Dalio says that the expansion of US debt threatens the monetary order.
Bridgewater Associates founder Dalio said that the continuous accumulation of US government debt is threatening the monetary order. "You can see that the monetary order is under threat," Dalio said at a forum in Singapore on Friday. "Other factors combined will determine whether we are about to witness the end of the entire American empire." Dalio said that US spending exceeds normal levels by 30% and the need to sell $12 trillion in debt. "The demand for this debt in global markets is not as high as it is, causing a situation of imbalance between supply and demand," he said, attributing the credit crisis to "human nature."
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