
Credit: Unsplash
Billionaire investor Ray Dalio expressed serious concerns about the future of America after the upcoming election, citing the escalating political divide and unsustainable national debt as key challenges the nation faces. Speaking at the Future Investment Initiative conference in Saudi Arabia on Wednesday, Dalio, founder of Bridgewater Associates, called for meaningful reforms to unify the country.
“Both of the candidates worry me,” Dalio told CNBC, referencing Republican presidential candidate Donald Trump and Democratic candidate Kamala Harris. “This left, right and fighting each other is a problem as it becomes more of the extremes. I think there needs to be a bringing of Americans together, that middle of that, and making great reforms.”
Dalio pointed to economic and social divides that continue to widen across the country. While noting Trump’s more capitalist approach could benefit domestic capital markets, he warned that significant deficits will persist regardless of which candidate prevails. “The debt is concerning, the internal conflict is concerning, the external conflict is concerning,” Dalio said. He emphasized the importance of unity and reform: “It’s a shame because we need to bring the country together in a smart way.”
Dalio also spoke about the economic risks of increasing U.S. Treasury debt, much of which is held by foreign entities. This heavy reliance, he says, could lead to market volatility: “Treasury market is basis of all capital formation. At some point, when you combine it with the internal conflict issue…if you have a downturn, I’m worried about internal political and social conflict.”
When asked about investment strategies, Dalio recommended a balanced and diversified portfolio with assets such as gold, which he said can help reduce risk in turbulent economic times.
12 Signs You Are Burned Out and Need a Break ASAP!
-
Credit: Envato Elements Avoid These Tourist Spots = Too Crowded! It’s wild how quickly a beautiful, peaceful spot...
-
Credit: Unsplash The Real Situation in Texas Right Now Over the July Fourth weekend, a sudden and violent surge...
-
Texas is In Trouble Over the Fourth of July weekend, Central Texas was hit by catastrophic flash floods that...
-
How Exactly Is This Bill Making America Great Again? President Trump is pushing hard for his latest budget bill,...
-
Credit: Envato Elements Victims’ families call out prosecutors over rushed plea deal for Idaho murder suspect Bryan Kohberger In...
-
Credit: Envato Elements Thunderbolts, Tuxedos and a Touch of Chaos as Jeff Bezos and Lauren Sanchez’s Star-Studded Pre-Wedding Party...
-
Credit: Shutterstock Did The U.S. Just Make a Big Mistake By Bombing Iran? Donald Trump just launched airstrikes on...
-
Credit: Unsplash Should You Be Worried About Iran Attacking the USA? There’s a lot going on in the world...
-
Credit: Shutterstock Elon Musk acknowledges his online criticism of President Trump went too far as both sides begin to...
-
Credit: Shutterstock Are Things Good Now? If you’ve been following the news lately, you know that things between the...
-
Credit: Shutterstock Was Charlie Kirk Even Prepared to Debate Cambridge Students? Charlie Kirk walked into the Cambridge Union expecting...
-
Credit: Pexels Investigators Search for Answers After a Mexican Navy Training Vessel Crashes Into the Brooklyn Bridge, Leaving Two...