#1 New York Times Bestseller
HOW COUNTRIES
GO BROKE
The Big Cycle
GO BROKE
Most countries experience debt crises and go broke for the same reasons. But because the mechanics at play occur so infrequently, most people don't recognize what's happening in real-time.
Ray Dalio, legendary investor who anticipated the 2008 global financial crisis and 2011 European debt crisis, has now described these mechanics in his new book, How Countries Go Broke: The Big Cycle — and he worries the US may be next.
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CONVERSATIONS ON HOW COUNTRIES GO BROKE
NBC Meet the Press
Ray sits down with Kristen Welker to share his thoughts on how we can avoid the breakdown of the existing monetary and geopolitical order.
CNN Fareed Zakaria GPS
Ray joins the show to discuss the impacts of US tariff policy on our long-term economic outlook.
CNBC Squawk Box with Andrew Ross Sorkin
Ray and Andrew discuss US-China relations against the backdrop of the new US tariff policy and existing debt issue.
CNBC Squawk Box from Davos
Ray joins 'Squawk Box' to discuss the state of the US & global economies and the need for reducing budget deficits through his 3% solution.
All-In Podcast: with David Friedberg
Ray joins the show to discuss the current US debt situation and risks, how AI will impact productivity, and the chances of conflict between the US and China.
Bloomberg Wall Street Week
Ray talks through his new book, "How Countries Go Broke", and shares how the US can avoid that fate.
Impact Theory: with Tom Bilyeu
Ray and Tom discuss the global political and economic order, and why now is the time to avert a debt crisis in the U.S. and around the world.
Moonshots with Peter Diamandis
Ray and Peter discuss the impact of technology on the economy, how to successfully navigate debt cycles, and how events may unfold from here.
World Governments Summit with Tucker Carlson
Ray joins Tucker live on stage to discuss how the US must cut debt now or face an economic heart attack.
ENDORSEMENTS
Ray Dalio's brilliant, iconoclastic approach to understanding financial markets and the economy has richly rewarded him with the predictive powers that made him one of the great investors of our time. This book distills his insights and applies them to the current perilous moment. It is an invaluable resource for policy makers, investors, and citizens.
Ray provides a solution to what is the biggest and most certain threat to our prosperity--the ticking debt bomb. No one understands markets and fiscal cycles better than Ray. His book is a must read for policy makers and anyone who wants to dig deep and learn. This book is a gift to humanity.
Everything Ray Dalio writes is compelling reading for the investor and the policymaker. This is an excellent and bracing study of one of the toughest and most dangerous set of policy risks, adding to his already valuable work on what drives the rise and demise of markets, economies and empires.
Ray is my go-to voice for understanding everything going on in the world right now. His new book is a must-read.
This book should be a must read for every member of Congress, everybody in the administration, everyone who wants to understand how important this issue is.
Policymakers would do well to pay attention to his concerns. On the unsustainable US fiscal trajectory...Dalio’s medicine seems surprisingly digestible.
Ray Dalio is issuing an exceedingly important warning about how countries go broke, how that pertains to the U.S., and what needs to be done to change course. His nonpartisan insights are grounded in experience and analysis—let’s hope every lawmaker reads this book before they consider voting to add even another dollar to the national debt.
Ray Dalio has a special talent for identifying the key questions of our time.
Mr. Dalio has managed to identify metrics from history that can be applied to understand today.
How Countries Go Broke
Citations and bibliography
Citations, notes, and sources from Principles for How Countries Go Broke: The Big Cycle.
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