Commonwealth Club of California Podcast cover image

Ray Dalio: Principles for Dealing with the Changing World Order

Commonwealth Club of California Podcast

00:00

The Importance of Federal Debt and Reserve Currency

For many people, the idea of federal debt or reserve currencies are very abstract things. Can you clarify the importance of both for the everyday listener really great I'll try. One man's debts are another man's financial assets. And when there's more and more debt that either has to be paid back in let's call it hard money, which creates an economic downturn just by the nature of debt. So think about it today. You get basically zero interest rate in an economy that has last year was 7% inflation but might have a 5% inflation.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app