Ray Dalio Warns of Potential Return to Gold-Backed Currency System in the U.S.
Ray Dalio, founder of Bridgewater Associates, has raised concerns about the U.S. potentially reverting to a gold-backed currency system. Historical cycles show governments often re-link currencies to Gold during periods of devaluation. While not imminent, Dalio emphasizes this scenario remains plausible.
Currencies depreciate due to excessive money printing, leading to debt settlement strategies that erode trust. The U.S. dollar was once gold-backed, and history suggests such cycles may repeat. Dalio notes the tension between political aims for debt management and central bank goals for stable inflation.