The Liquidation of Government Debt | The Lyn Alden Series | Episode 1 (WiM187)
The "What is Money?" Show
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The Long Jim Debt Cycle
The last time we encountered public debt to g p levels as high as they are now was back in this, youknow, 19 forties war era. And so i think one more point i bring up is that a study by hirschman capital found that 98% of the time, if you got to about a hundred and 30 % debt to gP, you'd have a default within the next ten and 15 years or so. That default could take any number of forms including emerging market currency devaluation. We just don't have the capability to pay back this kind of liability," he says.
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