August 11, 2022

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Ray Dalio assaults US populists and warns Russia as ‘lesser loser’ in Ukraine warfare

Ray Dalio has taken a stand towards US political extremes that don’t respect a rules-based system, warning that Russia is more likely to be the “smaller loser” of the Ukraine warfare because the financial value to the West causes NATO assist to fracture.

The founding father of Bridgewater Associates, the world’s largest hedge fund with roughly $150 billion in belongings below administration, went to linkedin on US Independence Day to supply an replace on the forces he believes are shaping the world.

And he’s not pleased with the way in which issues are going within the US

“The outstanding leaders who designed the system of governance [after the 1776 declaration of independence] and placing it within the Structure has created each a precept and a sensible method that has endured for nearly 250 years,” wrote Dalio.

However now a number of the important parts wanted for consultant democracies to perform effectively are being referred to as into query, he famous, resembling respect for electoral votes and Supreme Court docket rulings.

“Because the battle between populists on the correct and populists on the left will increase, an increasing number of individuals are inclined to struggle for what they need and what they suppose is correct, reasonably than working their method by means of the rules-based system of consensus and compromise that’s ours Founding represents fathers designed.”

In the meantime, the world order just isn’t altering for the higher, Dalio implied, if the battle in Ukraine is any information.

If Russian President Vladimir Putin finally ends up controlling the jap a part of Ukraine and manages to remain on the world stage, then Russia can be a “lesser loser,” mentioned Dalio.

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Learn: Russia’s Putin declares victory in jap Ukraine’s Luhansk area

“As a result of the devastation in Ukraine was a lot larger than in Russia, and since this will likely be economically pricey for Ukraine and/or the nations that can pay to rebuild, it appears just like the warfare will likely be much more pricey to NATO nations, so this may even be a relative win for Russia,” he added.

Summing up, he mentioned: “It seems that few nations are strongly against Russia and behind NATO, and it seems that assist inside NATO for a warfare is waning due to its comparatively excessive value.”

The Dalio hedge fund elevated its brief bets towards European shares to just about $9 billion in June. Ray Dalio assaults US populists and warns Russia as ‘lesser loser’ in Ukraine warfare