From SMH.. quotes from hedge fund billionaire Dalio’s post:
“At this time 1) the government is printing a lot more money, 2) people are getting a lot more money, and 3) that is producing a lot more buying that is producing a lot more inflation.”
“Right now there is far more financial wealth than can ever be converted into real wealth, so it has to be devalued. When you are seeing your financial wealth go up as is happening now don’t think you are gaining real wealth when your buying power is going down.”
“Spending money on investment and infrastructure rather than on consumption tends to lead to greater productivity, so investment is a good leading indicator of prosperity. On the other hand printing money and distributing it without being productive won’t raise wealth.”
“Power changes come from wealth changes, so watch who is doing what to create wealth changes.”
“History shows that when an individual, organisation, country, or empire spends more than what they earn, misery and turbulence are ahead."
Hoping RRL will be a multi bagger with STRONG POG and with new production centers all shareholders can create real wealth. Not the wealth from devalued currency.
RRL Price at posting:
$2.16 Sentiment: Buy Disclosure: Held
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