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Cash Is “Not the Safest Asset to Hold” With the Printing Press Rolling: Ray Dalio

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▪ “We are in an era of the most massive MP3/helicopter money monetary stimulation since WWII” said Billionaire investor
 ▪ Cash is trash and US dollar is on short squeeze, he said

Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates thinks cash is not the best asset to hold in a world where central banks are printing money and keeping interest rates low in response to the coronavirus pandemic.

Cash, non-interest-Boring money, “will not be the safest asset to hold,” said the billionaire investor during a Reddit Ask Me Anything event on Tuesday as “We are now in an era of the most massive MP3/helicopter money monetary stimulation since WWII.” And this money and credit creation cannot produce goods and services or employ people.

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