A couple of weeks ago, we noted that Bridgewater Associates was having some problems: Not only had an arbitrator ruled that it could neither control its former employees for the entirety of their natural lives and possibly beyond, nor make shit up to further that end in a quasi-legal proceeding, but its two favorite countries are having some problems.
“There’s a trade war, there’s a technology war, there is a geopolitical war and there could be a capital war,” Dalio said on Fox’s “Sunday Morning Futures.”
“If you say by law ‘Don’t invest in China,’ or even possibly withholding the payment of bonds that the United States owes payment on in China — these things are possibilities, and they have big implications, such as for the value of the dollar,” he said….
“The things I worry about the most are the soundness of our money,” Dalio said. “You can’t continue to run deficits, sell debt or print money rather than be productive and sustain that over a period of time.”