Ray Dalio, founder of Bridgewater Associates, warned Tuesday that the United States could “go broke” due to mounting government debt problems, as the nation grapples with unprecedented interest payments reaching $2 million per minute.

What Happened: In a post on X, Dalio announced an upcoming book examining how countries face financial collapse, titled “How Countries Go Broke: Principles for Navigating the Big Debt Cycle.” His warning comes as U.S. debt has surged past $36 trillion, with interest payments exceeding $892 billion in fiscal year 2024.

The International Monetary Fund projects U.S. annual interest payments will reach $1.7 trillion by 2034, with cumulative interest costs over the next decade approaching $12.9 trillion. The U.S. currently accounts for 34.6% of global debt, which stands at $102 trillion.

“Big debt crises are inevitable,” Dalio wrote, explaining that lending …

Full story available on Benzinga.com

Ray Dalio, founder of Bridgewater Associates, warned Tuesday that the United States could “go broke” due to mounting government debt problems, as the nation grapples with unprecedented interest payments reaching $2 million per minute.

What Happened: In a post on X, Dalio announced an upcoming book examining how countries face financial collapse, titled “How Countries Go Broke: Principles for Navigating the Big Debt Cycle.” His warning comes as U.S. debt has surged past $36 trillion, with interest payments exceeding $892 billion in fiscal year 2024.

The International Monetary Fund projects U.S. annual interest payments will reach $1.7 trillion by 2034, with cumulative interest costs over the next decade approaching $12.9 trillion. The U.S. currently accounts for 34.6% of global debt, which stands at $102 trillion.

“Big debt crises are inevitable,” Dalio wrote, explaining that lending …

Full story available on Benzinga.com

 Ray Dalio, founder of Bridgewater Associates, warned Tuesday that the United States could “go broke” due to mounting government debt problems, as the nation grapples with unprecedented interest payments reaching $2 million per minute.
What Happened: In a post on X, Dalio announced an upcoming book examining how countries face financial collapse, titled “How Countries Go Broke: Principles for Navigating the Big Debt Cycle.” His warning comes as U.S. debt has surged past $36 trillion, with interest payments exceeding $892 billion in fiscal year 2024.
The International Monetary Fund projects U.S. annual interest payments will reach $1.7 trillion by 2034, with cumulative interest costs over the next decade approaching $12.9 trillion. The U.S. currently accounts for 34.6% of global debt, which stands at $102 trillion.
“Big debt crises are inevitable,” Dalio wrote, explaining that lending …Full story available on Benzinga.com   Read MoreKaustubh Bagalkote, News, Ray Dalio, Economics, News, Economics, Benzinga News