So Your Cash Is Trash…Now What?
The $$$ dump conundrum
According to Ray Dalio, the Co- Investment Officer of Bridgewater Associates, “Cash is Trash”. Now wait just one minute and let that statement sink in and marinate a little in your neuron stratosphere, because that is exactly what I had to do. I literally kept repeating in my mind after reading that statement, “Cash is Trash?”…”Cash is Trash?”…”Cash is Trash?”…What the BLEEP does this mean. Needless to say, it sparked my curiosity and lead me down a worm hole to do my own simple research on the matter at hand. I was desperately fascinated and needed to know why my hard earned dollars was worth literally shit! So I dipped into the stream.
Wading in the Diversified Water
True to form using my simple search engine techniques, I googled Ray since I needed to find out more about the man behind such a provocative statement and found a number of interviews with him explaining his reasoning. I chose one such a video, [link here] which was part broken down as follows:
There are 3 monetary systems in history to present,where in the old days there was the intrinsic value of gold coins:
- Central Banks printed Certificates with claims on gold coins/money
- More Certificates than gold were then printed than there was money in the bank; this system was…