Where we are in the big cycle of money, credit, debt and economic activity and the changing value of money
“Most people worry about whether their assets are going up or down; they rarely pay much attention to the value of their currency. Think about it. How worried are you about your currency declining? And how worried are you about how your stocks or your other assets are doing? If you are like most people, you are not nearly as aware of your currency risk as you need to be.”
USAGOLD note: Dalio goes on to recommend gold as one of the ways to preserve wealth when the currency is deteriorating.