The Global Economic Fragmentation | Ray Dalio

Ray Dalio, a famous American billionaire investor, discusses the high levels of global debt and the devaluation of fiat money, which leads to inflation. He mentions that the allocation of resources is no longer economic but political and ideological, leading to conflict and lack of cooperation. The possibility of a civil war in the United States is uncomfortably high, according to Dalio, as there is a high probability that no side will accept losing. He states that the world is breaking up into sides, with the ideologies of allied, access, and neutral powers becoming the dominant consideration. Dalio suggests that doing business in China may no longer be politically acceptable, which could have significant implications for inflation and inefficiencies. He concludes that the unimaginable is becoming increasingly probable, and the world is in an undesirable position.