Billionaire investor Ray Dalio, known for his accurate forecast of the 2008 financial crisis, has issued a caution regarding the United States, indicating potential for internal conflict that he describes as a form of “civil war.”
Dalio’s analysis attributes these risks primarily to escalating government debt and pronounced wealth disparities. He metaphorically described rising national debt as “plaque in the arteries” that could hinder economic spending. Citing figures, Dalio highlighted that the wealthiest 10% of the US population owns over two-thirds of the nation’s wealth, in contrast to the bottom 50% holding less than 4%. He asserted that “When there are larger wealth gaps and values gaps, then there are greater conflicts.”
In addition to economic concerns, Dalio also referenced broader factors impacting the US economy, such as geopolitical developments, technological progress, and natural disasters. This assessment follows earlier warnings from Dalio, including a caution in April about a potential economic recession or depression, linked to market instability previously attributed to tariffs.
Source: https://www.livemint.com/news/us-news/billionaire-investor-ray-dalios-big-warning-for-the-us-flags-potential-civil-war-risks-heres-why-11760190145429.html