Ray Dalio Warns of Monetary System Collapse as BRICS Challenges Dollar Dominance
Ray Dalio's dire warnings about the end of the current monetary system are gaining traction as U.S. national debt balloons past $38 trillion. The Bridgewater Associates founder presents governments with a grim binary choice: print money or face debt crises. This aligns with his 'Big Cycle' theory predicting systemic financial upheaval.
BRICS nations are accelerating de-dollarization efforts while central banks scramble toward gold as a SAFE haven asset. The shifting landscape raises fundamental questions about the dollar's future role in global trade. Dalio frames this as a breakdown of the decades-old monetary order during his Davos appearance, describing sovereign debt as an 'aggressive cancer' with generational consequences.