Dalio Warns Of Dollar Crisis: “History Is Doomed To Repeat Itself”

September 20, 2018

“History is due to repeat itself” warns Ray Dalio on Bloomberg

– “I think it will be more of a dollar crisis than a debt crisis” says Bridgewater Founder

– “It will be more of a political and social crisis…”

– “Balance is key” and if going to be active investor, you need to be contrarian and “buy when there is blood in the streets”

– Bridgewater continues to own gold and Dalio views gold as a currency and as money

– “It’s not sensible not to own gold…” Dalio told the CFR

Watch Bloomberg Markets and Finance video via YouTube here

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The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

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