Billionaire Ray Dalio warned Friday that surging U.S. debt and hardening political divides under Donald Trump are pushing the country toward civil war.

The veteran hedge fund manager, 76, warned that borrowing “relative to income” is “like plaque in the arteries that then begins to squeeze out the spending.”

He told Bloomberg the combination of swelling deficits, wealth inequality, and global flashpoints has created “plenty to worry about” and an environment “very much analogous” to the years before World War II.

Asked whether a wider conflict is imminent, he replied that a “civil war of some sort” is developing with “irreconcilable differences” in the U.S. and elsewhere moving toward “tests of power.”

As such, Dalio, the founder of Bridgewater Associates, added, it was “crucial” to

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