Principles for Dealing with the Changing World Order

Ray Dalio watched Nixon kill the Bretton Woods system in 1971 and bet on market collapse; the next day stocks surged four percent. That humiliation launched a fifty-year study of why empires rise and fall. The Big Cycle framework maps three interlocking forces: the long-term debt cycle, the internal order cycle, and the external order cycle. From the Dutch East India Company's 1602 invention of public equity to the Bank of Amsterdam's secret insolvency in 1783, from Germany's total wealth wipeout by 1923 to China's Century of Humiliation, the pattern repeats.

You'll learn:

- Why the U.S. currently sits in Stage 5 of six

- How reserve currencies die through inflation, not default

- What gold's 1.6% real return reveals about survival