Ray Dalio on Dumb Dollar Debt, Bitcoin Controls and the Coming Assault on Capitalism

In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.

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In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Today on The Breakdown, NLW reviews Ray Dalio’s latest essay, looking at:

The six reasons why it doesn’t make sense to hold bonds anymore
Why holding bonds is especially troubling in the concept of growing government money printing
Why sovereign bond holdings are shifting from the U.S. to China
Why proposed wealth taxes are likely just the beginning of a more aggressive period of financial regulation
Why we could see the government try to ban gold and bitcoin as their grip on reserve currency status weakens

Image credit: Jason Alden/Bloomberg/Getty Images