Billionaire Ray Dalio says President Trump is pushing to debase the dollar in order to manage the nation’s massive debt burden.
In a new post on the social media platform X, the Bridgewater Associates founder says that the current conflict between Trump and Fed Chair Jerome Powell is about the value of money.
“As previously explained, when there is too much debt and borrowing, the classic way of dealing with it is to push real interest rates down and devalue money, which is bad for creditors and good for debtors. That is what Donald Trump is pushing for and what Jay Powell is defending against.”
Trump has repeatedly called for Powell to step down, and has floated the idea that he could be fired, largely because of the Fed Chair’s pause on rate cuts that began in December, 2024.
Dalio says that in the end, the President will likely get his wish for lower rates and cheaper…
