Dalio warns US at Suez moment that could redraw global power

Bridgewater founder Ray Dalio frames the U.S. situation as a modern Suez moment, arguing that mounting debt, a shrinking share of global reserves backing the dollar, and threats to the petrodollar at Hormuz could trigger a long, painful reordering of global power even as the U.S. remains the largest economy and military power; the piece stresses that decline would be gradual, not a sudden collapse, and highlights the complex interplay of finance, allies, and strategic leverage in determining the next era of world leadership.