Dalio: Debt Crisis Looming, Recommends Selling Bonds, Buying Gold and Bitcoin

QWhat does Ray Dalio, the founder of Bridgewater Associates, advise investors to do regarding their portfolio according to the article?

ARay Dalio advises investors to reduce their bond holdings and allocate up to 15% of their portfolio to gold to hedge against the risk of a U.S. debt crisis.

QWhat is the estimated size of the US government's budget deficit for the current year as mentioned by Dalio?

ARay Dalio estimates that the US government will have a budget deficit of approximately $2 trillion this year, with $5.5 trillion in revenue and $7.5 trillion in spending.

QAccording to the article, when does Ray Dalio warn that a US debt crisis could potentially occur?

ARay Dalio warns that a US debt crisis could occur in about 'three years, give or take two years'.

QWhat three measures does Ray Dalio advocate for to reduce the budget deficit?

ARay Dalio advocates for a combination of cutting spending, increasing tax revenue, and lowering interest rates to reduce the budget deficit.

QWhich specific asset classes does Dalio suggest will perform well relative to others in the context he describes?

ARay Dalio suggests that 'non-government issued money' such as gold and Bitcoin will perform relatively well in the context of a potential US debt crisis.