Ray Dalio Says the Global Monetary Order Is Cracking
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Billionaire hedge fund manager Ray Dalio delivered a stark warning at the World Economic Forum in Davos, saying the global monetary order is “breaking down.” Speaking with CNBC, Dalio pointed to growing uncertainty around fiat currencies and debt as stores of value, driven by shifting central bank behavior and rising geopolitical tension.
Dalio noted that confidence is eroding on both sides of the system — among those who hold fiat and those who depend on it. As evidence, he highlighted gold’s outsized performance last year, which outpaced tech markets, signaling a broader move toward assets perceived as more resilient when trust in traditional monetary systems weakens.