‘Capital war’ feasible if US bans financial commitment in China or withholds bond payments: Ray Dalio

Published

4 years ago

July 26, 2020

'Capital war' possible if US bans investment in China or withholds bond payments: Ray Dalio

Bridgewater Associates founder Ray Dalio joins ‘Sunday Early morning Futures.’

In an interview with “Sunday Morning Futures” host Maria Bartiromo, Bridgewater Associates Founder Ray Dalio warned of a likely capital war if the United States government bans investment in China or withholds its bond payments to the country.

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“If you say, by regulation, don’t devote in China or even perhaps withholding the payment of bonds that the United States owes payment on in China, these factors are possibilities and they have major implications this kind of as for the benefit of the greenback since traders, premarket investors, are not utilized to obtaining all those matters dictated by the government,” Dalio mentioned. “So these are complicated concerns that have to be perfectly-resolved at this time”

Traders, some in health-related masks, work on the flooring of the New York Inventory Trade on March 20, 2020 in New York Metropolis. (Picture by Spencer Platt/Getty Images)

Dalio claimed that we are in an “ideological civil war” with the Chinese and that when you mix that with “an economic downturn in which there is the printing of dollars and the creation of income out of skinny air,” it makes more substantial difficulties for the U.S. financial state.

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The biggest concern Dalio is fearful about is “the soundness of our revenue.”

“You are not able to continue to operate deficits, provide credit card debt or print funds instead than be successful and sustain that in excess of a period of time of time,” Dalio explained.

He warned that if we do not get the job done together to make far more audio conclusions about our dollars, the economic climate will decline.

“If we do not operate together to do the sound factors, to be effective, to generate far more than we spend, to construct the security of our currency and construct a good stability sheet, we are going to decline. We are declining since of these items,” Dalio said. “And so it’s essentially in individuals fundamentals that are the most important points that we offer with. We are our personal worst enemy, so how we deal with each other soundly and productively in a way that most individuals in the region believe is reasonable is going to establish our future.”

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Goodwin Townsend

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Portuguese historical films will premiere on 29 December.

Published

1 year ago

December 20, 2022

Herb Adkins

Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

Published

1 year ago

December 20, 2022

Herb Adkins

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Published

1 year ago

December 19, 2022

Herb Adkins

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

Herb Adkins

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