Ray Dalio on the $38 trillion national debt: 'My grandchildren and great grandchildren not yet born are going to be paying off this debt'.

The article focuses on Ray Dalio's warnings about the United States' rising national debt and potential dollar devaluation, as discussed in an interview. Dalio, the founder of Bridgewater Associates, highlights that the U.S. debt has reached $38 trillion and suggests that future generations will bear the burden through devalued currency. He argues that governments typically address excessive debt by devaluing currency and printing money rather than through spending cuts. Dalio recommends that investors consider holding 10% to 15% of their portfolios in gold and emphasizes the importance of diversification to mitigate risks in a challenging economic environment. He expresses cautious optimism about the nation's resilience despite the financial challenges ahead. [Extracted from the article]