Ray Dalio on the Coming Crisis in US Debt
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another episode of the Odd Thoughts podcast. I'm Tracy Alloway. And
I'm Joe Weisenthal.
Joe, have you ever seen those visuals of a trillion dollars where it's like, here's 100 here's a hundred dollar bill, here's a stack of $10,000, Here's a million dollars. And, eventually, you get to 1,000,000,000,000, and it's just all these palettes of notes that are worth a billion each, and they're, like, covering the size of a football field or something, and they're double stacked. I
love I love that. I never really know what they mean. It's like, oh, this is as big as the Statue Of Liberty or something like that. And it's like, okay. Like, I mean, that is objectively big. I get is that a good way to visualize money in terms of what it means? I don't know. But, yes, money, especially your small denomination bills, can really pile up, before you get to real value.
Well, okay. Speaking of big numbers, The US budget deficit was about 1,800,000,000,000.0 in 2024. So if we stick with the visual Yeah.
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