On Day 3 of Fortune's Global Forum in Abu Dhabi, CEO Alan Murray sits down with Bridgewater Associates founder and legendary billionaire investor Ray Dalio to discuss sounding the alarm on the perilous state of American politics. Dalio admitted that he’s dreading a rerun of the fractious 2020 Trump-Biden election which scarred the country.

That deeply divisive contest for the White House, which resulted in a Biden win, eventually led to an insurrection on Jan. 6, 2021, where Trump engaged in a “multipart conspiracy” to overturn the lawful election results and failed to act to stop Republican supporters from attacking the Capitol.

Dalio has already called the 2024 election the most important one of our lifetimes, as Murray reminded him. Dalio responded that he was praying.

He also highlighted that his family office has three branches—in the U.S., in Singapore, and in Abu Dhabi—and as he told Murray: “In the world today there are bright spots.” These places “have a culture in which there’s excellent education for most people, in which there’s civility,” and in which the economy is thriving.

Finally, Dalio responds to Murray's question about The New York Times reporter Rob Copeland's new book called "The Fund," which paints a less-than-rosy picture of Dalio and his path to success at Bridgewater. Although it largely focuses on internal staffing and management disputes rather than Dalio’s decades-long record as one of the greats of the hedge fund world, he says the book is all just “fiction, created as fact” by a reporter with a vendetta and that it’s a black eye for all journalists.

00:00 - Staying In Abu Dhabi
01:35 - Five Forces Of Economic Historical Events
04:39 - Money Debt Economic Cycle
07:35 - Current Treasury Markets
10:11 - 2024 U.S. Election
13:44 - The Chinese Art Of War
15:25 - The U.S. Technology War
16:51 - AI's Significance In The Economy
18:55 - The Future Of The Economy Of Technology
20:09 - Ray's Response To Rob Copeland's New Book "The Fund"

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