If we look for other older posts like this one, there is a fair amount of similar info out there for us as a warning. . . ~J
Submitted by Tyler Durden on 07/18/2011 15:56
As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio – head of the world’s biggest hedge fund, Bridgewater. Dalio’s fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge – Dalio believes that future inevitable money printing will “lead to a collapse in currencies and bond markets.” Dalio is even kind enough to give a time frame. “I think late 2012 or early 2013 is going to be another very difficult period.” He is, to say the least, quite diplomatic.
From the full interview:
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.”
Dalio’s assessment sounded alarmingly plausible. But when one plays the global financial markets a thorough economic analysis is only the first stage of the game. At least as important is getting the timing right. 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.
Translation: enjoy your -0.002% Bills and paying uncle Sam to hold your money while you can.
The Standard of any great civilization is how it cares for it’s poor among them. This is something I wrote years ago it comes from my heart because I am a poor man, I am a Buddhist and I chose to be poor. Oh sure I have a roof over my head I have food to eat, but I do not consider that I own anything in life. In the Sixtys I did not believe the perfect picture my high school was painting in history class of what was going on around me at that time, so I droped out and turned on and stared digging for truth, but nobody likes the concepts of the cold hard truth. I will tell people this if you think Slavery is not alive and well in this world and this country wake up and smell the coffee. There is a abundance of goods food fresh water housing medical attention, that could be made available to the very poor among us but because they may not have an I.D. they have no way to pay for it they are locked out. I am part of the homeless coalition in my town we have sixtyeight known homeless that are known that dont count the ones living in the tents in the woods. We have a homeless shelter for men it only holds 13 men, the temp go down in the teens at night people are going to die this winter. The goverment here do’es not give us any funds for the homeless because they dont see the problem, animal shelters are well funded by the state, why not shelters for human beings where they can be safe and warm, are they not better than a dog or a cat. Every man woman and child in this country is just two or three pay checks away from being a homeless person, there are a lot of folks living in their cars. Poor people are considered criminals in this country and have to hide them selfs or they will be incarcerated and in most cases brutalized in county jails. Often they are mentally ill and end up in county jails than go to state hospitals, I have been homeless and mentally ill so I have had these things happen to me.
The greatest Light is surrounded by darkness
From: The Three Dynamics Of Meditation
By: Michael E. Byrn
Michael, thank you for this open, honest statement, for bearing witness to us all. I daresay you are likely healthier than many of us who have not made such an inner journey. Love and light to you, ~Jean
Is there no end to the fear mongering…then people react, sell there stocks and precipitate a stock market debacle…it is an engineered crisis..and it is meant to degrade the power and trust in whomever is currently in power in whichever administration…and generally it is the Republican party folks that begin these nonsense rumors.. so it becomes a self fullfilled prophesy…where were they when Bush was in office…they were following his orders..lend money keep the market afloat until I get out of office. The Republican party then put up 2 candidates that they knew could not win, that way a Democrat would be in office and blamed for the mess. They just don’t care what they do to this country and the masses…BUT with so many people out of wrk the voters had a chance to read and “see” what was going on…pay attention they’re at it again!!!!