In his latest book (How Countries Go Broke: The Big Cycle), Ray Dalio — founder of Bridgewater Associates and one of the most influential macro investors of our time — issues a stark warning: The U.S. government is on a collision course with fiscal reality. With debt levels spiraling, spending outpacing revenue, and geopolitical tensions rising, Dalio envisions a future marked by economic disruption and the potential unraveling of the current world order.
But Dalio is not the first to sound the alarm. From the Goldbugs of the 1970s, to Ross Perot in the 1990s to Harry Dent and Peter Schiff in the 2000s and 2010s, the American economic landscape has long been shadowed by voices predicting collapse. What makes Dalio’s forecast different — and perhaps m
