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Dalio Fears Social Unrest That Led to Hitler’s Rise
Posted By yihan On September 22, 2012 @ 2:41 am In Money Watch | Comments Disabled
Saturday, September 22, 2012
Ray Dalio, founder and co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates, thinks it’s likely the euro will survive; however, he does predict a “10 to 15 year managed depression” in Southern Europe. In a worst case scenario, he painted a much darker picture.
“When people get at each other’s throat, the rich and the poor and the left and the right and so on, and you have a basic breakdown, that becomes very threatening,” Dalio told CNBC in an exclusive interview on “Squawk Box.”
“For example, Hitler came to power in 1933, which was the depth of the Great Depression, because of the social tension between the factions. So I think it very much is dependent on how the people work this through together and worry about the social elements.”
Still, he said the most likely situation is a prolonged delveraging process.
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URLs in this post:
 CNBC: http://www.cnbc.com/id/49117901
 World food prices rise further, raising fears of unrest: http://www.prisonplanet.com/world-food-prices-rise-further-raising-fears-of-unrest.html
 China Social Unrest Getting Out of Control: Expert: http://www.prisonplanet.com/china-social-unrest-getting-out-of-control-expert.html
 Crisis raises risk of social unrest in Asia: http://www.prisonplanet.com/crisis-raises-risk-of-social-unrest-in-asia.html
 Jim Rogers: “I Expect More Currency Turmoil, More Social Unrest, More Governments Collapsing”: http://www.prisonplanet.com/jim-rogers-i-expect-more-currency-turmoil-more-social-unrest-more-governments-collapsing.html
 FTSE 100 plunges amid Eurozone fears and unrest in Egypt as oil prices rise to year-long high: http://www.prisonplanet.com/ftse-100-plunges-amid-eurozone-fears-and-unrest-in-egypt-as-oil-prices-rise-to-year-long-high.html
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