Schiff isn’t the only one sounding the alarm. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has warned of a potential “debt death spiral” — where the government must borrow simply to cover interest — and what he calls “a breaking down of the monetary order.”“Our foreign creditors know this. That's why they are divesting themselves of U.S. dollars and treasuries. Foreign central banks have been net sellers of treasuries. They are buying gold. They are replacing their dollars w ...