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Large national debts / economic downturns could lead to devaluing of currency / declining empires

By Hicbd
Sun Jul 10 2022 11:17 am

"Countries with large savings, low debts, and a strong reserve currency can withstand economic and credit collapses better than countries that don’t have much savings, have a lot of debt, and don’t have a strong reserve currency."

URL:
https://www.15minutebusinessbooks.com/blog/2022/03/09/principles-for-dealing-with-the-changing-world-order-why-nations-succeed-and-fail-by-ray-dalio-my-five-lessons-and-takeaways/
https://www.openculture.com/2022/03/principles-for-dealing-with-the-changing-world-order-an-animated-video.html

URL Credit

Categories:
Currency U.S. Foreign Policy / International Relations Financial Systems / Markets Public Finance / Revenue Government Debt / Spending / Budgeting International Relations Foreign Policy / International Affairs U.S. National Debt / Government Spending

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