Posted on 07/18/2011 9:24:58 PM PDT by Kartographer
Dalio believes that some heavily indebted countries, including the United States, will eventually opt for printing money as a way to deal with their debts, which will lead to a collapse in their currency and in their bond markets. “There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency,” he said. Other developed countries, particularly those tied to the euro and thus to the European Central Bank, don’t have the option of printing money and are destined to undergo “classic depressions,” Dalio said. The recent deal to avoid an immediate debt default by Greece didn’t alter his pessimistic view. “People concentrate on the particular thing of the moment, and they forget the larger underlying forces,” he said. “That’s what got us into the debt crisis. It’s just today, today.”
(Excerpt) Read more at businessinsider.com ...
Darn those rich people for just not paying their fair share! /s
I kind of like Ron Paul’s idea of just telling the Federal Reserve to kiss off with their fake money that doesn’t exist, and remove the debt.
The God of Israel is completely in charge. Never doubt it.
If the borrowing to spend madness does not halt and halt soon, I am afraid the author is correct. No nation has ever prospered by borrowing to spend. Currently we are borrowing 40 cents for every dollar spent. This will not end well.
I don't believe he watches the money supply or nations monetizing their debt. He put everything in place, gave us free will and from their we are on our own.
Sorry, I just don't feel that God's attention is going to be focused on trivial matters of world financial collapse.
"I asked Dalio when all this would start to come together. “I think late 2012 or early 2013 is going to be another very difficult period,” he said.
“Sorry, I just don’t feel that God’s attention is going to be focused on trivial matters of world financial collapse.”
Jesus said the very hairs of our heads are individually numbered.
He is an infinite Being, after all. An infinite Being has no limit on His ability to focus on absolutely everything that exists simultaneously. That’s if you accept the Bible.
I agree.
I agree.
The consequences may be devastating for our country. Time and again God removes His hand of protection from a wicked nation.
Eventually print money? Um, does the hedge fund manager know what QE1 and QE2 are?
here is the thing that people need to understand about fiat currency: unfunded paper currency has fueled the most massive bubble in the history of humanity and that is the human population growth bubble. That bubble is an example of an exponential growth curve. Exponential growth curves are inherently UNSUSTAINABLE because they inevitably run into a wall called "limited resource availability".
we are looking at that wall imo. When we hit the wall, the four horsemen will ride into town and no amount of fiat currency will stop them from doing what they do. We aren't doing anyone any favors by fueling this exponential growth curve. There has never been a more pressing need for fiscal conservatism in America because we have never been closer to the wall than we are now.
Paging Thomas Malthus to any white courtesy phone. Thomas Malthus to any white courtesy phone.
Paging Paul Erlich to any white courtesy phone. Paul Erlich to any white courtesy phone.
Getting rid of the Fed won’t remove debt. The debt existed before the Fed and will continue after it’s gone. Congress and the Treasury issue the debt.
Yes. Not only that, but we’ll probably go through more attempts of short duration to continue the status quo (debt regime, globalism, trade imbalances, political correctness) by way of more nominations of favored constituents’ politicians than Argentina did before getting pro-Argentinian leadership. Reactions will cause some of the leaders chosen by the elite to do what is also unexpected: resign very soon.
Eventually, the issue will be decided. But the longer it takes to get there, the more difficult the process will be for all. Enjoy the slide.
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