Ray Dalio

are worth keeping in mind.

So they look a lot alike to me.

So when I look at it and I look at the 30s, I think there's a lot to be learned about that particular dynamic.

I think one shouldn't just believe a cycle's going to

follow.

I think it's almost like a life cycle.

Each person's life cycle is somewhat different, and it's caused by symptoms and conditions that could be measured.

So you can look at the economy.

You can look at the numbers themselves and see the health indicators.

And that's what I did in the books I wrote and so on.

So you can look at them directly.

You can see how much, like a doctor taking a CAT scan of a circulatory system, you could see how it's squeezing out.

You can see the supply-demand.

You can see this dynamic happening.

You can see it politically.

You can see it globally.

So you could see those breakdowns, okay?

You have to then put them in the context, I think, of what the process is.

What does a country do when it doesn't have enough money?

Okay, there are a limited number of things.