Ray Dalio, founder of Bridgewater Associates, warned that the world is on the verge of three "seismic" upheavals.

(Bloomberg)

[Financial Channel/Comprehensive Report] Bridgewater Associates founder Ray Dalio (Ray Dalio) recently issued a warning at the China Development Forum, saying that the world is on the verge of danger and may face three "earthquakes" upheaval.

According to comprehensive media reports, the three "seismic" upheavals that Dalio refers to are "the monetization of huge debts", "huge internal conflicts caused by the gap in wealth and values" and "conflicts between international powers".

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Dalio said that these three forces of drastic change started a few years ago and continued to increase. They have now reached a critical point, and said that if they happen, it will be like we have never seen in our lifetime, but The way that has happened many times in history, changing the domestic and world order.

Dalio also pointed out that from the perspective of the global economic development situation, there are huge cyclical fluctuations in the evolutionary economic upward trend. These cyclical fluctuations are composed of short cycles, which interact to form a large cycle, and this large cycle is The so-called "good times" and "bad times".

Dalio said that in the process of many short cycles accumulating to form a large long cycle, the debt ratio rises, when the debt becomes too large to sustain, it will lead to huge debt and economic restructuring, and it will come in the form of monetized debt .

At the same time, there are financial and economic cycles, political cycles within countries, and geopolitical cycles between countries. A major crisis that would lead to dramatic changes in the domestic and world order.

Dalio said that since the establishment of the new world order and monetary order represented by the United States and the US dollar in 1945, 12.5 short-term cycles have occurred, and today's large-scale debt cycle has formed.

Dalio said that the world is now in a period of short-term debt cycle. Central banks led by the US Federal Reserve (Fed) are tightening money and credit to fight inflation, so that the market is collapsing and the economy is about to weaken.

Dalio also pointed out that when the Russia-Ukraine war continues and the world is uneasy, the world has entered a major international geopolitical cycle. Tensions make each of these countries and the entire environment more dangerous.

Dalio believes that the world needs a strong leader who can enable people to do the right thing and overcome difficulties to deal with the current turbulent international situation, but also be wise and restrained enough to avoid causing regrettable, Internal or external provocations and wars do more harm than good.

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