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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.
March 16, 2021
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In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.
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
See also: What Ray Dalio Really Thinks of Bitcoin
Image credit: Jason Alden/Bloomberg/Getty Images
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