Ray Dalio on Dumb Dollar Debt, Bitcoin Controls and the Coming Assault on Capitalism
In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.
ABOUT
In his latest essay, the Bridgewater chief argues the U.S. could impose capital controls and ban non-sovereign monies.
This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.
Today on The Breakdown, NLW reviews Ray Dalio’s latest essay, looking at:
- The six reasons why it doesn’t make sense to hold bonds anymore
- Why holding bonds is especially troubling in the concept of growing government money printing
- Why sovereign bond holdings are shifting from the U.S. to China
- Why proposed wealth taxes are likely just the beginning of a more aggressive period of financial regulation
- Why we could see the government try to ban gold and bitcoin as their grip on reserve currency status weakens
See also: What Ray Dalio Really Thinks of Bitcoin
Image credit: Jason Alden/Bloomberg/Getty Images
HOST
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

EPISODES
The EU Has Now Become the Global Crypto Regulatory Leader
The just-passed legislation puts the European Union in a leadership position.
Apr 23, 2023
Hasta La Vista, U.S.! Crypto Companies Look Abroad
U.S. crypto leaders are heading offshore due to unclear rules and regulatory capture by the Securities and Exchange C...
Apr 22, 2023
A Landmark Moment for Crypto in Europe as MiCA Passes
The Markets in Crypto Assets bill is the first major global comprehensive crypto legislation.
Apr 22, 2023
The Case for U.S. Stablecoin Regulation
For the second straight day, the House Financial Services Committee held a hearing on crypto-related issues.
Apr 20, 2023

The Mining Pod
Feb 10, 2025

CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023

Markets Daily Crypto Roundup
Tune in as CoinDesk runs down daily action in bitcoin markets and some of the most important recent industry development.
Dec 19, 2023

Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023