Ray Dalio Says US Monetary Order Is at Risk as Debt Mounts

Ray Dalio said the US is unable to cut back on runaway spending that is piling up debt and putting the monetary order at risk.

“You’re seeing the threat to the monetary order,” Dalio said on a panel during the FutureChina Global Forum in Singapore on Friday. “Other factors together will determine whether we’re seeing the end of the entire US empire.”