> For the complete documentation index, see [llms.txt](https://btcjourney.gitbook.io/start/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://btcjourney.gitbook.io/start/so-why-do-we-need-banks/problems-with-gold-and-resulting-centralization/nations-inflating-their-debt-away.md).

# Nations inflating their debt away

In this short clip of his powerful video on the changing world order, Ray Dalio explains the almost inevitability of a nation trying to print and inflate away their debt as their empire is in decline.

| Creator   | Time | URL                                                        |
| --------- | ---- | ---------------------------------------------------------- |
| Ray Dalio | 1min | [Full source](https://www.youtube.com/watch?v=xguam0TKMw8) |

{% embed url="<https://www.youtube.com/embed/xguam0TKMw8?start=1922&end=2001>" %}

{% hint style="info" %}
**Takeaway** Looking back at the entire history of money, empires that are in their decline always choose to print more money to address short-term concerns, ending in a collapse of the currency itself.
{% endhint %}