Ray Dalio, the founder of Bridgewater Associates, said that the continued accumulation of U.S. government debt is posing risks to the monetary system. Dalio said on Friday: "We are witnessing a threat to the monetary order, combined with other factors, this will determine whether it portends the end of the entire American empire." The hedge fund giant pointed out that the current U.S. has 30% excessive spending and needs to sell $12 trillion in debt. "The global market lacks equal demand for such debt, which will create a supply-demand imbalance," he attributed the credit out of control to "human nature."