Ray Dalio Warns USD Savings Will Lose 40%, Cites Iran Oil Trades as 'Step 9' Evidence on May 24

According to Ray Dalio in a podcast published on May 24, the billionaire investor outlined a 13-step process leading to a 40% depreciation of savings for USD holders, warning that the world is currently between steps 9 and 10. Dalio pointed to Iran's recent acceptance of tolls in the Strait of Hormuz and shift to selling oil in Chinese yuan instead of USD as evidence of reserve currency transition. He compared the anticipated outcome to British savers' 40% loss following the Suez Crisis, cautioning that U.S. decline may occur faster and more severely.

Dalio recommended diversifying across international assets, including the Vanguard Total International Stock ETF (VXUS) and commodities like gold, which has surged over 140% in the past five years, as a hedge against USD devaluation.