Billionaire Ray Dalio Warns More Money Printing Coming for US Amid Rapid Debt Accumulation - The Daily Hodl
The Daily Hodl
19 Sep 2023 9:15 AM
Billionaire investor Ray Dalio says that the US will likely turn on the money printers again as it takes on more debt. ...
- Billionaire investor Ray Dalio predicts that the US will resort to printing more money as it accumulates more debt.
- Rising debt levels could lead to a recession and the reintroduction of quantitative easing, which increases the supply of dollars in the financial system.
- The US national debt currently stands at $33.044 trillion, according to the U.S. Treasury Department.
- Dalio warns of a "big risk" for the US, as bondholders may choose to sell their bonds if their value decreases due to money printing.
- Dollar debasement resulting from increased money supply can lead to a decline in the value of US bonds, making them less attractive to investors.
The sentiment of the article is negative, as it highlights the potential risks and challenges associated with the US accumulating more debt and resorting to money printing.