Billionaire investor Ray Dalio believes the U.S. Treasury’s debt buyback announcement by Secretary Scott Bessent fits into a pattern signaling an approaching crisis. The U.S. spends approximately 40% more than it brings in, with a budget deficit exceeding $432 billion in July. Debt service payments amount to roughly $11 trillion, representing 200% of annual revenue. Dalio recommends investors hold gold, representing 10 to 15% of a portfolio, along with « a bit » of bitcoin, projecting a debt crisis could occur within one to five years.
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