The post Predicted the 2008 crisis, says the US is on the brink of something worse appeared on BitcoinEthereumNews.com.

On Apr. 13, 2025, a U.S. billionaire and founder of the biggest hedge fund, Bridgewater Associates, Ray Dalio, told NBC’s Meet the Press reporter that “right now we are at a decision-making point and very close to a recession.” Still, he is worried about “something worse than a recession.” He shared his view of a possible upcoming catastrophe and outlined what could be a remedy. “Worse than a recession” The Meet the Press reporter asked Dalio to explain what he meant when he said that the tariff problem is a symptom of a greater problem. Dalio indicated several simultaneous issues at once. According to Dalio, these problems are the growing government debt that changes the American monetary order and the internal political conflict that changes the American political order.  On top of it, Dalio said that external conflicts, changing technologies, and natural disasters (like floods, pandemics, etc.) are the factors contributing to instability. He said that tariffs are carried out in a chaotic and “very disruptive” way, lacking quality negotiations, pragmatism, and stability. However, Dalio noted that the outcome would be clear in 90 days, probably due to a pause in tariffs applied by the Trump Administration. When asked about the probability of a recession, Dalio answered that the recession per se is not something terrible; it’s just two consecutive quarters of negative GDP, while the challenges that America is facing now are more profound, and they may change the domestic and monetary order in the U.S. Dalio compared the upcoming crisis with the 1930s, the Great Depression times.   According to Dalio, if the budget deficit is not regulated, the country will face a supply and demand problem for the U.S. debt. Potentially, it may break the monetary system down. If it happens combined with other challenges mentioned above, the…

---

Filed under: News - @ April 16, 2025 4:27 am