623 reactions · 157 shares | So much of our current political and economic climate can be explained by debt cycles— and how those cycles build on each other over time. I explain why in my new book, How Countries Go Broke. But if you’d like more context on how all of these pieces come together, I recommend you watch my 30-minute explainer “How the Economic Machine Works” on YouTube (linked in my bio). | Ray Dalio | Facebook

Being a global macro investor for all these years has required me to gain a practical understanding how economies and markets work. If you’re interested in some of my economic principles, I recommend watching this 30 minute video. I guarantee you will love it, as almost all of the nearly 7 million people who saw it have. | Ray Dalio