Ray Dalio

So I did that and also how individuals should deal with it. That's why I did this study. So this is, in a nutshell, if we don't cut the budget deficit down to 3% of GDP, which is now probably going to be about 6.5% of GDP, if we don't cut it there, we will have... a heart attack. That's everything. In other words, money and debt, money is debt and debt is money.

And what happens is if we don't deal with that and get, we're in very serious shape. Yes, we are likely to have a heart attack, an economic heart attack.

And what happens is if we don't deal with that and get, we're in very serious shape. Yes, we are likely to have a heart attack, an economic heart attack.

And what happens is if we don't deal with that and get, we're in very serious shape. Yes, we are likely to have a heart attack, an economic heart attack.

Here's how it would go. We have to sell a lot of debt. There's not enough buyers of the debt. and then the buyers are not adequately there. What happens? Either interest rates have to go up and constrict the demand, what you can sell, or the Federal Reserve has to come in and print money and buy all this debt, which is inflationary. In either case, it has the effect of reducing buying power.

Here's how it would go. We have to sell a lot of debt. There's not enough buyers of the debt. and then the buyers are not adequately there. What happens? Either interest rates have to go up and constrict the demand, what you can sell, or the Federal Reserve has to come in and print money and buy all this debt, which is inflationary. In either case, it has the effect of reducing buying power.

Here's how it would go. We have to sell a lot of debt. There's not enough buyers of the debt. and then the buyers are not adequately there. What happens? Either interest rates have to go up and constrict the demand, what you can sell, or the Federal Reserve has to come in and print money and buy all this debt, which is inflationary. In either case, it has the effect of reducing buying power.

It produces one type of a problem or another type of a problem. The inflationary problem that we experienced before was because of all of the debt and money that was handed out. And so you can see a big version of that, something that could be worse than that if this isn't handled well. And think about it. Our buying power all around the world is very much connected to the value of our money.

It produces one type of a problem or another type of a problem. The inflationary problem that we experienced before was because of all of the debt and money that was handed out. And so you can see a big version of that, something that could be worse than that if this isn't handled well. And think about it. Our buying power all around the world is very much connected to the value of our money.

It produces one type of a problem or another type of a problem. The inflationary problem that we experienced before was because of all of the debt and money that was handed out. And so you can see a big version of that, something that could be worse than that if this isn't handled well. And think about it. Our buying power all around the world is very much connected to the value of our money.

So this is a very, very big issue. Yes, you can have that kind of a problem.

So this is a very, very big issue. Yes, you can have that kind of a problem.

So this is a very, very big issue. Yes, you can have that kind of a problem.

I think that there's a real recognition of the circumstances. There may not be as much public discussion about how serious the situation is. But we have all of these coming together. We have the debt issue. We have the internal fight of how the countries run. Think about the budget cuts and how they're taking place. That's a two-edged sword.

I think that there's a real recognition of the circumstances. There may not be as much public discussion about how serious the situation is. But we have all of these coming together. We have the debt issue. We have the internal fight of how the countries run. Think about the budget cuts and how they're taking place. That's a two-edged sword.

I think that there's a real recognition of the circumstances. There may not be as much public discussion about how serious the situation is. But we have all of these coming together. We have the debt issue. We have the internal fight of how the countries run. Think about the budget cuts and how they're taking place. That's a two-edged sword.

And think about the conflict internally, and it's coming with conflict externally. So they're being dealt with, but think of it like a patient that is not in good shape. You cannot change some of these things. You can only try to deal with them at their stage in the best possible way.

And think about the conflict internally, and it's coming with conflict externally. So they're being dealt with, but think of it like a patient that is not in good shape. You cannot change some of these things. You can only try to deal with them at their stage in the best possible way.

And think about the conflict internally, and it's coming with conflict externally. So they're being dealt with, but think of it like a patient that is not in good shape. You cannot change some of these things. You can only try to deal with them at their stage in the best possible way.

Of course, it's so much better. Like who doesn't like spending? You give credit. It's the paying back that's the problem, right?