Billionaire Ray Dalio says President Donald Trump’s tariff war has helped push America close to a recession — or perhaps even “something worse.”
Yeah it could to actual war-war
Like people waking up and actually doing something effective against the billionaire class?
Like World War 3
I think he is more afraid of people with torches, pitchforks, and French size reduction devices…
Still can’t believe these idiots wanted this ghoul over Harris considering how much more stable the economic growth is under Ds compared historically to Rs.
ANYTHING to avoid paying even a CENT of taxes… even if the losses are 100x that under this new despotic era they’ve helped bring us into.
Consistent periods of shocks and recovery are much better for billionaires than simple steady growth. The latter is better on paper, but it’s also better for everyone else, which means more competition for them. During shocks they can lower everyone elses standards and increase their relative wealth by buying from desperate people.
Ray Dalio’s a quack. He’s a broken clock that is only right once a day.
Yeah, but since the last time was 2008 maybe this is his next day?
Yeah, me too buddy. It’s almost like that’s their explicit goal or, perhaps, project?
Uhh… I think that’s the goal. We are trying to dominate and colonize the world in plain site. World conquest starting with Greenland, Canada and the control of the Arctic.
He is probably talking about worse “for rich people”.
Recessions for rich people is just making less money, maybe moving out of the states, maybe selling some assets.
He probably does, but he also seems not entirely stupid.
In this video, he even calls out high levels of inequality and agitation between wealthy and poor as a reason Empires begin to fail.
It’s easy to get distracted by the loud stupid wealthy, but I think Ray Dalio may actually be one of the ones who sees the forests for the trees, even if he’s still mostly working to improve his own position and not society in general.
yeah I get annoyed with the knee jerk reaction of X is a rich asshole and its all the same. There are some that recognize that there needs to be some balance.
Well the problem is balance=no billionaires. I don’t think any billionaire would be on board with this so we can safely assume it cannot be an agreement with them really. A billionaire saying “we must listen to the problems of non billionaires” is just trying to put a band-aid on an open wound.
