Ray Dalio, the founder of hedge fund Bridgewater Associates and a billionaire investor, stated that the likelihood that the United States will descend into civil conflict is increasing.
During an interview with the Financial Times, Dalio, 74, elaborated on his research findings that indicated a 35 to 40 percent probability of a civil war occurring in the United States.
“We are now on the brink” Dalio said.
Dalio stated that while it is conceivable, a contemporary civil war would not necessarily involve individuals “grab guns and start shooting.”
Dalio defined what he means by “civil war” as an intensification of political polarization in which individuals “\migrate to states that are more in line with their desires and disregard the directives and decisions of federal authorities.
The billionaire stated that he considers the election in November to be the most crucial of his lifespan. Dalio argued that the outcome this autumn will determine whether the risks he perceives are feasible.
Dalio declined to support either former President Trump or President Biden.
Dalio recently posited in the interview that investors ought to reallocate a portion of their capital to international markets due to the potential impact of escalating U.S. government debt on treasury bonds.
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