New Delhi, April 19: American billionaire investor Ray Dalio has issued a stark warning about escalating tensions in the Middle East among the U.S., Israel, and Iran. He suggests that this situation is part of a broader, interconnected pattern that could lead to a global conflict reminiscent of the early stages of a world war.
In a post on the social media platform X, Dalio noted that conflicts are rapidly intensifying on multiple fronts. He described this as the final phase of a historical pattern leading towards a world war. Dalio referred to this 13-stage historical pattern as the “Big Cycle,” indicating that the world is currently in the ninth phase, with only three phases remaining before a potential global conflict.
He predicted that the next phase would occur within nations, where leaders will demand strong support and suppress opposition to war and other policies. Following this, direct military confrontations among major powers are expected, leading to significant increases in taxes for war funding, issuance of debt, currency creation, foreign exchange controls, and capital controls.
Current conflicts, such as those involving Russia, Ukraine, Europe, the U.S., Israel, Gaza, Lebanon, Syria, and Yemen, Sudan, Saudi Arabia, and the UAE, mirror those from previous world wars. These situations involve major powers, alliances, and trade disputes.
Dalio stated, “These conflicts together take the shape of a world war, similar to past ‘world wars’.” He expressed uncertainty about the future but hopes for a peaceful world based on mutually beneficial relationships.
He cautioned that the U.S., with over 700 military bases in more than 70 countries, is the “most extended major power” but also the “most vulnerable” in enduring prolonged conflicts. He suggested that issues in Asia could arise that would test America’s readiness to face challenges.
However, he predicted that the U.S. would struggle to confront these challenges due to its extensive involvement in the Middle East and a lack of public support for war against Iran ahead of midterm elections. This situation may prompt governments in countries hosting U.S. military bases to reassess their expectations of American support.
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