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Dalio Warns of Impending Capital War at Davos

2/3/2026

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Summary

Story summary

Ray Dalio, founder of Bridgewater Associates, warned at Davos that the world is on the brink of a capital war caused by rising tensions and volatile markets.
Concerns about U.S. and European investors arise over U.S. President Donald Trump’s administration actions regarding Greenland.
Dalio noted that capital controls are already being implemented globally as institutions prepare for potential conflicts and gold remains a reliable asset for storing wealth.

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Story summary

Ray Dalio, founder of Bridgewater Associates, warned at Davos that the world is on the brink of a capital war caused by rising tensions and volatile markets.
Concerns about U.S. and European investors arise over U.S. President Donald Trump’s administration actions regarding Greenland.
Dalio noted that capital controls are already being implemented globally as institutions prepare for potential conflicts and gold remains a reliable asset for storing wealth.