Part 3/8:
Ray Dalio, a prominent investor and author, emphasizes that the U.S. is in the late stages of its economic cycle, similar to many past empires. His 2021 book, "The Changing World Order," lays out the patterns of economic ascendancy and decline observable throughout history. According to Dalio, the combination of ballooning debt, declining economic competitiveness, and increasing internal divisions positions the United States in a precarious situation—a dynamic often seen before the fall of past global powers.