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September 23, 2012 1:37 pm

Ray Dalio, Founder of World’s Largest Hedge Fund: Weak Economy Makes Second Adolf Hitler More Likely (VIDEO)

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Bridgewater founder Ray Dalio on CNBC. Photo: Sreenshot.

In an interview with CNBC, the founder and manager of the world’s largest hedge fund, Bridgewater, said that he fears that a weak global economy could lead to “social disruption,” citing an example he said, “Hitler came to power in 1933, which was the depth of the Great Depression because of the social tension between the factions.”

“I don’t know whether we are beyond the point of being successively able to manage this, and I worry then about social disruption,” said Ray Dalio, who is thought to be one of the world’s wealthiest fund managers, worth an estimated $10b according to Forbes.

“When people get at each other’s throat, the rich and the poor and the left and the right and so on, and you have a basic breakdown, that becomes very threatening,” Dalio said in the interview with Andrew Ross Sorkin.

The billionaire expressed hope however, saying, “so I think it very much is dependent on how the people work this through together, and worry about the social elements.”

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In 2012 Dalio was listed on the Time 100 list of the world’s most influential people, published by TIME magazine.

A video of the CNBC interview with Ray Dalio can be viewed below.

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  • charlie johnson

    It is a strange world we have here. People who run low on money get into big trouble, We are told that religion causes all wars.Money seems to be a greater source of conflict.Karl Marx started on a money issue as did Hitler.Not enough money and not enough real estate laid waste to a lot of good men and scenic places.

  • Ivan

    How can send personal Email to Me. Ray Dalio

    Kind regards

    Ivan

    • Richard D. Rosenblatt

      Democracy requires popular support for all changes.

      You can’t reverse the watering down of money.

      But you can create jobs.

      Governments must sponsor tremendous national projects which will employ all of the available labor.

      Prosperity will be the result.

      • charlie johnson

        I did notice that the wealthy refuse to enter the fights. They are quite peaceful. Just like Vietnam. The poor fought the poor.For the same money we could have given all the communist soldiers an early retirement check and sell them Cushman scooters.

    • charlie johnson

      I don’t know of a trouble free way Ivan.If you posted your e mail address out in the open you might make yourself a target to someone. The people who run this site might could help you .But I don’t know.Good luck anyway.

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