Bridgewater Fund founder Dalio warns that the United States is entering a period of "great turbulence," with multiple structural forces stacking up to profoundly reshape the country and the entire world in the next five years.

　　In a podcast on the New York Times on the 7th, Dalio stated that massive fiscal deficits, growing income inequality, political polarization between the left and right, the reconfiguration of geopolitical patterns, and disruptive impacts brought by artificial intelligence will collectively drive this turbulent situation.

　　"All these forces coming together, significant changes will occur in the next five years," he said, "and after that, the world will be almost unrecognizable, with enormous changes, marking an era full of upheaval and intense turbulence."

　　For investors, Dalio recommends maintaining gold allocation between 5% and 15% of the investment portfolio, citing historical patterns that show during similar turbulent times, all fiat currencies depreciate while gold appreciates. Political conflicts may intensify after midterm elections.

　　Dalio expressed deep concern about the stability of American society and political systems, explicitly mentioning the potential risks of violent conflict.

　　He predicts that the Republican Party may lose control of the House of Representatives in the midterm elections, and this outcome will serve as a turning point for further political and social tensions. "From then on, you will see the intensity of political and social conflicts continuously rising, especially during the period between that election and the 2028 presidential election."

　　On the international level, Dalio believes that the rule-based international order no longer exists. He describes the trajectory of the US-Iran war as a "nearly black-and-white" choice—centered on who will control the Strait of Hormuz and who will control nuclear materials. This judgment implies that geopolitical risks have shifted from ambiguous strategic games to more direct strategic confrontations. Gold is the first choice in chaotic times; diversified allocation is the way to respond.

　　Faced with these risks, Dalio provides a clear asset allocation recommendation: maintain a highly diversified investment portfolio and keep gold holdings between 5% and 15%. He cites historical experience indicating that during such turbulent periods, fiat currencies invariably weaken, and gold plays a core role as a store of value.

　　Meanwhile, Marc Rowan, CEO of Apollo Global Management, also issued a warning, stating that the world is facing a "large-scale geopolitical restructuring," which will lead to an rise in the status of the working class, while the white-collar group will bear greater pressure. Both