Author: Ray Dalio, Founder of Bridgewater Associates, Source: X, @RayDalio, Translated by: Shaw, Jinse Finance
The debate between Trump and Powell is essentially about the control of currency value. As mentioned earlier, when there is excessive debt and borrowing, the traditional solution is to lower real interest rates and allow the currency to devalue, which is disadvantageous to creditors and advantageous to debtors. This is what Trump advocates, while Powell strongly opposes.
These debates are quite normal, but this time the arguments are more intense. Heads of state usually hope for more
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