Keep pulling the thread on Ray Dalio.
The post-1945 world order, which established multilateral institutions like the United Nations and the World Bank, is breaking down.
Ray Dalio predicts that over the next five years, the world will experience a major transformation into a new reality, driven by the confluence of five major historical forces.
The United States and other developed nations are in the late stage of a long-term debt cycle, characterized by spending far more than they earn.
The total value of global wealth is approximately 850% of the total money supply, creating a potential systemic risk.
The greatest threat to the United States is not an external power like China, but rather internal conflict among Americans.
The United States and China are currently engaged in a trade war, a technology war, and a financial war.
Ray Dalio believes all fiat currencies are in trouble because they are forms of debt, and there is currently too much debt in the global system.
The current AI revolution will have a faster and larger impact than the Industrial Revolution.
The current investment boom in artificial intelligence is creating a financial bubble and exacerbating wealth inequality.
On August 15, 1971, President Richard Nixon announced that the United States would default on its obligation to exchange US dollars for gold.
China, as a major creditor to the United States, may perceive its holdings of US bonds as vulnerable to sanctions or devaluation.
The United Kingdom has had four prime ministers in the last five years, which reflects the political difficulty of addressing its fundamental fiscal problems.