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Elon Musk Pushes Back on Ray Dalio’s U.S. Warning: Says China’s Already Ahead
Billionaire Ray Dalio warned that the U.S. is losing global power and heading for economic trouble. He said big trade problems and too much debt are creating a crisis.
Dalio believes the world is moving away from relying on the U.S., and if things don’t change, a global collapse could happen.
But Elon Musk disagreed. He responded on X, saying, “Correction: China now consumes more manufactured goods than the U.S.” He also noted that Chinese buyers will purchase more cars this year than the U.S. and Europe combined.
Why It Matters:
Dalio says the U.S. is fading due to bad decisions. But Musk’s reply suggests China has already taken the lead. If true, the balance of power may shift much sooner than expected.
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