Ray Dalio

Of course, it's so much better. Like who doesn't like spending? You give credit. It's the paying back that's the problem, right?

Of course, it's so much better. Like who doesn't like spending? You give credit. It's the paying back that's the problem, right?

Give you credit.

Give you credit.

Give you credit.

The government is deeply in that. We are in an environment that's similar to zero interest rate that could be measured by how much debt is the government getting into, how much credit. We love credit.

The government is deeply in that. We are in an environment that's similar to zero interest rate that could be measured by how much debt is the government getting into, how much credit. We love credit.

The government is deeply in that. We are in an environment that's similar to zero interest rate that could be measured by how much debt is the government getting into, how much credit. We love credit.

I think the important thing to understand is the mechanics by that I mean that it works the same for governments as it works for people with two differences. One difference is the government can print money. But you don't increase wealth by printing money. You just lessen the value of money. So you make it easier to pay back, but you experience it through inflation.

I think the important thing to understand is the mechanics by that I mean that it works the same for governments as it works for people with two differences. One difference is the government can print money. But you don't increase wealth by printing money. You just lessen the value of money. So you make it easier to pay back, but you experience it through inflation.

I think the important thing to understand is the mechanics by that I mean that it works the same for governments as it works for people with two differences. One difference is the government can print money. But you don't increase wealth by printing money. You just lessen the value of money. So you make it easier to pay back, but you experience it through inflation.

And the second difference is the government can take your money so they can tax you. Those are the differences. But it works the same for individuals. So, yes, if you keep getting deeper and deeper into debt, you have debt payments problems. Yeah. It's $1 trillion is the interest bill, which is greater than the amount of money we're spending on defense, $1 trillion.

And the second difference is the government can take your money so they can tax you. Those are the differences. But it works the same for individuals. So, yes, if you keep getting deeper and deeper into debt, you have debt payments problems. Yeah. It's $1 trillion is the interest bill, which is greater than the amount of money we're spending on defense, $1 trillion.

And the second difference is the government can take your money so they can tax you. Those are the differences. But it works the same for individuals. So, yes, if you keep getting deeper and deeper into debt, you have debt payments problems. Yeah. It's $1 trillion is the interest bill, which is greater than the amount of money we're spending on defense, $1 trillion.

And then because of expiring debt, we have to sell to replace that debt another $9 trillion. Right. And then we have to borrow new money. So it's a lot of money.

And then because of expiring debt, we have to sell to replace that debt another $9 trillion. Right. And then we have to borrow new money. So it's a lot of money.

And then because of expiring debt, we have to sell to replace that debt another $9 trillion. Right. And then we have to borrow new money. So it's a lot of money.

Yes. I'm just a mechanic. And the way I look at it is as you create lower interest rates, you create problems for those who are lenders. One man's debt is another man's asset.

Yes. I'm just a mechanic. And the way I look at it is as you create lower interest rates, you create problems for those who are lenders. One man's debt is another man's asset.

Yes. I'm just a mechanic. And the way I look at it is as you create lower interest rates, you create problems for those who are lenders. One man's debt is another man's asset.