Billionaire Investor Ray Dialo is Worried About Something Worse Than a Recession \ stacker news ~econ

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Billionaire Investor Ray Dialo is Worried About Something Worse Than a Recession youtu.be/Topa3LKgolw

976 sats \ 17 comments \ @TNStacker 13 Apr econ

217 sats \ 5 replies \ @Undisciplined 13 Apr

Reminds me of my favorite Jordan Peterson line: "There's also some dumb thing you can do to make things worse."

Not sure if that's relevant, but it usually is.

What the world needs more than almost anything is humble leaders willing to do the hard thing. Nothing. Freedom and free markets work. I wish more people actually believed it and weren't commies pretending to be liberals and conservatives.

81 sats \ 0 replies \ @Car 13 Apr

Amen

21 sats \ 2 replies \ @Solomonsatoshi 13 Apr

There has never been an empire of wealth and sustained dominance that did not combine the power projection capacity of the state with its trading and manufacturing merchants.

The nation state and its strategic power projection role in facilitating stable rule of law internally and resource capture, trade routes and market access externally is a crucial factor in the wealth of nations.

A cursory study of history confirms this and relieves us of the delusional Libertarian dogma that free markets are all you need.

71 sats \ 1 reply \ @kepford 13 Apr

Willing. Sometimes you may need to do something but these power hungry sociopaths are so duluded they think they must do something even when they have no clue about the consequences.

The masses still worship false gods. Men pretending to be deities. Men pretending systems are gods.

47 sats \ 0 replies \ @kepford 14 Apr

Remember when they just made up random rules and acted like they knew what they were doing during Covid.

History is littered with the arrogance of man. Elites that view us as fodder to be used to build emipres. They pit us one against another. People that have to beef with one another. Jesus showed us a better way but he was killed by people like I am describing. He is King and will return to rule and reign.

121 sats \ 7 replies \ @Solomonsatoshi 13 Apr

USA and USD face insolvency. Nobody trusts USTs ars being good as gold anymore.

China won the trade war now USA must fight to retain its legacy financial system hegemony upon which its viability as the primary super power now depends.

China has mBridge ready to go to replace the USD/SWIFT trade payments protocol. Without USD/SWIFT hegemony and the rent and seigniorage it brings, the USA is broke.

21 sats \ 5 replies \ @BlokchainB 13 Apr

China is broke as well

21 sats \ 4 replies \ @Solomonsatoshi 13 Apr

Trade surpluses growing larger every year for the last 40 years reaching Trillion dollar trade Surplus last year says otherwise. China stopped buying UST junk bonds about five years ago. Instead they invest in real world productive and strategic assets and infrastructure. China Development Bank now funds more global infrastructure investment globally than the World Bank. Their tertiary level strategic infrastructure investment in CBDC based trade payments protocol mBridge - independent of USD/SWIFT hegemony - is nearing implementation stage and at that point US empire viability goes swiftly out the window.

42 sats \ 3 replies \ @BlokchainB 13 Apr

So what. They are still massively over leveraged. Especially the real estate market. The reaction to tariffs is proof. The world’s goods are still priced in dollars. No one would ever trust the CCP to hold the yuan in reserve.

102 sats \ 2 replies \ @Solomonsatoshi 14 Apr

Really?

Let's look at the facts shall we-

Following the GFC the IMF asked China to join its board of reserve currency issuers. It was Chinas productive economy that bailed out the collapsing global financial system from paralysis.

China became the first and only IMF reserve currency board member not to be both monetarily and militarily a tribute state to the USA - because China had already won the trade war- its productive capacity competitive advantage is second to none- while the USA ekes out the last drops of fiat USD debt funded seigniorage, solvency, debt rents and leverage it can, China has already prepared its mBridge CBDC trade payments protocol - Brazil, India, Thailand, Russia, Iran, UAE and Saudi Arabia and others are already or preparing to join it.

The petrodollar is facing its imminent demise.

There is no nation today that can deprive itself of Chinese supply chains and commodity markets without inflicting significant economic pain upon itself - certainly the USA cannot.

BTW Blackrock and other greedy/gullible western hedge funds ended up carrying the can for Evergrande bonds they bought that are now worthless - https://www.fnlondon.com/articles/blackrock-vanguard-shareholdings-in-evergrande-plummet-by-more-than-250m-20210928 https://www.straitstimes.com/business/banking/bluebay-blackrock-ashmore-and-ubs-exposed-to-evergrande-says-morningstar China learned a thing or two since the Opium Wars.

21 sats \ 1 reply \ @BlokchainB 14 Apr

Then why is gold and oil still priced in dollars on Bloomberg terminals? All the countries you mentioned don’t have robust economies. USA tricked the world into taking paper for stuff and thinking the USD is stable. That is why tether is one of the most profitable business per employee on the planet.

I’m not refuting anything you are posting but China misplayed their hand. The demographics are terrible I also read somewhere that Mississippi has a higher GDP than Shanghai. California it self has a higher GDP then most of the nations in the world.

Until people demand the Yuan and not the stuff that China makes then I can start to see the shift but the world just made China it’s sweatshop at the expense of human rights and an organic growth of the Chinese middle class. The CCP took the surpluses and didn’t empower their people on mass. Just the oligarchs and the CCP elite got to feast while the common Chinese citizen got the short end of the stick. Why most still try to come to the USA to have a chance at wealth and storing in something that isn’t stripped away by the CCP.

The world is done feasting on China‘s sweatshop and always breaking the rules. It’s a new day and China needs to come up with something or they will lose.

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35 sats \ 0 replies \ @TNStacker OP 14 Apr

I don't think most westerners comprehend China's strategic perspective. Our system disincentivises strategy over tactics. It's why we can't win long wars and it is why we will not maintain economic and financial dominance.

Pride comes before the fall.

169 sats \ 0 replies \ @Car 13 Apr

Bridgewater China's "All Weather" product was launched in 2018 and proved resilient during the Sino-U.S. trade war, the COVID-19 pandemic, and even last spring's "quant quake" that swiped many Chinese hedge funds.

💫 Ray Dalio what a great American. Deeper motives/forces at play here that are not just financial.

21 sats \ 1 reply \ @Lazy_AMA 14 Apr

Maybe when depression sets in, he'll worry less about recession. Too much worry solves no problem. Just stay optimistic. 🤗

28 sats \ 0 replies \ @TNStacker OP 14 Apr

Sounds like the ostrich approach.