Not sure if many people know or have read Ray Dalio's articles...

Not sure if many people know or have read Ray Dalio's articles or books but he has run the largest hedge fund in the world for many years. He is very focused on the macro big picture. I have read a few of his books and I highly recommend them. His comments below on Linkedin are a great summary but they are not unique as quite a few macro focused experts have similar views. Even the US Fed has made similar comments about the imbalances (ie eg huge debt and budget deficits). Ray has influenced my investment strategy to go long gold/silver stocks in a big way not just for a year or two but longer term.

Many other experts have made very similar comments about the huge imbalances around the world of which the USA is at the centre which will end up causing lots of financial problems around the world when they are unwound. They have already started to unwind but its still extremely early in that process. I agree with these views.

If there is not an orderly unwind of these imbalances we may see POG rise at previously unthinkable rates on a daily basis (ie not just by $100 but many multiples of that). An unorderly unwind would be much worse than what we had in the GFC so I am hoping it is much more orderly but Trumps shock huge tariffs is not a good omen as its just created chaos.

The imbalances are really what's behind Trumps tariffs to unwind them but he is doing it as a big bang approach. Ray's comments in the article are basically saying the USA dollar is going to fall by a lot which + a much higher gold price over time. I highlight the following 2 paragraphs from Ray's article below.

"Though not yet fully realized, it is also increasingly being realized that the United States' role as the world's biggest consumer of manufactured goods and greatest producer of debt assets to finance its over-consumption is unsustainable, so assuming that one can sell and lend to the U.S. and get paid back with hard (i.e. not devalued) dollars on their U.S. debt holdings is naive thinking, so other plans have to be made.

Said more simply, enormous trade and capital imbalances are creating unsustainable conditions and major risks of being cut off, so they must come down -i.e.,excessive imbalances + deglobalization = smaller trade and capital imbalances."