Hedge Fund Manager Says World Headed for an Economic ‘Heart Attack’

We say prepare now with gold and silver!

The US government collects $5 trillion.  It spends $7 trillion.

And that is not a recipe for economic health!

That’s the view of hedge fund superstar Ray Dalio, the founder of Bridgewater Associates.  Five years ago we included Dalio in our pantheon of billionaires that were urging you to buy gold.  

He sure got that right!

And there’s more to come for gold.  Here’s Dalio’s heart attack metaphor about Washington’s economic peril:

It’s spending 40 percent more than it takes in, and it can’t really cut spending because so much of it is fixed. It’s accumulated a debt that’s six times its income…  The credit system is like a circulatory system that brings nutrients—buying power—to different parts of the economy. If that buying power is used to generate income, then the income services the debt, and it’s a healthy system. But when debts, debt service payments, and interest rates rise, they begin to crowd out other spending—like plaque in the circulatory system—creating a problem akin to an economic heart attack.

-Ray Dalio, Founder of Bridgewater Associates

Ray Dalio says we are at point of no return.  There’s not much Washington can do at this point but institute capital controls and print money.  Warning signs are flashing, he says.  Now gold is reclaiming its place in the global monetary order, having this year surpassed the euro to become the world’s second-largest reserve currency.  

We agree with Dalio’s observation, that “if you don’t own gold, you know neither history nor economics.”

If you would like to know more about gold’s role in the global monetary order, and what gold can do to protect your own financial health, why not make an appointment with us at Republic Monetary Exchange.  We’ll brief you on developing monetary trends and discuss prudent steps you can take today to meet the challenges ahead.