Hallellujah! US is at start of "late, big cycle debt crisis," Bridgewater founder Ray Dalio says

Billionaire Ray Dalio says the US is at the beginning of a debt crisis - and warned worse times are ahead for the economy.

"In my opinion, we are at the beginning of a very classic late, big cycle debt crisis, when the supply-demand gap, when you are producing too much debt and have a shortage of buyers,"

"What's happening now, as we have to sell all this debt ($1.6 trillion), do you have enough buyers?" he said. "When I look at the supply-demand issue for that debt, there's a lot of debt, it has to be bought and has to have a high enough interest rate," the Bridgewater founder added.

Dalio was building on the recent debt-ceiling bill passed by Congress, and President Joe Biden. In order to pad out its cash reserve, the Treasury department has already announced plans to issue $1.6 trillion in T-bills this year until the end of 2023.

"When one looks at the buyers, there appears to be a significant shortage of the buyers for that government debt. " Dalio said.

De-dollarization will hasten the demise of the US, that's for sure. Americans are feeling dreadful about the looming dark prospects.

Anonymous

PS. All American cronies, semi colonies would be coerced to buy the debt. The balance the Fed would buy up. Left pocket, right pocket. Who are the Americans kidding? Just print and print and kick the can further down the road.