| When I look at the US and global debt burdens and how countries are likely to respond, I worry about the possibility of creating a stagflationary environment. Our financial system is dependent on the idea that you can take a debt asset and convert it into money. But now there’s not enough money to go around. That makes the idea of devaluing the dollar relative to other currencies appealing — but the other currencies won’t want much of an appreciation either. That’s one of the reasons I say that gold will be a better performing asset. |
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.
You Might Also Like
Ray Dalio Talks with CNBC’s Squawk Box About How the System Breaks Down Once a Lifetime
2025-07-16
The world order is now changing in a way that I described in my book and video Principles for Dealing with the Changing World Order. For a complete picture I encourage you to read the book or you can watch the animated video on my channel.
#raydalio #principles #politics #economics
Tags: Featured,newsletter,Ray Dalio
29 pings
Skip to comment form ↓