FTA: (it's worth pointing out that Dalio correctly predicted the 2008 financial crisis).
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"Such times are very much like the 1930s," he told NBC.
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"Right now we're at a juncture," he told NBC. He believes Congress needs to get the budget deficit down to 3% of GDP while managing trade deficits "in the right way." If not, there will be a supply-demand issue for debt and "the results of that will be worse than a normal recession."

Worse than a "normal recession"? Is it a pox on both their houses and their summer houses? Ooh, how about we all dress like ICE and raid them? Hmm... It's hard to think about 1930's survival strategies when your city is under threat of Federal military invasion and economic collapse.