Ray Dalio Warns 'Disastrous Financial Collapse' Is Coming

The U.S Debt Ceiling problem has been humming along in the background for most of 2023

But it’s finally reached its end point,

If congress fails to reach a deal to raise the debt limit by the end of this week, the U.S will default on it’s debt for the first time in history.

Ironically, this exact scenario which everyone seems to be so afraid of, isn’t even the worst outcome.

And according to Ray Dalio’s latest memo, the most likely outcome of all of this, probably leads to what he calls a disastrous financial collapse.

Damned if you do, damned if you don’t, the US faces a paradox of choices, where the only good outcome requires political cooperation that has practically never been seen before.

Every time the debt ceiling has been raised in the past has essentially been the government kicking the can down the road.

Well, the US has run out of road, raising the debt limit isn’t going to fix the problem anymore.

Thanks to HOME for the background music in this video

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

[Patriciabanks]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[sarahdipms]

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.

[Graham_Strategy]

94 kUSD debt per person in the US - what could possibly go wrong?

[bolognaandeggs]

Great video! I'd love to watch this whole interview but i can seem to find it online.

[subramanianrajiv]

Informative, well explained and well presented. Keep it up, Hamish 👍

[ciaran]

Even a broken clock is right twice a day

[dhrubojyoti]

Excellent and much needed video! Subbed!

[MAchannel]

The US military industrial complex is the only part of spending that is not being touched.
The US wants to make sure imperialism is alive and well.

[felixclark-dumais]

Ray dalio would be an amazing choice for the next secretary of US treasury

[alephzero]

Why would the US government even need people to lend it money?The Fed

[andthefunkybunch]

"Aren't enough people" not "isn't enough people".

"The leaders from both sides" not "the lenders".

[Moigle]

I'd say that the US defaulted on its debt in 1971, when it abandoned the gold standard.

[whatsup]

As a investors how did u know about company strategy to revive it's decline business?eg. Walmart use high discounting model stratagy. So from where do u analysis there stratagy? Source. Expecting your reply

[soulesailor]

Cool video. So many financial videos say the same things. I like Dalio's ideas.

Thanks for the video Hamish! It's kind of sad that the YT algo is pushing us investing creators to create more of those macro-focused videos, isn't it? These videos by you have been massive hits, but personally, I really prefer the more "micro"-focused (bottom-up business research) videos.

[parnalysis]

Ray Dalio has been saying this for years

[georgekafantaris]

NOTHING HAS HAPPENED FOR DECADES, ILL BE DEAD SOON

[rajibear]

I thought true investors are supposed to ignore all the macro economic gyrations and predications and focus on fundamentals? What happened to the investing fundamentals videos ? Nice video though

[barryshaw]

That’s a great idea, stop paying federal employees a pension, they got us in this mess why pay them for it.

[siemtehennepe]

He @hamish. I appreciate your videos and you're very knowledgeable, however you know, as many other famous and well established investors, focusing on macro economics has no role in long term value investors. Lately you've totally started focusing on macro economics, so called "inflation" crises, collape incoming, etc.

I personally enjoyed your investing related videos alot more. Deep dives into business, mindset, psychology, etc. Just my opinion, i might be the only one i suppose.