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hamburger icon close icon HOW COUNTRIES GO BROKE THE CHANGING WORLD ORDER ECONOMIC MACHINE ABOUT SUBSCRIBE HOW COUNTRIES GO BROKE THE CHANGING WORLD ORDER ECONOMIC MACHINE ABOUT SUBSCRIBE Read a 5-minute Synopsis on the book #1 New York Times Bestseller HOW COUNTRIESGO BROKE The Big Cycle

Most countries experience debt crises and go broke for the same reasons. But because the mechanics at play occur so infrequently, most people don't recognize what's happening in real-time.

Ray Dalio, legendary investor who anticipated the 2008 global financial crisis and 2011 European debt crisis, has now described these mechanics in his new book, How Countries Go Broke: The Big Cycle — and he worries the US may be next.

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CONVERSATIONS ON HOW COUNTRIES GO BROKE

NBC Meet the Press

NBC Meet the Press

Ray sits down with Kristen Welker to share his thoughts on how we can avoid the breakdown of the existing monetary and geopolitical order.

Watch Video CNN Fareed Zakaria GPS

CNN Fareed Zakaria GPS

Ray joins the show to discuss the impacts of US tariff policy on our long-term economic outlook.

Watch Video CNBC Squawk Box with Andrew Ross Sorkin

CNBC Squawk Box with Andrew Ross Sorkin

Ray and Andrew discuss US-China relations against the backdrop of the new US tariff policy and existing debt issue.

Watch Video CNBC Squawk Box from Davos

CNBC Squawk Box from Davos

Ray joins 'Squawk Box' to discuss the state of the US & global economies and the need for reducing budget deficits through his 3% solution.

Watch Video All-In Podcast: with David Friedberg

All-In Podcast: with David Friedberg

Ray joins the show to discuss the current US debt situation and risks, how AI will impact productivity, and the chances of conflict between the US and China.

Watch Video Bloomberg Wall Street Week

Bloomberg Wall Street Week

Ray talks through his new book, "How Countries Go Broke", and shares how the US can avoid that fate.

Watch Video Impact Theory: with Tom Bilyeu

Impact Theory: with Tom Bilyeu

Ray and Tom discuss the global political and economic order, and why now is the time to avert a debt crisis in the U.S. and around the world.

Watch Video Moonshots with Peter Diamandis

Moonshots with Peter Diamandis

Ray and Peter discuss the impact of technology on the economy, how to successfully navigate debt cycles, and how events may unfold from here.

Watch Video World Governments Summit with Tucker Carlson

World Governments Summit with Tucker Carlson

Ray joins Tucker live on stage to discuss how the US must cut debt now or face an economic heart attack.

Watch Video

ENDORSEMENTS

quote Ray Dalio's brilliant, iconoclastic approach to understanding financial markets and the economy has richly rewarded him with the predictive powers that made him one of the great investors of our time. This book distills his insights and applies them to the current perilous moment. It is an invaluable resource for policy makers, investors, and citizens. Endorsement 1 LARRY SUMMERS Former U.S. Secretary of the Treasury quote Ray provides a solution to what is the biggest and most certain threat to our prosperity--the ticking debt bomb. No one understands markets and fiscal cycles better than Ray. His book is a must read for policy makers and anyone who wants to dig deep and learn. This book is a gift to humanity. Endorsement 1 HANK PAULSON Former U.S. Secretary of the Treasury quote Everything Ray Dalio writes is compelling reading for the investor and the policymaker. This is an excellent and bracing study of one of the toughest and most dangerous set of policy risks, adding to his already valuable work on what drives the rise and demise of markets, economies and empires. Endorsement 1 TIMOTHY GEITHNER Former U.S. Secretary of the Treasury quote Ray is my go-to voice for understanding everything going on in the world right now. His new book is a must-read. Endorsement 1 TONY ROBBINS American Author quote This book should be a must read for every member of Congress, everybody in the administration, everyone who wants to understand how important this issue is. Endorsement 1 JOE SCARBOROUGH TV Host & Former U.S. Representative quote Policymakers would do well to pay attention to his concerns. On the unsustainable US fiscal trajectory...Dalio’s medicine seems surprisingly digestible. Endorsement 1 FINANCIAL TIMES quote Ray Dalio is issuing an exceedingly important warning about how countries go broke, how that pertains to the U.S., and what needs to be done to change course. His nonpartisan insights are grounded in experience and analysis—let’s hope every lawmaker reads this book before they consider voting to add even another dollar to the national debt. Endorsement 1 MAYA MACGUINEAS President of the Committee for a Responsible Federal Budget quote Ray Dalio has a special talent for identifying the key questions of our time. Endorsement 1 HENRY KISSINGER Former U.S. Secretary of State quote Mr. Dalio has managed to identify metrics from history that can be applied to understand today. Endorsement 1 ANDREW ROSS SORKIN Journalist & NY Times Columnist

How Countries Go Broke

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