Bridgewater Fund founder Ray Dalio: The United States may experience a debt crisis within three years BlockBeats News: On October 6th, Ray Dalio, founder of Bridgewater Fund, warned in an interview with Bloomberg that the United States may face a debt crisis in the next three years as debt interest payments continue to squeeze other federal government budgets. Dalio pointed out that the US government has an annual revenue of about $5.5 trillion, expenditures of about $7.5 trillion, and a fiscal deficit of nearly $2 trillion. At present, the annual interest expenses of the US federal government are about $1 trillion. If the maturing debts that require refinancing are included, the total annual debt repayment and refinancing needs are about $11 trillion. At the same time, the yield of US treasury bond bonds continued to rise. The yield of 10-year US treasury bonds closed at 5.31% on October 5, and the 30-year yield reached 5.66%, further increasing the pressure on government financing. Dalio suggests reducing the fiscal deficit from about 6% of GDP to 3% by cutting spending, increasing tax revenue, and lowering interest rates. In terms of asset allocation, he previously suggested allocating 10% to 15% of the investment portfolio to gold, with Bitcoin accounting for only a small proportion. [Original link]