@RayDalio: Civil War?

Ray Dalio argues that the US is in Stage 5 of his "Big Cycle of Internal Order and Disorder," a pre-civil war stage marked by bad financial conditions and intense conflict between haves and have-nots. He states that the most reliable leading indicator of civil war or revolution is bankrupt government finances combined with large wealth gaps. He points to the Federal Reserve printing money and buying federal debt, and to states such as Connecticut, Illinois, and New York having high per capita income alongside large wealth gaps and debts. The article is adapted from his 2021 book, Principles for Dealing with The Changing World Order.