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Augustus Caesar
@augustuscaesar
Just finished Ray Dalio’s latest book and he wrote this fairy tale chapter which would rectify the US Debt problem - running a deficit of only 3% gdp. We looking at 6 - 9% for the foreseeable future. He spent the whole picture painting a dismal image of not only the US, but also the Chinese debt bubble, and ended it as if we have competent lawmakers.
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BrixBountyFarm 🎩
@brixbounty
It was the Bessent pitch not do very long ago… a different iteration of 3,3,3
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Augustus Caesar
@augustuscaesar
But Dalio knows they are incapable of delivering that. Why is he pursing his lips. He even stated that we are just near ( not at) a point of no return.. He pulled no punches in the older books
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Marwan ♋️
@marwan1337
Maybe he’s been co-opted by the powers interested in keeping up this charade as long as possible.
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Augustus Caesar
@augustuscaesar
I think there’s no question that he is scared of Trump. I think he wouldn’t have held his tongue had it been anyone else. Shameful.
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Marwan ♋️
@marwan1337
lol is that the case? I didn’t actually know that, I was just talking shit. Curious, why exactly would he be scared of Trump?
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Augustus Caesar
@augustuscaesar
Idk. His soft tone in the final chapter seems to indicate optimism. He said we are near a point of no return, not that we are here or we’ve already gone off. He spoke softly. I don’t feel he was being honest about the macro condition. His numbers were honest. Short term chance of debt crisis: 0% Long term: 100%
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BrixBountyFarm 🎩
@brixbounty
Pretty amazing the financial chicanery the powers that be can come up with to prolong a day of reckoning… I was worried back in the early 2000s yet here we are.
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