the ad of a millionaire U.S. investor in the Asian country
The two most powerful countries in the world, the United States and China, are on the brink of war. This is the dark diagnosis made by billionaire and analyst Ray Daliowho amassed a large part of his fortune investing in the Asian country.
Dalio, who runs China’s largest foreign hedge fund and has been going to China for nearly 40 years, claimed in a LinkedIn post that the two superpowers Are about to cross each other’s red lines. and that they cannot negotiate.
The millionaire said that despite the knowledge they need to avoid war, “there’s a growing belief that the inevitable trajectory is toward war“, he said in the publication.
The key points that could increase tensions are the disputes over Taiwan, the clashes between U.S. and Chinese ships and aircraftthe war in Ukraine and threats of economic sanctions, he wrote.
Dalio also warned about the upcoming 2024 presidential election in the United States. “Hard-line political influences in the U.S. will put more pressure on the relationship over the next 18 months because of the emergence of the 2024 election season.“, he said.
“That will be a period very risky because China and the U.S. are already on the brink of war.“. Despite his fears, he had a message of hope. “I want to emphasize that by saying they are on the brink, I don’t mean they will necessarily go over the edge,” he added.
“Let all parties make it clear that peace is better than war. Let them work to agree on ways to reduce the likelihood of having the worst kinds of wars. is a top priorityand gradually building agreements to reduce progressively less bad types of conflict would be the best way forward,” he concluded.
