Ray Dalio Warns: Trump’s Tariff Plans Could Spark a Crisis Worse Than 2008

PatriotR Daily News 05/05/25

ECONOMIC NEWS

​Ray Dalio Warns: Trump’s Tariff Plans Could Spark a Crisis Worse Than 2008

Billionaire investor Ray Dalio, who famously predicted the 2008 financial crisis, is now sounding the alarm about Donald Trump’s proposed economic policies. Dalio warns that aggressive tariffs — including a 10% blanket import tax and a 145% tariff on Chinese goods — could destabilize the global economy, trigger retaliatory trade wars, and fracture international relations. He likens the disruption to “throwing rocks into the global production system.”

Dalio also highlights rising U.S. debt as a ticking time bomb, warning of a potential “debt heart attack” if deficits continue unchecked. Drawing parallels to the 1930s, he argues that the combination of nationalism, economic isolation, and global disorder could lead to a crisis even more damaging than the Great Recession.

He urges leaders to think beyond short-term wins and instead focus on reducing debt, promoting cooperation, and avoiding trade wars — before it’s too late. Read More.

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US NEWS

I Lost Track of My 401(k) After Changing Jobs — Here's What You Can Do If Your Old Employer Won’t Help

Losing track of a 401(k) after switching jobs is surprisingly common — in fact, over 29 million such accounts exist, holding $1.65 trillion in assets. If you remember contributing to an old 401(k) but can’t access it and your former employer is unhelpful, don’t panic — legally, your contributions and their investment growth are 100% yours.

Start by reaching out to HR, past managers, or even the CEO. If that fails, dig through old records, emails, or pay stubs to locate the plan administrator. You can also use online tools like the National Registry of Unclaimed Retirement Benefits or the Department of Labor’s Abandoned Plan Database.

To avoid losing track in the future, consider rolling your 401(k) into your new employer’s plan or into a traditional IRA for more control and fewer headaches. Whichever route you choose, moving your retirement savings with you can help ensure your money stays within reach. Read Now. 

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