from Zero Hedge
It was almost exactly ten years ago that we first predicted that the Fed’s “moronic” QE which has sparked an unprecedented class, income and wealth divide, “positions US society one step closer to civil war if not worse.” This prompted Time magazine to mock our forecast, although we doubt the author, currently at Bloomberg where pretty much every financial op-ed writer eventually ends up, is laughing today after an almost identical assessment of the current situation, if ten years delayed, was published by a far more “respected” by the likes of Time commentator, Ray Dalio.
In the latest installment of his ongoing series on the changing world order published on his LinkedIn page, Dalio finally turned to ground zero in what will be the conflict of the 21st century – class and power struggles – and mused if the U.S. is at a tipping point that could move it from what he says is “manageable” tension to a full-blown revolution.