Reducing debts now or face an “economic heart attack”
Dubai, United Arab Emirates – Titan Ray Dalio has issued a new warning about the American economy, and warned of severe consequences if the Trump administration did not say the debt of the country.
“It seems as if I were a doctor and I was talking to you about your condition, and I would like to tell you, this is now very dangerous. Dalio told Murphy from the top of global governments in Dubai:” All these main problems. “What you have to do is reduce your impotence from About 7.5 % of GDP to 3 % of GDP, and you can do so. There are some things that you can do that you cut in a certain way that makes it healthier, so the real problem is a political problem. “
the Total US National debt She stood at about 36.22 trillion dollars from February 11, with 28.8 trillion dollars, as the audience keeps In the form of securities owned by individuals, companies, government or local governments, federal reserve banks, foreign governments and other entities outside the United States government.
High debts mean that the government spends more on benefits and is more economical in the event of future economic crises. It also leads to high inflation and creates a burden for future generations.
“I want to alert people. The founder of the billionaire company Bridge, Associated, said:” I want to alert government officials. “I want to help, as you know, so I feel like a doctor, and then I would like to say everyone, politically … if this does not happen, and we have what It is equivalent, as you know, an economic heart attack, or a heart attack in the bond market, then you know from the official, because it can happen. “
“So it takes the same type of discipline as if I was telling you, well, you need to change how to eat, you need to change the exercise routine, and you need to do these things.”
Dalio stressed that governments are responsible, and that leaders must pledge to reduce the US budget deficit from 7.5 % to 3 % of gross domestic product or resign.
When asked about his message to the Trump administration, Dalio replied:
“I think they are aware of the problem, then in the actions that are taken, how can you reduce the costs? How do you raise productivity? … Make sure you really know what you do while you are practical, and do that on … the conservative side, because you know, to what extent The cut can be actually?
Dalio also warned of debt on private credit, saying that “the whirlpool of debt is this part of the cycle, when the debtor needs to borrow money in order to pay debt service, accelerate, then everyone sees this, while they wear” R “she wants to carry debt. This is where we are approaching. “
Dalio’s Bridgewateer Associates is one of the largest hedge boxes in the world. She had 171.7 billion dollars of management assets as of September 2023, according to the US Securities and Stock Exchange Committee.