| Remember that one man’s debts are another man’s assets. That means if you both weaken a currency and produce more of it, the value of that currency decreases. This tradeoff is particularly challenging when a country has a large debt burden, like the U.S. today. In my new book, How Countries Go Broke: The Big Cycle, I outline a plan for how we can navigate this tricky situation. You can find it available to order here: https://bit.ly/3F5OFvN #principles #raydalio #economics #debt |
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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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