Monday, August 01, 2022 5:44:15 AM
In the David Hunter interview, I posted a few days ago he said he thinks after the coming bust hits they'll have to take their balance sheet up to around $30 trillion from where it currently is at $9T. That will triple their debt and IMO wreck any credibility that those numbers will ever be reduced in a manageable way.
Of course that won't count the unlimited amount of money that will be created from the fiscal side of the economy to keep the peasants from overthrowing their governments. Mix in a major conflict like a China/U.S. blow up and things could get very ugly. In a setting like that PM's look very, very promising.
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