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Ray Dalio Flags Structural Strain in Global Monetary System on January 23, 2026

On January 23, 2026, Ray Dalio warned that the global monetary order is structurally weakening as fiat money and sovereign debt lose credibility as stores of value. He highlighted central banks diversifying reserves and gold’s relative strength over the past year. A January 24, 2026 analysis echoed his view of a prolonged transition.