BlockBeats News, June 10, Monday local time, Bridgewater Associates founder Ray Dalio published a long article titled "Civil War?".
Dalio analyzed the "Fifth Stage" and "Sixth Stage" of the domestic cycle in a country. According to Dalio's conclusion, the Fifth Stage is the eve of a class conflict outbreak caused by fiscal deterioration and is of crucial significance in the internal cycle of a country. The United States is currently in this stage.
Dalio summarized the "toxic combination" that triggers major internal conflicts, including a country facing fiscal difficulties (such as high debt and obligations); a significant wealth gap and disparity of values within society; and encountering severe economic shocks.
Dalio cautioned against blindly believing that "this won't happen here." Successful countries are those that can continuously self-repair and adapt to change during the cycle.
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