Ray Dalio Discusses Major Financial Crises (Podcast)
Masters in Business
00:00
The Short Term Debt Cycle
Japan and the European powers that had colonies in the Pacific area. The United States had interest there where they were competing for natural resources. And so when Japan then had its economic problems and wanted to grow, it needed resources beyond Japan because Japan is very limited resources. There is that competition. So now we're worried about resources and we start to put in blockades and things. We have the same phenomenon happening in Europe where the rising power was Germany.
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