Ray Dalio fears 'capital wars' could follow Trump's actions with countries dumping U.S. assets

From cnbc.com Watch this video at https://www.cryptocraft.com/news/1379967-ray-dalio-fears-capital-wars-could-follow-trumps.

Billionaire investor Ray Dalio warned that President Donald Trump’s aggressive political direction could spark a new phase of global financial conflict, as foreign governments and investors reconsider their appetite for U.S. assets amid rising unease and economic tensions. “On the other side of trade, deficits, and trade wars, there are capital and capital wars,” Dalio told CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switzerland. “If you take the conflicts, you can’t ignore the possibility of the capital wars. In other words, maybe there’s not the same inclination to buy at U.S. debt and so on.” The founder of Bridgewater Associates, one of the world’s largest hedge funds, is concerned that countries holding large amounts of U.S. dollars and Treasurys may become less willing to finance U.S. deficits if trust erodes. At the same time, the U.S. continues to issue large volumes of debt, creating a problematic situation if confidence weakens on either side, Dalio said.