As an example, Dalio gave The government's takeover of a 10 % package at Intel, which it described as an expression of “strong, autocratic leadership resulting from the desire to control the economic and financial situation“In his opinion, such activities are part of the trend of intensified state interference in the private sector.
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Dalio's biggest fears about the policy of Donald Trump
His public criticism of Trump is a rarity in the world of great finances, where – as he noted – many investors prefer to remain silent in fear of the retorts from the White House. – Most people are silent because they are afraid of retaliation if he criticizes He said.
Dalio also expressed concerns about the independence of the federal reserve. He warned that the political pressure on the Fed, to maintain low interest rates, undermine faith in the dollar stability. He reminded that Trump recently tried to dismiss one of the members of the FED board and appointed a close ally to the vacancy in the council to increase control over monetary policy. – A politically weakened federal reserve could undermine confidence in the dollar and make the donations denominated in this currency become less attractive Dalio said.
Ray Dalio about investor movements
According to him, global investors are already starting to move capital from American tax bonds towards gold. Dalio also emphasized that many years of deficits and growing public debt led the US to the edge of the debt crisis. – Washington today spends about $ 7 trillion a year, budget revenues are only 5 trillion. This means the need for great debt emission when investors are increasingly questioning whether tax bonds are a safe place of capital He explained.
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According to Dalio Fed, in such a situation he will become a dramatic choice: ALBO allow the increase in interest rates and the risk of the debt crisis, or print money and buy bonds that no one else will want. “Both solutions will weaken the dollar and undermine the current monetary order,” he said.
