ON THE ROAD AGAIN....
Credit: H. Lawrence March 4, 2026 Perdition: the state of eternal damnation, hell or utter ruin . Ray Dalio, a prolific writer about the world's economies, founder of the world's largest hedge fund, frequent interviewee (see many YouTube videos) and creator of financially oriented animated videos viewed by over 200 million people, published a book last year called " How Countries Go Broke, The Big Debt Cycle ." This post addresses his research on the collapse of thirty-five nations over the last hundred years in which either governments and/or their central banks went broke. Dalio points to a repeating sequence of events that follow the end of Big Debt Cycles triggering each of those national collapses: 1. The private and government sectors get deeply in debt. 2. The private sector suffers a debt crisis of some sort (e.g., massive loan repayment defaults, bank lending crisis) and the government goes deeper into debt ...