Ray Dalio Talks Never a Perfect Balance of Borrowing and Lending, Shadow Banking and Less Freedom
Ray Dalio has a new book coming out and recently appeared on CNBC to talk about “the great recession” as well as “lessons from the financial crisis”.
While there was not a single mention of bitcoin or cryptocurrency, or even blockchain for that matter (while there were many opportunities to bring it up), Ray gave extremely insightful looks into the history of bubbles, crashes and financial crisis. Which if you have been paying attention in the bitcoin world, is a huge potential catalyst for the leading cryptocurrency-asset to take off in which traders and investors might factor into their plays.
While we could give you much more that he shared, and tie it into bitcoin and why it is shaping up to be the perfect solution to this looming debt crisis, we encourage anyone who is trying to prepare themselves for what appears and sounds to be inevitable to listen in and think about bitcoin the entire time he is talking about the current state of the world's financial infastructure.
You will hear things like never being a perfect balance between borrowing and lending, and increased shadow banking which leads to less freedom and more rules.
Let us know your thoughts, do you think bitcoin and transparent crypto assets are the answer to everything Ray was touching on? We will have much more for you coming soon!