Ray Dalio is afraid of something worse than ‘decay.’ When the fears are something

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In the last interview Reach the pressFinancier Ray Dalio, warning of “something worse than the recession” Existing financial, economic and trade problems “do not work well.” Then, in the interview, he warned that if the existing problems worsen, we can live in the world rule where there is a big conflict. I agree to the number of both – this is a warning that it may be a frantic. Others left similar warnings.

For me, Dalio’s comments scared concerns about how the world will manage the future financial crisis. In the 1980s, Henry Kissinger was a long time as Henry Kissinger’s 1980s and 1990s (international) Deputy Chairman Henry Kissinger, in the early parts of this century, in the early parts of the century, I was in the Early US Geo-Economic Relations and Negotiations to resolve them. The key to success in such efforts was not only the financial skills of large players, but also a desire to deal with reliable cooperation.

This ingredient is not available today. I have not seen the world very laughing so much economic and political issues. And inhabited by disbelief, in case of a new financial crisis, any future negotiations may be a DAHILAES DABANIA, if we do not know how to prevent it before the crisis.

The high level and those around the world should manage a new crisis, so many countries, growth debt, tariff wars and currency volatility and conflict and confrontation and confrontation and confrontation and confrontation and confrontation and confrontation and confrontation and conflict and confrontation and confrontation and confrontation and conflict and confrontation and conflict and confrontation and confrontation and confrontation and conflict and conflict and conflict and conflict and conflict and conflict and conflict and conflict and conflict and conflict and conflict and conflict and conflict and confrontation.

This will be a great problem, and the failure will affect all Americans and every person on this planet.

During the last crisis, it was an effective and reliable cooperation between the United States and China. However, with the amplifier trade war and two different conflicts between different conflicts, it is likely to be more problematic – if possible.

And tariff frictions between the major allies between the world’s largest market economy – in some cases and in some cases, in some cases, destroyed such critical trust in solving problems. Strong trade disputes will cooperate between them to make it difficult with a new financial crisis.

On top of that, a research is being conducted in Washington whether there is a US Withdraw from the International Monetary Fund (IMF)Critical global body on such issues. Higher levels of US leadership are the president Jerome Powell should shootChairman of the Federal Reserve. Powell enjoys very high reliability among the markets and politicians around the world and would be an important player to find solutions to any new crisis. Both factors already add to the risk of deepening highly uncertainty and instability.

Taking into account the central bankers and uncertainty, central bankers and finance ministries of countries related to crisis in the past They meet now For those known in Washington, the IMF spring meetings – to prevent or cope with or cope with the increasingly dangerous danger of a large financial crisis.

In the past, there was a major nation that generally leads the process or serving as the convenience of the main players. Was mainly in cooperation with the United States IMF. If you don’t want to do this time this time, if you don’t trust others, who will be to do it?

For example, President Valerie Giscard d’Estiang has always been in France, for example, in the 1970s, and the current President Emmanuel Macron is a huge financial origin, as the new Canadian Prime Minister Mark Carney. Or can we rightly ask if any country will be in a situation or will it be given extensive international support to play this role? If not, the global economy is convicted of great violation. (China, a giant and experienced player in the global finance, can now look as an opportunity to play the role of leadership, but it is difficult to see us or other market economies, it agrees.)

In addition to uncertainty, economic nationalism, deepening tariff wars, mass debts, and market-weakening currency, the list of high-intervention and the world and the world and the world and the world and the world must also have political and financial leaders. Statehood, will and trust can be done as in the past. However, without many advanced planning and reliable cooperation, a great global financial disaster can be on the horizon.

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This story was first displayed Fortune.com

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