Are the tycoons sounding the alarm for a global debt crisis?
Posted: Tue Feb 18, 2025 4:53 am
Recently, Ray Dalio, founder of the worldrenowned hedge fund Bridgewater, said that he prefers to invest in "hard currencies" such as gold and Bitcoin, while avoiding debt assets because most major economies are facing the problem of rising debt ratios.
Dalio warned that the debts of major countries, including the United States, have japan phone number list reached "unprecedented heights" and it is impossible not to have a debt crisis in the next few years, which may lead to a sharp drop in the value of the currency.
Regarding the global debt problem, Dalio once said that the global economy is being profoundly affected by debt, currency and economic cycles, especially during the epidemic, when governments have taken on record debt to support the economy and avoid collapse.
Dalio previously believed that faced with a huge debt of 35 trillion US dollars, the United States will become increasingly dependent on monetized debt and embark on a similar path as Japan, which means that the risk of depreciation of the US dollar and other currencies will increase.
Dalio has been bullish on gold over the past few years, mainly due to currency debasement and rising geopolitical tensions.
Dalio warned that the debts of major countries, including the United States, have japan phone number list reached "unprecedented heights" and it is impossible not to have a debt crisis in the next few years, which may lead to a sharp drop in the value of the currency.
Regarding the global debt problem, Dalio once said that the global economy is being profoundly affected by debt, currency and economic cycles, especially during the epidemic, when governments have taken on record debt to support the economy and avoid collapse.
Dalio previously believed that faced with a huge debt of 35 trillion US dollars, the United States will become increasingly dependent on monetized debt and embark on a similar path as Japan, which means that the risk of depreciation of the US dollar and other currencies will increase.
Dalio has been bullish on gold over the past few years, mainly due to currency debasement and rising geopolitical tensions.