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Billionaire Ray Dalio predicts there is a 30% chance of a US civil war in the next 10 years

Billionaire Ray Dalio predicts a 30 percent chance of a US civil war in the next decade due to “emotional” political polarization, but says the Constitution will likely save the nation.

Dalio is the founder of the world’s largest hedge fund firm, Bridgewater Associates. This year, he was ranked as the 88th richest person in the world with a net worth of $20.3 billion.

He makes his bold claims in his new book, “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail,” published Nov. 30.

Dalio explains that he thinks there is a “dangerously high risk” that the country will have a civil war within ten years. He points to the “ignored” governance rules and the “exceptional amount of polarization” currently seen in the country.

Ray Dalio, in his new book “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail,” predicts that there is a 30 percent chance of a US Civil War in the next decade.

He makes his bold claims in his new book,

He makes his bold claims in his new book, “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail,” published Nov. 30.

“For example, if there are close elections and the losers respect the decisions, it is clear that the order is respected,” he writes.

‘When there is a fight and seizure for power, it is a clear signal of the great risk of revolutionary change with all the disorder that entails.’

He notes that people, including senior officials, have openly questioned the validity of recent elections and expressed their willingness to fight for their faith.

Dalio cites several studies as statistical evidence of his claims of polarization within the country, which show the deep rift between the two political parties.

A 2019 Pew poll found that 55 percent of Republicans and 47 percent of Democrats viewed the other party as more immoral than other Americans, and 61 percent of Republicans and 54 percent of Democrats said the other party didn’t. agreed. their values.

Also, 79 percent of Democrats and 83 percent of Republicans said they had “cold” or “very cold” feelings for members of the other party; 57 percent of Democrats and 60 percent of Republicans selected “very cold.”

He also cited another study that found that 80 percent of Democrats think the Republican Party has been overrun by racists and 82 percent of Republicans think the Democratic Party has been overrun by socialists.

A 2010 study reported that nearly half of Republicans and a third of Democrats would be unhappy if their child married someone from the other political party. That’s a dramatic jump from the nearly 5 percent of both parties saying the same thing in 1960.

He notes that governance rules are

He notes that governance rules are “ignored”, starting with people who question the validity of elections and do not respect them

He also points to the

He also points to the “exceptional amount of polarization,” specifically between Republicans and Democrats, which studies show are emotionally charged.

Dalio points to the six stages of the cycle of internal order/disorder that ends in civil war and claims that the US is currently in the fifth phase

Dalio points to the six stages of the cycle of internal order/disorder that ends in civil war and claims that the US is currently in the fifth phase

The trusted billionaire credits the constitution as the country's potential saving grace, as it is the

The trusted billionaire credits the constitution as the country’s potential saving grace, as it is the “longest-standing and most admired internal order,” making it “less likely it will be abandoned.”

Even more dramatic, a recent survey found that 15 percent of Republicans and 20 percent of Democrats thought the country would be better off if a majority of the opposing party “just died.”

These studies show not only the intense divisions between the two political parties, but also the emotional charge between the disapproval of each other.

Dalio notes that “very significant and telling political conflicts and changes lie ahead” that will indicate the stage of the internal order/disorder cycle the country will find itself in.

He points to the six phases of the internal order/disorder cycle, which ends in civil war, and claims that the US is currently in phase five: dire financial conditions and intense conflict.

Dalio, however, mitigates the need for panic by attributing the Constitution as the “longest-standing and most admired internal order.”

“This makes it less likely to be abandoned, but more traumatic if it does.”

Dalio currently serves as Bridgewater’s chairman and co-chief investment officer after launching the company from his two-bedroom apartment in New York City 46 years ago, according to the company’s website.

The hedge fund giant has since grown into one of the largest in the world, managing approximately $150 billion.

Bridgewater became famous for making money during the 2008 financial crisis and is known for its unique corporate culture.

The company promotes an “idea meritocracy” in which employees are encouraged to consider “radical transparency” and accountability in investment decisions, regardless of their place in the company hierarchy.

Dalio retired from the hedge fund’s day-to-day operations in 2017, but his views and predictions about the markets, the economy and the country are still closely monitored.

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