Billionaire investor sees 1 in 3 chance of civil war

Ray Dalio, the billionaire investor and founder of hedge fund Bridgewater Associates, said he believes the United States is increasingly likely to descend into civil war.

in Financial Times interviewDalio, 74, detailed a study that found the chance of civil war in the United States was 35 percent to 40 percent.

“We’re on the brink right now,” Dalio said. Still, he said it remains to be seen whether “we’re going to enter even more turbulent times.”

Dalio said that while modern civil wars can lead to people “picking up guns and starting shooting,” that’s not necessarily the case.

Dalio said the civil war means increased political polarization, with people “moving to other states that are more in line with what they want,” and a situation in which people don’t follow the decisions and instructions of federal authorities. It was explained that. .

The billionaire said he considers this November’s election the most important election of his lifetime. Dalio argued that this fall’s results will determine whether the risks he envisions are actually possible.

Dalio declined to endorse either President Biden or former President Trump, but said he recently attended a Taylor Swift concert and said “partially in jest” that he would support her if she decided to run.

In an interview, Mr. Dalio argued that investors should move some of their money to overseas markets because rising U.S. government debt levels could hurt national debt.

This is not the first time the billionaire has warned of the end of the global economy because of the United States. For years, Dalio said, businesses and governments have been saying, move away from Establish a US-centric model and end the international use of the US dollar.

Recommended by Dario Interview for January 2023 People investing in countries with minimal debt, no serious internal conflicts, and less exposure to international wars. He cited countries such as Indonesia, Vietnam and India.

“People who want globalization will look no further than the United States, China and Europe,” he said.