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Unpacking Ray Dalio’s Alarmist Prediction of Civil War
American Greatness ^ | 18 May, 2024 | Stephen Soukup

Posted on 05/18/2024 6:48:58 AM PDT by MtnClimber

Every time the Ray Dalios of the world open their mouths on the risks that the great unwashed masses pose to “Our Democracy™,” they make the idea of a political separation sound far more agreeable.

The other day, Ray Dalio, the billionaire investor and founder of Bridgewater Associates, told The Financial Times that he sees the risk of a second American civil war as “growing” and places the odds of such a war at “35-40 percent.” According to FT, Dalio’s “research” has led him to conclude that “we are now on the brink,” although we “don’t yet know if we will cross over into much more turbulent times.”

On the one hand, it’s important to remember that Dalio is nearly universally known as a world-class crank. He’s made a lot of money in the markets and has long been considered an astute investor, but he has also long been considered an odd duck, to put it gently. Additionally, the idea that this proclamation and setting of odds are based on “research” is silly. There are no variables one can examine and analyze and then use to calculate an objective estimate of a civil war’s occurrence. To pretend otherwise is… well… perfectly Dalio-esque.

On the other hand, Dalio is hardly alone in his belief that tough times are imminent. Virtually the entirety of the ruling class seems to believe that the zeitgeist of the moment is characterized by anger, hatred, and the expectation of confrontation between political adversaries. Hollywood is busy making movies about a potential Civil War. Political magazines are warning that totalitarianism looms just over the electoral horizon. And even the President of the United States is releasing videos that sound more like pre-fight smack talk than political posturing. In short, Ray Dalio is hardly the first major public figure to express his fear/hope that the nation is “on the brink.”

Ironically, the part of this story Dalio and his fellow elites are missing is that in which they’re the cause of the turmoil that currently plagues the United States, or, at the very least, are exacerbating that turmoil and aggravating the people’s frustrations.

Consider, for example, the description Dalio gives of one of the primary causes of this possible civil war:

This election would be a test of ‘can democracy work well? Will there be an acceptance of the rules and an ability to work well under those rules?’ he said.

[Republican candidate Donald] Trump will follow more rightist, nationalistic, isolationist, protectionist, non-regulatory policies — and more aggressive policies to fight enemies internally and externally, including political enemies. [President Joe] Biden, and even more so the Democratic party without Biden, will be more the opposite….

Ah, I see. It’s all Donald Trump’s fault. Strangely, Dalio doesn’t address the almost inarguable fact that Donald Trump is a symptom of this nation’s political dysfunction rather than the cause of it. Whatever one thinks of Trump—good, bad, indifferent—he and his political movement did not emerge fully formed, as if Athena springing forth from the forehead of Zeus. They were the result of decades of political malpractice by both parties, decades of betrayal and decades of self-dealing.

Likewise, Donald Trump remains popular today because both parties, as a whole, remain indifferent to the plight of the country class and are concerned almost exclusively with the needs and wants of Washington and its allies. Billionaire Ray Dalio may think that the people are revolting, but that is, in large part, the fault of the Washington uni-party and its disregard for the people’s interests.

Dalio also describes the form that the civil war he so fears might take: “The civil war Dalio imagines was not necessarily one in which people ‘grab guns and start shooting’, although such a scenario was possible, he said.” Rather, the civil war Dalio envisions would involve “people mov[ing] to different states that are more aligned with what they want and they don’t follow the decisions of federal authorities of the opposite political persuasion.”

To be clear, I don’t think that consistently disregarding the actions and decisions of the federal government is something that we, as a nation, should encourage, much less tolerate. At the same time, there’s a term for what Dalio describes. It’s called “federalism,” and it was precisely what the Founding Fathers had in mind almost 250 years ago.

It is worth remembering here that when the Founders debated the Constitution, two primary factions fought over the particulars. The Federalists—James Madsion, Alexander Hamilton, and John Jay, in particular—sat on one side of the question, while the anti-federalists—Patrick Henry, James Monroe, Samuel Adams, George Mason, and a host of others—sat on the other. The anti-federalists were opposed to the Constitution not because they disapproved of its weak federal government and demanded something stronger, something more like what we have today, but because they disapproved of a federal government at all. In other words, the vision Dalio now derides and implies is the precursor to civil war was, in fact, the most radically centralized of the forms of government considered by the Founders.

Dalio’s problem with such a vision of government is undoubtedly closely akin to the problem that much of the ruling class today has with that vision: he wants the people to think and behave as he wants them to, in alignment with his “values.” He finds their insistence on thinking for themselves and behaving accordingly irritating and inefficient.

Roughly two years ago, Victor Davis Hanson penned an essay accusing factions of “the left” of engaging in what he called “civil war porn.” Some on the left fantasized, he argued, about how the country’s majority white right-wing rabble were intent on harming minorities, destroying democracy, and engaging in violence against their enemies. Such fantasies gave them the opportunity to engage in moral grandstanding. They saw themselves as the heroes of the story, noble warriors who would sacrifice everything to save all that is right and good in the world.

Today, that “civil war porn” is the purview of much of the ruling class, people like Ray Dalio, who cosplay as the self-righteously indignant and “rational” grown-ups in the room. They warn that the evil ones, the naughty children, are plotting against the nation, planning a fascist takeover of the government or even secession from the Union.

Again, the irony is that in doing so, in prattling on about the risks that the great unwashed masses pose to “Our Democracy™,” the Ray Dalios of the world make it all the more likely. Every time they open their mouths on the subject, they make the idea of a political separation that would liberate the masses from those who deride and hate them sound far more agreeable.


TOPICS: Society
KEYWORDS: cwii; dalio; marxism; separation
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1 posted on 05/18/2024 6:48:58 AM PDT by MtnClimber
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To: MtnClimber

Why is it “destroying democracy” to oppose marxism?


2 posted on 05/18/2024 6:49:12 AM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
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To: MtnClimber

What’s the alternative, half the country or more living under what they consider an oppressive, tyrannical system that will destroy their lives? Better to have a friendly divorce and move on.


3 posted on 05/18/2024 7:03:07 AM PDT by GrumpyOldGuy
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To: MtnClimber

Uhhh, i dunno if i can stop chillin to Netflix long enough to chamber a round.


4 posted on 05/18/2024 7:03:19 AM PDT by Theophilus (covfefe)
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To: MtnClimber

Ray neglects to mention who might win said civil war, hint, not the leftists.


5 posted on 05/18/2024 7:04:21 AM PDT by exnavy
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To: MtnClimber

As the nation deteriorates further, following an election oof yet more Democrats, there will be a last-ditch effort by Conservatives (surely not by Republicans) to fight the leftists.

Manyo of knew it was inevitable given the utter stupidity of American voters that the last stand would happen. The monolithic central government monster is swallowing America.

When an empty-headed perverted moron is elected president, many know the end is near.


6 posted on 05/18/2024 7:08:16 AM PDT by ABStrauss (I miss Rush! )
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To: MtnClimber
This election would be a test of ‘can democracy work well? Will there be an acceptance of the rules and an ability to work well under those rules?’ he said.

I think this election will be so messed up, no one will be able to tell who won, but - strangely enough - this will only affect the Presidential race.

The ballot counting will drag on, many lawsuits filed from both sides, and SCOTUS will issue a narrow ruling that won't really mean anything.

It seems we on the Right would rather just separate from those on the Left - just go our individual ways, but (for some reason) the Left wants to hold us hostage to there form of governing...

7 posted on 05/18/2024 7:09:15 AM PDT by jeffc (Resident of the free State of Florida)
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To: jeffc
...Rather, the civil war Dalio envisions would involve “people mov[ing] to different states that are more aligned with what they want and they don’t follow the decisions of federal authorities of the opposite political persuasion.”

I see little wrong with this. Give the States back their rights (as expressed in the 10th Amendment) and each state can go Left or Right as the people see fit. Weaken the Feds - after all, the States created the Federal government...

8 posted on 05/18/2024 7:15:05 AM PDT by jeffc (Resident of the free State of Florida)
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To: MtnClimber

1. Its funny that the Democrats and Biden are guilty of being authoritarian and of trashing the institutions and traditions in order to punish their political enemies. Trump who already had 4 years in office specifically DID NOT do those things. But in a sense he is right that Leftugees fleeing blue states...and let’s face it, far more people are moving from blue states to red states than vice versa...is in effect a force multiplier on the divisions that exist in the country.

I for one, would wholeheartedly support peaceful secession. That is exactly what the Founding Fathers intended and would result in the best outcome for all concerned. If the New England states and Hawaii and the Left Coast want to go their separate way....let them. We could negotiate a reasonable separation agreement if both sides were willing to do so. And yes, the Left might very well be willing if they’re not sure they could win a potential conflict.

On a side note, I think the Left very much needs to worry about whether or not they would win such a conflict. Does anybody see the furrys, the trannies, the chicks with two moms or the fat blue haired White chicks on college campuses who whine about everything being willing or able to take up arms to impose their rule on the red states? Now turn it around. Would normal, patriotic, gun-toting, Americans take up arms to defend themselves against Leftists seeking to impose their rule upon them? The answers are: 1. No and 2. hell yes they’d be willing to fight.


9 posted on 05/18/2024 7:20:38 AM PDT by FLT-bird
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To: GrumpyOldGuy

Exactly. You were much more succinct than I but I share your sentiments. Let the Leftist freaks and malcontents go.


10 posted on 05/18/2024 7:21:36 AM PDT by FLT-bird
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To: jeffc
It seems we on the Right would rather just separate from those on the Left - just go our individual ways, but (for some reason) the Left wants to hold us hostage to there form of governing...

the Left are authoritarian, self righteous and imperialist. Most on the Right simply want to be left alone.

11 posted on 05/18/2024 7:23:22 AM PDT by FLT-bird
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To: MtnClimber

The future’s uncertain and the end is always near…

Jim Morrison, The Doors, 1960’s.


12 posted on 05/18/2024 7:25:44 AM PDT by Thapsus_epiphany (Socialism is a prison, Communism is a death camp )
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To: MtnClimber

Civil War II (if it happens) will not be a re-play of Civil War I. We are where we are today simply because the Federal Government has grown way beyond it Constitutional restraints.

As an example at the end of the the Civil War it still took a Constitutional amendment to end slavery in this nation. Since them how much has our society been changed not by the route the founding fathers outlined by by Congress, the Executive branch and the courts just ruled something to happen?

Civil War II should be the states taking back the power the Constitution gives them and restrict the Federal Government from acting within their state.


13 posted on 05/18/2024 7:27:17 AM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: MtnClimber

Well, he’s not wrong in that the Left is intractably and willfully ignorant about their intent to destroy the United States at all costs. And their percentage is growing and being increasingly funded by hostile foreign sources.


14 posted on 05/18/2024 7:28:16 AM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: FLT-bird
That is true, and why we are at a disadvantage to the Left: they LOVE government, we abhor it. They flock to government because they lust for power over others.

We, as you said, just want to be left alone, as the Feds did for the first 30 or 40 years...

15 posted on 05/18/2024 7:38:17 AM PDT by jeffc (Resident of the free State of Florida)
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To: GrumpyOldGuy
”Better to have a friendly divorce and move on.”

The problem is Bolsheviks aren’t live-and-let-live types and will never permit an alternative ideology to exist. Especially when that rival ideology provides results which are superior in every way. 15 minutes after the friendly divorce, they would be busy trying to infest the foundations of their rival society.

16 posted on 05/18/2024 7:41:43 AM PDT by Flag_This (They're lying.)
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To: MtnClimber

I wonder what team ol’ Ray would bat for, if it came down to it.


17 posted on 05/18/2024 7:54:24 AM PDT by Nervous Tick ("First the Saturday people, then the Sunday people...": ISLAM is the problem!)
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To: jeffc

>> I see little wrong with this. Give the States back their rights... Weaken the Feds

I’m on board with that vision.


18 posted on 05/18/2024 7:56:22 AM PDT by Nervous Tick ("First the Saturday people, then the Sunday people...": ISLAM is the problem!)
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To: MtnClimber

I would see more of a scenario of big city democrats marauding out in suburbia/exurbia which could lead to a bigger conflagration.


19 posted on 05/18/2024 7:58:18 AM PDT by Bonemaker (invictus maneo)
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To: jeffc

The left: Our ideas are so good, they are mandatory.


20 posted on 05/18/2024 8:04:01 AM PDT by BudgieRamone (Everybody loves a bonk on the head)
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