21 September 2023
Billionaire Ray Dalio warns of the U.S. resorting to printing more money as its debt escalates, leading to potential economic instability. As debt surpasses income, consumption gets strained, pushing the government towards quantitative easing to increase dollar supply. The current national debt is at $33.044 trillion. Dalio also points out a looming risk: if the U.S. prints more money, leading to a drop in the dollar’s value, bondholders might liquidate their holdings due to reduced bond value.