🌎 Ray Dalio: the world is entering an era of systemic breakdown…
Billionaire and founder of Bridgewater Associates, Ray Dalio, believes we’ve entered a rare historical moment when three orders are breaking down at the same time the monetary, political, and geopolitical orders.
According to his framework, this is not chaos, but a recurring historical cycle. The U.S. remains strong, yet is approaching the late stage of decline, just before a full scale systemic crisis.
The core issue is fiat money and debt. Dalio argues that every paper money system eventually drowns in liabilities, and governments almost always choose money printing over default. At the same time, trust in the U.S. dollar is eroding due to sanctions and geopolitics, pushing central banks to accumulate gold as protection against fiat currency risks.
In essence, Dalio’s message is clear: prepare for a world where confidence in fiat currencies weakens, while the role of “hard” assets continues to grow.
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