Bridgewater Associates founder and legendary investor Ray Dalio sounded the alarm on the perilous state of American politics, admitting he’s dreading a rerun of the fractious 2020 Trump-Biden election which scarred the country.
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00:00 I think we can all see that we have irreconcilable differences by sides that will, that's what
00:07 I mean by populism, irreconcilable difference by sides that will not accept losing.
00:13 And so you're seeing an emergence, even an emergence of should the Supreme Court matter
00:20 and do you put people in jail and all of this kind of extremism.
00:24 So one side can't beat the other and no good government, no good society exists with this
00:31 kind of fighting and this is not good governance.
00:34 This has big implications.
00:36 It has big economic and tax implications and money implications.
00:40 Who do you get the money for?
00:42 So this is something that people will fight over in their various ways if it's not resolved.
00:48 What we need is a very strong middle.
00:52 Do you see any chance of that?
00:55 Well here's the, there are two scenarios that I have.
01:02 I pray that we do not have another Trump-Biden election, okay, because that'll produce a
01:09 lot of problems.