Part 2/7:
In addressing the central question of whether the U.S. is on the verge of going broke, Dalio emphasized the cyclical nature of debt crises. His extensive experience over the past five decades has revealed that these crises often recur, driven by a lack of understanding of the underlying mechanics involved. The purpose of his book, therefore, is to shed light on these mechanisms, specifically as they pertain to the United States' financial landscape.