Billionaire Ray Dalio warns the US faces a debt crisis within ~3 years if current spending patterns persist, citing a 6% budget deficit against revenues covering only 73% of expenditure. He recommends investors shift from bonds to 10–15% gold and modest bitcoin holdings as diversification hedges. The US deficit reached $432B in July; Dalio sees the window for coordinated cuts to spending, tax increases, and rate adjustments closing within 1–5 years, with similar fiscal pressures emerging across UK, China, and Japan.