Decentralized Finance and the debt cycles

The nature of debt is cyclical. Source: principles.com/the-changing-world-order
Short and long germ cycles. Source: principles.com/the-changing-world-order
Source: Ray Dalio, principles.com/the-changing-world-order
Source: Ray Dalio, principles.com/the-changing-world-order
The “Quadrants of Trust”, by Ryan Sean Adams and Lucas Campbell. Source: https://bankless.substack.com/p/eth-is-irreplaceable
The transition between the different monetary systems occur typically during during the long term debt cycles https://www.principles.com/the-changing-world-order/#chapter2. Source: Ray Dalio

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