Billionaire Ray Dalio,founder of the world's largest hedge fund,Bridgewater Associates,speaks.He believes corporate losses in the US will be upto 4 trillion and global corporate losses to hit a whooping 12 trillion.Feels central bank money printing is impotent.Hear his interview on the link provided



Investor Ray Dalio estimates the corporate losses in the US from coronavirus will top $4 trillion

Wow nominal yield on the US 3 month tbill is 0.01%. Eventually it will hit negative.For the 1 and 6 month its 0.04% as I write this.If you consider US grossly mistated inflation is about 2%,then real yield is -2%.In fact,if you bought even the 30 year with current yield of 1.76%,you still lose money if factor in inflation.So you park your money for 30 years for a negative real return.Ok to be fair what really happens is that investors arent looking for that paltry yield but capital appreciation when they trade them in the secondary market.Its how negative yielding bonds in the Eurozone and Japan have lasted for a number of years now provided you arent the sucker who holds to maturity and loses money.At some point last year,the entire German government bond market upto the 30 year bond was negative yielding.Now thats just nuts but its the world we live in.

The central banks (at least as constituted in the Western world) should be abolished.First,the Fed isnt a government agency and holds no real reserves.The Fed is owned by member banks ie the big 6 Wall Street Banks ie JP Morgan,Citigroup,Bank of America,Wells Fargo,Goldman Sachs and Morgan Stanley plus other shadowy entities not disclosed to the public.True shareholding of the Fed is a closely guarded secret.Do you think the trillions being printed for bailouts and to prop up overleveraged bubble stocks and bonds is being freely given by the Fed to the US government and corporations?Hell No.These are loans to the US serikali and corporates which they have to pay with interest.So the Fed creates fiat currency from nothing,lends it out and expects to be paid with interest??Wow its exactly like I type 1 trillion on my computer screen and give it to my someone and we both agree its money enforceable by law,he goes out and performs a labour and has to return that 1 trillion I conjured up by computer keystrokes plus interest.So where is the interest to come from if I only created 1 trillion in the first instance.He or another entity has to borrow more conjured up currency created by me to pay the interest and this newly borrowed money also has an interest payment attached to it so even more currency has to be borrowed from me and this perpetual cycle continues.So do commercial banks do the same.Almost everyone assumes that banks loan cash deposited by clients.Thats not entirely true.Banks create new money from nothing when you take out a loan and charge you interest.The amount of deposits only limits the amount of new loans a bank can create (what is known as reserve ratio)and if in a country a bank has a zero reserve ratio like the Fed lowered this ratio to zero last Sunday,then a bank can theoretically make infinite amount of loans and hold zero reserves for depositors.Kenya has a reserve ratio of 5.25% essentially meaning commercial banks increase the money supply by nearly twenty times.This whole concept is known as debt based fiat fractional reserve banking system.It may take sometime to fully appreciate it but when you do it will blow your mind away and have a true feel of the nefarious nature of current central and commercial banking.It would take me many hours and paragraphs to explain it so let me leave a few videos here that captures the gist of what I am saying








So the government pays the Fed with tax money levied on its citizens.Money the Fed created from nothing??Thats just nuts and fraud.Its this nature of central banking that the US founding fathers fought so viciously against and US abolished the first 2 central banks and the current fed formed in 1913 was created in such a sly,secretive manner.The book "The Creature from Jekyll Island" explains this but there are many videos on this plus on fractional reserve banking.

So the whole system sucks and stinks

To be honest, I really enjoy his point of view of the financial system, especially the US. So @slick, I choose to take the red pill, to stay in wonderland. Show us how deep the rabbit hole goes.

@NewMoney No conspiracy theory.Just facts that some may find unbelievable and too painful to swallow.I back up all my utterances with appropriate screenshots,links and videos.99% of people assume that the Western financial system is sound and to be emulated yet in reality its quite a decadent rot beneath the veneer of majesty.Yes Western tech is awesome but in terms of economics and monetary policy it quite appalling.The fact that Western central banks buy their own government and corporate bonds and some even stocks from money created out of nothing is quite damning.I seek to expose these shenanigans.If you feel its too much for you,you are free not to look at this thread