Subject: Re: China fires across the bow
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"Dalio said the fallout from turmoil in bonds could be a more severe shock to the monetary system than the 2008 financial crisis."

“We are going from multilateralism, which is largely an American world order type of thing, to a unilateral world order in which there’s great conflict,”
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https://www.cnbc.com/2025/04/1...

If the chance of worst case he described has 10% probability, it makes sense to be prepared.