You've been warned
Ray Dalio predicts a “debt-induced economic heart attack” within three years, likening the U.S. deficit to unhealthy habits.
He warns that the Federal Reserve’s potential loss of independence could lead to a decline in the dollar’s value, with foreign debt holders already shifting to gold.
Dalio attributes this to a convergence of five major forces: massive debt cycles, political conflict, geopolitical tensions, climate change, and rapid technological disruption.
https://finance.yahoo.com/news/ray-dalio-predicts-debt-induced-195306483.html
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