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Ray Dalio

@RayDalio • 2,499,092 subscribers

Official account of Ray Dalio, founder of Bridgewater Associates, author of #1 New York Times bestseller 'Principles,' professional mistake maker

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I had a blast being out until 4am with my family and friends at UNVRS in Ibiza for my 77th birthday and thought I’d pass it along to turn you onto it, in case you’re in the neighborhood.

I had a blast being out until 4am with my family and friends at UNVRS in Ibiza for my 77th birthday and thought I’d pass it along to turn you onto it, in case you’re in the neighborhood.

4,121,442 views

In 10 years, the US government will be $55-60 trillion in debt (which will be 7-7.5 times government revenue) because there will be $25-30 trillion of additional borrowing. That amounts to about $425,000 of debt per American family. When I calculate the supply and demand for this debt, I don’t see enough buyers to buy the debt the US needs to sell, which will cause big problems. We can avoid the worst-case scenario, but we need to act now. To learn more, I encourage you to read my new book, How Countries Go Broke: The Big Cycle. #raydalio #principles #economics #debt

In 10 years, the US government will be $55-60 trillion in debt (which will be 7-7.5 times government revenue) because there will be $25-30 trillion of additional borrowing. That amounts to about $425,000 of debt per American family. When I calculate the supply and demand for this debt, I don’t see enough buyers to buy the debt the US needs to sell, which will cause big problems. We can avoid the worst-case scenario, but we need to act now. To learn more, I encourage you to read my new book, How Countries Go Broke: The Big Cycle. #raydalio #principles #economics #debt

381,784 views

One of my principles is that if you’re worried, you don’t need to worry — and if you’re not worried, you need to worry. That’s because worrying about what can go wrong will protect you and not worrying about what can go wrong will leave you exposed. I’ve found this to be true in business, and in life.

One of my principles is that if you’re worried, you don’t need to worry — and if you’re not worried, you need to worry. That’s because worrying about what can go wrong will protect you and not worrying about what can go wrong will leave you exposed. I’ve found this to be true in business, and in life.

159,256 views

Along with the great group of folks listed here, I’m pleased to be offering 20,000 TisBest Philanthropy Charity Gift Cards (at $50 each) for you to donate to your favorite charities. There are no strings attached. Our hope is simply that you will experience the joy of receiving a charitable gift rather than a traditional one, and you might consider giving charitable gifts to your friends, families, and colleagues. Thanks to Arianna Huffington, Jay Shetty, Jewel, Kevin Systrom, Dr. Mehmet Oz, and Paul Tudor Jones for supporting this campaign to redefine gifting. You can claim the offer here: #RedefineGifting

Along with the great group of folks listed here, I’m pleased to be offering 20,000 TisBest Philanthropy Charity Gift Cards (at $50 each) for you to donate to your favorite charities. There are no strings attached. Our hope is simply that you will experience the joy of receiving a charitable gift rather than a traditional one, and you might consider giving charitable gifts to your friends, families, and colleagues. Thanks to Arianna Huffington, Jay Shetty, Jewel, Kevin Systrom, Dr. Mehmet Oz, and Paul Tudor Jones for supporting this campaign to redefine gifting. You can claim the offer here: #RedefineGifting

184,433 views

Here are timeless and universal truths. Knowing your principles gives you great power. What are your principles? #principles #raydalio #mentor #Geopolitics

Here are timeless and universal truths. Knowing your principles gives you great power. What are your principles? #principles #raydalio #mentor #Geopolitics

55,576 views

The most important thing is that you have the life that you want to have. So, how you define success is important. There isn’t one path that’s right for everyone. I was lucky in the sense that I fell in love with markets and playing the investment the game, which is what I’ve done for 50 years. I recommend that people think about their own nature and what game they’d love to spend years playing. It’s okay to explore different paths—not everyone knows right away. Think of your journey as a process of discovery.

The most important thing is that you have the life that you want to have. So, how you define success is important. There isn’t one path that’s right for everyone. I was lucky in the sense that I fell in love with markets and playing the investment the game, which is what I’ve done for 50 years. I recommend that people think about their own nature and what game they’d love to spend years playing. It’s okay to explore different paths—not everyone knows right away. Think of your journey as a process of discovery.

57,936 views

The New Orleans New Orleans JazzFest is the Best. I love festivals and love this one the most, so I highly recommend it. I started coming 31 years ago and have only missed two because I love it so much. I come with a bunch of friends, our adult kids, and in some cases our and our friends' grandkids - so we've evolved three generations around the festival over three decades and they all love it because it's so great. It's great because it has the best music - all imaginable types from all over the world, including the biggest names (I saw the The Rolling Stones three days ago) and the most talented lesser-known great musicians (like the Meters, the Nevilles, Trombone Shorty playing simultaneously on 9 stages. It's an orgy of great music. And it has the best food -- not just for a festival but for food experiences anywhere. If I had to pick the top place to go for great eating, New Orleans would vie for my top pick. That's because it has the best indigenous food in the US, and the local restaurants have food kiosks at the Fest serving unique delectables like crawfish strudel, soft shell crab po-boys, seafood gumbo, etc. I recommend what I just told you plus a boiled crawfish sack and crawfish monica. And the people's vibe is cool too because the people couldn't be more diverse in ethnic and economic backgrounds while they share the same love of the great fundamentals of music, food, and camaraderie. It is funky - too funky/grungy for some until they settle into all the good stuff. And that's just the Fest. New Orleans has lots of great music clubs and restaurants that we wallow in after the Fest, typically til 2 or 3am. I suffer from FOMO, so I'm challenged here. My favorite music club, my favorite band, and my favorite people are the Preservation Hall Jazz Band. The music is great because the Preservation Hall (which is a tiny converted, old-world residence that holds about 40 people) attracts the best musicians in the world. There's an abundance of exciting flavors here to stimulate all your senses and it's a great place to go with friends. So I suggest you check it out next year. #JazzFest

The New Orleans New Orleans JazzFest is the Best. I love festivals and love this one the most, so I highly recommend it. I started coming 31 years ago and have only missed two because I love it so much. I come with a bunch of friends, our adult kids, and in some cases our and our friends' grandkids - so we've evolved three generations around the festival over three decades and they all love it because it's so great. It's great because it has the best music - all imaginable types from all over the world, including the biggest names (I saw the The Rolling Stones three days ago) and the most talented lesser-known great musicians (like the Meters, the Nevilles, Trombone Shorty playing simultaneously on 9 stages. It's an orgy of great music. And it has the best food -- not just for a festival but for food experiences anywhere. If I had to pick the top place to go for great eating, New Orleans would vie for my top pick. That's because it has the best indigenous food in the US, and the local restaurants have food kiosks at the Fest serving unique delectables like crawfish strudel, soft shell crab po-boys, seafood gumbo, etc. I recommend what I just told you plus a boiled crawfish sack and crawfish monica. And the people's vibe is cool too because the people couldn't be more diverse in ethnic and economic backgrounds while they share the same love of the great fundamentals of music, food, and camaraderie. It is funky - too funky/grungy for some until they settle into all the good stuff. And that's just the Fest. New Orleans has lots of great music clubs and restaurants that we wallow in after the Fest, typically til 2 or 3am. I suffer from FOMO, so I'm challenged here. My favorite music club, my favorite band, and my favorite people are the Preservation Hall Jazz Band. The music is great because the Preservation Hall (which is a tiny converted, old-world residence that holds about 40 people) attracts the best musicians in the world. There's an abundance of exciting flavors here to stimulate all your senses and it's a great place to go with friends. So I suggest you check it out next year. #JazzFest

96,860 views

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Early on, I had to confront some major weaknesses. I have a terrible rote memory—I can't remember anything that doesn't have a clear reason for being what it is. Because of that, I was a bad student and I hated school. Details have always been a mess for me. To supplement my own shortcomings, I learned that I need to surround myself and work with people who are meticulous and detail-oriented. Beyond that, my early audaciousness came with a lot of arrogance—until I got the shit kicked out of me enough times to learn fear. But what I ultimately realized through that process is that your weaknesses don't really matter. What matters is recognizing them, finding the right people to compliment you, and learning from your mistakes. #Principles #SelfAwareness #RadicalTruth #RayDalio

Early on, I had to confront some major weaknesses. I have a terrible rote memory—I can't remember anything that doesn't have a clear reason for being what it is. Because of that, I was a bad student and I hated school. Details have always been a mess for me. To supplement my own shortcomings, I learned that I need to surround myself and work with people who are meticulous and detail-oriented. Beyond that, my early audaciousness came with a lot of arrogance—until I got the shit kicked out of me enough times to learn fear. But what I ultimately realized through that process is that your weaknesses don't really matter. What matters is recognizing them, finding the right people to compliment you, and learning from your mistakes. #Principles #SelfAwareness #RadicalTruth #RayDalio

90,348 views • 1 day ago

When I talk with a "Shaper" like Elon Musk, what stands out is the ability to operate at both the big-picture level and the granular detail. I remember him walking me through the details of his car—from the screen to the button—and in the same breath talking about putting a watering can with a plant on a rocket to send to Mars just to establish "first life on Mars" and inspire people. True shapers naturally bridge the gap between grand vision and high-level execution. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #ElonMusk #Vision #Leadership

When I talk with a "Shaper" like Elon Musk, what stands out is the ability to operate at both the big-picture level and the granular detail. I remember him walking me through the details of his car—from the screen to the button—and in the same breath talking about putting a watering can with a plant on a rocket to send to Mars just to establish "first life on Mars" and inspire people. True shapers naturally bridge the gap between grand vision and high-level execution. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #ElonMusk #Vision #Leadership

139,270 views • 9 days ago

Yes, we are past the point of no return. When debt service payments squeeze out spending, it is like plaque in the circulatory system squeezing out the flow of blood. It is the same kind of thing, and it can be measured. We are seeing that happen right now. There is also a supply and demand issue. A budget deficit means that debt has to be sold. We can see this happening in the bond market—bonds have been a bad investment, and there is pressure on interest rates and borrowing. This dynamic is happening, but people are treating it like it hasn't happened before. They don't understand that, just like plaque in the arteries, the debt builds up and they have that exposure.

Yes, we are past the point of no return. When debt service payments squeeze out spending, it is like plaque in the circulatory system squeezing out the flow of blood. It is the same kind of thing, and it can be measured. We are seeing that happen right now. There is also a supply and demand issue. A budget deficit means that debt has to be sold. We can see this happening in the bond market—bonds have been a bad investment, and there is pressure on interest rates and borrowing. This dynamic is happening, but people are treating it like it hasn't happened before. They don't understand that, just like plaque in the arteries, the debt builds up and they have that exposure.

514,476 views • 1 month ago

To collaborate successfully, you have to do three things: First, put your honest thoughts on the table for everybody to look at. Everyone's thoughts are different, and you have to be willing to look at them openly. Second, know the art of thoughtful disagreement. Ask yourself: how do you work through disagreements to get a better answer than you would have come up with individually? Third, if the disagreements remain, you have to have protocols for getting past that. In our case, we have an "idea meritocracy" through believability-weighted decision-making. When you have a system where the best ideas win out, the results are going to be so much better than if you just stuck with the ideas inside your own head. #Collaboration #IdeaMeritocracy #Teamwork #RayDalio

To collaborate successfully, you have to do three things: First, put your honest thoughts on the table for everybody to look at. Everyone's thoughts are different, and you have to be willing to look at them openly. Second, know the art of thoughtful disagreement. Ask yourself: how do you work through disagreements to get a better answer than you would have come up with individually? Third, if the disagreements remain, you have to have protocols for getting past that. In our case, we have an "idea meritocracy" through believability-weighted decision-making. When you have a system where the best ideas win out, the results are going to be so much better than if you just stuck with the ideas inside your own head. #Collaboration #IdeaMeritocracy #Teamwork #RayDalio

89,154 views • 8 days ago

In order to be successful, you have to do five things. There’s a sequence to it. 1. Have (audacious) goals. 2. Identify and don't tolerate problems. 3. Diagnose the problems to get at their root causes. 4. Design a path to fix those things. 5. Push through to results. This is what I call looping. Go for your goals, identify your problems, get to the root cause, design a path, and push through. Life is basically just doing that over and over again. If you do that, you'll make the advances. #Principles #RayDalio #PersonalGrowth

In order to be successful, you have to do five things. There’s a sequence to it. 1. Have (audacious) goals. 2. Identify and don't tolerate problems. 3. Diagnose the problems to get at their root causes. 4. Design a path to fix those things. 5. Push through to results. This is what I call looping. Go for your goals, identify your problems, get to the root cause, design a path, and push through. Life is basically just doing that over and over again. If you do that, you'll make the advances. #Principles #RayDalio #PersonalGrowth

361,161 views • 1 month ago

What makes a "Shaper"? It’s a unique personality type—people who are driven by the compulsive thrill of taking an idea from visualization to actualization. For these people, it’s not about security or making money; it’s about the thrill of the climb. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #Principles #SuccessMindset #Entrepreneurship

What makes a "Shaper"? It’s a unique personality type—people who are driven by the compulsive thrill of taking an idea from visualization to actualization. For these people, it’s not about security or making money; it’s about the thrill of the climb. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #Principles #SuccessMindset #Entrepreneurship

89,986 views • 13 days ago

While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it. Second, it also has a high correlation with tech stocks. When investors get squeezed in other areas of their portfolio, they sell their Bitcoin to cover it. Third, it’s a relatively small and controllable market, whereas gold stands alone. There is only one gold. Ultimately, gold is more widely held, deeply established, and still plays a central role in the global system.

While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it. Second, it also has a high correlation with tech stocks. When investors get squeezed in other areas of their portfolio, they sell their Bitcoin to cover it. Third, it’s a relatively small and controllable market, whereas gold stands alone. There is only one gold. Ultimately, gold is more widely held, deeply established, and still plays a central role in the global system.

760,883 views • 3 months ago

When I look back at my life, reflect, and think about what has been best for me, I realize that the money, the track record, and the work we did for clients were all great. But the best part has still been the relationships. Those honest relationships are deeper and better because of tough love. Tough love is the best love because it comes from a place of truly caring. When people know that it is caring, and you couple that care with the tough truths, you can go through it together. That is incredibly powerful. In this video, you can see how meaningful these concepts are when put into practice. #ToughLove #RadicalCandor #Relationships #RayDalio

When I look back at my life, reflect, and think about what has been best for me, I realize that the money, the track record, and the work we did for clients were all great. But the best part has still been the relationships. Those honest relationships are deeper and better because of tough love. Tough love is the best love because it comes from a place of truly caring. When people know that it is caring, and you couple that care with the tough truths, you can go through it together. That is incredibly powerful. In this video, you can see how meaningful these concepts are when put into practice. #ToughLove #RadicalCandor #Relationships #RayDalio

91,090 views • 14 days ago

The first stock I ever bought was the only company I’d heard of selling for under $5 a share. I stupidly believed that if I bought more shares, I’d make more money if it went up. It was about to go bankrupt, but another company acquired it and it tripled in price. I thought, "I like this game—it must be easy." Look at the Wall Street Journal with thousands of stocks; surely I can just pick one or two that go up! That's how I got started. It didn't take long to realize the game wasn't easy at all—but by then, I was completely hooked. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #Investing #Markets #Mindset

The first stock I ever bought was the only company I’d heard of selling for under $5 a share. I stupidly believed that if I bought more shares, I’d make more money if it went up. It was about to go bankrupt, but another company acquired it and it tripled in price. I thought, "I like this game—it must be easy." Look at the Wall Street Journal with thousands of stocks; surely I can just pick one or two that go up! That's how I got started. It didn't take long to realize the game wasn't easy at all—but by then, I was completely hooked. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #Investing #Markets #Mindset

122,066 views • 19 days ago

I’ve been practicing meditation for a long time, and it has easily been one of the most powerful things that’s helped me in my life. It provides an equanimity—almost like being a ninja. Everything slows down around you, and you are able to deal with whatever comes at you from a place of calm. More importantly, it opens up a connection between your conscious brain and your subconscious brain. That is where the magic is, because that is where all creativity is trapped. When you quiet your mind and move past the noise, you open up that channel. It’s a very simple exercise. If you ask me if I would be at the same level of success without it all these years, I don't believe I’d be close. #Meditation #Principles

I’ve been practicing meditation for a long time, and it has easily been one of the most powerful things that’s helped me in my life. It provides an equanimity—almost like being a ninja. Everything slows down around you, and you are able to deal with whatever comes at you from a place of calm. More importantly, it opens up a connection between your conscious brain and your subconscious brain. That is where the magic is, because that is where all creativity is trapped. When you quiet your mind and move past the noise, you open up that channel. It’s a very simple exercise. If you ask me if I would be at the same level of success without it all these years, I don't believe I’d be close. #Meditation #Principles

164,400 views • 29 days ago

After spending time in Washington, DC discussing the budget deficit with senior people on both sides of the aisle, it’s clear to me that we are unlikely to change the debt trajectory we’re on and avoid the painful consequences. While virtually everyone agrees on the need to address our debt problem in a balanced way that includes tax increases and cuts to benefits, they also agree that they cannot speak up because politics have become absolutist. We must find a solution around absolutist pledges like, ”I will not raise taxes,” or “I will not reduce benefits,” when they are desperately needed.

After spending time in Washington, DC discussing the budget deficit with senior people on both sides of the aisle, it’s clear to me that we are unlikely to change the debt trajectory we’re on and avoid the painful consequences. While virtually everyone agrees on the need to address our debt problem in a balanced way that includes tax increases and cuts to benefits, they also agree that they cannot speak up because politics have become absolutist. We must find a solution around absolutist pledges like, ”I will not raise taxes,” or “I will not reduce benefits,” when they are desperately needed.

2,400,281 views • 1 year ago

I’m really excited about what’s going on with Digital Ray, which is my digital twin. I'm creating this so that everyone can have as much contact and as many conversations with me as they want—unlimited amounts, in the same sort of way that I do it. Eventually, it’s going to be a lot smarter than I am. This is all part of the evolutionary process. It’s still a bit experimental, but it really is something. If you want to have unlimited conversations with me, go online and try it. I also highly recommend taking the Principles You personality test. It’s online and only takes about 20 or 30 minutes. It will tell you all about your characteristics and inclinations. Integrating your assessment with Digital Ray allows for highly personalized guidance in Coach Mode, tailored to your unique needs across life and work. You can find a link here: #DigitalRay #ArtificialIntelligence #PrinciplesYou #RayDalio

I’m really excited about what’s going on with Digital Ray, which is my digital twin. I'm creating this so that everyone can have as much contact and as many conversations with me as they want—unlimited amounts, in the same sort of way that I do it. Eventually, it’s going to be a lot smarter than I am. This is all part of the evolutionary process. It’s still a bit experimental, but it really is something. If you want to have unlimited conversations with me, go online and try it. I also highly recommend taking the Principles You personality test. It’s online and only takes about 20 or 30 minutes. It will tell you all about your characteristics and inclinations. Integrating your assessment with Digital Ray allows for highly personalized guidance in Coach Mode, tailored to your unique needs across life and work. You can find a link here: #DigitalRay #ArtificialIntelligence #PrinciplesYou #RayDalio

245,205 views • 1 month ago

No matter where you are in life or business, it helps to pause and reflect on why you’re doing what you’re doing. For me at 76, my goal is simple: to pass along whatever I’ve learned to help others succeed. When you understand that Pain + Reflection = Progress, and you learn how to work with people who compliment your nature, you unlock real success. Credit: Sam Parr, Shaan Puri , and My First Million #RayDalio #Principles #Leadership

No matter where you are in life or business, it helps to pause and reflect on why you’re doing what you’re doing. For me at 76, my goal is simple: to pass along whatever I’ve learned to help others succeed. When you understand that Pain + Reflection = Progress, and you learn how to work with people who compliment your nature, you unlock real success. Credit: Sam Parr, Shaan Puri , and My First Million #RayDalio #Principles #Leadership

99,667 views • 26 days ago

It's now happening. The existing fiat monetary order, the domestic political order, and the international geopolitical order are all breaking down, so we are at the brink of wars. It all is happening because of the Big Cycle that is driven by the five big forces I've described repeatedly and laid out in detail in my book and Youtube video titled Principles for Dealing with The Changing World Order. You can find the video linked in the comments below.

It's now happening. The existing fiat monetary order, the domestic political order, and the international geopolitical order are all breaking down, so we are at the brink of wars. It all is happening because of the Big Cycle that is driven by the five big forces I've described repeatedly and laid out in detail in my book and Youtube video titled Principles for Dealing with The Changing World Order. You can find the video linked in the comments below.

742,354 views • 7 months ago

In 1971, the US ran out of money and defaulted on its debts. Now, they didn’t say it that way. But by moving away from the gold standard, money as we understood it ended. I expected the stock market to plunge, but it went on to rise nearly 25%. That surprised me. But when I looked into it, I discovered the exact same thing happened in 1933 and it had the exact same effect. Here’s why.

In 1971, the US ran out of money and defaulted on its debts. Now, they didn’t say it that way. But by moving away from the gold standard, money as we understood it ended. I expected the stock market to plunge, but it went on to rise nearly 25%. That surprised me. But when I looked into it, I discovered the exact same thing happened in 1933 and it had the exact same effect. Here’s why.

986,805 views • 9 months ago

My view is that buying and holding real estate is not an effective investment strategy in our current economic environment, for a few reasons. 1) Real estate is more interest rate sensitive than it is inflation sensitive, so given our current circumstances it is likely to go down in real terms 2) It is a fixed asset that is easy to tax, which limits its impacts on your ability to diversify 3) Real estate is nailed down, so investing in it makes it more difficult to move money from one place to another That’s my view, in a nutshell. I’m curious to hear if you agree. #GovernmentDebt #debt #principles

My view is that buying and holding real estate is not an effective investment strategy in our current economic environment, for a few reasons. 1) Real estate is more interest rate sensitive than it is inflation sensitive, so given our current circumstances it is likely to go down in real terms 2) It is a fixed asset that is easy to tax, which limits its impacts on your ability to diversify 3) Real estate is nailed down, so investing in it makes it more difficult to move money from one place to another That’s my view, in a nutshell. I’m curious to hear if you agree. #GovernmentDebt #debt #principles

1,033,068 views • 1 year ago

The World Cup games are really something else. Beyond the competition and the games themselves—which are fantastic—there’s this incredible element of how people from different countries interact with each other. People bring their unique personalities and nationalities, and everyone just gets along with so much respect. Whether it’s the Scots bringing their spirit and bagpipes to the games, or the Japanese fans cleaning up the stadium after a match, it’s a beautiful reflection of what the United Nations—and all countries—should be. It brings out a joy, laughter, and a warmth that gives us a real element of optimism. We should learn from this whole experience of what it's like to be together, and how we can be together. #WorldCup #soccer #raydalio

The World Cup games are really something else. Beyond the competition and the games themselves—which are fantastic—there’s this incredible element of how people from different countries interact with each other. People bring their unique personalities and nationalities, and everyone just gets along with so much respect. Whether it’s the Scots bringing their spirit and bagpipes to the games, or the Japanese fans cleaning up the stadium after a match, it’s a beautiful reflection of what the United Nations—and all countries—should be. It brings out a joy, laughter, and a warmth that gives us a real element of optimism. We should learn from this whole experience of what it's like to be together, and how we can be together. #WorldCup #soccer #raydalio

175,782 views • 2 months ago

I believe we are currently on the brink. We are entering a particularly risky period expected between the 2026 midterm election and the 2028 presidential election. At the same time, the monetary situation is becoming increasingly threatening. The U.S. government currently spends $7 trillion while only taking in approximately $5 trillion, resulting in 40% overspending. While the government has a significant amount of debt to finance, the demand for that debt is falling. This decline in demand is driven by standard supply and demand factors, as well as fears from debt holders regarding potential sanctions. #geopolitics Ed Elson

I believe we are currently on the brink. We are entering a particularly risky period expected between the 2026 midterm election and the 2028 presidential election. At the same time, the monetary situation is becoming increasingly threatening. The U.S. government currently spends $7 trillion while only taking in approximately $5 trillion, resulting in 40% overspending. While the government has a significant amount of debt to finance, the demand for that debt is falling. This decline in demand is driven by standard supply and demand factors, as well as fears from debt holders regarding potential sanctions. #geopolitics Ed Elson

204,862 views • 2 months ago

History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where: 1) The empire can no longer borrow the money to repay its debts 2) It prints a lot of new money, which devalues the currency and raises inflation 3) Living standards decline, leading to the rise of political extremism 4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources 5) Populist leaders emerge pledging to take control and bring about order

History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where: 1) The empire can no longer borrow the money to repay its debts 2) It prints a lot of new money, which devalues the currency and raises inflation 3) Living standards decline, leading to the rise of political extremism 4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources 5) Populist leaders emerge pledging to take control and bring about order

749,684 views • 9 months ago

In order to understand the full picture of how the world order is changing, I would urge you to watch this five-minute clip, or the complete 40-minute animated video called "Principles for Dealing with Changing World Order." And if you want an even more complete explanation, you can check out my book of the same title. #principles #politics #economics

In order to understand the full picture of how the world order is changing, I would urge you to watch this five-minute clip, or the complete 40-minute animated video called "Principles for Dealing with Changing World Order." And if you want an even more complete explanation, you can check out my book of the same title. #principles #politics #economics

1,245,176 views • 1 year ago