The Bridgewater Associates founder has long warned of the risks of spiralling debt becoming unsustainable. He has said that politicians on both sides of the aisle in Washington have been reluctant to deal with the growing fiscal challenges.
Ray Dalio said the US is unable to cut back on runaway spending that is piling up debt and putting the monetary order at risk.
“You’re seeing the threat to the monetary order,” Dalio said on a panel during the FutureChina Global Forum in Singapore on Friday. “Other factors together will determine whether we’re seeing the end of the entire US empire.”
