Ray Dalio of Bridgewater: America on the brink of civil war over political loopholes and wealth



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  • Bridgewater Associates founder Ray Dalio tweeted Sunday that the United States could fall into a “terrible” civil war if its political and economic challenges are not met.
  • “Our country is still in a terrible financial situation and terribly divided,” he wrote.
  • He called on Democrats and Republicans to work together to close the wealth gap, government debt and political partisanship.
  • Visit the Business Insider homepage for more stories.

Bridgewater Associates founder Ray Dalio said on Sunday he believed the United States could slide into a “terrible civil war” if political, economic and social divisions were not resolved.

“I believe we are on the brink of a terrible civil war,” the hedge fund billionaire wrote in a Twitter message series.

“We are at an inflection point between entering some type of fighting hell or withdrawing to work together for peace and prosperity,” he said. “Our country is still in a terrible financial situation and terribly divided.”

Dalio’s harsh assessment comes as the United States faces enormous challenges, including the pandemic-induced economic crisis, income inequality, deep political divisions and massive public debt. It also comes weeks after a crowd of supporters of former President Donald Trump stormed the United States Capitol, fueled by baseless allegations of electoral fraud in the presidential election. Five people died in the violence and dozens of rioters were arrested.

Read more: Hedge fund billionaire Ray Dalio warns political and wealth gaps in the United States could lead to conflict – and even ‘a form of civil war’

Dalio praised new President Joe Biden, saying he was “delighted to hear what President Biden said on his inauguration. This is consistent with the direction history has shown the country in must evolve “.

In his inaugural address, Biden called for unity among Americans and said “democracy had prevailed” after the unprecedented attempt to overturn the results of the presidential election and the capture of the Capitol.

It was not the first time that Dalio warned that the United States could fall into some kind of civil war if the political and wealth gaps are not closed.

He often warned that lack of opportunity, income splitting and underinvestment in education could cause irreversible damage.

“I have studied the last 500 years of history and cycles: big gaps in wealth with big gaps in values ​​at the same time that there is a lot of debt and there is an economic slowdown produces conflict and vulnerability, ”he told CNN’s Poppy Harlow in an interview that aired last month.

Dalio also compared the recent exodus of CEOs and companies from business centers like New York and San Francisco to Florida and Texas as a kind of “civil war.”

“We are witnessing a form of civil war: people are moving from one place to another, partly for taxes, but also partly for other reasons,” he said in December. “The worst alternative is for one side or another to say, ‘This is not my country anymore. It is not my population. “”

On Sunday, Dalio said Democrats and Republicans must make changes.

“The right words and wit are not enough,” he wrote. “People will have to agree on how to grow the pie and how to divide it well. It will require revolutionary change.”



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