| It is the job of central banks to maintain a balanced economy by not allowing too much credit into the monetary system. Learn more about central banks and their responsibilities in my new book, How Countries Go Broke: The Big Cycle here: https://bit.ly/3F5OFvN #raydalio #principles #politics #economics |
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
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This is Why the U.S. Deficit is so Alarming
2025-06-26
It’s critical that we bring our deficits down — and soon.
Since one man’s debts are another man’s assets, debt problems pass through the system very quickly.
When there’s a lot of debt, like there is today, it has to be sold — and we’re now at a point where there aren’t enough buyers for that debt.
Historically, when that happens, bad things follow. So we need to get this problem under control and we need to do it fast.
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