Bridgewater Founder Warns: U.S. Debt Crisis Threatens Monetary System
Jinse Finance reported that Bridgewater Associates founder Ray Dalio stated that the continued accumulation of U.S. government debt is putting the monetary system at risk. Dalio said on Friday: "We are witnessing threats to the monetary order, and combined with other factors, this will determine whether it signals the end of the entire American empire." The hedge fund giant pointed out that the U.S. currently has 30% excessive spending and needs to sell $12 trillion in debt. "There is not equal demand for such debt in global markets, which will create an imbalance between supply and demand," he attributed the credit out-of-control situation to "human nature." (Golden Ten Data)
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