Quote:Worlds largest hedge fund executive Ray Dalio believes that future inevitable money printing (quantitative easing as the Fed likes to call it) 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."
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. â€œThere hasnâ€™t been a case in history where they havenâ€™t eventually printed money and devalued their currency,â€ he said. Other developed countries, particularly those tied to the euro and thus to the European Central Bank, donâ€™t have the option of printing money and are destined to undergo â€œclassic depressions,â€ Dalio said. The recent deal to avoid an immediate debt default by Greece didnâ€™t alter his pessimistic view. â€œPeople concentrate on the particular thing of the moment, and they forget the larger underlying forces,â€ he said. â€œThatâ€™s what got us into the debt crisis. Itâ€™s just today, today.â€
Read more: zerohedge.com
I agree 100%. this QE program has done nothing to help the economy and will be the death of it very soon.