Dalio: We’re at a Decision-Making Point and Very Close to a Recession, I’m Worried About Something Worse Than a Recession

RUSH TRANSCRIPT WELKER Want ░░░░░░░░ ask you about something ░░░░░░░░ s on a lot ░░░░░░░░ people s minds Your ░░░░░░░░ for the future and ░░░░░░░░ want to start with ░░░░░░░░ r word I know ░░░░░░░░ think this is just ░░░░░░░░ piece of it I ░░░░░░░░ talking about a recession ░░░░░░░░ you think it is ░░░░░░░░ that the United States ░░░░░░░░ dip into a recession ░░░░░░░░ of President Trump s ░░░░░░░░ DALIO I think that ░░░░░░░░ now we are at ░░░░░░░░ decision making point and ░░░░░░░░ close to a recession ░░░░░░░░ I m worried about ░░░░░░░░ worse than a recession ░░░░░░░░ this isn t handled ░░░░░░░░ A recession is two ░░░░░░░░ quarters of GDP and ░░░░░░░░ it goes there We ░░░░░░░░ have those things We ░░░░░░░░ something that s much ░░░░░░░░ profound We have a ░░░░░░░░ down of the monetary ░░░░░░░░ We are going to ░░░░░░░░ the monetary order because ░░░░░░░░ cannot spend the amounts ░░░░░░░░ money so we have ░░░░░░░░ problem and when we ░░░░░░░░ about the dollar and ░░░░░░░░ talk about tariffs we ░░░░░░░░ that We are having ░░░░░░░░ profound changes in our ░░░░░░░░ order How ruling is ░░░░░░░░ and we re having ░░░░░░░░ changes in the world ░░░░░░░░ Such times are very ░░░░░░░░ like the 1930s I ░░░░░░░░ studied history and history ░░░░░░░░ over and over again ░░░░░░░░ you take tariffs if ░░░░░░░░ take debt and the ░░░░░░░░ power will cha challenging ░░░░░░░░ existing power and those ░░░░░░░░ those changes in the ░░░░░░░░ the systems are very ░░░░░░░░ disruptive how that s ░░░░░░░░ could produce something that ░░░░░░░░ much worse than a ░░░░░░░░ or it can be ░░░░░░░░ well Let s take ░░░░░░░░ debt situation.”