The world’s largest hedge fund manager is ‘delighted’ by Biden’s inaugural speech but still believes America is on the brink of a ‘terrible civil war’

Back in early December, Ray Dalio, the billionaire founder of Bridgewater Associates, unveiled the warning of a class and power struggle tearing the country apart, saying the U.S. was “at a tense level in which it could go from manageable internal pressures leading to revolution and / or civil war. ”

A few weeks and a new president later, and Dalio doesn’t seem to be getting anything more optimistic about the country’s future prospects.

“I believe we are on the verge of a terrible civil war,” Dalio wrote. “We are at a stage of inclusion between entering a kind of hell of a fight or withdrawing to work together for peace and wealth that deals with wealth the values, and the gaps in opportunity that we are seeing now. ”

However, he said he was “delighted” by what President Joe Biden had to say for the first time last week. “It is consistent with the history of leadership that has shown that the country needs to move in,” Dalio said on Twitter TWTR,
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on Sunday.

But will Biden and both parties do their part to make the separation easier?

“Words and spirit are not good enough,” Dalio said. “People need to agree on both how to grow the pie and how to share it well. That needs to change dramatically. “

Here it is his entire tweetstorm:

Dalio, with a net worth of $ 18 billion, is the 46th richest man in the world, according to Forbes.

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