Ray Dalio’s 2025 warning of ‘new monetary order’ resurfaces: Can gold shun US Dollar’s reserve currency status? by Live mint | January 20, 2026 11:07 am | Indian Stocks, Market, News Ray Dalio predicted scenarios worse than recession, akin to the 1930s, including monetary inflation eroding bond values as stores of wealth, potentially rivaling 1971 or 2008 crises if compounded by conflicts.