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Billionaire Ray Dalio: 'I'm worried about something worse than a recession'www.cnbc.com/2025/04/13/billionaire-ray-dalio-im-worried-about-something-worse-than-a-recession.html
375 sats \ 6 comments \ @siggy47 13 Apr econ
The hedge fund billionaire said he’s more concerned about trade disruptions, mounting U.S. debt and emerging world powers bringing down the international economic and geopolitical structure that has been in place since the end of World War II.
The very value of money is at stake, Dalio said. A breakdown in the bond market, combined with events like internal and international conflict, could be an even more severe shock to the monetary system than President Richard Nixon’s cancellation of the gold standard in 1971 and the global financial crisis in 2008.
Worse than the Nixon shock? It's usually worth paying attention to this guy.
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113 sats \ 0 replies \ @optimism 14 Apr
I just re-read this and to be fair, this is probably the most reasonable take I've heard lately. Between this - if its heard - and Elon moving up the redemption arc there is still hope.
For everyone except people that expect to get easy money cuz Donnie said he has their back 😔
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36 sats \ 0 replies \ @kurszusz 14 Apr
There is something "in the air"...I personally think of a global thing similar to COVID, which will most likely affect the cyber world... Hopefully I will be not right...
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36 sats \ 1 reply \ @Dkryptoenth 14 Apr
Recession is when a neighbour loses his job, depression is when you lose yours. 🤣🤣
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0 sats \ 0 replies \ @Lazy_AMA 14 Apr freebie
I totally agree with you
36 sats \ 1 reply \ @kepford 13 Apr
I'm most concerned about the China hawks and the warmongers using economic down turns to sell war to the masses. It's clear Trump is not as anti war as we hoped.
Its like Tom Woods said, no matter who you vote for you get John McCain
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10 sats \ 0 replies \ @Solomonsatoshi 13 Apr
This is economic war. Chinas mercantile strategy is clear and has so far been successful. China has won the trade war and now dominates global shipping, infrastructure investment, post industrial technology development and implementation- (5G, AI(?), robotics, nano-tech, rare earths, power generation, EVs, biotech etc) and manufacturing and commodities markets. The next logical step is for China to develop its tertiary level infrastructure independent of the legacy US apparatus. China now has developed its domestic digital payments capacity and with Brazil, India, Russia, UAE, Thailand and Saudi Arabia also having developed or near to having operational their own domestic digital payments systems China can move to implement mBridge which joins these domestic digital payments protocols to enable cross border trade payments- ending USD/SWIFT hegemony. There may be military conflict, but most of the contest may be over how long the US can continue its USD/SWIFT hegemony- because if/when that hegemony ends so does the practical ability to fund/wage a more conventional war.
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