PANews reported on June 9 that Ray Dalio, founder of Bridgewater Associates, wrote that the United States is currently in the fifth stage of the "big cycle" defined in his book "The Changing World Order" - on the eve of economic deterioration and intensified social conflicts, and is approaching the sixth stage, which is civil war or system collapse. Dalio warned that fiscal imbalances, the gap between the rich and the poor, and extreme politics are together forming a "toxic combination" and that strong and peaceful leaders are needed to promote system reconstruction to avoid drastic ruptures.