Dalio issues warning: US debt frenzy is endangering monetary order.

Bridgewater Associates founder Ray Dalio said that the ongoing accumulation of U.S. government debt is threatening the monetary system. Dalio said on Friday in Singapore, "We are witnessing a threat to the monetary order. Other factors will determine whether this portends the end of the entire American empire." The Bridgewater co-founder pointed out that the U.S. currently has 30% overspending and needs to sell $12 trillion in debt. "Global markets lack equal demand for such debt, which will cause a supply-demand imbalance," he attributed this out-of-control credit problem to "human nature." Ng Kok Song, founding partner of Avanda Investment Management, said that the UK, France, and China also face similar issues. "The U.S. has reached a tipping point," he said. "We do not know when the crisis will erupt."