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Monday, October 24. 2011

Dalio: There are no more tools in the tool kit.

At Surber. It's about deleveraging. A quote:



We can’t solve the problem easily because we still have too much debt. But we can move forward in being able to make the best of it. We can spread it out, we can keep orderly. We have a situation now in which we have a very severe situation, not only because we have a de-leveraging going on, but we have a situation in which monetary policy cannot work the way it worked in the past, that fiscal policy will not be stimulative.



He thinks we have a decade of economic doom in the US anyway. His biz is global.

Posted by The Barrister in Hot News & Misc. Short Subjects at 13:23 | Comments (2) | Trackbacks (0)

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Dalio is correct.

There is no questioning it's a debt and deleveraging issue. Stopping the Fed's insanity would be only a start of fixing things.

What happens when interest rates rise (as they eventually will)? Oh yeah, the debt explodes due to servicing.
#1 Bulldog on 2011-10-24 17:32 (Reply)
Yes, I've been hearing from a few trusted sources (who were right about 2008), that we ARE now in the start of a depression.

We could have stopped this depression in 2000 with some difficulty, but nobody has the political will to do what needs to be done now, by gutting our government budgets by 60-80%.

What can you do? Get rid of all debt, put a 10% stopgap of your wealth in precious metals, put all your other investments in cash equivalents.

Start a business, learn to garden, become a producer, refuse handouts.

Prepare your family to live one or two classes lower. Learn to live way below your income, save all you can. Learn how to fix things.

Become a leader by example in your family, community, and church. Tell people that this is coming and that they can prepare for it.

Hold our governments accountable to the bad decisions that they are continually making. Get involved with local, state, and national politics.

Seek spiritual answers.
#2 Mike on 2011-10-25 14:14 (Reply)

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