Here’s what to know about Dalio and his dire warning. Who is Ray Dalio? Ray Dalio is a prominent American investor, hedge fund manager, and philanthropist,

The very value of money is at stake, Dalio said. A breakdown in the bond market, combined with events like internal and international conflict, could be an even more severe shock to the monetary system than President Richard Nixon's cancellation of the gold standard in 1971 and the global financial crisis in 2008.