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You'll be trapped, you'll have no way out. Those are the latest statements, the last warning given by Rey Dalio in his latest appearance. And if debt and money lose their appeal, he says, we could end up strangling ourselves if we do absolutely nothing. Having gold in your portfolio will protect you from debt risk and inflation crises.
Furthermore, Rey Dalio says, "Whoever doesn't have gold in his wallet will be trapped, completely trapped." The BlackRock bond guru, essentially—and this is very striking— says that the Federal Reserve's interest rate hikes and subsequent cuts, this cycle we 've experienced, may be the breeding ground for new inflation.
He predicts that in the next 18 months we could witness a significant economic contraction and a restructuring of debt and finance that will catch many off guard. You'll be trapped, you'll have no way out. These are the latest statements, the latest warning given by Rey Dalio in his last appearance and in his last letter to investors.
This is breaking news. This is current. Rey Dalio is back out to issue a warning about the current state of the global economic situation. Specifically, and according to this article published by Business Insider, what it says is that having gold in your portfolio will protect you from debt risk and inflation crises.
And what's more, Rey Dalio says, "Anyone who doesn't have gold in their portfolio is on their own. They'll be trapped, completely trapped. You'll be trapped if you don't act." That's the warning Rey Dalio is issuing. We're going to analyze all of this in depth. We'll also look at what the BlackRock bond guru said, who says, "The Fed is going to make a mistake." He says it verbatim, and we're going to examine it specifically so it's useful for all of you.
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Well, with all that said, let's move on to what Reidalio has to say, who issues this final warning. There are several statements compiled by Business Insider in this article that we'll examine in detail. He begins by saying, "History and logic demonstrate that when there are high risks that debts won't be repaid, or will be repaid with money of depreciated value, debt and money lose their appeal." And if debt and money lose their appeal, he says, we could end up strangling ourselves if we do absolutely nothing.
This is the warning Reidalio leaves in his latest information, which was also picked up here by the Jerusalem Post, commenting on all of this. Furthermore, look at what he says. He says, "If you don't have gold and you don't know about gold, you know neither history nor economics." You don't know Neither history nor economics.
If you don't have gold in your portfolio, you know nothing about history, economics, or context. He adds, " This is very, very interesting. Look, he predicts that in the next 18 months we could witness a significant economic contraction and a restructuring of debt and finance that will catch many off guard." This is according to one of the great fund managers and one of the most reputable investors in history.
What does Reidalio see? Why does he think we are heading towards this abyss? Whether we actually fall is another matter , but he has already turned on the light . He says, "We are currently in the late and dangerous phase of the long-term debt cycle." In other words, the main focus of the problem, according to these words quoted in this publication, would be this long-term debt, the kicking the can down the road that governments are taking, which we have analyzed extensively on this channel.
And it's not just me saying this, Reidalio is saying it too. He argues that the levels of debt assets and liabilities have skyrocketed to such heights that... Offering lenders a sufficiently high interest rate relative to inflation has become a challenge. In other words, that would be the crocodile's mouth.
The investment guru adds that he foresees a challenging scenario in which the US Treasury, note what he says, will be forced to issue substantial amounts of debt, potentially exceeding available demand, and the final prediction is enough to make you hold your seat. As Ridalio says, this could lead to a significant increase in interest rates or massive money printing by the Federal Reserve, further devaluing the currency.
And that's why the argument is: either we have gold or we're lost. Do you know what I've been doing since 2022? I'm not going to answer the question because you already know. Do I do it because I think a collapse is coming? No, I do it because I think the Central Bank is going to lose and deliver a massive blow, injecting liquidity to combat the loss of purchasing power and the extremely adverse economic situation.
Prolonging the cycle we're about to face will only kick the can down the road again, and that's devaluation of purchasing power. That's why I've been holding gold since November 2022, and that's why I've only slightly reduced that position . I don't believe in the collapse Ridalio is talking about, but I do believe we're heading towards a dynamic of impoverishment for the average citizen, and that gold is the protector, the shield, the layer we need to take refuge in during this context.
The article continues, saying that in light of these forecasts, as Ridalio mentions here, he advocates for a minimum allocation of 10 to 15% to gold in a portfolio right now; that's what he recommends. I'm even more heavily invested than Ridalio recommends, and he says it's a crucial diversifier and a hedge against currency devaluation and geopolitical uncertainties.
Gold serves a purpose; first and foremost, it's a diversifier against other assets and also against the monetary system. There is a risk there, he says. And what he adds That's it. Either you have gold in your portfolio right now, or you're stuck. Your impoverishment is going to be real. And it's not just about gold; we've talked about this many times, and I'll say it very quickly because I've mentioned it so many times, but for those who don't know me, know that we have to try to avoid the impoverishment that governments and monetary institutions in general want to lead us to.
And this isn't about political affiliations or anything like that; it's the dynamic we've been experiencing for over 50 years, in which fiat currencies—the euro, the dollar, the yen, the pound—devalue over time. So, we have to try to prevent that devaluation from affecting us. And one of the strategies I follow to avoid that devaluation is to invest in a specific asset class.
And this comment is related to the latest statements and reports from BlackRock. Notice how, according to BlackRock, gold is the asset among those they track that's performing best. behaving, and also saying, "We have to keep an eye on this asset because we don't want to get caught in the trap in the long run." And that's the context for BlackRock right now.
Remember, BlackRock is the world's largest asset manager. Some people say, "I'm not interested in BlackRock at all." And I say, well, you should be . Do you know why you should be interested in BlackRock? Because it's of general interest to everyone, because look at the volume of assets under management it has: $10.6 trillion.
If that's not something to keep on your radar, then I don't know what is. Of course, BlackRock's opinion matters because with this kind of money, its investment decisions, its strategies, its papers, its approaches are of interest to everyone: institutional investors and retail investors alike, professionals and retailers.
Everyone is interested in BlackRock's vision and the opinions they put forward. I say this because in recent months, the BlackRock bond guru also spoke out. issuing a warning, just like Raidalio did in recent days, which hasn't been widely reported in the media or received much attention. Specifically, and you can see it here, BlackRock's bond guru, Rick Rieder, has spoken out again .
Rick Rieder, whose profile you can look up, is the head of fixed income. He manages trillions of dollars in assets under management, has a long and distinguished career, and obviously, his analysis will be of interest to all of us, whether we agree or disagree, but that's the stark reality. Whether he'll be right is another matter , but his opinion is always valuable.
And you might be wondering, "So what did the guru say?" According to Fortune magazine, what did the BlackRock bond guru say in this article he published earlier this year? Well, essentially, and this is quite striking, he says that the Federal Reserve's interest rate hike and subsequent cut, that this The cycle we 've experienced may well be the breeding ground for new inflation, because interest rate hikes no longer work as they did in the past.
Moreover, he says they are the wrong medicine for the current state of the economy. He says so verbatim. Rick Reeder says, "At best, as of today, and I'm reading this article verbatim, it's ambiguous to me whether a higher interest rate helps reduce inflation or, on the contrary, contributes to it." Reeder has been overseeing and managing fixed-income assets for 14 years— $2.4 trillion, an impressive amount.
He speaks of the current context in which baby boomers are leading the way in investment. And within the baby boomer movement, what he says is that, if we think about what has happened in the last two years, the public sector has made a huge transfer of money to the private sector, and because of this, monetary policies have changed the effect they had in the past.
Reeder comments that companies have been reducing the enormous leverage they had even before the 2008 housing bubble. that work and that individuals have also reduced their debt. However, what has happened is that the public sector has increased that debt. A dynamic has emerged in which there were enormous amounts of savings and money in money market funds, something we analyzed on this same channel, but now, and this is where the important nuance is made, it says, "Now, if we look at services inflation, part of it is due to the fact that so much income is flowing through the system with these companies and individuals that it is actually being recirculated." It mentions this here throughout the article.
Uh, it mentions it right here. It says, "Do you see it there?" Now, if we look at services inflation, part of it is due to the fact that so much income is flowing through the system with these companies and individuals that it is actually being recirculated. Uh, the article continues, it says, "Not long ago, Rieder's hypothesis , uh, that higher interest rates may be benefiting a select segment of the population that in turn is driving inflation or that the "It could boost again, it would have been considered unconventional or unorthodox in the Wall Street industry, to say the least ." Of course, that's what the text itself says , but now even members of the Fed, or some members of the Fed, according to sources consulted by this media outlet, are beginning to consider the possibility that this context of high interest rates is having less of an effect than in the past, because it's being sustained by all the upper classes and because of the wealth transfer that's taking place.
And that's why, because of the way and the mindset that the baby boomers are adopting, the scenario is very different from what we had in other economic situations, and that's partly why a globalized economic recession is being avoided. That's the interpretation of the BlackRock bond guru. You see it here, right?
He says, "A baby boomer economy ." Well, he says that, referring to the situation of interest rates, everything is in the services sector and that, since it weighs more than 70% right now, the past context has changed. And the problem, and this ties in with what Rey Dalio said earlier and what this expert, whom I insist we should follow, also commented on, is that this will overheat again, they will have to raise interest rates again, they will have to issue debt again, and the whole saga continues.
And as the film continues, the film will eventually come to an end, and its ending, unfortunately, because they wanted it that way and it's the path they chose, is going to end with an abrupt cut, with an explosion. If nothing changes, please change it. You still have time, and this is my personal opinion, to avoid heading towards the abyss.
It's time to change, it's time to reflect and think that if we want to avoid recessionary contexts at the cost of mortgaging ourselves now, we're going to be very happy. We're going to think that life is a joy, but then we're going to have a very bad time and I don't want us to have a very bad time.
So, since I don't want us to have a really bad time, it's best to make temporary adjustments and keep in mind that we can't constantly live beyond our means. Many experts are saying so . Draken Miller is saying it, Rey Dalio is saying it, even Warren Buffett is saying it, investing and seeing many expensive stock market assets.
Why don't we listen to those who have been here a long time? Why do n't we listen to the veterans who have many years of experience in all of this? Well, the path has been taken to ignore them, and since the path has been taken to avoid their opinions or to largely silence them , we as investors have to act accordingly; we have to benefit from these bubbles that are going to keep inflating, bubbles that are going to burst, and there will be very rapid recoveries if a lot of money is put into the system.
We will have to take advantage of those sharp drops and those V-shaped recoveries, always mobilizing our money and not leaving it at 0% in our bank account. Hey, I appreciate you leaving your comments on YouTube about what you thought of this video, and I'd also appreciate it if you subscribed to the channel, as I mentioned before, if you're not already subscribed, and if you left a like to support the content and this type of video.
Let me know if you like them, because it's very useful for me to know that you enjoy this type of content . So thank you very much and see you in future videos.
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