Ray Dalio: Losing ‘Reserve Status’ Would Lead To 30% Drop In The Dollar

 

During a live interview with Barry Ritholtz for his “Masters In Business” podcast on Monday, Bridgewater Associates CEO – who has been on a seemingly never-ending media tour to promote his new free e-book “A Template For Understanding Big Debt Crises” – once again expounded upon his “1937” markets thesis: That is, his theory that the US economy increasingly resembles the late-cycle dynamic from the 1930s where equity prices topped out as the Federal Reserve tightened monetary policy. Like the 1930s, the global economy is awash and debt, and populist politicians gaining power and influence in the West.

But more interesting than Dalio’s retread of his calls for a recession to begin some time during the next two years, he also repeated a claim he first made back in September, which has been getting more attention since BlackRock CEO Larry Fink said something similar earlier this month: That the US dollar’s days as the dominant global reserve currency are numbered.

The Coming Blood Moons

Note: This post from April 10th of 2014 has now been reposted and will remain on top until the final blood moon has come to pass.

No matter what walk of life you come from, there comes a time when something extraordinary needs special attention. This one falls in the way of Bible prophecy.

The following article relates to the four blood moons, or Tetrad, that are coming, all on major Jewish holidays. While this could be explained further into depth here, with our without this feature article, the article itself best describes the upcoming events, the significance, and why it’s more than just a coincidence.

(The article is in its full entirety, minus a few photos, and shall remain at the top of all articles until April 17th, 2014.)

Genomic sequencing reveals more than 300 mutations in 2014 Ebola virus

Rapid sequencing and analysis of 99 genomes have enabled researchers to identify more than 300 genetic changes in the Ebola virus genome, according to results published in Science.

With collaboration with the Sierra Leone Ministry of Health and Sanitation, Pardis Sabeti, MD, DPhil, of the Broad Institute and Harvard University, and colleagues sequenced Ebola virus genomes collected from 78 patients with the virus in Sierra Leone during the first 24 days of the outbreak. Along with the mutations, which make the 2014 Ebola virus distinct from the viral genomes tied to previous Ebola outbreaks, the researchers found sequence variations indicating that the outbreak started from a single introduction into humans.

To accelerate response efforts, the research team released the full-length sequences on the National Center for Biotechnology Information’s DNA sequence database in advance of publication.