Odd Lots Ray Dalio on the Coming Crisis in US Debt
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Mar 3, 2025 
Ray Dalio, billionaire founder of Bridgewater Associates and author of "How Countries Go Broke," dives deep into the U.S. debt crisis. He discusses the dynamics of debt cycles and what indicators signal an impending crisis. Dalio warns of potential economic instability and shares strategies for investors, including insights on Bitcoin and gold. He also reflects on historical economic challenges and the need for bipartisan solutions to manage national debt. Plus, hear how he had a hand in creating the beloved Chicken McNugget!
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Chicken McNugget Origins
- Ray Dalio consulted for McDonald's on pricing Chicken McNuggets.
- He helped create a hedging strategy for chicken prices, enabling stable menu pricing.
Learning from History
- Studying past market events, like Nixon taking the US off the gold standard, helps anticipate future crises.
- This historical perspective allowed Dalio to foresee the 2008 financial crisis.
Current Fiscal Risks
- The US has high debt and inflation, requiring a tightening policy.
- However, excessive debt creates systemic risks similar to plaque in arteries.
