Billionaire investor Ray Dalio is warning we shouldn’t be focused on trade wars, instead the real concern is capital wars. In those, Dalio says there will be a reduced appetite for owning US government debt or any US assets. Maybe even including American stocks. The comments were made in the context of recent geopolitical flashpoints in Venezuela and Greenland. As always, there’s a lot of noise surrounding this kind of topic, but what does the evidence say?

Eurodollar University's conversation w/Steve Van Metre

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If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, plus deep discussions about what truly is the greatest threat we all face, join me and Brent, plus Hugh Hendry, George Gammon, Steve Van Metre, and Mike Green at Eurodollar University's very first Live Event, President's Day Weekend, February 2026. Small groups, intimate discussions. 

To reserve your spot just go here https://eurodollar-university.com/event-home-page

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CNBC Ray Dalio
https://www.youtube.com/watch?v=Gda9T9gZSe4

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU