The legendary investor Ray Dalio said the world was “on the brink” of the global finance, which accelerated the interruptions of the Trump administration's tariffs.
Trade tensions are adapted to financial, political and international orders by fuel by fueling deglobalization and unstable trade imbalance, Dalio, the former CEO of the Hedge Fund Bridgewater Associates, Says In a post of April 28 x.
Dalio added that this leads to irreversible injuries, and an increase in the number of imports and exports, especially between the US and China, is a huge reduction of coherence and “making alternative plans.”
“[They’re] It is acknowledged that no matter what happens in the tariffs, these problems will not be lost, and that radically reduced correlations in the US are a fact that needs to be planned. “
Dalio said the role of America as the largest consumer of the world of goods and the largest debt provider is seeking uncertainty, and the idea that trade partners will continue to sell in the US and receive the dollar is “naive thought.”
As a result, more countries can exceed the US by developing new trading networks relying on alternative currencies.
While Dalio does not suggest which alternatives to eat dollar dominance, he has won the “hard money” assets such as Bitcoin (BTC) and gold in the times of global uncertainty.
Less fighting, more coordination
The billionaire calls for more calm and coordinated action from the US to address trading imbalances and become more self -sufficient.
Dealing with the US government debt problem will lead to better results than the “path we seem,” Dalio said.
“Unfortunately, so far we have never seen better ways and instead see the disturbing fighting and volatility that teaches lessons that lead to irreversible bad consequences.”
Dalio advised investors and policy manufacturers to redirect their attention to daily market transfers and policy announcements to deal with the “big major changes” in the order of the world.
Related: Bitcoin's safe appeal is growing during the uncertainty in the trade war
China was struck by the tariffs of the Trump administration, with 145% duty in all imports, while US, Canada and Mexico's neighbors, were slapped with a 25% tariff on most goods.
Many major countries in Bitcoin mining manufacturing, such as Thailand, Indonesia and Malaysia, have also been at the same time as 36%, 32%and 24%rates, which have affected the US machine imports.
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