Ray Dalio’s Doomsday Prophecy: Bitcoin to the Rescue? 🤔

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On a day that will forever be etched in the annals of financial melodrama—April 13, 2025—Ray Dalio, the billionaire maestro of Bridgewater Associates, graced NBC’s Meet the Press with his apocalyptic musings. “We are teetering on the precipice of a recession,” he declared, his voice dripping with the gravitas of a man who has seen the future and found it wanting. But wait, there’s more! Dalio warned of something far more sinister lurking in the shadows: a catastrophe that would make the Great Depression look like a tea party. 🎭

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“Worse than a recession”

When pressed to elaborate on his cryptic warning, Dalio unleashed a torrent of doom. The American monetary order, he said, is being eroded by a mountain of government debt, while the political order is unraveling in a cacophony of internal strife. Add to this the chaos of external conflicts, technological upheaval, and the occasional flood or pandemic, and you have a recipe for disaster. Tariffs, he scoffed, are merely the cherry on this sundae of despair. 🍒

Dalio’s prognosis? A crisis that could rival the 1930s in its devastation. He painted a grim picture of a nation teetering on the brink of collapse, its monetary system in shambles, and its democracy a shadow of its former self. And just when you thought it couldn’t get any worse, he hinted at the possibility of America being dragged into an international military conflict. Cheers to that! 🥂

“Tariffs are only a symptom.”

In a pre-interview X post, Dalio dismissed tariffs as a mere symptom of a much larger malaise. The real culprit, he argued, is the unsustainable debt that has turned the global economy into a house of cards. He lamented the decline of American manufacturing and the hollowing out of the middle class, all while China continues to tighten its grip on the world economy. The old order, he declared, is on its last legs. 🪑

The old monetary/economic order in which countries like China manufacture inexpensively, sell to Americans, and acquire American debt assets, and Americans borrow money from countries like China to make those purchases and build up huge debt liabilities will have to change.

Dalio’s only glimmer of hope? That Trump’s tariff policy might spur technological innovation in the U.S. But even this silver lining is clouded by the specter of disruption and decay. The old system, he warned, is doomed. The only question is whether it will go quietly or with a bang. 💥

Ray’s not wrong but he’s just not free to say what I can.

Yeah, tariffs are a sideshow.

This isn’t about policy tweaks.

It’s the controlled demolition of a dying global system built on cheap Chinese labor, Wall Street debt games, and Washington sellouts.

Ray sees the Big…

— blockbuster von doosh (@thedooosh) April 8, 2025

Dalio offers a solution

Ever the optimist, Dalio proposed a way to stave off the impending doom: a “3% pledge” to reduce the budget deficit. He warned that failure to act swiftly could see the deficit balloon to 7%, triggering a cascade of negative effects that would bring the American monetary system crashing down. But hey, no pressure, Congress! 🏛️

Can Bitcoin be a solution?

When it comes to Bitcoin, Dalio is a man of contradictions. He holds some crypto in his portfolio but remains skeptical of its potential as a safe haven. “I prefer gold,” he admitted, as if choosing between two flavors of ice cream. 🍦 Bitcoin, he argued, is too volatile and transparent to serve as a reserve currency. But don’t tell that to Donald Trump and Michael Saylor, who see Bitcoin as the key to devouring the U.S. national debt. Meanwhile, Larry Fink of BlackRock warns that the debt could undermine America’s leadership in the crypto space. The plot thickens! 🍿

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2025-04-15 23:34