Bridgewater Associates founder Ray Dalio joins ‘Sunday Morning Futures’.
In an interview with “Sunday Morning Futures” host Maria Bartiromo, Bridgewater Associates founder Ray Dalio warned of a possible capital war if the United States government bans investment in China or withholds bond payments to the country.
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“If you say, by law, don’t invest in China or even withhold payment on the bonds that the United States must pay in China, these things are possibilities and have big implications, such as the value of the dollar because investors, previous investors to commercialization, they are not used to those things being dictated by the government, “Dalio said. “So these are tough questions that need to be addressed right now.”
Traders, some wearing medical masks, work on the floor of the New York Stock Exchange on March 20, 2020 in New York City. (Photo by Spencer Platt / Getty Images)
Dalio said that we are in an “ideological civil war” with the Chinese and that when it is combined with “an economic recession in which the printing of money and the creation of money from nothing occurs”, greater problems are created for the economy. U.S.
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Dalio’s biggest problem is “the strength of our money.”
“You can’t keep running a deficit, sell debt or print money instead of being productive and keeping it for a period of time,” said Dalio.
He warned that if we don’t work together to make better decisions about our money, the economy will decline.
“If we don’t work together to do things right, to be productive, to earn more than we spend, to build the stability of our currency and build a good balance sheet, we are going to decrease. We are decreasing because of those things,” said Dalio . “And so it is, basically, on those fundamentals that are the most important things that we deal with. We are our worst enemy, so how we treat each other solidly and productively in a way that most people in the country believe which is fair to determine our future. “
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