Nassim Taleb Warns of Risk Awareness Lapse: US Deficit, Golds Role in Global Economy, and Trumps Tariff Policy

In a recent interview, Nassim Taleb, the renowned author of "The Black Swan" and scientific advisor at Universa Investments, expressed his concerns about the current state of risk awareness in the world. Despite the increasing US deficit, the use of gold as a reserve currency, and the opacity of private markets, Taleb believes that the "consciousness of risks" has not improved over the last 25 years.

The US deficit has been on the rise for several years, and many experts believe that this could lead to a potential economic crisis in the future. Gold has been used as a reserve currency for centuries, but its role in today's global economy is being questioned as countries look for more stable and reliable alternatives. The opacity of private markets, which can make it difficult for investors to assess the true value of assets, is also a major concern.

Taleb also criticized the Trump administration's approach to tariffs, stating that it "makes no sense." He believes that tariffs can have unintended consequences and can lead to a trade war that could harm both the US and its trading partners.

In conclusion, Taleb's comments highlight the importance of being aware of the risks that we face in today's world. Despite technological advancements and increased access to information, it seems that we are still not fully prepared for the unexpected and unpredictable events that can have a significant impact on our lives. As Taleb puts it, "We are still in the same place we were 25 years ago."

The image accompanying this article is a photograph of a person looking thoughtfully at a computer screen, symbolizing the need for continued vigilance and awareness in the face of complex and unpredictable challenges.