Ray Dalio China warns “Interad” with intensifying economic competition with us

Ray Dalio, billionaire hedge fund manager, reveals his recent economic fears – especially when it comes to China and America’s inability – in a new interview for Fox News.

Speaking with Brian Kilides On “Fox & Friends” Wednesday, Dalio warned that China would not give up its competitor any time soon.

“They also make technology and improve at a fast rate. So you cannot take China and believe that it will not be the power of the expected future. It is not foldable, well?” Dalio said.

“We have all of our challenges and there will be a great conflict. This is the nature of the monster.”

The billionaire hedge fund manager warns that the customs tariff may lead to the emergence of “worse stagnation” conditions

The reaction of the founder of Bridgewateer Assocates to a recent report by Washington Post, which is what He indicated that Beijing She issued new spending guidelines for Chinese government officials, and urged them to follow up on a “economy life” with the economic opposite winds waving on the horizon.

China and President Donald Trump recently reached new trade agreements, as the two countries reduced the customs tariffs on each other by 115 %. Trump’s restructuring of global trade relations is something that “must happen”, according to Dalio.

“This should happen for several reasons. First of all, it is one of the reasons that make us enter into a lot of debt, but partly it may also contribute to tax revenues,” he explained.

“These imbalances are not sustainable,” Dalio continued. “They are not only aspiring because of the debt issue and the issue of trade to make it more competitive, but also you have a state of security. How can you rely on imports from China? We have come to a world now that there must be more self -sufficiency.”

Dalio also raised concerns about America’s increasing deficit, adding that he was “concern” The situation of the US dollar As a backup currency in the world.

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“When there is a lot of debt, it must be sold, and there is not enough buyers for this debt,” billionaire warned. “And when this happens, bad things occur, such as high interest rates and economics.”

This confirms that he was investing in gold and cryptocurrencies, and Dalio admitted: “Money should be a way to exchange and (the store owner) for wealth. I think because we have a debt problem … then you have to look at alternative money.”

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