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Throughout history, all fiat currencies eventually face the same pressures. When debt grows faster than income and money needs to be created to fill the gap, the value of that money changes. This isn’t a prediction—it’s a pattern that has repeated many times. Understanding how these systems work helps... show more

Ray Dalio

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102,727 просмотров • 6 месяцев назад •via X (Twitter)

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We need to talk about money — what it is, how it works, and what its value is. When it comes to gold, some people view it as a commodity to speculate on. But it’s so much more than that. It’s the second largest reserve currency in the world. And it’s an important hedge against risks to fiat currencies.

We need to talk about money — what it is, how it works, and what its value is. When it comes to gold, some people view it as a commodity to speculate on. But it’s so much more than that. It’s the second largest reserve currency in the world. And it’s an important hedge against risks to fiat currencies.

Ray Dalio

208,511 просмотров • 8 месяцев назад

Money is debt, and debt is money. It confuses a lot of people when I say that, but the mechanics are fairly straightforward. A debt instrument is just a promise to deliver money in the future. What that money is worth determines the value of what you’re holding. That’s why currency valuation is so critical, and why I think people need to pay more attention to it when thinking about the broader economy. Nikhil Kamath

Money is debt, and debt is money. It confuses a lot of people when I say that, but the mechanics are fairly straightforward. A debt instrument is just a promise to deliver money in the future. What that money is worth determines the value of what you’re holding. That’s why currency valuation is so critical, and why I think people need to pay more attention to it when thinking about the broader economy. Nikhil Kamath

Ray Dalio

247,313 просмотров • 5 месяцев назад

Nothing turns a family favor into a courtroom case faster than somebody saying, I thought you were paying me back. That is what makes this dispute more interesting than the money itself. A sister helps her brother get his teeth fixed, but somewhere between the favor and the repayment, they clearly stopped having the same understanding of what happened. One person sees family helping family; the other sees a debt that was supposed to be settled. And once those two versions collide in court, the emotional history between them suddenly matters a lot less than what was actually agreed to. Family can make a favor feel casual right up until someone asks for the money back.

Nothing turns a family favor into a courtroom case faster than somebody saying, I thought you were paying me back. That is what makes this dispute more interesting than the money itself. A sister helps her brother get his teeth fixed, but somewhere between the favor and the repayment, they clearly stopped having the same understanding of what happened. One person sees family helping family; the other sees a debt that was supposed to be settled. And once those two versions collide in court, the emotional history between them suddenly matters a lot less than what was actually agreed to. Family can make a favor feel casual right up until someone asks for the money back.

ADEX🕴️

17,038 просмотров • 8 дней назад

AOC: We can’t be in cahoots with the same money that is oppressing us. It’s not naive, Detroit. It’s what we need, and, most importantly, it’s what you deserve. You deserve a government that answers to you. And yes, compared to how things work today, admittedly, a government that listens to you more than it listens to big money is revolutionary.

AOC: We can’t be in cahoots with the same money that is oppressing us. It’s not naive, Detroit. It’s what we need, and, most importantly, it’s what you deserve. You deserve a government that answers to you. And yes, compared to how things work today, admittedly, a government that listens to you more than it listens to big money is revolutionary.

Acyn

54,429 просмотров • 2 месяцев назад

When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.

When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.

Ray Dalio

156,032 просмотров • 5 месяцев назад

When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.

When debt levels reach extreme sizes relative to income, governments are left with a limited set of choices. They can cut spending, raise taxes, restructure the debt, or print money. History shows that most systems end up relying heavily on the last option, but printing money doesn’t eliminate the problem–it just shifts how the debt cycle plays out. Understanding this dynamic is key to understanding the economic environment we’re in.

Ray Dalio

95,427 просмотров • 4 месяцев назад

“Dividends aren’t just returns… for many investors, it’s survival.” When companies raise capital from the public, there’s a responsibility that comes with it, and not all investors are the same. Because for many, this isn’t just investing, it’s income. 👉 Watch this Special Edition of Follow The Money (FTM) on YouTube Nairametrics.tv to see how GT is positioning itself for the future of banking.

“Dividends aren’t just returns… for many investors, it’s survival.” When companies raise capital from the public, there’s a responsibility that comes with it, and not all investors are the same. Because for many, this isn’t just investing, it’s income. 👉 Watch this Special Edition of Follow The Money (FTM) on YouTube Nairametrics.tv to see how GT is positioning itself for the future of banking.

Nairametrics

20,607 просмотров • 4 месяцев назад

More sophistry and revisionist history from Mike Green. He claims: "Money exists to cancel debt. That's all it does. That's what it says on your dollar bill. This is legal tender for settlement of debts both public and private. It continues to function in that manner. It never stopped functioning in that manner. That is what it does. That's what it's supposed to do. It's not meant to store value. It's not meant to retain its value. It doesn't say that on there. There's no statement on your dollar bill that says this is good for three cowhides, right? It says this is for the settlement of debts, public and private." -------------------- His statements would only be sensible to someone who thinks money has been fiat for all of time. However, his claims are ahistorical (a word Green likes to use himself). Paper money was introduced as a representation of a specific amount of precious metal. Dollar bills once stated exactly how much silver or gold they were redeemable for. When the Coinage Act of 1792 was passed (and all the way up to 1971), you would have been laughed out of the room if you stated that "all money does is cancel debt." In fact, even after 1971, you would have been laughed at for claiming this, because Nixon's suspension of gold convertibility was "temporary," of course. When money was a specific representation of gold and silver, it DID store value. Of course paper money never stated that it can be exchanged for three cowhides. But when dollars stated exactly how much precious metal they were redeemable for, citizens KNEW that the underlying precious metal stored value over time. This is why the fiat rug-pull happened over many decades rather than overnight (central banking --> gold seizure --> "temporary" removal of gold convertibility --> fiat money). The best defense of Mike Green's claims are that they apply to the nature of fiat money TODAY. But Green leaves out that, historically (while competing monetary theories did exist), people correctly treated gold/silver-backed money as a store of value. Money DID store value. Everyone knew this to be true, and wanted it to be true (except banks and governments).

More sophistry and revisionist history from Mike Green. He claims: "Money exists to cancel debt. That's all it does. That's what it says on your dollar bill. This is legal tender for settlement of debts both public and private. It continues to function in that manner. It never stopped functioning in that manner. That is what it does. That's what it's supposed to do. It's not meant to store value. It's not meant to retain its value. It doesn't say that on there. There's no statement on your dollar bill that says this is good for three cowhides, right? It says this is for the settlement of debts, public and private." -------------------- His statements would only be sensible to someone who thinks money has been fiat for all of time. However, his claims are ahistorical (a word Green likes to use himself). Paper money was introduced as a representation of a specific amount of precious metal. Dollar bills once stated exactly how much silver or gold they were redeemable for. When the Coinage Act of 1792 was passed (and all the way up to 1971), you would have been laughed out of the room if you stated that "all money does is cancel debt." In fact, even after 1971, you would have been laughed at for claiming this, because Nixon's suspension of gold convertibility was "temporary," of course. When money was a specific representation of gold and silver, it DID store value. Of course paper money never stated that it can be exchanged for three cowhides. But when dollars stated exactly how much precious metal they were redeemable for, citizens KNEW that the underlying precious metal stored value over time. This is why the fiat rug-pull happened over many decades rather than overnight (central banking --> gold seizure --> "temporary" removal of gold convertibility --> fiat money). The best defense of Mike Green's claims are that they apply to the nature of fiat money TODAY. But Green leaves out that, historically (while competing monetary theories did exist), people correctly treated gold/silver-backed money as a store of value. Money DID store value. Everyone knew this to be true, and wanted it to be true (except banks and governments).

John Haar

10,393 просмотров • 5 месяцев назад

We will always want more than we can produce. The gap between them is scarcity. How do we trade fairly when everyone wants more than they can produce? Money. Money should be a receipt for what you produced. Proof of work. Fiat is fraudulent money: receipts printed, not earned.

We will always want more than we can produce. The gap between them is scarcity. How do we trade fairly when everyone wants more than they can produce? Money. Money should be a receipt for what you produced. Proof of work. Fiat is fraudulent money: receipts printed, not earned.

Jack Mallers

38,890 просмотров • 4 месяцев назад

I think it’s safe to say that 2025 was a very interesting year. And I think I see it very differently than most. You probably saw a lot of headlines about AI and tech stocks. While that was a big story, I don’t think it was the most important thing. The big story in the investment world was the depreciation of the value of fiat money and how that impacted the price of gold. That’s how 2025 looked through my eyes, at least. I’m curious to hear if you see things the same way.

I think it’s safe to say that 2025 was a very interesting year. And I think I see it very differently than most. You probably saw a lot of headlines about AI and tech stocks. While that was a big story, I don’t think it was the most important thing. The big story in the investment world was the depreciation of the value of fiat money and how that impacted the price of gold. That’s how 2025 looked through my eyes, at least. I’m curious to hear if you see things the same way.

Ray Dalio

150,089 просмотров • 8 месяцев назад

Government can’t make things equal by decree. When the US Mint stopped putting silver in quarters and dimes and replaced it cheap copper-nickel junk, Americans pulled the silver out of circulation within a few years. They understood that even if the government said both are legal tender and both have the same value, they actually don’t. Centuries earlier, Gresham explained that when two currencies have the same face value but not the same real value, people spend the less valuable one and hoard the more valuable. “Bad money drives out good money.” But this isn’t just about money.

Government can’t make things equal by decree. When the US Mint stopped putting silver in quarters and dimes and replaced it cheap copper-nickel junk, Americans pulled the silver out of circulation within a few years. They understood that even if the government said both are legal tender and both have the same value, they actually don’t. Centuries earlier, Gresham explained that when two currencies have the same face value but not the same real value, people spend the less valuable one and hoard the more valuable. “Bad money drives out good money.” But this isn’t just about money.

Rothmus 🏴

21,897 просмотров • 1 месяц назад

The issue isn’t that Ed Sheeran didn’t say anything about Palestine… It’s that he allowed the silencing of someone who did, when (let’s be honest) he has more than enough FU money to have taken a principled stand.

The issue isn’t that Ed Sheeran didn’t say anything about Palestine… It’s that he allowed the silencing of someone who did, when (let’s be honest) he has more than enough FU money to have taken a principled stand.

Marina Purkiss

143,545 просмотров • 15 дней назад

The AI boom is becoming one of the biggest financing experiments in history. Nearly $3 trillion of infrastructure, more than $1 trillion of that financed. It's all being built on one assumption: the next wave of demand will be even bigger than the last. AI doesn’t have to fail for that math to break, it only has to grow slower than expected. And when promises built on borrowed money come under strain, history tells us what comes next: More debt. More liquidity. More paper promises. Bitcoin is the one thing in this story they can’t print more of.

The AI boom is becoming one of the biggest financing experiments in history. Nearly $3 trillion of infrastructure, more than $1 trillion of that financed. It's all being built on one assumption: the next wave of demand will be even bigger than the last. AI doesn’t have to fail for that math to break, it only has to grow slower than expected. And when promises built on borrowed money come under strain, history tells us what comes next: More debt. More liquidity. More paper promises. Bitcoin is the one thing in this story they can’t print more of.

Natalie Brunell ⚡️

67,201 просмотров • 1 месяц назад

Elon Musk: AI and robots are going to make so many goods and provide so many services that humanity could eventually run out of things for humans to do. When machines can produce abundance at an unprecedented scale, the output of goods and services could grow far faster than the money supply itself. In that kind of world, the economics we’re used to today start to break down. If the production of goods and services expands dramatically faster than the creation of money, the result is deflation—where everything becomes cheaper simply because there’s so much of it. Musk believes this could lead to a future where governments issue what he calls a “universal high income,” essentially distributing money because machines are generating far more value than humans alone ever could. But the implications go even deeper. Imagine an economy that becomes 1,000 times larger than today’s global economy. At that scale, Musk argues humanity may have already saturated nearly every desire people can think of—housing, food, entertainment, travel, technology—everything available in extreme abundance. And if the economy ever reached something like a million times the size of Earth’s current economy, human demand itself might become the limiting factor. There would simply be more production capacity than humanity could ever meaningfully consume. At that point, Musk suggests something radical: money itself may stop being relevant. Instead of currencies and financial systems, advanced AI civilizations may care only about the fundamental physical resources needed to operate—power and mass, wattage and tonnage. Even Musk’s own wealth illustrates the strange nature of modern money. The idea of “trillionaires,” he explains, isn’t stacks of cash in a bank account. It’s simply ownership percentages in companies that are building technologies and creating value. As those companies grow and do useful things, the valuation grows too. Which raises a strange irony: Just as the world may start producing trillionaires. We may be approaching a future where money itself matters less and less.

Elon Musk: AI and robots are going to make so many goods and provide so many services that humanity could eventually run out of things for humans to do. When machines can produce abundance at an unprecedented scale, the output of goods and services could grow far faster than the money supply itself. In that kind of world, the economics we’re used to today start to break down. If the production of goods and services expands dramatically faster than the creation of money, the result is deflation—where everything becomes cheaper simply because there’s so much of it. Musk believes this could lead to a future where governments issue what he calls a “universal high income,” essentially distributing money because machines are generating far more value than humans alone ever could. But the implications go even deeper. Imagine an economy that becomes 1,000 times larger than today’s global economy. At that scale, Musk argues humanity may have already saturated nearly every desire people can think of—housing, food, entertainment, travel, technology—everything available in extreme abundance. And if the economy ever reached something like a million times the size of Earth’s current economy, human demand itself might become the limiting factor. There would simply be more production capacity than humanity could ever meaningfully consume. At that point, Musk suggests something radical: money itself may stop being relevant. Instead of currencies and financial systems, advanced AI civilizations may care only about the fundamental physical resources needed to operate—power and mass, wattage and tonnage. Even Musk’s own wealth illustrates the strange nature of modern money. The idea of “trillionaires,” he explains, isn’t stacks of cash in a bank account. It’s simply ownership percentages in companies that are building technologies and creating value. As those companies grow and do useful things, the valuation grows too. Which raises a strange irony: Just as the world may start producing trillionaires. We may be approaching a future where money itself matters less and less.

Ian Miles Cheong

87,242 просмотров • 6 месяцев назад

Satoshi Roundtable is later this week. Tech Talk Tuesdays in Dubai asked me about the upcoming event: “My hope is that have for this week is that we embrace what this industry is all about. It’s not about Blackrock, or CBDCs or the filthy broken fiat system - it’s about an alternative to that. A lot of people can point to many broken things in our world. And the root of what is broken is because of the broken money system. The money system is broken. There is death and destruction because of a broken money system and what this technology represents is something different than that. It’s an alternate to that. And that’s what makes it unique and that’s what makes it valuable.”

Satoshi Roundtable is later this week. Tech Talk Tuesdays in Dubai asked me about the upcoming event: “My hope is that have for this week is that we embrace what this industry is all about. It’s not about Blackrock, or CBDCs or the filthy broken fiat system - it’s about an alternative to that. A lot of people can point to many broken things in our world. And the root of what is broken is because of the broken money system. The money system is broken. There is death and destruction because of a broken money system and what this technology represents is something different than that. It’s an alternate to that. And that’s what makes it unique and that’s what makes it valuable.”

Bruce Fenton

11,260 просмотров • 8 месяцев назад

“It’s just money. It’s made up.” Money is nothing more than a shared belief system. Paper. Numbers on a screen. A social contract. The real currency? Value. Every dollar earned is a reflection of a problem solved, a need fulfilled, or a life improved. Too many people chase money. The smartest people chase value. Because when you create enough value, money follows. Markets will boom. Markets will crash. History repeats. But one principle never changes: Create value. Get rewarded. Money is the scorecard, not the game.

“It’s just money. It’s made up.” Money is nothing more than a shared belief system. Paper. Numbers on a screen. A social contract. The real currency? Value. Every dollar earned is a reflection of a problem solved, a need fulfilled, or a life improved. Too many people chase money. The smartest people chase value. Because when you create enough value, money follows. Markets will boom. Markets will crash. History repeats. But one principle never changes: Create value. Get rewarded. Money is the scorecard, not the game.

Alvin Foo

77,364 просмотров • 4 месяцев назад

The U.S. dollar used to be backed by gold — and it’s not farfetched to think we may be headed there again in the future. History shows us that the same cycles repeat time and time again. One such cycle is related to currency devaluation. Once people start to lose trust in the fiat system, we see a specific cause and effect reaction occur. 1) Governments print a lot of money 2) They pay off the debt with the cheap money 3) Nobody wants to hold the devalued currency 4) Governments go back and link money to gold Will this same pattern happen again? It’s hard to say, and it wouldn’t happen anytime soon. But it is conceivable.

The U.S. dollar used to be backed by gold — and it’s not farfetched to think we may be headed there again in the future. History shows us that the same cycles repeat time and time again. One such cycle is related to currency devaluation. Once people start to lose trust in the fiat system, we see a specific cause and effect reaction occur. 1) Governments print a lot of money 2) They pay off the debt with the cheap money 3) Nobody wants to hold the devalued currency 4) Governments go back and link money to gold Will this same pattern happen again? It’s hard to say, and it wouldn’t happen anytime soon. But it is conceivable.

Ray Dalio

273,686 просмотров • 1 год назад

When you borrow money you can spend more, but you also create debt. That debt needs to be paid back, which is the start of a big debt imbalance and can lead to a crisis. You can read the first part of my book “How Countries Go Broke” at the link here: #principles #raydalio #mentor #economics

When you borrow money you can spend more, but you also create debt. That debt needs to be paid back, which is the start of a big debt imbalance and can lead to a crisis. You can read the first part of my book “How Countries Go Broke” at the link here: #principles #raydalio #mentor #economics

Ray Dalio

180,313 просмотров • 1 год назад

When I look at the US and global debt burdens and how countries are likely to respond, I worry about the possibility of creating a stagflationary environment. Our financial system is dependent on the idea that you can take a debt asset and convert it into money. But now there’s not enough money to go around. That makes the idea of devaluing the dollar relative to other currencies appealing — but the other currencies won’t want much of an appreciation either. That’s one of the reasons I say that gold will be a better performing asset.

When I look at the US and global debt burdens and how countries are likely to respond, I worry about the possibility of creating a stagflationary environment. Our financial system is dependent on the idea that you can take a debt asset and convert it into money. But now there’s not enough money to go around. That makes the idea of devaluing the dollar relative to other currencies appealing — but the other currencies won’t want much of an appreciation either. That’s one of the reasons I say that gold will be a better performing asset.

Ray Dalio

253,673 просмотров • 1 год назад