Ray Dalio on US Debt concerns

[Kingran]

He is concerned about the debt and warns it is an issue. The remedies are:

Asked whether the U.S. debt problem could lead to a period of austerity, Dalio said the issue could result in a restructuring of the debt, the U.S. applying pressure on other countries to buy the debt, or even cutting off payments to some creditor countries.

Ray Dalio warns that mounting U.S. debt problems could lead to ‘shocking...

He further predicted it could lead to war, etc. Nowhere, these billionaires talking about raising taxes to pay for it. You can raise tariff, you can write-off, or force someone to take your debt, but don’t tax the rich a bit more.

Interesting.

[thegreatdane]

There will likely be many ‘deals’ made to continue ‘business.’ Interest rates will want to rise in that environment. Unless, something, something bitcoin.

[SuisseBear]

@Kingran

Asked whether the U.S. debt problem could lead to a period of austerity, Dalio said the issue could result in a restructuring of the debt, the U.S. applying pressure on other countries to buy the debt, or even cutting off payments to some creditor countries.

In other words, it might be the US‘ problem, but others will be compelled to pay for its resolution.

[jerryab2]

@Kingran

You can raise tariff, you can write-off, or force someone to take your debt, but don’t tax the rich a bit more.

Require they invest $2B/yr EACH in 1% US Treasuries for 100 year notes. Cheap at 5x the price.