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The US Is Transforming Into a 1930s-Style Autocracy, Says Billionaire Ray Dalio | News Channel 3-12

Ray Dalio highlights risks of fiscal instability with $7 trillion spending versus $5 trillion revenue and warns weakening Federal Reserve independence may harm the dollar's global role.

  • On September 2, 2025, billionaire Ray Dalio warned that President Donald Trump's actions are pushing the United States toward an authoritarian regime reminiscent of the 1930s.
  • Dalio attributed this trend to widening wealth gaps fueling populism, weakening democratic processes, and Trump's domestic policy threatening economic stability.
  • He criticized Trump's attacks on the Federal Reserve's independence, including efforts to fire governor Lisa Cook and state intervention like acquiring a 10% stake in Intel.
  • On Monday, European Central Bank leader Christine Lagarde warned that losing the independence of US monetary policy poses a significant risk to both the American economy and the global financial system.
  • Dalio cautioned that political interference with the Fed’s independence might weaken trust in the dollar and escalate the debt crisis, as investors increasingly move their assets from Treasuries into gold.
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The US is transforming into a 1930s-style autocracy, says billionaire Ray Dalio

The United States is sliding into 1930s-style autocratic politics, billionaire Ray Dalio has warned.

·Atlanta, United States
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Political Wire broke the news in New York, United States on Tuesday, September 2, 2025.
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