How Countries Go Broke by Ray Dalio | audiobook summary | The Big Cycle

Ray Dalio, one of the greatest investors of our time who anticipated the 2008 global financial crisis and the 2010–12 European debt crisis, shares for the first time his detailed explanation of what he calls the “Big Debt Cycle.” Understanding this cycle is critical for helping policymakers, investors, and the general public grasp where we are and where we are headed with the debt issue. The current world order, which began in 1945, is in "Stage 5" of its life cycle—about 90 to 95 percent of the way through. This is the stage right before, in his words, "great conflicts and seismic shifts." He argues that the current mix of massive debt, internal political division, and international tension is most similar to the 1930s. He also says we're at a moment of "maximum uncertainty". Thankyou for watching. Please Subscribe :) ----------- We create book summaries and commentary content for learning purposes. 📩 Copyright Concerns? Please email: [email protected] We respect the rights of all creators and will gladly remove any content upon request. As an Amazon Associate I earn from qualifying purchases. If you want to buy the book to learn more , check out the full book here : How Countries Go Broke : https://amzn.to/3FOacK1 If you are more into Audiobooks, you can get this audiobook for a free Audible trial with the link below : https://amzn.to/3CZlgia ----------- 00:00 Introduction 02:51 Overview of the Big Debt Cycle 21:09 The Archetypical Sequence Leading to Central Governments and Central Banks Going Broke 50:41 Looking Back 01:39:31 Looking Ahead ----------- #booksummary #bookreview #audiobook #business #money