Principles for Dealing with the Changing World Order Quotes

“The most important three cycles are the ones I mentioned in the introduction: the long-term debt and capital markets cycle, the internal order and disorder cycle, and the external order and disorder cycle.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“From examining all these cases across empires and across time, I saw that the great empires typically lasted roughly 250 years, give or take 150 years, with big economic, debt, and political cycles within them lasting about 50 to 100 years.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“My examinations of history have taught me that when wealth and values gaps are large and there is an economic downturn, it is likely that there will be a lot of conflict about how to divide the pie.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“could be dramatic. On a Sunday night—August 15, 1971—President Richard Nixon announced that the US would renege on its promise to allow paper dollars to be turned in for gold.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“the swinging of conditions from one extreme to another in a cycle is the norm, not the exception.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“A few years ago, I observed the emergence of a number of big developments that hadn’t happened before in my lifetime but had occurred numerous times in history.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“wealth and power have primarily come more from the combination of education, inventiveness, and capitalism, with those who run governments working with those who control most of the wealth and education.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Martin Baron, then executive editor of The Washington Post, said, “If you have a society where people can’t agree on the basic facts, how do you have a functioning democracy?” This dynamic is impeding free speech because people are afraid to speak up because of how they will be attacked in both traditional and social media by distortions that are meant to bring them down.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“While I think that the odds of the US devolving into a Stage 6 (civil-war-type) dynamic within the next 10 years are only around 30 percent, that is a dangerously high risk that must be”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail

“(I will show you what those big killers were and where they occurred at economicprinciples.org). Note how”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail

“As a principle, debt eats equity.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“I am now in the phase of my life that silently achieving more isn’t as important to me as passing along what I have learned in the hope that it can be of use to others.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“in the markets and in life, to be successful one should bet on the upside that comes from a) evolution that leads to productivity improvements, but not so aggressively that b) cycles and bumps along the way knock you out of the game.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“domestic and military strength go hand in hand. It takes money to buy guns (military power) and it takes money to buy butter (domestic social spending needs). When a country fails to provide adequate amounts of either, it becomes vulnerable to domestic and foreign opposition. From my study of Chinese dynasties and European empires, I’ve learned that the financial strength to outspend one’s rivals is one of the most important strengths a country can have. That is how the United States beat the Soviet Union in the Cold War. Spend enough money in the right ways, and you don’t have to have a shooting war. Long-term success depends on sustaining both the “guns” and the “butter” without producing the excesses that lead to their declines. In other words, a country must be strong enough financially to give its people both a good living standard and protection from outside enemies. The really successful countries have been able to do that for 200 to 300 years. None has been able to do it forever.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“having a reserve currency typically sows the seeds of a country ceasing to be a reserve currency country. That is because it allows the country to borrow more than it could otherwise afford to borrow, and the creation of lots of money and credit to service the debt debases the value of the currency and causes the loss of its status as a reserve currency. The loss of its reserve currency status is a terrible thing because having a reserve currency is one of the greatest powers a country can have because it gives the country enormous buying power and geopolitical power.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail