The current financial system as we know it is broken. If everything was ticking along as it should the central banks of the world wouldn\u2019t have to start helping the private banks which have been acting with impunity with other people\u2019s money. Bitcoin again is shaping up to be the answer, especially where the future of fiat is concerned.<\/p>\n
A recent report<\/a> by Bridgewater Associates founder, Ray Dalio, explores the failings of the current financial system. Lenders are handing out money without consequence because they have a lot of it to give. This is largely because central banks are pushing it on to them and buying financial assets in their futile attempts to push economic activity and inflation up.<\/p>\n Dalio adds that prices of financial assets have increased but future expected returns have fallen as economic growth and inflation remains sluggish. Companies can sell dreams without clear profit plans because investors are flush with borrowed money. The system is clearly flawed.<\/p>\n My below piece \u201cThe World Has Gone Mad and the System is Broken\u201d explains some of the crazy things that are happening, why they are happening and why I believe that they are unsustainable. I\u2019d be interested in knowing what you think about them. https:\/\/t.co\/daUdsw0XLy<\/a><\/p>\n — Ray Dalio (@RayDalio) November 5, 2019<\/a><\/p><\/blockquote>\n\n