Billionaire Ray Dalio Says White House Pushing To Devalue Dollar In Face-Off Against Federal Reserve

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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...