NEW YORK TIMES BESTSELLING AUTHOR

HOW COUNTRIES
GO 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

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

CNN Fareed Zakaria GPS

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

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.

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.

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.

Bloomberg Wall Street Week

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

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.

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.

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.

ENDORSEMENTS

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.

LARRY SUMMERS Former U.S. Secretary of the Treasury

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.

HANK PAULSON Former U.S. Secretary of the Treasury

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.

TIMOTHY GEITHNER Former U.S. Secretary of the Treasury

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.