Ray Dalio and Bloomberg’s Francine Lacqua Discuss Life, Debt & Global Crisis
2025-10-29
The U.S.’s debts are on the edge of becoming unmanageable to the point where it could default if conditions are not changed.
But this problem isn’t a unique one. 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.
I recently met with Bloomberg @markets ahead of the UN Ocean Conference to discuss our debts, the possibility of global crisis, and the importance of investing in our oceans.
If you’re interested in learning more about our collective debt burden — and what steps we can take to solve these issues — I explain my thinking in my new book, How Countries Go Broke: The Big Cycle.
I hope you will read it and let me know your
Ray Dalio Explains Gold v. Fiat Currencies
2025-09-23
Gold is now the second largest reserve currency, behind the US dollar.
To understand why, you need to look at the history of fiat currencies (like the dollar) and hard currencies (like gold).
The way I see it, we’re currently facing a classic currency devaluation similar to what we saw in the 1970s or the 1930s. In both of those cases, fiat currencies around the world all went down together — and also went down in relationship to hard currencies, like gold.
If events today follow a similar pattern, that makes hard currencies an attractive asset to hold.
At least, that’s how it looks through my eyes. I’m curious to hear what you think.
You can watch the full conversation here: ?feature=shared
My Biggest Failure Became My Strength
2025-08-20
One principle that I’ve really learned is “Pain + Reflect = Progress.”
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