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The Head Of The World’s Biggest Hedge Fund Sees “Economic Collapse” Due To Money Printing By Early 2013
Posted By admin On July 18, 2011 @ 4:39 pm In Featured Stories | Comments Disabled
Zero Hedge 
Monday, July 18, 2011
As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio – head of the world’s biggest hedge fund, Bridgewater.
Dalio’s fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge – Dalio believes that future inevitable money printing will “lead to a collapse in currencies and bond markets.” Dalio is even kind enough to give a time frame. “I think late 2012 or early 2013 is going to be another very difficult period.” He is, to say the least, quite diplomatic.
From the full interview:
Dalio believes that some heavily indebted countries, including the United States, will eventually opt for printing money as a way to deal with their debts, which will lead to a collapse in their currency and in their bond markets. “There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency,” he said. Other developed countries, particularly those tied to the euro and thus to the European Central Bank, don’t have the option of printing money and are destined to undergo “classic depressions,” Dalio said. The recent deal to avoid an immediate debt default by Greece didn’t alter his pessimistic view. “People concentrate on the particular thing of the moment, and they forget the larger underlying forces,” he said. “That’s what got us into the debt crisis. It’s just today, today.”
Dalio’s assessment sounded alarmingly plausible. But when one plays the global financial markets a thorough economic analysis is only the first stage of the game. At least as important is getting the timing right. I asked Dalio when all this would start to come together. “I think late 2012 or early 2013 is going to be another very difficult period,” he said.
Translation: enjoy your -0.002% Bills and paying uncle Sam to hold your money while you can.
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URL to article: http://www.prisonplanet.com/the-head-of-the-worlds-biggest-hedge-fund-sees-economic-collapse-due-to-money-printing-by-early-2013.html
URLs in this post:
 Zero Hedge: http://www.zerohedge.com/article/head-worlds-biggest-hedge-fund-sees-economic-collapse-due-money-printing-early-2013
 New Yorker has released : http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy?printable=true¤tPage=all
 Hedge Fund Manager Bill Fleckenstein: Fed Money Printing to Cover Bank Theft Is Leading to Food Inflation Worldwide: http://www.prisonplanet.com/hedge-fund-manager-bill-fleckenstein-fed-money-printing-to-cover-bank-theft-is-leading-to-food-inflation-worldwide.html
 Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds?: http://www.prisonplanet.com/should-we-be-alarmed-that-the-biggest-bond-fund-in-the-world-has-dumped-all-of-their-u-s-treasury-bonds.html
 NIA Warns Of Food Crisis, “Societal Collapse” In Response To Fed Money Printing: http://www.prisonplanet.com/nia-warns-of-food-crisis-societal-collapse-in-response-to-fed-money-printing.html
 U.S. files criminal charges against famed hedge fund, SAC: http://www.prisonplanet.com/u-s-files-criminal-charges-against-famed-hedge-fund-sac.html
 Hedge Funds Bought Gold in Biggest Rally Since 2011: Commodities: http://www.prisonplanet.com/hedge-funds-bought-gold-in-biggest-rally-since-2011-commodities.html
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