Billionaire investor Ray Dalio warns a developing 'capital war' between the US and China could tank the dollar and wreak havoc with the US economy
Legendary hedge fund manager Ray Dalio said that the stability of the US dollar is under threat as tensions between Beijing and Washington could lead to a"capital war."
"There's a trade war, there's a technology war, there is a geopolitical war and there could be a capital war," he said.Visit Business Insider's homepage for more storiesBillionaire investor Ray Dalio has warned that escalating tensions between the US and China could lead to a"capital war" with major repercussions for the value of the dollar.Sunday Morning Futures
"We are in conflict with China. You can call it a war," Dalio said."There's a trade war, there's a technology war, there is a geopolitical war and there could be a capital war." "If you say, by law, don't invest in China or even possibly withholding the payment of bonds that the United States owes payment on in China, these things are possibilities and they have big implications such as for the value of the dollar because investors, premarket investors, are not used to having those things dictated by the government," he said.
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