Ray Dalio warned Friday that US overspending is piling up debt and threatening the monetary order, according to Bloomberg. Speaking at the FutureChina Global Forum in Singapore, Dalio warned that mounting threats to the monetary order could contribute to the potential end of the US empire. The Bridgewater Associates founder said the US will spend $7 trillion this year while only taking in $5 trillion, forcing $12 trillion in debt sales that could overwhelm demand. Dalio said both parties in Washington have failed to address spiraling debt, calling the imbalance a product of “human nature.” Dalio said Trump officials, including Treasury Secretary Scott Bessent, are more proactive in addressing US debt issues, though he lacked details on their measures.
