Ray Dalio warns China ‘not folding’ as economic competition with US intensifies
Ray Dalio, the author of the Billionaires Fence Foundation, the author of the new book “How are the countries broken” discusses President Trump’s trade policy and the cost of the US dollar.
Ray Dalio, manager of the billionaires fence fund, reveals his latest economic concerns. Especially when it comes to China and America’s deficiency in the new Fox News.
Speaking to Brian Kilmedea In “Fox & Friends” On Wednesday, Dalio warned China will not give up its competition soon.
“They also make technology and are being improved rapidly. So you can’t take China and think that they will not be the strength of a visible future. They don’t fold. ” Said Dalio.
“We both have our challenges, and there will be a big conflict. It’s the nature of the beast. “
Billionaires Fence Fund Manager warns tariffs can cause conditions “worse than fall”
Bridgewater Associates FOUNDER responded to the latest report from Washington’s post that Signaled that Beijing Released new cost instructions for Chinese government officials, urging them to pursue “gross life” with faithful economic hats.
BRIDGEWATER ASSOCIATES Founder and billionaire Ray Dalio sat down on Wednesday with the interview with the “Fox & Friends” interview with Brian Kilmede. (FOX News)
Recently, China and President Donald Trump reached new trade agreements, both countries lower tariffs by 115%. The reconstruction of the World Trade Relationship is something that “should have happened,” Dalio said.
“It must happen for several reasons. First of all, this is one of the reasons we also have a lot of debt, but it can partially contribute to tax revenues, “he explained.
Billionaire Mark Lasri responds to President Donald Trump, bringing business supervisors together to “Claman’s calculation”.
“This imbalance is not stable,” Dalio continued. “They are not stable not only due to the issue of debt and the problem of trade, to make it more competitive, but also a security situation. How can you be much more self-sufficiency?
Dalio also caused concerns about America’s growing deficiency, adding that he was “worried” USD status as the world’s backup currency.
Get Fox Business Go by clicking here
The founder of Bridgewater Associates Ray Dalio analyzes the situation of the US debt on Kavuto.
“When there is a lot of debt, it should be sold, and there is not enough buyer for that debt,” said billionaire. “And when it happens, bad things happen, such as interest rates are rising, and the economy goes down.”
Confirm that he invests in gold and crypto acts, Dalio received. “Money must be a means of exchange and a [storeholder] to wealth. And I think we have a debt problem … then you have to look at alternative money. “
English