‘The US economy will reach a critical situation in the next 2 years when it may have to tackle the US dollar crisis rather than the debt. It would be a political as well as a social crisis,’ was the serious warning issued by the US billionaire investor Ray Dalio. Dalio also warned that the new recession in the United States will hit the common man the most and it will be difficult to make payments linked with health and pension.
To tide over the reduction in the US growth rate and the huge deficit in the budget, the government will resort to additional dollar bill printing, claimed the US investor. Dalio is known for his frank opinions in the US stock market and investments. He is the founder of one of the largest Hedge Fund, ‘Bridgewater Associates’ and is in the list of the top 100 richest people in the world.