危机迫在眉睫！美国，突遭重大警告

Core Viewpoint - Ray Dalio, founder of Bridgewater Associates, warns that the rapid growth of U.S. government debt is creating an environment similar to the pre-World War II era, posing a serious challenge to the existing order [1][2]. Group 1: Debt Growth and Economic Impact - Dalio emphasizes that the increasing debt-to-income ratio is squeezing available spending space, threatening the vitality of the U.S. economy [2]. - 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 [2][10]. - The ongoing accumulation of debt is intertwined with rising social divisions and geopolitical risks, creating a worrying environment [2][10]. Group 2: Political and Fiscal Challenges - Dalio attributes the debt crisis to the polarization of U.S. politics, advocating for a combination of increased tax revenue and spending cuts to address the debt bomb [2]. - The Congressional Budget Office (CBO) reports a federal deficit of $1.8 trillion for the fiscal year 2025, highlighting the challenges posed by rising healthcare, social program, and defense costs [10][11]. - The Committee for a Responsible Federal Budget (CRFB) criticizes the current government shutdown as wasteful and calls for sustainable fiscal policies [10][11]. Group 3: Investment Recommendations - Despite gold prices reaching historical highs, Dalio suggests that investors should allocate up to 15% of their assets to gold [7]. - Similar views are echoed by Jeffrey Gundlach, CEO of DoubleLine Capital, who recommends increasing gold allocation to 25% due to inflation pressures and a weakening dollar [8].