History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises inflation
3) Living… pic.twitter.com/3CCjujlR2f— Ray Dalio (@RayDalio) November 10, 2025
