The Global Financial Crisis 2? With Lyn Alden
“The end game, that’s where it gets tricky, because there’s really no plan to ever stop the fiscal deficits. Debt to GDP is very, very high. And the world’s never been in this position before where we have an entirely Fiat-based system with debts this high. And especially because it’s not due to war. It’s due to accumulated promises over decades. So there’s no light switch, that can just change it next year.”
If you want to understand the mess the current financial system is in you have to listen to #[0] she is amazingly knowledgeable.
Spoiler alert, it’s fucked!