Billionaire investor Ray Dalio issued a stark warning regarding the future of global finance during a recent address at the Oxford Union, asserting that all major fiat currencies are “in trouble” due to unsustainable debt loads.The Mechanics Of DevaluationThe Bridgewater Associates founder predicts the world is entering a period of significant currency devaluation comparable to the 1930s and 1970s.Dalio's central thesis rests on the concept that “money is debt.” He explained to the Oxford audience that fiat ...