*** THE #1 NEW YORK TIMES BESTSELLER *** ' Advance copies of Ray Dalio’s new book about
how countries go broke have become a hot read in Washington' New York Times An urgent
warning about the global economy from Ray Dalio the #1 New York Times bestselling author of
Principles . Do big government debts threaten our collective well-being? Are 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? For 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. Dalio' s model points toward surprisingly straightforward solutions for
dealing with the debt problems that the US Europe Japan and China face today. How Countries
Go Broke 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 improve your
understanding of what' s happening now and what to do about it. ' This book is a gift
to humanity . . . Ray provides a solution to what is the biggest and most certain threat to our
prosperity' Henry M. Paulson Jr. ' An invaluable resource for policymakers investors
and citizens' Lawrence H. Summers
