# @raydalio on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DMQC02iAoeb
- **Gondola URL:** https://gondola.cc/posts/65335663-raydalio-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/ebc7efce08.jpg
- **Posted:** 2025-07-18T13:29:24.000+00:00
- **Account Owner:** Ray Dalio (@RayDalio) — https://gondola.cc/RayDalio

## Caption

What happens when a country mismanages its debt?

In 1990, Japanese policymakers decided to deal with its debt obligations by printing a lot of money to buy bonds. They further devalued the currency by giving bondholders significantly lower interest rates than in the US.

As a result, Japanese bonds lost 45% relative to US bonds and 60% relative to gold over the next few years.

That had a real impact on the average Japanese worker, who lost a significant amount of buying power — and those impacts are still felt today.

My new book, How Countries Go Broke: The Big Cycle, breaks it all down for you.

#raydalio #principles #politics #economics

## Stats

- **Views:** 25,862
- **Likes:** 4,821
- **Shares:** 0
- **Comments:** 53

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Ray Dalio | @RayDalio | https://gondola.cc/RayDalio | Client |
| Julian Smith | @byjuliansmith | https://gondola.cc/byjuliansmith | Graphic Designer |
| Julian Smith | @byjuliansmith | https://gondola.cc/byjuliansmith | Video Editor |

## Tags

politics, principles, raydalio, economics

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