Do repost and rate:
In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.
This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.
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Today on The Breakdown, NLW reviews Ray Dalio’s latest essay, looking at:
- The six reasons why it doesn’t make sense to hold bonds anymore
- Why holding bonds is especially troubling in the concept of growing government money printing
- Why sovereign bond holdings are shifting from the U.S. to China
- Why proposed wealth taxes are likely just the beginning of a more aggressive period of financial regulation
- Why we could see the government try to ban gold and bitcoin as their grip on reserve currency status weakens
See also: What Ray Dalio Really Thinks of Bitcoin
Image credit: Jason Alden/Bloomberg/Getty Images
