The world is “on the brink” of a capital war, according to billionaire investor Ray Dalio.
Speaking at the World Government Summit, Dalio said that the five “big forces” that have historically signaled the collapse of world orders are shifting. The multilateral system established in 1945—defined by the United Nations, World Trade Organization and a U.S.-dominated monetary framework—is rapidly fracturing. For investors, that raises uncomfortable questions about how much of their wealth is tied to paper systems that can be frozen, devalued or restructured in a hurry.
“The monetary order is changing, breaking down in a certain way,” Dalio said.
Dailio said the transition from a multilateral to a unilateral, power-based world order is well underway, blaming the massive accumulation of debt and the proliferation of fiat systems as primary catalysts for the instability. It’s the kind of backdrop that has more investors revisiting hard assets and, in some cases, reallocating a slice of their savings into physical gold and silver through specialists like Preserve Gold.
From Trade Wars to Capital Wars
While much of the current …
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