Dario warns of the risk of a "stagflationary financial crisis" in the United States and calls for allocation of the "ultimate currency" gold

Golden Finance reports that on May 8th, Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, once again issued a warning about the current state of the global economic order. Dalio stated that he has seen worrying signs indicating that the U.S. economy is heading into a “chaotic” period characterized by increasing deficits, rising inflation, and waning confidence in the American financial empire. In a recent podcast episode, he outlined a scenario in which the United States could fall into a financial crisis, mainly caused by excessive borrowing and money printing.
He said, “A financial crisis means that consumption capacity will be very limited.” Dalio speculated that in such a situation, the U.S. would be unable to sustain its military and social expenditures. “You will be very constrained. Due to demand outstripping supply, interest rates will rise, which will suppress borrowing, harm markets, and so on.” He also reiterated that he believes investors should allocate 5% to 15% of their assets in gold to get through a “very bad period.” “Throughout history, we find that in all these periods, all fiat currencies decline while gold prices rise.” (East News Agency)