Ray Dalio: Losing ‘Reserve Status’ Would Lead To 30% Drop In The Dollar

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Zero Hedge: During a live interview with Barry Ritholtz for his “Masters In Business” podcast on Monday, Bridgewater Associates CEO – who has been on a seemingly never-ending media tour to promote his new free e-book “A Template For Understanding Big Debt Crises” – once again expounded upon his “1937” markets thesis:

That is, his theory that the US economy increasingly resembles the late-cycle dynamic from the 1930s where equity prices topped out as the Federal Reserve tightened monetary policy. Like the 1930s, the global economy is awash and debt, and populist politicians gaining power and influence in the West.

But more interesting than Dalio’s retread of his calls for a recession to begin some time during the next two years, he also repeated a claim he first made back in September, which has been getting more attention since BlackRock CEO Larry Fink said something similar earlier this month: That the US dollar’s days as the dominant global reserve currency are numbered. more …

Opinion: Financial analysts know that a cataclysmic financial collapse is on the horizon. Ray Dalio, one of the world’s biggest and most successful hedge fund managers, says the days of the US dollar’s dominance are numbered.

What Dalio may or may not know is that Bible prophecy tells us that a global financial  collapse is coming, but will not happen until the church of Jesus Christ has been removed (1 Thess. 4:16-18), and a globalist leader has taken the world stage with a peace plan for Israel and her neighbors (Daniel 9:27).

Order of events Revelation 6:1-8:

  • White Horse – a false Christ with ME peace plan enters world politics
  • Red Horse – peace is taken from the earth
  • Black Horse – financial collapse through hyperinflation
  • Pale Horse – death from famine, beasts of the earth

The financial catastrophe taking place in Venezuela is a modern-day blueprint for the future 4 Horsemen of the Apocalypse of Revelation:

White Horse: A Socialist leader (Hugo Chavez) promises paradise through ‘esperanza y cambio’ (hope and change) leading to disruption of social services followed by a steep rise in crime and a virtual dictatorship.

Red Horse: In addition to the growing threat of civil war, on May 31, 2018 the Daily Beast reports that rumors of war with the United States run rampant in Venezuela

Black Horse: August 2018 Nicolas Maduro, Chavez’s successor announces a 95% decrease in the currency as inflation reaches 12,874.6%.

Pale Horse: Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year and almost 90 percent now live in poverty, according to a new university study on the impact of a devastating economic crisis and food and medicine shortages

The only hope in this world is Jesus Christ who will change us from the inside out (Jer. 29:11; Rom. 5:13; Col. 1:27)

1 COMMENT

  1. The only hope in this world is Jesus Christ who will change us from the inside out (Jer. 29:11; Rom. 5:13; Col. 1:27)

    Amen!!! Great post, author. Yes, it is heartbreaking what is going on in Venezuela. And to think this and much worse is coming to the whole world – soon. I think we are very close.
    We have been so busy with our two new grandchildren, but wanted to thank you once again for this site and tell you I can’t wait to meet you, Editor, and family and our larger BPTnews family, as well. Maybe I am off, but everything is falling into place and Bible prophecy is rapidly being fulfilled right before our eyes. Unbelievable time to be alive. God Bless and Maranatha!!
    And Happy Thanksgiving! – the least perverted Christian holiday – perhaps because most people don’t consider it a Christian holiday, so Satan doesn’t have to bother with it. But it is. So, THANK YOU, GOD, for making a way out for us – actually two ways for this generation – salvation AND the Blessed Hope. Isn’t He amazing? Don’t you just love Him? I know I do. :o)

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