Bridgewater Associates: Economics class in 30 minutes.
Ray Dalio believes the world is moving towards a big paradigm shift. Central banks have injected a huge amount of money, increasing asset prices across the board without having any significant effect on economic growth or inflation.
Public deficits are substantial and increasing, health and pension obligations are increasingly due without the ability to meet them, and inequalities are widening as a result of asset inflation, technological advances and lack of credit for the “non-believers.
According to Dalius, as debt monetization becomes the easiest option for governments to deal with non-performing debt obligations, the profitability of the world’s three major reserve currencies as viable reserves of wealth will be threatened.
The paradigm we find ourselves in is unsustainable.
article on https://www.bitconio.net/cryptoeconomy/bridgewater-associates-economics-class-in-30-minutes/
