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Dalio Warns of US Debt Risk and Advises Gold Bitcoin
A report states that the U.S. Treasury Department is facing challenges in repurchasing bonds due to rising fiscal deficits, with the U.S. budget deficit surpassing $432 billion in July. It is estimated that the country's debts will become unsustainable if spending continues at its current level. Investor Ray Dalio warned of an approaching U.S. debt crisis that could occur within one to five years if measures are not taken to reduce the deficit. He emphasized that solutions include cutting spending, increasing taxes, and lowering interest rates, along with a recommendation to hedge risks by holding gold and Bitcoin.
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