U.S. Dollar is Set to Implode Says Ray Dalio
The founder of Bridgewater, the largest hedge fund in the world and one of the most successful investors of all time warns of a big crash ahead for the U.S. dollar.
He told Bloomberg news that the U.S. is headed for an inflationary depression.
Here are the bullet points from his recent interview:
- The next crisis will push the dollar to the brink.
- He expects a 30% sell-off in 18 to 24 months.
- Government deficits are spiraling out of control.
Dalio says to think about Argentina and Turkey if you want to know where the next U.S. financial crisis is headed.
The old saying is people who live in glass houses shouldn’t throw stones, and the U.S. has been throwing rocks everywhere. It’s been attacking Russia and others financially, weaponizing the dollar to an extent we haven’t seen, and essentially pissing off the wrong people: other central bankers.
This is all setting us up for a big 2019 for both gold and Bitcoin.
I’ll have new recommendations to you for early January.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.