Overview

• In a Financial Times interview published Tuesday, the Bridgewater Associates founder linked growing inequality and collapsing trust to a tilt toward stronger, more interventionist leadership.
• Dalio cited the Trump administration’s reported 10% stake in Intel as a sign of state intervention that echoes past crises.
• He warned that efforts to sway the Federal Reserve to keep rates low could weaken faith in the dollar, noting that some international investors are shifting from Treasuries into gold.
• Reiterating his fiscal alarm, Dalio said large deficits and mounting debt could trigger a “debt‑induced heart attack” for the U.S. economy within roughly three years.
• He added that many business leaders are staying quiet out of fear of retaliation, as other officials such as ECB president Christine Lagarde also flagged risks if the Fed’s independence is compromised and President Trump attempts to remove Fed governor Lisa Cook.