“The world order is changing.” Billionaire Dalio predicted the decline of the dollar and the end of globalization
American billionaire predicts the decline of the dollar and globalization.
“The era of world order with the dominance of the dollar and globalization in the economy is passing away, now the main world powers are forming their economic, financial and military blocs,” said Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, in an interview with Nikkei Asia.
According to Dalio, the current world order is changing to a greater extent than in the period before and during the Second World War, and also than in the post-war period.
“We are seeing the rise of populism and nationalism in every country in preparation for more serious conflicts,” he said.
