In terms of what might 'break' the system, Dalio cites a "classic toxic mix of forces" that consists of:
Large income and wealth gaps. The US has the highest income inequality among G7 nations, based on the so-called Gini coefficient compiled by the OECD.Dalio writes that these circumstances are at their worst since the 1930s, and it would be foolish to proceed without considering the consequences in eras gone by.
It's first worth noting that the US maintains monetary sovereignty, meaning that it exclusively mints its own currency and therefore cannot run out of money or default unto itself. That means the biggest concerns about a debt crisis — despite the $27 trillion mountain — may be overblown because of the US' unique status.
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