In 1974 after getting his Masters of Business Administration in Harvard Business School, Raymond Dalio decided to work for a small brokerage on Wall Street as a futures trader. Raymond Dalio was extremely talented and skilled at what he does and later went to strike it out on his own. Bridgewater gained its major first customers which were a couple of pension funds that commanded a couple of million apiece each. In 2013 Bridgewater released a video called “How the Economic Machine Works” by Raymond Dalio. This speech talks about the creation of a developing economic cycling system that studies how the economic machine; of our economy works in a few simple moving parts. Which makes the economy seem much smaller and less complicated as a whole and just makes it easier for the average person to understand; Raymond Dalio points out that money and credit that people spend in a whole is what an economy is based off of. If you analyze what Raymond Dalio is saying in his YouTube presentation you will start to understand how the economics of simple items like Gold, Silver, Wheat etc. and more complicated items stocks, futures, pharmaceuticals and medical equipment start to also play a extremely …show more content…
Moving from a time of robber barons and industrial capitalists to a new genre of finance, media and technology moguls; “masters of the market may not want fame but certainly want all the trappings of it” High end dinners at places like Eleven Madison Park, Per Se and Masa are very prevalent on Wall Street and also with Hedge Fund Managers and other finance specialists from Fairfield and Westchester County. These people make multi-million or multi-billion dollar deals eating White Alba Truffles, caviar and lobster in $500 plus per person restaurants. While also drinking $5,000 bottles of wine or $4,000 bottles of champagne such as Ace of Spades, Cristal and Dom Perigion magnum or larger bottles with their clients. This excess is there to show how successful Wall Street and the Hedge Fund Industry in Fairfield and Westchester County are. Without Hedge Funds though there would be a much smaller amount of money circulating through the economy as Hedge Funds are currently responsible for approximately $2,200,000,000,000 of the money each year in our economy which is very close to the amount of money the Federal Government takes in each year as income. So in conclusion we see that Hedge Funds have an amount of power in the world and United States economy