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Ray Dalio Talks with CNBC's Squawk Box About How the System Breaks Down Once a Lifetime
How does this play out. We don't understand how the cycle goes because it comes along about once a lifetime. But there are orders, you know, there are systems and the systems break down for certain reasons and it creates cycles.For example, there's a monetary system and then there's a debt cycle. And so as a result, we now have um you know, one man's debts and another man's um assets. And when you build these up and you get to a point where you can't sustain that, you have a debt issue. We have a debt issue ...