In Principle 2, Ray Dalio believes that the current world situation is very similar to the eve of World War II!

1⃣️, populist sentiment is high and conservatism is prevalent.

2⃣️, there is a strong smell of gunpowder between countries, and there are many contradictions between restraint and attack.

3⃣️, the country also faces many problems, especially the rapid economic development and stagnation dilemma, highly industrialized production capacity, and capital looking for new outlets everywhere.

4⃣️, in 1926, Russian economist Kondratiev discovered a 50-60 year economic cycle in developed commodity economies. In this cycle, the first 15 years are a recession period; the next 20 years are a period of large-scale reinvestment, new technologies are constantly adopted, and the economy develops rapidly; the last 10 years are a period of over-construction; the result of over-construction is a 5-10 year period of chaos, which leads to the next major recession

5⃣️, the first Kondratieff wave: 1800-1860, Britain is the leading country, Germany and France are the challenger countries, and the era of steam engine textiles. The second Kondratieff wave: 1860-1920, Britain is the leading country, the United States is the main challenger, the era of steel, railways and automobiles. The third Kondratieff wave: 1920-1980, the United States is the leading country, Japan is the main challenger, the era of electrical and heavy chemicals. The fourth Kondratieff wave: 1980-2040?, the United States is the leading country, China is the main challenger, the era of electronic information. #以太坊ETF批准预期 #机构积极投资比特币ETF #芝商所拟推出比特币现货交易 #BTC走势分析 #新币挖矿 $BTC $ETH $BNB