🔥 Dalio: The US on the brink of "Stage 6"

Ray Dalio writes that the US is approaching a turning point in the "Great Cycle"—a period lasting about 80 years when the monetary order, internal politics, and global balance are broken. According to his logic, the country is close to transitioning from Stage 5 (severe stress and conflict) to Stage 6 (rule-breaking and violence).

💬 "Toxic mix" for him is simple: poor government finances (deficit, debt), large income and value gaps, plus a strong economic shock. If authorities lose their "purchasing power" and trust, a fight for money and control begins—and compromises disappear.

Dalio cites the death of a second protester in Minneapolis as a reason: when casualties appear in clashes, it’s a marker that society is dangerously approaching the next phase. Next comes an increase in populism, demonization of "others," propaganda instead of facts, and the use of law as a weapon.

🙄 Main conclusion: not about who is right, but whether the system can "bend but not break." And this is already affecting markets, capital migration, and people's behavior.