00:00It's Benzinga bringing Wall Street to Main Street
00:02Billionaire investor Ray Dalio warned Tuesday that Trump's political direction could trigger
00:06a new phase of global financial conflict as foreign governments and investors reassess
00:11their appetite for U.S. assets.
00:13Speaking on CNBC at the World Economic Forum in Davos, Dalio said trade disputes can escalate
00:19into capital and currency conflicts if trust erodes. He said countries holding large amounts
00:24of U.S. dollars and treasuries may become less willing to finance U.S. deficits while
00:29the U.S. continues issuing large volumes of debt. Treasury prices fell Tuesday as investors
00:34reacted to renewed tariff threats tied to Trump's push on Greenland. Dalio said history shows
00:40economic conflicts often expand beyond trade. He urged diversification and recommended gold
00:45as a hedge. Spot gold rose to a record $4,689.39.
00:51For all things money, visit Benzinga.com.
