Billionaire hedge fund manager Ray Dalio warned that the global financial system is reaching a critical turning point. Speaking to CNBC’s Andrew Ross Sorkin at the World Economic Forum (WEF) in Davos, Switzerland, Dalio said that central banks begin to “shy away” from fiat currencies and sovereign debt. He said the “monetary order is breaking down,” driven by eroding trust and shifting behavior among policymakers. His comments came at a time when U.S. President Donald Trump threatened new tariffs on Eu ...