| When great powers rise throughout history, they generally do so for the same reasons. These successful new orders are typically started by powerful revolutionary leaders doing four things: 1) Winning power by gaining more support than their opposition 2) Consolidating power by converting, weakening, or eliminating that opposition 3) Establishing systems and institutions that make the country work well 4) Creating systems that pick successors well over several generations #principles #raydalio #history #empire |
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My New Book How Countries Go Broke: The Big Cycle
2025-07-14
I’m very happy to learn that my new book, How Countries Go Broke: The Big Cycle was selected by @barnesandnoble as one of their Best Business Books of the year.
The book conveys what I’ve learned over the past 50 years as a macro investor about the mechanics of how countries go broke — and what that means for the US today.
I hope you’ll read it and learn about it so that you understand what we’re dealing with, and what you can do to navigate the interesting times ahead.
The Reason I Studied 500 Years of History
2025-06-10
What’s happening now with money, debt, and credit has never happened before in our lifetime.
But it has happened many times in history, which is why I believe studying the past is so important. The same cycles repeat over and over again, and there are important lessons we can learn from those experiences.
If we apply that understanding to the issues we face today, we can increase the chances of positive geopolitical and economic outcomes. That’s good for all of us.
I enjoyed meeting with @imf to discuss this and answer questions about my new book, which dives deeper into these topics. It’s called How Countries Go Broke: The Big Cycle, and it’s available now.
If you’re interested in learning more about our collective debt burden — and what steps we can take to solve these issues —
How Countries Go Broke: The Big Cycle
2025-06-05
If I had to pick the most important chapter from my new book, How Countries Go Broke: The Big Cycle, this would be it. In fact, I think it’s so important that I wanted to make sure it was easily accessible for anyone who might be interested.
Because once you understand the big cycle and how it works, watching events unfold is like watching a movie that you have seen many times before.
That’s because the big cycle is a dynamic that has worked in the same basic way for thousands of years in all countries, driven by the same logical cause-effect relationships. Throughout history, certain forces have come together to drive these cycles and dramatically change the world order.
If you’re interested in learning more, you can buy the book on Amazon
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