Ray Dalio says the U.S. is a ‘tinderbox’ after the Minneapolis shooting and Trump risks a ‘more clear civil war’

Bridgewater Associates founder Ray Dalio has a new warning for the U.S.: We’re on a collision course toward repeating history.

The billionaire investor said that current national crises—from federal agents killing people in Minneapolis to the skyrocketing national debt—signal a transition to a more violent phase of the American “Big Cycle.”

“The United States is now a tinderbox,” he warned in a lengthy essay on X on Monday, titled “Money, Civil & International War, Minneapolis...