X @Wu Blockchain

Ray Dalio's article states that the US is in the late stage of the big cycle, facing simultaneous pressures on fiscal debt, politics, society, and international order. Unsustainable debt may lead to money printing or inflation, weakening currency credit. Severe political polarization, collapsing rule consensus, and intensifying wealth gaps/conflicts. Later stages may involve capital controls, reserve freezes, and cross-border restrictions, turning funds into political tools. Traditional bonds lose appeal; g ...