Oliver believes that this time, there will be no credit bubble to help fix this imbalance, as U.S. Treasuries are becoming riskier reserve instruments because of the weaponization of the U.S. dollar. “If this mechanism breaks, and it appears to be teetering, then the full weight of debasement will hit the U.S.,” he concluded.
FAQHow do Oliver’s views align with those of Ray Dalio? Both investors express concern over the debasement of the U.S. dollar, with Dalio emphasizing that perceived investment returns may be misleading when assessed against a weakening currency.
