Where we are in the Big Cycle of #money, #credit, #debt, and #economic activity. #principles #raydalio

As of June this year, our public debt was 6.6 trillion shillings. Each Kenyan citizen, including those born now, owes creditors at least 139,000 shillings due to public debt.
So what does it mean when the government keeps getting loans?
Is Kenya on the verge of a debt distress?
Our latest feature, #KenyasDebtCycle digs deep into these questions seeking answers and highlighting how the appetite for foreign debt to finance infrastructure has devastated various sectors in the country.

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Ray Dalio, the founder of a successful hedge fund, has popularized the long term debt cycle which says that there we see short term debt cycles laid on top of a long term debt cycle which crashes every 50-100 years.
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The Economy Is Due For A Debt Crash – Long Term Debt Cycle & Credit Crisis
0:50 – Every 8 to 10 years we see an economic crash from the short term debt cycle and every 50 to 100 years we see a long term debt cycle crash
2:25 – The short term debt cycle lays on top of the long term debt cycle that most people don’t even know about
3:30 – How does credit work to create value out of thin air
4:17 – The more money you spend the more money someone else makes
5:52 – When people make more money they are more credit worthy which expands the economy
7:35 – What happens if the economy slows down and people spend less money
9:15 – What happens when you hit a peak on the long term debt cycle and the central bank can’t stimulate the economy
10:55 – What happens during a long term debt cycle crash and credit disappears during the deleveraging phase
11:50 – What happens when the economy enters a deleveraging phase in the economy
13:45 – When does the Fed start printing more money to fight deflation
14:45 – How to balance the printing of money with loss of credit

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We are a financial news & education company. The Minority Mindset has nothing to do with the way you look. It’s the mindset of thinking differently than the majority of people. #MIH #GetMoneySmart

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This Video: https://youtu.be/QPfgaMc5lQQ
Channel: https://www.youtube.com/MinorityMindset

Video host: Jaspreet Singh

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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.