突发！美国，重大警告！

Core Viewpoint - The rapid growth of U.S. government debt is creating a situation reminiscent of the pre-World War II era, posing a serious challenge to the existing order, as warned by Ray Dalio, founder of Bridgewater Associates [2][3]. Debt Growth and Economic Impact - As of October 2025, U.S. national debt is projected to exceed $37.86 trillion, with public debt expected to reach 99% of GDP in 2024 and 116% by 2034, the highest in U.S. history [3][11]. - Dalio emphasizes that rising debt relative to income is squeezing available spending space, threatening the vitality of the U.S. economy [3]. Political and Social Context - The issue of debt is intertwined with increasing social division and geopolitical risks, creating an environment of significant concern [3][4]. - Dalio attributes the debt crisis to political polarization and suggests that a combination of increased tax revenue and spending cuts is necessary to address the debt bomb [3]. Predictions and Warnings - Dalio predicts a "debt-induced heart attack" could occur within two to three years under the current administration, which would weaken the international standing of the U.S. dollar and have ripple effects on global markets [10][11]. - The Committee for a Responsible Federal Budget (CRFB) criticizes the current state of government spending and warns of unsustainable borrowing practices, with projected annual borrowing nearing $2 trillion over the next decade [11][12]. Investment Recommendations - Despite the rising gold prices, Dalio advises investors to allocate up to 15% of their assets in gold, while others, like Jeffrey Gundlach, suggest increasing this allocation to 25% due to inflationary pressures and a weakening dollar [7][8].