Ray Dalio may no longer be steering the investment ship at Bridgewater Associates, but his recent warning on X has left little doubt about where he thinks the world is headed.
“We’re witnessing a classic breakdown of the major monetary, political, and geopolitical orders,” Dalio wrote, calling it a “once in a lifetime” phenomenon, the kind that “has happened many times in history, when similarly unsustainable conditions were in place.”
The spark? Tariffs. But the fire, Dalio says, runs deeper.
“These tariff announcements are important developments. But most people are overlooking the much larger forces that are driving just about everything,” Dalio said.
While he’s …