Billionaire investor Ray Dalio issued a stark warning on NBC's Meet The Press about the U.S. approaching a recession with the potential for an even more severe crisis if economic mismanagement persists. He highlighted excessive debt, trade barriers, and faltering domestic manufacturing as key issues, likening the situation to the 1930s. Dalio warned that poor handling could trigger global turmoil, military conflict, or internal democratic challenges. His insights are taken seriously due to his accurate forecast of the 2008 financial crisis.