Ray Dalio said the U.S. is heading into five years of “great turbulence” driven by deficits, the wealth gap, AI disruption and political polarization, and told investors to put as much as 15% of their portfolio into gold.
The Bridgewater Associates founder, speaking on the New York Times’ Interesting Times podcast, compared U.S. debt to “plaque” building up before a heart attack and said the current setup looks “much more like the ’30s” than the 1970s.
He also made two more specific calls that prediction market traders are already pricing.
Dalio’s Iran Endgame Already Has Two Polymarket Contracts
Dalio framed the U.S.-Iran war’s outcome in “black-and-white” terms: who controls the Strait of Hormuz, and who controls the nuclear materials.
He compared the current conflict to the 1956 Suez Crisis, which signaled the end of the British Empire’s financial and geopolitical dominance.
Dalio noted that if the U.S. fails to secure …
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