Billionaire investor Ray Dalio, who famously predicted the 2008 financial crisis, has warned that the United States is heading toward a form of “civil war” — not through armed conflict, but via deepening internal divisions driven by surging debt, inequality, and political breakdown.
Ray Dalio, founder of Bridgewater Associates, believes rising political and economic instability could spark what he calls a modern civil war in the US, defined by a collapse in national consensus.
“We have a civil war of some sort which is developing in the United States and elsewhere where there are irreconcilable differences,” Dalio said in a Bloomberg interview on October 10.
He pointed to soaring government debt and widening wealth inequality as flashpoints. Dalio compared current conditions to the late 1930s — a time marked by domestic economic strain and global unrest.
Public debt stood at 99% of US GDP in 2024, according to the…
