Billionaire Ray Dalio: The US won't avoid war with Russia and China

Multibillionaire reveals why the US won't be able to avoid war with Russia and China

American billionaire Ray Dalio is a crisis specialist. He predicts that soon the US and European countries expect a catastrophic drop in living standards. Moreover, according to Dalio, America is threatened not only with a civil war, but also with a full-scale clash with Russia and China.

The finance specialist noted that the US spends much more than it earns. To keep spending, Washington needs to print more money and take on more debt, but that will increase inflation and political conflict.

“At the same time, the conflicts are already so serious that they can end in a civil war. In addition, the country is on the verge of war with China and Russia,” Dalio said in an interview with Spiegel.

The expert does not exclude that China will be drawn into an economic war with Western countries, as a result of which world trade will become even less efficient. After that, Washington may impose economic sanctions against Beijing.

However, this will harm both sides of the conflict, since China is closely connected with other states.

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Author`s name Petr Ermilin