Ray Dalio reveals a major crisis looming for nations

Ray Dalio, founder of Bridgewater Associates, expresses concern about an impending global debt crisis affecting most major countries except Germany. He believes that the current level of debt is unsustainable and will lead to a significant devaluation of national currencies in the coming years. Dalio recommends pivoting towards 'hard' assets like gold and Bitcoin to cope with this crisis, emphasizing the importance of diversifying investment portfolios and preparing for worst-case scenarios. He also warns of potential risks from a US-China conflict, which could exacerbate the global economic situation.