money?