Bridgewater founder warns: U.S. debt crisis threatens monetary system

According to Golden Finance, Bridgewater Fund founder Rui Dalio said that the continued accumulation of U.S. government debt is putting the monetary system at risk. "We are witnessing the threat of the monetary order, combined with other factors, which will determine whether it indicates the end of the entire American empire," Dalio said on Friday. The hedge fund giant pointed out that the United States currently has 30% overspending and requires the sale of $12 trillion in debt. “The global market lacks equal demand for such debt, which will create an imbalance in supply and demand,” he attributed credit out-of-control to “human nature.” (Jin Shi)