Bridgewater Associates founder Ray Dalio has been warning of an impending collapse of the world order for a while. In his latest X post, the billionaire investor cautioned that we are already in the early stages of a world war, which isn't going to end anytime soon.
What happens with the Strait of Hormuz will have major repercussions worldwide, according to the hedge fund founders. Factors like Iran's capacity or decision to continue inflicting damage to its neighbours, the looming threat of nuclear weapons, and the US ordering boots on the ground, as well as the upcoming US midterm elections, are near-term issues that people are focusing on.
