In the next two years, the global economy will face a total collapse, which the world has not seen. The coming crisis will have devastating consequences for all. With such a forecast made by billionaire Ray Dalio. In an interview with Business Insider, the founder of the world's largest hedge fund, Bridgewater Associates, said the crisis would break out in 2019-2020. In each economic cycle, there is an early period when interest rates are at the lowest level, debts are increasing to increase production income, and the value of assets is increasing, explained the expert. The next for this stage brings a lot of problems: the monetary policy becomes tougher, as it becomes more difficult for companies to service growing debts, and the economy is already incapable of strong growth. Further events are developing quite too badly. Tightening the conditions on the credit market (in other words, raising interest on loans) leads to a drop in demand: people stop borrowing to buy new apartments, cars and refrigerators with TVs. To stimulate demand, central banks are beginning to reduce interest rates to almost zero. But this step they only achieve that the economy is depressed. Now the world, according to Dalio, goes from the first period to the second. A high value of assets, low interest rates and the tightening of monetary policy have been observed everywhere. About the same, everything was in 1937. , during the Great Depression in the United States. "In addition, we are in a situation of increasing gap between the rich and the poor, which leads to the emergence of populism," - worried remarked one of the world's richest people. Dalio is by no means the first to predict the onset of another financial cataclysm of a planetary scale. Not so long ago, a similar forecast was made by the experts of Bank of America, similar to that that swept the planet in 1997-1998. This, according to economists, indicates a similar dynamics of indices: the markets of developing countries are shrinking, stocks of high-tech companies are becoming more expensive, and the US economy is showing steady growth. Specialists of the World Bank are also not alien eschatological moods. Last summer, experts of the organization noted that in the next couple of years global shocks to humanity should not be expected, but after 2019.

the situation can be very disturbing. Economist Nouriel Roubini also believes that "by 2020,.

conditions for the financial crisis will mature, followed by a global recession ". He cited as many as ten reasons why this would happen. Among them - untimely policy of budget stimulation in the US, rising inflation, escalation of trade conflicts between countries, slowing economic growth in developing countries, inflating stock bubbles and others, Project Syndicate reports..