The US is transforming into a 1930s-style autocracy, says billionaire Ray Dalio
8 days ago
- #Federal Reserve
- #economic policy
- #autocracy
- Ray Dalio warns the US is sliding into 1930s-style autocratic politics, drawing parallels to the 1930-40 period.
- State intervention in the private sector, like the Trump administration's stake in Intel, reflects autocratic leadership tendencies.
- Dalio criticizes Trump's policies, including the 'One Big Beautiful Bill Act,' citing concerns over US government debt.
- Wealth and value gaps, along with a collapse in trust, are driving extreme policies in the US.
- Dalio warns of the dangers of the Federal Reserve losing its independence, which could undermine confidence in the dollar.
- International investors are shifting from Treasuries to gold amid concerns over US monetary policy.
- Trump's attacks on the Fed and attempts to influence interest rates pose a serious danger to the economy.
- ECB president Christine Lagarde warns that loss of Fed independence would have global repercussions.