Ray Dalio: to 60 minutes USA: the state of American capitalism "is a national emergency" - remember the Fed - [PEACE]
zen at freedbms.net
Mon Apr 8 20:03:46 PDT 2019
Remember the Fed, muh goys...
Ray Dalio is somewhat wealthy - the kinda guy who can flick $100
Million to "Connecticut's public schools" kinda wealthy.
Founder of Bridgewater Associates, Dalio gets much air time plugs at
various financial interest sites and shows, with his latest tier-1 a
'60 Minutes' interview - aboard (one of) his yachts near the Bahamas.
"The American Dream Is Lost" - Ray Dalio Tells '60 Minutes' Why
American Capitalism Must Be Reformed
… Dalio: "I think the American dream is lost...for the most part we
don't even talk about it."
… "It's not redistributing opportunity...there's a growing wealth
gap and a growing income gap."
… "If I was president of the United States what I would do is
recognize that this is a national emergency."
… "If you look at history, if you have two groups of people with
very different economic conditions, and you have an economic down
turn...you get conflict. If you look at the 1930s, you had 4
countries that were democracies that chose not to be democracies to
bring order to the conflict."
… "Capitalism needs to be reformed...it doesn't need to be
abandoned. it needs to be reformed in order to work better.
American capitalism isn't sustainable."
… Bridgewater has made money for its clients during 25 of the last
28 years. And last year, when the S&P 500 sank 4.5%, Bridgewater
posted a double-digit gain.
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