Ray Dalio: Our System Is in Jeopardy - Debt, AI & the Cycle That Destroyed Rome

Ray Dalio joins the podcast to discuss the current state of the global financial system, highlighting the intertwined forces of debt, domestic gaps, international conflicts, technology, and acts of nature. Dalio warns that the U.S. is in an unhealthy financial condition with a large deficit and growing debt, exacerbated by geopolitical risks and the potential for conflict between debtors and creditors. He suggests that central banks are acquiring gold as an alternative money due to concerns about the safety of debt instruments. Dalio advises allocating 5-15% of portfolios to gold as a diversifier. He also touches on the AI bubble, the differences between the US and China, and the need for financial prudence balanced with innovation.