Investing legend Ray Dalio has warned that America’s massive debt may be out of control.
In an interview with CNBC, the billionaire said the country was not generating enough revenue to meet its financial obligations.
Dalio explained that the United States needs to sell more bonds to foreign countries to add more debt. However, he warned that political infighting and other social issues could prevent other countries from buying U.S. Treasuries, causing supply and demand problems.
As of this writing, the national debt is $33.746 trillion.
I
The post Billionaire Ray Dalio warns the US is at an inflection point, where massive debt could accelerate – here’s why appeared first on Daily Hodl.
Information source: compiled from DAILYHODL by 0x information.Copyright belongs to the author Henry Kanapi and may not be reproduced without permission.