newsmax.com 
<https://www.newsmax.com/us/ray-dalio-50-50-world-war/2023/10/13/id/1138181/>  

Billionaire Ray Dalio: 50-50 Chance of World War

By Charlie McCarthy    |

~4 minutes

  _____  

Billionaire investor Ray Dalio said there's a 50-50 chance a world war will 
break out in light of the Israel-Hamas conflict.

"In my opinion, this war has a high risk of leading to several other conflicts 
of different types in a number of places, and it is likely to have harmful 
effects that will extend beyond those in Israel and Gaza," Dalio wrote in an 
essay titled "Another Step Toward International War 
<https://www.linkedin.com/pulse/another-step-toward-international-war-ray-dalio/>
 ," which he posted Thursday on LinkedIn.

"Primarily for those reasons, it appears to me that the odds of transitioning 
from the contained conflicts to a more uncontained hot world war that includes 
the major powers have risen from 35% to about 50% over the last two years."

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Dalio, founder of the world's largest hedge fund, Bridgewater Associates, 
cautioned that the U.S. and China are "at the brink" of a so-called hot war.

"Fortunately, the progression toward a world war between the biggest powers 
(the US and China) has not yet crossed the irreversible line from being 
containable (which it is now) to becoming a brutal war between the biggest 
powers and their allies," he wrote.

"If these major powers do have direct fighting with each other, in which one 
side kills a significant number of people on the other side, we will see the 
transition from contained pre-hot-war conflicts to a brutal World War III."

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Dalio, considered an expert in global power shifts, said the Israel-Hamas and 
Russia-Ukraine wars likely will be "brutal until the end," when one side 
emerges as the clear victory. He added that such conflicts are "more likely to 
spread than subside."

"If they spread to other countries, most importantly the major countries, there 
will be a much more horrific hot world war," Dalio said. "It seems to me that 
the Israel-Hamas war is another classic, unfortunate step toward a more violent 
and encompassing international war."

Dalio posted his article as Israel's military prepared to initiate a ground 
assault into Gaza.

Israel has vowed to eliminate Hamas, which attacked Israel during the weekend. 
More than 1,300 people in Israel, including 247 soldiers, have been killed. The 
ensuing Israeli bombardment has killed more than 1,530 people in Gaza, 
according to the Palestinian Health Ministry.

"Hopefully the horrific and tragic images we are all seeing will encourage 
restraint," Dalio said. "However, it is very likely the case that the images of 
civilian casualties we are seeing now and will see during an escalating war in 
Gaza will lead to new conflicts both between countries and within countries 
(e.g., repulsive violence against Jewish and Muslim populations in many 
countries)."

The Associated Press contributed to this story.

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Charlie McCarthy  <mailto:[email protected]> ✉

Charlie McCarthy, a writer/editor at Newsmax, has nearly 40 years of experience 
covering news, sports, and politics.

© 2023 Newsmax. All rights reserved. 




https://www.newsmax.com/us/ray-dalio-50-50-world-war/2023/10/13/id/1138181/

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