Ray Dalio: USA on the way to “Autocracy in the style of the 1930s”

A billionaire and investor Ray Dalio warned that the United States is moving towards Autocracy in the 1930s style. He believes that this can lead to an increase in the yield of long -term bonds of the United States, weakening the dollar and increasing gold prices

The profitability of long -term bonds of the United States has already increased sharply. Now market participants are monitoring possible bitcoin rally.

The capture of the Fed Trump – “serious risk”

Dalio expressed his fears in an interview with Financial Times. He describes Autocracy in the style of the 1930s as an increase in the intervention of the Trump administration in the economy. Recently, the US government caused disputes by deciding to acquire 10% of Intel shares, a company experiencing financial difficulties.

In an interview, Dalio also noted a growing gap in the level of welfare in the United States, claiming that this destroys social trust and leads to significant discrepancies in values ​​among Americans. He warned that this could lead to more extreme political measures.

Recent attempts by President Trump to control the federal reserve, including the dismissal of a member of the Council of Lisa Cook, serve as a vivid example. Dalio said that if the central bank succumbs to political pressure and retains low interest rates, this “will undermine the trust in the ability of the Fed to protect the value of money and reduce the attractiveness of assets in dollars.”

Dalio is not the only one who is concerned. On Monday, ECB President Christine Lagarde expressed anxiety about the US economy. She warned that if Trump will influence the decisions of the Fed on interest rates, this will be a “very serious risk” for the US economy and the world.

Gold is growing, long -term profitability takes off

Dalio believes that if the Trump administration continues to act unilaterally, the profitability of the long -term bonds of the United States will grow sharply, the dollar will weaken, and the prices of gold will rise. He noted that international investors switched from treasury bonds to gold.

On September of September, the profitability of 30-year-old treasury bonds of the United States reached 4.982%. Gold futures closed at a record mark of $ 3,604 per ounce. While the yield of short-term bonds falls due to expectations of reducing interest rates, the profitability of long-term bonds continues to grow.

The market carefully monitors whether these changes will lead to an increase in bitcoin price. The BTC price increased with gold at the end of April, when the profitability of long -term bonds increased sharply during the US trade war.

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