Billionaire Hedge Fund Manager Says There’s a 50% Chance World War III Breaks Out

Billionaire hedge fund manager Ray Dalio said Thursday that there’s a 50% change of a world war happening imminently.

Dalio argued the outbreak of “hot wars” between Russia and Ukraine, Hamas and Israel “should raise revulsion and fear in everyone,” which is understandable. But it is the threat of a similar escalation between the U.S. and China that seems to be looming, which would throw the entire world into a state of hot warfare.

In particular, the war within Gaza and the growing number of casualties will likely trigger “new conflicts both between countries and within countries,” he continued. And as more nations and groups pick sides, the current non-violent status quo between the U.S. and China may turn into all-out World War III.

Dalio: “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”https://t.co/DnV91nntQR

— David Sacks (@DavidSacks) October 12, 2023

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