Ray Dalio

We are on the brink.

Now, the brink might be, I would say,

particularly risky period, is between the next two elections.

So after the 26th midterm election and the 28th presidential election is a riskier period, and this is a very risky period.

So what I would say, if I take the monetary order risk perspective,

We have debt service problems.

They have big changes, and, you know, we'll get into this.

Who is earning a lot of money?

Who is not earning money?

How wealth has changed.

For example, it's very interesting and very important.

to observe that the Chinese are making a tremendous amount of money and accumulating.

They're running very large surpluses with the rest of the world and accumulating a lot of dollars.

And what does that mean in terms of how those are handled?

And then what does that mean for our balances and so on?

But if I'm back to your, to try to be on point, I would say in the midterm elections,

We're going to there's a likelihood that the Republicans will lose the House and that there will be a great conflicts, including, you know, impeachments, investigations and so on, that the conflict is going to be material.

I think that the monetary situation will be more threatening.

In other words, there's itself the supply-demand that we're referring to.

You know, the United States, basically the U.S.