Ray Dalio, one of the most sophisticated hedge fund guys just gave an interview to CNBC two weeks ago. He says, hey, I see sovereign debt crisis potentially happening in Europe with these governments. He says, Ray Dalio...says, but I see a failed treasury auction here where you go to market in refinancing these tens of trillions of dollars you have to do of debt where people don't want to buy it unless you really jack up the interest rate. We are coming to that point. And so what Elon tried, attempted to do and trying to do is find the fraud which he says is, and he said it again yesterday, is $1 trillion of fraud out of the. (32:44–33:10)
CLAIM
Asserts that Ray Dalio predicts a potential failed U.S. treasury auction due to refinancing needs.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
