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Ray Dalio Talks with CNBC's Squawk Box About How the System Breaks Down Once a Lifetime
Economic Cycles - The industry observes that economic cycles occur approximately once in a lifetime due to breakdowns in established systems [1] - These breakdowns create cyclical patterns [1] Debt and Monetary Systems - The industry notes the existence of monetary systems and debt cycles [2] - One entity's debt represents another's assets [2] - The industry identifies a debt issue arising from unsustainable debt accumulation [2]
Will The US Dollar Be The Reserve Currency in 10 Years? 🤔
Reserve Currency Status - The US dollar is expected to remain the world's reserve currency in 10 years due to the difficulty of quickly replacing reserve currencies [1] - The percentage of reserves represented by the US dollar is expected to slightly decrease in 10 years [1] - The US dollar's reserve percentage has already decreased from 80% to 70% [1] Alternative Currencies - A credible alternative to the US dollar is needed to replace it [2] - The Euro is currently the only credible alternative, but Europe needs to improve its coordination [2]