Dalio: America’s worst nightmare

Bloomberg/Brian Chappatta/11-19-2018

“His concern — shared by BlackRock Inc.’s Larry Fink, among others — is that swelling U.S. budget deficits will eventually irk big buyers overseas. Dalio said two months ago that ‘You easily could have a 30 percent depreciation in the dollar’ as the Fed has little choice but to monetize the national debt.”

USAGOLD note:  The highly-respected Mr. Dalio has made several statements over the past several weeks along these lines.  His firm, Bridgewater Associates, is the world’s largest hedge fund.  Dalio often speaks to the merits of gold ownership in these times.

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