美债要爆了？资本大佬发出最强预警，多只顶级基金悄然集体叛逃！

Group 1 - The core viewpoint presented by Dalio is that the global financial conflict may be entering a new phase due to Trump's aggressive political strategies, indicating a shift from a trade war to a capital war [3] - Major global investors are beginning to withdraw their investments from U.S. Treasury bonds, with a Danish pension fund announcing it will liquidate all its U.S. debt holdings due to the credit risks associated with Trump's policies [3][4] - The actions of these funds signal a dangerous trend, as even conservative European pension funds are reclassifying U.S. Treasury bonds from "safe assets" to "risky assets," indicating a potential breach of trust in U.S. financial stability [4][5] Group 2 - If a global consensus of distrust towards Trump emerges, it could lead to significant consequences, including skyrocketing borrowing costs for the U.S. government, which currently incurs $3.56 billion in interest daily [5] - This distrust could undermine the international dominance of the U.S. dollar, ultimately eroding America's core financial privileges [6] - The potential fallout could trigger a global asset price tsunami, affecting all markets, as evidenced by the recent surge in gold prices, which have surpassed $4,800, reflecting a panic-driven flight to safety by global capital [7][8] Group 3 - The ultimate message from Dalio revolves around a "crisis of trust," as Trump's "America First" policy is pushing allies towards financial opposition [8] - The Greenland incident, while seemingly a political spectacle, represents another straw on the camel's back, contributing to the erosion of multinational capital trust [8] - The future indicators of financial stability will not be Trump's tweets but rather the silent asset allocation decisions of central banks and sovereign funds, marking a potential collapse of the existing trust system [8]