{"product_id":"how-countries-go-broke-principles-ray-dalio","title":"How Countries Go Broke by Ray Dalio","description":"\u003ch2\u003eHow Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do by Ray Dalio\u003c\/h2\u003e\n\u003cp\u003eAn urgent warning about the American economy from \u003cstrong\u003eRay Dalio,\u003c\/strong\u003e the #1 New York Times bestselling author of Principles.\u003c\/p\u003e\n\u003ch2\u003eDo big government debts threaten our collective well-being?\u003c\/h2\u003e\n\u003cp\u003eAre there limits to debt growth? Can a big, important reserve currency country like the United States really go broke—and what would that look like?\u003c\/p\u003e\n\u003cp\u003eFor decades, politicians, policymakers, and investors have debated these questions, but the answers have eluded them. In this groundbreaking book, 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.\u003c\/p\u003e\n\u003ch3\u003eDalio’s model points toward surprisingly straightforward solutions for dealing with the debt problems that the US, Europe, Japan, and China face today.\u003c\/h3\u003e\n\u003cp\u003e\u003cem\u003eHow Countries Go Broke\u003c\/em\u003e also shows how these debt problems are related to the other forces—political within countries, geopolitical between countries, natural (droughts, floods, and pandemics), and technological (most importantly, AI)—that together are causing what Dalio calls the “Overall Big Cycle” changes in the world order. By reading this book, you will \u003cstrong\u003eimprove your understanding of what’s happening now \u003c\/strong\u003eand what to do about it.\u003c\/p\u003e","brand":"Bust-Down Books","offers":[{"title":"Default Title","offer_id":50306363621691,"sku":"1501124064","price":32.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0855\/2077\/7531\/files\/9781501124068.jpg?v=1747605372","url":"https:\/\/bustdownbooks.com\/products\/how-countries-go-broke-principles-ray-dalio","provider":"Bust-Down Books","version":"1.0","type":"link"}