Source: Cointelegraph
Original: “Ray Dalio, Founder of Bridgewater Associates: Global Monetary Order 'On the Brink of Collapse'”

Legendary investor Ray Dalio stated that the global monetary order is "on the brink of collapse," a process that is being accelerated by tariff disruptions from the Trump administration.

In a post on the X platform on April 28, Dalio pointed out that trade tensions are undermining currency, political, and international order, fueling de-globalization and unsustainable trade imbalances. He previously served as the CEO of the hedge fund Bridgewater Associates.

Dalio added that this has led to irreversible damage, with an increasing number of importers and exporters, especially between the U.S. and China, significantly reducing mutual dependence and "developing contingency plans."

“They realize that regardless of how tariffs change, these issues will not disappear, and a significant reduction in mutual dependence with the U.S. is a reality that must be planned for.”

Dalio stated that the role of the U.S. as the world's largest consumer of manufactured goods and the largest issuer of debt is becoming increasingly unsustainable, and the idea that trade partners will continue to sell goods to the U.S. and receive dollars is "naive thinking."

As a result, more countries may bypass the U.S. by forming new trade networks that rely on alternative currencies.

Although Dalio did not specify which currency alternatives would undermine the dollar's dominance, he advocates for "hard currency" assets such as Bitcoin and gold during times of global uncertainty.

The billionaire called for the U.S. to take more calm and coordinated actions to address trade imbalances and achieve greater self-sufficiency.

Dalio stated that confronting the U.S. government's debt issues will yield better results than the "path" we are currently on. He said:

Dalio suggested that investors and policymakers shift their focus from daily market fluctuations and policy announcements to these "significant fundamental changes" in the world order.

China has been affected by tariffs from the Trump administration, with tariffs on all imported goods reaching as high as 145%, while neighboring countries Canada and Mexico impose 25% tariffs on most goods.

Some major Bitcoin mining machine manufacturing countries, such as Thailand, Indonesia, and Malaysia, face tariffs of 36%, 32%, and 24%, respectively, which have already impacted the import of machines to the U.S.

Related: Gold-backed cryptocurrencies surge amid global trade uncertainty.

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