So we are in a crisis. Not the first, and honestly, not the last time. The important thing is how we deal with the crisis and what we draw out of it. A lot of people, especially in the crypto community saw the chance to buy, with the price of assets and cryptocurrency sinking into nothingness for a small amount of time there. After all, the time to buy is when there is blood in the streets.

Now, it seems that every crisis is a combination and a result of a lot of singular factors. And if we look at the numbers and statistics from the past decade, just after the 2008 mortgage crisis, it comes the conclusion that the pandemic was but the match that lit on fire all the easily combustible baggage that has accumulated in the economy in the meantime.

Now, if we see the constant ups and downs of the economy, one of the factors that seems very constant and very good of an indicator about what has, is and what will happen is debt.

Ray, the owner of Bridgewater is dividing the cyclic behavior of debt recycling into 6 phases. These phases as he has divided and defined them seem to be unmistakably accurate in pinpointing the major economic moves, economic tides and climate or situation, as well as the waves of recesion.

2 years ago, Ray's prediction on the market crash was that it would happen in about 2 years.

Was this going to be accurate even if it wasn't for the pandemic? Was there going to be another catalyst that would just push the world's economy off balance? 

Regardless of the case, Ray is an economic mastermind, and he definitely has a lot of useful knowledge that he is sharing with the people that are willing to listen.

Below I have attached 2 of his better summed up videos on things in the last 50+ years from an economic point of you, specifically the nature of the debt cycles, which I think are a great preview for the level of knowledge this man can offer us.

 I do hope that you found this article useful and that you enjoyed the read.

Stay awesome.