Ray Dalio's Worst Nightmare: Prepare For Hyperinflation

From Peter Schiff to billionaire Ray Dalio, numerous prominent figures in finance have hinted at or directly predicted the end of the US dollar. Now more than ever, questions about the stability and future of the US dollar are becoming more pressing. How many countries are abandoning it? Will it crash? Are we on the verge of losing our global influence by losing the status of the world's reserve currency? To answer that question we need to start with a bit of history.

Interview Clip From The Finimize Channel

[tatianastarcic]

News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.

[roosefeitosa]

The economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[shellylofgren]

High inflation is followed by uncertainty and panic, making me wonder if it's time to liquidate my $200k portfolio, or maybe consider some defensive investments. I've heard analysts emphasize on value stocks performing good, what stocks exactly can be the ultimate hedge?

[AmithKaury]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300, 000, yielding almost no gains for quite some time.

[michaelsix]

in ten yrs. all the Federal taxes collected will be used to pay interest on the debt with nothing left over, things need to change in DC

[johnmcleod]

We are looking into the face of the biggest shit storm in recorded history and most people are not even close to having a Lol

[blackaugust]

QE is like a painkiller, instead of fixing the source of the problem, government just keep making the problem bigger by borrowing money but not changing how they spend money.😂

[LucaZaniolo]

As we witness the current economic landscape, it's becoming increasingly clear that these Recessional times can pose significant financial challenges.

[bersig]

I knew things had fundamentally broken when the Congressional nomenclature changed from "budget bill" to "spending bill". Now we're in a situation where the money has been spent. The only thing left to determine is which taxpayers are going to pay for it, the ones alive now or the ones 30 years from now who haven't been born yet.

[Think-Harder-Duh]

People are talking about hard assets like, land, gold, and silver. The problem is, when push comes to shove, that corruption will come in to steal all of that. That’s why you also need the other side of hard assets, firearms and ammunition.

[weasel]

Seriously... I'm 41 years old and I've been saying this since I was 29 and figured it out. Every single country that wanted to maintain its own sovereign autonomy long term, should have been buying up gold and silver since the time that Nixon took the US dollar off the gold standard.

Instead it's only the last 10 years or so that I see countries slowly building up their precious metal reserves.

[francysvarona]

If we didn’t have a central bank we wouldn’t have interest on our debt

[Cassander]

We will throw rules out when they stand in our way to get a constitutional convention of young men in the United States

[eliteoutlaw]

Decrease defense. Stop lobby pay to play. Place real rules on corporations

[DixiDarlen]

Excellent comments and, I agree with you 100 percent. Forget about everybody else, the only thing that really counts is, what you decide to do financially for yourself and your family. Also, wealth even as a certain dollar value in your investment, retirement, and bank accounts is very subjective. Prefer to use the term financially comfortable which, for myself is as follows: I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[missinglinq]

This is how I learned to stop worrying and love the debt. 1. The US Debt is monetized in US dollars. 2. The US owes the majority of its debt to its own people. 3. The cost to service the US debt currently remains at historical average. 4. There is not better option for currencies. The Yuan - are you kidding me? The Euro - Europe is dying. The Yen - enough said. 5. The Fed will do whatever it needs to to inflate the debt away, which is what we see right now. A fully loaded Ford F250 is now 108k out the door. 6. And finally, if all else fails, the paradigm of money will completely shift, the US will mint 40 coins, valued at 1 trillion each, and transfer the debt from a private enterprise (the Federal Reserve) to a US backed digital currency backed by the full faith guarantee of the American Economy (tax payers). Now, this may all be B.S., but one thing is certain, the spending will never stop.

[nathanielcarreon]

I thought we are already in one just by prices of everything needed to live.

[Cyrus]

Peter Schiff, Marc Faber and Mike Maloney have been predicting hyperinflation since the late 2000s

[MagicAndReason]

The obvious answer is a tax cut for America's richest people & corporations.

[MrJchang]

Numbers tell the truth! Big corporations have move their $$ oversea!