In a recent interview about MeetRay Dalio financier, Beware of “something worse than stagnation” If the current financial, economic and commercial issues are not dealt with well. Later on the interview, he warned that current problems are exacerbated, so we can try “the global system in which there is a major conflict.” I agree to both charges – with the warning that this may be low. Others issued similar warnings.

For me, Dalio’s comments sparked worrying ideas on how to deal with the world for a future financial crisis. During my long career on the international stage-an economic advice for Henry Kissinger in the National Security Council in the 1970s, the Vice Chairman of the Board of Directors of Goldman Sachs (international) was in the eighties and nineties, then the Undersecretary of the State of State responsible for American comments for economic relations in the United States in the first part of this century. The key to success in such efforts was not only the financial skills of the main players, but also their willingness to engage in reliable cooperation.

This component does not exist today. I have never seen the world with depth of lack of confidence in many economic and political issues. This lack of confidence can be Achilles heel in any future negotiations in the event of a new financial crisis – unless we realize it and discover how to overcome it before the crisis is struck.

Those who are in high-level and around the world should think about how to manage a new crisis-which pose an increasing threat to many countries facing slow growth, growing debt, inflationary pressures, tariff wars, currency fluctuations-and work under the political conditions fraught with risks and confrontation.

This will be a tremendous challenge, and failure will affect all Americans and almost everyone on this planet.

During the recent crisis, there was an impressive and reliable cooperation between the United States and China. But with intense trade war and various other confrontations between the two, achieving this is likely to be more problematic – if not impossible.

The frictions related to tariffs between the United States and its main allies-among the world’s largest market economies-almost undermined mutual trust that were very decisive in resolving issues in the past. Intensive trade conflicts will make cooperation between them to deal with a new financial crisis more difficult.

Moreover, a study is taking place in Washington on whether the United States should Withdrew from the International Monetary Fund (International Monetary Fund)The critical global establishment in such matters. Questions raise high levels in the American administration about whether the president is Jerome Powell should shootFederal Chairman. Powell has a very high credibility in the market and between policy makers around the world and will be a key player in finding solutions to any new crisis. Both factors add to already high uncertainty and the risk of instability.

Looking at this hatred, friction and uncertainty, the focused bankers and the ministries of financing in countries that have had an effective role in dealing with crises in the past – from They come together now In Washington, what is known in the International Monetary Fund Spring meetings – get how to avoid or overcome the growing increasing threat.

In the past, there was usually one major nation that led this process, or it was a specific procedure for the main players. It was mainly the United States, in cooperation with the International Monetary Fund. If the United States is not ready to do this this time, or others will not trust it to do so, then who will be?

During the reign of its president, Valerie Gasard de Estiang, for example, the Group of Seven gathered together during a series of crises in the 1970s, and its current president, Emmanuel Macron, has a huge financial background, as well as new Prime Minister Mark Carne. Or, we may ask about the right, will any country be in a position, or is wide international support to play this role? If not, the global economy is condemned to a significant turmoil. (China, which has now become a huge player and experienced global financing, may consider at this moment as an opportunity to escalate to play a leadership role, but it is difficult to see the United States, or some other market economies, which agree to this.)

The financial society, which has already been shook due to uncertainty, economic resettlement, deepening tariff wars, increasing massive debts, and currency instability in the market, must put this in their high list as well, the pressure of political and financial leaders in their countries and around the world to organize an emergency plan in a cooperative effort. With the ingenuity of the state, this can be done, and confidence in it – as in the past. But without a lot of advanced planning, and preparing to engage in cooperation, documents, can be a major global financial disaster on the horizon.

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2025-04-21 18:42:00