Ray Dalio, Bridgewater founder, has expressed concerns that the global monetary system is at risk of collapse. He attributes this to President Donald Trump’s tariff policies and growing US debt, which are contributing to a new unilateral world order. According to Dalio, the turmoil resulting from these policies could lead to a more severe shock to the monetary system than the 2008 financial crisis.
Dalio believes that trade disruptions, mounting US debt, and emerging world powers are driving the shift away from multilateralism towards a unilateral world order. He argues that Trump’s tariffs have understandable goals but are being implemented in a “very disruptive” way that creates global conflict.
The billionaire also calls for Congress to reduce the federal deficit to 3% of gross domestic product, echoing comments he made earlier. If lawmakers fail to address this, Dalio warns that a supply-demand problem for debt could lead to worse-than-normal recession results.
Dalio emphasizes that the value of money is at stake and that avoiding a collapse requires cooperation between lawmakers and discouraging conflict and inefficient policy globally.
Source: https://www.cnbc.com/2025/04/13/billionaire-ray-dalio-im-worried-about-something-worse-than-a-recession.html