Keep pulling the thread on Ray Dalio.
Central banks are actively reducing their reserve mix of fiat currencies, including the U.S. dollar, while increasing their holdings of gold.
Ray Dalio believes the multilateral world order established by the United States after World War II is currently breaking down.
President Donald Trump threatened to impose significant tariffs on European countries in a dispute related to Greenland.
President Donald Trump later withdrew his threat to impose tariffs on European countries related to the Greenland dispute.
A preliminary agreement was reached in the Greenland dispute that does not include the U.S. acquiring Greenland, a condition President Donald Trump had previously stated was necessary.
In the period leading up to a potential trade war escalation, stock and bond prices declined while gold prices increased.
Gold is the second-largest reserve currency held by central banks, which treat it as a form of money.
Treasury Secretary Scott Besson has publicly downplayed the risk of foreign countries selling U.S. assets or weaponizing their ownership of U.S. debt.
Treasury Secretary Scott Besson has stated that reducing the U.S. deficit to 3% of GDP is an important goal.
Russia was prevented from accessing its foreign-held money due to asset freezes.
On August 15, 1971, President Richard Nixon announced the United States would suspend the convertibility of the U.S. dollar into gold.
The U.S. stock market experienced its largest rally in over a decade on the day after President Richard Nixon ended the dollar's convertibility to gold in 1971.