berg80
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- Oct 28, 2017
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Major billionaire makes bombshell accusation against Trump: ‘Most people are silent’
Billionaire hedge fund boss Ray Dalio has a dire warning about President Donald Trump.Dalio, the founder of Bridgewater Associates, told the Financial Times in an interview released early Tuesday that the United States is moving toward autocratic-style politics, pointing to how a decline in trust, “gaps in wealth” and “gaps in values” are pushing “more extreme” policies.
“What is happening now politically and socially is analogous to what happened around the world in the 1930-40 period,” Dalio said.
Dalio pointed to the Trump administration’s acquisition of a 10% stake in U.S. chipmaker Intel, which was announced in a historic deal last month, likening the move to “strong autocratic leadership that sprang out of the desire to take control of the financial and economic situation.”
“I am just describing the cause and effect relationships that are driving what is happening,” Dalio told the outlet. “And by the way, during such times most people are silent because they are afraid of retaliation if they criticize.”
Major billionaire makes bombshell accusation against Trump: ‘Most people are silent’
The hedge fund manager is intensifying his warnings about the president.
I read Dalio's book, "The Changing World Order" in which he predicts the demise of the US. Largely because of the cyclicality of global influence. He's an astute observer of long term trends, both political and economic.
But what he said is not a bombshell. That's just a splashy headline designed to attract attention. What he said is essentially the same thing many of us have been saying for a while.
The problem with this observation is it will fall on deaf ears from the MAGA Right who are the folks who should be listening most intently. Or perhaps more accurately put, closed ears. They've heard this kind of thing before and possess all the means necessary to dismiss it as they do all criticisms of trump. The evidence is all around them but they only see trump's success expelling some brown skinned people the minions have been taught to demonize. Deportation not being a policy unique to this government. What is unique are the methods used and the kinds of people being targeted.
I've tried to be measured in my references to Don, not going down the road of calling him a fascist. Rightly so I think. But there are fascist elements of the playbook he's using and he is unequivocally a authoritarian by nature who is in the process of concentrating power in his hands. Even as the entire Repub congressional caucus does nothing to stop him. Highlighting this salient point. “And by the way, during such times most people are silent because they are afraid of retaliation if they criticize.”
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