Billionaire Dalio warned about the collapse of the monetary system due to US duties

Ray Dalio, an American billionaire and founder of the hedge fund Bridgewater Associates, said on April 13 that he was "worried about something worse than a recession" because of US President Donald Trump's trade policy.

"I think we're at a decision point right now and we're very close to a recession. And I'm afraid something worse than a recession will happen if we don't get this over with," Dalio said on NBC's Meet the Press program.

He warned that the current economic situation creates the possibility for a "collapse of the monetary system," as well as profound changes within the United States and on the global stage.

"Such times are very reminiscent of the 1930s. I have studied history, and such scenarios are repeated over and over again," said the financier.

In particular, according to the billionaire, one should worry about disruptions in trade and the growing debt of the United States, as well as the fact that developing world powers are destroying the international economic and geopolitical structure.Газета.Ru ".

Market conventions: China and the EU may join forces in a trade war against the United States

The share of their total GDP in the global economy will reach a third in the coming years, but it is unlikely that the countries will remove all barriers.

On April 13, The Washington Post predicted the economic collapse of the United States and China due to the escalation of the trade war. It is clarified that this confrontation increases the risk of massive economic consequences and an escalation of the conflict between Washington and Beijing.