The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ray Dalio: Gold is the second-largest reserve currency held by central banks
“Gold is not a precious metal that's speculated on, like most people have come to think of it as. It is the most established money that, it's the second largest reserve currency that central banks hold.”
Ray Dalio: 60% of Americans read below a sixth-grade level
“For example, 60% of all Americans have below a sixth grade reading level.”
Ray Dalio: Gold is the world's third-largest reserve currency
“Gold is the third largest reserve currency, by the way. Dollars euros, gold, and then yen.”
Ray Dalio: Half of the $2T US deficit goes to interest payments
“We now have that two trillion dollar deficit. Half of that is interest payments, plus we have to roll over nine trillion dollars of debt That has been accumulated and is maturing.”
Dalio: US COVID stimulus delivered more money than total lost income
“The government wanted to, and actually did, deliver a lot more money to people, companies, than there was a loss of income.”
Dalio: All commodities decline in real terms over long periods
“Commodities, by the way, in real terms, all commodities, every single commodity, in real terms over long decline, long periods of time have declined because of productivity.”
Dalio: Roughly 70% of U.S. government expenditures cannot be cut
“Roughly, 70% of government expenditures are, you can't cut.”
Ray Dalio: Four 1930s democracies chose to become autocracies
“So, in the thirties, four major democracies, because of that dynamic, chose to be, their parliaments chose to be autocracies. That happened in Germany, Italy, Spain, and Japan.”
Ray Dalio: US spends $7T against $5T revenue, running 40% deficit
“Basically, it's projected to spend about seven trillion dollars, take in about five trillion dollars, so it's running a 40% Deficit, 40% of its spending. It's been running deficits for a long time, so it has a debt that is 600%, six times the amount of money t…”
Dalio: China accounts for 33% of global manufacturing output
“They own 33% of all world manufactured goods, which is more than the combined U.S. German and Japanese manufactured goods, Chinese produce more.”
Dalio: 22% of Connecticut high schoolers are failing, absent, or dropped out
“22% of the high school students in Connecticut either have dropped out of high school or are failing classes with absentee rates of greater than 25%.”
Dalio: Japanese bondholders lost 80% vs gold and 60% vs US bonds
“To take a Japan, for example, if you were a holder of Japanese bonds, you lost about 80% of your money relative to gold, and about 60% relative to U.S. Bonds, because you received an interest rate that was three percent less than the corresponding interest rat…”