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Is the era of the gold dollar coming to an end?
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Is the era of the gold dollar coming to an end?

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American financial expert and investor Ray Dalio believes that the era of the dollar-dominated world order and the globalization of the economy is coming to an end.

In an interview with the Japanese newspaper Nikkei, Dalio, founder of US investment firm Bridgewater Associates, expressed his confidence that the world’s major powers and their allies now form economic, financial and military blocs.

The expert pointed out that the United States, Europe and Japan have accumulated very large debts, and these countries are heavily dependent on central banks that print money to buy government debt.

The expert advised investors to pay attention to countries that are less prone to international conflicts, have stable financial systems, do not have major internal conflicts and are ready for innovation, namely the countries of Southeast Asia, such as Indonesia, Vietnam, and also India.

The expert believes that the globalization of the economy is coming to an end, and, according to Dalio, the current situation in the world reminds us of the situation that was before the start of World War II.

“We see populism and nationalism emerging first in every country in preparation for bigger conflicts,” the veteran investor said, noting the risks of a major conflict between China and the US over Taiwan given the upcoming US presidential election. states.

Source: Prime

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