Asymmetric Risks in US Economy

Goodbye Hegemony! How the End of an Era is Changing the Rules of Money

Apr 10, 2024

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A realistic image of an executive tearing a dollar bill in half, symbolizing the shift from traditional financial systems to new economic paradigms. The executive is dressed in a suit, standing against a neutral background. The moment captured is dramatic, with the dollar bill clearly being ripped apart, emphasizing the concept of breaking away from conventional monetary values and the rise of new economic realities. The image should convey a sense of power, decision, and the beginning of change, suitable for the cover of an article discussing economic shifts, the end of hegemony, and the impact of digital currencies.

One of the key lessons my grandfather taught me is that strong generations create weak generations, and weak generations create strong generations.

This is a principle that Ray Dalio has also affirmed, and we have discussed it numerous times in this newsletter. Throughout history, world orders tend to last about 100-200 years.

Naturally, these cycles experience numerous ups and downs. We see contractions and expansions, but there are also more cultural factors that go beyond market fluctuations.

One of the charts that best describes this is as follows:

Asymmetric Finance

Asymmetric Risks in US Economy

Goodbye Hegemony! How the End of an Era is Changing the Rules of Money

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