The founder of the world’s largest hedge fund Bridgewater Associates, Ray Dalio, has warned on Thursday that the US is on a “classic path” toward “some form” of a civil war.
The current financial conditions and irreconcilable differences in desires and values are consistent with the ingredients leading to civil strife, according to him.
“Not knowing what is true because of distortions in the media and propaganda increases as people become more polarized, emotional, and politically motivated,” Dalio wrote on LinkedIn.
He pointed to a number of factors that led him to this notion, including large deficits, high taxes, inflation, and wealth disparity that bring about political polarization.