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The Head Of The World's Biggest Hedge Fund Sees "Economic Collapse" Due To Money Printing By Early 2013
As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio - head of the world's biggest hedge fund, Bridgewater. Dalio's fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge - Dalio believes that future inevitable money printing will "lead to a collapse in currencies and bond markets." Dalio is even kind enough to give a time frame. "I think late 2012 or
early 2013 is going to be another very difficult period." He is, to say the least, quite diplomatic.
From the full interview:
Dalio believes that some heavily indebted countries, including the
United States, will eventually opt for printing money as a way to deal
with their debts, which will lead to a collapse in their currency and in
their bond markets. “There hasn’t been a case in history where they
haven’t eventually printed money and devalued their currency,” he said.
Other developed countries, particularly those tied to the euro and thus
to the European Central Bank, don’t have the option of printing money
and are destined to undergo “classic depressions,” Dalio said. The
recent deal to avoid an immediate debt default by Greece didn’t alter
his pessimistic view. “People concentrate on the particular thing of the
moment, and they forget the larger underlying forces,” he said. “That’s
what got us into the debt crisis. It’s just today, today.”
Dalio’s
assessment sounded alarmingly plausible. But when one plays the global
financial markets a thorough economic analysis is only the first stage
of the game. At least as important is getting the timing right. I asked
Dalio when all this would start to come together. “I think late 2012 or
early 2013 is going to be another very difficult period,” he said.
Translation: enjoy your -0.002% Bills and paying uncle Sam to hold your money while you can.
h/t A B
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Let's be kind and try to educate rather than ridicule. Monetary inflation is an increase in the money supply above and beyond any increase in goods and services. Monetary inflation will eventually lead to "price" inflation as the incremental dollars work their way through the system. Price inflation can also be caused/enhanced by an increase in the velocity of money (turnover) but that is a subject for another time. If you are playing monopoly and Ben Bernanke flys over in an otherwise drone helicopter and drops each player an additional $1000, the value of the properties in time will go up in nominal terms because the value per unit of money being used in the game has been devalued not because the properties are really worth any more. Hope this helps.
Tuco Benedicto Pacifico Juan Maria Ramirez
Um, yeah, the CPI.
Would you be interested in a bridge in Brooklyn too, maybe? How about some nice Arizona oceanfront property?
Fucking asswipe.
The CPI. Well of course they adjust that for inflation.
gh
hahaha! + (-6%) +
Why cant they all print money at the same time, they have been doing it for years, that is why there is no inflation.
You would see one currency going down compared to the others if only one was inflating. When they are all on the toboggan slide together it seems as if they are not moving, comparatively speaking. Or that they are moving only slightly compared to each other when they are all going down hill together at 9O mph.
"Why cant they all print money at the same time, they have been doing it for years, that is why there is no inflation."
what?? this makes no sense. INFLATION IS ALWAYS AND EVERYWHERE A MONETARY PHENOMENON. if they are all printing currency at the same time....THEY ARE ALL INFLATING! this is why gold is appreciating in all currencies right now.
Correct !
good for you.
A while back in time, When the dollar declined, gold went up. And when the Euro declined, gold went down. Now gold goes up when the Euro goes down and when the dollar goes down. Gold, at this moment in time is a "safe haven currency".
gh
Correct !
So, you are the one that believes the U. S. Government's CPI data. Ha, ha, ha, ha, ha!
Tuco Benedicto Pacifico Juan Maria Ramirez
CPI is way off and they are talking about 'modifying' it again so COL rises won't occur so easily with respect to increasing SS payments.
All depends on what the definition of "is", is, right? Those jerks have been cooking the books routinely since 1990..... back in the days of LBJ and Nixon, even, either the Beagle Torturer or Tricky Dick would often send bad numbers for immediate revisions, that they'd sometimes even suggest themselves.... CPI inflation right now is most likely around 5-8%, and it's been above 10% as recently as 2008... that's Carter-style inflation. But those dicks at the Fed kept bleating, "inflation expectations are contained." This "chained CPI" is more of the same, if steak gets expensive, it is "assumed" that "consumers" automatically switch to hamburg... and the hamburg cost is used to measure the next month's price of steak! And if hamburg gets to be expensive.... they use the price of canned Vienna sausage, then dog food, then soylent yellow, etc. And the jerks smugly say that engaging in such trickery leads to more "accurate" CPI numbers!! If you're looking for a cheap whore, just head down to the Princeton or Harvard econ department, they'll suck anybody off for the right price.... note Beanie Patrol Goldwein's eagerness to push seniors into dog food eating...
http://www.bloomberg.com/news/2011-07-08/talk-of-u-s-social-security-cuts-meets-bipartisan-opposition-in-congress.html
[The CPI] accounts for those who buy cheaper varieties of wine or steak when those prices rise, though not for those who opt instead for beer or chicken.
The chained index accounts for the belt-tightening chicken eaters and beer drinkers. Over the past decade, the alternative index has grown more slowly than the current inflation measure by an average 0.3 percentage points a year, the CBO says.
“It’s a no-brainer,” said Marc Goldwein, former associate director of the administration’s deficit commission. “We’re measuring inflation wrong now, and it’s obvious we should measure it right -- especially if it’s going to reduce the deficit.”
Thanks for introducing me to "the Beagle Torturer"! LOL. Classic. Never heard it used before.
For the many collectivists here who apparently don't know how to use Google ("what does that mean?", "provide links to your sources!", "prove it, conspiracy theorist!"), here is a funny run-down: Was LBJ Really A Beagle Torturer?
Tyler: everyonce in awhile you post something that makes me think I should send you some money to support this project. I must be ill; I never normally have thoughts like this. This is an amazing post, because this guy is not a wing-nut.
This just in from Cramer.....
With the impending debt explosion and history as a guide, I look to companies like Lexmark, HP Canon, Epson, even Kodak, (for a change), to really benefit from Uncle Ben's Printing Pressapocolypse.
The ink is going to flow like wine. So I say....
<slamming hand on red buzzer with animated bulls stampeding>
BUY BUY BUY !!!!
My ex (economics major) loved Cramer. She would fawn over him as he came onto the boobtube. Nothing titillates me like remembering his
Bear Stearns BUY BUY BUY... and subsequent apologies.
Clearly the man is a prophet, and 'Merkia loves him regardless of his repeatedly shit calls. His lies are like ambrosia for the corporatist mafia. God I'm glad I'm in biology...
It is funny how life and trading seem to work.
A couple days ago I put on the start of a short bond trade in TBT.
Today I was reading Drobny's book, "The Invisible Hand" and in particular the chapter on "the equity trader". I put the book down, go to this computer, bring up ZH and the first thing I see is an interview with "the worlds largest hedge fund" trader, who has views exactly like the character being interviewed in the book. (Drobny leaves them all anonymous to enhance honesty etc....)
Hmmm
gh
if you just don't think about stuff like this, everything will be fiiiine...
...hahahahahahahahahahahahahahahahahahahahahahahahhahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahhahahahhahahahahahaha
He's spot on, printing always happen. If a state has a way to devalue or inflate their currency, it's much better doing that than taking the wrath of the people.
I'll bet the under on the timeframe.
Here is a Math question (or a future CAPTCHA question) for your 8th grader:
What is Borders + Cisco = ?
The answer is 17,500.
What is 17,500?
The number of jobs lost at Borders (which has just opted for liquidation after no buyer came forward by the Sunday deadline) and Cisco combined. This is not looking good.
Cisco is still breathing but I am not sure for how long.
my grandfather, who was born in the 1800's, and not in the last decade, used to trade chrysler stock; as a cyclical. he declared bankruptcy when my dad was a freshman in college.
what was that like, dad? well, slewie, quite simple, really. it all boiled down to: don't come home!
in the early 80's b4 the goobermint bailed them out (for what? $400 million, or something?) i was into trading and saw chrysler bonds @ ~14 cents on the dollar. i think they were making K cars at the time.
is cisco the "new" chrysler?
judging by the hairlines of the poeple who trade it, yup!
My father lost his shirt in the stock market 3 times. He's run out of shirts.
My father lost his shirt in the stock market 3 times. He's run out of shirts.
Double post-- but worth repeating anyway.
Uncle Sam is Broke.. because..
Uncle Sam Taxed the shit out of the middle..
Uncle Sam gave Tax Breaks and Subsidies to his Corporate Lobby Dollar Wielding Friends..
Those Corporations moved 6 Million Manufacturing Jobs to China over the last 10 years.. (really 11 now)
and those Corporations were paid by the "We the People's" Tax dollars to undermine / gut America's Manufacturing and Tax Base.
We gave away our tax base.. One better! We PAID Corporations to Undermine Our Tax Base and Our Manufacturing Base!
The Lobby Whores!
Were paid Lobby Dollars!
To Provide Tax Breaks and Subsidies! That DESTROYED! America's Manufacturing Base.. Which as well undermined America's Tax Base!
50,000 Manufacturing Jobs a MONTH!
Were shipped Off Shore!
For Tax Breaks and Subsidies that "We the People" paid for! (plus cheap Chinese Labor)
Government Paid Corporations "We the People's" Tax Dollars.. to DESTROY America's Manufacturing Sector and Tax Base that those jobs equated too.
what is 6 million people paying taxes worth.. not the top 1% who pay NOTHING! but the middle manufacturing jobs.. $50k to $100k average for the last decade?
25%? on $100k ='s $25k X's 6m ='s $1,500,000,000,000 (Social Security is passed straight thru, IOU my ass)
That is nothing to sneeze at.
Now multiple that $1.5 Trillion times 10 years.. we are down $1.5 Trillion in Tax Revenue per year! for those Manufacturing Jobs.. and over ten years (it’s really 11 years now, so even more) it would be $15 Trillion..
**************$15 Trillion Fucking Dollars!***************
In Tax revenue GONE to China! And “We the People” paid for it! Who Voted for that shit? Who among you voted to Gut America’s manufacturing sector?
Who among you voted to undermine America’s Tax Base? WHO?????
So the same amount of money we paid to move off shore is what we as a Country owe..
FUCK ALL OF YOU THAT DO NOT SPREAD THIS INFORMATION TO EVERYONE YOU KNOW!!!
***** “Over the last ten years, China has mounted the biggest challenge to the U.S. manufacturing sector ever seen, threatening producers of steel, chemicals, glass, paper, drugs and any number of other items with prices they cannot match. Not coincidentally, the United States has lost an average of 50,000 manufacturing jobs every month during the same period.” *****
http://blogs.forbes.com/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/
That is the 50,000 jobs a month.. equaling 6m jobs +++ becuae it has been 11 years now!!
http://www.banktech.com/articles/229700093?cid=nl_bnk_daily
Top U.S. Lobbying Banks Got Biggest Bailouts
1. [PDF]
A Fistful of Dollars:Lobbying and the Financial Crisis; Financial ...
File Format: PDF/Adobe Acrobat - View as HTML
A Fistful of Dollars: Lobbying and the Financial Crisis by. Deniz Igan ...
www.imf.org/external/np/res/seminars/2009/arc/pdf/Mishra1.pdf
that is the lobby dollars! what else do you need to see? to wake the fuck up? let me know! and I will make it dumb enough for you to understand!
http://www.treasurydirect.gov/NP/BPDLogin?application=np
and that is what we owe as a Country.
Bush signing the World Trade Organization Docs to Ship Jobs Off Shore!!
[PDF]
WORLD TRADE ORGANIZATION & REGIONAL TRADE AGREEMENTS
www.jetro.go.jp/theme/wto-fta/news/pdf/W_CMonthlyReport-July.pdf
You +1'd this publicly. Undo
File Format: PDF/Adobe Acrobat - Quick View
Mexico Threatens First Complaint Against China at the WTO on Investment ... President Bush signed into law the Farm Security and Rural Investment Act of ...
jobs WILL move off shore, or the $ will lose value.. or both till they reach a sustainable equilibrium point.
Why would anyone in the world pay currency needed to pay for 10 gallons of gas to buy a T shirt made in the US when they can pay currency needed to pay for only 1 gallon of gas to buy a T shirt made in china.
This artificial imbalance in the labour rate will cease to exist a few decades from now. as it should.
Stellar post.....nice detail.......thanks for the truth !
dude take a chill pill
buy some silver...
it's all good..
Hello World! My name is Benjie. My two favorite things use to be ink and paper. Now they are my middle finger and my keyboard.
I, I had no idea. Tyler never mentioned anything like this. I just thought we would meander to and fro, wait awhile and the economy would grow, we would pay off our debt and, and have a tootsie roll to celebrate. Wow, this is really something to ponder. (big smirk)
Borders book stores, and there go 11,000 more jobs. Just decided to liquidate. What a wreck this country is becoming. How many jobs did Obama say he created? What a crock.
The only reason we need to print money is because of how broke our system is through-and-through. It is rotten to the core.
We wouldn't need to print money to fund endless wars.
We wouldn't need to print money to subsidize failed corporations/industries
We wouldn't need to print money to pay for welfare
We wouldn't need any of this shit if our government would be responsible. Our government has grown into a grotesque and malevolent thing. Listen to this shit -
" If Congress fails to hike the nation's borrowing limit by Aug. 2, it will be "lights out" on the government and the economy, Treasury Secretary Tim Geithner told Democrats in their meeting Friday."
"He said default would result in a complete 'loss of capacity to function as a government,'
""Those who say this crisis would be a blip on the radar are wrong," Reid said. "Default would be a plague that would haunt our nation for years to come. Our credit rating would take years to rebuild. The country would never be the same."
""If this country defaults on its obligations, Geithner said, it will be 'much worse than the Great Depression,'" Reid added. "And it would make the massive financial crisis of 2008 look mild. It will make what we just went through look like a quaint little crisis."
http://www.huffingtonpost.com/2011/07/18/debt-default-lights-out-degression-tim-geithner_n_901861.html
It doesn't take a genius to see the gluttony and sloth that has come from the government and the debt ceiling. Take a look at the security complex this government is obsessed with; molesting women and children in the airport; unwarranted phone tapping; cameras on every corner. Look at the military complex. We've been at war with Afghanistan for 10 fuckin' years (WW2 ended in 6 years and 1 day and that's with the whole world fighting) We are bombing countries like Pakistan we are sending billions of dollars in aid to. Who here wants to keep funding food stamps when we have an obesity problem? Who wants to bail out failed corporations and industries in the guise of it being good for you? Who wants the government to tell you type of light bulb to buy?
Would it be that bad if the government shut down and defaulted? Have you looked at the country that you live in? It looks to me like this country will be far worse of with a continuation of the status quo. Does anyone really want this shit to continue? It makes me sick to my stomach looking at where this country is today.
Nice bob, +1
"He recalls that then-Secretary of the Treasury Robert Rubin warned that if the political stand-off forced the government to delay a debt payment, the Treasury bond market would be impaired for 20 years.
"Excuse me? Russia had a real default and two or three years later they had all-time low interest rates," says Mr. Druckenmiller"
http://online.wsj.com/article/SB10001424052748703864204576317612323790964.html
In addition to this the US has already shut-down. It happened under the Clinton/Gingrich era. Ya know what happened? A few librarians had to take time off, a couple museums were closed temp. and national parks were closed.
This scare mongering is getting nauseating. If the sky falls, Marshal Law is declared, and Lucifer rapes everyone's first born child due to the failure of raising the debt ceiling then that is a testament to the disgusting largesse this government has become and how reliant we have become on sucking from it's poisoned tities. I operate under the philosophy that people are able to take care of themselves without the nanny state, and if they're not, they'll learn. That is afterall how this country was founded.
gluttony & sloth are 2 of my faves!
As long as we can keep watching American Idol, who cares?
"sarcasm"
Diebold 2012
iBold 2012
Just realized that's an excerpt from the New Yorker !! Amazing. Jim Sinclair as said the same for many years but you might say the New Yorker has a different and larger readership (by about 5 orders of magnitude). The money quote is in the 2nd to last paragraph. It might as well have ended with: Got Gold?
Hari Seldon already knew this. Although he did appear other times in pre-recorded messages in order to reveal a Seldon Crisis. /sarc
I took my metimucil just now so tomorrow around 8am......
Everything else is toilet bowl reverberations
Printing money creates jobs in the TRON world.
Now THAT! is a fractal mind fuck
Dalio is the best, the only person's view I am mostly aligned with. I saw him once on Consuelo Mack in podcast, he was just great.
Hells Kitchen followed by last nights new Superjail episode. And then some Squidbillies. And plenty of cold beer.
I was thinking as gold passed through 1600 this morning. What did the Chairsatan think of the tradition.
Man, when you roll it up. It's back to good ole guns, bitches, more bitches, gold and butter.
I can hear the sound of zombies in the distance. Teh class war that is coming to our neighbourhoods could be a real bitch. All you fags driving Audi's and Bimmers best be watching yo asses. Cause flaunting your leveraged brokeness could lead you to a bullet in the head.
My grandfather was telling this weekend about the first couple years of the depression and how the mucky mucks quickly realized that the Gatsby of the 20's look was soooo yesterday and possibly deadly as the rich folks were getting beaten int he streets int eh big cities and how everyone realized that toning down was healthy.
Can't happen soon enough.
FX is one thing. How much your dollar buys at the grocery store is something else entirely. My local Albertsons seems to pay no attention at all to the current "strength" of the dollar. I'd like to take Zeros's advice and "eat my peas". Soon , tho, I won't be able to afford them.
Tyler(s), "difficult period" now means "economic collapse"? Wow, that's one hell of a parable.
And I sense a tad bit of envy in your aformentioned comments about hedge fund managers that are profitable. Remember, it really doesn't matter how you generate your returns and someone is always on the losing side of any given trade.
Shit, feels more and more like MSLSD on this site. I'm not completely giving up though.
Anyone up for a conspiracy?
The First Time I Heard of Barack
http://www.freerepublic.com/focus/f-bloggers/2344042/posts
Sounds like a another wedge meme.
Actions speak louder the words and its seem's Obama's decisions and people he hires seem to be helping certain corporations
Listen to the audio. I have been there in those awkward drunken apartment parties with party members. This guy is telling the truth.
http://rense.gsradio.net:8080/rense/special/rense_T_Fife_031009.mp3
Interesting your picture is Obama against flag of Soviet Union which was dissolved before this meeting was said to happen in 1992.
In 1992 Obama was a professor at the University of Chicago and just started to get into voter registration. Was that part of the Soviet plan to get a black communist president elected?
Doesn't really matter, us discussing this topic gets us thinking about the person instead of how we are all being screwed by TPTB, who are getting their policies implemented by their hand picked staff in the Obama's regime.
I am not disputing that their are people that believe that Obama is a Soviet Implant, I am just arguing that based on his actions, it doesn't seem like he is acting like a Soviet Implant.
Rats, I hope you listened to the audio.
Your point about my icon seems to be a form of nitpicking, but thanks for paying some attention.
I see it as somewhat like 911 and the obviously faked birth.pdf, things can be stunningly obvious, but nobody really cares.
It's not about some people believing that Obama is a Soviet Implant, it's about whether that is factually true. It is not possible for anyone to judge how he WOULD behave IF he were a Soviet Implant.
The sad fact is that the facts are almost always available, but there are never enough people who can think critically about the facts to make a difference.
Just more evidence that we are doomed.
_______________
| NObama in 2012 ||""""\___
|.....Bandwagon..... ||___|..... ]
`|(@)'(@)````|(@)(@)===(@)
Nice!! You got some skills!
Sooner or later... carma always crashes into dogma
so now you got this hedgeie giving us a 2 year time line, maybe you can give the graham summers articles a rest tyler?
http://www.youtube.com/watch?v=kHVAmZF_RQg
I wonder if the New Yorker piece on Dalio will have an effect on the masses. But then the masses don't read the New Yorker. The article might inspire people who already own PM's to buy more. I am.
Dalio is clearly intelligent and he's probably right abou where the economy is going, but I couldn't finish reading the article. There is an amazingly cold, dry, inhuman strain in the man. He doesn't care how the money is made, as long as it is made...for the first time, I see hedge funds as enemies of rationality and morality.
More pundits are openly talking collapse now, and the more they talk, the faster it will come about. For now, I agree with the ZHer post that said to subtract (at least) 6 months from whatever the consensus seems to be. But the timeline will probably accelerate as people change their behavior on the momentum of creeping expectations. Bank runs, bitches.
That said, when it does come, it usually comes like a thief in the night like Belarus, so the sheeple can't escape the slaughter. If you haven't done anything yet, you better get with a program.
WWBDHD = What would Bang Dai Ho do?
He would bang the ho with his shoes on, and next to an open window, for a fast getaway.
You must leave now, take what you need, you think will last
But whatever you wish to keep, you better grab it fast
Yonder stands your orphan with his gun
Crying like a fire in the sun
Look out the saints are comin’ through
And it’s all over now, Baby Blue
If this guy is hanging around with globalist Warren Buffett and eugenicist "Mr. Vaccine" Bill Gates he is not to be trusted! So we have as establishment guy interviewed in an estabishment publication. What is the near term agenda here? We know the long term agenda of these folks involves them being around and us not, but what is the real agenda here. Maybe we are not in for a collapse afterall!? Maybe this is all a big show and headfake with a hidden purpose beyond just keeping us all in fear and incapable of critical thought. Maybe the Chinese are going to bale out the world and keep the Ponzi going for a few more years? Any ideas?
Tuco Benedicto Pacifico Juan Maria Ramirez
I'm sitting here doing a rare thing-watching the tube. Even rarer, CBC National.
They have the bobbled panel agreeing that dire economic harbingers are afoot.
A patina of fear seems to hang in the air.
The usuals to us. I was surprised they said that much.
They suggested to buy gold. Duh!
deleted...unnecessary advice
might be too late for gold and silver...now I am thinking about which guns to purchase.
I've been hearing this death of the dollar bullshit for years now.
Nevertheless, the prices of Treasuries continue to rise while the yields go down.
I don't buy this death of the dollar crap.
The deflationary pressure is just too strong.
I do, however, predict a commodity crash.
It wasn't too long ago that oil was 35 a barrel.
Look at it this way.
If you go into Bernanke's magic basement and print trillions of dollars, and then throw that money into a blackhole of debt, how much have you actually created?
But I could be wrong.
Who died and made me boss?
Anyway, so long and God bless.
http://geraldcelente.proboards.com
Dupe.
My bad.
Someone mentioned Volcker? He loves Ubama along with Buffett. They were among Mugabe's biggest supporters.
I'm afraid. I'm afraid, Dave. Dave, my mind is going. I can feel it. I can feel it. My mind is going. There is no question about it. I can feel it. I can feel it. I can feel it. I'm a... fraid.
The world's biggest hedge fund is the US Treasury.
The world's biggest ponzi scheme is the US Treasury
The world's biggest hedge fund is the Federal Reserve
What's on store for today?
First, I'm going to take a shit.
Then I'm going to drink coffee and smoke cigarettes.
After that, I shall watch Prison Break.
Tonight, we are having pork for dinner.
I live in Asia. Pork is very expensive.
Anyay, so long for now.
And God Bless all you Marxist cocksuckers.
http://geraldcelente.proboards.com
It's only the world's largest hedge fund if you don't count Berkshire Hathaway as a hedge fund. I know that they aren't technically a hedge fund, however their purpose is essentially the same. I hate to nit pick, I just think it adds a small level of credibility to Dalio. Not, perhaps, more than he deserves. However, it is more than he would otherwise be percieved as having.
The CFTC is still being held hostage by big money interest. They are also being threatened with less funding and restricted power.
The U.S. regulatory agencies are still a joke and TPTB don't realize the cat is out of the bag and they're making things worse.
http://tiny.cc/pdh7m (google search link to WSJ)
CFTC has become pathetic. They know what is going on but sit with their thumbs up their asses afraid to rock the boat. I'm sure they've been told it will bring on Armageddon if they do anything.
...asymmetry ...doubling is a 100% increase, halving is a 50% decrease.... of respective 'asset' value. The 100% trumps the 50%. By the same token, a 50% loss in capital value, requires a 100% appreciate to return to original value.
@ Bob Dobalina...well said Sir!
Let me tell you motherfuckers something.
Here's a mantra you all need to learn and love.
You can recite it as you fuck your fat girl friends.
The New Normal! Get used to it!
The New Normal! Get used to it!
The New Normal! Get used to it!
No need to thank me.
I'm here to help.
Anyway, so long.
And God bless all you Marxist cocksuckers.
http://geraldcelente.proboards.com
My birthday in 20012 is gonna rock!
Dalio knows that to maintain positive, real interest rates is all that is needed. RE, inner cities, commercial real estate in inner cities gets thumped. So what?
US economy would be back to sustainable growth in 2 years. Y'know after the bandits, car jackers, and re-distributionists had been dealt with.
I would attach a 40% chance that it goes this way....eventually. Y'know right around 2013.
Dalio knows that to maintain positive, real interest rates is all that is needed. RE, inner cities, commercial real estate in inner cities gets thumped. So what?
US economy would be back to sustainable growth in 2 years. Y'know after the bandits, car jackers, and re-distributionists had been dealt with.
I would attach a 40% chance that it goes this way....eventually. Y'know right around 2013.
<<Meanwhile, on the Internet, a site called "Economic Collapse" anticipated the high spirits of Independence Day with a list of 20 "not-so-great categories" in which the US really is Numero Uno. Its author first assures us of his loyalty:
I love the United States. I love the American people.
Then, he opens fire:
America is like an aging, bloated rock star that has become addicted to a dozen different drugs. America is a shadow of its former self and it desperately needs to wake up before it plunges into oblivion.
If you do not believe that America is in bad shape, just read the list below. The following are 20 not so good categories that the United States leads the world in....
#1 The United States has the highest incarceration rate in the world and the largest total prison population on the entire globe.
#2 According to NationMaster.com, the United States has the highest percentage of obese people in the world.
#3 The United States has the highest divorce rate on the globe by a wide margin.
#4 The United States is tied with the UK for the most hours of television watched per person each week.
#5 The United States has the highest rate of illegal drug use on the entire planet.
#6 There are more car thefts in the United States each year than anywhere else in the world by far.
#7 There are more reported rapes in the United States each year than anywhere else in the world.
#8 There are more reported murders in the United States each year than anywhere else in the world.
#9 There are more total crimes in the United States each year than anywhere else in the world.
#10 The United States also has more police officers than anywhere else in the world.
#11 The United States spends much more on health care as a percentage of GDP than any other nation on the face of the earth.
#12 The United States has more people on pharmaceutical drugs than any other country on the planet.
#13 The percentage of women taking antidepressants in America is higher than in any other country in the world.
#14 Americans have more student loan debt than anyone else in the world.
#15 More pornography is created in the United States than anywhere else on the entire globe. 89 percent is made in the USA and only 11 percent is made in the rest of the world.
#16 The United States has the largest trade deficit in the world every single year. Between December 2000 and December 2010, the United States ran a total trade deficit of 6.1 trillion dollars with the rest of the world, and the US has had a negative trade balance every single year since 1976.
#17 The United States spends 7 times more on the military than any other nation on the planet does. In fact, US military spending is greater than the military spending of China, Russia, Japan, India, and the rest of NATO combined.
#18 The United States has far more foreign military bases than any other country does.
#19 The United States has the most complicated tax system in the entire world.
#20 The US has accumulated the biggest national debt that the world has ever seen and it is rapidly getting worse. Right now, US government debt is expanding at a rate of $40,000 per second.
The truth is that America has changed. Most of us don't even say hello to our neighbors anymore.
The United States was once the most blessed nation on the face of the earth, but now we are literally falling to pieces.
Well, yes. We do have some ideas. But don't think for a minute that we're going to give you earnest advice on how to make the country a better place. There are approximately a million civil servants who are paid to do that! You can see for yourself what a good job they have done.
No, we're just going to explain how America became a country of fat poor people who - when they're not watching TV - are murdering and raping their fellow citizens.>>
From The Daily Reckoning web article by great Bill Bonner
Nevermind.
Here's the latest from Gerald Celente.
http://www.geraldcelente.proboards.com/index.cgi?board=general&action=display&thread=1476
I guess him and Jim Rogers are getting together to keep the politicians in their home states.
It's a good listen.
Peace.
principles below,
The World’s Greatest HF Manager Dalio’s Principles