Billionaire investor Ray Dalio warns that the United States is increasingly resembling a 1930s-style autocracy amid rising political and social unrest, citing government interventions such as Trump's decision to influence the private sector and the government's 10% stake in Intel as examples of autocratic tendencies.

Dalio compares current US political developments, including heightened state intervention in private companies and attempts to influence the Federal Reserve, to the autocratic leadership trends of the 1930s.

He emphasizes that attacks on the Federal Reserve could destabilize the US dollar and weaken the global monetary system, raising concerns about the stability of international finance.

Dalio notes that international investors are shifting away from US Treasuries into gold due to fears over US economic stability and political uncertainty, reflecting a loss of confidence.

European Central Bank President Christine Lagarde warns that if Trump influences US monetary policy, it could threaten the global economy, stressing the importance of the Fed’s independence.

She also expresses concern over Trump's attempts to influence Fed leadership, including efforts to replace a governor and nominate close associates, which could undermine the Fed's independence and credibility.

Dalio highlights that many investors remain silent out of fear of retaliation, underscoring the fragile state of US political and economic stability.

He warns that the US faces unsustainable debt growth, with projections indicating a potential debt crisis within three years due to large deficits and fiscal excesses.

Dalio criticizes rising wealth and value gaps, political polarization, and declining trust, which he says are fueling populism and extremism, thereby weakening democratic institutions and paving the way for autocratic tendencies.

He criticizes President Trump’s policies, including efforts to influence the Fed’s leadership and interest rate decisions, raising fears of politicized monetary policy and undermining the Fed's independence.

Dalio warns that if the Federal Reserve loses its independence and succumbs to political pressure, it could undermine confidence in the dollar and destabilize the US economy.