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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

Maneet Ahuja
CNBC [1]
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.

Full story here. [1]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/49117901

[2] World food prices rise further, raising fears of unrest: http://www.prisonplanet.com/world-food-prices-rise-further-raising-fears-of-unrest.html

[3] China Social Unrest Getting Out of Control: Expert: http://www.prisonplanet.com/china-social-unrest-getting-out-of-control-expert.html

[4] Crisis raises risk of social unrest in Asia: http://www.prisonplanet.com/crisis-raises-risk-of-social-unrest-in-asia.html

[5] 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

[6] 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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