Ray Dalio, chief of Bridgewater Associates, on how to prevent another American civil war and endure a broad financial collapse.
Dalio also discusses the plot to use debt and CBDCs to enslave you. His hedge fund is one of the largest and most successful in existence since 1975. Here’s more from Tucker Carlson.
What’s on tap for 2025? Financial analyst Martin Armstrong sees four Ds on the horizon — depression, debt, default and destruction. Join Greg Hunter of USAWatchdog.com as he goes one-on-one with Armstrong, who believes nations will wrestle with a major debt crisis in 2025.
The wild swings in inflation are more serious than you would imagine. David Quintieri, of The Money GPS, says oils and commodities are skyrocketing, many are unable to pay their debt, the cost of goods is accelerating faster than their ability to earn and the real estate sector is on red alert. “The U.S. consumer is maxed out,” he says. Here’s his report.
The Leftist are demanding we cancel America. They want not only to bury the history of the nation, but strip away our powers and leave us mired in debt, overrun by illegal aliens. More from Black Pigeon Speaks.
President Donald Trump has signed the $1,300,000,000,000, 2,232-page Omnibus Spending Bill despite massive opposition from the overwhelming majority of his supporters. President Trump expressed his dislike for the bill, but claimed that the increase in U.S. military spending was so important that it offset the massive debt, funding of Planned Parenthood, lack of limitations on funding sanctuary cities and not funding the promised border wall between the United States and Mexico. More from Stefan Molyneux.
Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today’s paper currency has no intrinsic value. It is not based on the value of gold or anything else.
Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard?
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“Politicians are like criminals in Batman comics. They’re a superstitious, cowardly lot. And the minute that they know they’re going to lose elections because they’re spending too much money, they will find their inner cheapskate and start [spending less],” said Reason’s Nick Gillespie during his speech at the Reason Weekend event in Las Vegas.
In “5 Unacknowledged, Unexpected, and Unavoidable Facts about Government Spending and the Economy,” Gillespie says politicians such as President Obama and John Boehner are in denial. Influential economists like Paul Krugman and Lawrence Summers correctly diagnose debt as a problem even as they prescribe more debt as the cure.
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David Stockman, former Reagan budget director, explains why he believes the machinery of government is massively failing, in an interview with the Wall Street Journal‘s Jerry Seib.
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