The Economic Collapse You’ve Been Told Won’t Happen - Ray Dalio

Dalio’s study of 500 years of history reveals that every system — Dutch, British, American — reaches a point where the debts become too large, internal political consensus breaks, and global rivals challenge the existing power. He notes that the US had one civil war and could have another. He doesn't predict a specific collapse date but insists the pattern is as reliable as a life cycle. This is why he wrote 'Principles for Dealing with the Changing World Order' and why he's now making his research public: because the same dynamics are playing out now, and most people are unaware because they haven't lived through a similar period. He sees the current moment as one where the system could still go either way, but the risk is very high, and a downturn would likely accelerate the breakdown.