Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to a brutal World War III.”
Ray Dalio Warns of ‘a Brutal World War III’
Bridgewater Associates founder Ray Dalio shared his thoughts on the conflict in the Middle East and the potential for World War III in an opinion piece published on Linkedin on Oct. 12. Noting that while “Israel, Hamas, Ukraine, and Russia are in hot wars,” Dalio stressed that currently: “The major powers (the US and China) are not, though they remain at the brink of one.” He added:
It appears that we are at a very critical juncture in which we will soon see if the Israel-Hamas war spreads and how far it spreads.
Moreover, he said it remains to be seen “whether the great powers are forces for peace (and will back away from the brink of direct conflict)
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