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IPFS News Link • Trump Administration

Ray Dalio Warns "Capital War" Between The US And China Would Hit Dollar

•, Tyler Durden

"There's a trade war, there's a technology war, there is a geopolitical war and there could be a capital war," Dalio told Bartiromo, adding that a potential capital war could erupt if Washington bans investments in China.He suggested the politicians in Washington have already threatened the dollar's stability by being "our own worst enemy." 

Dalio, who famously said "cash is trash"  in Davos in 2020, saw his bearish dollar narrative implode in March when the dollar was the ultimate haven currency. However, now, the dollar is headed for its worst month since early 2018. The currency continues to plunge on Monday morning, down 62bps to 93.780.