Billionaire Investor Ray Dalio Warns U.S. is ‘On the Brink’ And Estimates a More Than 1 in 3 Chance of Civil War
- Billionaire Investor Ray Dalio Warns U.S. is ‘On the Brink’ And Estimates a More Than 1 in 3 Chance of Civil War
by Christiaan Hetzner, www.msn.com
Billionaire investor Ray Dalio believes the chances of a second American Civil War stand better than one out of three and is urging investors to move part of their assets out of the country.
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Dalio, who founded the world’s largest hedge fund Bridgewater Associates before relinquishing control in September 2022, believes this year’s presidential election between incumbent Joe Biden and challenger Donald Trump is the most important one of his lifetime and be serve as a litmus test that determines whether risks spiral out of control.
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“We are now on the brink,” he told the Financial Times in an interview published on Thursday, estimating the probability of strife erupting at somewhere between 35% to 40%. Civil war seemed inconceivable only a few years ago. But the Jan. 6 scenes of angry mobs sacking the Capitol—beamed into living rooms and narrated by a British ITV news team in real time—were all too reminiscent of political revolts in third world countries.
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The idea of a “national divorce”, proposed last year by Congresswoman Marjorie Taylor Greene, has since been brought to the silver screen by director Alex Garland in the simply named Civil War released in April. A Rasmussen poll conducted shortly thereafter suggested 41% of likely U.S. voters believe they will experience a civil war sometime in the next five years.
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