Billionaire Ray Dalio is warning the average American that the ruling class has put them in a “risky” financial situation. The debt crisis is getting worse by the second and a total collapse of the financial system is looming.
“We’re going to have a debt crisis in this country,” Dalio told CNBC according to a report by RT in an interview that aired Thursday. “How fast it transpires, I think, is going to be a function of that supply-demand issue, so I’m watching that very closely.”
The ruling class just cannot stop creating fiat currency out of thin air and using it to destroy the slave class in more ways than one. Dalio’s warning comes as the ruling class’s national debt topped $33 trillion this month. U.S. lawmakers (other members of the ruling class) are currently negotiating a spending bill before the October 1st deadline.
According to the U.S. Treasury Department (the biggest gang of thieves on earth), the ruling class’s debt levels have skyrocketed in recent years, particularly after a roughly 50% jump in federal spending between fiscal 2019 and fiscal 2021. Investors have been raising concerns that interest rates may continue rising as the situation worsens.
Dalio has cautioned there could be more headwinds hitting the economy than just high debt levels, with the risk that growth may fall to zero. “I think you’re going to get a meaningful slowing of the economy,” the billionaire warned.
In August, rating agency Fitch slashed the USA’s credit rating, citing fiscal deterioration over the next three years and repeated debt-ceiling talks. Earlier this week, rating agency Moody’s warned that a possible government shutdown on October 1 would put pressure on the country’s credit rating.
Prepare for an economic disaster. The U.S. empire is failing quickly and its going to take a lot of people by surprise. At some point, the entire fiat currency scheme will crash under its own weight. Be ready. Have physical assets on hand.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
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