If we look at U.S. government debt, it reached 1 trillion dollars in 1980 and in the year 2000 we were at 5 trillion dollars. So between 2000 and 2011 we’ve grown 3 times and the expansion of the debt will continue.
The day interest rates go up for whatever reason, the cost of financing will also become burdensome.
I’m negative about the outlook for the world because we are trying to solve the crisis created by excessive debt growth and excessive leverage with even more credit and leverage, which will just postpone the problem. - in CNBC
The day interest rates go up for whatever reason, the cost of financing will also become burdensome.
I’m negative about the outlook for the world because we are trying to solve the crisis created by excessive debt growth and excessive leverage with even more credit and leverage, which will just postpone the problem. - in CNBC
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