No. of Recommendations: 2
...that would be 2007. Did rising interest rates play a part in the nastiness in 08 and 09? That time, it was people with mortgages who were leveraged out of their skull. Who is leveraged out of their skull this time? The AI "hyperscalers"? And why did the US get involved in propping up the Yen? To avoid Japan selling US Treasuries, that would knock bond prices even lower, and yields higher?
Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin
"I am confident that the government's financial condition is at an inflection point," Dalio wrote in a LinkedIn post published Friday. "If this is not dealt with now, the debts will build up to levels where they can't be managed without great trauma."
Dalio noted that the Treasury Department has "only limited capacity" to buy back bonds. Bessent told CNBC on Thursday that his team was going to "make a market" and that the purchases would likely top $4 billion.msn.com - Ray dalio says bessent move is sign that a debt crisis is getting closer recommends gold and bitcoinRun the country like a banana republic, there will be consquences.
Of course, twenty years ago, the "Starve the beast" crowd wanted to force a government financial crisis, so the government would be forced to fund only debt service and war, and throw "We The People" under the bus.
Steve
