Ray Dalio on Currency Devaluation: "After debt problems, currency devaluation follows. Roosevelt abolished the gold standard in 1933, causing the dollar to devalue and get through the tough times. Nixon did the same in 1971. This prompts people to shift to other assets. We are now in such an era."
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Ray Dalio on Currency Devaluation: "After debt problems, currency devaluation follows. Roosevelt abolished the gold standard in 1933, causing the dollar to devalue and get through the tough times. Nixon did the same in 1971. This prompts people to shift to other assets. We are now in such an era."