Ray Dalio issues economic “war thesis” showing dollar-debasement against Bitcoin

Ray Dalio’s Apr. 9 TIME essay carries a geopolitical surface and a monetary argument underneath. Dalio explicitly writes that his indicators point to a simultaneous breakdown of the monetary order, some domestic political orders, and the geopolitical world order. The Iran conflict is the immediate trigger, but the structural claim below that is that investors expect conditions to stabilize quickly, underpricing the d…