| An order is a governing system that helps people deal with each other in a structured way. There are internal orders for governing within countries, and a world order for governing between countries. Orders typically change after wars, when revolutionary new forces defeat weak old ones. When this happens, new agreements and treaties are signed that detail how global governance and monetary systems will work moving forward. And a new world order begins. #principles #raydalio #history #bigcycle |
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
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How Government Debt Reduces Your Buying Power
2025-07-03
History tells us the preferred path for government policymakers trying to deal with too much debt is lowering interest rates and devaluing the currency the debt is denominated in.
Doing this is a very hidden way of reducing wealth, because as your currency goes down, it makes it look like other things are going up. But despite the downsides, this wealth shrinkage and reduction in buying power is favored by policy makers precisely because its impacts are less obvious than the alternatives.
At such times, you should expect interest rates and the currency’s value to fall.
#debt #raydalio
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