New Delhi, Sept. 24 -- Ray Dalio, famed investor and the founder of the world's largest hedge fund, Bridgewater Associates, believes the US and the UK could be heading into "very, very dark times."

Sharing his views on the "Diary of a CEO" podcast, Dalio sounded cautious about the trajectory of the two nations. He pointed out that a repeating 80-year cycle suggests that the world is entering a time of major conflict and turmoil, both globally and within countries.

"The UK government has a debt problem. The country has been in decline since the war, said Dalio, underscoring that the financial stress is connected to intense internal conflict.

While the US has a culture of entrepreneurship and innovation, it, too, has a significant debt p...