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Billionaire investment guru Ray Dalio warns of a looming 'capital war' between the US and China

Billionaire investment guru Ray Dalio warns of a looming 'capital war' between the US and China
Eoin Noonan/Web Summit/Getty Images



Ray Dalio is warning that the current trade war between the US and China could spiral into a capital war.




"There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war," Dalio said on Thursday. "How that is approached is going to determine our futures."




US lawmakers have pushed to stem the flow of funds going from the US to China.




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Ray Dalio is warning that the current trade war between the US and China could spiral into a capital war.
"There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war," Dalio said on Thursday, adding "How that is approached is going to determine our futures."
The billionaire investor and founder of Bridgewater Associates, which oversees $160 billion in assets, spoke at a gala hosted by the National Committee on US-China Relations in New York — a non-partisan group founded to push cooperation between the two nations.
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