Ray Dalio warns that the global fiduciary system is going through a critical phase: traditional currencies are losing stability due to debt, inflation, and geopolitical tensions. According to him, the U.S. is in a stage of excess within the historical cycle of empires, which weakens the dollar as a hegemonic currency.

This scenario generates:

Volatility in the markets and increased demand for safe-haven assets like gold.

Transition of economic power, with China and emerging markets gaining influence.

Risk of prolonged inflation and sovereign debt crisis.

Dalio recommends:

Investing in gold.

Diversifying internationally to reduce dependence on the dollar.

Preparing for a multipolar world with new currencies and economic blocs.

⚠️ Risks include loss of purchasing power, social tensions due to inequality, and geopolitical conflicts between the U.S. and China.

👉 In summary: the fiduciary order is weakening, markets are already feeling the tension, and investors need to rethink their strategies towards safe-haven assets and global diversification.