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David is a 5 time serial entrepreneur turned VC. David is best known for his blog…
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David Skok commented on a post
1y
Ray, I strongly believe in your analysis of the problem, and it's already clear that we're at the start of the crisis that you have been predicting for a while. The problem with our political system is that it is not broken in the way you predicted, and I see the chances of your proposal being adopted as close to zero. Unfortunately the majority of voters are not sophisticated about this topic. And politicians recognize that this is not a topic that will get them elected. So I see virtually no chance of the debt crisis being tackled until it is too late. I am deeply concerned about the impact, and constantly thinking about what to do from an investment standpoint to protect assets against inflation, dollar devaluation, and an economic crisis that would result from the inflation, and forced slowdown in government spending. I wish your books were more clear on what to do in this area. But thank you for your writings!
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