Ray Dalio says America’s $35,327,646,622,839 national debt will continue to grow no matter who wins the race for the White House. The national debt is bound to be ignored while the government uses inflationary policies to reduce the real burden of its debt, according to the Billionaire.
“We have an enormous amount of debt, and it’s going to keep increasing. And one man’s debts are another man’s liabilities… Nobody’s going to deal with the debt policy. That’s going to end up being monetized down the path.”
Regardless of the electoral outcome, Dalio sees the US heading towards a more “fragmented” existence, where portions of the country look to their state governments for leadership due to “irreconcilable differences” with the next administration.
The US dollar has to be inflated so we can pay on our enormous debt with less valuable, inflated dollars.
Buy PMs, Real Estate, and other things that have intrinsic value. The dollar is headed for the end.
6 Comments
SiG · September 25, 2024 at 9:20 am
Remember when it got too expensive to make pennies out of copper and they went to zinc, back in the ’80s? The cost to print a dollar either has or will exceed the cost of the paper it’s printed on.
Is that why there’s a push to go to digital currency? Bits are as close to free as it gets. Digital currency can be devalued continuously.
Whose law is it that goes, “that which can’t continue forever won’t?” I think it collapses into nothingness.
JNorth · September 25, 2024 at 12:30 pm
Yep, most US currency is already digital. When you include unfunded liabilities, just on the federal level, the national debt is several times the “official” levels. A few years back I inherited a retirement account from my late aunt, not a huge amount but 5 digits and after a couple years it was a bit over 6. A house in my neighborhood was foreclosed on and back on the market, I was able to pick it up for cash. Not livable at the time, the folks who had it were redoing it before running out of money or who knows, plus it froze up so there had been water damage. Still, I own it outright along with my duplex. Figure since I can’t get my main retirement accounts in anything but the stock market I should get what other investments I can.
JP_IN_MI · September 25, 2024 at 3:43 pm
Agree SIG. That and the Karens in the govt will love it because the CBDC will give them the ability to control your behavior by limiting what you can and can’t do with YOUR hard earned money. You bought two steaks this month? Sorry, you have already used up your allotment of beef… you however are approved to purchase as many tasty bugs as you want. In the interest of saving the planet of course. And you want to order some parts for your firearms? Sorry, ACCESS DENIED!
Also a CBDC can only work as designed if all competing forms of currency are eliminated. So, the govt will likely require that all PM coins and other non-CBDC digital currencies (bitcoin, etc) be turned in and exchanged for government bucks, under penalty of law. I’m sure a black market will exist for bartering with gold and silver coins but it will be very difficult and illegal to deal in anything other than government bucks. I wonder how an ounce of gold would even be priced in a CBDC world…
foot in the forest · September 25, 2024 at 9:46 am
If you can’t hold it you don’t own it.
EN2 SS · September 25, 2024 at 2:38 pm
There is no stopping the dissolution of America, the best we can hope for is some areas, like the south, will start a new country. After the leftists are permanently removed, of course.
Andrew · September 25, 2024 at 2:48 pm
It got deleted, but the FTC had a post saying “don’t buy gold it’s a scam”.
I assume it got ratio-ed on X/Twitter repeatedly.